for one......ung principal guaranteed return yun......unless na lang kung malagay sa gyera ang buong pinas o bumagsak ang economy ng pinas........2nd tax free ang dividens ng mp2..........3rd for the last 5yrs or so nag lalaro between 6%-7% ang dividens.(pandemic inclusive pa yan ha).....4th if you choose the 5 year end term ......the power of compounding is at work.......... kung talagang mas mabigat ang yalue ng insurance ng VUL kesa investment bakit isasali mo pa ang investment ?....d mag offer na lang kayo directly ng solo insurance.........ung investment component ng VUL pwede pang mag negative kasi stock market ang pinag iinvest niyan.........kung ahente ako ng VUL......VUL din ang pupush ko.......natural magkanong commission matatanggap at mapapakinabangan ko diyan..........
Mas mabigat ang value ng insurance - ng living benefits na mapapakinabangan. Bonus lang si investment. Pero at least meron pa rin. Bonus na nga, bat pa natin iisipin na tanggalin ung dagdag na benefit. 👍 Kasama ang power of compounding interest sa fund value sa VUL plan. 👍
bonus nga ba talaga?....o pinalalabas lang na bonus?.........kung bonus nga talaga ang investment side.....bakit me chance ka pang malugi?.......ang pag kaka alam ko sa bonus wala kang lugi diyan kasi nga bonus........ang alam kong bonus is ung commision ng ahente pag naka close ng deal sa VUL.....yun malaking bonus yun sa side ng ahente......
@@yourfinancialcoach_ph bonus?.......me chance kang malugi.......bonus tawag mo dun?........bonus nga ba talaga o marketing strategy lang na pinalalabas na bonus?.........
Thanks for this video! I have a hypothetical question though. Let’s say I already paid all the premiums for my VUL policy, I have not made any withdrawal and I paid all my premiums on time, however, my fund value becomes zero because the market is down, as in worst scenario, what will happen to my insurance? Am I still covered? I watched here in TH-cam that even if I already paid all my premiums, I am still paying for my insurance and riders through my fund value. What if there is no fund value to cover my insurance? Will it be terminated? Is this scenario possible?
Great question! If the fund value becomes zero, you will not be insured anymore. Which is why the insurance company normally informs the policy owner in advance to add funds to the policy if the funds are dangerously low to sustain the charges of the policy. But remember, your fund value is normally invested in bonds and stocks. So you have to imagine what are the chances that the companies you're invested in would go bankrupt. Generally speaking, very slim chances. Another thing to consider is the design of the policy itself. Since the agent designs the policy, if he or she adds too much benefits relative to the premium amount and savings period, your policy may be at risk of terminating due to low funds due to high insurance charges. I hope this helps!
I had vul 5 years contract 100k a year.. maraming nagsasabi na iwithdraw ko na daw kasi lugi daw ako. Naengangyo na ako magwithdraw, naka autodebit pa naman xa. BDOLife pala un.
@@sabr7413 thank you for sharing. Getting a VUL would depend on your individual needs po. If mataas ung living benefits like critical illness, worth it po sya. I’m not sure about your plan but I made a video about my Generali policy, now BDO life policy. Hope you can check it out too! :)
@yourfinancialcoach_ph maraming salamat po. I think it's 50/50 wala lang rider ung sakin pero ang life insurance worth 1.5m. I haven't reviewed it because my friend was the agent kaya kumuha nalang ako para makahelp sa kanya.
@yourfinancialcoach_ph life insurance lang po xa worth 1.5m. Wala po akong rider. I was about to withdraw it when the financial coach told me na on my 3rd year pwede na daw start withdraw ng pera. Kaya, i changed my mind. Continue ko nalang
Good question! For PAA Plus, since it is a VUL, yes mag aaccumulate lang sya ng investment sa fund value while you're still insured. So maiipon po ung investments nyo for the future. :)
I'd appreciate an advice on this po: I'm just finished the 10th yr of my vul at may sinend na cert of insurance na. Pwede ko na ba istop paying monthly, since 10 yrs lang naman sabi ng agent? As for the account value, bawas na sya since I made a withdrawal last year...I'm thinking po kasi na if need pa ituloy na magbayad, then I'd better withdraw na lang siguro.
@@yourfinancialcoach_phlife insurance po. About the idea of withdrawal, unsure po kasi kami if talaga ba na lower yung Account Value than yung total premium namin. Like around 200k na yung paid amount pero yung Account Value po is around 130k lng (including yung nawithdraw last yr).
