Lets talk about the importance of Life Insurance

[Metz]

i really cant appreciate life insurance. Wa pako kita sa value. I really believe na it is best na imo patuyukun imo money sa business. ang life insurance man gud, your allowing other people to prepare your future. and there is a huge risk because gamay ra ang nisurvive na insurances for more than 50 years. do your math, if your 25 years old, your expecting na youll be enjoying the fruits after 35-40 years. most insurances na surving karon and sikat is more than 20 years na.
just an opinion.

your thinking long term bai. life insurance is for immediate need unless dato naka daan where your family wont need the money if you die. but if gapadaku paka sa imo assets, unsa may gamit sa imo small networth vs 1M? nya if puro pajud solid imo assets kan-on pajud na sa estate tax.

with good financial planning, we can cover you in 20 yrs for 1M, after that 20 yrs if daghan naka kwarta then option nalang nimo ang pag renew. As for doing the math, gamay ra kaayo nang Php 8000 gi bet nimo versus 1M, wa pay labot ang savings nga makuha nimo.

if interested jud ka better talk to me in personal aron kasabot ka unsa ang 3 major types of life insurance and ma recommend pa nako ang nindut para nimo. kasagaran man gud mga nipalit ug life insurance, bayad lng maski wa sila kasabot unsay pros and cons sa product nga gipalit nila.

kung tiguwang na ang client, then he can use it for estate preservation kay grabe jud kaayo ang estate tax hehe

[ofw_cebu]

What can you say about Investment link Insurance?, I guess, they call this variable life insurance. . . The advantage I can see on this type of instrument is that you can just pay one off payment, e.g. 20k or 50k then you can decide for your own if you want to top up . . .any thoughts on this?

[Metz]

What can you say about Investment link Insurance?, I guess, they call this variable life insurance. . . The advantage I can see on this type of instrument is that you can just pay one off payment, e.g. 20k or 50k then you can decide for your own if you want to top up . . .any thoughts on this?

bai layo rana sa buy term insurance invest the difference(BTID)
if you want I can discuss the common insurance packages for you so that you can compare the pros and cons. better know now before buying kay long term investment baya na


PM sent!

[honey2723]

What can you say about Investment link Insurance?, I guess, they call this variable life insurance. . . The advantage I can see on this type of instrument is that you can just pay one off payment, e.g. 20k or 50k then you can decide for your own if you want to top up . . .any thoughts on this?

@ofw_cebu - investment-link insurance is one way to invest your money and at the same time have TERM insurance... For a P1M coverage nga naa sa late 20's , you can just be paying somewhere P2040 for the whole year... And the rest of your money can go to the investment na... Buying purely term insurance has it's pros and cons while getting investment linked insurance has also it's pros and cons...

[lorenzoleo]

BTID. Wooooosh! Life Insurance Is just a temporary protection while you still building up your equity line. Puhon Mutual Funds na ang mu work for me and at that time self- insured nako, dili nako mu need ug life insurance whole life.

[A-RUS]

need advise on this one.
i talk to one of the insurance agent regarging there policy, no knowledge about financials kay bag o rako nag sugod sugod ug basa ani nga mga related topics, mf, stock market and insurance,
as of now there was no offer yet but i was curious lang kay i think insurance company man sila but now apil sa ila plan ang investment sa stock market (naa sa plan ang death/accident/critical illness; mao ba ni nakalimot nako and the last is investment).
i've heard the pros lang but ang cons kay medyo gamay ra.
before i proceed with the plan ngayo unta kog second opinion, is this a good one or should i get an insurance then invest the mf separately or is this what they call hitting two birds on one stone.

OT:
nahan ta ko attend ug financial seminar sa IMG kaso it's the time.
naa ko sa night shift nya dili fix ako dayoff then layo pa jud amoa(minglanilla) commute pa jud


thanks in advance, hopefully those financial guru can help me, btw dili ra ako ang interested, naa pud ako mga kauban pero ako lay nipost in behalf.

[wealthyhead]

If you want to be in control, Buy Term Insurance because it's cheap and you can buy the right amount of coverage depending on your annual income. Then Invest in Mutual Fund yourself so you can get the best rates of return.

If you save & invest, you don't need Life Insurance all your life (whole life).

