Unsay Nindot Nga Life Insurance?

[YOUR.LIFE.CHOICE]

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I agree with you YOUR.LIFE.CHOICE. VUL can be equated to BTID.
BTID concept can help you insured for life if you know how to manage.
In the later years, the interest of your investment side can pay the premium for your protection.

I just don't buy in to the tradtional Wholelife Plan concept.

Thanks lorenzoleo.

That's your opinion about traditional whole life and I respect that.

Comparing a mutual fund to a traditional whole life is like comparing an apple to an orange.

They are both good and needed.

Mutual fund or other stock market investments works best with time.

Trad. Whole life works best even without time.

Mutual funds can't pay the estate tax while a whole life or term can.

Both are good.

Both are needed.

Better to have the two.


Cheers!

[Simplewish]

I admired Suze but it have to agree and disagree with her about her points on life insurance.

I'll agree that term life insurance is an option but not the best option.

Term is the best for creditors and for the family.

But, ,

Term is only as good and as best when it is in force.

By the time, term expires, its no good anymore.

Yes, one can get a 20 year term insurance and convert it to a permanent plan after it expires . . but here are the questions:

Why is that there is the need to convert a term to permanent life?

Why do we need a permanent plan after 20 years?

I think the answer is simple and clear; the problem is permanent- death is permanent.

If getting a term life insurance is the best solution then why get a permanent plan later on?

Again, the problem is permanent not term(temporary).

Everybody needs a permanent solution.


Assuming, a person aged 23 got a term plan for 20 years and after 20 years that person is 43 years old.

What's the impact of 20 years?

Living 20 years ago is 100 times or more cheaper than today, right?

Living 20 years from now will be 100 times or even more expensive than today, right?

The point is simple.

20 years from now all prices go up by virtue of inflation and economic progress.

20 years from now, how much is the premium for a permanent life insurance plan?

If it's expensive now, how much more 20 years from now?

Since, the need to get a permanent plan is inevitable.

Why wait for 20 years when all prices go up high to ceilings we can't imagine?


Lastly, Suze talked about cash values.

FYI for everybody: Cash values are the returns of a traditonal life insurance where the potential gains are conservative because those funds are invested in Gov't bonds.

Today, with the advent of VUL or Investment-Linked Life Insurance products, we are not talking about cash values anymore but "account values" instead.

The concept of VUL is simple.

Mutual fund + Life Insurance = VUL

The Mutual fund side is "non-guaranteed" and the Life Insurance side is "guaranteed.

In VUL, one is hitting two birds in one stone.

But, It's always best advised to diversify into other viable investment portfolios like mutual fund, online investing or other business ventures.

Bottomline, before doing any investment activities, protect your self and your family first with the uncertainty of life.

One should have a life insurance before anything else.

Cheers!

I so agree on this

[YOUR.LIFE.CHOICE]

I so agree on this

Thanks Simplewish! Just curious, are you in the life insurance industry?

[Simplewish]

Thanks Simplewish! Just curious, are you in the life insurance industry?

Yes I am. I am with PruLife U.K. and I am loving it especially the educating the people part who have none or little knowledge about life insurance. I resigned from a managerial job coz it was eating so much of my time and energy.

[YOUR.LIFE.CHOICE]

Yes I am. I am with PruLife U.K. and I am loving it especially the educating the people part who have none or little knowledge about life insurance. I resigned from a managerial job coz it was eating so much of my time and energy.

That's great! By the way, I'm with AXA. Cheers to us!

[Simplewish]

That's great! By the way, I'm with AXA. Cheers to us!

Cheers!
Cheers Specially to the people who made the right choice of protecting their families welfare, as well as their own.

[_AWESOME_]

learned a lot from this thread... what would be the best life insurance for groups/association?..

[Simplewish]

learned a lot from this thread... what would be the best life insurance for groups/association?..

Good to know you're learning a lot about life insurance. What are you looking for when you asked what would be the best life insurance for groups? There are a lot of things to consider to avoid confusion.

[judz]

For me sunlife grepa, not saying because I'm affiliated with the company but I myself tried their VUL product. For now I'm really satisfied with the flow of my investment rather than letting it sleep on time deposit.

[MK]

Personally, I only buy pure life insurance...currently have a mix of Sunlife and Manulife policies sa akong family. Nothing specific why I choose those 2 companies. It just happened that I have friends there that's it

For investment purpose (savings for retirement or parking area for long term savings), I prefer Mutual funds/Stock Market...