Educational Plans, practical pa ba?

[billy]

^If you start your policy this 2011, yung 5th year mo would be 2016.

5th year to the 14th year = You'll get 10% of the maturity value for 10 years yun bale. Kaya kung 30,000 yung 10%, you'll get 30,000 for 10 years.

Then at the end of the 15th year, maturity na, you'll get the maturity value. Kung 300k yun, 300k ang makukuha mo.

Kaya doble, 600k ang total benefits.

[lhanny_07]

thank you so much sis billy, now I know na. Ang tagal kasi sumagot sa email ng one of the agent I talked to. At last naitindihan ko na din.

sis patanong ulit po or whoever na may nakakaalam, got this quote kasi tagal sumagot nung agent,

1. COLLEGE STIPENDS      
      Age 16      60,000.00
     Age 17      69,000.00
Age 18      78,000.00
Age 19      87,000.00
TOTAL      294,000.00
2. DIVIDENDS      
      Age 25      82,709.12
3. CONTINGENT EDUC      
   Age 6-16   15,000/ semester   

6.ADB for Payor       60,000.00
7. A & H COVERAGE      
AD,D & D       294,000.00

hindi ko maintindihan po,thanks in advance po

[momzchoice]

Hi sisters,

just to share this with you:

I have this plan for my daughter (got this when she was 2)

5 years to pay... @ Php 120,520/year (11k++ per month) "yearly kasi matipid"

guaranteed benefits:

age 17 - 165,000
age 18 - 181,500
age 19 - 200,750
age 20 - 222,750

age 21 - 137,500 grad gift ito

age 23 premium bonus 563,118 (not guaranteed) like dividends

total guaranteed benefit - Php 907,500

you can opt to use this for highschool also

kaya dito ako kumuha canadian company kasi, alam ko stable.

kaya lang sabi ng agent ko iphase out na raw nila ito 

[swtgrl_bee]

^sis kaya siguro na phased out kasi okay yung deal na yan. To think na pwede siyang gamitin sa HS naghahanap nga din ako na pwedeng gamitin sa HS para sure na. yung sa baby ko kasi kapag college na eh.

[swtgrl_bee]

sis lemonade ang ganda din nung nakuha mong deal, ang laki ng benefits mo pero sakto lang yung nilabas momg money

[momzchoice]

^sis kaya siguro na phased out kasi okay yung deal na yan. To think na pwede siyang gamitin sa HS naghahanap nga din ako na pwedeng gamitin sa HS para sure na. yung sa baby ko kasi kapag college na eh.

Yes maganda nga, you have the option daw eh. I think upto July na lang ang plan na ito.
Sabi ko nga sa agent ko bakit, siguro mamahalan na nila and lesser benefits. You want I can give you my agents number para maquote ka niya sis.
Loyal ako sa agent ko she is has been servicing me since my eldest up to now.

[swtgrl_bee]

^naku sis may binabayadan pa kami kay baby eh, nakaka 6 months pa nga lang kami. Laki kasi ng per month.

[ellyn0803]

Here's what PhilamLife gave me for the Educ Plan of my 3 year old daughter:

Plan 20: Annual Premium: 24,681 (for 9 years)
Plus Annual Investment:   15,000

Age 16: 60,000
       17: 69,000
       18: 78,000
       19: 87,000

Age 20 ( @8% depending on the performance of the Investment)    :     94,316
Age 23: (@8% depending on the performance of the Investment)    :    100,000
Age 28: (@8% depending on the performance of the Investment)    :    100,000

The plan also has what they call emergency fund/Loanable Amount
Child's Insurance Coverage (Until Age of 25)
Payor's Accident Coverage
Term Insurance Rider
Accidental Death Benefit
Payor's Death or Total & Permanent Diss: Premiums are waived

Ok na din ba sya or can anyone here have some comparison with Generali or Manulife?


Thanks

[teeyah]

Hi sisters,

just to share this with you:

I have this plan for my daughter (got this when she was 2)

5 years to pay... @ Php 120,520/year (11k++ per month) "yearly kasi matipid"

guaranteed benefits:

age 17 - 165,000
age 18 - 181,500
age 19 - 200,750
age 20 - 222,750

age 21 - 137,500 grad gift ito

age 23 premium bonus 563,118 (not guaranteed) like dividends

total guaranteed benefit - Php 907,500

you can opt to use this for highschool also

kaya dito ako kumuha canadian company kasi, alam ko stable.

kaya lang sabi ng agent ko iphase out na raw nila ito 

Where from?

[carlsant]

Sa pinas Hindi pero jkung sa ibang bansa oo.Bakit?kase kung titignan mo [textspeak!] eonomiya nga ng ibang bansa eh mas ok bumagsak pa [textspeak!] kanila mga ensurances what more pa [textspeak!] atin....Tignan mo ang CAP They've been in the business for the longest time pero ngayon ang dami pa din nilang problema...

[Nuna]

For me, NO. Grabe yung nangyari sakin, wala akong nakuha sa college plan ko. So ayoko mangyari yun sa daughter ko. Nakakadala talaga. Nag open nalang ako ng bank account para lang sa education ng daughter ko. Instead na educ plan, ipunin ko nalang yung pera sa bank para ayan lang alam kong hindi mawawala yan unless ako mismo makelam or gumastos.

[mameejhy]

^savings? kakainin ng inflation ang pera mo sa bank...

[Nuna]

^ Kahit ano wag lang educational plan. Sakin lang naman yon ha..
Sino namng hindi madadala, may anak nako pero wala pa ko nakuha  sa CAP.   

[maye2k]

at first t'was CAP and now Prudential...who's next? Don't risk your money further, it's no longer practical.

[sachism]

No no disa akin ang educ plan. Id rather put money in VULs or MF.

[mameejhy]

^huhuhu... meron kaming educational plan sa PhilamLife... 

[freeswan]

^savings? kakainin ng inflation ang pera mo sa bank...

tha pre need companies also will have to deal with this. the problem here is pag savings mo, you have a control of your money. with pre need companies, your bound to their contract. kung lugi sila, lugi ka na rin. hay grabe, who would have thought that Prudential will have this problem. kawawa yung tita ko who has education plans for her kids here.

[agape]

Did anyone consider buying fully paid educ plans from a policyholder?

[sachism]

^^^ i guess for as long as you fully understand the plan and the risks and benefits, thats perfectly ok ako kasi i never entertained the idea based on recent news about educ plan plus meron din ako nito ang super konti talaga nag nakukuha ko nung nagaaral ako. So right now, i dont entertain thoughts about educ plan. Id rather invest in VUL, Mf or business.

[teeyah]

Here's a beautiful short film to remind us to prepare for our kids' future http://bit.ly/Pfth2G