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Author Topic: What po ang stable Education Plans? (no selling/solicitations pls)  (Read 39525 times)

jealousygirl

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HI mga ka SP mommies.
Im here again asking your opinions,. Whats the best Educational plan po ba Nowadays? para kasi nakakatakot mag invest sa iba lalo kung hindi kabisado ang background ng company.. Being a solo mom, i want to secure my daughters education in the future..so im thinking about the plans.. Like.. Sunlife,philam so on and so fort..
 Thank you in advance  mommies..
« Last Edit: May 08, 2013, 04:55:16 PM by Mommyjazz »

Rainebow Mom

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Re: What po ang stable Education Plans?
« Reply #1 on: December 01, 2011, 12:26:12 PM »
I heard some feedbacks about the stability of Sunlife. Interested din ako sa educational plans for my daughter Raine pero right now medyo tight pa ang budget namin. Try mo rin mag inquire sa mga banks. Alam ko nag oofer din sila ng educational plans.

magilas

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Re: What po ang stable Education Plans?
« Reply #2 on: December 01, 2011, 12:43:22 PM »
i was checking on this issue some months back, but still haven't decided if i'm getting one.

as per sunlife website, and as per my understanding, it stopped offering educational plans (kindly check again).

the more stable companies would be manulife (since the owners are also connected with the mapua institution) and philam (though i don't know how the aig crash has any effect on this).

will also appreciate any posts! thanks.  :)

HappyKidsOnline

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Re: What po ang stable Education Plans?
« Reply #3 on: April 16, 2012, 04:48:54 PM »
According to the agent na nakausap ko. Nung nag-crash yung AIG, binenta ng PhilAm yung ibang umbrella company nila, or ibang insurance products. Ang natira na lang sa Philam ngaun is yung PhilAm Life, sa abot ng pagkakaintindi ko Life Insurance na lang ang hawak ngayon ng PhilAm, yung iba nilang products such as educational plan etc ay nabili na ng Phillippines First Group. ito po yung kinuha ko na plan for my baby. http://www.philplans.com.ph/summa.php

ok siya in the sense na insured yung payor habang nagbabayad. :)

anhing

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Re: What po ang stable Education Plans?
« Reply #4 on: April 17, 2012, 07:19:08 AM »
I spoke with an agent ng Sunlife, what she offered me is a "variable insurance", meaning you can use the proceeds for whatever purpose you want, so pwede pang education or pang retire. Actually kumuha na din aku and hopefully by next year pagmaganda ang investment, I might get a separate plan for my daughter, kahet P1K/month malayu na mararating nun if we are going to start investing early. Sabe ku nga, nanghihinayang aku, I should have started investing 10 years ago, kahet siguro P1-2K every month. Oh well, hinde pa naman late, im still capable of earning, kaya medyu double ang savings ku ngayon.

Mod's note:
post modified. Solicitation not allowed.
« Last Edit: September 12, 2012, 02:08:44 PM by Mommyjazz »

KVsmommy

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Re: What po ang stable Education Plans?
« Reply #5 on: April 17, 2012, 08:35:39 AM »
I believe Manulife still offers educational insurance, pero ang nirecommend ng agent namin is to get a variable insurance din dahil what you get is cash, hindi sya restricted na gamitin lang for education purposes lang, and you have the freedom on how to allocate it, and you still get the benefit of insurance coverage.

Hubby and I both have coverage na, and next year we plan to get a variable one for our daughter. Medyo mabigat pa kasi sa gastusan this year. :)

I think the trick to buying education plans or any type of insurance, is to really study how the scheme would work. If the company promises something that seems 'too good to be true', medyo ilag ka konti. Kasi baka hindi ma-sustain in the long run eh.

Like CAP's educational plan (which my parents got me, and nagamit ko naman for my college education, pero sa kapatid ko pumalya na). Yung sa CAP kasi noon, their traditional plan kasi you only pay a certain amount, say 50,000, depending on the plan or 'school group' that you choose. NECU A noon ang pinakamahal, for schools like La Salle Ateneo ganyan. Ours was NECU C. Tapos ang mangyayari, no matter how much you paid lang, CAP will shoulder the entire tuition fee, kahit ang mangyari eh maglagpas lagpasan na dun sa binayaran mong amount before. Unfortunately for CAP, hindi nagwork-out yung mga investments nila, tapos ang laki na ng naging increase sa tuition fees kaya nahirapan sila sa pay-out. :(


swtgrl_bee

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Re: What po ang stable Education Plans?
« Reply #6 on: April 17, 2012, 10:09:03 PM »
Ako sis kinuhan ko baby ko ng Life Insurance/Educational Plan sa Philam, cash siya ibibigay ang kapag 16 years old na anak ko. Tignan mo din sis yung background nung company na kukuhanan mo ng insurance :)
xoxo B1B2 :))

jealousygirl

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Re: What po ang stable Education Plans?
« Reply #7 on: April 20, 2012, 08:04:53 AM »
yeah.. thannk you mga sis.. uu need kasi mag ipon talaga for the study ni daughter,, lalo ako lang mag isa nagttguyod sa kanya,, hays...

