anses07 wrote: »
Anyone here na merong ganitong type of VUL? Maganda po ba ito? Medyo di ata napaliwanag sa akin ng mabuti ng bank representative so medyo confused ako. Thanks po for sharing insights.
anses07 wrote: »
Yes po I have this. Okay ba ang investment side nya? Mine has a monthly premium of P8659.99 with a face amount of P420,000. Sayo po?
Zeuan wrote: »
Meron din kaming magasawa nito? 5 years pay premium. The BPI agent obviously convinced us... but it was only recently that I read a lot of negative feedback about VUL. Is this a VUL? Have we made the right decision? Sana there is someone who can enlighten us based on their experiences.
Hi to all! This is my first time to join the discussion on this website.I'm a financial adviser registered her in PH connected with in a different insurance company. I'm writing here not to disrespect the product or the company, but only to explicitly discuss the implication that may cause to my client.My client has this same this same policy and i'm also trying to figure out how this product Build Life Plus 5 years work.As per my client he's paying P10,000/monthly up to 5 years. P 10,000 x 60 months = P 600,000P 630,000 wait for 5 years = roughly P 2,000,000.00 guaranteedHe is covered for P 950,000/life, P 950,000/A&HFirst of all, please don't fall into the trap that there is a free insurance.Never in this world that anyone will give a free money without something in return.In lotto you need to give P 20 to potentially win the jackpot prize of P X00,000,000.00VUL simply works as: A premium paid (pp) - insurance cost is what the insurance company get to give you the face amount and other benefits (ic) = difference is subject for savings & investment (sav & inv)e.g. P 10,000 - P 5,000 = P 5,000 x (investment 4 %) = P 5,200 (sav & inv)Going back to my client, based on the projections here I think there's a big misinterpretation on the policy that he's paying.He doesn't know how much he's insurance cost and what he's expecting guaranteed amount to have in the future will jeopardise his finances. To have the roughly P 2,000,000 guaranteed you must have at least 22% CAGR of P600,000 investment.How much is the insurance cost less the total premiums paid?My main message here is to know your needs and be diligent, study on the details and think thoroughly prior to immersing yourself into a long term commitment.
I have this VUL, I pay 5,428 per month for 5 years. Eto ung details ayon sa bpiphilam account ko. Pero di ko maintindihan ung benefits part.Basic CoveragePlan Build Life Plus 5-payLife Coverage PHP 500,000.00Supplemental Benefits/RidersRider Name A&h Udr Parts 1 - 3 Class 1; 5payCoverage PHP 500,000.00Effective Date February 16, 2016Expiry Date February 16, 2055Rider Name 5-pay Critical Illness UdrCoverage PHP 250,000.00Effective Date February 16, 2016Expiry Date February 16, 2058Rider Name 5-pay Waiver Of Premium For Ci UdrCoverage PHP 50,000.00Effective Date February 16, 2016Expiry Date February 16, 2021Account ValuesFund Name BPI-Philam Equity Index Fund 2Number of Units 172,263.57Fund Allocation 100.00%NAVPU 1.03050000Account Value PHP 177,517.61