Very nice po yung episode. Hello po I'm Joel from cebu. Isa din po akong Financial Educator ng isang company. I like the videos because nag focus po siya for Education. Marami na din akong mga student na kumuha ng VUL na di nila alam wala pang value yung investment nila for 1st to 2nd year nila. That's why I really honor people who really educate muna nila yung mga client bago nila bentahan.
I'm a part time Financial Advisor selling traditional and VUL. Sinabi rin ng kaibigan ko, sila yung gumagana ng policy tapos papa approve sa IC. Better ihiwalay investment. So eto rin sinasabi ko sa clients kahit di ito nababanggit sa training 😆. (for me, better ilagay sa MP2) The good thing about VUL is may taga salo. Sa mga inaalok po ng VUL, wag nyo po itanong kung magkano, itanong nyo po kung hanggang san aabot yung babayaran nyo "Gusto ko ng 1M insurance pero 3k per month lang" I max out nyo po yung insurance portion. Kuntento na po ko sa full time salary ko pero may fulfilment din po yung nakakaeducate ng tao lalo na pag dahilan is for the fam.
@@jeisumalde5772 yes, lalo na pag napapasave ko yung maluho tapos tag tipid naman pag di pa sahod, lol, may fulfilment dun. Hahaha sana nga lang consistent talaga.
Tanong ko lang, Pano yung mga VUL na may mababang FaceAmount Value kagaya ng 150K. Good for 5years to Pay. Hold na sya hanggang mag matured yung policy. Is it true na mas mataas ang makukuha kaysa principal?
@@SirVinceRapisura nag apply na ako sa Sunlife ng 5 yrs Life Insurance convertible to VUL. Tpos magoopen na din ako ng MP2 for investment at sa Bank of Makati for my emergency savings today. Kakainspire po mga videos nyo Sir. Sna tuloy tuloy na ito for me.
Hi sir Vince, dami kong natututunan sainyo at isinusulat ko saking notebook👍 Sana napanood ko na po kayo noon pa, baka mayaman nako now🤣🤣🤣I love what you're doing🥰 Keep up the good work and God bless you always!🙏
Hi Sir Vince, thanks po for educating us. I'm a big fan of yours. Sir, pwede po pakialis na lang yung background musiic kasi masyadong malakas. Maraming salamat po God bless.
Good day Sir Vince. Opinion ko Lang po when it comes to protection much better parin Ang VUL. For example po after 10yrs paying yung coverage nyo po will grow overtime unlike term na nagmamahal po yung premium habang tumanda at may cases pa na uninsurable na sa term because of health condition and Age.. Maganda po Ang VUL basta lang po fit yung budget sa tao. Thanks
The Real Deal Between VUL vs. BTID (Mutual Fund + Term Insurance) December 29, 2013 by Nick Raquel I really can’t remember when I first encountered Variable Universal Life Insurance (VUL). What I remember is the negative impressions and reservations that I have for this hybrid investment instrument, probably brought by the influence of popular western financial gurus like Suze Orman, Dave Ramsey, and the like. What’s a VUL, anyway I referred to it as a hybrid investment instrument since it’s a combination of two very important personal finance tools - a life insurance (protection) and a mutual fund (investment). Basically, when one subscribe to a VUL policy, he is getting a life insurance coverage and an investment in one single instrument, addressing two crucial financial needs - protection and capital growth. A 2-in-1 deal, so to speak. They say VUL’s are expensive This has been the reason for my reservations about VULs, that it is expensive comparing to if you just implement a Buy Term, Invest the Difference (BTID) strategy. Ok, before this gets too confusing, let me explain briefly what a BTID strategy is. Buy Term, Invest the Difference (BTID) Strategy As I have mentioned early in this article, we all have two crucial financial needs that is needed to be addressed - protection (insurance) and capital growth (investment). For someone implementing the BTID strategy, what they do is purchase those two financial needs separately. For a given budget, say they have a 100k budget for any given year, a portion of that budget is used to buy a term insurance (the most basic and inexpensive insurance product), and invest the remaining amount, whether on the stock market or on managed funds like mutual funds and UITFs. On a special note, VUL products are created to implement the BTID strategy. It provides convenience of having one product instead of having two separate financial instruments. Technically, a VUL is an application of BTID. Logically speaking, they are one and the same thing. Alright then, if you are saying that they are one and the same thing, then why are VULs more expensive over BTID (or as they say) Let us give light to this by looking straight at the numbers. To view this as objectively and as comprehensive as possible, I have analysed the numbers into two different approaches, using the same assumptions. It is very crucial to compare these apples to apples. I used myself as the case study, and here are my info and requirements: I’m a 26 year old lad looking for a P2,000,000.00 insurance coverage with an Accidental Benefit (ADB) and Total Disability Benefit (TDB) riders. My target insurance coverage is until age 60. My budget is P54,260.00 a year. Expenditure Approach With this approach, my analysis is based on the total insurance costs (including admin expenses, mortality premiums, etc..) that I will be spending for both VUL and Term insurance in a span of 34 years (the number of years remaining before I turn 60). You can find the complete data for this analysis here, including actual proposals. Results and Findings: Looking at the table of insurance costs, it is evident that Term insurance is more inexpensive compared to VUL. Well actually, that fact was in favour of term insurance only until the end of year 4. Beyond that, on a yearly basis, term insurance tends to cost more compared to the total insurance charges of a VUL. At the end of year 13, the total insurance cost spent on Term insurance is almost 3k more expensive than a VUL, totalling P161,220.00 and P158,926.00, respectively. The gap widens as the premium paying years advance. Once I turn 60, the total insurance charges that I have spent on VUL is P330,038.51 while the total insurance charges that I have spent on term insurance is P574,030.00. On that note, term insurance is more expensive by P243,991.49 compared to VUL - an outstanding 74% difference. Income Approach (investment is made in 34 years or until I reach age 60) I decide to present the analysis into two income approach scenario. The analysis on the first approach is based on the value of the fund on target age, age 60 in my case, wherein investments where made until age 60. To make the comparison consistent and relevant, it is assumed that the average annual rate of return from investment is 10%. The figures used in this analysis is based on my own fund value computation (please refer to Table 3 in the illustration page). Results and Findings: Very similar to the expense approach, the advantage of the BTID strategy is at the early years of its implementation. Since both BTID started with a higher allocation for investment at the first four years of the program, it created a great headstart for the said strategy. It didn’t last long though since the fund value of VUL is slowly catching up. At the end, the fund value VUL at age 60 is P11,080,511.59 while the fund value of BTID is P11,023,269.98. Putting it this way, the 57k gap seemed so little, but still in favour of VUL. Put variability into play though, since the advantage of BTID is just in the early 4 years of the program, the gap could widen significantly over the course of the remain 30 years of this 34-year retirement program on the favour of VUL. Income Approach (investment is made in 10 years only) For this second version of the income approach, I decided to base the comparison on the Sun Life VUL proposal that I have attached in the illustrations page. For the BTID strategy, for the P54,260 budget a year in 10 years, a portion of that is used to pay for the term insurance, the remainder was invested in mutual funds (with effective Return on Investment of 10% similar to VUL’s investment fund). From year 11 to year 34 (until I reach age 60), I will be withdrawing funds from my investments so I can pay the premium payments in my term insurance for the BTID strategy, same mechanics VUL used, only that I will do it on my own. Results and Findings: Based on Sun Life VUL proposal, the fund value of my investment at age 60 amounts to P6,007,563.00. For BTID, the fund value at the same age is P5,741,218.53. That’s a difference of P266,344.47, still in favour of VUL. BTID is more flexible than VUL, as they say Referring to flexibility may mean many things. If it pertains to the flexibility to withdraw the money from the program, using VUL over implementing BTID has no difference. At any time, you can withdraw money from your current fund values on both programs. If the said flexibility pertains to the ability to select freely on what investment instrument you wish to invest the rest of your money (the difference between your budget and the purchased term insurance), BTID wins hands down - well, an expensive freedom costing P234,991.49 worth of a more expensive insurance cost. Summary and Recommendations Whether what approach of analysis was used, expense or income approach, it was clear that VUL has all of the advantage over implementing BTID strategy, assuming all other conditions are the same. However, I’m not saying that VULs will always outpace BTID strategy in every scenario. What defines the success of a VUL program is how far are you from the goal you are working on. Again, this emphasize the need for goal setting in making crucial investment decisions. There are instances that BTID will prove to be more successful over VUL. All of these things require much thought and understanding. You’ve worked hard to earn that money. It’s just right to spend enough time to understand where you’ll be putting it so that it can successfully work for you. After all, investing will always be a personal preference.
