UPDATE: My mom was a bit surprised when i informed her that PNB and Benlife parted ways already.. So she immediately contacted the agent and confirmed the same. However, according sa agent, the company is still "financially sound." The company is owned by the Fernandez, Romulo, and Sycip family and just recently murag nag infuse na pud new capital of around 2 Billion pesos.. Well mao na ang version sa ahente..
With regards to my mom's pension plan, wala man problem and it has already matured. Kanina she was given 3 options by the agent:
1. Receive a lump sum of 1M immediately for the pension and still eligible for 1M life insurance..
2. Receive a monthly pension of 10K for 60 months (5 years) and on the 6th year she will receive a lump sum of 1M.
3. Receive a monthly pension of 10K for 180 months (15 years).
Mom chose option #3 and she already submitted the requirements earlier today..