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Life => Money => Topic started by: jealousygirl on December 01, 2011, 11:13:51 am

Title: What po ang stable na Educational Plan?
Post by: jealousygirl on December 01, 2011, 11:13:51 am
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..

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Title: Re: What po ang stable na Educational Plan?
Post by: Rainebow Mom 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.
Title: Re: What po ang stable na Educational Plan?
Post by: magilas 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.  :)
Title: Re: What po ang stable na Educational Plan?
Post by: HappyKidsOnline 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. :)
Title: Re: What po ang stable na Educational Plan?
Post by: anhing 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.

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post modified. Solicitation not allowed.
Title: Re: What po ang stable na Educational Plan?
Post by: KVsmommy 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. :(

Title: Re: What po ang stable na Educational Plan?
Post by: swtgrl_bee 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 :)
Title: Re: What po ang stable na Educational Plan?
Post by: jealousygirl 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...
Title: Re: What po ang stable na Educational Plan?
Post by: swtgrl_bee 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
Title: Re: What po ang stable na Educational Plan?
Post by: aram724 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..
Title: Re: What po ang stable na Educational Plan?
Post by: Lhizlie_81 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.
Title: Re: What po ang stable na Educational Plan?
Post by: dmnq on April 25, 2012, 10:15:29 am
sa POV ko naman we don´t believe sa mga ganyan we might as well save up kasi my dad is a lawyer and sabi niya wag daw maniniwala sa ganyan. I´ve 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.
Title: Re: What po ang stable na Educational Plan?
Post by: KVsmommy 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.
Title: Re: What po ang stable na Educational Plan?
Post by: hanne 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.
Title: Re: What po ang stable na Educational Plan?
Post by: swtgrl_bee 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 :)
Title: Re: What po ang stable na Educational Plan?
Post by: jealousygirl on May 03, 2012, 06:54:15 am
wow mommy hanne.. dami ah, thank you sa advice,,, minsan kasi tlaga nakakatakot rin mag risk, pero i t try ko rin kumuha even one insurance for my daughter. aside sa pag s save sa bank.. ^^  thank you thank you po sa mga nag bibigay advice..
Title: Re: What po ang stable na Educational Plan?
Post by: Lhizlie_81 on May 03, 2012, 08:53:36 am
@KVsmommy- New Minds yung college fund ng anak ko. Pero yung refer ko sa frend ko s manulife parang bagong name of college Fund pero almost the same lang naman ng new minds..
Title: Re: What po ang stable na Educational Plan?
Post by: ysLim on May 03, 2012, 10:26:42 am
^ same tayo mommy new minds din ng manulife ang educ plan namin for baby. maliit lang yung face amount namin kasi takot din kami mag-invest ng masyadong malaki tapos baka di mag work out. ok naman sya, realistic naman yung return.  :)
Title: Re: What po ang stable na Educational Plan?
Post by: coolit on May 03, 2012, 12:51:57 pm
napapaisip na din ako na kumuha ng educ plan ah. pero kakatakot nga din kase kaya sa ngayon, savings muna sa bank. aling bank ang me educ plans? thanks. ;)
Title: Re: What po ang stable na Educational Plan?
Post by: hanne on May 03, 2012, 06:00:20 pm
^sis, normally, may mga ka-tie up sila. ucpb alam ko cocolife, ang bdo naman part owner ng generali pilipinas. ang metrobank alam ko meron ding insurance and pre need offers, can't remember lang anong company ka-tie up nila.
Title: Re: What po ang stable na Educational Plan?
Post by: je_anne on May 31, 2012, 10:12:10 pm
Hi ladies, I was wondering if it's a good idea to have an educational plan for my baby. I'm scared of the possibilities of getting an educational plan because of the things that happened with CAP.

 Anyway, for those mommies who already have educ plans for their children, can you give me any suggestions on which company to go to. I'm trying to google for the list of educational plans provided but I want real moms to talk to me about it. Thanks a lot.
Title: Re: What po ang stable na Educational Plan?
Post by: Mrs. Anderson on May 31, 2012, 10:37:41 pm
Merged with existing thread
Title: Re: What po ang stable na Educational Plan?
Post by: MmyJorayma on July 09, 2012, 01:12:08 pm
I commend mommies here na kumuha ang plans/policies as early as now for your kids. That is a good investment for their future. Sunlife or not, is good. Just be pro-active in monitoring these companies for their status. Tama si hanne - pwede nyo icheck dito  http://www.insurance.gov.ph/htm/_reports_annual.asp (http://www.insurance.gov.ph/htm/_reports_annual.asp)

As i heard, wala na nagooffer ngayon ng "Educational Plan" kasi it is not advisable na, both for the policy owner and the policy giver, due to the increasing tuition fee every year. So most of pre-need distributors offer insurance with investment features that you can withdraw by the time that your kids goes to college or anytime you need the money.

