Best VUL (Variable Universal Life Insurance)?

[Ischaramoochie]

of my 100K investment, only 94K was actually remitted as 6K is the upfront charge that time, so, ang 94K naging 118K when I withdraw it. Very low for me really since it was an equity link fund, so, the return should be higher, anyhow, as it was 100K investment, i was covered for 125K in case something happens.
...

sayang. the reason why you got only that is because you invested during the time just before the drop in equities. ngayon pa lang nagsisimula bumawi ang market, but at least you still managed to get ROI. the best time to have invested was in October of 2008 when the NAVPU of the equity fund was at .42 because now it's at 1.31. you would have gotten around 200% profit.

also, the actual amount invested is around P92500 since aside from the 6% premuim charge, there's also a 1-2% mortality charge depending on your age.

[mxherr5]

^
Based on another thread your with Pru.
What makes Pru better than over VULs?

For me,
I like that Pru's coverage include disability
benefits. Although the disability and death
benefit share the same face amount.

Its really nice that if you don't die but
get disabled, you can still "access" the "death"
benefit.

What I don't like is the loyalty benefit structure.
Sucky sucky sucky sucky.
10% of the premium for 10 years lang ata pero
guaranteed unlike others na hindi guaranteed.
Pero ang pangit, its set in stone "10% of annual
premium" unlike sa iba, x% of the fund value,
so pedeng malaki makukuha mo. At 10 years lang.
Sa iba, forever (or until, death,surrender,maturity)

[Ischaramoochie]

Yes, you deduced right. I'm with Pru, but for purposes of compliance, i'd rather not declare it outright unless asked. I'm glad that you have a favorable opinion on some of the benefits of the company.

pertaining to your question on what makes Pru funds superior to other VUL funds, my straightforward answer would be that they aren't, nor should they really be. perhaps they might have performed historically better than others, but i don't think that would already make them "superior." most funds are pretty much the same when it comes to allocation, and of course fund managers all want to get the highest returns for their clients. One major difference though beween Pru and other funds is that the managers are based in Singapore as opposed to being locally based. i'm not sure if this really gives an advantage, though it could suggest more objectivity in asset selection, since Prudential Asset Management isn't affiliated with any local company.

as for the the loyalty bonus, well, personally i just consider it just what it is: a bonus.

[mxherr5]

No, I didn't mean the VUL funds.. I meant the VUL themselves.
Fund managers can change and fund performance can change
but the product itself will not.

One of the major reasons I got VUL was the opportunity to get
higher returns. And something about a loyalty bonus that's based
on the fund value appeals to me. Its like I can win big you know.

I guess there are other profiles of clients who doesn't mind about
the loyalty bonus. Both Pru and Philam have the same kind of loyalty
bonus structure or then again,maybe the clients didn't shop around
and didn't know better.... hehehe peace

[Ischaramoochie]

Well whenever I get asked that question, i simply answer that most VUL are amost identical, though Pru was the first to implement VUL back in 2001 and has the most experience in terms of implementation and historical fund performance. of course, there's also the factor of who the agent is and his qualifications.

[KITHE ORTIZ]

For me kahit saan insurance company ka pa kumuha, as long as it will give the financial freedom for you and your family.

[mxherr5]

@Ischa,

Really? You don't emphasize Pru's unique features
and you basically sell yourself or your service then.
Parang sayang naman. Kayo lang may disability benefit
na libre sa basic cover.

@ Kithe,
You believe that insurance would give a family, financial freedom?
You mean, when the insure dies(Wag naman sana) or do you mean
it will provide the insured financial freedom during his life?

[batman03]

sorry po pasingit lang.

eto ba yun investment plus life insurance? sorry im super naive when it comes to this things. Im getting older and until now wala pang investments. hopefully I can talk to someone from here, who's honest to tell enough the downside, not just the good side if i decided to get one. nakakainis kasi makipag usap sa mga agents they're just a sucker sa commission after that wala na.

[KITHE ORTIZ]

@Ischa,

Really? You don't emphasize Pru's unique features
and you basically sell yourself or your service then.
Parang sayang naman. Kayo lang may disability benefit
na libre sa basic cover.

@ Kithe,
You believe that insurance would give a family, financial freedom?
You mean, when the insure dies(Wag naman sana) or do you mean
it will provide the insured financial freedom during his life?

Yes, both.. Life insurance is the foundation of financial planning.


1. It is an income protection for the family of the bread winner, if he/she dies, there is immediate CASH (face amount plus the fund value if VUL or face amount plus dividends if traditional plan) for the beneficiary.
It gives financial security for the family, especially if your children are young.


2. It gives the estate liquidity, for estate tax, if you are rich and have a lot of assets. For wealth protection.

3. It is a complete financial planning, it gives you cash accumulation, whether your financial goal is for education fund or retirement fund.

Why did you get your life insurance? if you have one?

[Ischaramoochie]

@Ischa,

Really? You don't emphasize Pru's unique features
and you basically sell yourself or your service then.
Parang sayang naman. Kayo lang may disability benefit
na libre sa basic cover.

@ Kithe,
You believe that insurance would give a family, financial freedom?
You mean, when the insure dies(Wag naman sana) or do you mean
it will provide the insured financial freedom during his life?

yes, that's true mxherr5. I don't really emphasize on the features of our products as much as my personalized service since based on experience, most of my clients forget about their policies until i give them a policy review a few months later. what i consider most important is that they are secure in the fact that i would be there when when they need me, and that they are covered in case of death, critical illness, disability, hospitalization, and accident. after all, most people place more value on this rather than the actual cost of being insured or the investment yield.

