Memorial Plans Investment

[chefron]

ang alam ko pwede

[**My Sweet November**]

This is included in our (hubby & me) 5 year project. We want to pay our debt first, start our rental business while continuing our paper investments + long term healthcare. After nito kukuha na kami ng memorial plan + memorial lot.

Any reco for a memorial plan saka ano ba magandang himlayan sa may bandang Alabang/Bacoor Area?

[icee_star]

This is one of my financial goals this year. Ang magstart makapaghulog for services and lots. Pero hindi pa ako nakakapaghanap kung ano ang mas OK. Good thing I found this thread, backread muna ako.

[astarte]

Subscribing to this thread and magbackread din ako baka kasi nasagot na sa previous posts and questions ko.

[m_lim]

magkano na ba ngayon sa Holy Cross?

[heartfortress]

I am also planning to get one (siguro St. Peter) pag bayad na 2 memorial lots na kinuha nameng magkakapatid. Sa Providence Memorial Park in Dasmarinas, Cavite kinuha namen. I convinced my sisters to invest on this kasi mahal din pag nawalan ka ng minamahal mo sa buhay. Nagluluksa ka na, namomroblema ka pa sa gastusin. kaya kahit di magandang idea to para sa iba itinuloy pa din namen.

[bluish_mommy]

^tama lang yan sis... yan ang realidad ng buhay, lahat tayo papunta dyan, kaya dapat pinaghahandaan.

[bluish_mommy]

^sis parehas tayo 4 lawn lots din ang nakuha ko dun. P700 each lawn lot monthly ang binayad ko dun, natapos din bayaran after 5 yrs.

[crzysxycl]

Ngayon nalang ako naging open sa mga ganito. When I was younger, ayaw ko itong pinag uusapan, parang takot kasi ako. Pero I realized na mas mabuti yung handa kesa mataranta pag biglang kinailangan. Isa pa,  pamahal din ng pamahal ang memorial plans, kaya kumuha na rin ako. St. Peter kinuha ko for me and mom. I paid in full for mom's while mine is annual naman.

Mga sis, meron din bang columbary na pwede hulugan? Hindi kasi ako familiar.

[lady_di888]

share ko lang sa inyo sissies... kumuha ako ng st peter na memorial plan... the nice thing about it is you pay it in 5 years. on the 15th year, they return your money in staggered payment annually. pero the plan is still existing ha, with it, you get ilang days sa st peter for your service, a coffin and room depending on the plan you selected. plus, its transferrable. I know it kinda sounds morbid, i got it when i was only 26, pero sa tingin ko, maganda sha kasi u can get your money back in a couple of years, ibaon mo lang sa limot... thanks!

[crzysxycl]

^ganyan din kinuha ko sis. tama, kasi nagmamahal din yan over time. i heard from a friend na nasa 16k lang yung cheapest plan ng st peter years ago. eh ngayon diba cheapest ata nasa 30k up, ito yung may rereturn na amount sa plan holder.

[m_lim]

mas sulit ba yung may rereturn sa plan holder?

kasi mas mahal yun kesa yung walang return. hindi ba parang parehas rin lalabas?

for metal casket:

110t yung may return. 22t annual. (return is 20%-5x annual)

80t naman yung walang return.

[j.adore]

Death is part of life. Di naman nakakamatay kumuha ng policy.

We're pro Memorial plan in the family. My aunt died when I was young due to cancer and nobody was ready for it. Ubos funds ng mga tao para sa medical expenses tapos wala pa Memorial plan so imagine the stress.
After that incident, kuha sila yung iba mga 2-3 plans agad. This was St. Peter 500 a month lang.

Recently naman grandparents ko magkasunod. Eh di naavail na nila some of the plans. After that replenish na right now looking at Loyola. Sawa na yata sa St Peter hehe.

For those thinking on getting death expenses from insurance, isn't that reimbursement style? Maglabas pa din ng cash so technically it's emergency fund plus insurance. Eh pano kung wala o kulang cash?
Still better to have Memorial plan Wala na isipin pa. Foods na lang siguro.

[mxherr5]

I did a comparison between St. Anne and St. John
because I won't be getting a wooden casket 
and these 2 have the same description and they look
similar in the pictures.

If instead of paying 22k a year for St. John and getting
, I instead get St. Anne and pay 15.8k a year
and invest the difference of 6.2k.

And if I get a constant return of 8.81% a year then I can afford
to get back 22k starting on the 16th year for 5 years and
on the 20th year I'd end up with 38 centavos.

So, in other words if you can get a higher return than 8.81%
then by all means go get the regular plan but if you can't then
the money back plans would make sense.

[smm_0411]

Sino po ang may marefer na agent from st. Peter. we are also planning to get this para bawas stress sa mga unforeseen events.  Thanks

[icee_star]

^same here, looking for one. please PM me.

[heartfortress]

Share ko lang mga sis. My uncle sa province died this month lang. sa hospital may nag aabang na pala na st. Peter agent para alukin ang uncle's family ng service nila kaso wala naman sila pambayad kaya etong agent asked kung may sss ba ang uncle kasi kung meron daw wala na daw sila aalalahanin (at least sa pagkakaintindi ng family). At nung naembalsamo na ng st. Peter and ready na para sa burol, they asked for the payment. Nagkaron ng misunderstanding between 2 parties. Ang lagay kasi need muna abonohan ng family ang funeral services then the family na magclaim sa sss dala ang receipt from st. Peter. At dahil wala nga sila pambayad they called my mom (uncle's sister) kasi mom's family ang nakakaangat sa magkakapatid. Wala din naman work si mom kaya dad and kameng magkakapatid ang nag ambag ambag para mapunuan ang pambayad pati ibang gastusin sa burol. Kinabukasan pumunta na si mom ng province. yung makukuhang burial benefit sa sss e parang ginawang collateral sa inutangan nila para sa ibang ginastos at yung iba para sa family na. Dahil sa hirap ng buhay sa province, pag may namatay pala, ang mga kamag anak na lang ang gumagawa ng coffin then libing agad. At least nagkaron ng maayos na burol at libing si uncle. Kaya nung pagkabalik ng mom from province, sabi ko sa kanya mas ok na may memorial plan ang isang tao para di mahirapan ang family/relatives. Di kasi namen alam pano sabihin sa kanya na ikuha namen sya ng st. Peter plan, ngayon tingin ko ok na sya sa idea.

[drowningpanda]

^Hindi naman kailangan talagang ikuha mo sya. Kumuha ka ng sayo then pagkinailangan itransfer mo na lang. Sa akin, alam ng parents ko na kumuha ako, sabi ko lang na para sakin yun, pero siguro gets na rin nila na medyo naghahanda na ako.

[adrian]

Uy, tamang tama nakita kong thread na 'to.

I got a St. Francis plan in 2012. That was the cheapest they had then.
Ngayon meron na silang St. George (Php 29,000.00) na if spot-cash is 26,100.

I asked an agent if pwedeng i-return (or cancel) yung St. Francis contract ko so I would use the money and get a St. George plan and take the difference (to pay for my father's hospital bills).

Laking gulat ko na lang nung sinabi nila that I have to hold onto the plan for 5 or 6 years (so 2017 or 2018, di siya sure) and then I'll only get 10,000 back. Tama ba 'yun? So eto tumatawag ako sa QC branch nilas pero laging busy.

Anybody here care to shed some light on this?

[bluish_mommy]

^sis why do you need to cancel? ang alam ko pwede mong i-upgrade ang plan eh. ask your agent about it.