Remember, the best time to prepare for your future is now.
Title: Re: What po ang stable na Educational Plan?
Post by: KVsmommy on July 11, 2012, 08:05:32 am
I agree with MmyJorayma na the best time to prepare for your future is now.  :)

Sa una nakakatakot talaga mag-invest sa insurance because of all that's been happening with insurance companies (and even banks!), parang pinaka-nakakatrauma was yung CAP. I was a CAP scholar, and luckily, hindi pa naman on the rocks ang CAP when I was in college so nagamit ko ng maayos. Unfortunately, my bro who was just one year younger, was affected by their problems na, and til now di pa nakakapagclaim. :(

BUT, that didn't deter me from investing in insurance plans, because the potential in earning naman has not been lost. You just have to be more cautious. If an insurance company offers something that's too good to be true (so small ang investment pero malaki kikitain. Or masyadong malaki yung kikitain na parang hindi na realistic), then best to think twice.

Variable Life Insurance has great earning potential, pero dependent sya sa stock market so medyo volatile, BUT in a way, that's still ok pa din naman lalo na if you choose yung less 'risky' na portfolios (although pag less risky, less din ang puedeng ilaki ng money). Pero tama si sis MmyJorayma, ang maganda dun is aside from giving you life insurance coverage while it's in force, meron din syang naiipon na policy fund, which is the investment part nung insurance. :) For as long as updated ang policy, and you don't take any loans on it or withdraw from the value palagi, malaki yung posible nyang ma-earn. The first 2 (or is it just 1) years ata ang pinakamababa ang earning, dahil yung premium payment mo mostly mapupunta sa charges, pero in the course of a couple of years, mas makikita mo na ang earning potential niya. :)

It's best that if you choose an insurance plan, read up on it, or kahit after madiscuss ng agent, magresearch. Don't go for it agad if you were impressed by a presentation. :) And don't be afraid of it,


Title: Re: What po ang stable na Educational Plan?
Post by: trishevil on August 01, 2012, 05:07:19 pm
^I was thinking of getting New Minds from Manulife. Yung tita ko kasi is availing Manu Life..

@ MmmyJorayma - mommy, need your advice po at sa ibang SP moms na may info. Just today, I availed of Caritas Combi Plan (Medical plus may moneyback after 10 years) and Fund Optima of Provident Plans Inc.  Pareho bang pre-need companies sila? First time ko kasi mag-avail ng ganito. Yung mga officemates ko kasi mostly lahat nag-avail ng sa Caritas..yung Fund Optima naman may isa akong officemate na sabay kami nag-avail. May insights po kayo dito?
Title: Re: What po ang stable na Educational Plan?
Post by: mommy irene on August 02, 2012, 11:33:10 am
hi sis

just spoke with a sunlife financial adviser (sister siya ng friend ko).. tama nga na start early para in the future na kailangan na ng mga anak natin OR tayo mismo, may madudukot.. they offer nga variable insurance - kumbaga, not only to secure education ng children natin but for us also when we reach our retirement or illness, may maitatabi or madudukot tayo..

matagal na din kasi ako nag iisip ng magandang insurance company since madami nga ang nagsasara pero i think sunlife naman will protect us.. base sa napag usapan namin, gagawa siya ng program for me kung saan yung amount na kaya at kakayanin ko lang na hulugan ang isesecure ko..

well im looking forward sa next meeting namin para mailatag na niya yung program..

Title: Re: What po ang stable na Educational Plan?
Post by: trishevil on August 02, 2012, 12:45:32 pm
^keep me posted sis..most kasi sa relatives ko naka manulife.
Title: Re: What po ang stable na Educational Plan?
Post by: MmyJorayma on September 05, 2012, 12:19:22 am
First... tama na ngayon pa lang nagpplan na for education ni baby. kasi yung sacrifices natin today, will be a great help in the future...

