Life Insurance

[Deestone]

I have attended this training something for finance/accounting… and the lecturer told us not to settle if the gain of investement is less than 10%…. But im thinking in the real world scenario who would give such….


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There's this fuel station co-fanchising offering me 3.5% monthly interest if i invest my money with them they even have a notarized signed contract as proof after payment. That is 42% interest per annum.

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[dr. d]

There's this fuel station co-fanchising offering me 3.5% monthly interest if i invest my money with them they even have a notarized signed contract as proof after payment. That is 42% interest per annum.

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is it a guaranteed 42% per annum?
or is it "... up to 42% per annum" ?

kasi naman, kung 42% guaranteed,
napakaraming mag-gu-gustong makisawsaw diyan.

if what they claim is true,
they won't need to entice investors. all they have to do is to borrow money from the bank. their claimed interest alone should be more than enough to pay the bank and still make a tidy profit for themselves.

[papi smith]

There's this fuel station co-fanchising offering me 3.5% monthly interest if i invest my money with them they even have a notarized signed contract as proof after payment. That is 42% interest per annum.

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Walk away bro, too good to be true...

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[papi smith]

Time in the market beats timing the market.

DCA and a long term perspective allows you to flatten out the short term peaks and valleys of the market cycle.


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Oh well, as the great Jesse Liverspread once said, " the monay is in the sitting" [emoji16]

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[Walter]

There's this fuel station co-fanchising offering me 3.5% monthly interest if i invest my money with them they even have a notarized signed contract as proof after payment. That is 42% interest per annum.

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Too good to be true ...

[Deestone]

I kept seeing post of Nicole Hyala and her husband from Insurance Page the medical bill amounted to Php2.3M but they only paid Php39k thanks to AXA health maintenance card.

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[ale828]

There's this fuel station co-fanchising offering me 3.5% monthly interest if i invest my money with them they even have a notarized signed contract as proof after payment. That is 42% interest per annum.

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Too good to be true.
I know owners of Gas stations and was told before that they really don't get a lot from the fuel they sell. centavos lang daw per liter.
Bulk of their profits is from car services, rental space and convenience store sales.

[Deestone]

Too good to be true.
I know owners of Gas stations and was told before that they really don't get a lot from the fuel they sell. centavos lang daw per liter.
Bulk of their profits is from car services, rental space and convenience store sales.

The agent even gave me sample computation i will post it here. He said they are rapidly expanding and show me some photos as proof anyway if this is a scam I pity those people who invested on this.

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[jut703]

The agent even gave me sample computation i will post it here. He said they are rapidly expanding and show me some photos as proof anyway if this is a scam I pity those people who invested on this.

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Came from the petroleum industry. You can send me their quote and I’ll explain to you exactly why it’s BS


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[jut703]

I kept seeing post of Nicole Hyala and her husband from Insurance Page the medical bill amounted to Php2.3M but they only paid Php39k thanks to AXA health maintenance card.

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AXA GHA is a great product. For about 25k per year, you get 100M medical coverage anywhere in the world.


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[Deestone]

AXA GHA is a great product. For about 25k per year, you get 100M medical coverage anywhere in the world.


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I see so this is totally Health Card not related with life insurance or vul? Can a life insurance or VUL offer what AXA GHA is offering? I understand that you can include critical illness.

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[boybi]

I see so this is totally Health Card not related with life insurance or vul? Can a life insurance or VUL offer what AXA GHA is offering? I understand that you can include critical illness.

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Sa Critical Illness, one time availment lang yan. The AXA GHA is almost unlimited availment as long as you are paying the premium.

[tarzegetakizerd]

I see so this is totally Health Card not related with life insurance or vul? Can a life insurance or VUL offer what AXA GHA is offering? I understand that you can include critical illness.

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health insurance is different from life insurance, but you can include riders in the life insurance to cover medical bills IIRC

[jut703]

I see so this is totally Health Card not related with life insurance or vul? Can a life insurance or VUL offer what AXA GHA is offering? I understand that you can include critical illness.

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Life insurance, medical insurance, and HMO are 3 different products.

HMO will typically cover you for about 200-500k per illness per year.

GHA is a medical insurance, which covers you for severe hospitalization that your typical HMO cannot cover. If you don’t have an HMO, GHA offers coverage without a 200k deductible (meaning you can reimburse even the small hospital expenses). Of course this comes at a higher fee (around 45k per year vs GHA Lite at 25k per year).

Life Insurance like VULs protect you for your death. They can however also come with additional critical illness riders. For roughly 10-15k per year, you get critical illness coverage of 1M plus a few days per year of reimbursable room confinement (5k per day).

You have to compare different products and see what is the best coverage for you. Most agents will only sell their products, but the best combination is always a mix across different companies’ offerings.


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[Deestone]

Came from the petroleum industry. You can send me their quote and I’ll explain to you exactly why it’s BS


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Okay here is the computation that the agent sent me. So after investing Php500k for 5yrs I will be earning Php966k interest plus Php500k principal on the 6th year.

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[jut703]

Okay here is the computation that the agent sent me. So after investing Php500k for 5yrs I will be earning Php966k interest plus Php500k principal on the 6th year.

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LOL at 4% per month.

Things you should ask:
1. How many KL of fuel will you be selling per month?
2. What is margin on gasoline and diesel?
3. What is rental rate for the land, and manpower costs?

That’s a BS business plan, it’s not even a business plan. It’s a freakin’ empty promise - no computations whatsoever on how you will arrive at that 4% return per month.


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[uls]

RE: that gas station co-franchise whatever they call it

una bakit kailangan nila mag raise ng capital in that way?

wala ba sila sariling puhunan?

kung wala sila pera bakit sila nasa ganyan negosyo?

bakit di sila mangutang sa bangko?

[jut703]

RE: that gas station co-franchise whatever they call it

una bakit kailangan nila mag raise ng capital in that way?

wala ba sila sariling puhunan?

kung wala sila pera bakit sila nasa ganyan negosyo?

bakit di sila mangutang sa bangko?

Mas madali mang-uto ng ordinary investor kaysa banko. Tingnan mo naman yang padalang quote nila, may mauuto kaya silang Loan Officer niyan? Lol.

Also, most na nakikita kong nagaalok ng mga ganyan, may sariling pera naman. Gusto lang nila gamitin pera ng iba kasi nga risky investment (petroleum is a dying business) tapos di naman sila mahahabol ng mga investor nila kasi as usual sasabihin, “ah nalugi eh, ganun naman ang investment minsan panalo minsan talo”

Tanga lang talaga magiinvest sa ganyan. Magsasarili nalang akong generic station kung gusto ko talaga ng station.


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[uls]

i mean kung sobra ok ung business idea mo di mo kailangan mag hanap ng investor

investors will be calling you, knocking on your door "here take my money!!"

sa panahon ngayon andami tao sumasabog mga bank account sa dami ng pera di alam ano gagawin sa pera coz of lack of investment opportunities coz bulok ang economy natin

tapos eto small player gas station naghahanap ng mamumuhunan?

[uls]

Mas madali mang-uto ng ordinary investor kaysa banko. Tingnan mo naman yang padalang quote nila, may mauuto kaya silang Loan Officer niyan? Lol.


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kaya nga eh

over optimistic naman yan