Loan & Mortgage Protection
If something happens to you, your family keeps the home. Mortgage Redemption Insurance (MRI) is required by Pag-IBIG and most PH banks — we place it at better rates than your bank's in-house product.
- Mortgage Redemption Insurance (MRI)
- Credit-life for personal/auto loans
- Pag-IBIG & bank accepted
- Decreasing-term efficient pricing
1,100+
MRI policies placed
48hrs
Average issuance time
20–35%
Typical savings vs bank rate
100%
Pag-IBIG & bank accepted
Starting from
₱650
/month indicative
Coverage up to
₱8,000,000
Eligible: 18–65 years old at application
Free advice · No obligation · IC-licensed advisors
Choose the right level of cover
FUL will compare across all our insurer partners to find the best price for the plan you choose.
Selected: CTPL Credit Life — ₱400/month · ₱4,800/year
Get a quote for CTPL Credit Life* Indicative premiums for a ₱3M Pag-IBIG housing loan, 10-year remaining term, 40-year-old borrower. Decreasing term structure — premiums reduce annually as loan balance decreases.
Included & excluded — no surprises
Death benefit (settles outstanding loan)
Loan cleared, family keeps the property
Total & permanent disability
MRI Standard and Premium
Pag-IBIG & bank acceptance
BPI, BDO, Metrobank, Pag-IBIG, UCPB
Critical illness option
Premium plan only
Joint borrower cover
Available for co-borrower couples
Property damage (fire/flood)
Requires separate fire insurance
Job loss / income interruption
Voluntary waiver of loan
How the process works
Share your loan details
Outstanding balance, loan term remaining, lender name, and your age. If Pag-IBIG, we'll know exactly which template they accept.
We quote BPI AIA, Sun Life & Pru Life UK
Three independent quotes vs. your bank's MRI rate. Most clients save 20–35% vs. the bank's bundled rate.
Apply & issue in 48 hours
Simple health declaration. No medical exam for amounts under ₱5M. Policy issued and sent directly to your bank or Pag-IBIG branch.
Bank confirmation
We follow up with your lender to confirm MRI compliance so your loan doesn't get delayed.
Banks often bundle MRI into your loan at inflated rates. FUL places MRI through BPI AIA, Sun Life or Pru Life UK independently — giving you the same IC-compliant coverage for 20–35% less.
Why choose this plan?
Loan settled, home kept
Your outstanding balance is cleared so your family keeps the property.
Bank-ready
We issue cover accepted by BPI, BDO, Pag-IBIG and most Cebu lenders.
Efficient pricing
Decreasing-term cover matches your loan balance so you never overpay.
We compare plans from these insurers for you
Documents you'll need
- Loan statement of account
- Valid government ID
- Property title / loan contract reference
- Accomplished health declaration
Frequently asked questions
What clients say
Engr. Paolo Maceda
Mandaue City
“Raymond helped me get MRI sorted before my Pag-IBIG loan release. Super efficient — he sent everything digitally and I just signed. Highly recommend!”
via Google · Raymond delos Santos
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Ready to get covered?
Free 30-minute consultation with a licensed FUL advisor — online or at our Cebu IT Park office. No obligation.