Educational Plan

[boytsiks]

Hi Tsikoteers, may inooffer sa kin ang axa na educational plan/ life insurance. Any feedback sa axa educational plan. Ok pa bang kumuha ng mga educational plan these days? tIA

[_Qwerty_]

depende kung anong klase.. ngayon yata di na sila nag o offer nang educational plan na gaya dati na babayaran yung tuition without indicating the amount na babayaran nila.. dyan nalugi ang CAP.. biglang tumaas ang mga tuition fee kailangan nila bayaran.. ngayon yung mga educational plan fixed amount na and para na din syang investment account na lang..

[boytsiks]

Fixed amount na lang nga ibibigay syo. Please correct me if Im wrong kung ganun ba talaga, kasi yung makukuha mo para sa tuition fee ay less than ng ininvest mo para sa plan. Plus meron kang makukuhang certain amount depende sa return rate ng investment. Ang computation nila ay may makukuha ka pag ang return rate ay 8%. Not sure kung tama pagkakaintindi ko kasi pinadala lang yung computation sa bahay. Can someone enlighten me on this.

BTW, hope nasa tama ako section ng forum. If not, pakilipat na lang mga mods.

[_Qwerty_]

yung total na makukuha mo less than pa sa ni invest mo?? eh parang mali yan.. dapat more than sa ni invest mo.. kaya nga ka nga nag invest..

[CVT]

yung total na makukuha mo less than pa sa ni invest mo?? eh parang mali yan.. dapat more than sa ni invest mo.. kaya nga ka nga nag invest..

If I were you, bro.,- hawakan mo na lang ang pera. And since, the market is doing good,- invest in mutual funds / stocks.

19.2K;book:

[macsd]

If your really interested, get from Insular Life. Ayala group very stable. It's prudent to have one for the kids.
Iba na yung meron naitabi. In the evene t na your better off by the time magcollege ang anak mo, pwede na rin
kahit pang baon nya instead of tuition.

[vinj]

If your really interested, get from Insular Life. Ayala group very stable. It's prudent to have one for the kids.
Iba na yung meron naitabi. In the evene t na your better off by the time magcollege ang anak mo, pwede na rin
kahit pang baon nya instead of tuition.

I agree here. If you get a college plan for your kids, don't rely on it solely and continue to set aside your own cash savings. As your financial situation improves then bonus points na rin yan.

[CVT]

Educational plans nowadays are endowment plans... More like investment plans. Still, I would suggest you manage your money....

Unlike before,- guaranteed college tuition and fees.... See what happened to CAP and most recently, Prudentialife (and other lesser pre-need plans)?

19.2K:book:

[yebo]

pure BS yang educational plans na yan. ang baba ng returns, puro promise lang tapos pag kailangan mo na di mo pa sure kung meron pa. tapos ano yang 8% na yield na yan, napaka-kuripot naman magbigay ng returns nyan! PSE grew from 6100 points to 7300 points in the last 5 months! thats 19.6%/5 months or a predicted 47% yield/year! tapos 8% lang ibibigay nila sa iyo?

mag-mutual funds ka na lang. taas ng returns ngayon sa mutual funds. try sunlife, bpi or philam. i-monitor mo lang ang market and get out when it turns sour. maganda naman ang prediction for the philippines e so take advantage of the boom. pag pababa na ang market then you can always park your money in bonds or time deposit.

[_Qwerty_]

better nga to invest in life insurance with dividends.. insured ka na.. then mag earn pa yung money mo.. after ilang years you can withdraw the dividends..

[Retz]

nakakatakot na mag educational plan sa nangyari sa CAP.

[boytsiks]

Thanks guys. I told my wife na sa mutual fund na lang iinvest yung pera. Matagal pa naman magcocollege yung anak ko since di pa nagaaral yung kukuhanan ko sana. Ang advantage lang nun is magseserve sya na life insurance. Pero kakausapin ko rin yung agent para lang clear lahat.

[Balikpinoy]

Thanks guys. I told my wife na sa mutual fund na lang iinvest yung pera. Matagal pa naman magcocollege yung anak ko since di pa nagaaral yung kukuhanan ko sana. Ang advantage lang nun is magseserve sya na life insurance. Pero kakausapin ko rin yung agent para lang clear lahat.

Make sure you get a breakdown of how much of your "investment" will go to the premium part of the insurance.

[yebo]

Thanks guys. I told my wife na sa mutual fund na lang iinvest yung pera. Matagal pa naman magcocollege yung anak ko since di pa nagaaral yung kukuhanan ko sana. Ang advantage lang nun is magseserve sya na life insurance. Pero kakausapin ko rin yung agent para lang clear lahat.

don't invest it all in that, mababa din returns dyan (nasa 10% lang yan, basing on manulife insurance. my wife is an agent kaya alam ko). just get enough for you to have peace of mind, then invest the rest in mutual funds where your funds will really grow. for example if you can afford to put aside 20k/month then just put 5-10k in life insurance premiums per month then put the remainder in mutual funds. this way your money will grow faster. also the insurance should only have a payment period of 5 years so that after you have paid the premiums you can then concentrate on building up your mutual funds.

ako i had that life insurance c/w savings plan before. i also had a mutual fund. after i had built up my mutual fund to a comfortable level i cashed in my insurance and transferred all the funds into my mutual fund. at present i now have in my mutual fund what is promised by the insurance. the difference is i am now not paying any premiums* for this insurance and i have access to the funds any time we need it.

*even if the insurance has been paid off already and you are no longer paying the fact is your fund is still paying for it. kaya mababa ang yield because part of the yield goes to paying the monthly premiums.

[yebo]

all agents, without exemption, will always try to get you to buy that insurance/savings plan thing. why? kasi mas malaki commission nila. dun sa mutual fund they only get the first commission, then nothing anymore from any subsequent addition you make. they will discourage you to go into mutual funds, wala halos kasi sila kikitahin sa iyo.

[tagalnasaabroad]

Hi Tsikoteers, may inooffer sa kin ang axa na educational plan/ life insurance. Any feedback sa axa educational plan. Ok pa bang kumuha ng mga educational plan these days? tIA

Got it from some sources AXA is affiliated with metro bank so medyo me piece of mind ka should you plunge your hard earned resources buying an edu plan..also, these plans' fine prints are now being prudently restructured and tightly scrutinized by the Insurance Commission due to the infamous debacle of companies like CAP and Prudentialife, among others - leaving hapless plan holders practically duped of their savings and unfairly compromising their children's bright future..find more time to browse online to get some backgrounds of what transpired and the industry's agony that follows..recent TV news revealed
Prudentialife is putting on hold disbursement of available funds for some reasons while giving breakdown hints of settlement shares as follows:
1) educational plan: up to 20% of total premiums paid by the plan holder
2) pension plan: up to 40%
3) memorial plan: up to 80%
Buti na yan kisa wala..

As others have posted, you can always look for more options for your money by visiting major banks website offerings..there's VUL, mutual funds, UITF, stock trading, forex trading, franchising, etc..

Just like Suzy Orman's one liner quip on her idiot board, "I would like each & everyone of you to start investing..!"..I tried and it works..