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Author Topic: What po ang stable na Educational Plan?  (Read 118713 times)

jealousygirl

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Re: What po ang stable na Educational Plan?
« Reply #15 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..
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Lhizlie_81

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Re: What po ang stable na Educational Plan?
« Reply #16 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..
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ysLim

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Re: What po ang stable na Educational Plan?
« Reply #17 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.  :)
« Last Edit: May 03, 2012, 01:25:47 pm by ysLim »
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coolit

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Re: What po ang stable na Educational Plan?
« Reply #18 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. ;)
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hanne

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Re: What po ang stable na Educational Plan?
« Reply #19 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.
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je_anne

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Re: What po ang stable na Educational Plan?
« Reply #20 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.
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Mrs. Anderson

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Re: What po ang stable na Educational Plan?
« Reply #21 on: May 31, 2012, 10:37:41 pm »

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MmyJorayma

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Re: What po ang stable na Educational Plan?
« Reply #22 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

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.
« Last Edit: September 17, 2012, 01:37:18 pm by Mommyjazz »
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KVsmommy

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Re: What po ang stable na Educational Plan?
« Reply #23 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,


trishevil

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Re: What po ang stable na Educational Plan?
« Reply #24 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?
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mommy irene

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Re: What po ang stable na Educational Plan?
« Reply #25 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..

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trishevil

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Re: What po ang stable na Educational Plan?
« Reply #26 on: August 02, 2012, 12:45:32 pm »

^keep me posted sis..most kasi sa relatives ko naka manulife.
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MmyJorayma

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Re: What po ang stable na Educational Plan?
« Reply #27 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!
« Last Edit: September 12, 2012, 02:15:19 pm by Mommyjazz »
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mrstamby

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Re: What po ang stable na Educational Plan?
« Reply #28 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 :)
« Last Edit: September 12, 2012, 02:15:03 pm by Mommyjazz »
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MmyJorayma

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Re: What po ang stable na Educational Plan?
« Reply #29 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...
« Last Edit: September 12, 2012, 01:40:47 pm by Mommyjazz »
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