Quote Originally Posted by boytsiks View Post
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.