Example:

Your taxable estate is worth around PHP 330M.

Based on Philippine tax laws, prescribed estate tax is at 6% of the taxable estate.

Your estate tax in this case is equivalent to PHP 20M

➦ Talk to an advisor

Example:

You currently have PHP 20M. A portion of this may be invested in an insurance policy with a PHP 40M coverage amount.

After your passing, your beneficiaries will receive the PHP 40M after submitting complete claim requirements.

➦ Talk to an advisor

Example:

Your estate is worth PHP80M

Get an insurance plan with a total premium of PHP24M (PHP 8M each) that will leave PHP20M each to three beneficiaries after your passing

➦ Talk to an advisor

Example:

3 siblings who equally own a business can get a life insurance policy with coverage amount equivalent to their shares. This amount will be used keep the business running and to keep the shares within the 3 of them only.

➦ Talk to an advisor

Example:

You have two properties you want to leave to your two children, but the properties are not of equal value – one is worth PHP 30M and the other is worth PHP 20M

Assign a property to each of your children, and purchase an insurance plan worth PHP 10M to add to your property worth PHP20M

➦ Talk to an advisor

Example:

Your estate is worth PHP100M and you want to ensure this is evenly distributed among your spouse and your two children, plus your two non-marital children

By law, your estate will be split this way:
- 75% will go to your spouse and two children evenly (worth PHP25M each)
- the remaining 25% will go to your 2 non-marital children (worth PHP12.5M each)

To equalize the inheritance of all your heirs, get an insurance plan worth PHP25M to complement the inheritance your non-marital children will receive

➦ Talk to an advisor