Financial Advisor / Life Changer by Ms. Proci

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[MRI PARA SA BANK LOANS]

SCENARIO

"So share ko lang yung client ko na kumuha ng Condo. He acquired Term Insurance from me worth 5 million para gamitin sa MRI na requirement sa bank loan.

Ano ba yung MRI? Simple lang, if the paying person die, yung MRI(Life Insurance) ang magbabayad sa natitirang bayarin na loan sa bank.

"EH, BANK PROVIDES MRI ALSO"

Tama, banks do offer MRI. However, my client prefers na may additional na maiiwan parin sa anak nya in any case na mawala sya ng maaga.

Halimbawa: Kung ang bayarin sa Condo ay 2 million nalang at sya ay kinuha na ni Lord, yung 3 million na "sukli" ay mapupunta sa anak nya on top pa sa existing Life Insurance nya na 2.5m VUL.

After mahulugan fully ang loans, plano nya i-convert ang MRI policy nya into either Whole Life or VUL (depende sa magiging plano namin in the future).

Cool no? Isa lang ito sa maraming application ng Life Insurance. "

Case 5. May Insurance looking nang Beneficiary