Memorial Plans Investment

[swit_squiggle]

as long as the death cetificate is there and past the contestabiity period. you can claim. kahit nasa morgue pa.

[betty]

mabilis lang din pala magprocess ng death certificate. within a week release na? mainam kung ganon. ang insurance company howmany days bago magrelease?

[patchuchai]

@betty, sis sa SSS mas mabilis silang magrelease ng check habang nakaburol,bumibisita sila sa area at basta dala mo temporary receipt.

[health.gal]

^^sis within 24 hours "as long as the death cetificate is there and past the contestabiity period" - kagaya ng sabi ni swit_squiggle

[betty]

oo nga Chie, nabulag ata ako hehe.

patchuchai, magaling din ang sss kung ganon. atleast sakto sila sa bayarin.. lalu na kung member yung namatay

[sarahsensible]

I agree sis Betty whether you like it or not nagagamit ito, kasi transferrable sya. Alam ko ganyan yung sa tito ko eh. Sa tito ko naka name pero nung namatay ang lolo ko si lolo ang gumamit ng service ng Himlayan. Bukod yan sa lot ha, kasi yung lot matagal ng paid kahit buhay pa si lolo.

Uhmmm napapaisip ako kasi may life insurance kami at kung ano ano pang insurance ( sus lahat na ata ng agent mapa Pru,Sun,Manulife,Grepa binebentahan kami ) hahaha.. so kung mabilis naman pala sila no need ako mag worry tama ba?

[sachism]

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. :-)

I have done this already. I have a safety dep box at doon nakalagay lahat. As in lahat lahat sa aking black folder. Pins, paswords to online accounta, huling habilin, monthly expenses/payables/grocery items, monthly needs ng anak ko, what to do with the money na maiiwan, etc.

Wala nga lang ako memorial plan, kung mabilis naman pala makaclaim sa insurance companies, kaya na bayran ng coverage ko ang pamburol ko. So no need napala ako mag ganto?

[chocobo]

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

hi sis. im curious about the dividend investment, where can i possible get that?

[sachism]

Buy stocka that have dividends like pldt, etc. You can check sa pse site to see ang mga stocks which offer dividends.

[jessiej199091]

i also have st. peter memorial plan P 950/mo. ang views ko lang dito, yung mga average earner na tulad ko, it is a necessity na din na kumuha ng memorial plan. may bigla ma'ng mawala sa family, less na yung intindihin ng mga naiwan since may mag-asikaso na from the company. emotionally and financially draining ang mamatayan kaya big help talaga pag may memorial plan. hopefully, mga 30yrs from now ko pa kailanganing magamit st. peter plan ko.

[sachism]

^ haha. Talagang may timeline ang memorial plan sis? 

[chefron]

since memorial plans are quite affordable than any other pre need, i guess this one should not be an option..better prepared than sorry later.

also DONT forget that the memorial lot is "separate" form the service, so thats another payable to consider.

as of the moment, i only have a VUL, considering adding another insurance, after that will go for this na.

[sachism]

Ano pala mga ok na memorial companies? Aside from St Peter?

[younis]

^Provident Plans. got mine from my ninang who's connected to Provident plans.

[scheena]

guys question lang, bka po my nkakaalam, we're planning to buy a memorial lot sa manila north cemetery kasi, and the seller was telling na yung certificate of transfer lang daw ang ibibigay sa amin, tama po ba yon? what do we need to ask from them po ba? and after magbayaran do we need to file this sa north cemetery po ba? thanks

[oyetken]

i also wanted to have one since doon talaga ang punta nang bawat isa sa atin sa mundo. kaso i have yet to search which one best suits my needs

anyone who can post their suggested plans, it will be appreciated

hi sis , i recommend FOREST LAKE south..last month lang nag avail kami , you can visit their website sis ..

[ann08]

How about Philplans services? any thoughts? thanks

[dyoys]

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.

Pwede lang sya iupgrage once gagamitin na po kahit fully paid na ang plan or naka installment payment at binabayaran pa. thanks!

[wrtr_mom]

im so glad there's a thread on this. it's so much better when we get to share our experiences.

im paying for my life insurance now and im really considering getting a memorial plan because none in my family has one.

masakit sa ulo at bulsa talaga pag may namatay in the family. i experienced it first hand when my father died who left nothing to cover for his burial expenses --- mother ko lang talaga lahat nagasikaso financially, hirap mag-grieve properly pag iniintindi ang next steps considering di naman matagal ang burol talaga.

[Lynxette]

@wrtr_mom same experience here. Walang lot at memorial plan yung tatay ko so out of pocket expenses lahat at pinagamit na lang nun sister ko yung parte nya sa lote with my mom.

Buti na lang, may-kaya ang pamilya namin. kabaong pa lang ang mahal na. pa-cremate na lang kaya ako after the service tapos isama ako kila mom and dad? at least I won't take up much space sa nitso.