Printable View
My advice to those who are confused about life insurance and financial planning, consult a professional. I know maraming unscrupulous agents dyan, but I'm sure you can find someone who will really be honest with you (kung ayaw nyo ako or si KITHE ORTIZ, hehe). You can't keep making pseudo-informed guesses because it's your hard-earned money we're talking about, di ba? :)
hi, tama ba na notice ko na mas mababa yung premium charge kapag babae? kasi am comparing my premium sa isang officemate (a girl). she's older than mine. yung cost nung nabili kong is cheaper compared sa nabili nya pero mas marami parin syang units.
[QUOTE=moneybreaker;56381484]hi, tama ba na notice ko na mas mababa yung premium charge kapag babae? kasi am comparing my premium sa isang officemate (a girl). she's older than mine. yung cost nung nabili kong is cheaper compared sa nabili nya pero mas marami parin syang units.[/QUOTE]
Hi! Moneybreaker, yes tama ka kasi mas mataas ang premium nya, dahis she is older than you, pero same percentage lang, and mas mababa ang rate ng insurance premium ng female than male.. with regards sa units, marami factors, it depends sa mode of payment, if annual syempre mas marami mabibili na units than semi or quarterly payment.. I suggest that you do the peso cost averaging, you can pay monthly, if you have BDO or BPI account you can apply for an auto debit arrangement.
bale 7500 kasi yung initial cash out ko tapos 5432.15 yung premium charge. so yung natira yun lang yung nainvest. di ko alam panu nakuha yung 5432.15. ang alam ko kasi 85% sya nung premium diba?
[QUOTE=moneybreaker;56381484]hi, tama ba na notice ko na mas mababa yung premium charge kapag babae? kasi am comparing my premium sa isang officemate (a girl). she's older than mine. yung cost nung nabili kong is cheaper compared sa nabili nya pero mas marami parin syang units.[/QUOTE]
Yes, mas mura ang premium kapag female, kasi based on studies, mas mataas talaga ang risk pag male (adventurous kasi?). You also have to consider WHEN you made your premium payment, kasi remember nag-iiba ang NAVPU everyday. Use this information to know that when the NAVPU drops, it's a good time to put in top-ups so that you can get more units and of course, more bang for your buck :)
[QUOTE=moneybreaker;56400462]bale 7500 kasi yung initial cash out ko tapos 5432.15 yung premium charge. so yung natira yun lang yung nainvest. di ko alam panu nakuha yung 5432.15. ang alam ko kasi 85% sya nung premium diba?[/QUOTE]
Semi annual ang premium mo? PM me your landline so that I can call you and explain all the details to you., mahirap itype eh, hehe.:)
And also you can register in our SunLink Online para may access ka sa policy mo. Visit [url]www.sunlife.com.ph[/url] and register your policy number.:)
LAST DAY TODAY!!!
Experience the SUN, Experience Cirque du Soleil
Unified by one shining symbol, two global icons come together to invite you to a brilliant experience.
Sun Life Financial is a proud sponsor of Varekai™ by Cirque du Soleil® which opens on June 22 under the Blue-and-Yellow Grand Chapiteau at the Luneta, across the Quirino Grandstand.
Pronounced as ver·ay·’kie meaning “wherever” in the Romany language of the gypsies, Varekai brings you into a captivating forest inhabited by whimsical and enchanted creatures.
In celebration of its 116th year in the country, Sun Life is giving away 116 tickets to lucky winners thru the “Experience the Sun, Experience Cirque du Soleil” promo. Interested parties must log-in to [url]www.sunlife.com.ph[/url] and answer a simple question about Sun Life. Moreover, participants may upload a video sharing any experience they have with the Company for a chance to win a free trip to NY, USA.
The online promo can only be accessed from sunrise to sunset (from 6am to 6pm) ,Mondays thru Fridays, from May 23 to June 17, 2011.
