Anong insurance ang kinuha nyo?

[naizlabonita]

I got Pioneer Insurance kasi maka Masa ang premium when I was 26. 29 na ako now.

VUL - Life Insurance with Investment: Pioneer ENHANCE
Face Amount 1.4M
Monthly Premium: 1K

Then after a year I got Sunlife. Life and investment with Critical Illness benefit.
Face Amount 1M
Lump Sum: 500K
Monthly Premium: 2.5K

I read sa isang post sa FB na hindi daw advisable ang kumuha ng VUL. Hindi naman daw kasi ganun kalaki ang Fund value at taxable kapag winithdraw. I guess, it all depends kasi sa policy na nkuha mo..or sa needs mo at sa preference ng tao saka sa market. Sabi nga eh yung Insurance, Life insurance talaga siya added benefit talaga yung sa Investment at long term talaga siya. Sabi din ng ibang financial adviser, pinaka last resort mo dapat yung VUL mo, kukuha ka lang dun kung talagang wala ka na talaga. Pero kung dun ka lang magdedepend para sa investment mo eh talagang walang mang yayare. If you really want to invest sa mga MF, UITF, STOCKs or BUSINESS ka mag invest ng todo para kita mo talagang gumagalaw pera mo at pede mo macontrol.

Pero iba pa din ang handa ka sa dulo, lalo yung mga taong maiiwan mo kaya kumuha pa din ako ng Life insurance bonus nalang [textspeak!] Investment.

[fahsitive]

I have Sun FlexiLink and Sun MaxiLink Bright.

[unicorn_ChicMD]

PruLife

[swim_fatale]

AXA samin ni hubby. Term insurance lang kasi di ko type VUL. May critical conditions rider yung samin kasi alam nyo naman sa panahon ngayon, bawal magkasakit, haha. 8,100 quarterly ang premium namin, for both of us na yun. 3.5M yung insured amount for each of us.

[fionaapple]

any advice on what type of insurance to get for my mom? she is about to turn 60 in a few months. she used to abhor the idea of getting insurance coverage but has just realized she wants to get one.

she wants to have critical illness coverage and/or riders for medical stuff. she will also be needing it for estate tax purposes. she wont need a lot of money to leave for her loved ones. just critical illness "protection"/ coverage and/or money to pay for estate taxes.

1. what kind of insurance would you advice?

2. if spvul, what is the cheapest spvul in the market?

3. if vul, what kind can she avail of given her age?

[nocturnalnerd]

Anyone here na kumuha sa AXA? Para kasing maganda sya pero di ko na tanda yung full details.

[D4thAngel]

@fionaapple
1. would advice to get a whole life/permanent  life insurance. This is the insurance that will cover her until age 100, for the purpose of estate planning. Term insurance usually covers until 75 lang, so after that no more na.

2. cheapest SPVul i know is P50k, with P62.5k life coverage.

3. at her age, she can avail any between 1-Regular pay (higher coverage, with regular payments usually min 5 years, ideal for estate planning), or 2- SPVul (ideal for estate reduction or pamana, she would still be the owner)

Critical illness can be added as a rider to Regular Pay Vul or Traditional Insurance, pero will cover her until 70's lang. May mga health insurance din naman na available sa age nya, pero once approved,  renewable until 99yrs old na.

[lyrahs]

Sun Flexilink for my and may hubs na may critical illness and accidental death and dismemberment riders. 1M ang face value

[izabelle]

I don't remember the exact names but we have 3 (each of us: me, hubby and 5yr old daughter).

1. PruLife with critical illness.
2. Sunlife
3. Sunlife for critical illness as well.

[geraldita03]

I'm 25 yrs old and i got the Health Invest Plus ng Philam Life. Basic Life Insurance coverage is 580k. Accident and Health is 300k. Early stage critical illness is 200k. Daily Hospital Income benefit is 1k. ICU benefit 2k. Surgical allowance benefit is 20k. Monthly payment is 2670.26 and annually is 32k plus. If wala naman manyari sa akin, it will be my retirement fund na. planning to get another insurance like Money Works naman ng Philam.

[bluish_mommy]

I read sa isang post sa FB na hindi daw advisable ang kumuha ng VUL. Hindi naman daw kasi ganun kalaki ang Fund value at taxable kapag winithdraw.

it's non-taxable as long as non-revocable ang declared for the beneficiaries. VUL is not meant for short term, pang-long term talaga sya. kaya kung wi-withdrawhan lang nya palagi, maling product ang kinuha nya.

[fionaapple]

@fionaapple
1. would advice to get a whole life/permanent  life insurance. This is the insurance that will cover her until age 100, for the purpose of estate planning. Term insurance usually covers until 75 lang, so after that no more na.

2. cheapest SPVul i know is P50k, with P62.5k life coverage.