Kaya nga eh. Nakakatoxic sila mag post sa mga group nila. Muntikan ko na ipaterminate yung VUL ko eh. Napaisip ako bigla kako paanong lugi eh insurance nga yung main purpose nung kinuha ko di ko naman kinuha yun for investments kasi may MP2 naman ako. Mga engot din magisip yung mga iba na waste of money raw ang VUL eh napakalaking tulong niyan once maaccident ka or mahospitalize ka bigla. What if 3k palang nahuhulog mo bigla kang naaksidente o naospital eh di swerte mo may 500k - 2M kang cash agad diba. Iniisip nila yung investments eh hindi naman talaga yun ang main purpose ng insurance eh.
Yesss exactly! Thank you for understanding! Masyadong maraming misinformation jan and I’m glad nakafocus ka sa living benefits ni VUL. :) Bonus lang kasi talaga si investments kasi sulit na sulit ka na nga sa accident, disability and illness coverage.💪🏼
@@arlandjandoquile7014 Hi! Good question. If your current insurance policy has disability benefit, ultimately it will still depend on the terms of the contract. If you cannot physically work for 6 consecutive months, dapat pwede mag claim ng disability benefit, if you have that benefit attached to your insurance policy. If may waiver rider na naka attach, yes pwede rin mawaive ung premiums due to disability. :) Hope this helps!
I think the Accident and Critical illness is just one. Kapag na aksidente ka tapos yan yung cause ng critical illness mo, isang benefit lang makukuha mo. Lugi pa rin si insurance holder. Mejo na disappoint lang ako sa VUL kasi na aksidente ako habang basketball tournament ng office namin, hindi nag activate yung reimbursement/accidental benefit ko kahit malinaw sa nilagay ng doctor na accident ang nangyari.
Hi! Thanks for sharing your experience. For accident and disability coverage, for VUL insurance rider, it generally means irrevocable loss of limbs, body parts or you cannot work for 6 consecutive months since you need assistance for 3 or more acts of daily living (feeding, mobility, continence, bathing, clothing etc). During your basketball accident, may nag qualify ba dun sa nangyari?
@@yourfinancialcoach_ph Wala, bed rest lang for 1 week. And per night pala ang bilang ng daily income benefit pag na confine. I was expexting 6k matatanggap ko kasi 3days 2 nights alo sa hospital. Ngayon nag ask ako if meron bang benefit na makareimburse ng hospital bills lalo pag accident. Ganun kasi ang insurance na nasa isip ko. Ang taas ng bill ko pero 4k lang nakuha ko. But still thankful ako super sa prulife :). Nag expect lsng ako na maka reimburse kahit konti kasi “accident” rin naman ang nangyari.
@@paulorodriguez1291 Ohh buti naman di malala. Ibang benefit naman ung daily hospital income. One day is minimum 12 hours sa hospital. For minor accidents (as in ung hindi malala like matanggalan ng body part or hindi mag critical) , HMO and Philhealth po tayo magrereimburse. :) Ang accident and disability coverage po kasi ni VUL insurance pang mas malala po talaga. So isipin natin, first line of defense si Philhealth and HMO tapos si VUL insurance yung next level of defense. Kaya important to have Emergency fund, HMO AND insurance. Kasi si HMO may limit lang rin po. Ang max usually ni HMO nasa Php 250,000, si VUL for critical illness, accident and disability up to millions po ang coverage natin. :) I hope this helps clear things out. Maraming nacoconfuse po sa benefits ni insurance kaya I will make a separate video for the riders para mas maintindihan po natin. Thank you for sharing and I hope this helps po!
Ma'am ask ko lang po after critical illness like 6mos on ward di na po makag trabaho kc di na fit to work pwede po ba mag apply ng disability and if possible po ma waive din kaya ang monthly premium?
Hi! Good question. If your current insurance policy has disability benefit, ultimately it will still depend on the terms of the contract. If you cannot physically work for 6 consecutive months, dapat pwede mag claim ng disability benefit, if you have that benefit attached to your insurance policy. If may waiver rider na naka attach, yes pwede rin mawaive ung premiums due to disability. :) Hope this helps!
ang problema kasi dyan yung mga agent eh, laging sinasabi ng mga FA na VUL is an investment+insurance, di sinabi yung mga malalaking fees, kaya halos wala ng matira sa pera mo
As mentioned in the video, VUL is still mainly insurance. Bonus lang si investment. It is still an important financial tool. I hope to educate people with these videos so that they wouldn’t think one tool is bad over another. Fees wise, you’re paying for the insurance mainly as well as management fees for the fund management.