Second... bago kayo kumuha ng educational plan or pre-need plan ay alamin nyo muna how much ang need nyong target. dahil ang 500K nyo ngayon ay nasa 800K na yan after 10 years.. so be sure, na tama ang target nyo. kasi kahit na may educational plan kayo, baka pang 2 years lang yung pondo nyo. A financial advisor should do this for you, bago kayo bentahan ng pre need plan...

if you want you could email me your kid's age, yrs in college at current tuition fee ng school na gusto mong pasukan niya, at kugn ilang yrs mo gusto pagipunan yung educ niya... then i will give you your target amount for your kid's education.

Third... hanap kayo ng reliable company... you can check out the top 5-10 insurance company in the philipines, then look for an Advisor

Fourth... ask ask ask... wag mahiyang ibigay lahat ng scenario or plan mo sa Advisor mo.. maraming pwedeng savings plan ang maibibigay ng advisor.. this is one way to be financially literate.... at makapagplano ka ng mabuti...

Fifth ... Keep your mind on the Target... at start now!

Hope this helps!
Title: Re: What po ang stable na Educational Plan?
Post by: mrstamby on September 08, 2012, 05:24:41 pm
Mga sis in my personal opinion, educ plans wont really work if yung company na may hawak ay hindi magaling magmanage ng funds.

diba yun yung mga problema ng nagsarang educ plan companies/funds? Hindi sila nakakasabay sa inflation rate at sa tuition fee increase, the reason why pag madami ng nagclaim sa fund, nalulugi na at hindi na nila maaccommodate yung mga magcclaim pa...

If you have heard of variable life, definitely mas maganda yun sa educ plan. It varies nalang sa percentages ng investment mo kung paano mo at nila (fund managers) lalaruin at palalakihin yung pera sa variable plan mo.

Aside from my third year having the old variable life, balak nga din namin ni hubby kumuha nun bago within this year kasi ang laki ng yields ng funds na yun. Sayang kung papalampasin yung oras :)
Title: Re: What po ang stable na Educational Plan?
Post by: MmyJorayma on September 12, 2012, 05:38:01 am
I availed of Caritas Combi Pla. May insights po kayo dito?

Kumuha din ako ng Caritas for my husband..payable for 5 years.. tapos na kame ng bayad, wait na lang namin yung 10th year maturity. Kaya lang na frustrate ako, kasi on the 10th year ay 70% na lang ng money namin yung babalik.. Sayang ang money, kasi di naman namin nagamit yung Medical Benefits kasi may HMO card na kami sa work niya.
Lesson: If you dont need it, dont buy it. Invest it on something else more important. At the time kasi iniisip ko ay investment, hindi ko pa alam non ang Sunlife investment opportunities, nagkamali ako ng lagay ng pera... Kaya ngayon, wait na lang namin mag mature tpos the money that we will get, goes to another investment tool....

Pre need companies means, they offer products na hindi mo pa kaylangan by present date, but on future date. So, i guess pre need companies sila. Magkaiba lang ng linya.. ang Caritas ay more on Medical needs, while Provident ay life or insurance needs.

in addition, Sa pag kaka intindi ko, si Caritas ay similar to HMO like Maxicare,Cocolife,etc, kaya lang individual ang nagppay sa caritas at may money back, yung iba si company where you work at wlang money back guarantee sa person covered. So kung wala kang medical coverage sa current company mo, ok ito. Best to do ay gamitin mo sya para masulit mo ugn binabayad mo...

Fund Optima of Provident Plans Inc - based on sa nabasa ko sa site nila ay pension plan ito. Yes this is a pre-need plan. This is ok din. Just read on the proposal kung how much makukuha mo by the time na kukunin mo na yung money. and check if sufficient ba yun fund pang retirement mo. Before ka magavail ng mga ganito, be sure to know how much you need by that time, baka kainin kasi ng inflation yung money mo at by that time na kukunin mo na, barya na lang sya at hindi niya na masusustain yung fund mo na pang retire..before you know it ubos na yung fund mo...

