Philam Life Abundance Plus

[crooked_teeth]

Hi sisses!  Anyone who has philam life abundance plus? I'm planning to invest sana on equity and fixed income assets.  This is a variable life insurance policy.  50k annual premium payable in 10 years. Is this ok? Any comments or suggestions are highly appreciated!  Thanks and God Bless!

[JINJIN:*]

yeah I have this, not sure kung "Plus" yun aken. Got it in 2007 and I am only paying 27k (depende kase sa age yan diba). Gosh 5 years na pala akong nag babayad. So limang taon nalang pwede na ko mag stop. I think this is a good one kase this if for my monthly pension pag nag reach na ko ng retirement age ko na 55 years old. At least pag dating ko ng ganyang edad sigurado akong me pambili ng gamot ko pag tanda ko hehe napaka nega ko no).

Anyway, good job on getting ready for the future sis!!

[crooked_teeth]

Thanks for sharing.  How young are you when you started investing on this? My agent said it started 7 years ago.  Dunno if this is the right company to choose, though I already have their Pension Builder before.  Other sisses who would like to share.  Thanks in advance and God Bless~!

[JINJIN:*]

^^ not that young..27 na po ako nung nag start. (ngayon alam mu na edad ko tsk tsk hehe)

ewan ko pero subok ko na kase ang Philam eh, kahit sa mutual funds nila..kahit mas malakas yung kita sa iba..Philam parin ako hehe (oist hindi ako agent huh, nasa abroad ako now so wala akong kinalaman sa kanila)

[JINJIN:*]

uu me MF ako, chaka I had the Money Tree before na pinull out ko na rin after 5 years.

Meron nang Thread for MF Philam I think baka ma OT na tayo hehe.

Sis ang importante....subok mu yung ahensya na hahawak ng pera mu at matatag sila.  So ok tong Abundance and narinig ko lang na parang pa-wala na ang Abundance nila ahh.

[ang-ge]

may nag-offer sakin 20k for 5 years. still having second thoughts on investing.. help mga sis. sa mga meron na, namomonitor nyo ba if your money really earns? how much? i mean ilang percent? may risk ba ng lugi ito?

[mxherr5]

What did the agent say?
Dapat open and upfront sya sa disadvantages ng inooffer nya.

Walang guaranteed interest rate.
Capital gains ang kita dito, hindi interest.

Yes, pwedeng malugi.

Ang pinaka importante na dapat mong malaman sa investments
is,

The higher the risk, the higher the POSSIBLE gain
and the inverse is true

[ang-ge]

its for fixed income fund.
nagbigay sya ng guarantee na ang pinakamababang tutubuin in 4% of the investment.

yup that's what i meant, gain, not interest, sorry.

[mxherr5]

Check http://www.philamlife.com/en/resources/8db87d0048a934069fc39ff239f692a9/AIA_rng_fp_2010_pal_report_PH.pdf

for Philam VUL fund's performance

2007 at 2008 pa lang, below 4% na

Did you read his proposal carefully?
Did the accompanying proposal support his claim?

Either you misunderstood your agent or he's a liar.

[ang-ge]

thanks for the link, sis. o nga noh, [textspeak!] ba nangyare sa 2008 parang sa lahat ata nag negative?

[mxherr5]

subprime mortgage issue in the US caused
the 2008 global financial crisis. Halos buong
mundo ata may crisis nun hehe.

personally, I'd pass =D
I'll just go invest in an MF or UITF
than Philam's VUL

[zaji731]

Reviving this thread...
I got the Abundance Plus (equity fund) from PhilamLife nung July 2010 pa. It was 50k per annum for 5 years.

What happens after 5 years..like if gusto ko na ipull out money ko since i have a good coverage naman na with my current employer plus may paggagamitan din kasi ako?

Hope you can advise me mga sis

[Senorita fifi]

Reviving this thread...
I got the Abundance Plus (equity fund) from PhilamLife nung July 2010 pa. It was 50k per annum for 5 years.

What happens after 5 years..like if gusto ko na ipull out money ko since i have a good coverage naman na with my current employer plus may paggagamitan din kasi ako?

Hope you can advise me mga sis

Hi! PhilamLife is no longer offering Abundance. It has already been phased out. It was one of their bestselling products. As for your question,since VUL product siya, you can withdraw from your account value, either partial or full. Yun nga lang, pag full, your policy will terminate. Ang buhay kasi ng VUL insurance ay nasa account/fund value.