What can you say about having an insurance?

What can you say about having an insurance? Especially if you're just 20something.:hmm:

Comments

  • warrantwarrant Member ✭✭
    What can you say about having an insurance? Especially if you're just 20something.:hmm:

    Mas magandang mag avail ng insurance habang young ka pa. My advice is to get an Insurance plan (with cheapest premium) that will cover you for about 1M pesos. If you plan to have a family in the future, then get an insurance plan. Ang insurability kasi ng tao ang isang factor to consider. Thanks
  • dyoannedyoanne Member PExer
    Mas secure ang feeling pag may insurance. Approaching mid 30's already, ang regret ko lang ay medyo late ako nag-acquire ng insurance for myself.
  • kryztelle088kryztelle088 Member PExer
    Sa kabila ng negative na pananaw ng marami tungkol sa insurance, I believe na kailangan natin ng insurance. This is because insurance is the main investment we can use to protect our other investments. For example, all your life, 2 investments lang ang meron ka.

    Isang savings account and isang lupa na worth P2 million.

    If you die na walang insurance, ang mga assets mo na ito ay automatic na mafi-freeze, and it will be subject to the 20% estate tax ng gobyerno. That means that the family you left behind must have 400,000 pesos to get the property na pinag-hirapan mo.

    Dito na ngayon papasok ang insurance. Let’s say may policy kang worth P400,000 sa iyong pagkamatay. 'Pag namatay ka na, ilalabas ito ng insurance company. Since hindi naman ito subject for estate tax, pwede itong ipambayad para makuha ‘yung lupa. In other words, ang insurance na P400,000 ay nagbigay protection sa investment mong worth P2,000,000.

    Now, I like what I have got into nung 2015, kasi yung insurance ko may kasamang investment na rin. It’s what many of our peers here were already familiar about.
    Mutual funds. These are one of our ways to invest in stocks and bonds without actually buying for yourself. Kasi may fund manager/s na namamahala sa pera mo at naglalagay ng mga ito sa iba't ibang investments.

    Ang insurance naman ay mahalaga kasi naghuhulog tau ng premium regularly para may makuha ang family natin kung sakaling may mangyari sa atin. But aside from the protection, some insurance packages can actually generate income. Tulad nung nabanggit ko. That means, may insurance ka na, may kita ka pa. Ito yung mga tinatawag sa insurance na Variable Unit Link or VUL.

    Insurance siya pero may kahalong investment component.

    Insurance + mutual funds = VUL

    The good thing is super-duper sulit na ito. Isa lang ang babayaran mo, automatic nang mahahati ito sa insurance at investments. Sa paglipas ng panahon, kusang kumikita ang investments mo. So kung bibili ka lang rin naman ng insurance may option kang idagdag na rin yung investment mo in the form of a VUL. Nice diba? I love it.

    I also love the fact that aside from my insurance na may investment na included, I also invested in the stock market. Grabe todo-han na ito! Eh I am still single pa kasi. And if ever I remain single forever, I’d rather choose to have a life of abundance in my finances kaysa loveless na nga, waley pa sa pera. So here’s what I did. I did not know how to invest sa stock market eh. Sabi ng napakaraming may alam na, magbasa raw ng mga libro, mag-attend ng seminars, at magtanong…which is true naman talaga. These helps a lot. As in super. Eh may problem is wala ako sa Maynila. I’m here in the province. How can I attend the seminars? Sabi nga nila, di’ba? If there’s a will, there’s always a way. Binasa ko lahat ng mga posts about stock investing dito sa site, hinukay ko ang mga YouTube videos, napunta ako sa mga iba’t ibang channels at nagbasa rin ako ng mga books related to the topic.

    But I was faced to one realization. I can’t do this on my own, so I joined Bo Sanchez’ Truly Rich Club. There you will know the step-by-step process of investing. From application to the online stock broker to choosing what stocks to buy, ginawa nilang simple at madaling gawin ang pag-invest sa stock market.

    If you want to go into it also, you must know first that there are 2 ways to go into the stock market.

    One is trading. Ang isa naman ay investing.

    There are 2 reasons kung bakit di ako pwede sa trading.

    Una, busy ako sa trabaho, kaya wala akong time para humarap sa monitor almost all the time para mag analyse ng graphs. Ikalawa, para sa mga expert lang ito. Eh pang beginner lang ang level of understanding ko sa stocks. So waley.

    Dun na lang ako sa investing or long-term investment. Eh malay ko ba kung single nga ako forever, di’ba? Since wala naman akong anak or asawa na magpo-provide for my needs when I grow old, mas maigi kung magkaroon ako ng retirement fund na hindi basta basta nauubos.
  • kuyavickuyavic Member PExer
    Pay yourself first. Save first then spend (but on a budget).

    I'm glad you're open to the idea of having an insurance. Get a health insurance first.. you're young, healthy.. it will be cheap(er); then comes income protection/savings. With your "investment" to yourself you are maximizing the opportunity of protect conserving, and creating more wealth for yourself and your loved ones.
  • reppstripesreppstripes Member PExer
    I suggest you take advice from people who are not affiliated with companies selling financial products :lol: I have friends who sell financial products yet they only have two investments, cash and real properties. Better get financial advice from unbiased people.

    Build your cash savings first. After you have saved up a considerable amount which for me is worth 3 years of expenses for necessities, only then should you consider things like insurance or mutual funds.
  • pakosaladpakosalad Member ✭✭
    ^kasi alam nila kung magkano ang napupunta sa agent at ang natitira na lang na value "investment" nila looool
  • Pag nag life insurance ka at may asawa ka sa future, pag namatay ka, mapupunta *** ang pera mo sa asawa mo na gagamitin nya para maka pag asawa ulit ng iba.
    Funeral plan ok din.
    Insurance for your kids pwede din.
    Pero life insurance? No way.:rotflmao:
  • kuyavickuyavic Member PExer
    ethan911 wrote: »
    Pag nag life insurance ka at may asawa ka sa future, pag namatay ka, mapupunta *** ang pera mo sa asawa mo na gagamitin nya para maka pag asawa ulit ng iba.
    Funeral plan ok din.
    Insurance for your kids pwede din.
    Pero life insurance? No way.:rotflmao:

    If ginawa mong beneficiary spouse mo. Better give them to your kids. :)

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file