
Originally Posted by
kit_cebu
aw.... thanks...
readback sa ko ani....ngita ko ed.plan ako bata....
if nangita ka ug educational plan bai, pwede nato idesign ang mutual funds as an educational plan. Kay we don't recommend pre-need.
Paresan lang ug pure life insurance.
Mas cheaper and mas dako pa ug payout compared sa standard offer sa insurance companies.
Here's a sample of my last comparison of proposals nga gihimo.
Company XYZ, 1M educational plan 10 year pay
total cost: 900k, total estimated payout kay 1.5M if regular graduate, mo abot ug 2M if top notcher or magna/summa imo kid.
IMG education plan Cocolife term 20 1M life insurance + mutual funds
54,366 per annum, total cost 543,660. 10 year pay.
Total payout no matter unsa performance sa imo kid, 2.5M
these calculations were made with convervative 12% per annum growth. The final amount is actually bigger kay ang 10 year average performance sa mutual funds karon kay 20%.
I made this for a 1 year old kid, nya ang dad niya kay 27 years old.