Anong insurance ang kinuha nyo?

[mysterioza_me]

Kung kaya din lang ng budget, may mga  stand alone permanent plan for critical illness. Eto yung babayaran mo lang ng ilang years, tapos covered ka na hanggang 100yrs old (that's why we call it permanent). Eto yung babalik yung mga binayad mo kung di ka magkakasakit, either during lifetime (because of the cash value), or in the form of death benefit (sa beneficiary ang bayad pag namatay).

Mas interested ako dito. Sana mas maraming details sa google and hindi confusing. Sa bandang huli kasi nalilito na ako kung ano ba talaga ang gusto ko.

Sis, kahit anong plan yung kuhanin mo, what's  important is you start your coverage while young and healthy. No one ever planned na magkasakit, it could stop your income, it could drain your savings and investments. Let a critical insurance plan serve its purpose.

I want to start this year na, I know medyo late na since mid-30?s na ako at ngayon ko pa lang ise-secure ang sarili ko. Naka-ready na ako for my retirement in the future pero madaling made-deplete ang savings and investments ko kung magkakasakit ako at hindi ako insured. Saka isa pa hindi natin alam pwede mangyari, baka bago pa ako magretire may mangyari na sa akin kawawa maiiwan ko.

Nagdadalawang-isip din kasi ako lumapit sa mga ahente kasi kadalasan ng nababasa ko puro vul ang ipinipilit na ioffer.

[Rory_Lorelie_Gilmore]

Kung kaya din lang ng budget, may mga  stand alone permanent plan for critical illness. Eto yung babayaran mo lang ng ilang years, tapos covered ka na hanggang 100yrs old (that's why we call it permanent). Eto yung babalik yung mga binayad mo kung di ka magkakasakit, either during lifetime (because of the cash value), or in the form of death benefit (sa beneficiary ang bayad pag namatay). D4thAngel, very informative, are you an FA? If I may ask?

[D4thAngel]

Mas interested ako dito. Sana mas maraming details sa google and hindi confusing. Sa bandang huli kasi nalilito na ako kung ano ba talaga ang gusto ko.

I want to start this year na, I know medyo late na since mid-30?s na ako at ngayon ko pa lang ise-secure ang sarili ko. Naka-ready na ako for my retirement in the future pero madaling made-deplete ang savings and investments ko kung magkakasakit ako at hindi ako insured. Saka isa pa hindi natin alam pwede mangyari, baka bago pa ako magretire may mangyari na sa akin kawawa maiiwan ko.

Nagdadalawang-isip din kasi ako lumapit sa mga ahente kasi kadalasan ng nababasa ko puro vul ang ipinipilit na ioffer.

Sis, if you prioritize health and agent would still push for a VUL, something must be wrong. Financial advisors know that the basic foundation of financial planning is a health insurance. May thread tayo dito ng critical illness plan. Makakapili ka dun. Ask for a quote, and weigh your options.

Kung kaya din lang ng budget, may mga  stand alone permanent plan for critical illness. Eto yung babayaran mo lang ng ilang years, tapos covered ka na hanggang 100yrs old (that's why we call it permanent). Eto yung babalik yung mga binayad mo kung di ka magkakasakit, either during lifetime (because of the cash value), or in the form of death benefit (sa beneficiary ang bayad pag namatay). D4thAngel, very informative, are you an FA? If I may ask?

Yes.

[Rory_Lorelie_Gilmore]

^Thanks, I'll PM you.

[mysterioza_me]

^^Thanks sis. Hahanapin ko yung thread.

[Ghell06]

Hi mga sis. Question. Mahal na ba tong VUL na to?

Sun MaxiLink Prime - Non-Smoker ------------- FACE AMOUNT: PHP 350,000.00

Critical Illness Benefit - CIB ------------- FACE AMOUNT: PHP 350,000.00

Total Annual Payment is PHP 16,285.50.

[janachen]

Mababa sis, pero its up to you.  Sa budget mo rin kasi yan

[mysterioza_me]

^^Too low ang CIB sis, pero depende talaga sa budget mo

[bantz328]

I got 2 plans from Sunlife, one for myself and another for my son.
I'm a single mom, which is why I opted to get for the both of us, and multi-purpose din yun.

For myself, Sun Flexilink, 1M FA, with critical illness benefit kasi may history kami ng cancer sa family. Para at least, in case I also get terminally ill, may makukuha and makakapag-assist sa finances.

For my son, Sunlife Maxilink Prime, 1M FA, 10 yrs to pay. I really got this to also serve as my son's college fund. 5 yrs na ko nagbabayad (I got this when my son was 6mos old), so 5 yrs na lang, pwede na ko tumigil. May option din naman ituloy. It is also fulfilling to realize that at the age of 10, my son already has a college fund setup for him.

