July 3, 2007
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
IN THE MATTER OF PHILAM PLANS, INC., registrant
REGISTRATION/LICENSING OF P180 MILLION WORTH OF PARTICIPATING LIFE PLAN
NOTICE AND ORDER
Notice is hereby given that on July 2, 2007 sworn registration statements were filed with the Securities and Exchange Commission for and on behalf of PHILAM PLANS, INC., for initial registration/licensing of securities covering 1,028 plans worth P180 million of Participating Life Plans. These plans with maturity benefits depending on the specified annual installment amount will be sold at the following contract prices based on annual installments.
Participating Life Plan
Payment Minimum Annual Minimum Pre-Need Maximum Annual Maximum Pre-need
Term (Year) Installment Price Installment Price
Five-pay 5,000 25,000 1,000,000 5,000,000
Ten-pay 5,000 50,000 1,000,000 10,000,000
Twenty-pay 5,000 100,000 1,000,000 20,000,000
Note: Details by mode of payment are available in the actuarial feasibility study on file with SEC.
Based on the documents filed, the following persons appear to be its officers and directors.
Name Position
Michael Khalaf Chairman
John I. Howell President/CEO
Jesus G. Hofilena Director
Reynaldo C. Centeno Director
Edgardo A. Grau Director
Anthony B. Sotelo Director
Victor E. Tan Independent Director
Jose Marie...
