AXA ALBAY -FL ANA

VUL can ensure your children's education!!

Here's how:

If you passed away, your family will receive the claim proceeds and this can be set aside and used for your child's education.

If you remain safe and healthy, which we are praying for, you can continue working, saving and investing for your child's education and your investment can be used for your child's education.

If you are the payor, on your child is the insured, you may attached a waiver for the payor so that if the payor dies or becomes disabled, the life insurance company can waive all future premiums of the policy. This will ensure that your fund value will continue to grow.

If you are the insured, you may attached a disability and critical illness waiver so that if you become disabled or critically ill, the life insurance company can waive all future premiums of the policy. This will ensure that your fund value will continue to grow.

To know more, message us or your friendly financial advisor!

Did you know that your life insurance policy can be used as a Mortgage Redemption Insurance?

Ano nga ba ang MRI o ang Mortgage Redemption Insurance?

Basically, this is your insurance to protect your properties na pinupundar mo pa lamang like lupa, bahay, etc. na kasulukuyan mo pang niloan at binabayaran sa bangko. The main use of MRI is that, if you are taken out of the picture or if you get disabled, your insurance can pay in full amount yung bahay or lupa na nakaloan sa bangko. 🥰🙏🏻

That way, hindi hahabulin ng bank yung family mo kung sakaling mawala ka or madisable ka. Hindi babawiin ng bangko yung property mo at hindi mapapaalis yung family mo. Hindi masasayang yung pinagpaguran mong ipundar for how many years. At lalong lalo na, your family can focus in grieving for your loss and in moving on to their lives and at the same time they can be able to sustain their standard of living. 👍🏻

Sobrang importante ng mga properties natin since most of them holds the memories we have with our family. Make sure we protect it and make sure maipasa natin sa family natin! ❤🙏🏻

Life insurance is actually a product that basically protects a family which has lost either a breadwinner or a loved one. And the purpose of buying life insurance is quite simple. It’s about protecting income in case a person passes away.

So let’s say for example. Let’s look at a family - A husband, wife, two children where the husband is a breadwinner. If the husband passes away, the wife and the children need to still continue living their life. Now there are two things that will happen:

✅ Number one, they’ve lost a loved one.
✅ Number two, they’ve lost the income that that person was generating for the family.

Emotional Loss is very difficult to replace but it’s something that’ll take time to heal. However, if you additionally have a Financial Loss, when someone passes away, it takes a LONGER time to recover from that. And the simplest way to handle that is to buy Life Insurance.

When a person passes away, the family continues to get the income that that person would have otherwise generated for the family. So. Life insurance is a very simple product. It’s a contract between the insurance company and the person that if something happened to that person, the family would continue to get his or her income for the rest of their lives.

The second purpose of buying life insurance is to CANCEL LIABILITIES. So let’s say you have a liability like a mortgage. Now when a person passes away, the asset will either be taken over by the bank or the insurance company could cancel that mortgage payment. So the insurance company would pay off the liability and cancel it. So all liabilities can be protected by using life insurance in the event that someone passes away.

Although there are many types of insurance but there are TWO primary types: WHOLE LIFE and TERM. Life Insurance can be quite a complicated subject if you don’t spend time understanding it. It will be best if you can reach out to a financial advisor to understand how insurance can help protect you financially.

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