[Metz]

need advise on this one.
i talk to one of the insurance agent regarging there policy, no knowledge about financials kay bag o rako nag sugod sugod ug basa ani nga mga related topics, mf, stock market and insurance,
as of now there was no offer yet but i was curious lang kay i think insurance company man sila but now apil sa ila plan ang investment sa stock market (naa sa plan ang death/accident/critical illness; mao ba ni nakalimot nako and the last is investment).
i've heard the pros lang but ang cons kay medyo gamay ra.
before i proceed with the plan ngayo unta kog second opinion, is this a good one or should i get an insurance then invest the mf separately or is this what they call hitting two birds on one stone.

OT:
nahan ta ko attend ug financial seminar sa IMG kaso it's the time.
naa ko sa night shift nya dili fix ako dayoff then layo pa jud amoa(minglanilla) commute pa jud


thanks in advance, hopefully those financial guru can help me, btw dili ra ako ang interested, naa pud ako mga kauban pero ako lay nipost in behalf.

Bro, buy term invest and invest the difference jud bai. No matter unsay isulti nimo sa standard life insurance agent, BTID will always blow them away.

Why I can say this? I did my research bai, I called them up(2 life insurance companies) and compared their proposal to my calculations, pili lang asa sa duha maka convince nimo,

a) get the same life insurance + savings at half the price. and mas in control paka
OR
b) for the 1M they offered me at age 65, I get at least 10M with BTID.

BTID all the way jud bai. PM me if interested, naa raman pud ko Labangon.

[makie]

need advise on this one.
i talk to one of the insurance agent regarging there policy, no knowledge about financials kay bag o rako nag sugod sugod ug basa ani nga mga related topics, mf, stock market and insurance,
as of now there was no offer yet but i was curious lang kay i think insurance company man sila but now apil sa ila plan ang investment sa stock market (naa sa plan ang death/accident/critical illness; mao ba ni nakalimot nako and the last is investment).
i've heard the pros lang but ang cons kay medyo gamay ra.
before i proceed with the plan ngayo unta kog second opinion, is this a good one or should i get an insurance then invest the mf separately or is this what they call hitting two birds on one stone.

OT:
nahan ta ko attend ug financial seminar sa IMG kaso it's the time.
naa ko sa night shift nya dili fix ako dayoff then layo pa jud amoa(minglanilla) commute pa jud


thanks in advance, hopefully those financial guru can help me, btw dili ra ako ang interested, naa pud ako mga kauban pero ako lay nipost in behalf.

Most life insurance plans come with savings. You will be actually paying for both which makes it expensive and in the end, you could only use only one. If you use the insurance, the savings will be forfeited, or if you intend to use it as savings for the future, you can never use the insurance part.

Look for term insurance. Term insurance provides coverage for a fixed rate of payments for a limited period of time. In contrary to whole life insurance, term insurance is much simpler and much cheaper.

So why is it only limited? Because people never live forever. If you buy whole life insurance, you will be paying for it for your whole life.

So where should you start? Assess your needs and the coverage that you want for your family. Insurance, as the name itself, assures you and your family that they will be financially covered in case your income generating capacity will be stopped. It is an income replacement.

The best use of insurance (in my opinion) is to cover the financial needs of your family while you're still establishing your and your family's financial foundation. You won't need insurance for the rest of your life because sooner or later, you will come to a point where the money that you have accumulated will be more than enough to cover your family's needs and at the same time, is continuing to grow. Aside from that, the cost of premiums increase with age. A 70-year-old person pays much, much more than a 30-year-old person.

Ask your agent if it is whole life or term insurance. Go for the term insurance because it is cheaper.

IMG has this Buy Term and Invest the Difference Concept wherein you get to have a term insurance (Life Insurance) and at the same time, you will have an investment in mutual funds. This is different from whole life insurance (wherein you pay for insurance and savings but only get one) because the term insurance and mutual funds are separate entities. If you use the insurance, the mutual funds will be untouched and vice versa.

Set an appointment with an IMG broker so you could clear things up. Thanks.

[lorenzoleo]

No one can beat the "BUY TERM AND INVEST THE DIFFERENCE concepts" - By Arthur L. Williams (A Billionaire Insurance Executive). I'd rather listen directly to a Billionaire. You have total control of your savings not the insurance company at the same time buying very cheap protection with huge Face Amount.

If you talk about Life Insurance, just go back to the basics, which is term insurance, avoid buying complicated Financial product that you can't understand. Life Insurance is income replacement in case we die to soon, incase we live to long, we don't need life insurance, but we need investments (MF or stocks)

In order to understand "BUY TERM AND INVEST THE DIFFERENCE" (BTID), you must learn how MF works, then you must learn a simple TERM insurance. Buying whole life /Endowment is a rip-off for me.