"We're thrilled to be a sponsor of Cirque du Soleil and align their awe-inspiring tour de force performances with Sun Life's brand," says Sun Life Philippines President and CEO Riza Mantaring. “Both of us share the sun as our core symbol and we both trace our roots back to Canada. We look forward to showcasing how bright life is under our sun and sponsoring Varekai is a preview of that.”
"We're very excited to have Sun Life Philippines on board as an official sponsor,“ says Ross Meltzer, Corporate Alliances Director at Cirque du Soleil. "The sponsorship is a great match for both of us, as Cirque du Soleil seeks partnerships with companies who share the same attributes, such as excellence, performance and engagement.”
About Sun Life Financial.
Sun Life Financial – Philippines introduced life insurance in the Philippines in 1895 and is a member of the Sun Life Financial group of companies, a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. Tracing its roots back to 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2010, the Sun Life Financial group of companies had total assets under management of Can$464 billion. Sun Life Financial, Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information, please visit [url]www.sunlife.com[/url].
About Cirque du Soleil
Cirque du Soleil celebrates its 28th anniversary in 2011.From the 20 or so performers the company featured when it all began in 1984, Quebec-based Cirque du Soleil has become a leading provider of quality entertainment with 4,000 employees, including 1,000 artists from some 40 countries Cirque du Soleil has thrilled close to 90 million spectators in more than 200 cities on five continents. The success of Cirque du Soleil has been recognized with a number of awards, notably the Emmy, Drama Desk, Bambi, ACE, Gémeaux and Félix, as well as the coveted Rose d'or de Montreux. For more information, visit [url]www.cirquedusoleil.com/en/shows/varekai/tickets/manila.aspx[/url]
If any of you would like to get a copy of the projected tuition expenses for kids born this year and a few years ago, just email me at [email]mysunlifeadvisor@gmail.com[/email] :)
[url]http://apps.sunlife.com.ph/upload/files/tf_2011_7_1_19_53_46_file_19.jpg[/url]
An article from [url]http://duganinsurance.com:[/url]
Insurance Agents
Published June 21, 2011 | By Kathy
Kissing Frogs
Finding the right insurance agent is an incredibly important decision—and it can be incredibly hard. There are dozens of factors to consider when choosing your insurance agent, and you might have to meet with several (including a few frogs) before you find one that fits your life, your style, and your situation. Many people may be tempted to choose an agent based solely on price. Price is a big consideration, but here are a few other items to consider when choosing an insurance agent:
• Listening: Does the agent pay attention to what you say, and take notes on your situation?
• Knowledgeable: Is the agent knowledgeable about the products he or she is offering? Can they answer your questions, or do they offer to find answers to questions they don’t know, rather than glossing over your concerns?
• References: Don’t be afraid to ask for references! It’s always important to see what the agent’s other policyholders have to say about them. If they can’t or won’t offer references, be wary.
• Courtesy: Did the agent come on time, or let you know that they’d be late? Did they treat you the way you’d want to be treated? If they can’t do these simple things on a sales call, how will they treat you when you have a claim?
[email]mysunlifeadvisor@gmail.com[/email] --> definitely NOT a FROG! :D
Do you need life insurance? If you die, how long can your dependents survive? If they can't even get through the next few months without your income, you really need life insurance.
Here's what you should do to know if you need life insurance: Get a sheet of paper and draw a line in the middle of the paper, crosswise. Try to think of all the things you need to pay for just in case you meet the Creator. On the left side, list down your debts, hospital expenses, burial costs and three months' worth of monthly expenses and get the total. You may label them as "final expenses."
Do you have children who are in school? Count their remaining years in school until they graduate from college. For example, if your child is already 10, he probably would still need 10 more schooling years. Try to approximate the cost of education today, inclusive of non-tuition costs like school service, daily allowance, etc. Assuming you spend about P40,000 per child per year, multiply that amount with the remaining years until he graduates. Do the same for every child. You don't need to compute for the future value of education, as we are just trying to ascertain the cost of education in today's costs. Get the total and label it "educational fund."
Lastly, try to compute your monthly budget. How much do you need just to get by, less the cost of education? Get the annual equivalent of your monthly budget and divide it by a modest investment rate, like seven percent.