If wala ka time, mag increase ka na lang through your employer ng PAG-IBIG contribution. Ako since July nag-increased na ako and talagang naitatago siya kasi magastos ako.
i like your financial advises sir vince, direct to the point walang halong mga nonsense chika.. May maisasuggest po ba kaung trusted insurance company where I can invest.? hope you notice po.. ☺️
Hi po thank you po sa very informative video! :) ask ko lang po di po ba ako mapapamahal sa term insurance if I buy it every number of years (Example: 5years) dahil nag tatas ang price nya? Or mareject ako sa term insurance habang nagkakaedad? Maraming salamat po!
Is it still advisable to cancel a 10-year to pay VUL (currently on 3rd year of paying premiums) and go for BTID? or should just continue with the VUL? Thank you.
@@SirVinceRapisura sir pareho kmi ng scenario 3rd year n po ung VUL ko. And I'm planning to cancel it out, and do btid. Masasabi nyo po ba na that's the right thing to do? And may I request sa agent ko kung may makuha p ko pera n nainvest ko sa knila.. Khit konti..
@jo nathan sir, nag commit po ako sa VUL na may face amount value na 150K. Quaterly payment (7500) for 5years(150K). Afford ko naman bayaran for 5years. Pero hindi po ba masyadong mababa yung face amount value ng policy ko? Or tama lang kasi yun ang binayaran ko for 5years? Maisusuggests nyo rin po ba na ituloy ko yung payment ko for another 1-3years after ko mabayaran yung 5years ng policy?
@jo nathan sa pagkaka alam ko, sa policy ko face amount value yung makukuha if mababa pa yung fundvalue. Pero pag mas mataas na po yung fundvalue yun na po yung makukuha ko. Sa explanation kasi ng FA, after ko matapos yung 5years. Dpa sya ganun agad tataas yung fundvalue. Almost 5years up pa ang hihibtayin ulit para tumaas yung fundvalue ko hanggang mataasan yung faceamount. Yung 1-3years na additional, just incase mag decide ako taasan yung investment. Sa benefits naman, may life event na birth of child, marriage, divorce, demise, loss of employment involuntary. May major illnesses din/Critical illness.
hi sir Vince salamat sa information kaya lng po maari po bang walang music nka ka distract po kasi. At mahalagang impormasyon po ung sini share nyo. salamat po God bless
Ito po baka makatulong 1. Mga babasahin tungkol sa VUL - vincerapisura.com/reading-not-get-vul/ 2. Paano gawin ang BTID - vincerapisura.com/epektibong-paggawa-ng-btid-upang-masulit-ang-pinaghirapang-pera-sa-insurance-investment/ 3. Paano ititgil ang VUL - vincerapisura.com/anong-gagawin-ko-kung-may-vul-na-ako-paano-ko-ito-ititigil/
@@SirVinceRapisura Acknowledge Sir. However, can you have a real life sample quotation of both BITD and VUL including the charges coverage when claimed or withdraw. If you have already, may you send here the link. Thanks po!
Ang down side lang ng Term insurance ay hangga't hindi ka nagkakasakit, wala kang macclaim sa insurance company mo. Like for example 25 ka pa lang kumuha ka na ng term insurance, then at the age of 55 wala ka pa din sakit, yung hinulog mo for 30 yrs bye bye na. Wala kang napala. Sa age ko (25) nag paquote ako ng VUL=31k per annum with critical illness at iba pang riders then nagpaquote din ako ng term insurace 22k per annum. Yes mas mura sya kesa sa VUL pero hanggat di ako nagkakasakit wlaa sya pakinabang. Unlike VUL, may investment side sya na pwede mong kunin once nagmature na ito at 5 years to pay lang.
Hello, VUL din po ba ang health wid term insurance plus investment? 7 yrs ka mag pay den dun palang mag start and investment after 13yrs or total of 20 yrs that's the only time na makuha mo na money mo. Tnx
Basta may investment. VUL yan. Ito po baka makatulong 1. Mga babasahin tungkol sa VUL - vincerapisura.com/reading-not-get-vul/ 2. Paano gawin ang BTID - vincerapisura.com/epektibong-paggawa-ng-btid-upang-masulit-ang-pinaghirapang-pera-sa-insurance-investment/ 3. Paano ititgil ang VUL - vincerapisura.com/anong-gagawin-ko-kung-may-vul-na-ako-paano-ko-ito-ititigil/
Vince Rapisura salamat sa pag reply sir vince, king ganun po may term life insurance na ako, bukod dun ay dapat din ay naka hiwalay ang health insurance? By the way ofw po ako and 40 yrs old. May investment sa mutual fund at stockmarket pero parang Mas maganda Pag aralan ang mp2 At cooperative. Salamat po muli
Hello! Very informative video and I agree with a lot of your points. Question lang po. Don’t you think na kailangan din i-consider ang critical illness? Term insurance is cheaper because it focuses primarily on basic life insurance. But once you add other riders such as critical illness, the costs go higher every year (based on my computations). I’ve been thinking about getting a VUL at this early in order to ‘bargain’ on the critical illness and at least have some form of protection. Do you think need kong I-consider talaga ang critical illness? Or should I just go for term insurance and invest the rest to mutual funds or stocks? Hoping that it will cover for costs of hospitalization and other medical related expenses. Thank you!
Hi Sir Vince, am based abroad . What insurance company would you recommend in the Philippines? An agent of Sunlife Philippines is offering me a retirement policy. I have existing critical illness policy at Zurich. But I want to have one in the Philippines. Thank you in advance for your reply. Thanks
Retirement policy will come from investment portion po which is unguaranteed. While critical illness, som are guaranteed. So ano pong type of insurance do you have in mind.
One more thing Sir Vince, I am currently working abroad, Single, walang anak, 43 years old, pero may kapatid at nanay na dependent ko. adviseable bang kumuha ako ng BTID?
Hello po, Try SUN LIFE for AFFORDABLE TERM INSURANCE Message me at 👇 facebook.com/Restie08 So I can get your details... Thank you Email: rezzsunlife8@gmail.com
Hi Sir Vince Im a OFW Seabased.. I think I made a wrong decision getting a insurance that link to a investment. But my priorty for getting a insurance is my dependent. That is why when they introduce to me the policy I dont have any idea about VUL and BTID. So I said YES.. And I think its my 4th yr paying for it and it will be due on the 10th yr. Any suggestion Sir will be much appreciated.. . Do I need to cancel it or keep it? Am I still insured if I get BTID? Thank you and more power.
Priority niyo po ang dependents ninyo in terms of what? Important po na covered kayo ng lofe insurance dahil kayo ang breadwinner. Mas priority po yan.
Hello Sir Vince thank you for the reply.. Priority ko po family ko kaya ako kumuha life insurance para in case ano mangyari knock on wood.. It will help them financialy. Kaya lang yung nakuha ko kasi Insurance Sir vince nakaLink sa Investment. Malaki binabayaran ko sa annual but yung face value niya mababa lang.. Thank you po ulit ang more power..
Hi! Ask ko lang po, anong insurance company po nag ooffer ng BTID? Kasi may napagtanungan ako isang insurance company, wala na da po sila BTID, VUL na daw po ang offer nila ngayon. Thank you!
