Author Topic: Educational Plans, practical pa ba? (Read 17076 times)

SakuraBride · « **Reply #100 on:** August 13, 2012, 10:15:31 am »

For me hinde practical ang Educ Plan. Mas okay saken ang Life Insurance. Yung purely protection lalo na pag super bata pa ng anak. Kase kung ano man mangyari sayo sure na may makukuha anak mo agad agad at hinde sya yung ulilang walang wala. Pag Educ plan kase maghihintay pa sya gang 16yo sya bago nya makuha.

Pero okay din naman sya to secure yung college education nya.

simple_elegance · « **Reply #101 on:** August 13, 2012, 06:44:50 pm »

IMHO life insurance is another option to save up for our kids education. I opted for a VUL which not only offers life insurance and gives medical benefits if I get sick but also offers a cash value that grows that I can opt to use for my kids education. Whats good with this plan is that if I want to get my money, I can do so anytime. Its also works as a forced savings that is out of my reach, so hindi ko siya magagalaw just like that, not unlike a savings account in a bank.

robinemz · « **Reply #102 on:** August 14, 2012, 06:23:27 pm »

same as @simpel_elegance. we got VULs instead of educational plans for our two girls too

SakuraBride · « **Reply #103 on:** August 15, 2012, 03:08:27 pm »

^ ano po yung VUL? and what company po? Ang nakuha ko kase Life Insurance sa Manulife.

babytintin · « **Reply #104 on:** August 23, 2012, 08:22:53 pm »

VUL stands for Variable Universal Life Insurance. It's an insurance plan that's linked to an investment fund (like mutual funds), what's great about this type of insurance is that you get to accumulate and grow an investment fund over time which can be used for your kids education, while being insured - thus securing your kids' future. I got mine from Sun Life. I'm sure Manulife and other companies offer this too. If anyone is interested, I know a registered financial planner RFP who may recommend a VUL plan or other investment vehicles that you may use as an educ plan..

marssie · « **Reply #105 on:** October 04, 2012, 04:22:35 pm »

Kami naman,since di ko pa talaga maconvince si hubby sa insurance thing at kumbaga e under negotiation pa namin

what i do, monthly nagdedeposit ako sa bank ng anak ko for his education. As in ang purpose lang ng account na yun is for his education.

Hubby's company naman pays for our son's TF, so pag natatangap namin yun kasi binibigay siya ng cash, less lang namin yung TF niya for the whole year then the remaining deretso na sa bank niya.

Primrose · « **Reply #106 on:** March 28, 2013, 09:59:29 pm »

Hi mga Sis, is Sure Cash for Kids of Insular Life ok?

caterpillar-girl · « **Reply #107 on:** May 17, 2013, 03:17:48 pm »

bumping up this thread

^Primrose, my friend got Sure Cash for Kids from Insular. She sent me her package, kasi halos pareho lang kami ng statistics. Anyway, eto yung sa kanya.

Face Amount: 1M
Annual Premium: 257,400
5th year to 14th year payout: 10% of face amount so 100,000 a year, so total of 1M
GUARANTEED LUMP SUMP on the 15th year: 100% of face amount, so another 1M
Built in insurance coverage: 1st to 3rd year: 1M
4th to 15th: 2M

What do you think sises? Gusto ko rin kumuha kasi my fiance and I are getting married and we want to have kids soon. Ngayon palang pinagcacanvass na ko ni mister ng insurance kasi daw baka iphase out yung mga ok haha. Nalalakihan ako sa premium!!! Pero for 1,287,000 guaranteed payout mo is 2M.