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Sun Life Prosperity Funds

purplehazel · 454 · 115813

freefront

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^ask if she has a license for MF.
The initial went down to 5K sometime last yr. pa yata or early this yr. because of the campaign for financial literacy.


freedomfighter

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you're correct freefront.  initial minimum is 5K only and subsequent is as low as 1K only, as frequent as you want.

@kenshin   If your advisor's recommendation is to go for a Vul, you should have full appreciation of the advantage/disadvantage of getting one, as presented by your advisor.  Baka kasi wala ka pang life insurance or you're still under protected kaya yun ang recommendation nya.  With Vul kasi you enjoy both having protection and investment at the same time.  Pero tanungin mo na rin sya if licensed sya for MF.

At the end, ikaw pa rin naman magde-decide.  

Regards!


Anthony Cura
Financial Advisor
Licensed Mutual Fund Representative
Sun Life Financial
thonycoors7@yahoo.com
anthony.s.cura@sunlife.com.ph
0917-5803858


AbysmalSpecter

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I opened Sunlife Prosperity Balanced Fund early this month.  I am setting aside a certain amount to buy on a monthly basis.



freedomfighter

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Here's my take, kenshin... since you confirmed that you indeed has no insurance yet then I suggest you consider a diversified portfolio with us instead of just taking a stand alone MF approach. You see, life insurance is an indispensable foundation of a sound financial planning. As financial advisors, we would be doing a disservice if we are not able to point out to you the prudence of having a comprehensive plan that would automatically be on auto-pilot or would self-complete (in contrast to self-destruct), just in case disability, or diagnosis of a critical illness, or even if death interupts your wealth accumulation plan.

Yes, you may be young, healthy, and even feel immortal, that accident or diagnosis of a critical illness or even death may happen to other people but not to you. But I'm telling you, it may happen to you, or to anybody, even to me -sooner or later. What if mangyari nga yun? What will happen if assuming you intend to accumulate say 1Million in 10 years time and you started setting aside a portion of your income every month to a Mutual Fund account alone, without any insurance protection on the side?

Let's say nag-open ka ng MF with an initial 5K and then you made regular monthly subsequent investments or top-ups into your mutual fund and then suddenly disability strikes. Nawalan ka ng trabaho since disabled ka na. Syempre ang makukuha mo lang ay kung magkano naipon mo with your Mutual Fund. Actually to be precise, kung magkano lang fund value nya at that time. Hanggang duon na lang sya! Maari pa ngang negative pa if down ang market. What if P5,000 pa lang na-invest mo? Di ba disaster yun? Self-destruct na stand-alone Mutual fund approach mo kung magkagayon.

Do you know that there is wisdom in using the strategy of using "leverage" in building-up your investment portfolio? An example of utilizing leverage is when you buy a real estate property using an easy payment installment scheme. Let's say you bought a real estate property worth 1Million with this strategy and you only paid an initial installment of 5% or 50K pesos. But by virtue of said installment payment, you have now an interest in an asset that is worth more than what you actually invested or paid for!

Ganun din yun if you take a regular pay VUL. You are actually using leverage. With Sun Flexilink, you could start by getting a 500K or 1Million worth of Life insurance by just paying the initial quarterly premium muna, i.e. 5K din or more depending on your age and face amount and riders desired. And then just make regular monthly premium payment or investment into your VUL which may even be much lower than 1K and as frequent as you like.

Bottomline is, you are able to apply leverage because what you actually bought is an interest or proprietary right to a VUL property worth 1Million Pesos, for example, just by paying the initial quarterly premium and the monthly premium, threafter. Best of all, "liquid" pa sya, unlike a real estate property. So you could accessed your funds anytime the need arise.

I would be able to articulate my point of view, comprehensibly, if I had been able to interview you personally, but because of the limited information I have from you and the lack of personal interfacing, I would like to caution you not to take this as a financial advise but more of my personal opinion instead.

Just my view.

Regards!


freedomfighter


« Last Edit: Mar 11, 2011, 04:59 AM by FutureGizmo »



kenshin

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Thank you for the information.

