Anong insurance ang kinuha nyo?

[brandi]

Sis morningdivabeam, mag BTID ka na nga lang kasi sayang talaga kung VUL mo lang haha. #realizations

Sis rory, wala pa ako masyado alam sa philam. Feeling ko nga pinag adya ni Lord eh. Kasi naghahanap nga ako. Nag deposit kasi ako sa bank and saw an AXA booth so sabi ko pa email ng mga sample policies na may computation na. Tapos yun nga nakita ko, babalikan ko siya to further discuss it with her. In the meantime, magbabasa basa pa din ako baka may makita ako na better pero this one is good nga tignan natin..

[morningdivabeam]

Sis morningdivabeam, mag BTID ka na nga lang kasi sayang talaga kung VUL mo lang haha. #realizations

yah. tapusin ko lang [textspeak!] pagiipon ko for my emergency fund then gora na ko ulit sa stocks and MF. Pero nagtitingin tingin na din ako ng insurance kasi madami pa akong hindi alam.  Lalo na [textspeak!] term. Parang ang hirap magpaquote non lalo na kung makulit ang FA. Ipupush ang VUL till kingdom come. xD

[brandi]

^so true haha. Kaya kung wala ka talaga idea, nako, ma sales talk ka talaga.

[poetrytoprose]

^^ tama kayo sis, some F.As ipipilit talaga ang VUL kahit di naman yun yung tamang panga-ngailangan. Admittedly, F.A din ako, pero it's not my fulltime job doing it for love of finance. As much as I can, I don't push products kung di naman kailangan kasi ayaw ko din naman ng pushy salesperson. HAHAHA. DYou need to find a trusted F.A kung may friend kayo na F.A I suggest go to go with them. Best din to compare products first bago mag buy.

Insurance ko for health AXA, had VULs for Sunlife and Manulife. MF ko under PhilEquity. Stocks with COL.

Suggest ko, go for term insurance if you have other investment wheel na like MF or Stocks. Pero may reason naman why VUL is okay din, kasi it's actually parang buy 1 take 1. You're allocating a fund for investment and protection. But then again depende sa need yon.

[Rory_Lorelie_Gilmore]

Hays God bless you mga Sis, salamat at di kayo nagsasawa mag-share ng knowledge and experiences nyo. Sarap basahin ng mga advises nyo nagigets ko yung BTID and natutuwa din ako sa Insurance with VUL component. At least sa July pa ang uwe namin lots of time pa to do our research.

[ANJFinally]

sis brandi gusto ko yang shared details mo about sa AXA Flexi Protect. And agree sis Rory, kaya very lucky tayo here sa thread kasi merong mga honest FAs dito that we can trust about this kind of discussion para mas ma enlighten lahat, lalo na tayong mga ofws.

I watched 1 video of Vince Rapisura sa facebook, he said kasi na mas recommended nya ang term insurance sa mga NAGSISIMULA palang, that's why mas check sakanya ang BTID. Yung VUL daw kasi is mahal and mas malaki talaga ang commission ng agents nila once may mag sign na client.

I checked the comment box, akala ko may matututunan ako, kaso puro violent reaction from FAs ang nabasa ko. Nakakalungkot. Some commented na may nega side din daw ang Term, meron ding nagsabi na in the long run mas mahal din ang Term, that's why they're promoting VULs.

I hope someone can explain the simplified pros and cons of both insurances here sa thread, para mas malinawan tayong mga layman.

[brandi]

^naisip ko din yan sis baka mas mapapamahal pag term pag tagal pero nung compute ko parang hindi naman. I'm paying 40k annually for a VUL for 5 years na. Oag nakikita ko anniversary statement, hindi naman ganoon kalaki yung kinita na parang hello, yung kinita ko sa investment part ng VUL eh kaya ko kitain in just a few months so parang nanghinayang talaga ako kaya lang andyan na siya at naka 5 years na ako so hintayin ko na lang mag mature. Sa term, I will only pay 12k annually tapos after 5 years, nasa 1k lang ang increase ng premium annually pa din pag ni renew ko so hindi siya ganun ka bigat. I am already in stock market and I also have mf and uitf sa ngayon so I really do not see the need to get another VUL. But given a chance to turn back time and I am not in a hurry to get 1, feeling ko hindi talaga ako mag VUL. 😂

[khaleeesi]

Hi po. I'm new in this thread. 21 years old, single, living with parents here in UAE. Ask ko lang po kung pwede ko po bang ikuha ng separate health insurances and/or VUL yung parents ko (nang di nila alam)? I kinda wanted it to be a surprise gift sa kanila pag-uwi ng Pilipinas next year. Maganda din po sana kung VUL para mapag-ipunan ko din sila ng retirement fund although nag-iipon din sila kahit papano para don. They're both in their mid 40s btw so I think may time pa naman. What do you think po?