@@yourfinancialcoach_phbakit ba "bonus lang"? Nung nag hahanap akp ng insurance. Tinanong ako ng agent kung ano ba goal ng insurance ko sabi ko retiremnt, savings, medical. Tapos vul ang binigay para may investment. Tapos ngayon sasabihin nya din bonus lang po kase yon ang mahalaga insured po kayo.
@@roan9485 it’s true na you need to consider kung anong goal for the insurance policy. But as mentioned in the video, a VUL policy is mainly insurance pa rin. It varies in purpose of course as other VUL plans are focused with investment and savings compared to insurance benefits. The goal of the video is to educate people on the misconception that VUL policies are mainly focused on investment. It is not. It’s main purpose is still to insure. The focus is on the living benefits and the investment side is the add on or bonus side of it. Hope this helps.
@@yourfinancialcoach_phI want to be enlightened don sa fund management fees? Anong ginagawa nila sa pagma manage ng fund like invest it in stocks or mutual funds? Binabayaran nman pala sila bakit di nila mapalago ang nalagay kong pera. Lagi lang sabi sa akin mababa ang market. Yes mababa ang market, hindi rin ako magaling sa trading but how come I was able to earn 80k in 2020 during pandemic. Kung yon lagi ang rason nila, then they are not performing well sayang pala fees na nababayad sa kanila. Its just my cents kc i have vul for 7 yrs and you know what, my fund value keeps on dropping, like 70k na nawala sa fund value ko. My agent's advise, maghulog lang ako ng maghulog para di mawala ang premium ng insurance ko. Diko ma gets, kung ang purpose is have an insurance and grow money, bakit dko ramdam ang pag grow ng money ko
Hi Edgar! No. Based on the history of corruption and politics in the Philippines. I highly distrust any government entity. Just like PhilHealth and SSS which always disappoints, I don't trust Pag-Ibig investments as well. I already give the government a significant chunk of my taxes since I have no choice in the matter but I refuse to give them more money and power over my finances. This is just my personal opinion as someone who has experienced severe disappointment in government benefits, despite them maxing out required government contributions, within my family. They always fail to keep up with their promises, so I would rather trust private and public companies instead. I severely distrust anything related to the government as I have been disappointed every single time. I hope this answers your question and please let me know if you have more! :)
Well i have invested in mp2 and it gained interest aftet 5 years with guaranteed returns esp with the principal rather than with vul investmen linked product which is never guaranteed, so many charges, very expensive. Its not even guaranteed if aftet 10 years, break even na. Well of course who could forget the cost of insurance. Hehehe.
@@yourfinancialcoach_ph for one......ung principal guaranteed return yun......unless na lang kung malagay sa gyera ang buong pinas o bumagsak ang economy ng pinas........2nd tax free ang dividens ng mp2..........3rd for the last 5yrs or so nag lalaro between 6%-7% ang dividens.(pandemic inclusive pa yan ha).....4th if you choose the 5 year end term ......the power of compounding is at work.......... kung talagang mas mabigat ang yalue ng insurance ng VUL kesa investment bakit isasali mo pa ang investment ?....d mag offer na lang kayo directly ng solo insurance.........ung investment component ng VUL pwede pang mag negative kasi stock market ang pinag iinvest niyan.........kung ahente ako ng VUL......VUL din ang pupush ko.......natural magkanong commission matatanggap at mapapakinabangan ko diyan..........
May tanong ako. Tapos na ako magbayad ng VUL insurance. What if namatay ako. Then, cover ako ng VUL insurance dahil sa death benefit tapos zero yung fund value ng insurance ko, may makukuha ba yung beneficiaries ko death benefit (face amount, sum insured, etc.)?
Great question! If zero na ung fund value, end contract na ung VUL. Kaya may minimum maintaining balance si VUL. Parang bank account lang. You need to keep some funds - usually at least 20k PHP in the VUL fund value for the contract to continue. If you’re done paying for the policy and you keep some funds in the VUL plan, the contract should still be intact when the time comes that you need to claim. Hope this helps!
