[mxherr5]

Wala pa atang VUL dati so eto ata yung traditional life na may
dividend liquidation option?

Sorry to hear that sir.. pababa ng pababa kasi interest rate eh.
Mukhang hindi nanaman sapat ang dividends nyo para mabayaran
ang annual premiums nyo.

[bauer]

sorry po sa confusion.  my insurance with philam is VERSALIFE insurance. sabi ng agent ko noon 9 years to pay lang and afterwards no need to pay but im covered for life.

after nine years, nagpadala ng letter si Mr. Cuisia, dagdag pa daw ng 2 years.  nag complain ako pero walang courtesy na reply.

nang ika-11th year of payment. naka receive ako ng email from them, dagdag pa daw 1 taon.  ngayon ika 12th year, nag follow up ako ng certificate of full payment.  aba, sagot sa akin sa phone, dagdag uli ng 1 taon (3rd extension).

di ko tuloy alam next year kung bayad na naman uli.  holdap talaga, walang magawa. di man lang magpaliwanag in writing.  gusto lang nila 'mapaso' policy kung di ako mag follow up.  magulang....

[mxherr5]

Meron naman talagang limited pay insurance..
Na check nyo po yung contract?

Otherwise, na misrepresent ng agent yung
product sayo at projection lang yun at depedent
pa rin sya sa dividends mo..

Sadly even during this time when insurance companies
are pushing for agents as financial advisors, meron
pa ring ganung mga agents.

[Leonzky]

sorry po sa confusion.  my insurance with philam is VERSALIFE insurance. sabi ng agent ko noon 9 years to pay lang and afterwards no need to pay but im covered for life.

after nine years, nagpadala ng letter si Mr. Cuisia, dagdag pa daw ng 2 years.  nag complain ako pero walang courtesy na reply.

nang ika-11th year of payment. naka receive ako ng email from them, dagdag pa daw 1 taon.  ngayon ika 12th year, nag follow up ako ng certificate of full payment.  aba, sagot sa akin sa phone, dagdag uli ng 1 taon (3rd extension).

di ko tuloy alam next year kung bayad na naman uli.  holdap talaga, walang magawa. di man lang magpaliwanag in writing.  gusto lang nila 'mapaso' policy kung di ako mag follow up.  magulang....

Merun ka po malamang napirmahan na Acknowledgement of Variability, dapat po inexplain sa inyo na ibig sabihin nun di po sigurado ung 9 years na sinabi ng ahente niyo. Sila ang pinakatinamaan nung 98 crisis sa mga insurance companies dito sa Pilipinas kaya malamang di nakaabot ung dividends niyo para maging fully paid up na in 9 years. Ung dividends po kasi based sa performance ng company kaya di talaga certain ung 9 years. Pwede siguro kayo tumawag para itanung kung magkano pa kelangan para maging fully paid up, may call center naman po siguro sila.

Tama naman po na bayaran niyo na lang kung ilan pang taon ang hingin nila sayang naman kung maglapse kasi naka 11 taon na kayo. o kaya ay hingi kayo ng ibang options kasi pwede naman na pababaan niyo ung coverage para di na kayo magbayad.

[Rothschild]

Don’t invest in AXA, Pru Life, Sunlife, Philam etc.. Instead invest in Retail Treasury Bonds directly (eliminate middleman like insurance company) with minimum placement of P5,000.00 and coupon rate of 6.5% - 8%... Available this October 2011  in all Commercial Banks (BPI,BDO, Metrobank, RCBC).. Interest payment every 6 months which you can spend or re-invest. This is a far better investment available than Insurance Policy na nakaipit ang pera nyo at hindi kumikita!  RTBs are guaranteed ng Bureau of Treasury unlike insurance products doesn’t have guarantee! Protect your money!

[freedomfighter]

Uy may talangka pala dito...  tanong sa iyo, Rothschild, paano kapag nag-invest ng 5,000 ang isang breadwinner sa nirerekomenda mong RTB without first securing the protection of his/her family and death abruptly interrupts his/her goal.   Paano na ngayon ang pamilya nya? magkano ang makukuha nila sa RTB na pinagmamalaki mo?  duh...
Post Merge: Sep 12, 2011, 11:29 AMI think Rothschild is just exposing his ignorance by pretending to be a know it all maverick.   

