Educational Plan

[prinsipe]

Hi List,

Gusto ko lang malaman kung ano ang magandang insurance company na kuhanan ng Educational Plan. Kailangan ko na kasi ikuha yun baby ko e. Sana matulungan nyo ako.

May mga pinagpipilian na ako - CAP, Insular, Nipponlife...ang pinakamaganda sa tatlo ay CAP based on ROI computation ko. Pero sabi ng ibang kilala ko di na daw maganda ang financial standing ng CAP.

Thanks in advance!

regards,

[Litespeed]

My wife and her siblings had CAP. But they never get a chance to use it coz they all migrated sa US before they even went to high school sa Pinas. The good thing about CAP: It is TRANSFERABLE. Her younger cousins and relatives was able to use all of them. In anyway, no $$ was wasted.

BTW, my wife is about 26 y/o now. Her parents bought the policy when she was 2 years old. So I guess that is a sign of good financial stability of a company, IMO. Good Luck

[zero]

you may inquire at SEC regarding the present status ng isang pre-need company like CAP. here is the telephone no. to call 7272324.

[pissword]

pero i think may konting financial problem ang CAP bago lang... dunno if naresolve na yan. better check muna. ako may CAP plan ako.. and binabayaran nila lahat upto the last centavo tlaga.. ndi pinipili. then medyo mahal pa naman tuiton ko so un 30+ plus na ininvest ng parents ko before... tlagang sulit sobra..

[Litespeed]

Prinsipe,
Let me know what you've come up with. I am thinking of helping out some of my sister's kids by buying them this policy. I guess pays in terms of long term goal.

TIA

[kimpOy]

yup mid 90s yata nagka problem ang CAP, kasi onr of the classmate (under CAP plans) sa college was not able to take his final exam because of the CAP issues,

di ko alam ngayon...

[mazdamazda]

Preneed Performance from Jan - July 2003

Hi Prinsipe,

You may want to check out the link above for the performance of our preneed companies. Under the education sub group, CAP leads in the number of plans but Prudentialife Plans has a larger sales amount.

Btw, education plans is being sold by preneed companies, not by insurance companies. Simply put, in insurance, you need to pass away before your beneficiaries get something. While for preneed, you are just like saving / investing your money.

And oh, am also connected with Prudential Life. Email me at prudentialife*digitelone.com for more details.

Thanks.

[prinsipe]

salamat sa mga replies.

mazdamazda, email kita mamya. bagal ng internet namin ngayon e. di ako maka log in sa hotmail at yahoo. is it possible for you to mail me proposal for 300k and 500k educationla plan? kung pwede lang naman...hehehe...eto email add ko - prinsipe*hotmail.com

thanks din sa lesson about preneed and insurance companies.

[1D4LV]

Originally posted by prinsipe
Hi List,

Gusto ko lang malaman kung ano ang magandang insurance company na kuhanan ng Educational Plan. Kailangan ko na kasi ikuha yun baby ko e. Sana matulungan nyo ako.

May mga pinagpipilian na ako - CAP, Insular, Nipponlife...ang pinakamaganda sa tatlo ay CAP based on ROI computation ko. Pero sabi ng ibang kilala ko di na daw maganda ang financial standing ng CAP.

Thanks in advance!

regards,

prinsipe,taga nippon life ako eh, ala naman kaming educ plan ah. baka repackaged life plan yan na may scheduled o anticipated benefits siguro yan. sino agent mo?

ex-company ko is insular life, maganda educ plan nila kaya lang mahal.

may inoffer sa akin si mazda2, maganda. eto, malapit na kaming magkasara anytime this week up to early next week. ;)

[mazdamazda]

Originally posted by happy_gilmore
may inoffer sa akin si mazda2, maganda. eto, malapit na kaming magkasara anytime this week up to early next week. ;)

sana nga happy_gilmore! :D

prinsipe, assume ko na 0 years old ang baby mo ha?