@@yourfinancialcoach_ph So may chance na mag continuou ng premium payment kahit tapos na mabagyad after 10 years (assuming 10 years to pay yung VUL insurance)?
@@s3cr3t_channel if there are large withdrawals, yes. If there are no withdrawals, then it’s highly unlikely. For limited pay plans like 10 year pay, the proposal or policy benefits are usually designed to last your lifetime. (Unless in the rare case na sinagad {maxxed out} ni agent ung benefits vs your premium. But agents are normally trained to design policies properly (balanced premium to benefits ratio) policy).
@@yourfinancialcoach_ph What if considering of no withdrawals at saka utang tapos naging zero yung fund ko, so may chance talaga na mag continue ako magbayad after 10 years (considering 10 years to pay ang insurance ko)?
@@s3cr3t_channel it’s is highly unlikely na no withdrawals tapos mag zero ung fund value but yes in the worst case scenario that that happens, need magbayad pa if mag close to zero ang fund value to keep the policy in force. But if there are no withdrawals in your VUL plan, imagine investing in a UITF or mutual fund for 10 years straight then afterwards expect na mag zero lahat ng investments mo. Highly unlikely diba? Even nung pandemic hindi nakan mag zero ung investments. So it’s highly unlikely unless mag zombie apocalypse tayo. Haha. Hope this helps!
@@ianb940 personally, I prefer VUL. Kasi two in one na sya. May investment pa rin pero ang priority ay yung insurance coverage. So I prefer na sabay na sya dito. And hindi naman ako naghahabol ng returns for a short period of time. Yung nakainvest ko na funds for VUL ay pang retirement. For 20-30+ years. I also do personal investments sa side pero mga 10% lang yun compared to 90% of my “for the future” funds na nakalagay sa VUL. I hope this makes sense. I don’t like TRAD term insurance kasi high risk that it will lapse. If makalimutan mo lang magbayad ng one month, as far as I know, hindi mo na pwede iresume ung payments.
True! Everyone will die or get sick at some point. I just really hope people understand accountability to cover their own expenses instead of relying on other people when they need money. People’s lack of preparation is not my emergency. :) I just really hope people learn to prepare and not be a burden to others.
Hi! Thanks for your question! Alam ko Sunlife may VUL rin sila. While Kaiser is an HMO company so wala siyang VUL kasi insurance companies lang meron nun. Hope this helps! :)
VUL is crap. The commission fees are high (ie. 40%). It is not a legitimate way to invest. I'd rather put my money in Vanguard or S&P with fees as low as 1% or Gcash invest. Also with VUL I cannot pull out this "investment" untiil I am 85 years old.
Please watch the video again. I repeat, demonizing an investment tool is not good. Learning about the pros and cons of each tool is important. My point in the video is that VUL is a tool. It is not purely for investment purpose. Please educate yourself sir :)
Also, it’s your money so you decide where to invest. I would rather be safe and cover the basics like life, accident and critical illness before focusing on investments. It’s the smart way. But if you want to go full investment, go. It’s your money = Your life sir. Insurance is different from investment. But if I can get both, I like the deal. If you don’t like it, edi wag haha. Your money, your rules. I prefer to manage my risk wisely :)
@@josephestrada2448 depende po yan sa policy contract. Depende sa insurance plan. Iba iba po yung design ng iba ibang companies and per company maraming different policies with different designs.
for one......ung principal guaranteed return yun......unless na lang kung malagay sa gyera ang buong pinas o bumagsak ang economy ng pinas........2nd tax free ang dividens ng mp2..........3rd for the last 5yrs or so nag lalaro between 6%-7% ang dividens.(pandemic inclusive pa yan ha).....4th if you choose the 5 year end term ......the power of compounding is at work..........
kung talagang mas mabigat ang yalue ng insurance ng VUL kesa investment bakit isasali mo pa ang investment ?....d mag offer na lang kayo directly ng solo insurance.........ung investment component ng VUL pwede pang mag negative kasi stock market ang pinag iinvest niyan.........kung ahente ako ng VUL......VUL din ang pupush ko.......natural magkanong commission matatanggap at mapapakinabangan ko diyan..........
Mas mabigat ang value ng insurance - ng living benefits na mapapakinabangan. Bonus lang si investment. Pero at least meron pa rin. Bonus na nga, bat pa natin iisipin na tanggalin ung dagdag na benefit. 👍
Kasama ang power of compounding interest sa fund value sa VUL plan. 👍
MP2 is a type of savings and investment. Hindi siya comparable sa VUL kasi ibang tool siya. Focus pa rin is insurance compared sa investment side nya.