I guess different ung understanding ni @Elca Manogura. Kaya sabi ng insurance company na walng BTID kasi hindi yan ang name ng product. BTID stands or Buy Term insurance and Invest the Difference in mutual funds un po ibig sabihin nun. So if you are going to ask an insurance company, the exact words you are going to ask would be “what term insurance can you offer?” And “do you have mutual funds”. Again, BTID is not a name of an investment product, it’s an acronym of what you are going to do. Just like DIY for Do It Yourself😉 hope this would help
Thank you for this. I've been thinking the same pero hindi lang ako sure kung tama ba. May time and way naman ako so I think I will just do BTID. May question lang po ako, how did you know na 0-10% lang ang fund value during the first year? And alam niyo din po ba kung hanggang kailan tumatagal na ganun?
term po karamihan walang critical illness. so if bukas na diagnosed po kayo ng cancer or ma diable kyo due to heart attack. kaya po ba yan sgutin ng term insurance?
Sir Vince, I am currently working abroad, Single, walang anak, 43 years old, pero may kapatid at nanay na dependent ko. adviseable bang kumuha ako ng BTID?
BTID and VUL are two financial Instruments serving different purposes. As a financial analyst and investment analyst and basing also from my families experiences I would say they are different. Sa BTID, you get LESS COVERAGE and you are ONLY COVERED for a CERTAIN period of time since it's major focus in on INVESTMENTS which is separated. Now, here's the thing back then I thought BTID was the BEST until something HAPPENS TO my mom. She was diagnosed with BREAST CANCER and we only have 1,000,000 COVERAGE in our TERM INSURANCE and our BILL was 5.3Million. Since BTID principle ang ginamit namin, meron kaming 100K sa INVESTMENT sa ibang SECURITIES. Based on the SITUATION, our TERM INSURANCE was not EVEN enough to COVER UP the expenses plus we HAVE to withdraw our INVESTMENTS na 100K tapos may withdrawal charge pa. Another SITUATION BTID principle din ang cousins ko. She INVESTED a portion on TERM INSURANCE covered siya for 10 YEARS and she INVESTED HER 150K on stocks. Now on the 11th YEAR she had a heart attacked and then na stroke plus its complication at nag pa Coronary Artery Bypass Surgery and they spent 8Million. That time WALA na siyang COVERAGE sa INSURANCE niya kasi naka TERM lang. Ngayon ang pera niya sa STOCKS was not ENOUGH to COVER UP her expenses. That is why right now, I am getting VUL for my own and recommending for my LOVED ONES kahit alam kong malaki ang charges on the first YEAR , 2nd and 3rd year. Malaki kasi ang MAIBIBIGAY ni VUL na SUM ASSURED at COVERED ka until 69th mo. Kong e kompara mu ang growth ng MONEY ni BTID sa VUL mas okay ng kunti si BTID peru not ENOUGH ang COVERAGE kung ano man ang MANGYARI sayo. SI BTID kasi TERM insurance and when the TIME COMES mag RENEW kana tataas ang PRICE nito kasi tumataas din ang AGE mo. Let's SAY 10 years ago may TERM INSURANCE ka at COVERED ka 10 years, if you plan to RENEW on the 11th YEAR it's PREMIUM will be more EXPENSIVE because of INFLATION whereas in VUL you are COVERED until 69th mo and your PREMIUM is still the SAME all through out. That is why I joined the INSURANCE INDUSTRY because of my EXPERIENCES and I want to help the PEOPLE to understand better how to DEAL with IT.
Mas simple ang solution sa proposal mo. Dapat ay health insurance ang malaki for health needs, hindi life insurance. Thenpremise of your argument is flawed. May mismatch na agad sa financial goals at investment products used.
@@SirVinceRapisura hello po sir ask ko lang po newbie po paano po malalaman kung dapat mas mataas ang health insurance kesa life or accident? What if mataas ang health coverage, tapos mababa sa accident then unfortunately naaksidente po yung tao so since mababa coverage ng accident insurance hindi tuloy naging sapat. And vice versa po. Paano po yun kasi naisip ko po di maeexpect yung mga possible mangyari. Ano po sa tingin nyo sir paano po kaya ito? Salamat po ng marami
well, unexpected ata yung health issues sa kwento nya kaya di na foresee agad. Baka if may VUL ka kaagad, may sasalo na sa malaking gastos kasi di mo naman malalaman kung kelan ka magkaka critical illness kaya di naka kuha ng health insurance. I think ireconsider p rin si VUL para may backup.
May mga agent na kaht sinabi ko na term insurance lng ang gusto ko bilin.pinipilit parin nila yung VUL..alam ko na mas malaki ang incentives nila dun...kaya until now wla parin ako life insurance kasi wlang gusto mg assist sakin dahil term insurance lang ang gusto ko..sana sa pagbkasyun ko may mahanap akong agent na tutulungan ako..
Sir@@SirVinceRapisurathank you po..life insurance na lang po kulang ko..lht po ng investments meron na po ako..sss,pag ibig and philhealth meron na po ako.MP2 meron na din po..and kht stock market nag invest na din po ako..life insurance na lng po tlaga ang wala po sakin..plagi ko pong sinsubaybayan yung programa nyo po at marami po ako natutunan..mabuhay po kayo and god bless sir vince
@@SirVinceRapisura sir im looking for term insurance po..lht po ng offer sakin ng insurance company wla cla term insurance po etc..pero iniinsist kopo na term insurance ang gsto ko
Base sa napanood ko, sa pag sasalita mo yes magaling, pero yung laman ng sinasabi mo si paninira. That is not the right way. Make it a healthy competition. Ituro mo kung ano ang positibo at negatibo nang isang bagay. Hindi yung puro negatibo lang, para lang tangkilikin yung bagay na gusto mo. Hindi ako against sa BTID or Sa vul. Pero dapat maging responsable ka sa mga sinasabi mo.
BTID : insurance premium will increase every renewal. : Lesser coverage : If you want to INVEST in other securities like STOCKS and BONDS you will have to learn a LOT spend LOTs of time. I have been there. VUL : PREMIUMS are constant : Higher INSURANCE Coverage : No need for you to STUDY about STOCKS kasi may FUND MANAGER at super knowledeagble na ng mga yan kasi profession nila yan at pinag aaralan ng ilang taon. Kung wala kang time to learn about STOCKS and BONDS, wag ka mag BTID. Hindi ito basta basta. You will experiences losses just like what I have experience. The best OPTION for you is VUL if you don't have the LUXURY of time to learn. Learn from my experiences so that you will not go through the same situation as I've had.
Even if premium of term insurance invreases every year, it will not be as expensive as VUL. I agree, VUL’s premium is consistent - consistently high. 95% of Filipinos shouldn’t be in the stock market. You are right, they need to be educated on this. But even before that, there is dearth or more basic financial disciolines that should be practices such as having appropriate emergency savings and maximizing government social security programs. Entering the stock market portfolio in VUL, doesn’t completely protect you of gluctuations even if fund managers are there. It has been consistently shown that fund values in VUL do bot deliver as they promise. Investing in bonds, is as easy as opening time deposit accounts, especially retail bonds. I have to disagree that this part is as difficult as stock market investing as you nentioned above. I have yet to see a VUL that provides higher insurance coverage conpared to term insurance. With the high commissions and fees that goes to the agent and the insurance company, I highly doubt VUL will ever be cheaper than term. It is irresponsbile to say that one shouldn’t study about investing and just let fund managers do the job. In this day and age, money management, that invludes investing, is a life skill one should have. This is one of the reasons why we push for invlusion of financial education in basic education. We do not encourage people to go in the stock market themselves if they do BTID. There are much much more secure financial products such as Pag-IBIG MP2, SSS Flexi and Peso funds, government bonds, and time deposits in rural banks (less than 500K). These are much much simpler, safe and guaranteed financial profucts that match financial goals of most Filipinos. You see, the common financial goals of Filipinos are these - retirement, education of children, housing, capital for business and paying debts. This is based on our national research and supported by the financial inclusion survey of the BSP. These goals, should not be matched with investments that fluctuate such as the stock market because these are basic needs that need to be protected. Safer investments, such as those I earlier mentioned, are best suited for them because there is capital preservation. Maatim mo bang isugal ng mga Pinoy sa stock market ang pampaaral nila sa anak o pampagawa ng bahay? I think not. My tagline is, ang pagyaman, napag-aarlan. Kaya hindi puwedeng sabihing walang oras pag-aralan ang tungkol sa pera lalo na sa investing. Hindi luxury of time ang mag-aral. Ito po ay DEPAT talagang pinaglalaanan ng panahon.