I just recently started working and earning and so far may emergency fund and investment plans na rin po ko pag-uwi. Gusto ko lang din mag-ipon para sa kanila.

TIA

[Rory_Lorelie_Gilmore]

Haha sorry pa-rant lang, pero nakaka-off mga FA na kausap ko, parang kapag directly ko sinasabi yung gusto kong package, which is term/traditional nga di na sila masyado interested or di na sumasagot agad-agad. Parang ako pa yung naghahabol at nangungulit. Haha, money talks! 

[poetrytoprose]

Hi po. I'm new in this thread. 21 years old, single, living with parents here in UAE. Ask ko lang po kung pwede ko po bang ikuha ng separate health insurances and/or VUL yung parents ko (nang di nila alam)? I kinda wanted it to be a surprise gift sa kanila pag-uwi ng Pilipinas next year. Maganda din po sana kung VUL para mapag-ipunan ko din sila ng retirement fund although nag-iipon din sila kahit papano para don. They're both in their mid 40s btw so I think may time pa naman. What do you think po?

I just recently started working and earning and so far may emergency fund and investment plans na rin po ko pag-uwi. Gusto ko lang din mag-ipon para sa kanila.

TIA

Magkano budget mo? Kasi they are old na. I'd say you get term insurance kasi expensive na siya to be honest.

Always start with Emergency fund. Bakit? Kasi these are liquidated funds. Kung may kailangan kayo diyan kayo kukuha. Try to build it first before investing.

GOOD JOB SIS FOR BEING INTERESTED IN INVESTMENT! I started my first investment din when I was 21 years old. VUL is good for the likes of you kasi mura pa insurance and your investment has a long way to go. Importante kasi na if you are bread winner, dapat may insurance ka to keep your family protected din.

Go read more books din. I suggest.

Others might wonder why I would suggest VUL for youngsters. Una it's a buy 1 take 1. You are protected and at the same time you are investing (get a critical illness rider na rin). Your VUL has a long way to go, assuming you start at 21, you can stop paying after 10 years (31 ka na by then). VUL will take care of your premium. You can open another investment by then kunyari mutual funds etc., para di mo na kailangan bumili ng insurance by that age kasi taken care na ng VUL mo na pinurchase mo nun 21 years old ka.

I hope it made sense. But do your research din para makakuha ka ng mas magandang perspective.

[poetrytoprose]

Haha sorry pa-rant lang, pero nakaka-off mga FA na kausap ko, parang kapag directly ko sinasabi yung gusto kong package, which is term/traditional nga di na sila masyado interested or di na sumasagot agad-agad. Parang ako pa yung naghahabol at nangungulit. Haha, money talks! 

I understand you, sis. Kung ito yung mga F.A mo wag mo na kausapin kasi they are only after earning not really taking care of your finances.

In choosing your F.As sobrang importante na they care about you too kasi you also paid for their service.

[Rory_Lorelie_Gilmore]

poetrytoprose yes Sis thanks, I agree, dibale di nako mag follow up, hahanap nalang ako uli ng iba, nung nanotice nila na nagkakaron nako ng idea (thanks to all of you) at alam ko na ano gusto ko and andito pa naman ako sa abroad so matagal pako makaka-sign, nagsilaho na sila. Goodness! 

[gypske]

sis Rory update sa Philam Life term insurance & Axa:

Plan Guardian 65 w/ riders
Sum Assured: 1M
Accident & Health - 1M
Medical reimbursement - 100k
20yr Lifeline (critical illness )

Pay only to 21k for 20yrs.

After 20yrs terminated ang Lifeline but STILL covered up to 65 yrs old.
May cash values but bear in mind if you opt to get it, terminated na nag policy.

