Memorial Plans Investment

[leelou]

Naalala ko dati parang may napanood ako sabi ni Kris Aquino hindi sya kukuha ng ganito, dapat daw kasi ang mamroblema eh yung loved ones nya na iniwan na nya, hindi sya.

ako naman, dahil mahal ko ang pamilya ko, ayaw ko na silang paproblemahin kung kaya ko rin lang naman. imagine, sad na sila for sure sa pagkawala ko tas magiging worried pa sila for the expenses? parang pag-save lang din naman yan for retirement or future expenses lalo na medical pagtanda. ayaw kong maging pabigat sa mga loved ones ko. and it's always best to be prepared

[betty]

 at kung nagkataon pang wala ding pera ang maiiwanan mo, kawawa ang burol at libingan mo! LOL

[bebeloo]

sis, st. francis yung kinuha ko.. [yungmemorial service, coffin, etc lang wala na yung burial/cremate. gusto ko sana iupgrade kung yung may cremation na lang para mas mura hehe..at para matapos na lahat! LOL

[sarahsensible]

^so wala pang lupa na involved ano?

[betty]

yes sis usually separate ang service at lot pati ang internment

[sarahsensible]

^tama sis, sabi ni granny ko nauna nila natapos bayaran yung lupa

[patchuchai]

iyong sa cremation ng st peter 30k ata, kasi wala ka ng problema sa lupa. halos maloka ako noong time sa gastos, i started from scratch, nung naghihingalo tatay ko, pinatawag nako sa st.peter, iyong agent quote saken mga 25k embalm at burol pa lang iyon, noong nasa morgue na kami, aba 18k lang, so doon na kami nag-avail, nag-direct. tapos,check niyo kung may sss iyong namatay, pwede kasi habang nakahimlay at hindi pa nabayaran funeral, ilakad niyo na sa sss kasi may benefit para doon. sa situation naman namin, st peter payag na on the spot wala silang hiningi na downpayment, at iyong sss funeral benefit, after malibing ko na inasikaso at madali lang, kasi complete papers namin. iyong memorial lot, laking problem ko, mabuti nakipag-coordinate ako sa st peter at may ni-refer sila, sa forest lawn memorial, dito sa rizal. nag-tripping ako tapos bayad agad, 45k sa lot, and then iyong interment fee mga 21k din. medyo less worries na ulit kapag may sumunod.

[swit_squiggle]

we'll actually legalities per se, sa mga mayayaman hindi ito issue ang pagpapalibing because memorial services are deductible in their estate tax of a maximum of 500K provided na meron kang resibong ipapakita sa BIR.

[ann08]

ok din itong thread na to. helpful. umm.. im just thinking kung paano maging agent sa isang memorial plan company? un ba tawag sa kanila lol. off topic na ko.

[sarahsensible]

sis patchuchai napagod ako sa kwento mo hahahaha...masakit na emotionally, masakit pa sa bulsa diba? 

OT: ayos ang google ads, habang nag rereply ako may ads na ng memorial plan sa side bar, Philplans 

[patchuchai]

@sarah - grabe talaga sis hirap ko that time, mabuti na lang quick thinking ako, hindi ko pa sinama iyong hospital bills, pwede kasi mailabas ang bangkay kahit hindi pa bayad, kaso iipitin ang death certificate until fully paid. eh kelangan ang death certificate para mailibing, ipitan talaga.

tapos mabuti iyong kapatid ko nag-ayos nung sa church. habang nakalamay tatay ko, araw araw lakad ko. sabi nga nung ka-officemate ko, her mom died 2 weeks ago, mabuti daw at meron na silang memorial plan, dahil kung hindi eh baka maloka ang dad niya sa pag-ayos. tapos na  realize niya iyong hirap ko, from the memorial service up to finding the memorial lot.

[sarahsensible]

^ i feel you sis. Kung yung sa lolo ko nga na may memorial plan at lupa may pagod at gastos pa rin eh haayy...

[ched123]

thanks sisses sa mga replies.

At least now, feeling ko hindi ako nag-iisa. I mean, hindi masama mag ready at mag-invest sa ganitong plan. I'm just weighing kung saan ko kukuning insurance company plus after ko na manganak para hindi masyadong mabigat.

[sarahsensible]

^balitaan mo kami sis. Salamat

[swit_squiggle]

This are indeed good investment. prioritize lang.

[bebeloo]

Gusto ko sana iupgrade yung plan ko sa st. peter..kaso pwede lang daw pag gagamitin na.. my goolay, sa lahat ng pagmamay-ari ko, ito ang ayoko pang gamitin. haha

Question: to St. Peter agents, kahit ba sa mga hindi pa fully paid, hindi pa rin pwede magupgrade nang hindi pa gagamitin? spot cash kasi ang ginawa ko dito. balak ko sana exchange kami ng kuya ko, dahil siya hindi pa fully paid, at ako naman, gusto nang magupgrade (para matapos na ang problema ko sa patay, buhay naman ang aasikasuhin ko). thanks.

[freelancer_babe]

Hi mga sis!

I think memorial plans are a waste of money and just makes the seller richer. I have a similar list of hierarchy tulad kay @blooming on where money should go - that's also what I'm doing. I also prefer enjoying the money while I'm still alive. hehe.

1) high-interest debts, except housing loan that's payable for more than 10 years
2) emergency fund (I decided not to get an HMO, so I would need to build a bigger emergency fund)
3) life insurance
4) retirement (same level as life insurance)
5) dividend investments that pay in cash
6) stocks and other high yield investments

I have life insurance with cash value (VUL) to cover it. Medyo matagal na rin ang life insurance ko so that cash value could already cover enough for the plans. My relatives could claim rin from SSS, they have burial assistance rin doon. Plus yung PAGIBIG pa, my parents and kid are beneficiaries of these.

Those banks accounts that will be left can also be accessed by my relatives rin through ATM. The PIN numbers are hidden somewhere safe, but can be easily accessed by them. Eventually, as my money grows I'll be getting a safety deposit box na with those list of ATM pins, para doon na lahat ng important documents.

Pagsama-samahin na lahat - and I think that's more than enough to cover expenses sa memorial plus the loss of income from me for a few years. :-)

[betty]

sis anytime pwede mategi, do you think youre financial status is ok NOW? I mean, as of this moment eh kaya na bang icover ang magiging expenses pag namatay? kung OO then youre one of the few who can.
well actually carry lang naman din talaga pag namatay lalu nat kung ok lang na simpleng kabaong at public cemetery lang ang paglilibingan.

kase ang point nga ng pagkuha ng memorial service at lot eh for preparation din naman for near or future use. imo, hindi sya waste of money. kase magagamit mo din sya whether you like it or not hehe

[freelancer_babe]

^ Yup sis! Anytime nga pwedeng may mangyari. That's why I decided to get life insurance which is huge enough to replace the income from my loss for a few years. Pati gastos sa memorial, sure na akong ma-co-cover na rin yun.

Just a thought sis. Gusto ko lang na makatulong sa pagtitipid. Mahirap din ang maraming wino-worry at binabayaran.

[betty]

ganun ba kabilis magrelease ang insurance ng claims? kahit nakaburol pa lang?