philam,sunlife, prulife and the likes worth it?

[garlic]

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guys,

just want to ask if these company insurance really worth it. I am spending 7k a month just for this one. for myself ug sa akong anak. or am i spending too much?

please do enlighten me about their pros and cons.

[lorenzoleo]

how much iyang coverage or face amount?
How many years to pay?

If you need only pure protection, there is a Life Insurance the Cost you only 10K/year (premiums varies according to the age) with 1M faceamount.

[garlic]

1.5M tong akoa.

[lorenzoleo]

1.5M tong akoa.

but you are paying 7K/ month?
How many years to pay?

[garlic]

3.5k akoang life insurance, 3.5k sa bata sa school and investments. sorry la nako na claro.

[lorenzoleo]

Kung ako imu pa programmon if mag pay ko ug 7K/month, ingani ako.a style.

1.) Ngita ko ug Term Insurance that Can give me 1M faceamount, (7K/year)(age 24)
. Meaning,Php583 / month, then the difference Php 6,417, ako na lnag i invest directly ug MF or stocks that could give me on average return of 10% P.A.(Average since market conditions fluctuates)