Good luck mommy and be sure to read you plan details... ill be glad to help...
Title: Re: What po ang stable na Educational Plan?
Post by: MmyJorayma on September 12, 2012, 05:42:27 am
@dmnq

hi mommy. i respect your POV.,
Title: Re: What po ang stable na Educational Plan?
Post by: Mommy Jazz on September 12, 2012, 02:07:39 pm
sa POV ko naman we don´t believe sa mga ganyan we might as well save up ...I´ve also witnessed yung mga kaklase ko dati na may educ plan sa CAP and sobra sobrang problema binigay sa kanila... Mag time deposit na lang ako for them.


There's truth naman talaga sa sinabi ni dmnq. Time deposit works pero maliit at ang bagal ng tubo ng pera. Insurances like Education Plans will make your money grow fast but as with all financial product, risks are higher if you want your money to grow fast. No doubt mas sigurado talaga pag time deposit but then again, depende rin yun sa stability ng bank.
Title: Re: What po ang stable na Educational Plan?
Post by: sweet&spice on September 12, 2012, 02:19:17 pm
@MmyJorayma:  May parang similar plan ba ang Sunlife na counterpart ng Caritas? As it is, baby doesn't have a medical HMO, and neither does our company, masyado kasi kaming maliit to be able to qualify.  I am interested in Caritas-like insurance/HMO, but would like to be informed of other saving opportunities.

Thanks! Pa-share na lang for everybody's advantage.
Title: Re: What po ang stable na Educational Plan?
Post by: MmyJorayma on September 13, 2012, 07:14:25 pm
@MmyJorayma:  May parang similar plan ba ang Sunlife na counterpart ng Caritas? As it is, baby doesn't have a medical HMO, and neither does our company, masyado kasi kaming maliit to be able to qualify.  I am interested in Caritas-like insurance/HMO, but would like to be informed of other saving opportunities.

Thanks! Pa-share na lang for everybody's advantage.

Wala po akong alam na HMO product similar to caritas si Sunlife. Based on my experience, malaking tulong sa family ko yung meron kaming HMO, kasi whenever needed ng checkups and hospitalization, hindi kami naglalabas ng pera, yung mga logistics na lang, like fare, food and others. So kung wala kayong HMO for the family by ur office, caritas is a best option.

Meron product na may kasi critical illness benefit, ibig sabihin, habang insured ka with them tapos nagkaroon ka ng critical illness, meron certain amount na ibibgay sila sayo para pantustos sa gastos mo while nagpapagaling ka... un lang yung alam ko...


Instead of getting an educational plan for my kids, i got them ng tigisang mutual fund account. 5K lang simula ko.. tapos, every month, naghuhulog ako ng 1K or pag may extra money dinadagdagan ko pa... sa target kong 3M in 11 years, kylangan ko ng malaki laking income from investment (based sa computation ko, sa MF may possibility akong kumita ng 10% or more) so im risking on that, para maabot ko yung target ko...

pero syempre, bago ko ginawa un, ininsure ko muna ang sarili ko na katumbas ng target kong amount, para kugn may mangyari sakin, secure yung mga anak ko na makakapag aral sila kahit wala ako...

aside from that, nagiipon din ako ng maliit sa TD at savings account ng banko, pandagdag sa emergency fund ng family...

hope this helps...

Title: Re: What po ang stable na Educational Plan?
Post by: jinggay1679 on September 13, 2012, 08:51:54 pm
I have invested in Flexilink VUL ng Sunlife for the education of my eldest child. Mag 2 years old pa lang si daughter. VUL is a combination of insurance + investment. Yung investment, sa mutual fund din napupunta. Depende na sa iyo kung saang fund (bond, balanced, equity) mo sya iinvest. Ako, sa lahat ng fund ko sya ininvest with certain percentage. Nakapangalan sya sa akin pero for educational purposes sya for my daughter. Yung investment mo, depende kung magkano ang afford mo at kung hanggang kelan mo lang gustong hulugan (ex. 5 years lang). Pwede ka manghingi ng proposal sa kanila. Kaya nga Flexilink kasi flexible yung terms. Ang maganda dito, mas malaki yung returns since investment nga sya and just in case na may mangyari sa iyo sure pa din na makukuha ng anak mo yung ininvest mo kasi insurance din sya. Wala na din syang maturity period kasi pwede mo ng kunin yung total or partial ng pera mo after the last year of your payment. At the same time, pwede ka rin mag withdraw once a year kahit hinuhulugan mo pa yung plan mo.