Example, P20,000 a month or P240,000 a year divided by seven percent will amount to P 3,428,571. If you have that amount and you invest it at seven percent a year, you can cover your monthly expenses for many years. Label this as "income replacement." Get the subtotals of final expenses, educational fund and income replacement and add it all up; the total will be your "needs."
On the right side of your sheet of paper, try to list down all your assets that can be used to pay for your needs. They are cash, deposits, liquid investments (stocks, unit investment trust funds, mutual funds, etc.), real estate (but only if you decide to sell it, do not include your home), other investments and insurances (include group insurance). Get the total, and it will be your "sources." The difference between your "needs" and your "sources" will be your "shortfall" or "surplus."
Now that you know your shortfall (if any), you must increase whatever is in your right column (cash, savings, investments, etc.)
Bridging the gap
The fastest, cheapest and most convenient way to bridge the gap between your shortfall and needs is getting life insurance. It doesn't have to be an expensive endowment, variable life, or whole life insurance, term will do just fine.
I know a lot of us will say that we can't afford insurance, but it is just a matter of rearranging priorities, budgeting and making sacrifices. Insurance is bought not because someone must die, but because someone must go on living. Insurance ensures that the dreams of the most important people in your life are kept. We really can't afford to live without protection and without insurance.
[url]http://thepoc.net/thepoc-features/mukhang-pera/mukhang-pera-opinions/5815-the-need-to-protect.html[/url]
Your questions about life insurance, why you need it, and how much you need are best addressed if you personally speak with an insurance professional. Mahirap ang puro haka-haka lang. You are investing your hard-earned money. You don't want to deal with unscrupulous individuals or purchase insurance like you're just buying a retail item at the mall. Go about your insurance planning diligently and you will surely get the peace of mind and financial security you need. Your questions are welcome at [email]mysunlifeadvisor@gmail.com[/email] :)
Hi all Kabayan, how about Sparx? by Pioneer Insurance. Any comments and reviews?
[QUOTE=kuyakikoy;58140453]Hi all Kabayan, how about Sparx? by Pioneer Insurance. Any comments and reviews?[/QUOTE]
Sparxx of Pioneer,, for example, you buy a card worth Php500.00, wait for the maturity on the 8th year and you will get Php619.00.., it earns Php119.00 after 8th years, but your insurance coverage is only Php619.00..
Kuyakikoy, niresearch ko para sa 'yo.. :)
May denominations of 300 to 5000 pesos.. yun lang.
SMDC Corporation, CONDO start at 6999p a month, along Makati, SM Mall of Asia, Lasale taft and varied Prime location-Rheyn Ragunton 09227357804
SMDC Corporation Condo start at 6999p a month, Makati, Mall of Asia, Lasale taft and varied Prime location-RHEYN RAGUNTON 09227357804
I also want to take an insurance eh, baka health or life insurance. Pero hindi pa clear sa akin eh. hehehe
^We have Financial Needs Analysis, it will help you know your most important financial goal, and help you achieve it.. :)
[QUOTE=King_Jumong;58260718]I also want to take an insurance eh, baka health or life insurance. Pero hindi pa clear sa akin eh. hehehe[/QUOTE]
Most people need both. Magkaiba sila ng purpose. :)
[email]mysunlifeadvisor@gmail.com[/email]
Money Matters
Life insurance in my 30s? Too early!
By Efren Ll. Cruz
Philippine Daily Inquirer
Question: Why do I need to get life insurance when I am still young?—Young Urban Professional
Answer: Here’s the typical script of a yuppie, whether from Gen X or Y, to an insurance agent when offered a life insurance policy. “I am young. I just started earning serious money. And here you are talking to me about death? With what I am earning now, it will take me just a few years to build up enough savings to match the coverage that your life insurance policy is promising. Plus, I have grand plans and your life insurance premium will just be an expense that will slow me down.”
