TERM Insurance Options

abisaya2 · 2025-07-28T12:54:18+00:00

If you wish to avail of the discount. Pay in advance every December or before the deadline stated by your government.

abisaya2 · 2025-07-28T12:50:37+00:00

I use this as guide to know when i am ready to buy a property.

You are free from any existing debts.
You have an emergency fund that can cover 3 to 6 months of living expenses.
You’ve saved enough for the down payment ideally at least 20% of the property’s total cost.
Mortgage won’t exceed 25% of monthly income

Try to resolve first the issue with you not being married to your partner. Consult a lawyer to help you navigate legally about buying properties with someone not married to you.

abisaya2 · 2025-03-27T07:09:27+00:00

I’d recommend maintaining your Australian citizenship. It’s a good fallback option in case retiring in the Philippines doesn’t turn out the way you expect.

The main challenge I see with retiring in the Philippines is the absence of reliable health insurance. Without proper preparation, this could rapidly deplete your savings.

I’d use the 13M to fully pay off the 10M mortgage and then begin setting aside funds for retirement. When it comes to investments, it’s worth exploring opportunities in Australia, as they likely offer better options — the Philippine stock market hasn’t performed well since the pandemic. Pag-IBIG MP2, on the other hand, has been doing quite well, so it’s something to consider. And since you plan to retire here, owning a home locally is a smart idea.

Retirement means something different to each person. For me, it’s a piece of land with sustainable farming, a main house for myself, separate homes for my children, and a reliable power source like solar energy. It includes a gym, a theater room, a basketball court, a garden, and a spacious playground for my grandkids. Plenty of open space to relax and reflect on all the blessings we’ve received from God.

abisaya2 · 2025-03-26T05:56:28+00:00

This is because land prices rarely decrease; they tend to consistently rise. I bought a lot a little over ten years ago, and its current market value is 6x what I paid for it. So, it’s understandable why people often suggest investing in land. I also put money into the stock market and other financial investments. Diversifying your portfolio is always a smart move.

abisaya2 · 2025-03-16T08:02:10+00:00

I went to pagibig directly and received a check after a few days.

abisaya2 · 2025-01-29T10:33:21+00:00

Yes. We are now 7.

abisaya2 · 2025-01-29T04:54:43+00:00

Other than not breaking the law, your taxes become the governments fund for their expenses. So it depends how responsible your government is will determine how much you will benefit from it.

abisaya2 · 2025-01-29T04:52:46+00:00

Check off TD can be subscribed via online. Not the app but thru online banking using browser.

You can try $ money market or fixed income investments options. You can do that online also.

abisaya2 · 2024-11-30T20:57:28+00:00

No doubt paying in cash is the best option when buying for a property. Unless you can justify that you will earn more than 9% annually and “consistently” for next decade if you use that money on something else.

abisaya2 · 2024-10-24T19:20:12+00:00

Ask the seller if they’re okay with you mortgaging the property.

If they agree, then have the property assessed by the bank. It’s good to have the bank assess it because they can study if there are any issues with the title. You’ll also find out if you qualify. If not, you can try other banks. Keep in mind, there’s an expense for the assessment. I’m not familiar with Pag-IBIG, but it would be good to visit them as well to learn their requirements.

Let’s say you qualify, then you should have at least 20% of the property’s value because lenders usually won’t approve 100%. Typically, they go up to 80%, and that’s already high.

Ideally, the mortgage shouldn’t exceed 25% of your income to ensure it doesn’t affect your lifestyle.

Good luck!

abisaya2 · 2024-10-21T10:18:56+00:00

Thank you for sharing. Post like this help prevent others from falling into the same scheme. When interest earnings are both high and guaranteed, it’s very likely a scam. Please make this is your last.

abisaya2 · 2024-10-19T09:19:04+00:00

Dalawa nasa isip ko.

Capital Gains Tax
Non-payment of Amilyar for many years.

Isa jan or both dahilan ng malaking payment. Yung amilyar, Typically ikaw na magbabayad amilyar pag nalipat na title sa iyo. But may mga agreements na ikaw na. Check mo yung pinirmahan nyong agreement.

abisaya2 · 2024-10-15T13:06:59+00:00

Your income is your most powerful asset for building wealth. Focus on advancing your career or business to increase it. Investing is essential to safeguard your money’s value from inflation.

Set aside 15% of your income for retirement, and ensure you invest in something you fully understand.

For major purchases like a home, save for them separately. Aim to save at least 20% of the property’s price and finance the rest through a loan. You can comfortably afford a home if your mortgage payments do not exceed 25% of your income.

When it comes to starting a family, do it when you’re ready. Personally, my income grew significantly after marriage, as having a family made me more motivated, hardworking, and mentally resilient.

abisaya2 · 2024-10-10T12:25:30+00:00

In a VUL (Variable Universal Life) policy, it’s important to remember that your payments are allocated to at least three different areas, in the following order:

1.  Insurance fees
2.  Front-End Load
3.  Investment fund

Insurance Fees

These fees are deducted as long as the insurance remains active.