I am 30 y/o single. No dependents.


richpulubi

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What is the purpose of life insurance?  It's to make sure your wife and kids will survive if you die prematurely.  So, if you hve no wife, or if she is making more money than you, and if you have no kids, then you don't need life insurance YET.  Better to get disability insurance, so if you cn't work due to an injury, you still get money.



bauer

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RP, agree. i got life insurance after i got married.


freefront

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^We have stand alone disability insurance in P.I.? I would get that. No hands, no work period

RP, I don't even qualify dying as prematurely or timely. I die period My carcass needs to be buried. I will use that 250K to go whoring around the world or as I see fit and not keep it in the bank. My relatives, who I love-doesn't really mean they love me the same- will experience the same travails as anybody else so I made my own rule: my funeral-my expense.

And this is the most bad*ss notion in my head---I will create the most money with the least capital (all kinds-time,money and effort) in any way legally possible, for the most optimum number of people to enjoy and to pass along the process. Insurance is just one way.

How is the concept of insurance not part of the financial literacy? It is money! (Sorry about the strident tone. I am having another bout of mini-midlife crisis :D :D :D)


mxherr5

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Meron, disability due to accidents nga lang hehehe
I also tried to look for a disability insurance that covers
disabilities due to illnesses but alas I couldn't find one.

But my Prulife agent did tell me that their VUL product
comes with a built-in disability insurance and it covers
disabilities due to illnesses.

Kung ok lang sana loyalty bonus policy ni Prulife, eto
na sana kukunin instead of Sunlife hehe.

Also my work insurance also covers disabilities due to
illnesses. Sa Axa yung group insurance namin so maybe
Axa's VUL might have a disability rider. I'm not sure

@kenshin, if I were in your shoes. I'd keep it. Sooner or
later you'll probably need insurance especially once you
get married.

I got my Sunlife policy when I was 21 years old and then
3 years later I got married. I don't regret getting it.

Although I'm not sure if a VUL is the right product for
you. Gusto ko kasi yung risky at pwede kong "controlin"
policy ko eh hehehe


richpulubi

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life insurance in not an investment.  investments makes your wealth grow. insurance does not. but it is a means to give you the courage to make more wealth, cuz you can take greater risks with your money or business.  risks you can take, cuz you don't need to worry about your family if your die prematurely.

eventually, when you've set aside enough, life insurance is no longer necessary to sustain your family.  but rather, the proceeds will be used to settle estate taxes upon your death.


sardonyx

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I plan to purchase additional shares of Sunlife's Balanced Fund.  Nakalimutan ko na ang mga additional charges.  Paki-verify lang po.  

May front-end load at back-end load (depending on how long you hold them) ba when purchasing the shares?  or do you have the option to choose as to how you will be charged?

Sa Sunlink, pwede pala i-register ang mutual fund account mo.  I have my account number, pero nakalimutan ko na ang valid ID used and ID number ko since I bought my shares 4 years ago pa.  Would I still be able to register my account online?
« Last Edit: Dec 10, 2011, 10:42 PM by sardonyx »


xyphrus

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This is a great forum. I learned a lot sa pagbabasa dito kahit sa maikling panahon pa lang. Sana lang eh noon ko pa ito nakita.

Anyway, i have a question lang sana sa mga Sunlife Agent/Advisor out there, or sa kahit hindi agent, basta pwedeng sumagot sa query ko. I'm planning to invest sana sa Mutual Fund ng Sunlife, particularly Equity and Balanced Fund, hopefully early next month. I have some few questions lang po..

1. Anu-ano ang procedure/requirements na kelangan in case i-wiwithraw na yung naipon sa MF?

2. Mga gaano katagal aabutin ang procedure na yun?

3. In case of death (ng investor), pwede bang ma-claim ng relatives nya or family yung naipon nya sa MF?

4. If yes, anu ang mga requirements na kelangan? And gaano katagal ito aabutin?

TIA po..
« Last Edit: Dec 24, 2011, 10:28 PM by xyphrus »


 


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