For some reason, I can hear Richard Harris playing his favorite character of an old leader full of wisdom and experience, whether as Albus Dumbledore in the earlier Harry Potter movies or as Marcus Aurelius in Gladiator, and reacting to the above script with the line, “Ah, the folly of youth!”
I was once, and still prefer to think of myself as a yuppie. Alas, my age shows for even the use of the word yuppie is not in vogue anymore. Nevertheless, it is said that experience is the best teacher. So let me relate my experience as far as life insurance goes.
I believed I was superman in my late 20s and early 30s. I had a promising career with an attractive pay. I had lots of plans, all of them grand. So why would I need to get life insurance? The first life insurance I got was sold to me by the unit head of the aunt of a girlfriend who I didn’t end up marrying. As soon as my girlfriend and I broke up, I discontinued the life insurance policy.
The next insurance policy I bought was from a guy who belonged to the same religious group I was a member of. Because of his persistence, I reluctantly bought up to P1.5 million in life insurance coverage from him.
Do you see the pattern? I was buying life insurance only because it was being sold by friends and not because I saw it as something I genuinely needed. And then it happened. While undergoing an ultrasound for a suspected kidney stone, I was diagnosed as having the potentially life-threatening polycystic kidney disease or PKD. While my father had it, I was made to believe by my relatives that PKD would skip a generation. I was frantic to say the least. There’s nothing like the prospect of a shortened life to jolt you into action. I searched the Internet for organizations that supported research on PKD. I found one with a banner in its home page saying, “Don’t worry, you are not alone.” I checked the visitor count and found that I was visitor number 3. I visited the next day and found that I was visitor number 4. Well, so much for not being alone.
What was worse was I began to worry about my family. Questions like “When I’m gone, would they even have enough to eat?” and “Will my children still be able to go to school?” haunted me. And I had every reason to worry because my father died at the age of 44, leaving behind a 39-year-old wife and three children.
I looked at my life insurance policy and quickly determined that P1.5 million would not last long for my family. Unfortunately, I could not be insured for any additional coverage anymore. Whereas before I was being chased by insurance agents, now I was chasing them. One insurance company after another would deny me coverage. They would not even give me coverage at a higher premium or what they called “rated.” It was too late for me.
None of us know when our appointed time to leave this world is. We may live long or not. We may depart via a sickness, accident or through the normal aging process. But unless we are born into wealth, the typical path is that we have lesser savings and more expenses when we are younger. Only when we get older will we have more savings and lesser expenses. The problem occurs when we are called from this life early? What happens to those we leave behind? You may not have your own family yet, but what of your siblings and even parents?
Life insurance is a must. Don’t run away or hide from the insurance agent. He or she is persistent and seemingly pesky only because people have yet to realize the real need for life insurance. It is funny that we tend to insure our properties first before our life or what I can insuring bahay before buhay. But isn’t it true that it is the productive capacity of our life that gives birth to all of our properties?
So next time an insurance agent comes knocking, welcome him or her. He or she will be carrying the protection you will need against the risk an untimely demise. Buy early in your career as it is not only the time when you need it most but also the time when premiums are cheaper.
Stay safe and protected.
For questions about life insurance, retirement, education funding, estate planning, investments, and financial planning, please e-mail [email]mysunlifeadvisor@gmail.com[/email].
*THIS IS THE BEST TIME TO COME IN SINCE THE STOCK MARKET HAD ITS WORST DIP SINCE OCTOBER 2008 YESTERDAY!
To achieve financial freedom, we need to commit to putting in assets in long-term financial vehicles in order to reap greater rewards in the future. It is from this viewpoint that we are launching a new insurance and investment product that we are now offering only to our high net worth clients.
This new product, SUN MAXILINK ONE, is a single pay, peso-denominated, protection and savings product that provides an opportunity for faster accumulation of fund value since the single premium is invested in full. The product provides you with the following benefits:
• Life Insurance Coverage
Secures the life of the insured with insurance coverage equivalent to at least 125% of the single premium, less 125% of withdrawals, up to age 88. For policies issued under the guaranteed insurability offer, insurance benefit shall be limited to the fund value plus insurance charges paid in the event of the insured’s demise within the first 2 years from policy issue date, except if due to accident.
