Unsay Nindot Nga Life Insurance?

[auburnko]

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im from Generali Life bro..

[op2nd]

im from Generali Life bro..

ahh... BDO

[auburnko]

But premiums of whole life insurances are way higher than term insurances right? Imagine coverage up to age 100.

yup dako2x jd siya pero dli inana ka dako ang deperencia.... if your looking whole life insurance as a retirement fund kahit papano mka genancya jd ka sa premiums nga imong gi pay and sa money nga imong ma kuha as your retirement fund.. and also another advantage sa whole life is you got dividends nga mka and pud sa amount sa imong money nga ma kuha...

always remember pud ani nga question " what if naay na hitabo nko? kinsay nka ginancya... akong family or ang insurance company " so win win situation jd ni siya bro sa company and sa client..... kay if everything is okay sa client atlest pwd niya kuhaon ang cash value sa insurance niya as a retirement fund niya...

-bydway bro. from your pic i understand nga member ka sa wealth club which ganhan ko mo apil sa inyung mga meeting pud kay nahan ko mo venture investing stocks market nga ako mag hands own.. dli mag salig og fund manager...

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ahh... BDO

hehehe uuu bro... and ur from axa dba? metrobank

[op2nd]

yup dako2x jd siya pero dli inana ka dako ang deperencia.... if your looking whole life insurance as a retirement fund kahit papano mka genancya jd ka sa premiums nga imong gi pay and sa money nga imong ma kuha as your retirement fund.. and also another advantage sa whole life is you got dividends nga mka and pud sa amount sa imong money nga ma kuha...

always remember pud ani nga question " what if naay na hitabo nko? kinsay nka ginancya... akong family or ang insurance company " so win win situation jd ni siya bro sa company and sa client..... kay if everything is okay sa client atlest pwd niya kuhaon ang cash value sa insurance niya as a retirement fund niya...

-bydway bro. from your pic i understand nga member ka sa wealth club which ganhan ko mo apil sa inyung mga meeting pud kay nahan ko mo venture investing stocks market nga ako mag hands own.. dli mag salig og fund manager...

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hehehe uuu bro... and ur from axa dba? metrobank

AXA...Metrobank

[makie29]

yup dako2x jd siya pero dli inana ka dako ang deperencia.... if your looking whole life insurance as a retirement fund kahit papano mka genancya jd ka sa premiums nga imong gi pay and sa money nga imong ma kuha as your retirement fund.. and also another advantage sa whole life is you got dividends nga mka and pud sa amount sa imong money nga ma kuha...

always remember pud ani nga question " what if naay na hitabo nko? kinsay nka ginancya... akong family or ang insurance company " so win win situation jd ni siya bro sa company and sa client..... kay if everything is okay sa client atlest pwd niya kuhaon ang cash value sa insurance niya as a retirement fund niya...

-bydway bro. from your pic i understand nga member ka sa wealth club which ganhan ko mo apil sa inyung mga meeting pud kay nahan ko mo venture investing stocks market nga ako mag hands own.. dli mag salig og fund manager...

BTW, connected pud ko sa Philam Life so I also get to know these stuff. The thing about life insurance is we get it for protection. Kanang mga cash value and investment (sa VUL) comes in secondary because the main purpose of life insurance is for protection. That is why, para nako, term insurance remains the most ideal form of insurance because it is cheap, very simple and gives the most value for money. One thing about whole life is this. The cash value that we refer to is actually just the advance premium that we are paying up to age 100 so that being said, dako2x nga kwarta ang nahigot sa insurance when we could have used it for investment. Though it gives dividends, the dividend yield isn't as much as what even mutual funds and UITFs give on general, much more from stocks, forex, artworks, etc..

Please join any time. We meet regularly.

