VUL is a scam?!

Let's discuss this very prevalent groupthink here in the #Philippines.

Xoxo,
#YourFinancialCoach

#money #insurance #VUL #wealth #investment #investing #Learn #grow #understanding #finance #financialfreedom #financialliteracy #groupthink #scam #toxic

[niloyu]

Keep watching and support from Al Khafji Saudi Arabia.

[cruz]

for principal guaranteed return na lang kung malagay sa gyera ang buong pinas o bumagsak ang economy ng tax free ang dividens ng for the last 5yrs or so nag lalaro between 6%-7% ang dividens.(pandemic inclusive pa yan if you choose the 5 year end term power of compounding is at

kung talagang mas mabigat ang yalue ng insurance ng VUL kesa investment bakit isasali mo pa ang investment ?....d mag offer na lang kayo directly ng solo investment component ng VUL pwede pang mag negative kasi stock market ang pinag iinvest ahente ako ng din ang pupush magkanong commission matatanggap at mapapakinabangan ko

[NickHTadle]

Hi Mam what if wlang nangyari po sa ngpa insured ng VUL (PAA PLus),
Parang ngsavings lng po bah? salamat...

[kudaatdakdak]

Thanks for this video!
I have a hypothetical question though.

Let’s say I already paid all the premiums for my VUL policy, I have not made any withdrawal and I paid all my premiums on time, however, my fund value becomes zero because the market is down, as in worst scenario, what will happen to my insurance? Am I still covered?

I watched here in Youtube that even if I already paid all my premiums, I am still paying for my insurance and riders through my fund value. What if there is no fund value to cover my insurance? Will it be terminated?

Is this scenario possible?

[paulorodriguez]

I think the Accident and Critical illness is just one. Kapag na aksidente ka tapos yan yung cause ng critical illness mo, isang benefit lang makukuha mo. Lugi pa rin si insurance holder. Mejo na disappoint lang ako sa VUL kasi na aksidente ako habang basketball tournament ng office namin, hindi nag activate yung reimbursement/accidental benefit ko kahit malinaw sa nilagay ng doctor na accident ang nangyari.

[ianb]

So kung hindi po siya for investment, rather choose term para walang investment or BTID. Tama po ba? :)

[f.s]

ang problema kasi dyan yung mga agent eh, laging sinasabi ng mga FA na VUL is an investment+insurance, di sinabi yung mga malalaking fees, kaya halos wala ng matira sa pera mo

[josephestrada]

Kapag namatay ang policy holder 5x lang ng annual payment ang makukuha?

[WeekendballerPh]

Daming di natatakot tumanda/ mamatayan 😂 VUL is key 🔑

[SupremoTeeVee]

Kaya nga eh. Nakakatoxic sila mag post sa mga group nila. Muntikan ko na ipaterminate yung VUL ko eh. Napaisip ako bigla kako paanong lugi eh insurance nga yung main purpose nung kinuha ko di ko naman kinuha yun for investments kasi may MP2 naman ako. Mga engot din magisip yung mga iba na waste of money raw ang VUL eh napakalaking tulong niyan once maaccident ka or mahospitalize ka bigla. What if 3k palang nahuhulog mo bigla kang naaksidente o naospital eh di swerte mo may 500k - 2M kang cash agad diba. Iniisip nila yung investments eh hindi naman talaga yun ang main purpose ng insurance eh.

[vanela]

I'd appreciate an advice on this po:

I'm just finished the 10th yr of my vul at may sinend na cert of insurance na. Pwede ko na ba istop paying monthly, since 10 yrs lang naman sabi ng agent? As for the account value, bawas na sya since I made a withdrawal last year...I'm thinking po kasi na if need pa ituloy na magbayad, then I'd better withdraw na lang siguro.

[crisdiaries]

Maam ano pong masasabi nyo sa BDO life saveflix 5 years to pay po sya with insurance and investment.

[arlandjandoquile]

Ma'am ask ko lang po after critical illness like 6mos on ward di na po makag trabaho kc di na fit to work pwede po ba mag apply ng disability and if possible po ma waive din kaya ang monthly premium?

[cyrusmontesa]

VUL is crap. The commission fees are high (ie. 40%). It is not a legitimate way to invest. I'd rather put my money in Vanguard or S&P with fees as low as 1% or Gcash invest. Also with VUL I cannot pull out this "investment" untiil I am 85 years old.

[scrt_channel]

May tanong ako. Tapos na ako magbayad ng VUL insurance. What if namatay ako. Then, cover ako ng VUL insurance dahil sa death benefit tapos zero yung fund value ng insurance ko, may makukuha ba yung beneficiaries ko death benefit (face amount, sum insured, etc.)?

[adrianantonio-xunw]

Maam yong VUL available po ba in Sunlife and Kaiser insurance?