[palailai]

Uy may talangka pala dito...  tanong sa iyo, Rothschild, paano kapag nag-invest ng 5,000 ang isang breadwinner sa nirerekomenda mong RTB without first securing the protection of his/her family and death abruptly interrupts his/her goal.   Paano na ngayon ang pamilya nya? magkano ang makukuha nila sa RTB na pinagmamalaki mo?  duh...

Looy kaayo ang pamilya....(kawawa yung pamilya)

[nepenthe]

Maganda rin ung RTB pero the purpose of having it in your portfolio is different from having insurance policies.. Ano ba ang purpose ng treasury bonds/bills? Is it to cover your post mortem expenses and your family's expenses? ...just my 2 cents

[itsme_dvo]

@Butuan,

Taga Davao nga pala ako. Sa halos lahat ng pages dito akala ko na tuloy Sun life agents na ang may ari ng Forum.  

Starting pa ako sa Financial Literacy at guide ko ang Book ni Bo Sanchez. I already downloaded all Pesos and Senses Episodes para magkaroon ng information on the possible vehicles to use.

Ang suggestion sa book before going into investments. Start 1st on personal discipline then go to protection. Kaya andito ako ngayun. sa VUL topics hindi ko nakita yung hinahanap ko dahil BIAS ang mga advices dun. ( Yes, nabasa ko yung lahat ng naka sticky topics na located sa "Mutual Funds / UITF / VUL Investing" .. binasa ko from page 1 ! )  Naubos ang buong araw ko sa kababasa ng Biases opinions dun at pabalik balik na advertisement ng mga agents sa kanilang product.

Ilang beses na din ako umattend sa IMG Financial Literacy at sa Pesos and Senses na seminars sa Ortigas.

Nagpapasalamat ako sa iyo at  dito na topic nag post ka ng napakagandang comparison ng mga existing VULs. Mas na-intindihan ko ang Pros and Cons at mga other relevant info nila.  

Meron ka po bang contact number sa Sun cell or skype? Mey mga tanong lang po ako from "Customers / Clients Perspective" Ayaw kong pumunta sa Agent dahil puro flowery words lang ang madidinig ko dun.. Mey experience nga pala ako sa Sales and Marketing. Kaya cguro maiintindihan mo kung bakit ayaw kong lumapit sa sales agent?    (Ah.. alam kung sales agent ka din pero like na mention mo.. Client ka din sa halos lahat kaya ikaw cguro ang pinaka mainam na paghingan ko ng advice. )


Pahabol nadin.. Bat kaya sa Mutual Funds madali lang makakuha ng information online. Bat kaya pag Healtcare specially VUL medyo mahirap. Walang detailed info ng policy readily available online.





 

Post Merge: May 20, 2012, 05:08 PM
Rothschild,

Baka meron kang website links na puwedeng i share sa amin at ng maliwanagan kami.

Bat mo nasabing wag mag invest sa ganitong mga vehicle o tools? Eh mga reputable persons tulad nila Francis Kong, Bo Sanchez at Aya Laraya ang nag suggest nito.

Sana hayaan mong ang bumabasa ng thread na ito ang mag decide. Bakit gusto mo bang kami mag dikta para sa iyo?

Sana mag presinta ka ng iyong opinion dito o rason kung bakit hindi epektibo ang mga ganitong vehicle?  

Don’t invest in AXA, Pru Life, Sunlife, Philam etc.. Instead invest in Retail Treasury Bonds directly (eliminate middleman like insurance company) with minimum placement of P5,000.00 and coupon rate of 6.5% - 8%... Available this October 2011  in all Commercial Banks (BPI,BDO, Metrobank, RCBC).. Interest payment every 6 months which you can spend or re-invest. This is a far better investment available than Insurance Policy na nakaipit ang pera nyo at hindi kumikita!  RTBs are guaranteed ng Bureau of Treasury unlike insurance products doesn’t have guarantee! Protect your money!

[mxherr5]

^

Sir, like I said in that thread, I would go with Sunlife's Flexilink
but admittedly, getting Insular's I-Insure plus investing the rest
on some other fund would be "cheaper" and you'd get more return
on your money.

Sunlife's only downside and this might be a deal breaker for you,
is its very average returns.

[butuan_888]

@Butuan,

Taga Davao nga pala ako. Sa halos lahat ng pages dito akala ko na tuloy Sun life agents na ang may ari ng Forum.  