• Freedom to choose among three new funds
Offers the insured the option to invest the single premium in any of the following funds depending on his risk appetite and financial objectives:
a. Growth Fund - will invest mainly in high-quality listed equities of Philippine entities
b. Income Fund – will invest in high-quality fixed income securities issued by the Philippine government and in high-quality corporate debt securities issued by Philippine companies
c. Opportunity Fund - will invest in a mix of high-quality debt and equity securities mainly of domestic issuers
• High Growth Potential
Maximizes the money’s earning potential since it has no premium charges. Investment returns, however, are not guaranteed and are dependent on market performance of the fund where the premium is invested.
• Loyalty Bonus
Rewards the insured for keeping the policy active for at least 10 years with a loyalty bonus currently equivalent to 2% of the policy’s average fund value for the past 5 years. The loyalty bonus is payable at the end of the 10th year and every five years thereafter as long as the policy is in-force.
• Guaranteed Issue
Ensures hassle-free application if the single premium is within the age and other limits of the guaranteed issue offer.
Maximize your money's earning potential with SUN MAXILINK ONE.
Insurance and investments for a brighter future only from Sun Life Financial.
Contact your Sun Life Financial Advisor Clarisse Mallari at [email]mysunlifeadvisor@gmail.com[/email] or [email]clarisse.aeaea.b.mallari@sunlife.com.ph[/email] for more information on this and other insurance and investment options today.
P.S.
If you are uncertain as to whether you need life insurance or if your risk appetite is suitable for investment in mutual funds, contact your Sun Life Financial Advisor who will gladly give you a no-commitment Financial Needs Analysis to assist you.
hi!!..pede bng magavail ng insurance yung over 60 years of age n???..im planning kc to get 1 for my parents..please pm me..thanks...
Hi, can anyone give any feedback on Generali Pilipinas? I was recently offered a Secure 88 package. How is it different from the sunlife Intensi5 package?
Just availed Sunlife My Future 2025. It's a VUL.
Hello, I'm sure there are a lot of agents here. Can anyone give me a sample quote for term insurance? I'm not interested with VUL.
[QUOTE=noics02b;58922310]Hello, I'm sure there are a lot of agents here. Can anyone give me a sample quote for term insurance? I'm not interested with VUL.[/QUOTE]
Hi noics02b I sent you pm. Thanks.
me too. term insurance is what i need. pa quote din po. salamat!
[QUOTE=john_pro;58913789]Just availed Sunlife My Future 2025. It's a VUL.[/QUOTE]
anu pinagkaibahan nito sa flexilink?
[QUOTE=jimmyandal;58936670]me too. term insurance is what i need. pa quote din po. salamat![/QUOTE]
Hi sir, I sent you pm. thanks.
[QUOTE=moneybreaker;58938930]anu pinagkaibahan nito sa flexilink?[/QUOTE]
MyFuture2025 is just one of the funds you can choose from under a Flexilink policy.
For more information, just send an email to [email]mysunlifeadvisor@gmail.com[/email] :)
Hi, @sunlifeadvisor: just want to ask kung merun insurance plan ang sunlife na may kasamang HMO Program?
thanks:)
I bought my policy mga 2 years ago, 6k+ quarterly sa Prulife UK. Life insurance siya with riders pag example nagkasakit ako, or nagkamajor disability. Tapos parang I will have to pay until I'm retired ba yun? I don't know kung anong nasa isip ko nung mga panahon na yun at hindi ko masyadong inintindi ang sinasabi ng agent ko, hehe. I know pede ko cyang cancelin pero ***** at this time eh wala pakong makukuha at malulugi lang ako dahil hindi pa sya breakeven. Anyway, my question is normal ba yun? Na i have to pay until I retire? For something na hindi naman lalampas ng 4 million unless maghimala ang langit?
Most VULs don't force you on a payment period at all.
You can stop any time you want.. But then again,
VULs have monthly charges even if you pay or not.
