As a policy holder of Philam myself, I am deeply bothered by the news that AIG loaned $85 billion for them to continue their operations. Since AIG is the mother company of Philam life, my concern is that, would this affect Philam's operations here in the Philippines?
Well, I visit Philam's website and here is what they have to say:
(click on the picture to enlarge)
I am crossing my fingers here. After reading these publications, I still feel confident that it would not affect Philam Life at all. I really really hope what happpened to CAP will not happen to Philamlife.
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I heard from my sister who's based in Singapore that a lot of the locals there are cashing out on their policies already.
Oh well, there really are no guarantees in life.
Oh my. I'm really gonna call my agent tomorrow. Thanks Marvin!