Anong insurance ang kinuha nyo?

[Rory_Lorelie_Gilmore]

ikaela thanks you Sis, very informative. 

[abalon95]

Hi sisses, I enjoy reading this thread, ang educational. Gusto ko rin magapply for an insurance policy. May mga questions lang ako.
What if ang kinuha ko is VUL and 10 years minimum, ok lang ba na magmiss ng 1-2 months? Pano pag inabot ng year?
Pano pag naisipan ko after 5 years na iwiwithdraw ko na lahat, makukuha ko ba yung lahat ng binayad ko less the withdrawal charge?
Or kung nakaabot naman ng 20 years, pwede ko ba iwithdraw lahat ng nabayad ko na? If that will be the case, end na [textspeak!] insurance ko nun?

Thank you in advance!

[ning kuting]

^Hi sis, I'm from Pru Life UK so my answers are specific to this company but generally VUL products work the same way.

Yes, pwede kang mag-take ng premium holiday. Enforced pa rin ang policy mo as long as may fund value pa. During a training, the speaker mentioned na may former officemate sya who stopped paying his premium after 3 years. Dahil maganda naman yung performance ng fund, umabot ng 12 years until nag-lapse yung policy. But please note na this scenario is not applicable to all.

Yes, pwede ka mag-withdraw but again, pag 0 na yung fund value mo, the policy will lapse. Pwede ka namang magtabi ng small amount, say 100k. Makukuha pa rin ng beneficiaries mo yung buong sum assured. Bantayan mo lang if enough pa yung natira to cover yung charges.

Makukuha mo ba lahat ng binayad mo? Pwede. Pwedeng hindi. The answer will depend on several factors:

1. Time of withdrawal: if matagal na yung fund mo, say 10-15 years then malaki ang chance na bawi na sya but that would  also depend on the second factor

2. Type of investment: low risk Investments like bond funds offer low returns so syempre pag yan ang pinili mo tapos mag withdraw ka agad in 5 years, honestly, medyo malabo to get all the premiums you paid

3. Type of product: may mga VUL products si Pru Life UK  na mataas agad ang fund allocation kaya mabilis ang pagtaas ng fund value. I tried to run this particular product for a friend and in 5 years time, it is projected that mababawi na yung premiums nya. Ang catch, mataas ang minimum annual premium sa product line na ito. VUL products are getting more and more competitive.

If you only want limited number of years for insurance, say 15 years, then you can opt for term insurance pero definitely the policy will not be able to give back the premiums you paid.

Depends on your needs, budget, and strategy talaga. VUL can give you the option of a premium holiday lalo na kung biglang mawala ang work at di muna kayang magbayad ng premium, the fund value can cushion your insurance expenses. You can also get all the premium you paid through the fund value. Term naman is cheaper but once you stop paying, your policy will automatically lapse. But if you will invest in a mutual fund or UITF, gaya ng ginagawa ng ibang mga sis natin, there's also a chance na mabawi ng gains mo yung insurance premium mo. As long as disciplined ka at continuous ang flow ng fund for investment.

[Rory_Lorelie_Gilmore]

^Sis, san ka banda sa Pinas? Interested ako kumuha ng insurance for my Husband paguwe namin next year.

[ning kuting]

^Metro Manila, sis. Nag-PM na din ako ng contact info ko just in case you want to get in touch.

[brandi]

^ sis thank you sa email!

[wowry]

1. Ano po ang insurance na kinuha nyo?
Pru Life UK PruLink Assurance Account Plus (regular pay VUL)
2. Magkano ang face amount?Ilang years to pay?
1M, life pay
3. Magkano ang premium?
37,732 annual premium
4. Ano po ang additional benefits?
Critical Illness: 700k
Total and Permanent Disability: 700k
Accident and Disablement: 1M
Surgical Reimbursement: 15k
Daily Hospital Income Benefit: 1000/day
Waiver of Premium for Total and Permanent Disability and Critical Illness
Loyalty Bonus- 10% of annual premium on the 11th-20th years.
Why regular/life pay VUL not limited pay? Cheaper premium with higher coverage, you are not limited to save specially when you are young kasi if I chose 10 years lang then when I am done and wants to get another one, i might not be insurable that time and in case of critical illness/disability, future premiums will be waived din and not limited for just a few years.
5. Ilang years kayong covered?
insured till age 100
6. Reason kung bakit yun ang kinuha nyong insurance?
income protection and forced savings na rin

[Rory_Lorelie_Gilmore]

3 months away from our vacation sa Pinas, can't believe ganito ako kaexcited to get an insurance policy for me and my Husband hehe. We've decided to get a term insurance (probably Guardian 65) from Philam Life. At fist plano ko sana ikuha sya sa iba like Pru Life or AXA, kaso malas ko ata sa Agents, parang ako pa lagi naghahabol, whereas yung sa Philam, kakilala ko personally and very Professional not to mention we find Philam very reliable/stable naman.