So if you don't pay.. the monthly charges would eat
up your VUL's cash value until it will be depleted.
You can stop paying until your VUL's cash value
is nearly depleted and start paying again then
wait until its nearly depleted again, rinse repeat hehe
Also take note that your premium doesn't go ALL
to the insurance charges, after a few years, your
premium gets invested and only a minimal amount is
deducted for insurance charges.
Prulife primarily deals with VUL but if however you
got one of their traditional insurances, then yeah..
Its normal.
There are 5 year pay, 10 year pay and the pay for
life type of traditional life insurances.
Note that VUL has these types of payment period too
but really, VULs have flexibility in their premium payment
and you can stop anytime and your insurance policy would
not terminate as long as your cash value is still enough.
Unlike with traditional insurances where 5 year pay is
5 years, without taking into consideration your possible
dividends.
[QUOTE=prolinkr;59041155]I bought my policy mga 2 years ago, 6k+ quarterly sa Prulife UK. Life insurance siya with riders pag example nagkasakit ako, or nagkamajor disability. Tapos parang I will have to pay until I'm retired ba yun? I don't know kung anong nasa isip ko nung mga panahon na yun at hindi ko masyadong inintindi ang sinasabi ng agent ko, hehe. I know pede ko cyang cancelin pero ***** at this time eh wala pakong makukuha at malulugi lang ako dahil hindi pa sya breakeven. Anyway, my question is normal ba yun? Na i have to pay until I retire? For something na hindi naman lalampas ng 4 million unless maghimala ang langit?[/QUOTE]
no offense but based dun sa experience ng co - employee ko, ang tagal daw bago mag labas ng pera prulife. her husband due to accident tapos 6 months ata bago niya nakuha yung benefits.
holy crap! 6 months is too long. baka may problema sa docs kaya tumagal?
hi,
it's not HMO in that it does not pay for your hospital bills. the hospital income benefit rider pays you a fixed amount (e.g. 2000, 3000) for each day that you are hospitalized. it's supposed to replace the income you lose by not being able to go to work because you are hospitalized.
hope that helps.
[QUOTE=mel2314;59035689]Hi, @sunlifeadvisor: just want to ask kung merun insurance plan ang sunlife na may kasamang HMO Program?
thanks:)[/QUOTE]
[QUOTE=moneybreaker;58938930]anu pinagkaibahan nito sa flexilink?[/QUOTE]
MyFuture Fund is one of the investment options for policyholders of Sun FlexiLink/Sun FlexiLink1 variable life insurance products regulated by the Insurance Commission. Five (5) MyFuture Funds are offered: MyFuture 2020, MyFuture 2025, MyFuture 2030, MyFuture 2035 and MyFuture 2040.
Unlike other investment funds, MyFuture Fund takes into account the policy owner's retirement plans so that it endeavors to provide capital appreciation in the medium to long term, and shifts to capital preservation as the fund matures.
As the fund nears maturity, it can expect to gain lower returns with asset allocation becoming less risky - that means lesser volatility for the policy owner at the time he or she plans to begin withdrawing substantial portions of the investment and using these for retirement funds.
[QUOTE=KITHE ORTIZ;58176747]Sparxx of Pioneer,, for example, you buy a card worth Php500.00, wait for the maturity on the 8th year and you will get Php619.00.., it earns Php119.00 after 8th years, but your insurance coverage is only Php619.00..
Kuyakikoy, niresearch ko para sa 'yo.. :)
May denominations of 300 to 5000 pesos.. yun lang.[/QUOTE]
Thanks po, sent you pm
Has anyone here availed of Manulife's Freedom20 Plus? Is it good?
Both important na meron ka life insurance and HMO. Pero there are supplemental benefits to life insurance na pwede gamitin for hospitalization tsaka in case you get critical illness. It's best to discuss options with a financial advisor. In this way, makita mo rin how much talaga ang needs mo for retirement and for protection.
You can email [email]growyourmoneytrees@yahoo.com[/email] or text 09228786040 for a free one-on-one financial planning session.