by next year, kukuhanan ko na din yung 7 month old son ko ng same plan na nakapangalan naman kay husband para tig-isa kami.. :)
Title: Re: What po ang stable na Educational Plan?
Post by: hanne on September 13, 2012, 09:40:02 pm
^ meron din akong flexilink and initially plan ko for retirement money sana yun (since kinuha ko sya wala pa akong baby) pero now i realized pwedeng plan B for my daughter's education nga yun. As mentioned meron din akong plan with Philamlife (ascend ata yung name ng plan), term life with variable investments (balanced funds kinuha ko). 5 years to pay (tapos ko na bayaran) with 18yrs maturity so sakto na nasa college si baby pag pwede ko na ilabas yung whole amount ng investment part. Of course if and when I do that mawawala na yung life insurance or if hinde ko need, I can keep it para continuous pag earn ng investments ko. And just this year nga kumuha ako ng variable plan from generali pilipinas. 5 years to pay, maturity in 16 years (sakto na mag-college ulit si baby who's 10mos old now) and yung returns will be given back over a 4-yr period so parang annual/semestral tuition ang labas.

so far lahat yan plan B since I'm sure naman na as long as may work ako walang problema si baby sa needs niya.  ;D pero mabuti nang handa.
Title: Re: What po ang stable na Educational Plan?
Post by: MmyJorayma on September 15, 2012, 05:42:12 pm
hi mommies... napaka hot topic ng educational plan para sa ating mga parents and this is good  kasi we are aware of our future expenses at habang maaga at may capacity to save ay nappprepare na natin...

here are tips on how you can correctly prepare and plan for your kid's education plan, this is from a Financial advisor's POV:

1. first, know how much the tuition fee of your kid by the time he/she enters college. Remember that this is not the same as the current tuition fee. For my 7 yr old kid, i want him to go to AMA Computer university, currently this year's  t.fee is 57K, when my kid will enter college, that's 11 years more, the tuition fee will be 198K++, wala pang MFee dyan... So more or less, i need 1.5M so i could send him to school. Clearly, 1.5M should be my target educational plan...

2. Start early... I started earning for kid's educational fund since he was 3 yrs old.

3. Diversify... i didn't only put my money in the bank.. i also invested on Mutual Funds and TDs...

4. Don't touch ... i always keep in mind, that the money i put away for my kid's education fund should never be touched for emergency... i set aside a different fund for that.. so that, it will grow after sometime and i can asure my kid of a good education...

Hope this helps...
Title: Re: What po ang stable na Educational Plan?
Post by: mynissi on April 27, 2013, 09:44:07 pm
hi mommies any idea about insular Life for the variable plan?
http://www.surecashforkids.com.ph/
nagpplan na kase ako for my 2-yr old and 1-yr old babies future (educ). di ko alam kukunin and what company. i need suggestions please....
all POVs are highly appreciated! thanks!
Title: Re: What po ang stable na Educational Plan?
Post by: ics on April 29, 2013, 08:27:28 pm
Hi mynissi,

I suggest kumuha ka ng unit-linked product. It's an insurance with investment. Madaming gamit ang insurance kasi. Saka isa pang kagandahan walang tax yung investment mo dahil covered sya ng insurance. May napuntahan akong seminar, they educate people about money management. Dun ko po sya natutunan. Yung mga agent kasi benta lang ng benta hindi ineexplain mabuti kung anong binebenta sayo. Maganda pong makaattend ng mga ganung seminar.
Title: Re: What po ang stable na Educational Plan?
Post by: toughmom moderator on July 11, 2013, 11:04:12 pm
Start saving now. “The cost of college 10 to 15 years from now can be as high as P2.5 million for four years of college,”
With the help of a financial advisor and AXA’s Financial Needs Analysis (FNA) tool, parents can get a better estimate of how much they will need to set aside—and for how long.

