Term Life Insurance

[chefron]

1 year ka lang covered sa YRT so paano yun if you suddenly die?

[mxherr5]

Hindi ko na gets..

Eh di, chcheck nila kung truthful at accurate
yung mga sinagot mo sa application at kung hindi,
denied at premium return lang ang mangyayari,
walang insurance payout.

Kung tama naman, babayaran beneficiary mo.

Kung 2 years after issue date na then wala nang check check

[beautywhite]

 Can you name the best term insurance of Insurance Companies.
( Sunlife,Manulife,Insular life et al?) What are the terms they are offering. thanks.

[airish_2]

question lang po in regards naman sa BPI Direct Savings plus Insurance what if wala naman mangyari sayo so intact lang yung savings mo duon.

[chefron]

yes definitely andun lang yun...pwede mo namang galawin yun eh, hindi bawal...tinatapatan lang ng BPI yung savings mo ng insurance

[phoenix77]

Most of these have good term insurance products... i think the more important consideration is go with a company that you would trust and also with an agent that will be able to give good advise and serve you well whatever product you decide to buy.

 Can you name the best term insurance of Insurance Companies.
( Sunlife,Manulife,Insular life et al?) What are the terms they are offering. thanks.

[Lianne@TheWiseLiving]

Sissies, I'm not aware of your ages, so I made a sample computation for Sun Life's Term Insurance.

If you're a 25 years old non-smoker female looking for a Term Insurance, yearly premium is P10,560.00 or P880 per month.

The death benefit is 200% of the face amount (1M), so it's actually 2 million death benefit, along with an accidental death benefit of 1M and total disability benefit as well.

The premium of P10,560.00 is set at P10,560.00 per year for the first 1-5 years.

For the 6th to 10th year, premium will be P10,630.00 per year or P886 per month.

[MissChievous]

^ thanks sa reply sis. I know someone from IMG, will ask them about sa philam. Inform din kita. Yup, term nga yung kunin ko. My friends however, prefer VUL, convenient daw kasi para sa kanila coz they don't have to open a new investment account.

Hi, mga sis! I'm from IMG and I am aware of the Philam Term Insurance. Mga 3,020 siya for my age (27) tapos 1M na yung coverage niyo dun. You can double your payment lang for a 2M coverage. Also, The original ADD&D Coverage increases by 5% each year on the first 5 consecutive years.

Panalo nga siya. I'm going to get one as soon as magkaka baby na ako. I haven't religiously followed the term insurance because I am single pa with no dependents kaya focused muna ako sa MFs at emergency fund. What are your other questions mga sis? I hope I can help you with the Philam Term Life Insurance.

Definitely, BTID yung ginagawa ko.  I've stuck through it until now na.

[mameejhy]

^Sis, nun kumuha ka ng Philam Term required ka ba bumili MUNA ng Kaiser plan?

[artificialstar]

^ if i may sis, yes. need nga na meron kang kaiser before makapag-avail ng philam term insurance because they want the members to follow the financial foundation na dapat merong healthcare before having life insurance kumuha din ako ng philam term life.

[mameejhy]

^So, mas magastos?

[gurlzat03]

^ sis MissChievous, hubby and I are scheduled to attend the IMG seminar on Saturday para malaman [textspeak!] more about Philamlife term insurance.. Ilang years to pay 'yung sample mo below? 'Pag ba nag-attend ng seminar, pwede na gad mag-avail ng term insurance ng philamlife? sorry medyo excited lang.

[chefron]

sun safer life is cheaper too..its a 5 year renewable term...2 M face amount would only cost a 30, female  about 7,850 pesos

[MissChievous]

@mameejhy Hi, sis. I didn't purchase the Philam Term muna kasi nga wala pa akong mga dependents. Single pa rin!

Anyway, nope, nothing is required to buy sa IMG. It's all up to you. Kaiser Healthcare is required IF you want to earn commissions. And Kaiser Healthcare is the Heatlthcare affiliate ng IMG. As for the Philam Term Insurance naman, it's exclusive for IMG members only. Group insurance siya kasi.

So in short, to avail of the Philam Term Life Insurance with a special pricing, you DON'T NEED to buy Kaiser Healthcare, but you NEED to be a member of IMG.

At eto lang yung requirements for the Philam Term Life Insurance:

• All bonafide members of IMG;
  Actively performing the normal chores of life;
  Ages 18 – 64, renewable up to age 70
  

@artificialstar, I believe Kaiser isn't a requirement for you to be able to purchase the Life Term Insurance. What IMG is teaching is the IDEAL way they know on how to build your finances (The solid plan with Kaiser Health Care, PhilAm Term Life Insurance and all), but the how, when, why, what is still dependent on the members. Primary product ng IMG Wealth Academy is Financial Literacy talaga.

@gurlzat03

Yung sample below is for a 27-year old. Php 3,020 is to be paid in one bulk lang sis tapos 1 year na yung coverage niyan is 1M.


At FYI pala to all, available yung PhilAm Life Term Insurance to everyone, irregardless if may Kaiser ka or wala, if IMG-member ka or hindi man. The only difference is if you're an IMG member, mas mura lang yung rates niya.

[chefron]

like you said its a group insurance, now the question is.....if hindi kana active sa IMG will they still cover you?

you can purchase TERM insurance DIRECTLY baket padaanin pa sa isang marketing firm na inaalok pang iba?

[MissChievous]

^ minsanan lang naman mag pa member ng IMG. Once you are a member, member ka na talaga. And if you have availed of the Philam Term Life Insurance, of course you are covered for 1 year. Just so you know, the Philam's term life is only valid for a year. You have to renew it yearly.

As for your second question, it's because of the perks of being a member. Cheaper siya if you buy from IMG. And if you're a member, you yourself can take all the commissions of the products you buy through IMG. IMG is just a financial product distributor. Through IMG, you'll be financially educated (meaning you can decide for yourself) and ikaw na mismo magiging sarili mong broker kung baga. That's why I liked their idea. My mom is working in a real estate kaya aware din ako sa mga commissions. Eh, I figured if I were to join IMG, I can be my own broker and I can take the commissions pa.

[chefron]

yes i know that its a GYRT...Ako hindi broker pero i know about commissions too 

Anyway, nope, nothing is required to buy sa IMG. It's all up to you. Kaiser Healthcare is required IF you want to earn commissions. And Kaiser Healthcare is the Heatlthcare affiliate ng IMG.

And if you're a member, you yourself can take all the commissions of the products you buy through IMG. IMG is just a financial product distributor.

[gurlzat03]

^ Sis MissChievous, thanks for the insights.. excited na ko mag-attend ng seminar tomorrow!

[gurlzat03]

Sis mischievous, we attended the first seminar kanina..medyo confused pa ko kaya hindi ko muna pursue 'yung membership..when i asked them if i can avail the philam term insurance without purchasing the kaiser, sabi nila need daw muna mag avail ng kaiser before mag avail ng term insurance sa philam..eh actually, plan ko lang sana is to avail the term insurance kaya i want to be a member of img..looks like magkaiba ng explanation sa atin..

[chefron]

when i asked them if i can avail the philam term insurance without purchasing the kaiser, sabi nila need daw muna mag avail ng kaiser before mag avail ng term insurance sa philam.