PRUtection Overload

Happy Winsday!!

Are you a Filipino working abroad? Start an insurance, investment and savings program with us by availing our 3-in-1 elite million builder programs while you are here in the Philippines.

Take advantage of the opportunity while you’re earning! Aalis na insured. Uuwing may ipon ❤️

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May Annabelle Peliño, CIA
Licensed Financial Advisor
Assistant Unit Manager

Ito n po ang sagot!

ng nakakarami..

Bakit nga ba hindi refundable ang binayad mo na premium sa insurance policy (V.U.L.* or term insurance) mo?** 🤔

𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨:
Friend 1: Gipit ako ngayon. Stop na ako. Pwede ko ba makuha lahat ng dineposit ko? (After paying his regular-pay VUL for a few months)

Friend 2: Bakit? Kapag nag-claim ka ng coverage for death or sickness, pwede ba bawiin ng insurance company?

Hehe! Joking aside, bakit nga ba usually walang nakukuha kapag a few months old pa lang ang policy mo?

𝟏.) 𝐈𝐭'𝐬 𝐧𝐨𝐭 𝐚 𝐛𝐚𝐧𝐤 𝐝𝐞𝐩𝐨𝐬𝐢𝐭 𝐚𝐜𝐜𝐨𝐮𝐧𝐭.
A regular-pay VUL policy po is NOT a bank deposit account, where you can "park" your money and withdraw whenever you want. It is a protection contract between a client and an insurance company. Hindi sya fair for the insurance company kasi ang laking risk ang tinataya nila. Milyones ang kapalit ng binabayad mong premium. The only time na may makukuha ka po from your policy is kapag may tubo na ito from your investment (fund value), which is only possible kapag matagal na ang policy (at least three years).

𝟮.) 𝗜𝘁'𝘀 𝗹𝗶𝗸𝗲 𝗵𝗶𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗼𝗳 𝗮 𝗯𝗼𝗱𝘆𝗴𝘂𝗮𝗿𝗱.
Think of a VUL policy as your BODYGUARD. Regardless po kung may mangyari sa iyo o wala, kailangan nyo po sya sweldohan, kasi you were protected during the time na ni-hire nyo sya. Plain and simple.

𝟯.) 𝗬𝗼𝘂 𝗮𝗿𝗲 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮𝗻 𝗮𝘀𝘀𝗲𝘁.
Sa insurance or VUL po kasi, you are basically buying an asset with the choice to do it by "installment." Example, you are buying 1M coverage for 3k a month. If you were saving sa bank, it will take you nearly 30 years bago yan makumpleto. Pero sa insurance, agad-agad. Ownership was effective since Day 1 (for as long as you keep paying your premium). Same with buying a house. If you stop paying for the mortgage, wala kang makukuha. Hindi mo pwede bawiin ang downpayment mo. At lalong di mo rin magiging pagmamay-ari yung property kahit partially paid na. Subject for foreclosure.
Kaya for as long as binabayaran mo ang premium mo, mananatili ang promise ng insurance company to give that big amount if something bad happens to you. Once you stop, the company will also stop. Ang delikado dyan is kung may mangyari sa yo at cancelled na ang policy mo, hindi ka talaga maka-cover. Kaya if I were you, continue mo lang no matter what. I understand mahirap situation nyo now pero di hamak na mas mahihirapan kayo pag ang magka-emergency ay ikaw mismo at sumabay ka to an already existing financial problem. Tandaan mo, maraming pwedeng mangyari sa isang minuto at hindi ka dun exempted. Even in your sleep, something could happen.

* V.U.L. Refers to Variable Unit Link or investment-linked life insurance, insuravest, unit-linked life insurance or investment with insurance

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𝑾𝒉𝒚 𝒊𝒔 𝒊𝒕 “𝒏𝒐𝒕 𝒐𝒌𝒂𝒚” 𝒕𝒐 𝑫𝑬𝑳𝑨𝒀 𝒚𝒐𝒖𝒓 𝒊𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆?

1. 𝑰𝒕 𝒈𝒆𝒕𝒔 𝒎𝒐𝒓𝒆 𝒆𝒙𝒑𝒆𝒏𝒔𝒊𝒗𝒆

The older we get, mas risky na tayo as an individual para iinsure ng insurance companies. Kaya mas mahal na talaga ang mga insurance premiums.

Parang kotse lang din, kapag mas luma na yung car, mas maliit na yung benefits na pwede mong makuha sa car insurance mo. Kaya kung gusto mong makatipid, get it as early as now.

2. 𝒀𝒐𝒖 𝒘𝒊𝒍𝒍 𝒉𝒂𝒗𝒆 𝒂 𝒍𝒆𝒔𝒔𝒆𝒓 𝒄𝒉𝒂𝒏𝒄𝒆 𝒐𝒇 𝒂𝒑𝒑𝒓𝒐𝒗𝒂𝒍

Of course the insurance company wants to make sure na healthy yung mga iinsure nila since they are giving millions.

So as we age, nagdedeteriorate din yung health natin. Kaya most likely kapag mas matatanda na, nagrerequire na ng medical examinations and all.

We are buying insurance with health not with money. Kahit gaano pa kalaki ang kaya mong Ibigay para lang mainsure ka, if hindi ka na healthy, hindi na talaga possible makakuha pa.

3. 𝑾𝒆 𝒎𝒊𝒈𝒉𝒕 𝒏𝒆𝒗𝒆𝒓 𝒈𝒆𝒕 𝒂 𝒄𝒉𝒂𝒏𝒄𝒆

Life is unpredictable. Everyday, madaming pwedeng mangyari — accident, disability, illness and even death. Hindi natin alam kung kailan 'to mangyayari sa atin.

Hopefully, kapag dumating man ito, ready tayo financially.

Parang fire extinguisher lang. Naglalagay tayo nito sa Bahay para kung sakaling magkasunog, meron tayong magagamit. Hindi naman tayo bibili ng fire extinguisher habang nasusunog yung bahay natin di ba?

I hope before 2023 ends, insured ka na. 🤗

Message me to know your options.



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