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Author Topic: What po ang stable na Educational Plan?  (Read 108971 times)

MmyJorayma

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Re: What po ang stable na Educational Plan?
« Reply #30 on: September 12, 2012, 05:42:27 am »

@dmnq

hi mommy. i respect your POV.,
« Last Edit: September 12, 2012, 01:41:18 pm by Mommyjazz »
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Mommy Jazz

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Re: What po ang stable na Educational Plan?
« Reply #31 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.
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sweet&spice

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Re: What po ang stable na Educational Plan?
« Reply #32 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.
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MmyJorayma

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Re: What po ang stable na Educational Plan?
« Reply #33 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...

« Last Edit: September 17, 2012, 01:37:53 pm by Mommyjazz »
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jinggay1679

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Re: What po ang stable na Educational Plan?
« Reply #34 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.. :)
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hanne

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Re: What po ang stable na Educational Plan?
« Reply #35 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.
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MmyJorayma

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Re: What po ang stable na Educational Plan?
« Reply #36 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...
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mynissi

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Re: What po ang stable na Educational Plan?
« Reply #37 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!
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ics

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Re: What po ang stable na Educational Plan?
« Reply #38 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.
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toughmom moderator

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Re: What po ang stable na Educational Plan?
« Reply #39 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/home-living/moneywise/what-to-expect-after-expecting-preparing-for-your-child-s-education
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Mommy Jazz

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Re: What po ang stable na Educational Plan?
« Reply #40 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?
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ysanity

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Re: What po ang stable na Educational Plan?
« Reply #41 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!  :)
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ysanity

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Re: What po ang stable na Educational Plan?
« Reply #42 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.
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mommy_owlz

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Re: What po ang stable na Educational Plan?
« Reply #43 on: August 28, 2014, 10:34:59 am »

@ysanity - appealing yan ah :)
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ysanity

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Re: What po ang stable na Educational Plan?
« Reply #44 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. :-)
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