07/02/2022
[TL:DR pero may learnings, VUL Holder]
May client ako na nagpa review ng existing policy nya.
Almost 6 years na syang naghuhulog and nakita na nya ang value ng kanyang hinuhulugan.
He's paying the plan for PHP 2,500.00/MONTH simula 21 y/o sya. The coverage are as follows:
Maxilink Prime (10Year Plan)
Death Benefit: 1,000,000.00
Accidental Death Benefit: 500,000.00
Excess Premium: 7,875.00
Fund Value as of 01/29/2022 (100% Equity): PHP 130,216.02
Units Bought: 32,951.9
Unit Price: 3.9517
QUESTIONS ASKED:
๐๐ฎ๐ธ๐ถ๐ ๐ฝ๐ฎ๐ฟ๐ฎ๐ป๐ด ๐น๐๐ด๐ถ? ๐ก๐ฎ๐๐ฎ ๐ญ๐ฏ๐ฌ๐ธ ๐ฝ๐ฎ๐น๐ฎ๐ป๐ด ๐ฎ๐ป๐ด ๐๐๐ป๐ฑ ๐ฉ๐ฎ๐น๐๐ฒ ๐ฝ๐ฒ๐ฟ๐ผ ๐ญ๐ด๐ฌ๐ธ ๐ป๐ฎ ๐ฎ๐ป๐ด ๐ป๐ฎ๐ต๐๐น๐ผ๐ด?
- Good question, VUL or Maxilink Prime is a Life Insurance with Investment component. Meaning, hindi ito mainly focused on investment but rather a Life Insurance. PERO, in case na kailanganin for future financial needs, pwede kang mag partial withdrawal dito.
๐๐ถ๐ฏ๐ฎ ๐ป๐ฎ๐๐ฎ ๐ฝ๐ฎ๐ป๐ฑ๐ฒ๐บ๐ถ๐ฐ ๐ฝ๐ฎ? ๐ ๐ฎ๐ด๐ธ๐ฎ๐ป๐ผ ๐ฝ๐ฎ ๐ฎ๐ป๐ด ๐ฝ๐ผ๐๐๐ถ๐ฏ๐น๐ฒ ๐ป๐ฎ ๐บ๐ฎ๐ธ๐๐ต๐ฎ ๐ถ๐ป ๐ฐ๐ฎ๐๐ฒ ๐ป๐ฎ ๐บ๐ฎ๐ธ๐ฎ ๐ฟ๐ฒ๐ฐ๐ผ๐๐ฒ๐ฟ ๐ป๐ฎ ๐๐ฎ๐๐ผ ๐๐ฎ ๐ฝ๐ฎ๐ป๐ฑ๐ฒ๐บ๐ถ๐ฐ?
- While we are still recovering, medyo may paghihintay pa para makabawi ang market sa pandemic na ito. Pero magkano nga ba? By looking at current fund price, nasa 3.9 pesos per unit si equity pero prior to pandemic, nasa 4.5 pesos per unit sya. Kunwari na bukas biglang bumalik sa normal ang lahat (syempre kunwari lang) ang value ng shares mo at 4.5 pesos per unit ay magiging 148,283.55. Pero again, pwede itong bumaba o tumaas pa sa 4.5. Araw araw ang pagbabago ng presyo.
๐๐ป๐ผ ๐ฎ๐ป๐ด ๐ธ๐ฎ๐ถ๐น๐ฎ๐ป๐ด๐ฎ๐ป ๐ธ๐ผ๐ป๐ด ๐ด๐ฎ๐๐ถ๐ป ๐๐ฎ ๐ฝ๐น๐ฎ๐ป ๐ป๐ฎ ๐๐ผ? ๐ฃ๐๐ฒ๐ฑ๐ฒ ๐ป๐ฎ ๐ฏ๐ฎ ๐ฎ๐ธ๐ผ ๐บ๐ฎ๐ด ๐๐ถ๐๐ต๐ฑ๐ฟ๐ฎ๐?
- Pwede! Walang charge sa withdrawal, libre sa unamg beses within the policy year. Pero reminder, mababawasan ang units mo dito. Since nasa accummulation stage ka o nasa paghuhulog stage, suggestion ko na ipunin mo muna ito para mas malaki ang potential na mag grow pagdating ng panahon. Pero kung kailangan talaga, pwede ka naman mag partial withdrawal.
๐ฆ๐ฎ๐ฏ๐ถ ๐ป๐ถ๐น๐ฎ ๐ธ๐ฎ๐ธ๐ฎ๐ถ๐ป๐ถ๐ป ๐น๐ฎ๐ป๐ด ๐ป๐ด ๐ฐ๐ต๐ฎ๐ฟ๐ด๐ฒ๐ ๐๐๐ป๐ด ๐ฝ๐ผ๐น๐ถ๐ฐ๐ ๐ธ๐ผ?
- Tignan mo ang charges sa column (IMAGE A), sa 130k fund value, 2,449.00 lang ibabawas sayo ngayon taon, do you think uubusin nya ang fund value mo?
- Possible sya maubos kung: 1. iwiwithdraw natin ang fund mo 2. Malaki ang Critical Illness Benefit at HIB rider mo at hindi mo na ito huhulugan (pero wala kanaman ng ganitong riders) or 3. Hindi ka na maghuhulog mula ngayon. You can refer to the charges column para sa mga susunod pang charges sa taon.
๐๐ต ๐ฑ๐ถ๐ฏ๐ฎ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ฒ๐ฑ ๐น๐ฎ๐ป๐ด ๐๐ฎ๐ป ๐ฐ๐ต๐ฎ๐ฟ๐ด๐ฒ๐?
- Let's see your actual charges this 6th year (IMAGE B), kada buwan ang charge mo ay 171.28, that is 2,055.36 for 12 months.
๐๐ป๐ผ ๐ฝ๐ฎ ๐๐ฎ ๐๐ถ๐ป๐ด๐ถ๐ป ๐บ๐ผ ๐ฎ๐ป๐ด ๐ธ๐๐น๐ฎ๐ป๐ด ๐๐ฎ ๐ฝ๐น๐ฎ๐ป ๐ป๐ฎ ๐๐ผ?
- Health coverage. Wala ka pa nun.
It is important that you know how your VUL works. Talk to your advisor and have a policy review now! โบ๏ธ
ยฉ๏ธ Omac Principio
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