Anong insurance ang kinuha nyo?

[D4thAngel]

Mga sis anong ok na insurance if you live outside PH?  Yong insurance+investment? Any idea thanks.

Most insurance companies offer VUL (Variable Universal Life), yes sis it's insurance with investment component. A portion of your payment is used to buy investment units, a portion is used to pay for your insurance coverage.Your investments would depend on your risk tolerance, you may want to invest in bonds, stock market(equity funds), or combination of both, handled by investment managers. You may use this as your savings for your long term need(ex- retirement) with the benefit of having a guaranteed amount for your family in case of unexpected demise.

[sublime1]

If you live outside PH, mas ok nga sis yung VUL. Kasi you can control din the investment / insurance ratio, in proportion sa kung ano kaya mong iinvest. More on investment and death benefit ang purpose ng VUL nyo if sa ibang bansa naka'base, not much on other riders like hospitalization, etc. Though case to case basis talaga.

Please note that the VUL investment na kukunin nyo, should really be customized depending on your needs. Kaya its really advisable talaga to set a meeting with a financial advisor before you invest in VUL.

[D4thAngel]

I'd like to remind OFW's, please sign within Philippines only or if outside PH, have the docs consularized, otherwise contract is void, meaning you will not get any benefit.

[zhairen]

Got pru life's exact protect 10. Any feedback sisses? Tanong ko na rin pala kung pwede ko istop yung payment ko dito and kung sakali ba may makukuha akong cash surrender value man lang? 2 yrs na rin yung account ko. Tia!

Hi sis! Bakit mo pala iwiwithdraw yung money mo? If I were your agent, I would ask you again the reason why you get the policy. It must be for your long term investment and your protection. Yes, you can withdraw your money but if you still want to continue your policy, leave at least P20-40K so that your policy is still in force. If you really would like to close it, you can withdraw the fund value (but I'll tell you, you cannot see yet its maturity, minus the surrender charges pa). Reminder, always go back to the reason whyyou started it in the first place.

[SARAHnghae]

hi sissies! my mom is planning to get an insurance (Manulife Flexisure) for her and my brother. My brother is already 21 y/o. She wants to get an insurance for him kasi my brother is like the black sheep of our family, di daw niya alam kung ano magiging buhay ng kapatid ko in the future kaya gusto niya kunan ng insurance. my question is, is this a good financial decision?

bukod sa insurance for my brother, she'll also get her own, same din yung manulife flexisure. she's an OFW. sis D4thAngel, worried ako sa sinabi mo about the contract being void.

gusto ko sana imeet yung agent na kausap niya para ma-explain saken yung insurance. thru fb chat lang kasi sila nag uusap nung agent. for me kasi its a big financial decision and ayokong masayang lang kaya gusto ko pag-aralan muna.

[SARAHnghae]

^ to add lang. my mom is already 45 yo. from what i understood, yung manulife flexisure is a VUL. ano po kayang mas maganda insurance na kunin niya? VUL or whole life insurance?
TIA!

[D4thAngel]

^ to add lang. my mom is already 45 yo. from what i understood, yung manulife flexisure is a VUL. ano po kayang mas maganda insurance na kunin niya? VUL or whole life insurance?
TIA!

Sis, VUL is whole life din naman. As long as may funds yung account, may insurance component pa din. Ok na kumuha si mother pero sana depende sa risk profile nya, kung aggressive or conservative investor sya. Sa VUL kasi, hindi guaranteed ang fund values (eto yung investment plus kinita ng investment) though guaranteed and death benefit. Kaya yung mga proposals ng VUL naka-base lang sa projected rates na 4% 8% at 10%. Projections lang to, kumbaga walang definite na amount na makukuha kundi naka-depend kung magkano kikitain ng investments, pwedeng bumaba pwedeng tumaas.  Ang mga VUL naman naka-invest sa magaganda at stable na companies na may history na ng productivity. Long-term investment ang VUL sis. You won't appreciate kung babawiin mo agad agad, dahil during the early years, hindi naman lahat ng hinulog mo ay naka-invest. A portion is used to pay insurance premium.

Kung gusto naman ni mother ng guaranteed funds, kunin nya yung mga traditional plans, meaning may cash surrender value, sa contract pa lang makikita na nya yung promised amount sa kanya once na mag-decide sya na kunin in the future and contributions nya.

Yes, all papers should be signed sa Philippines kung saan valid ang license ni advisor. Kung abroad, dapat ipa-consularized. Alam po ng bawat advisor yan.

[SARAHnghae]

Thanks sis D4thAngel!  nagulat lang ako kasi sabi ni mother magstart na daw siya agad agad this month. walang nabanggit na process about sa docs. will ask her na lang. thanks for the advice

[ikaela]

SARAHnghae: wow, swerte ng brother mo ha. Kung sino pa yung black sheep.

So what your mom wants is may pagkukuhanan ng pera ang brother mo, is that right? (How lucky!). A VUL is okay for this, but expect that you will only see any growth on your invested money in the 7th year and up. If the VUL is invested in an aggressive fund, expect that there will be years that the fund will have negative or zero value (so no money for your brother). Kung sa conservative fund naman, expect that the growth will be so little that it might not be worth it to withdraw.

If what your mom wants is that your brother will have money only after she passes away, then good, that means you won't be needing to touch the VUL at all and can leave it to grow. Double-check if the VUL policy has your mom listed as the policy owner and that your brother is the one insured. This way, your mom is the only one who can withdraw funds from the VUL, and the insurance cost will be lower since your brother is younger.

