SUNLIFE 2

[lgf08]

@j.adore, thanks.. heard back from my agent (finally) and pede daw un partial payment.. not considered as top up until the premium has been covered..

[marssie]

2nd year ko sa insurance, okay lang ba na bayaran ko na ng full yung remaining 8years?

[purplezun]

^^Yes sun life has investment funds that grows depending on which fund you choose with historical average return of 8-15% annually. We recommend long term investing around 5-7+ years for growth to really be felt since market is volatile. PM me if you want me to schedule an appointment and we will teach you more on which fund to choose.

Sun Life FA's wife

[purplezun]

^Unless your annual premium is already paid up all early payments will go to the premium. Once the annual premium is already done then the extra funds you'll put in will go to top up. So to answer your question, yes it is ok to pay early

If you need help on evaluating your financial needs you can PM me to set an appointment with my husband who has a heart of a teacher that will explain all the details for you to decide on which solutions best fit your needs.

Sun Life FA's wife

[purplezun]

Hi sis!

^^Did your agent explained that a VUL specially regular paying type are an insurance with investment not an investment with insurance. There is a difference that insurance is the main purpose of the plan. Was the charges discussed properly?

Can i ask if there are riders attached to the policy like critical illness and hospita income.

I would recommend to still continue with the plan because it will be a big help to your family if uncertenties happen.

If you need help on evaluating your financial needs you can PM me to set an appointment with my husband who has a heart of a teacher that will explain all the details further for you to decide on which solutions best fit your needs. (we will not charge for answering your queries, you are welcome to ask questions we have a regular group meet ups to discuss personal finance. Since this is free we only have specific area where we hold the discussion near our place 

Sun Life FA's wife

[purplezun]

Is your policy a VUL or term?

[marssie]

^ Thanks for the replies.. naexplain din naman niya but about paying the remaining 8years/or paying the full amount of insurance in advance , hindi ko kasi naitanong. Like kung ano ang advantage at disadvantages nun... 

[purplezun]

Hi sis,

regarding your question, whenever you place money on VULs it buys units. So ang makikita lang natin disadvantage when placing the full payment today is kung mataas ang pagkabili natin ng units at bumaba ng bumaba ang market while advantage naman is kung tumaas ang market then your money could start earning interest na. pag regular payment every yearly naman it is patterned to peso cost averaging, so every payment mo for 10 years di natin din alam kung mababa or mataas ang price ng unit but the regular payment averages the risk down. let me know if ive answered your question.

Sun Life FA's wife

^ Thanks for the replies.. naexplain din naman niya but about paying the remaining 8years/or paying the full amount of insurance in advance , hindi ko kasi naitanong. Like kung ano ang advantage at disadvantages nun... 

[PetiksPinayInvestor]

2nd year ko sa insurance, okay lang ba na bayaran ko na ng full yung remaining 8years?

It depends.

Timbangin mo muna.

Bakit mo ito gusto gawin? Ano ang gusto mo ma-achieve?

In the insurance perspective, okay ito kung gusto mo na wala ka na poproblemahing babayarin in the next 8 years. Posible kasi na hindi rin secure ang cash flow mo and you want to make sure na covered ka if cash flow will be a concern in the future. Makakamura ka rin (possibly) kasi parang whole sale mo na binibili ang benefit/s--baka pwede ka makakuha ng discount kapag humingi ka ng quote.

ADDENDUM: Contact your agent or call the insurance company if paying the remaining years in full is possible for your policy. If yes, ask whether you can avail of a discount since you are paying in bulk.

In the investment perspective naman kung tied with investment ang insurance mo, hindi ito okay. Nawawalan ng opportunity ang investment mo to do peso-cost averaging. Kung mura mo naman mabili ang units ng investment ngayon, how sure are you na in the next 8 years hindi pa ito bababa? Anlaki ng exposure to risk ng mga units mo kung bibili ka in bulk. Peso-cost averaging helps you spread the volatility of prices.

Hope this helps

[bluish_mommy]

2nd year ko sa insurance, okay lang ba na bayaran ko na ng full yung remaining 8years?

ang alam ko sis, hindi pwede, yung excess will be treated as Top-Ups.

[neriann28]

Hello mga sis, ask ko lang magkakaroon ba ng difference kapag binabaan ko yung monthly payment ko? I have a Maxilink Prime for 10 years and I have been paying for more than 2 years na. Before I am paying 2k per month pero nung nanganak kasi ako last year medyo ginipit ako so nakakapag hulog ako 1k monthly lang. So ok lang ba yun? Or may penalty? I hope someone can enlighten me. I am planning to put a large amount once nakuha ko bonus ko then papalipat ko din sana from balance to equity. Salamat!