@@yourfinancialcoach_ph ah ganun ba?.......between sa insurance at commision ng ahente.....sino mas malaki ang kitaan sa VUL?......
bonus nga ba talaga?....o pinalalabas lang na bonus?.........kung bonus nga talaga ang investment side.....bakit me chance ka pang malugi?.......ang pag kaka alam ko sa bonus wala kang lugi diyan kasi nga bonus........ang alam kong bonus is ung commision ng ahente pag naka close ng deal sa VUL.....yun malaking bonus yun sa side ng ahente......
@@yourfinancialcoach_ph bonus?.......me chance kang malugi.......bonus tawag mo dun?........bonus nga ba talaga o marketing strategy lang na pinalalabas na bonus?.........
Thanks for this video!
I have a hypothetical question though.
Let’s say I already paid all the premiums for my VUL policy, I have not made any withdrawal and I paid all my premiums on time, however, my fund value becomes zero because the market is down, as in worst scenario, what will happen to my insurance? Am I still covered?
I watched here in TH-cam that even if I already paid all my premiums, I am still paying for my insurance and riders through my fund value. What if there is no fund value to cover my insurance? Will it be terminated?
Is this scenario possible?
Great question! If the fund value becomes zero, you will not be insured anymore. Which is why the insurance company normally informs the policy owner in advance to add funds to the policy if the funds are dangerously low to sustain the charges of the policy.
But remember, your fund value is normally invested in bonds and stocks. So you have to imagine what are the chances that the companies you're invested in would go bankrupt. Generally speaking, very slim chances.
Another thing to consider is the design of the policy itself. Since the agent designs the policy, if he or she adds too much benefits relative to the premium amount and savings period, your policy may be at risk of terminating due to low funds due to high insurance charges.
I hope this helps!
Thanks for answering. 🥰
@@kudaatdakdak Welcome! Happy to help :)
I had vul 5 years contract 100k a year.. maraming nagsasabi na iwithdraw ko na daw kasi lugi daw ako. Naengangyo na ako magwithdraw, naka autodebit pa naman xa. BDOLife pala un.
@@sabr7413 thank you for sharing. Getting a VUL would depend on your individual needs po.
If mataas ung living benefits like critical illness, worth it po sya.
I’m not sure about your plan but I made a video about my Generali policy, now BDO life policy. Hope you can check it out too! :)
@yourfinancialcoach_ph maraming salamat po. I think it's 50/50 wala lang rider ung sakin pero ang life insurance worth 1.5m. I haven't reviewed it because my friend was the agent kaya kumuha nalang ako para makahelp sa kanya.
@yourfinancialcoach_ph life insurance lang po xa worth 1.5m. Wala po akong rider. I was about to withdraw it when the financial coach told me na on my 3rd year pwede na daw start withdraw ng pera. Kaya, i changed my mind. Continue ko nalang
Hi Mam what if wlang nangyari po sa ngpa insured ng VUL (PAA PLus),
Parang ngsavings lng po bah? salamat...
Good question! For PAA Plus, since it is a VUL, yes mag aaccumulate lang sya ng investment sa fund value while you're still insured. So maiipon po ung investments nyo for the future. :)
Keep watching and support from Al Khafji Saudi Arabia.
Thank you for all the support po 💕
I'd appreciate an advice on this po:
I'm just finished the 10th yr of my vul at may sinend na cert of insurance na. Pwede ko na ba istop paying monthly, since 10 yrs lang naman sabi ng agent? As for the account value, bawas na sya since I made a withdrawal last year...I'm thinking po kasi na if need pa ituloy na magbayad, then I'd better withdraw na lang siguro.
@@vanela8743 hi! It depends on the insurance po. What’s your insurance policy po?
@@yourfinancialcoach_phlife insurance po. About the idea of withdrawal, unsure po kasi kami if talaga ba na lower yung Account Value than yung total premium namin. Like around 200k na yung paid amount pero yung Account Value po is around 130k lng (including yung nawithdraw last yr).
@@vanela8743 which life insurance company and policy po?