@@SirVinceRapisura tama ka sir Vince, Me mga investments na madali lang pag aralan,, lahat tayo at may SSS, at Pagibig MP1 at philhealth mandatory na ang lahat ng ito ayon sa batas, Need mo lang kumuha pa ng SSS Flexifund, Pag ibig MP2, at Governmenet BONDS para sa additional investment. Ang MP2 ay secured, guaranteed at tax free ng gobyerno,, hindi mo kailangan maging guru sa investment para aralin ang mga ito,,Kung gusto mo naman ng ibang investment ay mag UITF ka or MUTUAL FUND may low risk at high risk din dito mamili ka kung ano gusto mo (money market, fixed income, balanced fund or equity),, napaka simple lang pag aralan ang investment,, bobo lang ang nagsasabing wala silang oras, Yung mga agent na nag bebenta ng VUL, commision lang talaga habol nila, un ang number 1 na goal nila kaya nila gusto maka benta ng VUL,,, Kung marami po kayong budget at pambayad kumuha po kayo ng VUL. salamat po,,,
BTID : insurance premium will increase every renewal. : Lesser coverage : If you want to INVEST in other securities like STOCKS and BONDS you will have to learn a LOT spend LOTs of time. I have been there. VUL : PREMIUMS are constant : Higher INSURANCE Coverage : No need for you to STUDY about STOCKS kasi may FUND MANAGER at super knowledeagble na ng mga yan kasi profession nila yan at pinag aaralan ng ilang taon. Kung wala kang time to learn about STOCKS and BONDS, wag ka mag BTID. Hindi ito basta basta. You will experiences losses just like what I have experience. The best OPTION for you is VUL if you don't have the LUXURY of time to learn. Learn from my experiences so that you will not go through the same situation as I've had.
Even if premium of term insurance invreases every year, it will not be as expensive as VUL. I agree, VUL’s premium is consistent - consistently high. 95% of Filipinos shouldn’t be in the stock market. You are right, they need to be educated on this. But even before that, there is dearth or more basic financial disciolines that should be practices such as having appropriate emergency savings and maximizing government social security programs. Entering the stock market portfolio in VUL, doesn’t completely protect you of gluctuations even if fund managers are there. It has been consistently shown that fund values in VUL do bot deliver as they promise. Investing in bonds, is as easy as opening time deposit accounts, especially retail bonds. I have to disagree that this part is as difficult as stock market investing as you nentioned above. I have yet to see a VUL that provides higher insurance coverage conpared to term insurance. With the high commissions and fees that goes to the agent and the insurance company, I highly doubt VUL will ever be cheaper than term. It is irresponsbile to say that one shouldn’t study about investing and just let fund managers do the job. In this day and age, money management, that invludes investing, is a life skill one should have. This is one of the reasons why we push for invlusion of financial education in basic education. We do not encourage people to go in the stock market themselves if they do BTID. There are much much more secure financial products such as Pag-IBIG MP2, SSS Flexi and Peso funds, government bonds, and time deposits in rural banks (less than 500K). These are much much simpler, safe and guaranteed financial profucts that match financial goals of most Filipinos. You see, the common financial goals of Filipinos are these - retirement, education of children, housing, capital for business and paying debts. This is based on our national research and supported by the financial inclusion survey of the BSP. These goals, should not be matched with investments that fluctuate such as the stock market because these are basic needs that need to be protected. Safer investments, such as those I earlier mentioned, are best suited for them because there is capital preservation. Maatim mo bang isugal ng mga Pinoy sa stock market ang pampaaral nila sa anak o pampagawa ng bahay? I think not. My tagline is, ang pagyaman, napag-aaralan. Kaya hindi puwedeng sabihing walang oras pag-aralan ang tungkol sa pera lalo na sa investing. Hindi luxury of time ang mag-aral. Ito po ay DAPAT talagang pinaglalaanan ng panahon.
@@SirVinceRapisura very well said sir! Marami po talagang agent na nilamon ng salapi, nakafocus sa commission at hindi para makatulong. Tama nga naman pwde nman mag invest ng less risk yet panatag ka na hindi mawawala ang perang ininvest mo esp those with government guarantee.
Very nice po yung episode. Hello po I'm Joel from cebu. Isa din po akong Financial Educator ng isang company. I like the videos because nag focus po siya for Education. Marami na din akong mga student na kumuha ng VUL na di nila alam wala pang value yung investment nila for 1st to 2nd year nila. That's why I really honor people who really educate muna nila yung mga client bago nila bentahan.
Hi Joel. Hope to see you in Cebu pag nagka-event kami. =)
@@SirVinceRapisura thank you... See you soon
I am learning a lot from your videos.
Thanks for this video. Watching from Dumaguete City. April 17, 2020😊
I'm a part time Financial Advisor selling traditional and VUL. Sinabi rin ng kaibigan ko, sila yung gumagana ng policy tapos papa approve sa IC. Better ihiwalay investment. So eto rin sinasabi ko sa clients kahit di ito nababanggit sa training 😆. (for me, better ilagay sa MP2) The good thing about VUL is may taga salo.
Sa mga inaalok po ng VUL, wag nyo po itanong kung magkano, itanong nyo po kung hanggang san aabot yung babayaran nyo "Gusto ko ng 1M insurance pero 3k per month lang" I max out nyo po yung insurance portion.
Kuntento na po ko sa full time salary ko pero may fulfilment din po yung nakakaeducate ng tao lalo na pag dahilan is for the fam.
Financial advisor pa rin po ba kayo as of today? 😮😮
@@jeisumalde5772 yes, lalo na pag napapasave ko yung maluho tapos tag tipid naman pag di pa sahod, lol, may fulfilment dun. Hahaha sana nga lang consistent talaga.
But of course, MP2 is for passive income. Better pa rin kung business, more than 100% pwede balik kita
Tanong ko lang, Pano yung mga VUL na may mababang FaceAmount Value kagaya ng 150K. Good for 5years to Pay. Hold na sya hanggang mag matured yung policy. Is it true na mas mataas ang makukuha kaysa principal?
Hello Sir Vince,ang galing nyo po tlga magpaliwanag.Thank u,mdami po ako nattunan sa mga video nyo😊😊😊
Salamat po. Share niyo po videos natin para magkasama tayo sa pagpapalaganao ng financial literacy sa Pilipinas.
your a big help to us OFW professionals, keep it up sir Vince..May god bless you more.
Salamat po. Share niyo po videos natin para magkasama tayo sa pagpapalaganao ng financial literacy sa Pilipinas.
Thank you Sir Vince at mas naliwanagan ako. God bless you.
welcome po.
Salamat po. I will adapt the BTID. Smart move tlaga ito. Sana lng marami makaalam nto.
G!
@@SirVinceRapisura nag apply na ako sa Sunlife ng 5 yrs Life Insurance convertible to VUL. Tpos magoopen na din ako ng MP2 for investment at sa Bank of Makati for my emergency savings today. Kakainspire po mga videos nyo Sir. Sna tuloy tuloy na ito for me.
Do you have videos po about IMG and kaiser? Please make one if wala pa po. We will appreciate it.
