Philam Life

[cebu.opportunities]

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So unsay pinakamaayo bro, if I had a son who is 3 months old. Unsay plan kaha nga maayo para at least ma secure nako ang fees sa highschool, college and post-grad niya?
How about we go to the extreme, kanang macover pa gyud ang iyang kindergarten?

thanks imo ni gi raise nga question...
same question ta bro pero naulaw ko moask ky wa ko'y anak man. pero I also want to know para makapangandam.

[makie29]

So unsay pinakamaayo bro, if I had a son who is 3 months old. Unsay plan kaha nga maayo para at least ma secure nako ang fees sa highschool, college and post-grad niya?
How about we go to the extreme, kanang macover pa gyud ang iyang kindergarten?

For college, there are a lot of options. We could opt for mutual funds (through PAMI) or the Bright Future Plus or Invest (of Philam Life). But for high school, I think we'd be limited to mutual funds lang since there is no plan that covers high school. The same for kindergarten, mutual funds lang but since medyo limited man ang time to prepare for kindergarten, maybe it is best to have a plan B as well (at least for kindergarten and grade school lang).

So basically, ingon ani ang breakdown:

Kindergarten and grade school - Mutual funds and you must have a plan B or another plan just in case di motubo ang mutual fund sa iyang desired amount or if dili sufficient iyang tubo once your child will go to school na. Plan B might be looking for another source of income.

High school - Mutual funds

College and Post-grad - Mutual funds or Education Plan (VUL)

What I highly suggest is this: open 3 separate mutual fund accounts for each and focus more on the immediate one (kindergarten and grade school) para mas dako iyang potential nga tubo. All 3 accounts could either be in the same company or you can spread it on different mutual fund companies. Ang importante lang is mabuwag nimo ang tanan para magamit gyud for intended use.

Regarding sa kung pila imong dapat ibutang sa each fund, it will depend kung asa nimo gusto ipaeskwela imong anak and kung pila pud ang rate sa tuition fee increase. Normally, we assume the extreme side which is 10% tuition fee increase per year para di mashort ang clients by the time nga need na nila ang money.

Aside from mutual funds, you can also pick UITFs. Naa na sa banks ang UITFs. As far as these two work, magkapareho lang ni sila.

If you wiant, we could set an appointment para matagaan tikaw ug sample computation.

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thanks imo ni gi raise nga question...
same question ta bro pero naulaw ko moask ky wa ko'y anak man. pero I also want to know para makapangandam.

The best time to start saving for education is actually kung wala pa kay anak. Expenses will increase once naa nay anak and saving will be a little more challenging. At least if nakasugod na, medyo di na kaayo tungason. I dunno if majority of the people realize this but education during the early years (kinder and grade school) is more expensive than high school and college but sad to say, majority are preparing for college and overlook the early years.

[mojojojo2010]

Get health insurance for as low as P1,356.95* per year. Philam Life's Mediguard health insurance provides the following:

[1] Daily Hospitalization Income (P800, P1,000 or P1,500 a day)
[2] Long Term Hospitalization (P1,000 or P1,500 a day after 30 consecutive days of being hospitalized)
[3] Intensive Care Unit (ICU) (P2,000 or P3,000 a day)
[4] Surgical Expense Reimbursement (P10,000, P20,000 or P50,000)

*Premium will depend on age and plan. Mediguard has three plans: Basic, Superior and Elite

Actual range of premiums are from P1,356.95 (18-24 years old, Basic plan) to P8,834.06 (60-64 years old, Elite plan) per year.

For Familia (family) plan, rate is a little lesser individually.

boss, kindly PM me sa complete details ani. ang kana premiums niya is per year ang rate? or monthly rate na? thanks.

pm sad life insurance plan with corresponding age bracket 30 - 45; og kana money works ninyo product. thanks.

[makie29]

boss, kindly PM me sa complete details ani. ang kana premiums niya is per year ang rate? or monthly rate na? thanks.

pm sad life insurance plan with corresponding age bracket 30 - 45; og kana money works ninyo product. thanks.

Thanks for the inquiry, sent a PM.

[makie29]

Life insurance is not expensive. Don't you know for just P5,000 a year you can get a P500T life insurance coverage and P800 per day coverage in case you're hospitalized? On top of that, you can also get coverage of P1,000 per day in ICU and P10,000 reimbursable amount in case of surgeries.

*Example above is below 30 years old. The younger you are, the cheaper the premiums and the bigger and better the coverage/benefits.

[lorenzoleo]

Bai mak, how many years to save for PhilAm VUL? and coverage. pm me.

[gerain04]

Life insurance is not expensive. Don't you know for just P5,000 a year you can get a P500T life insurance coverage and P800 per day coverage in case you're hospitalized? On top of that, you can also get coverage of P1,000 per day in ICU and P10,000 reimbursable amount in case of surgeries.

*Example above is below 30 years old. The younger you are, the cheaper the premiums and the bigger and better the coverage/benefits.

Sir makie, pwede pa pm sa complete details ani. Thanks!

[makie29]

To those who are wondering and probably interested in Philam Life's health insurance, here are the details.

Benefits:

Premiums:

Important Note: The Mediguard health insurance plan is a reimbursement plan. It's main purpose is to replace your (supposed to be) income during times when you're hospitalized evident in the daily reimbursement that Philam Life will give. Mediguard is a perfect partner for your HMO (if you have any) either personal or provided by your employer.

Ideally, your HMO (on top of Philhealth) will pay and minimize your hospital bills while Mediguard (health insurance) will reimburse you on a daily basis based on the agreed rates. Mediguard will relieve you of financial obligations brought about by being and becoming sick.

To those who are interested, please send me a message.

[daelite_mistress]

if you guys are still looking for an insurance agent, you can PM me. thanks.

[makie29]

Get health and life insurance coverage for only around P5,000 per year.

Health Insurance Benefits

[1] Daily Hospital Income for as high as P1,500 per day
[2] Long Term Hospitalization (more than 31 days in hospital) for as high as P1,500 per day
[3] ICU (daily) coverage for as high as P3,000 per day
[4] Surgical reimbursements for as high as P50,000

All benefits only for an annual premium of as low as P2,641

Life Insurance Benefits

[1] P1M life insurance coverage for premiums for as low as P3,000 to P4,000 per year
[2] Additional benefits such as doubling life insurance benefits in case of death through accident (with additional premiums)
[3] Accidental coverage (leading to disability)

*Premiums will depend on age

Please PM me if interested for details.