Educational Plan

[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..