swtgrl_bee

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Re: What po ang stable Education Plans?
« Reply #8 on: April 21, 2012, 05:48:57 AM »
^kaya yan sis, just pray and work hard :) Tita ko single Mom din pero malapit na graduate pinsan ko sa mamahaling school pa :D
xoxo B1B2 :))

aram724

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Re: What po ang stable Education Plans?
« Reply #9 on: April 24, 2012, 06:38:38 PM »
ang son ko po prulife uk ang kinuha kong educ plan..
nung una kasi nabasa ko lang yung insurance sa gingawaan kong background research ng isang client and i found it stable naman..sakto naman na yung fren ko nkapasa as agent nung prulife kaya nung inalok niya ko para sa new born baby ko, pumayag na din ako lalo at cia maghahandle nun..
« Last Edit: September 12, 2012, 02:04:44 PM by Mommyjazz »
aram

Lhizlie_81

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Re: What po ang stable Education Plans?
« Reply #10 on: April 25, 2012, 10:00:35 AM »
For my daughter is college fund from Manulife. As far as we know stable yung Manulife and while preparing for the college education of my daughter she is still insured till reach the age of 24 and my husband is covered by insurance on the year of payment. Every quarter yung payment namin for five years. Nagstart kami ng payment at the age of one, mas mababa ata kung age zero.

dmnq

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Re: What po ang stable Education Plans?
« Reply #11 on: April 25, 2012, 10:15:29 AM »
sa POV ko naman we dont believe sa mga ganyan we might as well save up kasi my dad is a lawyer and sabi niya wag daw maniniwala sa ganyan. Ive also witnessed yung mga kaklase ko dati na may educ plan sa CAP and sobra sobrang problema binigay sa kanila. Ayaw ko naman maranasan namin un na kampanteng kampante kami na mapapag aral namin mga kids tapos in the long run hindi namin alam kung saan hahagilap ng pera pang tuition. Mag time deposit na lang ako for them.

KVsmommy

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Re: What po ang stable Education Plans?
« Reply #12 on: April 27, 2012, 01:34:34 PM »
sis Lhizlie_81: anong pangalan ng plan nyo sa Manulife? I think that's the one na nadiscuss sa min nung agent namin, PM me naman what it's called para mareseach ko pa lalo. :) We're planning to get a third plan with Manu next year eh.

hanne

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Re: What po ang stable Education Plans?
« Reply #13 on: May 03, 2012, 03:47:16 AM »
i just got my kid a plan from generali pilipinas (part owner ang BDO e) pero they're not marketing it as pre-need na solely, technically life plan siya na set-up as an educ plan. i only took the min plan worth 100k+ kase (1) i have existing plans with sunlife and philam and both will mature about the same time magco-college anak ko so in case i need them i can use them and (2) i don't want to gamble large amounts kahit paano.

don't have any problems with educ plans. lahat kame magpipinsan laking pacific plans e  ;D

share ko lang na may dalawa akong pinsan na walang plans kase ang sabi ng dad nila (tito ko) nun, "may pang tuition nga sila wala naman akong ibibigay na pang allowance and other misc"...tapos nung nag college mga anak niya - isang ateneo and isang ua&p, nagbago takbo ng isip, sana daw kumuha siya nung bata pa mga pinsan ko kahit paano nabawasan problema niya.

anyway, just a diff POV lang naman. though may kilala din ako na nalugi sa CAP.

check niyo dito - http://www.insurance.gov.ph/htm/_reports_annual.asp

baka magkaron kayo ng kumpiyansa kahit paano kung alam niyo ang financial standing ng mga companies na yan. ang personal goal ko, magkaron ng plans (either life/variable or preneed) sa top 3 na nasa list -- insular nalang ata kelangan ko. and btw, lahat ng plans ko, min amt lang ang investment. ang akin, going for quantity ako. konti pero maraming kalat kalat. ewan kung magwowork ang plano ko. hahaha only time will tell.
« Last Edit: May 03, 2012, 03:50:54 AM by hanne »
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swtgrl_bee

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Re: What po ang stable Education Plans?
« Reply #14 on: May 03, 2012, 04:24:06 AM »
^yes sis only time will tell :) and sana okay ang result in the future. Gusto ko yang strategy mo sis na konti pero kalat kalat :)

With my daughter's life plan/educational plan 3 years and 7 months pa. Hahaha, yan ang panahon na hindi pa siya pwedeng sundan :)
xoxo B1B2 :))

 

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