Starting pa ako sa Financial Literacy at guide ko ang Book ni Bo Sanchez. I already downloaded all Pesos and Senses Episodes para magkaroon ng information on the possible vehicles to use.

Ang suggestion sa book before going into investments. Start 1st on personal discipline then go to protection. Kaya andito ako ngayun. sa VUL topics hindi ko nakita yung hinahanap ko dahil BIAS ang mga advices dun. ( Yes, nabasa ko yung lahat ng naka sticky topics na located sa "Mutual Funds / UITF / VUL Investing" .. binasa ko from page 1 ! )  Naubos ang buong araw ko sa kababasa ng Biases opinions dun at pabalik balik na advertisement ng mga agents sa kanilang product.

Ilang beses na din ako umattend sa IMG Financial Literacy at sa Pesos and Senses na seminars sa Ortigas.

Nagpapasalamat ako sa iyo at  dito na topic nag post ka ng napakagandang comparison ng mga existing VULs. Mas na-intindihan ko ang Pros and Cons at mga other relevant info nila.  

Meron ka po bang contact number sa Sun cell or skype? Mey mga tanong lang po ako from "Customers / Clients Perspective" Ayaw kong pumunta sa Agent dahil puro flowery words lang ang madidinig ko dun.. Mey experience nga pala ako sa Sales and Marketing. Kaya cguro maiintindihan mo kung bakit ayaw kong lumapit sa sales agent?    (Ah.. alam kung sales agent ka din pero like na mention mo.. Client ka din sa halos lahat kaya ikaw cguro ang pinaka mainam na paghingan ko ng advice. )


Pahabol nadin.. Bat kaya sa Mutual Funds madali lang makakuha ng information online. Bat kaya pag Healtcare specially VUL medyo mahirap. Walang detailed info ng policy readily available online.

thank you and nice to know people like you have so much dedication of learning the tenets of financial literacy on your quest for financial freedom

you may call me anytime at 09053364822


Post Merge: May 29, 2012, 05:27 PM

Thanks for being candid with me butuan. Most agents I encounter are kinda paranoid eh hahaha


Whoa, lahat na ata nang VULs meron ka hahaha
Except for Axa, PNBLife and Pioneer Life.

Understandable if you don't have one from PNB and Pioneer.
They're not that popular pero Axa?
How come sir? hehehehe
They're  in the top 5 rin ata dba?

finally I am getting an AXA too.....a 'crossover' for me with their AXELATOR VUL   top up charge is only 2 per cent ( the lowest I have known so far)  and their first policy year premium charge is only 35 per cent ( the lowest among regular recurring pay plans I also have known so far) --> meaning even at the first year, only 35 % goes to the premium charge while the remaining 65 % goes right smack to your chosen fund  ( this is a reverse of Sun and Sun Grepa where the initial first year premium charge is 65%.....succeeding at 5 percent)  

another one that catching attention is the new comer SUN Life GREPA VUL.....with their VULs just launched this february....expect a bargain of cheap NAVPs at 0.998+ (equity) as of this writing... ( the cheaper the NAVP...the more units you can buy)

[mamee]

^

Sir, like I said in that thread, I would go with Sunlife's Flexilink
but admittedly, getting Insular's I-Insure plus investing the rest
on some other fund would be "cheaper" and you'd get more return
on your money.

Mukhang ok nga yun i-Insure then samahan ng I-Heal at I-Care

[mxherr5]

Samahan mo ng I-Pad at I-Phone hehehe...
Kidding.
On a more serious note though, I didn't see the
value in I Heal and similar plans (yan yung parang
HMO type dba)

[blue0626]

mga sir kakakuha ko lang po ng sunlife. Talaga bang may requirement na lost policy declaration na kailangan pirmahan? Pinapirma kasi ako kanina ayun na lang daw ang kulang ko para ilabas ang kit ko.

[kithe]

mga sir kakakuha ko lang po ng sunlife. Talaga bang may requirement na lost policy declaration na kailangan pirmahan? Pinapirma kasi ako kanina ayun na lang daw ang kulang ko para ilabas ang kit ko.

Ano pong kit yun? 

Lost Policy Declaration is only needed if your policy is lost or damaged dahil sa nabaha kayo.. You will sign it and have it notarized, then Sun Life will give you the certification.

Kung kakukuha mo lang po, ibig sabihin, ibibigay pa lang sa inyo ang policy contract..

Ano po ba nag nakuha ninyong plan..