Hi, Mel! Sorry for the very late reply. I intended to get quotes from different companies before I give them to you, unfortunately, time's passing and I might as well just give you what I have right now. I only have Philam... Ironically, I don't have Ayala Plans right now.
Precious, can you help me inquire with SunLife? Kapag yan ang nagustuhan ni Rommel, magpapa-accredit din ako sa SunLife (pre-need) ... :-) Kasi we're allowed to represent many pre-need companies di ba? Pero sa Life Insurance, isa lang.. :-) (Sa non-life like fire and car insurance, pwede rin kaming maraming i-represent :-)
Anyway, Mel, I just wish to know your intention of getting Pension Plans for your mom. If your intention is to be able to give her something after say, 15 years, baka mas maganda to get Pension Plan under you, then give the proceeds to her.
Kasi if you are the plan holder, you are insured while paying the plan. That means if something happens to you, it's your mom who will benefit - both with the insurance proceeds and the maturity benefit on the 15th year. If your mom is insured, ikaw ang makikinabang sa beneficiary when she passes away. Unless, that is your intention. With regards to the maturity benefit, just as I said, you can claim the benefits and give it to her. And since you are younger, you will most likely stay alive longer and enjoy more of the benefits.
Here are the premiums:
Plan 1 (Pangarap Pension)
Total premium: P278,940.00 (payable in 5 years at PP55,788 per year).
Benefits: P500,000, on the 15th year or 10 years after the paying period
Insurance benefit for the beneficiary, i.e., you mom: P500,000 (in case of death due to accident during the paying or waiting period) . P50,000 only if due to other causes.
On the 15th year, you can get the whole amount, or leave it first and just get interest eranings, or invest it at Philam for further growth.
Based on my computation the P278,940 earned at 7%rate (but I just computed starting on the 5th year, the time the paying period is over)... so that means to say that's a fairly good investment rate. That does not include yet the fact that you are insured. That means you can be confident that you can still get everything you planned for your mom even if something happens to you. That does not appear in the interest rates. :-)
Plan2 (Future Fund Plus)
Total premium: P321,500 (payable in 5 years at P64,300 per year)
Benefits: P500,000, on the 15th year or 10 years after the paying period
Insurance benefit for the beneficiary, i.e., you mom: P1,000,000 (in case of death due to accident during the paying or waiting period) .
P500,000 only if due to other causes.
Based on my computation, your invested at a little less than 7% per annum.
Plan3 (Future Fund Prime)
Total premium: P743,500 (payable in 5 years at P148,700 per year)
Benefits: P500,000, on the 15th year or 10 years after the paying period
Plus: P50,000 yearly return for ten years during the waiting period (totalling P500,000), on top of the P500,000 maturity
Insurance benefit for the beneficiary, i.e., you mom: P1,000,000 (in case of death due to accident during the paying or waiting period) .
P500,000 only if due to other causes.
Based on my computation, your invested at a little over 7% per annum, excluding the yearly benefit you received and insurance coverage.
If you just wish to choose from among the three, baka that would be better, kasi baka masyado nang marami kung may ibang plans pa from other insurance companies. But I will still get from Ayala Plans (and Sun Life if you like).
Thank you and good day to you and everyone! :-)
spurs <[EMAIL PROTECTED]> wrote:
wow daniel, bilib ako sa yo... everready battery ka...
awesome, that means you really know what you are selling...
a sign of a good agent... kung andyan lang ako,
sayo ako kukuha eh... mas mura nga talaga dyan... $104/mo
dito... Thanks for the info!!
but anyway, cge im kinda interested for the pension plan,
i'm thinking of getting one for my mom... find me a good deal ha?
if u need info let me know...
--- In [email protected], jun ramos <[EMAIL PROTECTED]>
wrote:
> No, Mel, that's the annual premium.... payable pa in
installments. : -)
>
> Generally, it's very easy to compute insurance premiums for cars,
i quote on the spot to my clients. The only thing needed is the
value of the car. Unfortunately, I don't have the value of a 2005
Toyota Rav4.. all the while I thought I was always bringing it.