AXA Flexiprotect

12k premium = 2.7M


Age 36 - male (si kuya hinahanapan ko)

[brandi]

^sis pwede pa elaborate more? Yung sa philam ano name ng product? Thank you!
Mukhang okay din Insular. Sa net worth and assets last year number 2 siya number philam. Palitan lang axa sunlife pru life pero sobrang layo ng value ng sinundan after insular.

[Rory_Lorelie_Gilmore]

^ Sis kay Philam Plan Guardian 65 at ayung name kasi nakatanggap din ako proposal Guadian 50 naman.

Sa Philam yung 20yr Lifeline (critical illness) - magkano value? Yun na ba yung Medical reimbursement - 100k?

Ayos yung AXA Flexiprotect laki ng face amount - 12k premium = 2.7M - do you have more details Sis gypske? TIA 

[brandi]

^sige nga check ko products ng philam.

Sis yung flexiprotect ang binibigay nga sakin 4M di ba, 12k lang annual premium. I'm 30 non smoker btw.

[gypske]

Sis Rory at sis brandi:

Age 36 - Male

Philam Guardian - ito yung product -  up to age 85.

Pero nagrequest ako if pwede may Critical Illness na rider - ginawang Philam Guardian 65. Dapat regular pay ito pero dahil sabi ni agent na konti lang diperensya sa premium, ginawa nyang 20year pay na lang (para di tamarin at mahirapan magbayad)

Main product:
Philam Guardian 65 - 1M (coverage up to 65) 9,700

Riders:
Accident & Health - 1M - 2170
with Medical reimbursement - 100k - 1316.47
20YR Lifeline - 1M (terminates after 20 years) - 8550
Waiver of premium - 140

Total - 21,876.47 - for 20 years

NOT renewable after 65.


AXA Flexiprotect

2.7M coverage - 12,090

Riders:
CIB - 1M - 5,160
Waiver of premium - 1,107

Total - 18,336 every year for 5 years (increases every 5 years)


sis brandi, parang ang laki ng difference ng 4m to 2.7M sa difference na 6 years age gap (naisip ko lang). :p


Naghahanap din ako ng sa Insular. I think sila may pinakamurang insurance cost.

[brandi]

^sis wala pa riders yung 4M, face amount lang yun. Pinagawan ko nga din parents ko ng proposal same age sila. Sabi ko baka nagkamali sa male, sobrang layo ng difference from my mom yung premium. High risk daw kasi ang male kesa female kaya mas mahal daw talaga pag male. Going back, kung lalagyan ko riders, adjust ko face amount para halos ganon pa din pay ko annually. Super ok sana tong flexiprotect kasi hindi sobrang laki ng increase ng premium kapag ni renew ko every 5 years. Kaso napaisip lang ako. Maikli na din naman kasi ang life span natin because if what we eat, activities, etc. pero what if I'd go beyond that age, parang nasayangan naman ko. So at age 65 hanap ako ng another product siyempre sobrang mahal na ng premium sa ganong age. 😂

[Rory_Lorelie_Gilmore]

Thanks mga Sis!

Yun nga naiisip ko parang kung term na ganyan, mas magmamahal talaga as we age, tapos kung mag end coverage ng 65 or after 20 yrs, parang saktong sakto naman ata by then maglalabasan mga sakit sakit. Sayang yung critical illness na rider. Ano kaya magandang option pa? Mukang mauuwe sa term insurance na 10 yrs to pay pero mataas ang annual.

[ikaela]

^The Critical Illness insurance is meant to protect you and cover you in case you get sick during your income-earning years. Yes, the definitions of the various critical illnesses are very limiting, but if you do get sick and your sickness falls into their narrow category, you don't have dip into your savings to treat yourself. If you get a large enough coverage, you could also take time off to heal and recover without worrying about having to work and earn money for you and your family. As you may know, medical expenses is one of if not the top reason why people go bankrupt.

I can't be bothered to find the study now, but critical illness insurance claims have been rising compared to death claims. Because of advancements in medicine, more and more people are surviving their injuries and illnesses instead of dying from them.

Critical Illness insurance is not meant to pay for your health care in your twilight years. A dedicated health insurance or a separate investment should do that for you.

If you find it cumbersome to pay for Critical Illness insurance, you can buy coverage for maybe 10 years while saving up your own medical fund at the same time. Then cancel your Critical Illness insurance when your medical fund exceeds its coverage.