Term Life Insurance

[gypske]

sis phine0428

Makikita mo at maappreciate ang VUL from 5 years onwards. From what I know, usually first 3-5 years sa charges halos lahat napupunta kaya maliit lang ang fund value.

Please, when someone advises you to terminate, don't do that. Mas lalo kang malulugi.

When in doubt, please join Pinoy Insurance Talk (group in FB) and maraming makakatulong sa iyo.

[brandi]

Baka VUL siya sis kaya ganyan kalaki? Nasimulan mo na sis sayang naman ituloy mo na yan. Kung nabibigatan ka sis phine0428, ipa adjust mo na lang, baka sandamakmak na riders yung kasama diyan. I also have a VUL 6k quarterly so lumalabas 24k annually. May riders na yun and 1M din ang face amount. I think yours is too much.

[gypske]

I agree with sis brandi. Baka pwede maadjust at bawasan yung sobra na premium na allocated for investment. Ask your FA if pwede or ask sa PIT.

Ang maganda lang kasi sa plan mo, mas mabilis lumaki ang fund value mo if invested on the right fund (equity, index, etc) Siguro nung nagusap kayo ng FA mo, nabanggit mo ang tungkol sa retirement/savings, kaya siguro ganyan kalaki premium mo habang kaya mo pa magbayad.

Do check na rin kung saan naka invest, baka kasi nasa balance fund kaya maliit ang fund value.

[phine0428]

10 years to pay sis.

[phine0428]

Fund allocation ko is Peso Secure Fund and Peso Growth Fund at 50% each. Variable Life Insurance po mga sis.

Thanks much mga sis for all your replies. Friend ko naman ang agent so may tiwala naman ako sa kanya. But just wanted to get lang other opinion din...

[rasee16]

^sis parang mahal yang premium mo for 1M coverage.. depende rin kasi sa age eh. Are you in your 40's na nung nagstart ka?

[brandi]

Any feedback re philam life guardian 5?

Based on my understanding, halos same sila nung axa flexiprotect na nagustuhan ko. Hindi lang ako okay na until age 65 lang yung axa flexiprotect unlike this one na until age 80. Tapos computation almost the same pero chaper lang si guardian 5 than flexiprotect ng very minimal, in fact, non significant naman.

So far, I'm eyeing this one and axa health max 20. Feeling ko titigil na ako sa pagbili. I will purchase 1 after the other this month and next month respectively. 😂

[Rory_Lorelie_Gilmore]

^Sis, ok sana yung Guardian 5 (1m face amount) and AXA Flexiprotect kaso wala Critical illness, medyo nanghinayang lang ako. Parehong mura no nasa 11-12k Php lang premium for 5 yrs. Pero life and accident lang talaga coverage. Yung Flexiprotect na offer sakin until 74 naman daw (renewable) tapos 4m ang face amount.

Yun Philam Guardian 6 (1m face amount), until age 65 ka naman covered 1m din, 20 yrs to pay, 20k Php premium annual may critical illness coverage ng 400k.

Still looking around.

[gypske]

^sis, if it's about sa Guardian 65 post before - the critical illness coverage is 1M.

Compare ko yung dalawa:

Guardian 65 + Accident & Health w/ medical reimbursement + CI =
21k x 20 years = 210k

Flexiprotect - mataas yung sum assured but you have additional on top of 12k if may critical illness rider =
12k x 30 (up to age 65) = 360k wala pa CI


kung baga pili ka na lang if you prefer higher sum assured or one with lower sum assured but with  critical & accident riders.

Note: both covered to 65. 20years sa guardian dahil level premium - konti lang daw dagdag sa premium kaya iniksian na lang kesa up to 65 ang paying preriod. Not sure if meron si axa na ganyan.

[brandi]

^Sis, ok sana yung Guardian 5 (am face amount) and AXA Flexiprotect kaso wala Critical illness, medyo nanghinayang lang ako. Parehong mura no nasa 11-12k Php lang premium for 5 yrs. Pero life and accident lang talaga coverage. Yung Flexiprotect na offer sakin until 74 naman daw (renewable) tapos 4m ang face amount.

Yun Philam Guardian 6 (1m face amount), until age 65 ka naman covered 1m din, 20 yrs to pay, 20k Php premium annual may critical illness coverage ng 400k.

Still looking around.

Yes sis same yung guardian 5 and flexiprotect yung until what age lang na coverage varies. Are you sure flexiprotect is until 70 plus? Kasi hanggang 65 lang daw talaga yan?

I told the agent that I'm not interested on VULs. And yung product nila na hindi rider ang critical illness benefit is a VUL maybe that's why she just gave me this guardian 5.

