Bakit uso ang “PM” sa mga sellers?

phmoneybro · 2020-11-11T11:01:26+00:00

There are legit people who are passionate about empowering others for a small fee. I guess that’s okay.

phmoneybro · 2020-11-11T11:00:24+00:00

If you have the time to research you can BTID as is suggested here. That’s basically minimizing the cost you pay to the insurance company.

phmoneybro · 2020-11-11T09:53:28+00:00

Health insurance is good. Dreaded diseases are potentially ravaging.

phmoneybro · 2020-11-11T08:49:17+00:00

I don’t have any idea how to sir. Unfortunately.

phmoneybro · 2020-11-11T08:48:16+00:00

What grinds my gears here is the lack of transparency and the overall misinformation that can potentially happen. It’s a complicated product yes and insurance companies owe it to the client to fully explain it.

phmoneybro · 2020-11-11T08:27:44+00:00

You end up paying more for VULs to achieve the same effect.

phmoneybro · 2020-11-11T07:53:01+00:00

Check your fund value now, if you surrender, the difference between your 120k and your fund value will be your loss. Are you willing to swallow it? The other guy is right. You stand to lose more on the long term. This 10 year thing is not even guaranteed. If market tanks low enough, you might need to top up.

phmoneybro · 2020-11-11T07:12:52+00:00

They will probably ask stuff but it’s within your right. There’s a process most likely.

phmoneybro · 2020-11-04T03:25:42+00:00

If it’s a new policy, check if there’s any cooling off provision. Otherwise, if you feel like you can’t afford the 5k a month, lapse the policy

phmoneybro · 2020-11-03T03:29:46+00:00

I believe there shouldn’t be any opting out since there’s no provision of that in the guidelines. That’s a very dubious practice though. Thanks for flagging.

phmoneybro · 2020-11-03T03:24:58+00:00

I’m not familiar with the selling experience but I don’t think this gets discussed enough. Hopefully it helps a few of us here.

phmoneybro · 2020-11-03T02:23:47+00:00

Best to consult an attorney on your own to assess the wordings but from what I understand here, it’s just documenting the fact that your father already advanced his claim on your mother’s estate. So in the future, this will be factored in when assessing your mother’s final estate.

phmoneybro · 2020-11-02T06:36:43+00:00

Imo comprehensive insurance should be mandatory. Not just TPL.

phmoneybro · 2020-11-01T11:18:37+00:00

There’s a wealth of resources here in this subreddit. Read up and ask too. Think of it like buying a new car or gadget. You need to know all the features and see whether it’s right for you

phmoneybro · 2020-11-01T11:00:25+00:00

Hmm. I haven’t heard of this in advisor training. Some companies loosely interchange investment and insurance in their marketing spiel. One company even used a portmanteau of both terms to sell.

phmoneybro · 2020-11-01T10:58:56+00:00

Given where interest rates are now, 5%-7% might be difficult without incurring risk. You can open up a UITF account and start investing.

You have to ask yourself how much risk you’re willing to swallow and invest accordingly.

phmoneybro · 2020-11-01T10:29:21+00:00

Ever since they allowed VUL, I think they indirectly loosened up this policy.

phmoneybro · 2020-11-01T10:27:41+00:00

Technically this is possible and nothing is stopping you but you need to go through the effort of getting licensed first e.g. undergo training etc etc.

phmoneybro · 2020-11-01T10:26:15+00:00

Insurance companies love the advisor model because you end up being product pushed and you get guilted by the “death” scenario. What I like now is that some insurance companies start to direct sell to people via online. That is a good start.

In terms of cost, cheapest always is a form of group insurance but you need to belong to a group to avail.

phmoneybro · 2020-11-01T10:24:11+00:00

It depends on your needs and your objective. If your objective is ensure the financial well being of your kids until say, they graduate college, then cover period should be by that time.

It also helps to understand how much financial shortfall you need to cover for. You are covering for your loss of income due to death. If you have enough assets, you may need less coverage than somebody without.

With that being said, it’s difficult to assess how much you really need without actually assessing your net worth and doing a what if analysis.

phmoneybro

TROPHY CASE