Kaya nga eh. Nakakatoxic sila mag post sa mga group nila. Muntikan ko na ipaterminate yung VUL ko eh. Napaisip ako bigla kako paanong lugi eh insurance nga yung main purpose nung kinuha ko di ko naman kinuha yun for investments kasi may MP2 naman ako. Mga engot din magisip yung mga iba na waste of money raw ang VUL eh napakalaking tulong niyan once maaccident ka or mahospitalize ka bigla. What if 3k palang nahuhulog mo bigla kang naaksidente o naospital eh di swerte mo may 500k - 2M kang cash agad diba. Iniisip nila yung investments eh hindi naman talaga yun ang main purpose ng insurance eh.
Yesss exactly! Thank you for understanding! Masyadong maraming misinformation jan and I’m glad nakafocus ka sa living benefits ni VUL. :) Bonus lang kasi talaga si investments kasi sulit na sulit ka na nga sa accident, disability and illness coverage.💪🏼
What if after critical illness di na makapag trabaho dahil di na fit to work? Ma waive po ba ang premium monthly?
@@arlandjandoquile7014 Hi! Good question.
If your current insurance policy has disability benefit, ultimately it will still depend on the terms of the contract.
If you cannot physically work for 6 consecutive months, dapat pwede mag claim ng disability benefit, if you have that benefit attached to your insurance policy. If may waiver rider na naka attach, yes pwede rin mawaive ung premiums due to disability. :)
Hope this helps!
I think the Accident and Critical illness is just one. Kapag na aksidente ka tapos yan yung cause ng critical illness mo, isang benefit lang makukuha mo. Lugi pa rin si insurance holder. Mejo na disappoint lang ako sa VUL kasi na aksidente ako habang basketball tournament ng office namin, hindi nag activate yung reimbursement/accidental benefit ko kahit malinaw sa nilagay ng doctor na accident ang nangyari.
Hi! Thanks for sharing your experience.
For accident and disability coverage, for VUL insurance rider, it generally means irrevocable loss of limbs, body parts or you cannot work for 6 consecutive months since you need assistance for 3 or more acts of daily living (feeding, mobility, continence, bathing, clothing etc).
During your basketball accident, may nag qualify ba dun sa nangyari?
@@yourfinancialcoach_ph Wala, bed rest lang for 1 week. And per night pala ang bilang ng daily income benefit pag na confine. I was expexting 6k matatanggap ko kasi 3days 2 nights alo sa hospital. Ngayon nag ask ako if meron bang benefit na makareimburse ng hospital bills lalo pag accident. Ganun kasi ang insurance na nasa isip ko. Ang taas ng bill ko pero 4k lang nakuha ko. But still thankful ako super sa prulife :). Nag expect lsng ako na maka reimburse kahit konti kasi “accident” rin naman ang nangyari.
@@paulorodriguez1291 Ohh buti naman di malala. Ibang benefit naman ung daily hospital income. One day is minimum 12 hours sa hospital.
For minor accidents (as in ung hindi malala like matanggalan ng body part or hindi mag critical) , HMO and Philhealth po tayo magrereimburse. :)
Ang accident and disability coverage po kasi ni VUL insurance pang mas malala po talaga.
So isipin natin, first line of defense si Philhealth and HMO tapos si VUL insurance yung next level of defense. Kaya important to have Emergency fund, HMO AND insurance. Kasi si HMO may limit lang rin po. Ang max usually ni HMO nasa Php 250,000, si VUL for critical illness, accident and disability up to millions po ang coverage natin. :)
I hope this helps clear things out. Maraming nacoconfuse po sa benefits ni insurance kaya I will make a separate video for the riders para mas maintindihan po natin.
Thank you for sharing and I hope this helps po!
Maam ano pong masasabi nyo sa BDO life saveflix 5 years to pay po sya with insurance and investment.
Hi! I haven’t studied that yet.
Could you kindly send the proposal or policy details to yourlifecoach.ph.v0@gmail.com ? :)
Sure 😊
@@crisdiaries573 great thanks! Once I get it, I’ll make content about it for you. :)
Ma'am ask ko lang po after critical illness like 6mos on ward di na po makag trabaho kc di na fit to work pwede po ba mag apply ng disability and if possible po ma waive din kaya ang monthly premium?
Hi! Good question.
If your current insurance policy has disability benefit, ultimately it will still depend on the terms of the contract.