I'm planning to get a separate ome which is the healthmax of axa. 20 years to pay with major and minor critical illness benefit na hindi rider. Usually kasi rider talaga to.

I would like to get a term insurance renewable every 5 years that's why I am considering either axa flexiprotect or philam guardian 5. Almost the same amount of premium for 4M face amount but difference is one is until age 65 and the other is until 80. Yes maikli na life span natin, but what if di ba? Ayoko dumating yung time na if ever ma surpass ko yung age na yun hindi ko na ma renew dahil until age 65 lang. Along with this term insurance, I would like to get another insurance that focuses more on health din naman and I think axa healthmax 20 is a good choice.. so far.. will be getting 1M for this one lang. Max of 2 claims for minor illnesses which is 200k each total of 400k. For major illnesses, you'll get the entire amount.

So if something happens, hindi na problem yung hospitalization ko, may sukli pa beneficiaries ko ng sobra sobra kasi 4M yung term ko, plus the 1M VUL I've got 5 years ago from Sunlife. By the way, yung hospitalization na to hindi yung na hospitalized ka lang dahil nagkasakit lang ng mababaw na dahilan lang fyi. May iba kasi hindi pa masyado familiar sa terms. Baka ma misinterpret. May hospitalization benefit/rider din kasi na pag meron ka nun, the benefit that you can get is a discount/reimbursement from your hospitalization with a minimum stay of 3 days. If you have an HMO, I don't think that this one's really beneficial, IMO. Napakaliit na amount pero hindi reasonable yung price niya as a rider.

[gypske]

sis brandi, magkano premium mo sa Healtmax20? I assume 20 years to pay?

Naghahanap din ako ng health plan for my brother. May binigay si philam pero 5 years to pay lang daw yun available. 100k ang premium. Pero total package. Yun nga lang VUL.

I have one sa Sun Life - Sun Life Assure - pero once na claim, terminated na yung policy and maclaim lang if critical illness talaga. Premium increses every 5 years.

Yung hospitalization na mention mo, is it yung income benefit or kasama reimbursements?

[brandi]

^Quoted me 26k annually for a 1M coverage. Pwede naman babaan face amount and I think it will be cheaper.

Di ba sis, merong hospitalization na rider wherein may makukuha ka na specific amount kunyari 1k per day basta max of 3 days stay, I'm not pertaining about that 1. Kung may HMO ka, tingin ko lang ha, parang sayang naman kung maglagay ka pa ng rider na yun. What I am talking about are the minor and critical illness benefit which usually comes as a rider most of the time pero sa healthmax, it is not. Included talaga siya sa product. Example for this 1M face amount, 1M death benefit pero pag nagkasakit ako which will fall under their listed major illnesses like stroke, etc, 1M din makukuha ko. Ang HMO naman kasi may tendency ma max out pag na icu ka. Kasi kapag yung life insurance lang, unless may CIB rider ka, makukuha mo lang kapag wala ka na. Paano kung ma hospitalize ka ng matagal at na maubos na HMO credit mo? That's why I am considering on getting this one aside from getting another term insurance.

Sana na explain ko. Hindi talaga ako magaling mag explain eh. Hahaha! 

Additional info, guaranteed cash endowments are available starting age 70 if you're still alive by then. This is not a VUL product.

[Rory_Lorelie_Gilmore]

^
FlexiProtect Life

Thank you for your interest in AXA products. FlexiProtect Life is a term insurance product designed to provide protection for your loved ones
against the financial impact of your untimely demise. It is renewable every 5 years, and can be converted to any whole life plan should your
needs change in the future. This product has great flexibility and provides peace of mind at a very reasonable cost.

Life Protection

Guaranteed death benefit equal to PHP 4,000,000.
Coverage for 5 years that you may renew until age 74 even without evidence of insurability. The term of any such renewal will be 5
years, or the number of years on the Policy Anniversary on which the Insured is aged 75 nearest birthday, whichever is shorter.
Option to convert to any permanent life insurance subject to AXA Philippines? conversion policies at the time of conversion.

Eto Sis yung actual words sa offer. Medyo madami na kayo nadiscuss basahin ko muna maige para makarelate. Naguguluhan di ako sa Hospitalization benefits na yan.

Gusto ko din yang Healthmax, concerned din talaga ako sa may maayos na critical illness coverage both minor and major, ayoko ng accident and life lang.

