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New Product of Insular: I-Insure (Launched 9/13/2010)

mjtfernandez · 15 · 4085

mjtfernandez

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Just yesterday I received a circular from Insular Life that the head office has just launched our newest product I-Insure. There were not much clear details about it yet but will inform you all guys here at PMT once the details of the product are clear.

 :cool2:


mjtfernandez

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Reply #1 on: Sep 15, 2010, 06:15 PM
Just got a sneek peek. I-Insure is a term insurance. More details soon.


waterfront

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Reply #2 on: Sep 15, 2010, 08:04 PM
there is nothing new except the idea to "milk" more money from the policyholders. in times when one needs fund, the policyholders have to borrow their own money which carries interest. it is like "frying yourself in your own cooking oil".   :thumbsdow :dont:


mxherr5

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Reply #3 on: Sep 15, 2010, 08:19 PM
term insurance daw sya which means there
is no cash value to borrow from.

you don't die, they don't pay  :D
eto yung parang car insurance,
walang "investment" aspect

pero ngtataka rin ako bakit new?
may gimmick ba to?
normally ang term ay wala nang ibang features?

Keep us posted Mark  :thankyou:


bauer

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Reply #4 on: Sep 17, 2010, 12:31 PM

Just got a sneek peek. I-Insure is a term insurance. More details soon.


im interested on this.  insular's money-back term life is good so far.


mjtfernandez

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Reply #5 on: Sep 17, 2010, 04:27 PM
Hey guys, just came from a product introduction forum today. I-Insure product is one of our affordable and flexible term insurance.

Flexible -
Term insurance has many uses, some are for paying debts (in such case called Mortgage Redemption Insurance) some are for financial protection for the least costs (especially for guys with kids), some are for disability protection and some are for medical protection (our new medical plus allows refunds of a portion of unused medical funds after five years). All of these benefits may be added from I-Insure.

Affordable -
Since Insular Life is a mutual company, the company can afford cheaper premiums because it does not have to distribute part of its money back to the shareholders (because the company does not have shareholders) instead it goes back to policy holders in the form of dividends (for dividend participating products) or cheaper premiums (for term and non-participating products).

For example at age 35 (standard case), a 5M term insurance will be:

If Yearly Renewable-15,750 a year

If Level Term for 5 years - 22,450 a year

If Level Term for 10 years - 21,050 a year

If Level Term for 15 years - 24,200 a year

If Level Term from age 35 to age 65 - 34,950 a year

*Discounts will be given for one time cash payments

-------------

Thus far, we have established I-Insure as the Affordable and Flexible plan.

Convertability - The I-Insure plan can be converted to any non-VUL plan with the same or lesser face amount. No need for medical examination or proof of insurability upon convertability (to for example, a whole life plan). Further, any cash values accumulated (for I-Insure 65) will be used to pay part of your first year premium. Wow!

If I-Insure is bundled with our pre-existing plans, it can make the products much more effective in achieving your financial goals and protection requirements.
 :cool2:

Proud to be Pinoy. Proud to be Insular.  :cool2:


bauer

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Reply #6 on: Sep 22, 2010, 12:35 PM
meron ba uling "money back" feature yung term insurance?


mjtfernandez

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Reply #7 on: Sep 22, 2010, 12:48 PM
I-Insure 65 has a cash value in the middle portion of the term insurance. But diminishes thereafter. Its because its a level term insurance till age 65 which means you pay the say amount till age 65. However, if you took a yearly renewable term insurance, you could have paid a lower amount on the first few years. This difference is the cash value which you can use when converting to a permanent plan. However, this cash value diminishes after the midpoint of the term covered as the cash value will be used to pay for the higher premiums after the midpoint. For example, you get a life insurance from age 25 to 65. At age 45, the cash values slowly diminish.


mamee

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Reply #8 on: Jun 03, 2012, 04:57 PM
mxherr5 - may life insurance po kayo?  :D

Hey guys, just came from a product introduction forum today. I-Insure product is one of our affordable and flexible term insurance.

Flexible -
Term insurance has many uses, some are for paying debts (in such case called Mortgage Redemption Insurance) some are for financial protection for the least costs (especially for guys with kids), some are for disability protection and some are for medical protection (our new medical plus allows refunds of a portion of unused medical funds after five years). All of these benefits may be added from I-Insure.

Affordable -
Since Insular Life is a mutual company, the company can afford cheaper premiums because it does not have to distribute part of its money back to the shareholders (because the company does not have shareholders) instead it goes back to policy holders in the form of dividends (for dividend participating products) or cheaper premiums (for term and non-participating products).

For example at age 35 (standard case), a 5M term insurance will be:

If Level Term for 10 years - 21,050 a year

If Level Term for 15 years - 24,200 a year

If Level Term from age 35 to age 65 - 34,950 a year

If I-Insure is bundled with our pre-existing plans, it can make the products much more effective in achieving your financial goals and protection requirements.
 :cool2:

Anong pwede i-bundle sa I-Insure? :)


mjtfernandez

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Reply #9 on: Jun 04, 2012, 10:41 PM

Anong pwede i-bundle sa I-Insure? :)

Actually madami po. Pwede whole life and term life e bundle. Pwede din investment and term life e bundle. Pwede din single VUL and term life. Pwede endowment and term life. Pwede health insurance and term life. Maraming pwede po. =)


frank1925

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Reply #10 on: Jun 05, 2012, 09:59 AM
for a 3M term insurance, hw much wil b d premium if yearly renewable? im 30 y/o.  :thankyou:


mjtfernandez

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Reply #11 on: Jun 05, 2012, 01:55 PM
for a 3M term insurance, hw much wil b d premium if yearly renewable? im 30 y/o.  :thankyou:

8780 for a 3M yearly renewable term insurance. if interested just give me a buzz. more info about me at www.mjtfernandez.com


mamee

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Reply #12 on: Jun 05, 2012, 08:08 PM
Actually madami po. Pwede whole life and term life e bundle. Pwede din investment and term life e bundle. Pwede din single VUL and term life. Pwede endowment and term life. Pwede health insurance and term life. Maraming pwede po. =)

What if I I want I-Insure and I-Iheal - pwede ba yun?


vgal0579

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Reply #13 on: Jun 07, 2012, 10:20 AM
am interested on this...


mjtfernandez

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Reply #14 on: Jun 09, 2012, 10:03 PM
What if I I want I-Insure and I-Iheal - pwede ba yun?

Hi Mamee, pwede po. Please request a proposal from my website at www.mjtfernandez.com

am interested on this...

Hi Vgal, saw your request, I'm making the quotations to your email na po. Senxa na po if I cannot reply immediately, I'm having a vacation here in the US and be back June 23 in the PH. I have connection when I'm at the hotel lang po.
« Last Edit: Jun 09, 2012, 10:15 PM by mjtfernandez »


 


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