Lets talk about the importance of Life Insurance

[lorenzoleo]

7k? ok ata yan. m 35 na by january. d na ata me pwede nyan. cud u pm me ur numbr

Hi, pm sent. I have a sample Buy Term Invest the difference. http://www.img-corp.com/product%20guide/15.html. Hmm I will check again what is your specific premium for age 35, these sample is for age 30.

[JamesCo]

7k? ok ata yan. m 35 na by january. d na ata me pwede nyan. cud u pm me ur numbr

it depends on the age. the younger you are the cheaper it gets.
Age 21 to 35 approx 5k for 1M and above coverage.
Age 35-40 is more than 5k.

This is Term Insurance

[JamesCo]

It doesn't men that is you get older you don't need life insurance. There is always a final expense where your life insurance will come in handy.

First the is no free funeral.
Second do you want your family to pay the huge estate taxes you left behind?
Your asset may become your families liability. Buy insurance to
Your investment in stock will cost your love ones a huge estate taxes.
If you lost your job or income can you pay for your term insurance? Usually you will stop it and if when the time comes that you can afford to buy insurance again do you think you are still insurable at that time?
As you grow older your insurance cost goes up, why not buy your whole life with a limited pay of 5 yrs or ten (it is Fixed annual premium) and you don't have to worry about high cost of insurance in the future.
With term insurance you are only covered for that year alone you have to pay again and again every year.

this are the priority in life according to its importance.
First - you need Protection (Financial Protection). Buy term insurance if you can't afford Whole Life. When you can afford whole life buy one so that you will have peace of mind after 5 years that you don't need to worry how to pay your life insurance (if it is term).

Second - Savings, in order to improve your lifestyle you need to save. How can you invest if you don't have on money.
Third - Invest your Money. Do not invest on shares if you don't have idea about stock market. There are a lot of agents who just want to have a sale just to profit without minding about your future. They usually tell you the good part but rarely the horror part. I lot of people lost their entire life savings in investing in stock market. Some committed suicide. Don't be lure to the gains they promise you. Think what if the stock goes down or the company you invested closed down. Do you think your agent is concern about your money?

[JamesCo]

Hi, pm sent. I have a sample Buy Term Invest the difference. Cocolife Equity Term 20. Hmm I will check again what is your specific premium for age 35, these sample is for age 30.

Please be careful only the death benefit of 1M is guarantee the rest is not guarantee.

[lorenzoleo]

It doesn't men that is you get older you don't need life insurance. There is always a final expense where your life insurance will come in handy.

First the is no free funeral.
Second do you want your family to pay the huge estate taxes you left behind?
Your asset may become your families liability. Buy insurance to
Your investment in stock will cost your love ones a huge estate taxes.
If you lost your job or income can you pay for your term insurance? Usually you will stop it and if when the time comes that you can afford to buy insurance again do you think you are still insurable at that time?
As you grow older your insurance cost goes up, why not buy your whole life with a limited pay of 5 yrs or ten (it is Fixed annual premium) and you don't have to worry about high cost of insurance in the future.
With term insurance you are only covered for that year alone you have to pay again and again every year.

this are the priority in life according to its importance.
First - you need Protection (Financial Protection). Buy term insurance if you can't afford Whole Life. When you can afford whole life buy one so that you will have peace of mind after 5 years that you don't need to worry how to pay your life insurance (if it is term).

Second - Savings, in order to improve your lifestyle you need to save. How can you invest if you don't have on money.
Third - Invest your Money. Do not invest on shares if you don't have idea about stock market. There are a lot of agents who just want to have a sale just to profit without minding about your future. They usually tell you the good part but rarely the horror part. I lot of people lost their entire life savings in investing in stock market. Some committed suicide. Don't be lure to the gains they promise you. Think what if the stock goes down or the company you invested closed down. Do you think your agent is concern about your money?

Choose the right stocks, if you don't know about the right stocks, you might as well invest in Mutual Funds. You can always pass your inheritance after you don't have Life Insurance after 20 to 40 years. If you just know how MF works, it is good for long term.

[lorenzoleo]

Please be careful only the death benefit of 1M is guarantee the rest is not guarantee.