Hi sir Vince, dami kong natututunan sainyo at isinusulat ko saking notebook👍 Sana napanood ko na po kayo noon pa, baka mayaman nako now🤣🤣🤣I love what you're doing🥰 Keep up the good work and God bless you always!🙏
Maraming salamat po. Subscribe po kayo sa channel ko at i-share ang mga videos para maraming matuto. TIA!
@@SirVinceRapisura matagal na po akong Certified subscriber ninyo🤩
Hi Sir Vince, thanks po for educating us. I'm a big fan of yours. Sir, pwede po pakialis na lang yung background musiic kasi masyadong malakas. Maraming salamat po God bless.
Sige po. Sabihan ko po ang IT namin.
Pwede man may background pa din hinaan lang boring din pag wala
Good day Sir Vince. Opinion ko Lang po when it comes to protection much better parin Ang VUL. For example po after 10yrs paying yung coverage nyo po will grow overtime unlike term na nagmamahal po yung premium habang tumanda at may cases pa na uninsurable na sa term because of health condition and Age.. Maganda po Ang VUL basta lang po fit yung budget sa tao. Thanks
What can you say about endowment sir vince?
Good day Sir Vince may mairefer po ba kayo na agent offering the term insurance only?
The Real Deal Between VUL vs. BTID (Mutual Fund + Term Insurance)
December 29, 2013 by Nick Raquel
I really can’t remember when I first encountered Variable Universal Life Insurance (VUL). What I remember is the negative impressions and reservations that I have for this hybrid investment instrument, probably brought by the influence of popular western financial gurus like Suze Orman, Dave Ramsey, and the like.
What’s a VUL, anyway
I referred to it as a hybrid investment instrument since it’s a combination of two very important personal finance tools - a life insurance (protection) and a mutual fund (investment).
Basically, when one subscribe to a VUL policy, he is getting a life insurance coverage and an investment in one single instrument, addressing two crucial financial needs - protection and capital growth. A 2-in-1 deal, so to speak.
They say VUL’s are expensive
This has been the reason for my reservations about VULs, that it is expensive comparing to if you just implement a Buy Term, Invest the Difference (BTID) strategy.
Ok, before this gets too confusing, let me explain briefly what a BTID strategy is.
Buy Term, Invest the Difference (BTID) Strategy
As I have mentioned early in this article, we all have two crucial financial needs that is needed to be addressed - protection (insurance) and capital growth (investment).
For someone implementing the BTID strategy, what they do is purchase those two financial needs separately. For a given budget, say they have a 100k budget for any given year, a portion of that budget is used to buy a term insurance (the most basic and inexpensive insurance product), and invest the remaining amount, whether on the stock market or on managed funds like mutual funds and UITFs.
On a special note, VUL products are created to implement the BTID strategy. It provides convenience of having one product instead of having two separate financial instruments.
Technically, a VUL is an application of BTID. Logically speaking, they are one and the same thing.
Alright then, if you are saying that they are one and the same thing, then why are VULs more expensive over BTID (or as they say)
Let us give light to this by looking straight at the numbers.
To view this as objectively and as comprehensive as possible, I have analysed the numbers into two different approaches, using the same assumptions. It is very crucial to compare these apples to apples.
I used myself as the case study, and here are my info and requirements:
I’m a 26 year old lad looking for a P2,000,000.00 insurance coverage with an Accidental Benefit (ADB) and Total Disability Benefit (TDB) riders. My target insurance coverage is until age 60. My budget is P54,260.00 a year.
Expenditure Approach
With this approach, my analysis is based on the total insurance costs (including admin expenses, mortality premiums, etc..) that I will be spending for both VUL and Term insurance in a span of 34 years (the number of years remaining before I turn 60). You can find the complete data for this analysis here, including actual proposals.
Results and Findings:
Looking at the table of insurance costs, it is evident that Term insurance is more inexpensive compared to VUL. Well actually, that fact was in favour of term insurance only until the end of year 4. Beyond that, on a yearly basis, term insurance tends to cost more compared to the total insurance charges of a VUL.
At the end of year 13, the total insurance cost spent on Term insurance is almost 3k more expensive than a VUL, totalling P161,220.00 and P158,926.00, respectively. The gap widens as the premium paying years advance.
Once I turn 60, the total insurance charges that I have spent on VUL is P330,038.51 while the total insurance charges that I have spent on term insurance is P574,030.00.
On that note, term insurance is more expensive by P243,991.49 compared to VUL - an outstanding 74% difference.
Income Approach (investment is made in 34 years or until I reach age 60)
I decide to present the analysis into two income approach scenario. The analysis on the first approach is based on the value of the fund on target age, age 60 in my case, wherein investments where made until age 60.
To make the comparison consistent and relevant, it is assumed that the average annual rate of return from investment is 10%.
The figures used in this analysis is based on my own fund value computation (please refer to Table 3 in the illustration page).
Results and Findings:
Very similar to the expense approach, the advantage of the BTID strategy is at the early years of its implementation. Since both BTID started with a higher allocation for investment at the first four years of the program, it created a great headstart for the said strategy.
It didn’t last long though since the fund value of VUL is slowly catching up.
At the end, the fund value VUL at age 60 is P11,080,511.59 while the fund value of BTID is P11,023,269.98. Putting it this way, the 57k gap seemed so little, but still in favour of VUL.
Put variability into play though, since the advantage of BTID is just in the early 4 years of the program, the gap could widen significantly over the course of the remain 30 years of this 34-year retirement program on the favour of VUL.
Income Approach (investment is made in 10 years only)
For this second version of the income approach, I decided to base the comparison on the Sun Life VUL proposal that I have attached in the illustrations page. For the BTID strategy, for the P54,260 budget a year in 10 years, a portion of that is used to pay for the term insurance, the remainder was invested in mutual funds (with effective Return on Investment of 10% similar to VUL’s investment fund).
From year 11 to year 34 (until I reach age 60), I will be withdrawing funds from my investments so I can pay the premium payments in my term insurance for the BTID strategy, same mechanics VUL used, only that I will do it on my own.
Results and Findings:
Based on Sun Life VUL proposal, the fund value of my investment at age 60 amounts to P6,007,563.00. For BTID, the fund value at the same age is P5,741,218.53. That’s a difference of P266,344.47, still in favour of VUL.
BTID is more flexible than VUL, as they say
Referring to flexibility may mean many things. If it pertains to the flexibility to withdraw the money from the program, using VUL over implementing BTID has no difference. At any time, you can withdraw money from your current fund values on both programs.
If the said flexibility pertains to the ability to select freely on what investment instrument you wish to invest the rest of your money (the difference between your budget and the purchased term insurance), BTID wins hands down - well, an expensive freedom costing P234,991.49 worth of a more expensive insurance cost.
Summary and Recommendations
Whether what approach of analysis was used, expense or income approach, it was clear that VUL has all of the advantage over implementing BTID strategy, assuming all other conditions are the same.
However, I’m not saying that VULs will always outpace BTID strategy in every scenario. What defines the success of a VUL program is how far are you from the goal you are working on. Again, this emphasize the need for goal setting in making crucial investment decisions. There are instances that BTID will prove to be more successful over VUL.
All of these things require much thought and understanding. You’ve worked hard to earn that money. It’s just right to spend enough time to understand where you’ll be putting it so that it can successfully work for you.
After all, investing will always be a personal preference.
Charm de Leon has different findings with BTID and VUL. Based on her computations, mas mataas ang BTID. - ruclips.net/video/QLRj7KwP-bo/видео.html
How about getting a whole life insurance and at the same time invest into mutual funds versus getting a VUL. Which is better po?
If wala ka time, mag increase ka na lang through your employer ng PAG-IBIG contribution. Ako since July nag-increased na ako and talagang naitatago siya kasi magastos ako.
Sir sana po ma-notice nyo ko.😔😔😔
San po magandang kumuha ng BTID?
and health insurance nrn po.
ayoko napo ng VUL ko rin
i like your financial advises sir vince, direct to the point walang halong mga nonsense chika..
