Unsay nindot nga health insurance?

[brandnewbien]

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Naay life insurance nga naay health insurance?

kung naa unsa inyo ma suggest pinaka nindot?

State pros and cons with these different companies.


murag dli diay ni dri, basin sa health section ni. palihug lng ko ug move kng na sayop ko

[wizard_jamex]

LOL @ brandnewbien

Why you made this thread?

[makie]

From what I know, Kaiser and Cocolife are offering very lucrative health and life insurances. Both are ideal for investments.

Kaiser is a long term health care plan. Bayad lang ka for five years for the premium and after 10 more years, you have the option to redeem a lumpsum of your investment, just a part of it, or let it grow further. So how does it work? After 5 years of paying the premium, assuming you weren't able to use your policy, your policy will compound 10% annually depending on the plan.

So for example you got a policy worth P100,000 of face value, 10% of P100,000 will compound from the first year thereon. So at the first year, P10,000 + P1,000 then on the second year, it's going to be P11,000 + P1,100 until the 10th year.

Other than that, if you haven't used the policy for the whole 15 years, part of the lumpsum that you could take is the benefits. All in all, for a plan worth P100,000 of face value, you could get more than P500,000 after 15 years. If you decide to let it grow further, that P500,000 will continue to compound by 10% annually.

Cocolife offers BTID which is a bundle of life insurance and an investment. Out of the premium that you paid, part of it will be going to mutual funds (United Fund) and part of it will be going to life insurance which will cover you for a face amount depending on the premium. Bayad lang ka for 5 years then after 5 years, your investment (mutual funds) will be taking care of your life insurance meaning, after 5 years, di na ka magbayad ug life insurance but rather your investment is taking care of it.

What's so good about BTID? Mutual funds could give returns for as high as 50% annually. Kung long term ang tan-awn, it's very promising. Imagine putting in say P30,000 annually in mutual funds for 5 years, it's more than P200,000 after 5 years. For the computation, it's like this:

Year 1 - P30,000 + P15,000 (50% return)
Year 2 - P45,000 + P24,500 (50% return)
Year 3 - P69,500 + P34,250 (50% return)
Year 4 - P104,750 + P52,375 (50% return)
Year 5 - P157,025 + P78,512.50 (50% return)

Total after 5 years = P235,537.50

*50% is just a superficial amount. MFs could go higher or lower than that,

In BTID, you get covered depending on the face amount and at the same time, you get an investment.

So far, those two ang akong ganahan. As far as pros and cons are concerned, mao ni akong nakita:

Pros:

1.) Long term, these are really great investments. Dako gyud kaayo ug tubo because of compounding

Cons:

1.) Tax issues. The greater the amount, the higher the tax
2.) Risk. All kinds of risk, sickness, disability, or the status of the company

[brandnewbien]

From what I know, Kaiser and Cocolife are offering very lucrative health and life insurances. Both are ideal for investments.

Kaiser is a long term health care plan. Bayad lang ka for five years for the premium and after 10 more years, you have the option to redeem a lumpsum of your investment, just a part of it, or let it grow further. So how does it work? After 5 years of paying the premium, assuming you weren't able to use your policy, your policy will compound 10% annually depending on the plan.

So for example you got a policy worth P100,000 of face value, 10% of P100,000 will compound from the first year thereon. So at the first year, P10,000 + P1,000 then on the second year, it's going to be P11,000 + P1,100 until the 10th year.

Other than that, if you haven't used the policy for the whole 15 years, part of the lumpsum that you could take is the benefits. All in all, for a plan worth P100,000 of face value, you could get more than P500,000 after 15 years. If you decide to let it grow further, that P500,000 will continue to compound by 10% annually.

Cocolife offers BTID which is a bundle of life insurance and an investment. Out of the premium that you paid, part of it will be going to mutual funds (United Fund) and part of it will be going to life insurance which will cover you for a face amount depending on the premium. Bayad lang ka for 5 years then after 5 years, your investment (mutual funds) will be taking care of your life insurance meaning, after 5 years, di na ka magbayad ug life insurance but rather your investment is taking care of it.

What's so good about BTID? Mutual funds could give returns for as high as 50% annually. Kung long term ang tan-awn, it's very promising. Imagine putting in say P30,000 annually in mutual funds for 5 years, it's more than P200,000 after 5 years. For the computation, it's like this:

Year 1 - P30,000 + P15,000 (50% return)
Year 2 - P45,000 + P24,500 (50% return)
Year 3 - P69,500 + P34,250 (50% return)
Year 4 - P104,750 + P52,375 (50% return)
Year 5 - P157,025 + P78,512.50 (50% return)

Total after 5 years = P235,537.50

*50% is just a superficial amount. MFs could go higher or lower than that,

In BTID, you get covered depending on the face amount and at the same time, you get an investment.

So far, those two ang akong ganahan. As far as pros and cons are concerned, mao ni akong nakita:

Pros:

1.) Long term, these are really great investments. Dako gyud kaayo ug tubo because of compounding

Cons:

1.) Tax issues. The greater the amount, the higher the tax
2.) Risk. All kinds of risk, sickness, disability, or the status of the company

thanks bro for the very helpful information. I will try to check them out, both.

[hambugero]

interested in health insurance for seniors... please send me details.. ty

[makie]

@hambugero: Sent you a PM

[firestarter]

Nice information.. bro. Asa man sila mag invest ani? sa gawas ni or diri lang sa Pilipinas?

OT: Hehe.. Imbaha aning mga example bro oi. 50%. I know it's superficial as what you said. Mao ni ang ilang gimarket nga rates?
At this rate, we will be owning half the country in no time.

[makie]

Nice information.. bro. Asa man sila mag invest ani? sa gawas ni or diri lang sa Pilipinas?

OT: Hehe.. Imbaha aning mga example bro oi. 50%. I know it's superficial as what you said. Mao ni ang ilang gimarket nga rates?
At this rate, we will be owning half the country in no time.

These companies diversify the money into different investments. Where do they put it, we don't know. Possible pud they put it somewhere else like outside the Philippines.

Regarding the rate, yes, 50% is very high but it is also very possible. PhilEquity (mutual fund company) did 65% in 2009 and 53% in 2010. Medyo hinay lang for 2011 because of bad economic conditions worldwide. Theoretically, mutual funds has an average rate of return annually of 12%. Naay computation ana. It's kinda far from 50% but dako2 sad gyud na nga gain.

[ynan]

for AXA inquiries just PM me... thanks...

[cebu.opportunities]

^^Health insurance and HMOs are different. Ang health insurance kay moreimburse ra. Angay parison ang HMO and health insurance. Ang HMO ang mobayad sa mga bills then ireimburse sa health insurance ang expenses incurred during the hospitalization.

If isa lang sa ang pilion,
better unahon ang HMO noh kay if health insurance, i-reimburse raman nila so ikaw sa una magbayad if ever walai existing HMO.

Thanks ani sir Makie.