I listened very well sa mga tips here and decided to get a term insurance without a VUL component. Yung Guardian 65 is to be paid for 20 yrs pero covered until 65 yrs old. Im asking the Agent kung meron payable lang ng 10 yrs. Im sure mas malaki premium, pero lets see, nasa 20k ang premium so far ng policy, 1m coverage sa death and accident, iclarify ko pa yung sa critical illness lifeline kasi ang nakalagay and hospitalization benefits nag range sa 500k dunno if pareho yun sa Critical illness. I think this is fine for us muna, mahalaga samin covered kami, since 1st policy palang namin ito and we decided to steer clear sa may VUL component para di overwhelming yung lifetime payment scheme and masyadong malaking premium. We will invest nalang on our own.

[mrs.jack sparrow]

Pru 1M coverage for 48k per annum I got this when i was 33 years old and another with Pru also for 10M coverage with 160k per annum which i got when i was 35.
Masuwertr those who got theirs early on. I am not really into these things until I realize my kids are getting bigger

[reivee]

Hi Sis Rory! I pm?d you. :-)

[Rory_Lorelie_Gilmore]

^Hi Sis! Wala akong natanggap na PM.

[reivee]

^Ay sorry sis di pala nasend sa yo. Ayan please check again. 

[crzysxycl]

Hi! Monthly dinedebit from my account yung sa PRU namin ni hubby. Napansin ko, yung akin lang yung nakaltas, yung kanya hindi. Kulang na pala yung laman ng account ko. May naka experience na rin ba nito sa inyo? What did you do? Tia!

[wowry]

^no worries sis as soon as magkalaman naman ang account madedebit din yan so no need to do anything.

[crzysxycl]

^thank you sis. nice to know. buti nalang kasi nag worry ako baka mag lapse or something haha.

[Micca23]

For me sis nagavail ako sa https://mariahealth.ph Right now kasi many employees nowadays are very conscious of the fringe benefits they?re getting. To some people, it even makes up their decision on where to work that's why it is very important to have a sense of security in case you get sick or hospitalized. When i research what benefits i get to choose for a healthcard i saw this link https://mariahealth.ph you can easily compare what are the top healthcare and you can easily shop right after. You can choose from a range prepaid health cards, pay how its most convenient for you and get delivered. Just simple no hassle free.

[lizamanzano123]

For me sis nagavail ako sa https://mariahealth.ph Right now kasi many employees nowadays are very conscious of the fringe benefits they?re getting. To some people, it even makes up their decision on where to work that's why it is very important to have a sense of security in case you get sick or hospitalized. When i research what benefits i get to choose for a healthcard i saw this link https://mariahealth.ph you can easily compare what are the top healthcare and you can easily shop right after. You can choose from a range prepaid health cards, pay how its most convenient for you and get delivered. Just simple no hassle free.

I check the link https://mariahealth.ph once i saw your comment, they have a 5% discount when i use PayMaya card for prepad health plans. Promo is until July 31, 2018 only.

[Rory_Lorelie_Gilmore]

Any FWD Insurance Policy Holders here?

[Shadow Angel]

So far eto insurance na meron kami:

-life insurance for hubby
-house insurance including gamit sa house
-car insurance
-dental insurance

[Rory_Lorelie_Gilmore]

Philam Life -  Guardian 65 - Term Insurance (non VUL)

Coverage - until 65 yrs old
Payment - until 65 y/o

Guardian 65 (death) - 2,000,000.00   
Accident and Health (A&H) -  2,000,000.00
With Medical Reimbursement (MR) - 100,000.00   
Waiver of Premium Plus (WP+)   
Lifeline to Age 65 (LL65) (Critical illness) - 800,000.00
Annual premium - 24,634.47

What do you think mga Sis/Bro? Pwede naman pababain yung premium. 1m lang face amount and 400k sa CI rider. Na-cater naman lahat ng needs namin, pero hinde ba mahal para sa term? Nakakahinayang halos 30 yrs to pay din. Please advise, THANK YOU!