[Jesseeee]

Hi mga sis. Question. Mahal na ba tong VUL na to?

Sun MaxiLink Prime - Non-Smoker ------------- FACE AMOUNT: PHP 350,000.00

Critical Illness Benefit - CIB ------------- FACE AMOUNT: PHP 350,000.00

Total Annual Payment is PHP 16,285.50.

Hi sis! Just saw this thread. I think the benefits are low but as everyone said. I suggest increasing your budget, by let's say, 1-2K and you'll be adequately covered. I'm an FA as well and I tried making a proposal and at around 17k face amount can be as high as 1.4M with critical illness benefit at around 800K-1M. Well, that is under the assumption that you are around 25 y/o hehe (I just used my age). Anyway, not sure if you already got the policy but I hope that helped.

[Jesseeee]

Hi, gusto ko po sana kumuha ng insurance for my family. Pa-advise naman po if better kung separate ang life insurance at health. I know medyo late na ako for this pero gusto ko pa din ituloy for my protection at peace of mind na din. Thank you.

Hi Mahc, some insurance policies have the advantage of covering both life insurance and critical illness (also daily hospitalization, surgery, ICU etc.) while paying for a fixed premium. I think you can maximize those products para sure na adequately covered ang family.

[nataliaesperon2000]

ganyan ba tallaga ang agent narealize ko nag impulse ako sa pagbili narealize ko na mahal talaga at di kokakayaniin i change my mind nga ininform ko si agent nakapagbayad na ako ng down alam mko naman karapatan ko yun pero alam mo yun kokonsensyahin ka pa kasi daw maapektuhan perfomance nya e ang point ko pwede pa naman magbago isip ko .. dapat ang agent doi ba kapakanan ng customer kukuha pa din naman sa kanya mababa lang kukunin ...

[Tea97]

^kapag ganon ang agent nakakaturn off.

Meron pa bang nag offer ng traditional life insurance? Mas prefer ko kasi yun. And since it might be likely that we'll end our term insurance sooner than expected, I am scouting for a trad life insurance to replace the term life ins we currently have. 

[D4thAngel]

^kapag ganon ang agent nakakaturn off.

Meron pa bang nag offer ng traditional life insurance? Mas prefer ko kasi yun. And since it might be likely that we'll end our term insurance sooner than expected, I am scouting for a trad life insurance to replace the term life ins we currently have.

Yes, trad insurance is still available in the market Pwede mo ipa-convert yang term mo to permanent, para no more medical requirements. Just tell you advisor you want trad.

[nataliaesperon2000]

^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.

may co worker ako na kumuha ng paa plus ang balak nya ay 5 yrs lang ihuhulog nya sa insurance and then ititigil mnya na magiiwan sya ng fubnd value ok lang ba ganun i mean imsured pa din ba sya nun ng life time

[yn061515]

Metlife for 150USD/month

Kung mawawala si mommy ng maaga, hindi maghhirap mga anak ko. Huhu!
Ayoko gawin beneficiary si husband sana. Half half talaga mga babies ko. I just live and survive for them sa ngayon. Pero si husband kung magkaka insurance daw sya kasama daw ako sa beneficiary lol. Well, we have our own reasons. We agree to disagree!

[barbramae]

may co worker ako na kumuha ng paa plus ang balak nya ay 5 yrs lang ihuhulog nya sa insurance and then ititigil mnya na magiiwan sya ng fubnd value ok lang ba ganun i mean imsured pa din ba sya nun ng life time

Ang fund value ng PAA plus after 5 years is not yet enought to cover [textspeak!] premium nia. Once nagstop kasi sya ng payment, sa fund value kukunin ni Pru life [textspeak!] pangshoulder ng insurance charges. Once maubos, ang fund value, terminated na din ang insurance.

If he plans to pay only in 5 years, he should have told his agent. May separate product para dun pero mas mahal din ang premium since short term lang sya and coverage is also low.

[Ghell06]

^Once maubos, ang fund value, terminated na din ang insurance.

Same din po ba yan sa sunlife? If 10 yrs tapos na bayaran yung insurance then may natira na [textspeak!] na fund value pero di na huhulugan. Mateterminate na din po ba yung insurance nun? Thank you.

[atemai]

hello,

anyone here who got insurance coverage from fwd?

[chubzkittinz]

me i got fwd set for life nun 2016..kaya lang nastop payment ko and hindi ko na natuloy,sayang and i want sana to continue kaso mukang malaki na babayaran for the back premiums..may nagpropropose na manulife education builder,pero pricey siya,gusto ko sana yung tipong 1.5k lang premium..