[neriann28]

Thank u @PetiksPinayInvestor I am trying na habulin sya. Nasa balance kasi ako yun nga sobrang baba nung fund value ko eh pero meron naman kahit papano. Kasi twins babies ko so ang laki ng nagastos ko kahit na may SSS at Phil Health naincubator kasi sila. Then recently lang kame nakakabawi. Saka san pala nakikita online kung ilang units na meron? Thanks ulet!

[neriann28]

Viewing my Sunlink Online

Effective Date - Activity Type - Total Premium Received - Net Amount - Transfer Charges

Ano po yung net amount? Grabe antagal ko ng may Sunlife hindi ko alam yun. Saka yung sa paper bill ko nakalagay unit price at number of units? Dun ba bale nakalagay [textspeak!] total ng units ko? I am sorry ngayon ko lang iniintindi ito lahat simula nung magdecide ako na gusto ko mag UITF.

[PetiksPinayInvestor]

^ Bale dapat alam mo lang ilan ang units na meron ka then multiply it sa NAVPS na nakadisplay sa Sun Life website:

http://www.sunlife.com.ph/philippines/Products+and+Services/Variable+life+insurance?vgnLocale=en_CA

Everyday nagbabago yun.

Pero para hindi ka ma stress, buy ka lang ng buy every month. Meaning hulog ka lang ng hulog every month.

10 years ang Maxi Prime di ba?

Baka malayo pa

Kung maalala mo, malamang nag Financial Needs Analysis kayo ni Advisor mo...

Merong mga financial goals ka na may targets.

Balikan mo po yun.

Example, target college education fund of kids ay 5 Million (kunyari)

Check your fund value.

How far are you?

May the gap be your motivation to meet your goal and extend your horizon.

Kaya instead of lessening your deposits, be motivated na palakihin pa ang contribution to lessen the distance from your money goal

You can do it! 

[m_lim]

^ako ng 5th year na, hindi parin nakakabawi yung VUL ko. 1/3 pa lang ng hulog ko.

[neriann28]

@m_lim anong fund mu sis? Balanced fund ako eh so hindi talaga ako nag eexpect ng malaki.

[PetiksPinayInvestor]

Yup may financial needs analysis kame. Nung nakuha ko kasi sya single pa ko so its for retirement sana then naka Balanced Fund sya. And then advise din ng financial advisor ko na kapag may extra dapat ilagay ko din.

Fund Value as of Issue Date   :   PS 1,979.11
Fund Value as of July 09, 2015   :   PS 3,315.35
Cash Surrender Value as of July 09, 2015 :   PS 3,315.35

Anong pinagkaiba nung fund value ng issue date? at ng date today? Saka hindi ko makita kung magkano na [textspeak!] units kaya hindi ko sya macompute. Alam ko kasi hindi pa yan kikita dahil 2 years pa lang ako eh. Kapag nakabawi na ko sa payments balak ko na syang ilipat sa Equity.

So ibig sabihin ba ng fund value un [textspeak!] makukuha ko pang extra aside dun sa face amount ko? yung face amount ko ba may chance pa na magbago kung mag eextra ako monthly? Salamat sa sasagot. 

Fund Value as of Issue Date  - ito ang halaga ng fund value nung na-settle ang iyong policy
Fund Value as of July 09, 2015  - fund value nung July 9

So ibig sabihin ba ng fund value un yung makukuha ko pang extra aside dun sa face amount ko? - Yes. Nawi-withdraw ito, partail or full

Para simple, VUL = insurance + investment

investment = fund value

yung face amount ko ba may chance pa na magbago kung mag eextra ako monthly? - technically no. The Face Amount is fixed na. Ang pwede magbago is Death Benefit

Death Benefit = Face Amount + Fund Value

So ang variable jan o ang nagbabago ay yung fund value.

[neriann28]

@PetiksPinayInvestor clear explanation. Thank You!

[neriann28]

So another question (andame kong tanong sa buhay hahaha) quarterly premiums ko 2k monthly. pero nung 1st 2 quarters half lang ng premiums nababayaran ko. Nakita ko sa online ko na malaki ang charge kapag one time big time payment. Pano ako makakahabol dun sa mga previous payments ko? Ok lang na one time big time or dapat sundin ko pa din na quarterly? or magdagdag na lang ako dun sa quarterly? Any advise?

[PetiksPinayInvestor]

^ Proportional kasi ang deposit sa charges. I think para naka peso cost averaging ka, tuloy mo lang nag quarterly na hulog mo

Ituloy mo yung 2k mo na quarterly at if meron ka naman extra fund, dagdagan mo siya

sa peso cost averaging, consistency (discipline) and length of term (the longer the years the better) ang keys to increasing your investments

Remember your financial goal. para saan ba ito? and magkano yung goal

Now kung mabagal talaga, learn other investment alternatives

Kung gusto mo mas malaki ang profit, mas malaki rin ang risk

to manage the risk, increase your knowledge