Of course, i know that. it is just an illustration. But of course your investment will also be given as death benefit, 12% is just a projected value. Please also read the illustration properly.T_T! At least duha ang makuha, Faceamount and Mutual Fund. If you need the money, you don't have to loan it, you could always redeem your MF anytime.

PhilEquity' performance for the last 15 years, it is about Compound Annual Growth Rate (in %)19.44%

12% is already a conservative return.
But if you invest in MF, I strongly suggest that you do it for long term, and you must have emergency funds in your bank account.

FAMI (First Metro Asset Management Inc) is also doing good, and it is a subsidiary of Metrobank. Lately, Metrobank just discuss these to their top managers, my father was also one of them that attended the lecture at Metrobank.

[JamesCo]

Of course, i know that. it is just an illustration. But of course your investment will also be given as death benefit, 12% is just a projected value. Please also read the illustration properly.T_T! At least duha ang makuha, Faceamount and Mutual Fund. If you need the money, you don't have to loan it, you could always redeem your MF anytime.

PhilEquity' performance for the last 15 years, it is about Compound Annual Growth Rate (in %)19.44%

12% is already a conservative return.
But if you invest in MF, I strongly suggest that you do it for long term, and you must have emergency funds in your bank account.

Only if you die before age 70 you will get Face amount and Mutual Fund. If you die at age 80 you only get your Mutual Fund less the Estate Taxes.

In investment Link Life Insurance you also don't have to loan from your policy when you need money you just do a partial withdrawal. and it is very flexible, you can do Top-up anytime just like a bank account you can deposit anytime.

Investment Link Life insurance is almost the same like your Cocolife Equity Term. On the fourth year you are only charge with cost of insurance which is a lesser than annual term. The difference is you are covered for life.

[lorenzoleo]

Only if you die before age 70 you will get Face amount and Mutual Fund. If you die at age 80 you only get your Mutual Fund less the Estate Taxes.

In investment Link Life Insurance you also don't have to loan from your policy when you need money you just do a partial withdrawal. and it is very flexible, you can do Top-up anytime just like a bank account you can deposit anytime.

Investment Link Life insurance is almost the same like your Cocolife Equity Term. On the fourth year you are only charge with cost of insurance which is a lesser than annual term. The difference is you are covered for life.

I have nothing to go against, Investment Link Life Insurance. I just hate Wholelife and Endowment. T_T! At least in BTID, you are in control of your investment, but it needs your discipline. T_T! You are buying units, I'm buying shares. T_T!

[lorenzoleo]

BPI, is also investing in MF, hehehe! Top 3 shareholder in PhilEquity Fund. It is good to invest directly where the bank invests the depositors money. I have my annual report that I have just recently received. You will know who are the wealthy people in these country if you have your own MF account, because top shareholders on the fund is listed in your Financial report.

BSP Provident Fund is also investing at FAMI. T_T!

[Metz]

Only if you die before age 70 you will get Face amount and Mutual Fund. If you die at age 80 you only get your Mutual Fund less the Estate Taxes.

as mentioned earlier, we dont need life insurance in our twilight years kay sa BTID, at an earlier age we already have lots of cash compared to the maturity of a basic whole life insurance.

based on the proposal offered to me for 40k/yr for 10 years. In whole life I will get 1.4m at age 65. In BTID, I will get 10.4M. Why would I need to have insurance past 65 if I can use that 10.4M to pay for estate taxes and the rest will go to my family.

In investment Link Life Insurance you also don't have to loan from your policy when you need money you just do a partial withdrawal. and it is very flexible, you can do Top-up anytime just like a bank account you can deposit anytime.

just to be clear, are we limited to a partial amount of our savings when we want to withdraw with an investment link policy? In BTID, I can withdraw ALL of my savings if I want to.

Investment Link Life insurance is almost the same like your Cocolife Equity Term. On the fourth year you are only charge with cost of insurance which is a lesser than annual term. The difference is you are covered for life.

nope its not the same. its like saying a Picanto is the same as a Honda Civic.

numbers don't lie. the gains with whole life is pocket change, compared to BTID.