Best VUL (Variable Universal Life Insurance)?

[Jarael]

up up..this is informative stuff

[THErealTORPEDO]

Variable products can be an alternative investment. I think that some PEXers here are right, you have to distinguish first if you want to maximize your investment or is it protection that you want.

Generali Pilipinas which is also owned by BDO has this product only until end of June that could give a guaranteed 2-5% interest rate per year in dollar investments as against .375 to .75% interest rate in dollar time deposits. This also comes with a significant amount of insurance coverage or protection plus other benefits. We pulled out our time deposit and placed it in Generali.

They also have good peso-denominated insurance products that are guaranteed and not dependent on the market. If you're interested you may contact a Generali representative at 0920-8000160 and look for Chris.

[allanj246]

Hi guys,

If you're thinking about the right timing when to invest in VUL's, now is the time. We should all start investing while the market is still at its lowest para we can take advantage of low stock prices. Sa VUL kc, the money we put in are invested in blue chips here in the Phils.

I encourage all of you, lalo yung mga call center agents na malaki ang sweldo, to invest while you're still young. You can start investing for your retirement, emergency money, education of your children (soon), business, vacation, dream house/car, wedding, etc.

VUL can be a great vehicle for all your savings goal because it's a long-term investment vehicle. I myself, has a VUL policy with Sunlife Financial and i'm happy to think that when I reach the age of between 40-50, I already have enough retirement money which I can use to continue living without having to work or put in time deposits which I can get to sustain my living years.

[killer16]

buy separate. nothing beats it!! again before entering those things, better study muna so that you can maximize your money.

[nuss]

separate what?

[whatsDtruth]

Hi. I agree with killer16's views and suggestions. If you just have the money then by all means invest or get insurance and investment separately. But if you have a tight budget then VUL will solve the problem of life's uncertainties.

Killer16 is also right to suggest to study first before entering into something especially when it involves your hard-earned money. I just want to add that you can't study and understand it if you do it alone. Why not ask the help of experts in this field, the financial advisors from the 3 companies suggested by The DJ Project: Philam, Sunlife & Axa? Anyway, it's free. If I may add, why not get proposals from the 3 companies & compare?

In your choice, you have also to consider the company's stability, length of business in the Phils., business standings both locallly & internationally and its transparency. You may also ask our gov't agency regulating all insurance companies, the Insurance Commission if you have doubts.

In the end, it will still be your choice; It's your future not anybody else's. Hope I have helped.

[ground_break]

May concept na buy term and invest the difference.. anu palagay niyo dun?

[nuss]

term is good kaso hindi lumalago pera mo don. at pag walang nangyari sayo after your coverage period, bye bye sa premium na binayad mo.

[danica00]

I'm not sure if I'll get another VUL from another company (to add to my guaranteed coverage kc mababa pa lang kinuha ko) or invest in pure MF this time...

[nuss]

^May I know why, if you don't mind?

[RIGOR]

ey let's Up this thread. I just got one from Sun Life.. Excited to be retired in 22 years,hehe..

[nuss]

That's good to know. Anong program kinuha mo?

[RIGOR]

I got the SunLife Flexi Link

[bizarre]

RIGOR, did you just get yours recently? how come you didn't get maxilink instead of flexilink? less charges ang maxilink...

[bizarre]

May concept na buy term and invest the difference.. anu palagay niyo dun?

my friend/client, eto ang ginawa. he got a rather big coverage (for protection) and getting whole life policy would be too costly for him. he has some business on the side and nagtratrade sya ng stocks rin overseas. so for him, mas-workable talaga ang buy term and invest the difference since kaya nyang paikutin pera nya through his business and maybe earn more (compared to investing on vuls or mutual funds).

since convertible naman to whole life policy ang term nya next time, hindi na nya kelangan mag-undergo ng medical exams etc. he's only 27, so he was able to pass his medical exams when he got his term insurance with flying colors.

[bizarre]

I'm not sure if I'll get another VUL from another company (to add to my guaranteed coverage kc mababa pa lang kinuha ko) or invest in pure MF this time...

assess your priorities. are you the breadwinner? if yes, increasing your insurance coverage is one of the things you might want to prioritize. otherwise, pwede ka mag MF nalang muna.

though check mo rin, baka naman kaya ng budget mo sabay! maliit lang naman ang initial investment for MF. some 10k, some naman 5k lang. investment-wise, masmaliit charges ng MFs. pwede pa ma-waive kung iiwan mo ng matagal with the company savings mo (5 years and above). pag VUL, masmalaki mga charges, pero covered ka naman in case something happens to you.

[warhead92100]

well it would be better to go to the nearest bank,, most of the banks nowadays cater this kind of investment rather than their old UITF and stuffs. you can have a certified personnel analyze your needs and your resources,, and they can tailor fit your policy to your need. don't be afraid that they will try to take all your money,, moreover you may learn a few things on how to manage your finances from them.. and they are not sale-driven,, well atleast sale is not their first goal, it's your financial wellbeing, as they will carry the name of the bank they represent. they don't really need sale, they need clients.
just visit your bank and ask the branch manager,,


and nowadays life insurance companies are offering to give you more than 100% guarantee on your investment plus unlimited returns pa... in my company its 36% guaranteed return of your investment no matter what and atleast Php30,000/Php1,000,000 even if the market goes into -8% mark. Yes im from a life insurance company,, i wont say which one nalang para walang bias,, as previous post, this is the best time to invest while the market is down.. maximize your money before it's gone.

[nuss]

warhead, just want to know. Meron ka na niyang savings plan na tinutukoy mo?

[DongViktor]

Guys,

If you're interested our company conducts financial planning seminar. Just PM me.

Thanks..

[RIGOR]

RIGOR, did you just get yours recently? how come you didn't get maxilink instead of flexilink? less charges ang maxilink...

hello @bizaare. I am not familiar with the maxilink. only the flexilink was suggested to me basing on my age, current income and future plans..

Pero happy naman ako sa flexilink ko..highly recommended.