Dude, you have to read my comment again. I mean really understand what
I'm trying to say first.
I said I had tried to find a competent agent but ALL of the AXA agent/FE
I met had inadequate knowledge. Hahahaha obviously I didn't mean to
say all of the AXA agents were incompetent as I haven't met all of them.
That wouldn't have made sense
Any points they failed to mention might have caused me to make
that sweeping statement eh? You make it sound like they just failed
to mentioned something haha. I'm telling you, I asked a straight question.
They couldn't give a straight answer.
Question: What are the cost of insurance rates
Answer: There is no other charges except for the premium charges
What?.. it clearly states on their proposal that there are cost of insurance
charges and admin charges
Their reply? Hmmmm.. I didn't know about that. I'll check that.
Question: So how does your inflation protection feature work?
Does the annual premium increase or just the face amount
Answer: Hmmmm... wala yan sir. Hindi yan ganun ka importante
Maliit lang yun.. Based yun sa declared rate ng company
My Answer: You mean CPI.
Their Answer: I'll have to get back to you on that
No one ever did.. Looks like its too much work or something hehe
So butuan, tell me does it look like I have been just closed minded so to speak?
And why do I want insurance from another company? And this from a guy
who has policies from multiple insurance companies. Right back at you
sir, why did you get policies from other companies? Were you not satisfied
with the previous insurance companies? I'm guessing its not that right?
So you probably already have an idea why I want one from another company
Anyway, to answer your question, I just like to get one from another company
to have eggs in another basket so to speak and I also like to partake in AXA's
Post Merge: Sep 01, 2011, 02:04 PM
'Yung anti-inflation feature po ng AXA is so simple. It is computed based on the CPI (Consumer Price Index) na inilalabas ng Bangko Sentral. Thru this feature 'yung sum insured n'yo after year/s would still be of the same value of your sum insured on the the day of your policy's inception. And this CPI is usually at 2%
And again napaka-unfair to generalize all insurance agents/FEs/FAs/FCs. Thinking that something is wrong with everyone is not a healthy thought. If I would be lead to think this way, I'd better ask myself because there might be something wrong with how I grasp things.
"Baka nasa akin pala ang mali at hindi sa kanila?"
"Di kaya sarado lang talaga isip ko, o di lang talaga ako makaintindi?"
That's what I also said.. but the agent said that its based on
a figure AXA declares. Maybe the percentage is based on the CPI
only and not on the CPI?
But since you look like your knowledgable, why don't you answer
the questions that your fellow agents were not able to answer?
1. So, only your sum assured will increase then. Your annual
premium stays the same?
2. The agent also said something about forfeiture of this feature
of not excercised for x number of years? But the agent wasn't able
to tell me how many years I have before I have to excercise this
option so as not to loose this priviledge.
3. If I forego excercising the said priviledge for a few years, is the
priviledge accumulated so that when I excercise it on say the 10th year,
I can increase my sum assured by more than the current year's CPI?
4. Excercise of this option is automatically not subject to additional underwriting?
Hay, another one. Dude, I'm sorry but I'm just saying what I see.
Again let me make it clear what formed my opinion of AXA.
1.) Other company's agents were able to answer my questions just fine.
Some did not/could not divulge their COI rates but they knew what
2.) Multiple agents.. A lot/plenty of agents.Tried and tried again. But still
no luck. All of those I met with still cannot answer my questions.
I'm not saying all of AXA agents have inadequate product knowledge
but I guess those with adequate product knowledge are in the minority.
Plus if you look at the net, there are a lot.. a whole lot of complaints
against AXA. Compare that to PruLife which also has VUL as their
main product. PruLife has no complaints.
I wonder why?
I had thought I wouldn't have a problem since I know what to ask
and an agent won't be able to fool me or inadvertently mislead me.
But alas, I wasn't able to get the answers I was looking for =(
About your last point.
I have no problems understanding explanations made by agents from companies
offering VULs like
That's all of insurance companies offering VULs btw as of last year
except BPI-Philam(Still Ayala Life back then) and Philam-Equitable
So you're saying that those agents from those 8 insurance companies
are on the same wavelenght as me and I'm just not understanding
MULTIPLE AXA agents I have met? Hmmmm... That doesn't make any sense sir.
Anyway, another AXA FE did say that you are now aware of the COI
and its included in your training clinic. So maybe you're one of the
new generation FEs who are more knowledgable then?
I have talked with AXA agents from 2008-2010 so the last agent
I talked with was still from last year.