[pissword]

ganun na ba kamahal ngaun?? heheh i mean basta mahal na ba sobra?? kasi ang alam ko kinunan ako ng parents ko before uhhmm i was 8 years old nun (1990).. 30K++ lang ang binayaran, exclusive schools package na ata un. tas naavail ko un educ plan 1999 - 2003 kasi gud for 8 terms/semester un eh. pero now ba aabot na ng mga 100K un mga educ plans?? hehehe CAP pala un akin ha.. un kasi ang sikat eversince

[mazdamazda]

pissword,

discontinued na yung scheme na "the company will pay for the tuition, regardless how much". CAP is the last one to offer it pero sobrang mahal. SEC na rin mismo ang nagpatigil at na foresee nila na unpredictable and change in tuition fees, kaya baka malugi ang mga preneed companies.

so ngayon, fixed cash benefit na ang computation. maganda lang is kahit hindi mag college ang scholar, kuha pa rin ang cash.

[badkuk]

last i heard, naka utang ng 2B ung CAP..so technically they're not it financial trouble...yet

This is medyo in the remote future pa, but La Salle has been offering DLSU bonds at maturity of which pwede mo sya iredeem as a 4 yr college course. The catch is, dapat pumasa ung bond holder sa entrance exams.

i'm sure i'm missing out on a lot of details, so check it out with them B).

Considering how tuition fees are going, it looks quite interesting d ba?

.. o baka naman me lahi kayong taga Mensa, kaya't kayang-kaya maging scholar ng baby mo B).

[prinsipe]

happy_gilmore,

yup repackaged life paln ata yun kasi may kasamang life insurance e.

mazdamazda,

yup 0 age nun baby ko. pero mag birthday na sya next week...pwede ba ma hold yun age sa 0 up to next month? sana pede, sa iba kasi pwede nila i-hold na 0 age up to at least end of October.

salamat sa lahat!

[prinsipe]

happy_gilmore,

sorry, di ko nasagot kung sino yun agent na nag-offer sa akin. di ko rin kasi kilala sir. ang nag offer sa akin is yun friend ko na sa nipponlife nag-work pero di sya agent.

[pissword]

ahh un pala un mazdamazda tnx.. sabi nga daw discontinued na un exclusive package pero d ko lam na discontinued na pala talga un ganun na way of educ plan.. so ngaun parang savings nalang pala talga ang mga educ plans?? super expensive na kasi eh hehe siguro before d nila na predict na ganito kamahal ang tuition. lugi kasi tlaga sila like in my case..30T++ lang binayad for the plan, pero term ko more or less ganun na nga din ang amount.. hehee although syempre tumubo na sila sa ininvest ng parents ko dun sa time matapos bayaran til the time na naavail ko.

anyway masmarami na nga ngaun ung lump sum insurance(dunno what they call it)..un after 10years may ganitong amount makukuha ang anak.for future security...pansin ko lang masmarami nag aavail na ng ganun.

badkuk... MAHAL yun package ng lasalle hehee around 500T ++(not sure sa figure) basta ganun sya although payable in terms. pero d sya flexible ata kasi dpat sa DLSU SYSTEM member schools ka lang mag aaral. the last time i heard kasi is ganito sya. ewan ko nga natuloy ba...

[1D4LV]

Originally posted by prinsipe
happy_gilmore,

sorry, di ko nasagot kung sino yun agent na nag-offer sa akin. di ko rin kasi kilala sir. ang nag offer sa akin is yun friend ko na sa nipponlife nag-work pero di sya agent.

anong name nung friend mo? pm mo na lang sa akin para discrete...;)

[buknoy2002]

pm me kung gusto mo try philamlife o philamplans....

memver kami ng aig group of companies

[yebo]

invest nyo na lang sa mutual funds yan, nasa 20%++ ang returns per annum. pag invest nyo yan at baby*1yr old, pag dating ng college nya big bucks na yan.

liquid pa, pwede mo sell pag nangailangan ka pera for emergencies.

[badkuk]

re mutual funds...Sunlife ata ung medyo mataas ngayon no?