If what your mom wants is for your brother to regularly receive money even after her death (again, how lucky), then traditional whole life insurance is the better product. In this type of insurance, your brother will receive a set amount of money every year/2years/3years on the clock until his death. Wala na investment-investment na iintindihin. But because this insurance product is more secure/stable, it is also more expensive, and the growth over time is abysmal. One thing to also consider is inflation: 1M today will not be the same value as 1M fifty years from now.

[SARAHnghae]

sis ikaela, haha. yes, my mom wants to secure my brother's future. lam mo naman pag nanay, pinakaworried sila sa suwail na anak. lol

thanks sa advice ha, very informative. my question is, pwede pa kaya na yung mom ko ang policy owner then insured si brother, even if he's already 21 yo?
i've met with an axa agent and sakanila kasi sa pagkakaintindi ko may age limit yung ganung setup.

[janachen]

Mga sis,

Is it ok kung 2 ang VUL pero magkaiba na company?

Meron akong VUL at Mutual fund sa sunlife.

And I'm planning to open VUL sa prulifeUK. Any thoughts or suggestion?

Thanks!

[jnoble]

Hi janachen, yes i think it's okay to get different vul from different companies. I have 1 in Philam and 1 in Insular. Make sure lang na you know the purpose why you are getting those investments. Yung sakin kasi I got Philam kasi super taas ng coverage nya, so if I die too soon (wag naman hehe) malaki yung makukuha ng family. But if I live too long naman I will use my investment in Insular naman kasi ang focus nya is retirement fund. So very important na alam mo yung purpose so you can maximize the growth of your investment. Natutunan ko lang lahat yan nung nagattend ako ng free seminar sa work ni hubby, they are helping people to manage their finances.

[D4thAngel]

Mga sis,

Is it ok kung 2 ang VUL pero magkaiba na company?

Meron akong VUL at Mutual fund sa sunlife.

And I'm planning to open VUL sa prulifeUK. Any thoughts or suggestion?

Thanks!

Sis, what would be your reason kaya for getting another VUL? To increase life coverage, yes maganda ang VUL and would suggest lagyan mo na din ng critical illness rider kung wala ka pa just to protect your other investments from being depleted in case of critical illness. Kung pwede naman I-add ang rider sa existing VUL mo, mas ok.

Kung investment growth ang priority mo, mas ok na mag-top up ka na lang sa existing VUL at mutual funds mo to minimize charges, or try mo naman and ibang investments like UITF's and bonds. Baka gusto mo din aralin ang stock market and do the investing yourself.

In my case, I have my endowment plan for retirement (super tagal na kasi yun, hindi pa uso ang VUL), and later on pag nakuha ko na sya, plan ko ilagay sa single-pay VUL. I also have a life/critical illness insurance, and I invest in stock market via COL and BPI Trade via cost-averaging method, also for retirement and emergencies na din.

[janachen]

Purpose ko sana is magkaroon ng fund para sa pag aaral ng baby ko at the same time may critical illness. Sabi ng agent sakin nung nakita yung policy ko sa sunlife, mababa daw yung critical illness ko sa sunlife. SO medyo naconfuse ako kung dadagdagan ko ba ang critical illness dun sa new VUL ko or stick ako sa plan ko na mas malaki ang investment.

Anyway thanks sa mga replies sis. Pag aralan ko muna

[jnoble]

Hi sis, you may want to attend dun sa naattendan ko para mas malinawan ka din on how to manage your portfolio. They also conduct policy review so baka makatulong din sayo. Anyway that's for free naman. PM mo lang ako if you want.

[MoonshineLady]

i have sunlife maxilink prime. i took for me, hubby and 1 yr old baby. been paying for over a year na. sa mga meron nito okay po ba sya?

[ayi21]

Samin naman we avail ours from different insurance companies.. Sabi nga nila "don't put all your eggs in one basket". For my husband almost 5yrs na sya with Prulife and then mine is 3yrs with Sunlife and then just recently for our 2 kids we get naman AXA Life.

[Tea97]

Wala na bang nagbebenta ng whole of life na insurance? Parang mas gusto ko sya - kasi I got mine when I was much younger and fixed amount lang (between 10 to 18k) payable within a fixed period of time (10 years), and got coverage of P1m na. Tiniyaga ko bayaran yan while dalaga pa ako. Ngayon i have kids na, isip ko dagdagan yun face amount - not sure if I can do that without undergoing medical exam. 

[D4thAngel]

Wala na bang nagbebenta ng whole of life na insurance? Parang mas gusto ko sya - kasi I got mine when I was much younger and fixed amount lang (between 10 to 18k) payable within a fixed period of time (10 years), and got coverage of P1m na. Tiniyaga ko bayaran yan while dalaga pa ako. Ngayon i have kids na, isip ko dagdagan yun face amount - not sure if I can do that without undergoing medical exam. 

Sis, whole life insurance is still available, may option ka na lang if you want it traditional (may guaranteed returns) or variable (investment-linked).

[crzysxycl]

hi sisses. pwede ba ikuha ng insurance ang kids? for the sake lang na makapag ipon. may nag alok kasi sa akin ng manulife pero ang sabi nga morbid naman daw kung bata yung iinsure. medyo naguluhan lang ako kasi may kakilala rin ako na kinuha ng plan yung anak nya. pag bata syempre mas mura ang premium diba? pahingi naman insights nyo. thanks!