SUNLIFE

[swit_squiggle]

Sis swit_squiggle sige abangan ko sa blog mo yung tungkol sa bagong product nia So hold ko pala muna sa choices ko ang Sun Peso Provider. Pag endowment type kasi,parang mag nakakagaan isipin na after ilang years may bumabalik na sayo and insured ka pa rin.

Oo sis. I'll PM you and at the same time post ko din dito pag naupdate ko na.

Sis yung namention mo about "at the moment mas kailangan ng family ang more insurance kaysa sa savings" medyo naguluhan ako, sa Sunlife Maxilink Prime, more on insurance siya than savings? Baka pwede mo naman explain further paano ang set up ng maxilink. Like after ilang years may babalik din ba sayo, or pwede ka mawithdraw, kasi nasabi mo isa sa purpose mo is for retirement din. Kung 10 years to pay lang eto, after 10 years what will be the next step na? Sensya na sa kakulitan

Regarding that notion, "we need more insurance than savings" I'm pertaining to buying endowment over VUL. Mas kailangan namin ito kasi we are still in the asset building stage which means, meron kaming mga commitments like building a house, acquiring properties and we have growing children. Pano na lang kung something happened sa amin, especially kay hub na breadwinner sya? So, merong insurance that would prevent banks and creditors from pulling out this assets incase hindi pa fully paid upon our demise(knock on wood), security na din for the future of our children na siguradong makakapagpatuloy silang makapag-aral at hindi naman kaawaawa ang sitwasyon ng maiiwan na kailangang makapagproduce ng immediate cash for burial and other expense. Naku!! Morbid na kung morbid. But as a mother, I have to make sure that everything is in place dead or alive. At 26, I'm even drafting my Will. hahaha.

With savings kasi, it takes time to build it.
e.g. my husband earns 100,000/month, we spend 70,000 - mortgage, amortization, foods, miscellaneous. so we have 30,000 for the savings. if we solely put this sa savings and on the twelve month may namatay sa amin. we only accumulate 360,000. but if we set aside 10,000 a month for VUL's and High coverage whole life plans that's worth 4M insurance for hubby and 1M insurance for me, something happened at sabay pa talaga kaming kinuha ni hub ni Lord. My children get the 5M plus the fund value at meron pa silang 240,000 from our savings.

ˆsis any info on their retirement fund? ok ba?

What do you mean by retirement fund sis? are you referring to plans na pang retirement?

At the age of 31, now ko lang naisip na kelangan ko na talaga isipin ang future ko while single pa ako. Wala pa rin ako knowledge about insurance, so hindi ko alam kung ano kukunin ko. Any suggestions? Gusto ko sana retirement and savings.

Congrats, you just made your first step in planning for your future finances. Kahit single, you still need insurance, for immediate expenses. At ang isang tanong ay ganito. may plano ka naman sigurong mag-asawa sis at magkapamilya? hehe.

[mameejhy]

Sis, yunnTerm insurance ba pwede din for estate planning/ prevention of creditors etc?

[jhogenlids]

Sis swit_squiggle sige abangan ko sa blog mo yung tungkol sa bagong product nia So hold ko pala muna sa choices ko ang Sun Peso Provider. Pag endowment type kasi,parang mag nakakagaan isipin na after ilang years may bumabalik na sayo and insured ka pa rin.

Sis yung namention mo about "at the moment mas kailangan ng family ang more insurance kaysa sa savings" medyo naguluhan ako, sa Sunlife Maxilink Prime, more on insurance siya than savings? Baka pwede mo naman explain further paano ang set up ng maxilink. Like after ilang years may babalik din ba sayo, or pwede ka mawithdraw, kasi nasabi mo isa sa purpose mo is for retirement din. Kung 10 years to pay lang eto, after 10 years what will be the next step na? Sensya na sa kakulitan

Hi Marssie,

Different insurance products have different objectives. so you should find one that's fits your needs. Sun Peso Provider vs Sunlife Maxilink Prime, simply Sun Peso Provider is more on savings while Sunlife Maxilink Prime is more on investment. Basically investments has better potential to grow than savings. and Maxilink is cheaper than peso provider.

[high_def]

what products in sunlife ang pertaining to retirement fund? tia!

[swit_squiggle]

Retirement plans coupled with life insurance are sunmaxilink prime but you can also utilize sunmaxibright. For a very conservative type of people naman that have the money and want guaranteed returns you might consider sun smarter life elite

[mameejhy]

Term is the cheapest form of insurance coverage if you want to be insured for a period of time. Most, is ginagawa ito, habang nasa productive years pa both parents and the kids are still going to school. Yes sis, you can use term insurance as creditors insurance (banks at kung sinu-sino pa ang pinagkakautangan mo).

Regarding Estate Tax issues. Term insurance is not the right avenue for this if you die at a later age lets say 75 years old?. Satistic says that less than 2% of the term are used. Ibig sabihin sa 100 tao na kumuha ng term 1-2 lang ang namamatay. Though we can't predict the time of our death, the probability of living a longer life is greater than dying at a young age. Napakamahal na ng term insurance if you get it at that age and ang tanong insurable ka pa ba?

Sis, what if Term Insurance until 50yrs then kukuha naman ng health care plan to cover old age sickness? Then, in between eh investments in mutual fund, stocks, uitf and real estate. Then pag 60yrs old na eh donation of properties sa heirs? Nag iisip lang ng way para makalusot sa estate tax

Malaki kasi matitipid kung Term Insurance lang.

[swit_squiggle]

There are lots of options that you can utilize for the distribution of your assets. You can put up a trust fund, you can incorporate it in the company and distribute in the form of stocks to your heirs, you can also donate, or you can sell it to your child (sa papeles lang). But the question naman is. Is it the best way?

