Lets talk about the importance of Life Insurance

[greywolves]

Can anyone give the advantages and disadvantages between life insurance and pension fund. Which is more better in the long run?

[Metz]

Can anyone give the advantages and disadvantages between life insurance and pension fund. Which is more better in the long run?

term life insurance with mutual fund investment can be programmed as a pension fund.
depende sa imo need and number of years gusto ka magbayad macalculate nato na.

My goal is 20M in mutual funds pag 50 to 60 yrs old. at 10% gain per annum it will be 2M per year, divided by 12 its 167K per month. Im sure mabuhi nako ana hehe.

[greywolves]

Buy term, invest the difference insurance how this works? Example 5 years policy with 5,000 per annum, whats the difference? Am i going to invest personnaly or the my agent for the difference.

[Metz]

Buy term, invest the difference insurance how this works? Example 5 years policy with 5,000 per annum, whats the difference? Am i going to invest personnaly or the my agent for the difference.

ill give you the basics but if you want mas detailed we need to talk jud aron I can answer your questions immediately, kay basin naa kay malibgan if magbasa raka.


for standard 1M life insurance at 30yrs old, is 30k paid annually until age 99.
for term 20 years 1M, its 10k for 20 years.
naay difference of 20k, which you will invest in mutual funds. Tudluan ka namo asa ka mo invest ug how to manage your fund. sayon ra kaayo and the difference in earnings is huge!(see my post above).

most insurance companies, they will only offer 5 or 10 year term but they will always push the bundled insurance kay dinha man mo kwarta ug dako ang Insurance company. Exclusive ra sa IMG ang 20 year term life offered by Cocolife. Even Cocolife agents are limited to 10 year term.

[wizard_jamex]

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.

Mao jud. NIce ang BTID kaysa other type of LI.

[greywolves]

Naa koy PM ni bay.

ill give you the basics but if you want mas detailed we need to talk jud aron I can answer your questions immediately, kay basin naa kay malibgan if magbasa raka.


for standard 1M life insurance at 30yrs old, is 30k paid annually until age 99.
for term 20 years 1M, its 10k for 20 years.
naay difference of 20k, which you will invest in mutual funds. Tudluan ka namo asa ka mo invest ug how to manage your fund. sayon ra kaayo and the difference in earnings is huge!(see my post above).

most insurance companies, they will only offer 5 or 10 year term but they will always push the bundled insurance kay dinha man mo kwarta ug dako ang Insurance company. Exclusive ra sa IMG ang 20 year term life offered by Cocolife. Even Cocolife agents are limited to 10 year term.

[wealthyhead]

I suggest buying 20-year level term --> for a 30 year old = around 8k (annual) for P1M coverage
Invest the difference yourself to mutual funds.

Instead of buying "cash value" life insurance, only buy term because it costs very much cheaper, then you can invest the rest of your money. and when you need cash later, you don't have to loan it.

Buy term, invest the difference insurance how this works? Example 5 years policy with 5,000 per annum, whats the difference? Am i going to invest personnaly or the my agent for the difference.

[lorenzoleo]

I suggest buying 20-year level term --> for a 30 year old = around 8k (annual) for P1M coverage
Invest the difference yourself to mutual funds.

Instead of buying "cash value" life insurance, only buy term because it costs very much cheaper, then you can invest the rest of your money. and when you need cash later, you don't have to loan it.

Sakto! Hehehehe! Don't loan your own money. T_T! Buy Term then invest your money directly where you can control it.

[greywolves]

Unsa imo ika suggest nga insurance company brad?

I suggest buying 20-year level term --> for a 30 year old = around 8k (annual) for P1M coverage
Invest the difference yourself to mutual funds.

Instead of buying "cash value" life insurance, only buy term because it costs very much cheaper, then you can invest the rest of your money. and when you need cash later, you don't have to loan it.

[lorenzoleo]

Unsa imo ika suggest nga insurance company brad?

United Coco Planters Life (Cocolife), ilaha pud ng UCPB. Nindot ang gi offer sa Cocolife kay Term Insurance, then IMG ra pud ang exclusive nag distribute ani. T_T!