Understanding Life Insurance: Benefits, Values, Risks, etc.

[thadzonline]

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Ang fully paid pasabot ni stop ko ug pay on the 5th yr or 10th year... maka sustain ni basing sa performance sa AXA.

based on current performance, yes makasustain, what I am saying is dili gihapon na siya guarantee

Sa AXA, as long as imo acct value is lesser than the sum insured mo deduct na sya ug COI. Depende sa performance sa stock market, on the 15th yr. mo equate na imo acct value sa sum insured. After that wala na ni sya deduction. Ang deduction depende pud sa age og coverage...

again, as per your statement, depending on stock market performance, wala gihapon garantiya.

Duna ko 5 ka client 3 doktor, 1 seaman, 1 business woman... humana sila sa TARGET PAY na 10 yrs nya gi pa bayad sila balik. Kining seaman na client yesterday lang... humana sya sa 10yrs target pay nya gipabayad na pud sya ika 11th year na. Giingnan siya na sa 2017 pa daw mo end iya payment na pud. Mo total ug 17yrs iya pay nga tag 80k annual. Dili pud daw sila maka withdraw.

i dont know what company imo pasabot ani, but yes this is a possibility depending on fund performance. Depende pod na sa iyahang entry into the market kay its also possible nga today bullish ang market, a few days later bearish that sustains over a period of time.

Duna man ko kauban sa AXA na formerly taga didto na insurance, MDRT ni sya sa AXA, gi explain niya nako EVEN sya duna pud ana nga policy wala sya mahimo pud. Mao ni balhin sya sa AXA as agent. Sa iya experience wala sya client gi pabayad after na human sa TARGET DATE.

It's a good thing nga natuman gyud ang target pay and wala na kabayad beyond that. But that does not guarantee gihapon nga dili na mahitabo in the future, again, magdepende gihapon na sa market performance and magdepende pod na ug maayo ba pagkamanage ang investment fund. Don't get me wrong, ha, I'm not being negative. I'm just pointing out the possibility para pod mas makasabot ang uban which is the purpose of this thread.

One time pud padung mi sa dumaguete duna mi naka sakay na taga lain insurance, this is the same insurance company nga mga clients nako ni reklamo.... 16yrs na sya ani nga company but 'BILIB" daw sya sa VUL sa AXA.

that's a good thing for the industry that naay insurance company nga people have trust in. Of course, different agents from different companies will have their good stories to tell. It is up for people to discern.

Personally, I believe nga thriving ang Philippine life insurance industry kay because of what happened sa pre-need nato before, mas nindot na ang safeguards in place.

[FKtemp]

@thadzonline, insurance agent ka bai? nice kay mo sulti jud ka nga wala guarantee nga dili na maka bayad to be life insured if you get VUL.

[medwarc]

Hello

unsa nga company ang naay best offer sa term life? so far, sa ako pag search Sun life ako nakit an nga cheap and maayo. any better options kaha? open ko to suggestions.

salamat

Bro, I would be biased but so far, what we have in IMG is the cheapest term insurance. Our partner company by the way is Philam.

For a 33 yrs old - you will pay only P3,380(LIFE+ADD+TIB) and you have a coverage of P1M already. CIB is optional which is P2350. So it would be a total of P5730(LIFE+ADDD+TIB+CIB)

Of course this is exclusive only for IMG members and he should have a kaiser long term healthcare also. For me, this is a very diversified approach. Separating life insurance, healthcare, and my mutual funds/stock investment.

TIB = terminal illness benefit
ADDD = accidental death, dismemberment, & disablement
CIB = critical illness benefit

[Mark Tudtud Ambalong]

This is some really great information! Thank you so much, definitely gonna get this bookmarked

[rexter]

Onsay masulti ninyo aning insular life? comments pls.

[koikox]

Bro, I would be biased but so far, what we have in IMG is the cheapest term insurance. Our partner company by the way is Philam.

For a 33 yrs old - you will pay only P3,380(LIFE+ADD+TIB) and you have a coverage of P1M already. CIB is optional which is P2350. So it would be a total of P5730(LIFE+ADDD+TIB+CIB)

Of course this is exclusive only for IMG members and he should have a kaiser long term healthcare also. For me, this is a very diversified approach. Separating life insurance, healthcare, and my mutual funds/stock investment.

TIB = terminal illness benefit
ADDD = accidental death, dismemberment, & disablement
CIB = critical illness benefit

Boss, ngano kailangan ug Kaiser before maka kuha sa Term Life sa Philam? dili enough ang member lang ka sa IMG?

salamat

[thadzonline]

@thadzonline, insurance agent ka bai? nice kay mo sulti jud ka nga wala guarantee nga dili na maka bayad to be life insured if you get VUL.

I used to be an agent in 2 of the biggest insurance companies in the country and im planning to go back sa industry(hopefully as UM). Dili man gyud na guaranteed ang VUL and it is actually an agent's responsibility to make sure the clients understand those risks and any agent who guarantees a VUL policy is actually violating the code of ethics. Only traditional policies or term policies have a guaranteed face amount. Mas gamay lang gyud hinuon ug yield ang traditional policies but there are also features of traditional policies nga wala sa VUL and term.

That said, kung mopalit ug policy, make sure lang haum sa imohang goals ang gipalit nga policy. What is it for? Is it to protect your income and the lifestyle of your loved ones whenever something happens to you? Is it to address health needs when they surface unexpectedly? Is it to prepare for your children's future? Is it to accumulate a retirement fund? or is it to increase your wealth? Different kinds of plans will answer different kinds of needs.

Also, understand the risks, understand the benefits, and understand your responsibilities(like dili ma lapse ang bayad, unsa remedy kung molapse, pila ang grace period, until how long nga pwede pa mareinstate ang policy kung malapse gyud).

[makie29]

Ang fully paid pasabot ni stop ko ug pay on the 5th yr or 10th year... maka sustain ni basing sa performance sa AXA.

Wait for the bear market and see if the fund could sustain the massive drop of the market.

[FKtemp]

Wait for the bear market and see if the fund could sustain the massive drop of the market.

I'm hoping bai that if we experience bear market... dili lng onta dugay, kay daghan ko mga amigo ni kuha og VUL insurance.

[dougiestyle]

Mga idol, unsa'y limitations aning life insurance? Kay akong uncle, nadiagnosed man gud ug Hepa B mga 4 years ago pero wala jud siya'y symptoms. Insurable pa ba gihapon na siya? Unsa'y pwede namong mahimo para niya?