For me lang ha. Inheritance should be an after death na pagpasa ng asset. Or else? Its no longer an inheritance but a gift for a special person. Tama lang na sabihin ng anak na,"ibinigay sa akin ito", kaysa, "ipinamana sa akin ito" in that case.

Supposedly you have transferred your asset because you wanted to avoid estate tax payment. Kahit anak mo yan, di mo alam ang takbo ng utak nyan. What are the concidence? Pwedeng, e-two time ka, pabayaan ka in your old age, ano pa silbi mo, kasi nasa pangalan na nila ang assets mo. Naku! Hindi yan mangyayari ang babait ng anak ko. Eh? Ang anak mo oo. Eh ang mga manugang mo? Conjugal property na kaya yung asset na yan. She/he has the right 50% sa asset mo.

Magcocomplicate pa kung namatay ang anak mo. Kay manugang na ngayon ang full authority and you are out of the picture?aba!!asset ko yan bakit nawala?

Incorporated sa business ang assets. Oi..nalugi ang negosyo at may mga utang. Tan tararan. Tapos ang assets mo.

we might not feel kung ano ang side ng mga matatanda kasi bata pa tayo ngayon. My lola, no assets and a pure liability if we talk about asset, always cry in the dark because she felt wala syang silbi. Simpleng kendi hindi nya maibigay sa apo nya kasi wala syang sariling pera at umaasa lang sa bigay ng mga anak nya. Kung ibigay mo man ang asset mo sa mga anak mo, in the end, ikaw na ang manghihingi sa kanila and not the other way around.

human as we are. We are grateful for whatever we receive from our parents. Pano pa kaya if we are expecting something na pamana sa kanila. Im grateful that i have parents who planned for their future, may assets at hindi pabigat sa kanilang pagtanda. Pagaagawan pa naming magkakapatid kung sino ang magaalaga kasi may pera sila, na pangtustos maospital man o magkasakit, aside that we love them, e hindi sila magiging fimancial burden sa amin.

Just my 2 cents.

[ayami]

naguguluhan ako sa Sun Life, pero na-drag ako ng in-laws ko dito. nag-aalangan ako sa mga ganito ever since nag epic fail ang CAP ko.

Policies

SUN FLEXILINK 85 - BASIC   
SUN FLEXILINK    (2), hubby and baby
SUN MAIDEN PLUS- for me

investment- Balanced fund (yung pinuntahan ng wedding gifts namin na cash)

Mother-in-law ko nagbabayad ng premiums and all, pero naglalagay kami ng konti kung may tira sa grocery funds or may cash gifts si baby.

[mxherr5]

What about Sun Life is confusing you ayami?

And just so you know, no insurance policy holder has ever been
left to dry.
Insurance companies has closed shop in the past but they
were bought by another insurance company.

And also CAP is a pre need company, not an insurance company.

[ayami]

What about Sun Life is confusing you ayami?

And just so you know, no insurance policy holder has ever been
left to dry.
Insurance companies has closed shop in the past but they
were bought by another insurance company.

And also CAP is a pre need company, not an insurance company.

Nasagot mo na po ang tanong mo. Ni isa sa binanggit mo, hindi ko alam. Nakiride-on lang talaga ako. 

[brandi]

gusto ko din sana kumuha ng insurance dito sa sunlife.

may sinasabi kasi yung friend ko wholelfe insurance yata yon. on the 6th yr parang may makukuha ka monthly something like that. im only 25.

sabinaman niya with may age term daw ang maganda. iniisip ko naman i have to renew it pa in time etc.

so tingin niyo ano ba talagang ok?

[london]

re estate tax
basahin niyo yung book na Thy Will Be Done. Great read.

also, make sure that the insurance that you're getting is irrevocable para walang tax. for those with existing policies, now is the the time to check them. pag revocable, isasama pa yan sa estate tax.
 

[leelou]

as of the moment, revocable ang policies namin ni hubby. plan namin kapag we're blessed na with children, we will make it irrevocable and sila na ang beneficiary

[mxherr5]

Hindi ba mabusisi pag irrevocable at minor ang beneficary?

[sachism]

Hindi mabusisi pag irrevocable at may minor. Ang mangyayari, magaassign ka pa din ng guardian na adult. Or at least 2 benefeciary mo so pwede si hubby at si baby tapos irrevocable. Ok lang naman.

[marssie]

gusto ko din sana kumuha ng insurance dito sa sunlife.

may sinasabi kasi yung friend ko wholelfe insurance yata yon. on the 6th yr parang may makukuha ka monthly something like that. im only 25.

sabinaman niya with may age term daw ang maganda. iniisip ko naman i have to renew it pa in time etc.

so tingin niyo ano ba talagang ok?

Check sis swit_squiggle blogs below.

http://moneygurado.com/sun-smarter-life-elite-the-guaranteed-smart-way/

[bb]

I will be joining sunlife very soon. Just need to undergo trainings and exams. I'm so excited! I've always been an advocate of financial literacy awareness for Filipinos. I chose Sunlife over other insurance companies because of their good products and their passion in helping people become financially secured, not just to sell insurances.

[gorgeouschef]

I'll meet my financial adviser tomorrow. Sana ma-explain niya ng maayos at maconvince niya ko sa presentation niya 

[somethingreal]

Meron ba kayo na ma-rerecommend na sunlife agent? May sunlife ako before, but I had to cancel. Now I want to join sana ulit. The thing is I am abroad kasi right now. Anyway, if anyone can recommend me an agent, I'll communicate na lang via email siguro.

Thanks in advance!

[london]

sabi sa kin ng agent ko, pag may family daw tapos yung lalake ininsured niya, ginagawa talaga niyang irrevocable, protection na rin sa family in case magloko si lalake haha