3. at her age, she can avail any between 1-Regular pay (higher coverage, with regular payments usually min 5 years, ideal for estate planning), or 2- SPVul (ideal for estate reduction or pamana, she would still be the owner)

Critical illness can be added as a rider to Regular Pay Vul or Traditional Insurance, pero will cover her until 70's lang. May mga health insurance din naman na available sa age nya, pero once approved,  renewable until 99yrs old na.

thank you D4thAngel. based on your suggestion, I considered 2 types. the whole life insurance and regular pay VUL. I have decided on getting a Regular Pay VUL for my mother without critical illness rider. I would have preferred the whole life insurance. but since my mother does not have a lot of paper investments, i decided that a VUL would be better considering that she does not like to manage her own investments.

a VUL, being an insurance and invsestment package in one product, would suit her considering that she is a person who does not like to learn about paper investing. mahirap na kasi turuan.  a couple of years ago, upon my prodding, she opened a COL Financial account  but she asked me to manage it for her. she is the type of person na better mag avail ng VUL than to do BTID.

[geraldita03]

sinong philam advisor dito? may i ask?

may health investment plus ba na 2k lang monthly? thank you sa sasagot!

[Miss Granger]

hi, whats the best plan should i get? here are my considerations:

for health
emergency fund
educ plan
retirement

[janachen]

Dapat may  emergency fund ka muna sis before ka kumuha ng mga life insurance.

1. Educational Plan
- Kumuha ako ng mutual fund instead of educational plan for my daughter.(Sunlife)

2. Retirement
-I have my sunlife and prulife tapos kukuha ako ng MF sa PAMI

3. Health
-I have caritas. Kaso daming negative feedback sa kanila kaya I wont recommend this company

[geraldita03]

1. Ano po ang insurance na kinuha nyo?
Philam Health Invest Plus
2. Magkano ang face amount?Ilang years to pay?
580k, 10 years to pay
3. Magkano ang premium?
28,453 annual premium
4. Ano po ang additional benefits?
Accident and Health: 200k
with Medical Reimbursement: 20k
Early Stage Critical Illness: 200k
Daily Hospital Income Benefit: 1000
Waiver of Premium for Critical Illness
5. Ilang years kayong covered?
insured till age 100
6. Reason kung bakit yun ang kinuha nyong insurance?
although i am young, i just want to have retirement fund na plus magagamit siya in the future yung fund sa business or any other investments

i'm planning to invest in mutual fund also soon pag may enough ipon na. sa PAMI naman or Sun life.

[D4thAngel]

hi, whats the best plan should i get? here are my considerations:

Suggestions lang sis:

for health - hmo, health insurance.
emergency fund - definitely banks, for easy access and liquidity,  at least equivalent to your 6 months salary, kung mawalan ng work, you can still sustain yourself for a time.
educ plan/ retirement - kung matagal pa to, at least 5 years, invest in Stock Market, but if you dont have time to learn, let somebody manage it for you in the form of UITF or Mutual Funds, or VUL (insurance). May program din ang govt for retirement in the form of PERA. I think may thread dito.

The best plan will always depend on your current status.  I must say parents and breadwinners should prioritize their emergency funds and insurance (life, accident, health). Insurance will replace loss of income in case these unexpected events happen.

[bluish_mommy]

Dapat may  emergency fund ka muna sis before ka kumuha ng mga life insurance.

ideally yes, but not necessarily. you can do this in parallel, habang bini-build up mo ang emergency fund mo, you can also start saving thru your VUL. imagine may nangyari sa iyo at hindi mo pa nabuo ang emergency fund, so papaano ang maiiwan na umaasa pa sa breadwinner? ang life insurance for me is something like a "yaman" na hindi pa nagmamaterialized.  tsaka pag pinagpaliban mo ang pagsa-save thru insurance, mas mahal na ang premium, especially kung may health factor na involved.

[brandi]

^agree with this. Ideally, you should have your emergency fund first. Kanya kanya diskarte as long as alam mo goal mo. I got my first insurance in the form of VUL when I was 25. At that time, di naman ganoon kalaki kinikita ko and I travel a lot. So I'm building my emergency fund the same time I am paying my insurance quarterly (2M face amount, 8k quarterly, what if I got this too late taas na premium). I feel that if I will build my EF first, I will be delaying the time na insured na ako dapat plus the older you get, higher premiums. So far ok naman. I already got the EF that I wanted, continuously setting aside for it pa ein monthly. My VUL is on its 5th year na and I am planning to get a separate term insurance and MF na din next year. Feeling ko, as I get old, andami ko kinukuha and binabayadan monthly pero naging motivation ko din siya to work well. Plus I recently got my first real estate property na din. Hopefully I will be able to pay it in 5 years time instead of 10 para maging self liquidating asset na siya. Sorry OT. 😁

[bluish_mommy]

^most people kasi they treat insurances kasi as "bayarin" rather than "investments". ayaw nila kumuha kasi ayaw nila "magbayad",  pero what they don't realize is that they are actually saving/investing.

pag nagdu-due na ang premium ng insurances ko, I always tell myself "it's time to invest/save again".

Also, for the others, once kumuha na ng 1M or 2M nakukuntento na minsan. dapat as you acquire assets and as you add more obligations and responsibilities like having a family, having kids, etc., dapat lalakihan mo rin dapat ang coverage mo. papaano kung pinako mo lang sa 1M ang coverage mo tapos naging 3 ng anak mo, this wouldn't be sufficient for them, tapos may property ka pa na kailangan ng estate tax, wala ng natira sa 1M.