[op2nd]

BTW, connected pud ko sa Philam Life so I also get to know these stuff. The thing about life insurance is we get it for protection. Kanang mga cash value and investment (sa VUL) comes in secondary because the main purpose of life insurance is for protection. That is why, para nako, term insurance remains the most ideal form of insurance because it is cheap, very simple and gives the most value for money. One thing about whole life is this. The cash value that we refer to is actually just the advance premium that we are paying up to age 100 so that being said, dako2x nga kwarta ang nahigot sa insurance when we could have used it for investment. Though it gives dividends, the dividend yield isn't as much as what even mutual funds and UITFs give on general, much more from stocks, forex, artworks, etc..

Please join any time. We meet regularly.

TERM is the cheapest for PROTECTION... sa AXA, pwuede ni sya MONTHLY Covered ug 10yrs max. and mo renew 10yrs after and mo mahal ni nig renew.
Si AXA, kutob lang age 74 mo renew.

Kung papilion ko asa ko sa duha between TERM or VUL ari ko sa VUL.

Ang ako tuyo pag kuha sa VUL is for PROTECTION ... BUT gusto ko dunay investment na side and covered na ko up to age 100 and humana ko after 10yrs

Nindot pud ang combination sa TERM and separate na MUTUAL funds.
But dili lang ka kabaw pila na unya ang premium nig renew nimo sa TERM and kapila ka mo renew and hassle pa.

Depende nalang ni sa CLIENT ug asa siya mo pabor

[makie29]

Nindot pud ang combination sa TERM and separate na MUTUAL funds.
But dili lang ka kabaw pila na unya ang premium nig renew nimo sa TERM and kapila ka mo renew pa?

Exactly my point because having it separate gives me higher gains which could cover my premiums maski every year pa ko magrenew. I also get to avoid the high charges of VULs (2% to 5% per year) and the high cost of insurance during my older years. BTW, I have a 20-year term so its not as expensive as renewing every year (1-year term). I won't need insurance man pud for the rest of my life.

[op2nd]

@makie29 ... pila ang ma cash out sa TERM 5yrs to pay, Age 25 and sum insured 3M?

[medwarc]

unsa imu pasabot bro after nmu apply ug term kay mo invest kag stock market ? cencya wla ko ka gets gud. hehehe.

Sorry late reply bro. After seeing all the posts here, I believe they already answered your question. It would be better kung ma compare jud nato through table computation but since I don't have a VUL plan, I don't have an idea pila na ang minimum monthly contribution na nga gi offer lately sa mga insurance companies. But 4 years ago, kadtong nag inquire pa ko, as I could remember, naa sa P5k ang pinaka ubos nga amount. Limot na pud ko kung ang coverage ato is 1M ba. Just for illustration purposes lang, at P5k/month would be P60000/year with P1M coverage. I have a term insurance which I paid for P3380 only(of course this would base with your age) which has a coverage also of P1M. i round off na lang nato to P3500.

Try to compare lang, same amount of coverage(P1M) but dako ug difference sa imo gi bayran. Ang difference sa P60k ug P3500, imo i invest dayun sa mutual fund/stocks. Mao nang ma maximize jud nimo imo money.

[op2nd]

Sorry late reply bro. After seeing all the posts here, I believe they already answered your question. It would be better kung ma compare jud nato through table computation but since I don't have a VUL plan, I don't have an idea pila na ang minimum monthly contribution na nga gi offer lately sa mga insurance companies. But 4 years ago, kadtong nag inquire pa ko, as I could remember, naa sa P5k ang pinaka ubos nga amount. Limot na pud ko kung ang coverage ato is 1M ba. Just for illustration purposes lang, at P5k/month would be P60000/year with P1M coverage. I have a term insurance which I paid for P3380 only(of course this would base with your age) which has a coverage also of P1M. i round off na lang nato to P3500.

Try to compare lang, same amount of coverage(P1M) but dako ug difference sa imo gi bayran. Ang difference sa P60k ug P3500, imo i invest dayun sa mutual fund/stocks. Mao nang ma maximize jud nimo imo money.

Nindot jud lagi ato ni i compare para dili na tawn maglibog...ako willing ko mo hatag sa computation ug kinsay ganahan magpa compute ug TERM and VUL.