May maisasuggest po ba kaung trusted insurance company where I can invest.?
hope you notice po.. ☺️
Hello po. Welcome. Abangan po
May God continue to use you to educate people on how to handle and invest their finances. Godblessyou Sir Vince! new subscriber here :)
I also pray for that.
PEDE PO BA KUNIN NA HULOG AFTER 10 YEARS??
Hi po thank you po sa very informative video! :) ask ko lang po di po ba ako mapapamahal sa term insurance if I buy it every number of years (Example: 5years) dahil nag tatas ang price nya? Or mareject ako sa term insurance habang nagkakaedad? Maraming salamat po!
E what if mga 50 to 60 year old kana for sure mahirap na makahanap ng term insurance. Whats ur take?
I think hindi po mahirap makahanap pero mahal na po by that age ang term insurance.
Is it still advisable to cancel a 10-year to pay VUL (currently on 3rd year of paying premiums) and go for BTID? or should just continue with the VUL? Thank you.
Do BTID before cancelling para sure na may insurance coverage ka.
@@SirVinceRapisura sir pareho kmi ng scenario 3rd year n po ung VUL ko. And I'm planning to cancel it out, and do btid. Masasabi nyo po ba na that's the right thing to do? And may I request sa agent ko kung may makuha p ko pera n nainvest ko sa knila.. Khit konti..
@jo nathan sir, 20k per annum for 10 yrs.. Hindi nman po b sya mahal? 500k coverage..
@jo nathan sir, nag commit po ako sa VUL na may face amount value na 150K. Quaterly payment (7500) for 5years(150K). Afford ko naman bayaran for 5years. Pero hindi po ba masyadong mababa yung face amount value ng policy ko? Or tama lang kasi yun ang binayaran ko for 5years? Maisusuggests nyo rin po ba na ituloy ko yung payment ko for another 1-3years after ko mabayaran yung 5years ng policy?
@jo nathan sa pagkaka alam ko, sa policy ko face amount value yung makukuha if mababa pa yung fundvalue. Pero pag mas mataas na po yung fundvalue yun na po yung makukuha ko. Sa explanation kasi ng FA, after ko matapos yung 5years. Dpa sya ganun agad tataas yung fundvalue. Almost 5years up pa ang hihibtayin ulit para tumaas yung fundvalue ko hanggang mataasan yung faceamount. Yung 1-3years na additional, just incase mag decide ako taasan yung investment. Sa benefits naman, may life event na birth of child, marriage, divorce, demise, loss of employment involuntary. May major illnesses din/Critical illness.
sir vince ask ko lang po anu po bang magandang insurance plan ma recommend nyo
Hello po. Hindi po ako nagrirecommend. I teach. Mas effective yun. So read my blog here: vincerapisura.com/insurance-101-buy-investment-life-ofw/
@@SirVinceRapisura thanks po
hi sir Vince salamat sa information
kaya lng po maari po bang walang music nka ka distract po kasi. At mahalagang impormasyon po ung sini share nyo. salamat po God bless
Hehe. Sige po. Hihinaan namin.
Sir you should explain Term Vs Whole life.
Ito po baka makatulong 1. Mga babasahin tungkol sa VUL - vincerapisura.com/reading-not-get-vul/ 2. Paano gawin ang BTID - vincerapisura.com/epektibong-paggawa-ng-btid-upang-masulit-ang-pinaghirapang-pera-sa-insurance-investment/ 3. Paano ititgil ang VUL - vincerapisura.com/anong-gagawin-ko-kung-may-vul-na-ako-paano-ko-ito-ititigil/
@@SirVinceRapisura Acknowledge Sir. However, can you have a real life sample quotation of both BITD and VUL including the charges coverage when claimed or withdraw. If you have already, may you send here the link. Thanks po!
Ang down side lang ng Term insurance ay hangga't hindi ka nagkakasakit, wala kang macclaim sa insurance company mo. Like for example 25 ka pa lang kumuha ka na ng term insurance, then at the age of 55 wala ka pa din sakit, yung hinulog mo for 30 yrs bye bye na. Wala kang napala.
Sa age ko (25) nag paquote ako ng VUL=31k per annum with critical illness at iba pang riders then nagpaquote din ako ng term insurace 22k per annum. Yes mas mura sya kesa sa VUL pero hanggat di ako nagkakasakit wlaa sya pakinabang.
Unlike VUL, may investment side sya na pwede mong kunin once nagmature na ito at 5 years to pay lang.
Hello, VUL din po ba ang health wid term insurance plus investment? 7 yrs ka mag pay den dun palang mag start and investment after 13yrs or total of 20 yrs that's the only time na makuha mo na money mo. Tnx
Basta may investment. VUL yan.
Ito po baka makatulong 1. Mga babasahin tungkol sa VUL - vincerapisura.com/reading-not-get-vul/ 2. Paano gawin ang BTID - vincerapisura.com/epektibong-paggawa-ng-btid-upang-masulit-ang-pinaghirapang-pera-sa-insurance-investment/ 3. Paano ititgil ang VUL - vincerapisura.com/anong-gagawin-ko-kung-may-vul-na-ako-paano-ko-ito-ititigil/
Vince Rapisura salamat sa pag reply sir vince, king ganun po may term life insurance na ako, bukod dun ay dapat din ay naka hiwalay ang health insurance? By the way ofw po ako and 40 yrs old. May investment sa mutual fund at stockmarket pero parang Mas maganda Pag aralan ang mp2 At cooperative. Salamat po muli
Hello! Very informative video and I agree with a lot of your points.
Question lang po. Don’t you think na kailangan din i-consider ang critical illness? Term insurance is cheaper because it focuses primarily on basic life insurance. But once you add other riders such as critical illness, the costs go higher every year (based on my computations).
I’ve been thinking about getting a VUL at this early in order to ‘bargain’ on the critical illness and at least have some form of protection.
Do you think need kong I-consider talaga ang critical illness? Or should I just go for term insurance and invest the rest to mutual funds or stocks? Hoping that it will cover for costs of hospitalization and other medical related expenses. Thank you!
Limited ksi critical illness. I’d go fo conprehensive health insurance instead - lahat ng diseases covered.
Vince Rapisura Thank you Sir!
Vince Rapisura Hi Sir! Do you recommend sun life fir and wealth? Covered po ang 100 illnesses po. Salamat po!
Hi Sir Vince, am based abroad . What insurance company would you recommend in the Philippines? An agent of Sunlife Philippines is offering me a retirement policy. I have existing critical illness policy at Zurich. But I want to have one in the Philippines. Thank you in advance for your reply. Thanks
Why do you need insurance?
Retirement policy will come from investment portion po which is unguaranteed. While critical illness, som are guaranteed. So ano pong type of insurance do you have in mind.
Which Insurance company will you recommend?
Basta term insurance ang kunin, ok ako kahit ano.
Sir Vince...masyado ngang malakas ang background music. Nakaka-destruct po.
Sir Vince, May list ka ba ng Insurance Company that offers BTID? God bless po!
One more thing Sir Vince, I am currently working abroad, Single, walang anak, 43 years old, pero may kapatid at nanay na dependent ko. adviseable bang kumuha ako ng BTID?
Lahat po ng insurance company ay may term insurance.
❤
paano pag bukas kinailangan ng 1million for critical illness with cancer? kaya po ba yan ibigay ng term insurance?
Health insurance dapat sasagot dun, hindi life insurance.
Hello po, Try SUN LIFE for AFFORDABLE TERM INSURANCE
Message me at 👇 facebook.com/Restie08
So I can get your details... Thank you
Email: rezzsunlife8@gmail.com
San po makakuha ng BTID? Thanks for your videos sir vince
Here's the guide: vincerapisura.com/epektibong-paggawa-ng-btid-upang-masulit-ang-pinaghirapang-pera-sa-insurance-investment/
Hi sir how about health insurance?kaeser ng IMG.. thanks Po..God bless from Italy
What about them?
