01/08/2024
Thoughts? Here are my thoughts as an insurance professional:
1. VUL is NOT a stand-alone investment plan. It has insurance components of which the frustrated client did not mention how much she/he was covered for. In those 3 years, I am for sure you were covered for millions. ๐ฌ๐ผ๐๐ฟ ๐ณ๐ฎ๐บ๐ถ๐น๐โ๐ ๐ฎ๐๐๐ฒ๐๐ ๐๐ฒ๐ป๐ ๐ฑ๐ผ๐๐ป ๐ฏ๐ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป๐ ๐๐ต๐ฒ๐ป ๐๐ผ๐ ๐ฑ๐ฒ๐ฐ๐ถ๐ฑ๐ฒ๐ฑ ๐๐ผ ๐๐๐ฟ๐ฟ๐ฒ๐ป๐ฑ๐ฒ๐ฟ ๐๐ผ๐๐ฟ ๐ฝ๐ผ๐น๐ถ๐ฐ๐.
2. Imagine nagkasakit ka within a year or two years from the issuance of the policy, saan ka kukuha ng 1M na money other than your own bank, that is if meron ka 1M na naka tago, pero if gagastos ka na lang din sa sakit or disability, gusto mo pa ba kumuha sa funds na dapat para sa magaan na buhay ng mga mahal mo sa buhay? ๐ค ๐ง๐ฎ๐ธ๐ฒ ๐ป๐ผ๐๐ฒ: ๐๐๐ฒ๐ฟ๐๐ฒ ๐ธ๐ฎ ๐ถ๐ณ ๐น๐ฒ๐๐ ๐๐ต๐ฎ๐ป ๐ญ๐ ๐น๐ฎ๐ป๐ด ๐ด๐ฎ๐ด๐ฎ๐๐๐๐๐ถ๐ป ๐บ๐ผ ๐๐ฎ ๐ฐ๐ฟ๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐ถ๐น๐น๐ป๐ฒ๐๐.
3. Based on my computation, this person was paying around โฑ2,500 monthly for the policy. Do you know anybody who got rich saving this amount for just 3 years? No. Because wealth is built over time. And please manage your expectations based on the amount you invest.
4. VULs have insurance charges lalo na sa first 2-3 years. Para kang nag hire ng body guard for your assets, tapos expect mo walang fees?
5. Investment is not guaranteed, just like BTID and MP2. Just like when you open a business, walang guaranteed. But you can make wise decisions based on factual numbers. Per company iba iba ang performance, and per company, iba iba rin ang pinaglalaanang funds. Again, ask from a professional.
6. Insurance agents have commissions just like all other professionals. We undergo trainings, coaching and mentoring locally and internationally, and thatโs not free for everybody to enjoy ๐ค But I bet you can meet a lot of agents who are willing to help you learn more about the importance of insurance and investment for FREE. Thatโs our mission for Filipinos, to become financially literate.
My dear clients, please feel free to ask me anything! I hope and I pray we donโt just get our information from random frustrated clients on the internet โ