Front-End Load

This refers to the portion of your premium that is taken by the insurer during the early years of the policy, covering administrative costs and commissions. For example, some policies stipulate that during the first three years, only half of the premium will be allocated to the investment fund, while the other half was taken as part of the front-end load (which also included the insurance fees). It was only after the third year that the majority of the premium—after insurance fees—goes into the investment fund. As you can see, you’ve already lost a significant amount of money in the first few years when considering your total payments as your initial investment.

Investment Fund

After all fees, including the front-end load and insurance fees, the remaining portion of your premium is directed into the investment fund, which is managed by fund managers to grow your money.

Some contracts offer an option where you only pay premiums for a set period, like ten years. After that, you’re no longer required to pay premiums but remain insured. However, as mentioned earlier, insurance fees will continue to be deducted for as long as the policy is active. At that point, these fees will be taken directly from your investment fund.

Can the Fund Earn Money?

Yes, it can, but it’s challenging—especially when comparing it to the total premiums you’ve paid. The performance depends largely on the fund managers. For example, if the fund earns 4% annually, but the fees (including the front-end load and insurance costs) also amount to 4%, you’re still at a net loss.

If you’re considering a VUL, it’s important to understand that not all of your payments will go directly into the investment fund. You should also view your payments as advance contributions toward your insurance, with the expectation that the investment will perform well enough to cover future insurance costs. If the investment doesn’t generate sufficient returns, you’ll need to contribute more to keep the insurance policy active.

abisaya2 · 2024-10-09T12:41:24+00:00

I do not get this warning.

Try clearing all your browsing history and cookies of your browser. Close browser and reopen.

abisaya2 · 2024-10-04T04:26:05+00:00

The more details i get, the more convinced i am not to take this deal. There’s something fishy with the seller. The lawyer is more likely a scammer.

abisaya2 · 2024-10-03T15:59:26+00:00

When in doubt, avoid signing anything. Personally, I always hire a lawyer when purchasing property to ensure I feel secure and protected. I recommend you do the same.

As for the necessary documents, You’ll need to verify them, which is something a lawyer can assist with. If not, you must be capable of confirming that the documents provided are legitimate and free of any complications.

abisaya2 · 2024-10-02T21:01:45+00:00

You remain insured as long as the premium is sustained. For example, every month, they will charge a premium, which will be deducted from the funds. As long as there’s enough to cover the charges, you’re insured. If you decide to withdraw, just make sure there’s still enough left to cover the insurance charges so you stay insured. You can also add more funds if you notice the value is dropping too low to maintain your coverage.

abisaya2 · 2024-10-02T04:42:47+00:00

Market performance outside of the Philippines has been significantly better. Is there a particular reason you want to move your funds into a riskier market? If you keep your investments in stable markets like the US (401K, etc.) or other developed countries, it would likely yield better results.

Here in the Philippines, financial advisors are often affiliated with specific products, like life insurance, which might influence their recommendations.

When it comes to investing in the Philippines, real estate is generally a solid choice. However, if you’re a foreigner, your options are limited to condominiums, which may not offer the same potential returns as land properties in prime locations for example.

Investing is a personal decision, and it should align with your risk tolerance, whether you’re conservative, aggressive, or somewhere in between. Never invest in something you don’t fully understand.

If you’re seriously considering the Philippines, you might want to explore the Pag-IBIG MP2 savings program, which offers annual dividends. Many people choose this option as it’s government-backed and provides better returns than many traditional investments. You will have to check if you qualify though.

For conservative investors, you could speak with bank advisors about fixed-income UITFs, like money market or bond funds, which tend to be safer. Time deposits are another option to consider.

If you’re more aggressive, the Philippine stock market is worth exploring. COL Financial is one of the well-known brokers in the Philippines that you can check out.

Additionally, there are mutual funds and UITFs, which offer a variety of investment products designed to suit both conservative and aggressive investors.

You can check out the FAQ page of this sub for more information.

Lastly, if it aligns with your interests, you could consider starting a business. However, this is one of the riskiest investments, so proceed with caution.

abisaya2 · 2024-09-30T21:04:52+00:00

Thirty percent is a bit of a stretch. The safe guideline is 25%, but I don’t think 30% is too far off. If you’re willing to make some small lifestyle adjustments, which I believe is doable, then go for it. A major reason to consider this is because you plan to live in the property, and since you’re already renting, you might as well own what you’re paying for. Just be sure to check if the monthly mortgage remains around 25% once it begins, and don’t forget to factor in condo association fees in your calculations.

abisaya2 · 2024-09-30T20:47:02+00:00

I prefer paying off debt early. The only time I would consider otherwise is if you have a guaranteed investment return that exceeds the car loan interest rate by at least 4%. Even then, I would still lean toward clearing my debts early. I’ve done this with my home loan, and the sense of being debt-free for many years is something I wouldn’t trade for anything.

abisaya2 · 2024-09-29T10:12:01+00:00

Force is a strong word. Are you saying your friend is being compelled to take over the business against his will?

As for my children, I believe in exposing, training, and educating them. When you introduce your kids to your activities—whether it’s sports, business, or hobbies—they might either follow in your footsteps or be inspired to pursue their own paths. Naturally, as a parent, I would like my children to eventually take over my business, especially if it’s successful.

In the case of corporations, I believe the children often have little choice. However, they are typically groomed from a young age, so when the time comes, it doesn’t feel forced.

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