If you cannot physically work for 6 consecutive months, dapat pwede mag claim ng disability benefit, if you have that benefit attached to your insurance policy. If may waiver rider na naka attach, yes pwede rin mawaive ung premiums due to disability. :)
Hope this helps!
ang problema kasi dyan yung mga agent eh, laging sinasabi ng mga FA na VUL is an investment+insurance, di sinabi yung mga malalaking fees, kaya halos wala ng matira sa pera mo
As mentioned in the video, VUL is still mainly insurance. Bonus lang si investment. It is still an important financial tool. I hope to educate people with these videos so that they wouldn’t think one tool is bad over another. Fees wise, you’re paying for the insurance mainly as well as management fees for the fund management.
@@yourfinancialcoach_phbakit ba "bonus lang"? Nung nag hahanap akp ng insurance. Tinanong ako ng agent kung ano ba goal ng insurance ko sabi ko retiremnt, savings, medical. Tapos vul ang binigay para may investment. Tapos ngayon sasabihin nya din bonus lang po kase yon ang mahalaga insured po kayo.
@@roan9485 it’s true na you need to consider kung anong goal for the insurance policy. But as mentioned in the video, a VUL policy is mainly insurance pa rin. It varies in purpose of course as other VUL plans are focused with investment and savings compared to insurance benefits.
The goal of the video is to educate people on the misconception that VUL policies are mainly focused on investment. It is not. It’s main purpose is still to insure. The focus is on the living benefits and the investment side is the add on or bonus side of it.
Hope this helps.
@@yourfinancialcoach_phI want to be enlightened don sa fund management fees? Anong ginagawa nila sa pagma manage ng fund like invest it in stocks or mutual funds? Binabayaran nman pala sila bakit di nila mapalago ang nalagay kong pera. Lagi lang sabi sa akin mababa ang market. Yes mababa ang market, hindi rin ako magaling sa trading but how come I was able to earn 80k in 2020 during pandemic. Kung yon lagi ang rason nila, then they are not performing well sayang pala fees na nababayad sa kanila. Its just my cents kc i have vul for 7 yrs and you know what, my fund value keeps on dropping, like 70k na nawala sa fund value ko. My agent's advise, maghulog lang ako ng maghulog para di mawala ang premium ng insurance ko. Diko ma gets, kung ang purpose is have an insurance and grow money, bakit dko ramdam ang pag grow ng money ko
Wr u able to invest sa mp2?
Hi Edgar! No. Based on the history of corruption and politics in the Philippines. I highly distrust any government entity. Just like PhilHealth and SSS which always disappoints, I don't trust Pag-Ibig investments as well. I already give the government a significant chunk of my taxes since I have no choice in the matter but I refuse to give them more money and power over my finances. This is just my personal opinion as someone who has experienced severe disappointment in government benefits, despite them maxing out required government contributions, within my family. They always fail to keep up with their promises, so I would rather trust private and public companies instead. I severely distrust anything related to the government as I have been disappointed every single time. I hope this answers your question and please let me know if you have more! :)
@@yourfinancialcoach_ph thank you Po mam medyo na gegets ko na Po siya😊.
Well i have invested in mp2 and it gained interest aftet 5 years with guaranteed returns esp with the principal rather than with vul investmen linked product which is never guaranteed, so many charges, very expensive. Its not even guaranteed if aftet 10 years, break even na. Well of course who could forget the cost of insurance. Hehehe.
@@edgarsayson3248 it’s great you’re investing. How much ung guaranteed returns ni MP2 mo so far?
@@yourfinancialcoach_ph for one......ung principal guaranteed return yun......unless na lang kung malagay sa gyera ang buong pinas o bumagsak ang economy ng pinas........2nd tax free ang dividens ng mp2..........3rd for the last 5yrs or so nag lalaro between 6%-7% ang dividens.(pandemic inclusive pa yan ha).....4th if you choose the 5 year end term ......the power of compounding is at work..........
kung talagang mas mabigat ang yalue ng insurance ng VUL kesa investment bakit isasali mo pa ang investment ?....d mag offer na lang kayo directly ng solo insurance.........ung investment component ng VUL pwede pang mag negative kasi stock market ang pinag iinvest niyan.........kung ahente ako ng VUL......VUL din ang pupush ko.......natural magkanong commission matatanggap at mapapakinabangan ko diyan..........
May tanong ako. Tapos na ako magbayad ng VUL insurance. What if namatay ako. Then, cover ako ng VUL insurance dahil sa death benefit tapos zero yung fund value ng insurance ko, may makukuha ba yung beneficiaries ko death benefit (face amount, sum insured, etc.)?
