[talisman]

Hi to all PMT'ers

Reading most of the topics here at PMT, i can say that it has been a truly educational experience. From zero knowledge, now I understand a little about UITF, Mutual Fund, stocks and the like. Thanks.  Pero one topic na wala talaga akong maintindihan is Medical Insurance and HMO’s or even the difference between the two.  I read somewhere here na importante magkaroon ng insurance which imho is true.  Tried  to read on the topic but am not really familiar with the terms (VUL, term, whole term) and the different providers (Maxicare, Medicard, Blue Cross, Caritas and many others). 
I’m a 42 yr old male, smoker. I maintain a small business which earns a modest amount for our daily needs and the little extras.  Hindi ako naging formally employed by a company so I never had the chance to be part of a group insurance, which I think this is one of biggest the perks in working for a company.  So now, talagang Philhealth lang as voluntary contributor.  My partner (we’re not married, yet) is a decade younger (non smoker) and we have a 6 yr old daughter.  She used to be employed pero I asked her to help me out in our business.  Her insurance is also Philhealth alone. 
While both of us are not sickly, medyo we are thinking of the “what if’s” na rin.  With the current hospitalization rates, not sure if Philhealth can really be helpful kasi.   Ang gusto lang sana namin is payment/reimbursement of hospital bills and PF’s of doctors.
Sir’s/ Madam’s, I’d really want to get your advice on the following if it’s not too much to ask-
A.Ano po ba ang ma sasuggest nyo na medical/health insurance/HMO?
   -Is there such an insurance which is in effect until old age?  I’ve read na meron ten years tapos may return na 70% after the 10th year pero paano na after the insurance period is over.
  -An insurance  na investment din?  Kahit tuloy tuloy for a certain number of years ang hulog. I’ve heard of Sunlife but not too familiar with their many products
  -Ang insurance po ba yearly lang na pag natapos ang year paid for eh expired na rin?  Eto ho ba ang tem insurance?  Is this a good deal?
B.Sa mga HMO’s po ba by year lang ang effectivity?  Alin kayang insurer ang ma rerecommend nyo based on experience?   Meron bang pang long term?

Thanks so much.  I asked too many questions on my first post.  I hope its ok. 

[mxherr5]

Life insurance until old age, of course halos lahat ng insurance companies may ganung product.

HMO-Like Life insurance on the other hand, I only know of 3
Insular's I-Heal
Manulife's HealthPlus
Philam's Health100(ata)

They are like HMO's wherein you are covered for age 100(ata, philam for sure
until 100) but there's a lifetime limit of 1M(normally) meron rin 2M,etc

Normally, 20 years to pay to.

Yung insurance with investment is called a VUL.

Tama po, term po yung yearly lang ang effectivity.

Other insurances are for life with payment period of for life,
10 years,20 years, etc.

HMOs are like term rin na yearly rin ang effectivity.