(http://www.smartparenting.com.ph/images/site-alpha/articles/smilebaby-web.jpg)
http://www.smartparenting.com.ph/home-living/moneywise/what-to-expect-after-expecting-preparing-for-your-child-s-education
Title: Re: What po ang stable na Educational Plan?
Post by: Mommy Jazz on March 26, 2014, 10:56:44 am
I need your input on this. I was told kasi by a financial adviser na kaya nagpabsakan yung mga educational planse dati because it is under "pre-need plans" and not insurance. Unlike daw pag insurance ang kinuha mo, bumagsak man ang kumpanya, their bonds with Philippine Insurance Commission will be used as a pay-off to policy holders. So that means I should get a type of insurance that can work as an educational plan for me, which I can reap in 17 years.
Tama po ba pagkaka explain sa akin or ang pagkakaintindi ko?
Title: Re: What po ang stable na Educational Plan?
Post by: ysanity on July 07, 2014, 04:58:20 pm
MommyJazz
True sis! My parents got educational plan for my youngest brother sa CAP. And wala kaming nakuha until now. Ask na ni mama ko if pwede pa daw ba kuhanin kahit after 5 years ng graduate yung kapatid ko. Pwede paba?
Before ako napasok sa insurance and investment company, super negative din ako sa mga plans na ganyan. While on training, dun ko narealize yung difference of CAP which is "pre-need" nga, insurance companies and banks like time deposits. Actually real story, sabi ko non kay hubby, mag save kami kahit tig 1k lang monthly then lagay namin sqa envelop, hindi pala.

Pre-need companies like CAP, is not regulated by insurance comission which kaya nalugi ang CAP kasi, wala silang "reserve" na tinatawag yung in times of contingency, may fund na makukuha ang mga tao, Kunwari sa isang buong barangay nasunugan, lahat yun policy holder ng isang company, dapat may more than enough "contingency reserved fund" para maibigay sa policy holders, which yung CAP, walang ganon,  they used their own CAPITAL for the claims ng mga policy holder kaya nalugi.

Time Deposits or Bank Savings, super baba ng return, 2.25% is super aggressive na. Tapos may tendency na nagagalaw natin, tapos sasabihin natin sa sarili natin palitan nalang or punan nalang yung winithraw natin. Parang nag-save ka lang sa sarili mo. With a super minimal interest. Banks are short term needs.

While on Insurance lalo na yung tinatawag na Investment link, ibig sabihin nito, may guaranteed amount ka aside non, naka link sya sa investment depende sa flow ng market. It depends din kasi sa piliin mong fun. Safest or no risk, mababa lang ang return. Pero if you are an aggressive investor, mas mataas risk, mas mataas din ang capital. Some of the well know, stable and reputable insurance company nasa 20-40% average return of rate. So depende talaga. It's a life insurance na naka link sa investment. Hindi lang yung pag na tegi ka saka lang makukuha ng beneficiaries mo, ito, you can withdraw or loan or use as collateral sa bank. Long term naman ang usapan dito. Pwede sya educational, retirement, income protection, wealth accumulation. Kasi it's your money, they will give you what they promised, its up to you when and where to use.

HTH!  :)
Title: Re: What po ang stable na Educational Plan?
Post by: ysanity on August 22, 2014, 02:01:17 pm
Hi, first, kaylangan alamin natin ang difference ng pre-need at insurance company. Ang CAP is a pre-need company. :-) Check the background, stability and products na ino-offer ng bawat company.

In AXA Philippines, we offer Axelerator and AcademicX and Academix Exential designed for your child's future education. Pero hindi lang sya pang education lang talaga. Axelerator is also for retirement. Diba other insurances kaylangan pa kung anong school plan mo pag aralin anak mo then from there, they will compute. Here in AXA, that's your money, kung ano nasa contract mo, yun ang ibibigay sayo, wether sa ganito mo sya pag aralin or sa iba. And not necessarily for tuition fee lang. Ang maganda dito, naka secured and design na future ng anak mo, pero if ever kaylanganin mo sya sa ibang bagay sa panahon na kaylangan mo or sa year na you plan to get it, magagamit mo sya. Depende sa product. And and maganda pa, like the Axelerator and Academix, VUL sya, investment link, aside from the guaranteed sum insured, you are earning dividend depende sa  chosen fund mo. You can invest as low as 1,500 monthly for 5 years.

By the way, AXA is worldwide. No. 16 sa 500 countries around the world.
Title: Re: What po ang stable na Educational Plan?
Post by: mommy_owlz on August 28, 2014, 10:34:59 am
@ysanity - appealing yan ah :)
Title: Re: What po ang stable na Educational Plan?
Post by: ysanity on September 02, 2014, 05:28:13 pm
^not just appealing sis talagang value for money. :-) check also the fund statistics of the insurance companies, they will show you the history and stability of the company. :-) AXA dominates variable products. :-)
Title: Re: What po ang stable na Educational Plan?
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