Great question! If zero na ung fund value, end contract na ung VUL. Kaya may minimum maintaining balance si VUL. Parang bank account lang. You need to keep some funds - usually at least 20k PHP in the VUL fund value for the contract to continue.
If you’re done paying for the policy and you keep some funds in the VUL plan, the contract should still be intact when the time comes that you need to claim.
Hope this helps!
@@yourfinancialcoach_ph So may chance na mag continuou ng premium payment kahit tapos na mabagyad after 10 years (assuming 10 years to pay yung VUL insurance)?
@@s3cr3t_channel if there are large withdrawals, yes. If there are no withdrawals, then it’s highly unlikely. For limited pay plans like 10 year pay, the proposal or policy benefits are usually designed to last your lifetime. (Unless in the rare case na sinagad {maxxed out} ni agent ung benefits vs your premium. But agents are normally trained to design policies properly (balanced premium to benefits ratio) policy).
@@yourfinancialcoach_ph What if considering of no withdrawals at saka utang tapos naging zero yung fund ko, so may chance talaga na mag continue ako magbayad after 10 years (considering 10 years to pay ang insurance ko)?
@@s3cr3t_channel it’s is highly unlikely na no withdrawals tapos mag zero ung fund value but yes in the worst case scenario that that happens, need magbayad pa if mag close to zero ang fund value to keep the policy in force.
But if there are no withdrawals in your VUL plan, imagine investing in a UITF or mutual fund for 10 years straight then afterwards expect na mag zero lahat ng investments mo. Highly unlikely diba? Even nung pandemic hindi nakan mag zero ung investments. So it’s highly unlikely unless mag zombie apocalypse tayo. Haha. Hope this helps!
HuWow more support po 😊
Yaaay thanks po!
So kung hindi po siya for investment, rather choose term para walang investment or BTID. Tama po ba? :)
@@ianb940 personally, I prefer VUL. Kasi two in one na sya.
May investment pa rin pero ang priority ay yung insurance coverage.
So I prefer na sabay na sya dito. And hindi naman ako naghahabol ng returns for a short period of time. Yung nakainvest ko na funds for VUL ay pang retirement. For 20-30+ years.
I also do personal investments sa side pero mga 10% lang yun compared to 90% of my “for the future” funds na nakalagay sa VUL.
I hope this makes sense.
I don’t like TRAD term insurance kasi high risk that it will lapse. If makalimutan mo lang magbayad ng one month, as far as I know, hindi mo na pwede iresume ung payments.
Daming di natatakot tumanda/ mamatayan 😂 VUL is key 🔑
True! Everyone will die or get sick at some point. I just really hope people understand accountability to cover their own expenses instead of relying on other people when they need money.
People’s lack of preparation is not my emergency. :)
I just really hope people learn to prepare and not be a burden to others.
Maam yong VUL available po ba in Sunlife and Kaiser insurance?
Hi! Thanks for your question! Alam ko Sunlife may VUL rin sila. While Kaiser is an HMO company so wala siyang VUL kasi insurance companies lang meron nun. Hope this helps! :)
MADAM yung PAA Plus po ba is VUL din?
Thank you for your question. Yes PruLife Uk’s PAA plus or PruLink Assurance Account plus has an investment component so yes it is a VUL. :)
VUL is crap. The commission fees are high (ie. 40%). It is not a legitimate way to invest. I'd rather put my money in Vanguard or S&P with fees as low as 1% or Gcash invest. Also with VUL I cannot pull out this "investment" untiil I am 85 years old.
Please watch the video again. I repeat, demonizing an investment tool is not good. Learning about the pros and cons of each tool is important. My point in the video is that VUL is a tool. It is not purely for investment purpose. Please educate yourself sir :)
Also, it’s your money so you decide where to invest. I would rather be safe and cover the basics like life, accident and critical illness before focusing on investments. It’s the smart way. But if you want to go full investment, go. It’s your money = Your life sir.
Insurance is different from investment. But if I can get both, I like the deal. If you don’t like it, edi wag haha. Your money, your rules. I prefer to manage my risk wisely :)
Agree!
Kapag namatay ang policy holder 5x lang ng annual payment ang makukuha?
@@josephestrada2448 depende po yan sa policy contract. Depende sa insurance plan. Iba iba po yung design ng iba ibang companies and per company maraming different policies with different designs.