[brandi]

^kasi kung 75 yan sis, eh di sana yan na lang kinuha ko yung sa philam life until 80 eh, na alangan kasi ako dahil 65 daw si flexiprotect pero kahit yan or guardian 5, tingin ko okay sila pareho. 😁

Si flexiprotect bingyan ako proposal may care to health na rider na kasama. Eto sis yung sinasabi ko na pag na hospital ka may bawas yung room rate max of 3 days stay so pinatanggal ko kasi I don't really see the need to pay for it cos I have HMO. I wasn't able to ask lang if I can put a CIB rider on flexiprotect kasi interested ako doon sa healthmax na aside from death insurance, more on health benefits siya. At this point of our lives hindi natin alam kelan tayo ma stroke, MI, etc. pag na hospitalized ka ng matagal, need mo ng funds what if you stayed longer and wala na credit HMO mo. So feleling ko advantageous talaga tong healthmax sa part na to. Ma confine man ako due to a serious illness in time or not, win win pa din kasi I'll still get e death benefit from it. Pag yung insurance lang for death, paano naman kung mag stay ako longer in a hospital esp ICU, and yun nga wala na funds, antayin pa nila mawala ako para makapag claim di ba. It's just me. Ma plano kasi ako masyado hehe gusto ko lagi may plan A to Z 😂

[gypske]

sis brandi, bale aside sa Healthmax - 1m death benefit, if you're diagnosed with CI, you'll get 1m din? If may minor illness , may certain percentage din na makukuha?

Pwede palagyan ng CI rider ang flexiprotect. If age 36 with 1m coverage - 5160 charge ng rider. Pag dating ng 70 it will be  109k for the CI rider.

[Rory_Lorelie_Gilmore]

Sorry na-miss ko ata ilang yrs to pay nga si Healthmax? Sorry mga Sis, medyo nangangapa pa ako.

[brandi]

sis brandi, bale aside sa Healthmax - 1m death benefit, if you're diagnosed with CI, you'll get 1m din? If may minor illness , may certain percentage din na makukuha?

Pwede palagyan ng CI rider ang flexiprotect. If age 36 with 1m coverage - 5160 charge ng rider. Pag dating ng 70 it will be  109k for the CI rider.

Pag major illness sis, you'll get the entire face amount pero wala na death benefit. Pero pag minor illness, max of 2 claims then the rest, it's as good as your death benefit na.

Sis rory, healthmax 20 is 20 years to pay. If something happened in between that span, you or your beneficiary/ies don't need to to pay and finish the remaining years. Example on your 3rd year, you developed stroke which falls under major illness, your beneficiary can claim the entire face amount automatically para they can pay for your hospital bills if and ever, no funds available at all or your health card is insufficient na. Pag na claim na yun, hindi nila kailangan tapusin bayadan yung remaining 17 years nung policy mo. Pero while you're still alive, you'll pay it for only 20 years and you are covered until age 100. Starting age 70, you are already entitled for cash endowments.

[gypske]

Thanks, sis brandi. At least nagkakaidea din ako sa mga products ng ibang company.

By the way, napadaan sa FB feed ko. Insular Prime Care. Term insurance for health. What do you think?

Plan   Monthly Allowance   Coverage
Plan 20   Php 20,000   Php 720,000
Plan 30   Php 30,000   Php 1,080,000
Plan 50   Php 50,000   Php 1,800,000
Plan 100   Php 100,000   Php 3,600,000

[Rory_Lorelie_Gilmore]

brandi thanks Sis! Aralin ko maige mga policies nyo, as much as possible gusto ko muna sana tag 1 kami ng Husband ko na kumpleto na coverage.

Nabalitaan nyo ba yung babaeng naaksidente sa MRT, naisip ko agad kung insured sya maski papano less worries sa parents kasi bread winner daw and may edad na magulang solo pa anak, naikabit daw yung braso ng Makati Med Surgeons, thank God, at tutulungan ng MRT sila sa finances, pero matagal tagal rehabilitation. Dito papasok ang importance ng insurance. Sorry OT.

[brandi]

Sis gypske nakita ko nga yan before eto yung sample nung akin renewable till 69 to and premium increases every year.

The initial premium for your desired plan based on an annual payment mode is

P27,824.00
Prime Care is a yearly renewable term plan until age 69. Premiums for the following years may change based on the attained age of the insured.

Parang di practical for me, mas prefer ko yung hassle free di renew ng renew and pang matagal sana.

Nagpa quote ako flexiprotect with CIB rider, na realize ko, renew mo din yun every 5 years mas tataas pa yung babayadan kaya baka I'll get the healthmax na lang talaga.

Finally nalilinawan na ako ano gusto ko haha.

Oo nga sis rory naisip ko din yan nung nabasa ko kanina sa facebook.