Traditional life insurance vs VUL

[snowyice]

ano yun?

[leelou]

am currently talking to an agent na about Sunlife Maxilink Prime, well email kase i'm overseas and she's about to send me the proposal na. according to the agent since i'm overseas, there are certain limitations as to riders/additional benefits of the plan. so check ko pa talaga if ok and reasonable naman.

[snowyice]

Since once you received the proposal can you post the following details here if ok lang.
Age
Gender
Sum assured
Premium per annum
Riders like addw, lcbw (it is in the proposal)
Number of years to pay (guaranteed or not)
What kind of plan retirement or life insurance?

If ok lang sis! Many thanks!

[health.gal]

Since once you received the proposal can you post the following details here if ok lang....If ok lang sis! Many thanks!

just to share with everyone:

Age: 35 years old
Gender: Male, non-smoker
Sum assured: 500,000
Premium per annum PRULIFE 12,000 SUNLIFE 11,640
Riders like addw, lcbw (it is in the proposal): no riders
Number of years to pay (guaranteed or not): "lifetime" payment
What kind of plan retirement or life insurance?: variable life product

*Prulife was quoted by the agent referred by Sis Snowyice
*Sunlife was quoted by my existing agent
*meron kayang Philam agent dito? baka you can share po magkano pag sa Philam

[cassiopeia]

Age: 27 years old
Gender: Female, non-smoker
Sum assured: 1,000,000
Premium per annum MANULIFE 19,528
Riders like addw, lcbw (it is in the proposal): Accidental death benefit and waiver of premium and major disease benefit
Number of years to pay (guaranteed or not): regular paying 12 years to self-support payment
What kind of plan retirement or life insurance?: trad life

[/quote]

[snowyice]

^sis kapag long term dapat may waivers like lcbw and tpdw.  Well, nanghinayang talaga ako sa Philam plan na nakuha ko dati mataas na daw ngayon eh dati ang kuha ko
Age 32 M
Sum assured 1M
premium 31k fix for 5 years

[leelou]

mga sis, wala pa rin proposal until now. i'll post it once i received it. mejo kinakabahan nga ako baka malaki premium since overseas ako

[blooming]

just to share with everyone:

Age: 35 years old
Gender: Male, non-smoker
Sum assured: 500,000
Premium per annum PRULIFE 12,000 SUNLIFE 11,640
Riders like addw, lcbw (it is in the proposal): no riders
Number of years to pay (guaranteed or not): "lifetime" payment
What kind of plan retirement or life insurance?: variable life product

*Prulife was quoted by the agent referred by Sis Snowyice
*Sunlife was quoted by my existing agent
*meron kayang Philam agent dito? baka you can share po magkano pag sa Philam

my god! this is expensive! what's the point of paying it for a lifetime, 500k lang ang coverage. better save your 12k/yr at mas malaki pa maitatabi mo than 500k.  kaso nga, pag may nangyari sa iyo, yun lang nga ang risk. anyway, this is not a good proposal. hanap ka ng ibang company. I have always liked sunlife proposals over other life insurance companies.

[juicy]

sa husband ko, he's paying 2500 per quarter..1M ang sum assured

[health.gal]

my god! this is expensive! what's the point of paying it for a lifetime, 500k lang ang coverage. better save your 12k/yr at mas malaki pa maitatabi mo than 500k.  kaso nga, pag may nangyari sa iyo, yun lang nga ang risk. anyway, this is not a good proposal.....

face amount lang yung 500K, so wala pa diyan yung projected fund value (kasi variable life product siya). then its technically a "lifetime" payment, but, after just a few years, the fund value is already enough to pay for the premiums "lifetime". aka self-support payment. i just gave the conservative info. IMHO, i think its still a good proposal (depending on the needs of the client). 

...hanap ka ng ibang company. I have always liked sunlife proposals over other life insurance companies.

meron pa ba ditong may info coming from other companies? maybe you can also share kung magkano premium nila for this coverage. in that way, we can exchange notes and learn from each other. thanks.

[cassiopeia]

my god! this is expensive! what's the point of paying it for a lifetime, 500k lang ang coverage. better save your 12k/yr at mas malaki pa maitatabi mo than 500k.  kaso nga, pag may nangyari sa iyo, yun lang nga ang risk. anyway, this is not a good proposal. hanap ka ng ibang company. I have always liked sunlife proposals over other life insurance companies.

agree din sis..kaya mas ok din for me na fixed years or able to support na kesa magdepend on the fund value kasi pag VUL maganda talaga yun  for investors but if for insurance coverage mas ok yung traditional products , just my two cents

[leelou]

question mga sis, pardon my ignorance if you outlive the insurance coverage say till age 88 yun insurance then you turn 89 years old, you will get the full fund ba? or thank you na lang yun?

sana nga may mag-input ng proposals ng ibang companies or dun sa mga meron na para we can compare. sa sunlife pa lang ako ng inquire eh sana meron din for philam or manulife.

[juicy]

^what coverage do you need sis? I'll ask someone from Insular

[leelou]

^ VUL sana sis just like Sunlife's Maxilink Prime.

[juicy]

^ sabi,ang VUL ng insular is 1 time payment...pero i'll verify.

[mystique]

Here is the Sun MaxiLink Prime quoted to me by my agent:

Age: 28
Gender: Female
Sum assured: 1.5M + 500k Accidental Death Benefit
Premium per annum: 40,800
Number of years to pay: 10 years
What kind of plan retirement or life insurance? VUL to be invested in 100% balanced fund

[leelou]

^ sis thanks sa info. did you get it? naku i'm 5 years older than you are  mas malaki premium ko for sure!

@juicy: ok sis, TIA!

[bebeloo]

Can anyone give me a quote for the premium per annum here for Sun Life. I would just like to know kung abot-kamay ng budget ko... max is 36k per year ang pwede ko lang kasing i-allot sa life insurance.

Age: 21 years old
Gender: Female, non-smoker
Sum assured: 1,000,000 and 500,000
Riders: no riders (from my understanding, yung critical illness, accidental death, hospital income, and total disability are already included in the product?)
Number of years to pay: 5 years
What kind of plan retirement or life insurance?: Sun Life Protector Plus

Thank you very much.

[mystique]

^^ yup sis i'm getting it.

[leelou]

^ congrats sis! were you required to attend a seminar pa ba? or may medical pa? me naman for now i think can allot around 3K lang per month so mga 1M fund lang yata yun or less.