Usually, clients get insurance from the dealer on the first year
because it's "free" or part of the package... they're not aware that
it's not really free or they simply don't want to get into the
hassle of getting in touch with an insurance company or agent... but
it's really cheaper to go directly to the insurance company/agent..
even if the dealer would offer other "freebies" such as leather seat
cover, etc.... Most cars I quote are more than one year old... If
I quote brand new cars, we base the value on the actual price.
Anyway, just to come up with a value, I'll just assume that a 2005
Rav4 costs 1.2M. If my estimate is way off, I'll e-mail you another
quotation to satisfy your curiosity . :-)
>
>
> Coverage
>
> BPI/MS
>
> UCPB
>
> Own Damage
>
> 1,200,000.00
>
> 1,200,000.00
>
> Theft
>
> 1,200,000.00
>
> 1,200,000.00
>
> 3rd Party - Bodily Injury
>
> 200,000.00
>
> 200,000.00
>
> 3rd Party - Property Damage
>
> 200,000.00
>
> 200,000.00
>
> Passenger Insurance
>
> 100,000.00
>
> 100,000.00
>
> Annual Premium
>
> 29,852.10
>
> 23,849.29
>
>
> Too bad, we can't cover your car... unless you're willing to make
the claim here hehehe... it's not like personal accident or life
insurance where the person is covered anywhere in the world... :-)
>
> Di bale, nakapila na yan sa ise-send ko... premiums for pension
plans, educ plans (you don't really need to have a child to get
one!) and life plans... :-)
> Nice to hear from u... congrats for getting a new car... ingat
lagi!
>
> God bless you all! Regards na rin sa HS classmates na nasa US!
>
>
> spurs <[EMAIL PROTECTED]> wrote:
>
> hi daniel,
>
> yung P5,362.80 premium, monthly ba yon?
>
> out of curiosity, if its readily available on your notes, or would
> NOT entail you so much effort/time, how much is a comprehensive
full
> coverage insurance for a 2005 toyota rav4?? ... just got one last
> month, and kamahal ng insurance ko... pero kung ire-research mo pa
> or would involve time on your part, don't even worry about... ok...
> like what i've said out of curiosity lang...gonna compare it
here...
> (unless they cover US hehe)
>
> hello everyone... i heard may 8.7 quake na naman sa indonesia...
> ingat na lang lagi...
>
>
>
>
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > Make Yahoo! your home page
> > Yahoo! Groups SponsorADVERTISEMENT
> >
> >
> > ---------------------------------
> > Yahoo! Groups Links
> >
> > To visit your group on the web, go to:
> > http://groups.yahoo.com/group/ust-ehs1990/
> >
> > To unsubscribe from this group, send an email to:
> > [EMAIL PROTECTED]
> >
> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> Service.
> >
> >
> >
> >
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > Yahoo! Small Business - Try our new resources site!
>
>
>
>
>
> Ask our other classmates to subscribe, tell them to send an email
to:
> [EMAIL PROTECTED]
>
>
>
>
> Yahoo! Groups SponsorADVERTISEMENT
>
>
> ---------------------------------
> Yahoo! Groups Links
>
> To visit your group on the web, go to:
> http://groups.yahoo.com/group/4c-math94/
>
> To unsubscribe from this group, send an email to:
> [EMAIL PROTECTED]
>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
>
>
>
> ---------------------------------
> Do you Yahoo!?
> Yahoo! Small Business - Try our new resources site!
Ask our other classmates to subscribe, tell them to send an email to:
[EMAIL PROTECTED]
Yahoo! Mail Mobile
Take Yahoo! Mail with you! Check email on your mobile phone.
Ask our other classmates to subscribe, tell them to send an email to:
[EMAIL PROTECTED]
Yahoo! Groups Links
- To visit your group on the web, go to:
http://groups.yahoo.com/group/4c-math94/
- To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
- Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