Ok po ba ang kaiser sir vince 3in1 healthcard, investment life insurance
Better to ask for quote then aralin, some agent may omit the disadvantages.
Vul po kinuha nmin, nsa 43 npo ang asawa ko
Hanggang kelan ka makakabili ng term?what if next renew mo d ka na insurable?
vincerapisura.com/gaano-kalaking-insurance-ang-kailangan-mo/
vincerapisura.com/kailangan-mo-pa-ba-ng-life-insurance-pag-tanda-mo/
@jo nathan Renewable po ang term. I highly recommend Pru Life UK.
Hi Sir Vince Im a OFW Seabased.. I think I made a wrong decision getting a insurance that link to a investment. But my priorty for getting a insurance is my dependent. That is why when they introduce to me the policy I dont have any idea about VUL and BTID. So I said YES.. And I think its my 4th yr paying for it and it will be due on the 10th yr. Any suggestion Sir will be much appreciated.. . Do I need to cancel it or keep it? Am I still insured if I get BTID? Thank you and more power.
Priority niyo po ang dependents ninyo in terms of what?
Important po na covered kayo ng lofe insurance dahil kayo ang breadwinner. Mas priority po yan.
Hello Sir Vince thank you for the reply.. Priority ko po family ko kaya ako kumuha life insurance para in case ano mangyari knock on wood.. It will help them financialy. Kaya lang yung nakuha ko kasi Insurance Sir vince nakaLink sa Investment. Malaki binabayaran ko sa annual but yung face value niya mababa lang.. Thank you po ulit ang more power..
Hi! Ask ko lang po, anong insurance company po nag ooffer ng BTID? Kasi may napagtanungan ako isang insurance company, wala na da po sila BTID, VUL na daw po ang offer nila ngayon. Thank you!
Hindi po totoo yan. Lahat ng insurance company ay may term insurance.
I guess different ung understanding ni @Elca Manogura. Kaya sabi ng insurance company na walng BTID kasi hindi yan ang name ng product. BTID stands or Buy Term insurance and Invest the Difference in mutual funds un po ibig sabihin nun. So if you are going to ask an insurance company, the exact words you are going to ask would be “what term insurance can you offer?” And “do you have mutual funds”. Again, BTID is not a name of an investment product, it’s an acronym of what you are going to do. Just like DIY for Do It Yourself😉 hope this would help
Mas ok to kesa dun sa bias na video haha verygood
Thank you for this. I've been thinking the same pero hindi lang ako sure kung tama ba. May time and way naman ako so I think I will just do BTID. May question lang po ako, how did you know na 0-10% lang ang fund value during the first year? And alam niyo din po ba kung hanggang kailan tumatagal na ganun?
term po karamihan walang critical illness. so if bukas na diagnosed po kayo ng cancer or ma diable kyo due to heart attack. kaya po ba yan sgutin ng term insurance?
@@michaellee1103 may proposal sakin si PRU at Sunlife na term insurance with critical illness
1st yr is for the policy usually..kaya 0% for the investment.. sa 3rd year pa Yan for investment..tska during 1st yr pang charges at kita ni agent yan
Anu po ba ang mga company na nag ooffer ng btid?
Cindy Caballero strategy po siya, di siya financial product
Sigurado ka. D. Sya product. Eh d wow
Cindy Caballero yep panoorin mo ulit video para maintindihan mo.
Sir Vince, I am currently working abroad, Single, walang anak, 43 years old, pero may kapatid at nanay na dependent ko. adviseable bang kumuha ako ng BTID?
Yes, dahil mamamatay sila kung wala ka at ikaw ang breadwinner.
Curious lang. bakit dependent ang kapatid mo sa iyo?
@@SirVinceRapisura Hindi po ba consider na dependent ang kapatid?
Sir vince familiar po ba kayo with most 18 ng IMG?
Hindi po.
BTID and VUL are two financial Instruments serving different purposes. As a financial analyst and investment analyst and basing also from my families experiences I would say they are different. Sa BTID, you get LESS COVERAGE and you are ONLY COVERED for a CERTAIN period of time since it's major focus in on INVESTMENTS which is separated.
Now, here's the thing back then I thought BTID was the BEST until something HAPPENS TO my mom. She was diagnosed with BREAST CANCER and we only have 1,000,000 COVERAGE in our TERM INSURANCE and our BILL was 5.3Million.
Since BTID principle ang ginamit namin, meron kaming 100K sa INVESTMENT sa ibang SECURITIES.
Based on the SITUATION, our TERM INSURANCE was not EVEN enough to COVER UP the expenses plus we HAVE to withdraw our INVESTMENTS na 100K tapos may withdrawal charge pa.
Another SITUATION BTID principle din ang cousins ko.
She INVESTED a portion on TERM INSURANCE covered siya for 10 YEARS and she INVESTED HER 150K on stocks. Now on the 11th YEAR she had a heart attacked and then na stroke plus its complication at nag pa Coronary Artery Bypass Surgery and they spent 8Million. That time WALA na siyang COVERAGE sa INSURANCE niya kasi naka TERM lang. Ngayon ang pera niya sa STOCKS was not ENOUGH to COVER UP her expenses.
That is why right now, I am getting VUL for my own and recommending for my LOVED ONES kahit alam kong malaki ang charges on the first YEAR , 2nd and 3rd year. Malaki kasi ang MAIBIBIGAY ni VUL na SUM ASSURED at COVERED ka until 69th mo. Kong e kompara mu ang growth ng MONEY ni BTID sa VUL mas okay ng kunti si BTID peru not ENOUGH ang COVERAGE kung ano man ang MANGYARI sayo.
SI BTID kasi TERM insurance and when the TIME COMES mag RENEW kana tataas ang PRICE nito kasi tumataas din ang AGE mo.
Let's SAY 10 years ago may TERM INSURANCE ka at COVERED ka 10 years, if you plan to RENEW on the 11th YEAR it's PREMIUM will be more EXPENSIVE because of INFLATION whereas in VUL you are COVERED until 69th mo and your PREMIUM is still the SAME all through out.
That is why I joined the INSURANCE INDUSTRY because of my EXPERIENCES and I want to help the PEOPLE to understand better how to DEAL with IT.
Mas simple ang solution sa proposal mo. Dapat ay health insurance ang malaki for health needs, hindi life insurance. Thenpremise of your argument is flawed. May mismatch na agad sa financial goals at investment products used.
@@SirVinceRapisura hello po sir ask ko lang po newbie po paano po malalaman kung dapat mas mataas ang health insurance kesa life or accident? What if mataas ang health coverage, tapos mababa sa accident then unfortunately naaksidente po yung tao so since mababa coverage ng accident insurance hindi tuloy naging sapat. And vice versa po. Paano po yun kasi naisip ko po di maeexpect yung mga possible mangyari. Ano po sa tingin nyo sir paano po kaya ito? Salamat po ng marami
well, unexpected ata yung health issues sa kwento nya kaya di na foresee agad. Baka if may VUL ka kaagad, may sasalo na sa malaking gastos kasi di mo naman malalaman kung kelan ka magkaka critical illness kaya di naka kuha ng health insurance. I think ireconsider p rin si VUL para may backup.
May mga agent na kaht sinabi ko na term insurance lng ang gusto ko bilin.pinipilit parin nila yung VUL..alam ko na mas malaki ang incentives nila dun...kaya until now wla parin ako life insurance kasi wlang gusto mg assist sakin dahil term insurance lang ang gusto ko..sana sa pagbkasyun ko may mahanap akong agent na tutulungan ako..
