Philam Life

[rjmangubat]

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sir makie29, mangutana unta ko unsai difference sa Philam plan na moneyworks ug familysaver[nakalimot ko sa name jd] na vul plan? or kanang specifically lng unsai pinakanindot na ikuha na insurance w/ investment plan sa philam kung anak ka na breadwinner sa pamilya? or kung naa ba na sa philam life? thank you kaau kung mureply ka sir.

[pinoypassiveincome]

sir makie29, mangutana unta ko unsai difference sa Philam plan na moneyworks ug familysaver[nakalimot ko sa name jd] na vul plan? or kanang specifically lng unsai pinakanindot na ikuha na insurance w/ investment plan sa philam kung anak ka na breadwinner sa pamilya? or kung naa ba na sa philam life? thank you kaau kung mureply ka sir.

Family secure ay para sa pamilyadong filipino na kailangan nang mataas na protection coverage para mag continue mabuhay ang pamilya if ang indi inaasahan ay mangyari sa breadwinner at Kung wala Naman mangyari you can withdraw the account value of the investment upon reaching retirement age 65 or 70. This is a regular pay every year until retirement you pay.

family provider same Lang sa family secure the only difference is that it allows you to pay one time single pay, or 5 years , 10 years .

Money works Naman mas maliit ang insurance coverage because malaking potion sa premium payment goes to investing to earn more allows you to pay single pay, 5 years , 10 years and regular pay every year.

All this product by philam invest the percentage of your premium sa philam mutual funds PAMI which would earn a yield of 9% to 20% per year base on past performance of PAMI funds.

[pinoypassiveincome]

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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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.

Philam bright future plus also covers guarantee educational plan for high school and elementary but this is the traditional since its guaranteed Medyo mataas ang premium as for the bright future invest this is vul mas malaki ang potential earnings but not guaranteed Dahil sa PAMI mutual fund ang pera inilalagay Kung conservative ka sa traditional bright future plus plan pero risk taker ka sa bright future invest especially Kung Balak sa mga exclusive at expensive private school mo ipaaral ang anak mo

[makie29]

While some agents of other insurance companies are saying that Philam Life is struggling, here's a statement from Philam Life. Action speaks louder than words indeed.

Philam Life to build P2.1-B ultra-modern tower in Cebu

Philamlife, the country’s premier insurance provider, is building a P2.1- billion corporate center in the heart of Cebu City’s business district that is primed to become the most modern landmark in the entire Visayas and Mindanao.

When completed, the twin tower 20-storey structure will be a Grade A building, the highest rated in Cebu, and is expected to receive at the minimum the LEED Silver Core and Shell Certification. The certification rates a structure according to design, construction, operation and maintenance of environment-friendly buildings.

Based on the plan, the ground floor and mezzanine levels will be open to commercial and retail shops. About 60 to 70 percent of the building will be up for lease and the rest will be for company use. It will have a provision for a roof deck garden.

Located in the Cebu Business Park right in front of retail hub Ayala Terraces, Philam Life’s corporate center is part of an ongoing transformation program which has seen the company streamlining its business centers and offices throughout the country. Through this program, Philam Life aims to provide better access, convenience and quality service to its customers with top-of-the-line facilities.

“The soon-to-rise Philam Life corporate center in Cebu City is a symbol of our commitment to invest in the economic progress of Cebu and the Visayas. This region has been through a lot of calamities and trials this year but we believe the Visayas will not only recover and rebuild, it will also thrive as a main cog in the country’s economy,” said Rex Mendoza, Philam Life president.

“Unfortunately, the region has borne the brunt of climate change in recent years. In order to protect our employees and the people in the area where our building stands, we are making sure that we adhere to the existing building codes and beyond. We hope that this will pave the way for more safe and environment friendly buildings in the future,” Mendoza said.

Mendoza said Philam Life is setting a trailblazer in high-safety standards, adhering to strict earthquake and typhoon resistance codes, designed to withstand winds with a speed of 300 kph which was the speed of typhoon Yolanda, the strongest typhoon ever recorded in the planet.

The new office’s visibility is important to help Filipinos prepare for emergencies. Citing a recent nationwide study commissioned by Philam Life in 2012, he said that of the 325 respondents, 84 percent admitted that they resort to borrowing money and selling properties when confronted with a crisis, an alarming fact in light of recent events.

“As the premier life insurance company, we want to make sure that everyone hears our message and that they understand the importance of insuring their lives and those of their loved ones. Through this new center, we can further spread this message and help Filipinos prepare for any calamity or crisis,” Mendoza said.

Source: Philam Life to build P2.1-B ultra-modern tower in Cebu | Manila Bulletin | Latest Breaking News | News Philippines

[Butitor]

Para nako na way anak dayon kaning akong lovelife mura man wala pag-asa, unsaon pag convince sa akong kaugalingon na mag invest ug education sa future na anak? Di ba makalaay?hehehe Well naa koy investment as MF ra...

[quantuminplus]

@makie29 naay design na sa building?

[makie29]

@makie29 naay design na sa building?

Yes, two towers. Naa sa tapad sa HSBC and across Park Point Residences ang location. Atbang lang gyud sa Ayala ang building.

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Para nako na way anak dayon kaning akong lovelife mura man wala pag-asa, unsaon pag convince sa akong kaugalingon na mag invest ug education sa future na anak? Di ba makalaay?hehehe Well naa koy investment as MF ra...

At your current status nga single pa ka, ok na na ang mutual funds.

[quantuminplus]

ok kaau ng mutual funds gyud btaw samtang single paka..........

[dangelndisguise]

Para nako na way anak dayon kaning akong lovelife mura man wala pag-asa, unsaon pag convince sa akong kaugalingon na mag invest ug education sa future na anak? Di ba makalaay?hehehe Well naa koy investment as MF ra...

@Butitor

i can relate hehe
pro matud sa akong unit manager (FYI i am a Licensed Financial Advisor of Philamlife), preparations daw sa akong future family, kay matud nya think positive lang daw ko.. mgminyo ra jud daw ko lelz (kamao pd ni akong boss da) hahaha

but im thinking of getting a mutual fund like Moneyworks

[sangga]

upupup ko ani,, ill get a family secure plan,, asa office ani sa cebu?