“Mabigyan ng sapat na edukasyon.”
This is one of the most basic right of a child. Pangarap ng
karamihang magulang ang mapagtapos ang kanilang mga anak. Isa ito sa
pinakamalaking pagkakagastusan ng isang pamilya particulary pag nasa
kolehiyo na ang bata.
Like in any other investments, mas
maluwag at mas magaan kung maaga mo itong paghahandaan.
Marami kang pwedeng paglagakan ng
investments/savings mo para sa iyong mga anak. Pwedeng stocks,
UITF's, Mutual Funds, Time Deposits, Bonds etc. But why do we need to
consider VUL as one of those options?
- Dahil ito ay may Insurance Coverage-Kung ikaw ay may sasakyan, how much ang premium na binabayaran mo sa insurance ng iyong sasakyan? Bakit ang sasakyan kailangang may insurance at ang bread winner ay pwede nang wala? Kung sakaling may mangyari sa bread winner, may income replacement na makukuha ang pamilya na maaring magamit para mapag aral ang anak in the future.
- A portion of your investment is invested in Stocks or Bonds-Part of your premium goes into the investment portion. Iniinvest ng mga fund managers ito sa ibat ibang investment medium, like stocks and bonds. Kung wala pang gaanong time or pagkakataon na pag aralan ang other investments, hindi mo na kailangan mamili or mag aral pa isat isa kung ano ang maganda. Sila na ang mag iinvest para sa atin. Habang tumatagal mas tumataas ang posibilidad na lumago ang investment natin or fund value. Possible gains is more than the current interest rates kung ilalagay lang sa time deposit or bank accounts and educational fund. We can use this Fund Value for our future financial goals kung sa discussion na ito para sa educational fund. Kung kukurot or babawas ka lang sa fund value mo at magtitira ka pa ng pondo sa iyong policy. Tuloy tuloy pa rin and insurance coverage mo as long as you will leave an amount that can cover the insurance charges. Mas bata ka, mas mura ang premiums at ang fund value mo ay mas may potential na lumago.
- Flexibility -And fund value na maaccumulate mo sa iyong policy ay maari mong gamitin kahit saan mo gustuhin. Hindi nakadepende sa eskwelahan or tuition ng bata ang makukuha mong funds.One of the main value of VUL is its flexibility. Kung sakali naman na may sapatna ipon ka na at hindi mo na kinailangan na iwithdraw ang fund value mo para mapag aral angmga anak mo pwede mo naman gamitin sa ibang financial goals ang investment mo sa VUL.Pwede retirement fund, medical fund, travel fund etc.
- Diversification-Seasoned investors believe in the value of diversification in minimizing your risk. And I will suggest you diversify your educational fund as well. Do not put everything in VUL's. UITF's and Mutual Funds are other good options for these if wala gaanong time mag invest sa stocks. We encourage fund diversification for constant tips and reminders you can visit our Facebook site for updates.
- Multiple Payment Schemes-You have the option for Single play, 5-pay, 10-pay and Continuous pay. This depends on your preference.
- Estate Planning-If you have other investments, bank accounts and properties, your beneficiaries can use the proceeds from your VUL's to pay for your estate tax. Kaysa mamroblema pa sila at mag penalty.
- Forced Savings:-You are reminded to continuously pay your premiums for a particular financial goal. Some people ay nahihirapan magtabi dahil sa iba't ibang pagkakagastusan. Mas mabuti na may naipon kaysa naman makaligtaan magtabi dahils a dami ng gastusin.
- Options to Add Riders:-You can customize your plan to include other Riders or features. Pwede Critical Ill ness benefit (important)/Hospital Income Benefit/Accidental Death and Dismemberment Benefit and the likes.
Disadvantages:
- Your investment has insurance charges. Meaning not all of your premiums goes into your fund value. That's why at the beginning or usually at the first 5 years of your investment, the fund value is usually less than your total premiums paid. But of course your insurance coverage is intact.
- The actual fund value amount is not guaranteed. Like in investing in UITF's, Mutual Funds, Stocks your fund value can decline depending on the market and fund performance.
- Your investment should be in for the long term. You cannot withdraw it right away. Not intended as an Emergency fund. Ideally 10 years or more placement is advised. Minimum of at least 5 years. The longer the better.
Traditional Educational Plan VS VUL
Sunlife also has the Traditional
Educational Plan. Its features is almost the same as those of the
VUL. Their main difference are:
Guaranteed VS. Variable
In the Traditional Educational Plan the
benefits are guaranteed. Meaning they are not affected by the market
performance.
Premium Price
The Premium is higher compared to VUL
for the same coverage.
Potential Returns
VUL have higher potential returns
compared to traditional Educational Plan.
Maturity
Fund Value of VUL can be withdrawn
anytime. Traditional plans has Cash Value that you can loan for a
certain interest if the policy is not yet matured.
Traditional Plan has a minimum holding period of 12 years.
Payment
Traditional plans can be paid using
your Credit Card. VUL plans can't be paid using Credit Card.
Why Invest with Sunlife?
Our company is one of the most trusted
and one of the best performing company in the industry. In terms of
Fund performance, our mutual funds performs well and this affects the
returns for your Fund Value for VUL's and Dividends for your
Traditional Educational Fund.