[Ischaramoochie]

sorry po pasingit lang.

eto ba yun investment plus life insurance? sorry im super naive when it comes to this things. Im getting older and until now wala pang investments. hopefully I can talk to someone from here, who's honest to tell enough the downside, not just the good side if i decided to get one. nakakainis kasi makipag usap sa mga agents they're just a sucker sa commission after that wala na.

In a nutshell, yes VUL is both investment and insurance. however, some plans are more focused on either the investment part or the insurance part. it's not enough to simply buy a plan without understanding it, and it's also important to take into account different factors pertaining to your financial situation, your needs, and your goals. since your question is about VUL in general, and not really about a specific product, perhaps this thread would be a bit more helpful in understanding the concept.

[mxherr5]

@ Isha, that's true to a certain extent.
But I would have imagine that those people
attracted to VULs are those who are "mabusisi"
and would like to know the nuances of your product.

I am like that kasi.. very mabubusi.. Nose bleed sa akin
mga ka meet kong agents hehe.

@ Kithe, I forgot.. This is a thread about VUL. hehehe
In which case you are correct, it would provide financial
freedom as long as they also practice wise money management =)

Yes I do have one...Its a Sun Life Flexi Link, I got it because
it was cheap for me at that time and I found the idea of leaving
money for my parents appealing.

[KITHE ORTIZ]

^VUL is for those who want insurance protection and at the same time want to accumulate fund faster (compared to traditional plan), as long as you pay your premium regularly.

[mxherr5]

I forgot to add that I just wanted to save that time and was very concerned about the "rate" I would be getting.

I was interested more in preneed that time but after I computed
the IRR of those products, it didn't make sense..I was also offered
traditional whole life by agents I met. And then an agent from
Philam Life offered VUL. She couldn't explain it adequately..

So researched and found out about mutual funds and VULs
In the end, I got Sunlife's VUL after comparing Sunlife's
and Philamlife, AXA and Pru Life's VUL.

I got it because ultimately, Sun Life had the biggest potential
returns at age 65 which means it has the lowest cost among
them all.

I had their COI table so I could do my own computation and
verify.

Then after 3 years, I got my wife a VUL policy too. I had
compared almost all VULs, Pioneer,Axa,Sunlife,Insular,Philam,
Manulife,PNBLife,Cocolife.. I only missed 2, Philam-Equitable
because I don't know to contact them hehe and Ayala Life,
which offered their mutual funds as the funds available in their
VUL.

Among the 9, Pioneer seemed to be the best but I wasn't able
to get their COI table so I wasn't able to verify. Sunlife was the
second best. So you can bet I got another one from Sunlife

[loloy101]

I forgot to add that I just wanted to save that time and was very concerned about the "rate" I would be getting.

I was interested more in preneed that time but after I computed
the IRR of those products, it didn't make sense..I was also offered
traditional whole life by agents I met. And then an agent from
Philam Life offered VUL. She couldn't explain it adequately..

So researched and found out about mutual funds and VULs
In the end, I got Sunlife's VUL after comparing Sunlife's
and Philamlife, AXA and Pru Life's VUL.

I got it because ultimately, Sun Life had the biggest potential
returns at age 65 which means it has the lowest cost among
them all.

I had their COI table so I could do my own computation and
verify.

Then after 3 years, I got my wife a VUL policy too. I had
compared almost all VULs, Pioneer,Axa,Sunlife,Insular,Philam,
Manulife,PNBLife,Cocolife.. I only missed 2, Philam-Equitable
because I don't know to contact them hehe and Ayala Life,
which offered their mutual funds as the funds available in their
VUL.

Among the 9, Pioneer seemed to be the best but I wasn't able
to get their COI table so I wasn't able to verify. Sunlife was the
second best. So you can bet I got another one from Sunlife

care to share the details of that sunlife product to bought.

i'm also planning to get VUL and is still in the process of comparing and researching.

thanks

[mxherr5]

You can PM me for specific questions.
But if all you're concerned about is
the charges and fees. Go with
Sunlife... Its fund's performance
btw is just average =D

[moneybreaker]

You can PM me for specific questions.
But if all you're concerned about is
the charges and fees. Go with
Sunlife... Its fund's performance
btw is just average =D

what would you recommend sir? want to invest sa full mutual fund sana (without the insurance na hehe kasi meron nako sa sunlife)

[KITHE ORTIZ]

care to share the details of that sunlife product to bought.

i'm also planning to get VUL and is still in the process of comparing and researching.

thanks

If you want limited pay period, choose maxilink prime, 10 years to pay, or maxilink bright, 5 years to pay.. mas lower ang charges

okay din kung flexilink lang, for those who want insurance but with lower premium..

But the important thing is you start your journey to your financial freedom..

[loloy101]

If you want limited pay period, choose maxilink prime, 10 years to pay, or maxilink bright, 5 years to pay.. mas lower ang charges

okay din kung flexilink lang, for those who want insurance but with lower premium..

But the important thing is you start your journey to your financial freedom..

ma'am pa pm po ng details nito

im interested

thanks

[moneybreaker]

If you want limited pay period, choose maxilink prime, 10 years to pay, or maxilink bright, 5 years to pay.. mas lower ang charges

okay din kung flexilink lang, for those who want insurance but with lower premium..

But the important thing is you start your journey to your financial freedom..

anu pinagkaiba ng maxilink sa flexilink?