BPI Investment Funds

[mikaelavhan]

^ganun ba sis,nainines na ako.pabalik balik na ako eh,un mismo sales executive ata un kausap ko..sabi ng hubby ko  bakit insured eh dapat wala,nainiis na rin ata sakin hehe.
nga pala sis..ano yung vul? sorry huh.. dami ko na tanong sayo..
uitf sis at equity value fund ba ay same lang?

[mxherr5]

VUL is an insurance product. It's like insurance + UITF in one.
If the person you spoke to offers you a VUL then you're talking
to someone from BPI-Philam not from BPI like perasense said.

An equity fund is a type of fund that invests in stocks.

There is a mutual fund equity fund and a UITF equity fund.

For simplification purposes, just think UITF when you get
it from the bank and mutual fund if you get it from an investment
company. And a VUL if you get it from an insurance company..but
this one has an additional insurance component.

If the fund invests in stocks then it's an equity fund.
If the fund invests in bonds then it's a fixed income or bond fund
There are a lot of bond fund variants.
Then if the fund invests in super short investments then it's called
a money market fund.

Hope that helps

[perasense]

^ganun ba sis,nainines na ako.pabalik balik na ako eh,un mismo sales executive ata un kausap ko..sabi ng hubby ko  bakit insured eh dapat wala,nainiis na rin ata sakin hehe.
nga pala sis..ano yung vul? sorry huh.. dami ko na tanong sayo..
uitf sis at equity value fund ba ay same lang?

VUL is insurance + investment fund.

UITF is an investment fund.

Equity Fund is a type of investment fund.

So there is an Equity Fund in both a VUL or a UITF.

A lot of banks are tyring to market their VUL products so pag sinabi mong Equity Fund lang, 99% of the time, yung VUL ang i-oofer nila sa iyo.

Make sure clear sa kakausapin mo na UITF ang gusto mo.

[mikaelavhan]

^thank you sa inyo dalawa  hehe! klaro na sakin.bpi philam nga yung lalaki dun na humaharap sakin..
(may binigay kasi na calling card)
salamat much..sisses!

[pretty_B]

Hi girls! ask ko lang po. pwede bang joint and/or account ang mutual funds?

[missFB]

hello!

masaya na ang Investment sa BPI ngayon.. nag-ge-gain na.  sana magtuloy-tuloy..

may minimum amount ba to redeem?

[KrabbyPatty!]

^ true sis!! hehe. 1k ang minimum per transaction

[emjey03]

do they also provide you COP like in BDO?  wala ako nabasa sa site nila.

[mxherr5]

Not a COP per se but a notification of the transaction will be sent by mail.
I accumulated a bunch before I learned you could tell them to stop lol
No need for any physical doc. You can redeem online.

[emjey03]

i see.  thanks sis

[andreil_19]

@mxherr5, did you call bpi to inform them to stop sending notification of transaction? I thought when i requested it thru my online account hihinto na yung padala nila pero may natatanggap pa rin ako.

[mxherr5]

^

No, that's also what I did. Just ticked off something online.
Maybe do it a few more times to be sure 

[kireinachean]

Hi mga sis, gusto ko rin sana mag open ng UITF bat overseas ako, nagsend ako ng email sa BPI pero no response pa, may idea ba kayo if pwedeng overseas or kelangan e sa bank talaga? Thanks.

[redhead69]

Yay! Excited na ako enroll for this! I can't wait! At first lurker lang ako sa thread na to, ngayon i've decided to try this na. Hay Good luck sa atin!

[shenggai]

Question, nung nag try ako mag subscribe sa rsp (first time ko) kailangan ng 10k initial invesment, tapos choice na 1k every month dagdag... Pwede ba yung 1k lang everytime mula gusto mong start date without initial na 10k?

[pretty_B]

^i dont think it works that way, sis. hehe. you have to put10k initial investment talaga.

[kaiz]

^^ipunin mo nalang muna sa savings account mo din transfer if 10k na

[shenggai]

Oh I see. Kaya pala. Kala ko para siyang BDO na no initial needed. Thanks sa inyo

[engr_neechee]

Hi Sisses,

I need enlightenment. 

My husband and I have a combination of five policies with Philamlife.  We each both have Family Secure (VUL po), I have QuantumFlex, Versalife and MoneyWorks.  We are covered, plus may savings pero I don't have any Critical Illness Rider. 

I was planning to use my 13th month pay this year to put up a college fund for our two year old son.  Nag-inquire ako sa BPI-Philam.  I was given a proposal for BuildLife Plus.  The proposal is a five-year pay plan of PhP60k per year tapos best to withdraw on the 11th year.  So yung ihuhulog kong more or less PhP300k in five years ay magiging more or less PhP700k projected kung magcocollege na ang anak namin.  60k kasi may critical illness rider na 250k.  The premiums would be invested sa BPI-Philam Equity Index Fund 2.  The agent believes it is stable kasi nga naman, SM, SMDC, Ayala, JG Summit siya nakalagay. 

I consulted with my aunt who used to be with BPI - 30 years siya dun.  Sabi niya, isave ko na lang as liquid savings sa bank kasi hindi ko raw alam ang pwedeng mangyari ngayong panahon ni President Digong - lalo na't pababa ang halaga ng piso laban sa dollars.  Experience-wise kasi yung mutual fund na pinasok ng parents ko (ALFM) eh lumagapak once and ayaw niya yun mangyari sa college fund ng son ko.

I also consulted my financial planner about BuildLife Plus and hindi rin siya pabor.  Kasi raw, he prefers it na nasa pure fund yung pera for my son - tipong nagagalaw ko.  Saka hindi ko na raw need ng additional insurance.  He suggested na ilagay ko raw sa Coco Life Fixed Income Fund.

Can you sisses please help me decide?  Kaya ko binasa tong thread na to, to give me the pros and cons of my options.  Thanks.

[gwyne21]

^Hi sis.. i think we are in a similar situation.. i am also thinking of opening an investment account (not sure pa which type) for college fund ng daughter ko (she is also 2 yrs old). Anyway, hubby and I are also covered with different insurance (we have vuls and traditional life insurance, may riders din). Ako naman, I got a quotation for Sunlife My future fund (yung commercial ni juday).. as of now pinag-iisipan ko pa if kasi it is also a vul though market nila is for our child's education. However, I am gearing towards uitf and mutual fund instead of vul  (baka bond or balance fund para medyo conservative).

IMO, if for college fund and the time frame is shorter, (compared to ang goal ay retirement fund na 20 to 30 years from now pa) parang too risky ang mag-invest sa pure equity fund. I agree with your financial advisor na you don't need additional coverage since may mga existing vuls na kayo. In my opinion, ok ang vul kung wala ka pang life insurance coverage but if you already have one, better to invest in other avenues. Kung baga, why vuls again kung may exitsting vul ka na. Reading online especially those in favor of BTID (buy term invest the difference) made me realize many things. Kung gusto mo naman ng critical illness rider, ask your Philam agent kung pwede magdagdag ng CI rider sa existing policy mo. Hope this helps..