I can untro you tom my agent na BTID believer. Pero just to clarify, I don’t get commisiion. :-)
Sir@@SirVinceRapisurathank you po..life insurance na lang po kulang ko..lht po ng investments meron na po ako..sss,pag ibig and philhealth meron na po ako.MP2 meron na din po..and kht stock market nag invest na din po ako..life insurance na lng po tlaga ang wala po sakin..plagi ko pong sinsubaybayan yung programa nyo po at marami po ako natutunan..mabuhay po kayo and god bless sir vince
Vince Rapisura, gusto ko rin po makausap ng ahente. Salamat
Paul arbie bernabe same here. Life insurance hanap ko..lht ng mkausap ko agents wla raw cla term insurance
@@SirVinceRapisura sir im looking for term insurance po..lht po ng offer sakin ng insurance company wla cla term insurance po etc..pero iniinsist kopo na term insurance ang gsto ko
Base sa napanood ko, sa pag sasalita mo yes magaling, pero yung laman ng sinasabi mo si paninira. That is not the right way. Make it a healthy competition. Ituro mo kung ano ang positibo at negatibo nang isang bagay. Hindi yung puro negatibo lang, para lang tangkilikin yung bagay na gusto mo. Hindi ako against sa BTID or Sa vul. Pero dapat maging responsable ka sa mga sinasabi mo.
BTID
: insurance premium will increase every
renewal.
: Lesser coverage
: If you want to INVEST in other securities
like STOCKS and BONDS
you will have to learn a LOT spend LOTs of
time. I have been there.
VUL
: PREMIUMS are constant
: Higher INSURANCE Coverage
: No need for you to STUDY about STOCKS
kasi may FUND MANAGER at super
knowledeagble na ng mga yan kasi
profession nila yan at pinag aaralan ng
ilang taon.
Kung wala kang time to learn about STOCKS and BONDS, wag ka mag BTID. Hindi ito basta basta. You will experiences losses just like what I have experience. The best OPTION for you is VUL if you don't have the LUXURY of time to learn.
Learn from my experiences so that you will not go through the same situation as I've had.
Even if premium of term insurance invreases every year, it will not be as expensive as VUL. I agree, VUL’s premium is consistent - consistently high.
95% of Filipinos shouldn’t be in the stock market. You are right, they need to be educated on this. But even before that, there is dearth or more basic financial disciolines that should be practices such as having appropriate emergency savings and maximizing government social security programs.
Entering the stock market portfolio in VUL, doesn’t completely protect you of gluctuations even if fund managers are there. It has been consistently shown that fund values in VUL do bot deliver as they promise.
Investing in bonds, is as easy as opening time deposit accounts, especially retail bonds. I have to disagree that this part is as difficult as stock market investing as you nentioned above.
I have yet to see a VUL that provides higher insurance coverage conpared to term insurance. With the high commissions and fees that goes to the agent and the insurance company, I highly doubt VUL will ever be cheaper than term.
It is irresponsbile to say that one shouldn’t study about investing and just let fund managers do the job. In this day and age, money management, that invludes investing, is a life skill one should have. This is one of the reasons why we push for invlusion of financial education in basic education.
We do not encourage people to go in the stock market themselves if they do BTID. There are much much more secure financial products such as Pag-IBIG MP2, SSS Flexi and Peso funds, government bonds, and time deposits in rural banks (less than 500K). These are much much simpler, safe and guaranteed financial profucts that match financial goals of most Filipinos.
You see, the common financial goals of Filipinos are these - retirement, education of children, housing, capital for business and paying debts. This is based on our national research and supported by the financial inclusion survey of the BSP. These goals, should not be matched with investments that fluctuate such as the stock market because these are basic needs that need to be protected. Safer investments, such as those I earlier mentioned, are best suited for them because there is capital preservation. Maatim mo bang isugal ng mga Pinoy sa stock market ang pampaaral nila sa anak o pampagawa ng bahay? I think not.
My tagline is, ang pagyaman, napag-aarlan. Kaya hindi puwedeng sabihing walang oras pag-aralan ang tungkol sa pera lalo na sa investing. Hindi luxury of time ang mag-aral. Ito po ay DEPAT talagang pinaglalaanan ng panahon.
@@SirVinceRapisura tama ka sir Vince, Me mga investments na madali lang pag aralan,, lahat tayo at may SSS, at Pagibig MP1 at philhealth mandatory na ang lahat ng ito ayon sa batas, Need mo lang kumuha pa ng SSS Flexifund, Pag ibig MP2, at Governmenet BONDS para sa additional investment. Ang MP2 ay secured, guaranteed at tax free ng gobyerno,, hindi mo kailangan maging guru sa investment para aralin ang mga ito,,Kung gusto mo naman ng ibang investment ay mag UITF ka or MUTUAL FUND may low risk at high risk din dito mamili ka kung ano gusto mo (money market, fixed income, balanced fund or equity),, napaka simple lang pag aralan ang investment,, bobo lang ang nagsasabing wala silang oras, Yung mga agent na nag bebenta ng VUL, commision lang talaga habol nila, un ang number 1 na goal nila kaya nila gusto maka benta ng VUL,,, Kung marami po kayong budget at pambayad kumuha po kayo ng VUL. salamat po,,,
Mutual fund is also an investment that has fund manager.
BTID
: insurance premium will increase every
renewal.
: Lesser coverage
: If you want to INVEST in other securities
like STOCKS and BONDS
you will have to learn a LOT spend LOTs of
time. I have been there.
VUL
: PREMIUMS are constant
: Higher INSURANCE Coverage
: No need for you to STUDY about STOCKS
kasi may FUND MANAGER at super
knowledeagble na ng mga yan kasi
profession nila yan at pinag aaralan ng
ilang taon.
Kung wala kang time to learn about STOCKS and BONDS, wag ka mag BTID. Hindi ito basta basta. You will experiences losses just like what I have experience. The best OPTION for you is VUL if you don't have the LUXURY of time to learn.
Learn from my experiences so that you will not go through the same situation as I've had.
Even if premium of term insurance invreases every year, it will not be as expensive as VUL. I agree, VUL’s premium is consistent - consistently high.
95% of Filipinos shouldn’t be in the stock market. You are right, they need to be educated on this. But even before that, there is dearth or more basic financial disciolines that should be practices such as having appropriate emergency savings and maximizing government social security programs.
Entering the stock market portfolio in VUL, doesn’t completely protect you of gluctuations even if fund managers are there. It has been consistently shown that fund values in VUL do bot deliver as they promise.
Investing in bonds, is as easy as opening time deposit accounts, especially retail bonds. I have to disagree that this part is as difficult as stock market investing as you nentioned above.
I have yet to see a VUL that provides higher insurance coverage conpared to term insurance. With the high commissions and fees that goes to the agent and the insurance company, I highly doubt VUL will ever be cheaper than term.
It is irresponsbile to say that one shouldn’t study about investing and just let fund managers do the job. In this day and age, money management, that invludes investing, is a life skill one should have. This is one of the reasons why we push for invlusion of financial education in basic education.
We do not encourage people to go in the stock market themselves if they do BTID. There are much much more secure financial products such as Pag-IBIG MP2, SSS Flexi and Peso funds, government bonds, and time deposits in rural banks (less than 500K). These are much much simpler, safe and guaranteed financial profucts that match financial goals of most Filipinos.
You see, the common financial goals of Filipinos are these - retirement, education of children, housing, capital for business and paying debts. This is based on our national research and supported by the financial inclusion survey of the BSP. These goals, should not be matched with investments that fluctuate such as the stock market because these are basic needs that need to be protected. Safer investments, such as those I earlier mentioned, are best suited for them because there is capital preservation. Maatim mo bang isugal ng mga Pinoy sa stock market ang pampaaral nila sa anak o pampagawa ng bahay? I think not.
My tagline is, ang pagyaman, napag-aaralan. Kaya hindi puwedeng sabihing walang oras pag-aralan ang tungkol sa pera lalo na sa investing. Hindi luxury of time ang mag-aral. Ito po ay DAPAT talagang pinaglalaanan ng panahon.
@@SirVinceRapisura very well said sir! Marami po talagang agent na nilamon ng salapi, nakafocus sa commission at hindi para makatulong. Tama nga naman pwde nman mag invest ng less risk yet panatag ka na hindi mawawala ang perang ininvest mo esp those with government guarantee.