Cryptocurrencies at Financial Planning

[Dabs]

If all you got was term life, you can always get a new plan. Forfeit nga yung hindi mo na hulugan, pero ok lang just get a new term life plan. If you got something else that was supposed to have some sort of investment or rider, well, yun, wala na. Kaya term life talaga pinaka simplest, at pinaka affordable.

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[Casdinyard]

If all you got was term life, you can always get a new plan. Forfeit nga yung hindi mo na hulugan, pero ok lang just get a new term life plan. If you got something else that was supposed to have some sort of investment or rider, well, yun, wala na. Kaya term life talaga pinaka simplest, at pinaka affordable.

What do you mean in Term Life? Just heard it.

Hoping na gumanda nadin market.

Yeah sana talaga, ang plan ko talaga if ever makakuha ng malaking halaga at after ma reinstate ay bayaran ko na ng annually para less hassle. Nagbabayad din kasi kami ng car plus insurance nun, ang dami talagang bayarin.

Sana talaga mabuhay yung mga turned shitcoins ko. Kailangan ng himala. lol!

[matchi2011]

Bumping this thread to remind us by year 2020 to have a Financial Freedom, to plan our Finances ahead of time. Having a protection for health and for uncertainties. Hindi man mataas na coverage but atleast enough to help us in times of emergency.
Savings for emergency fund, health and for retirement is a must. We might want to include it in our Goals for 2020.

Happy New Year mga Kabayan.

Target ko this year magdagdag ng isa pang plan ung para naman sa wife ko since nagstart na ko ng para sa akin then kung magkakapera pa ulit para naman sa mga anak ko. Mas maganda yung may plano ka at meron kang goal para pagsikapan mo talagang ma achieved. It's best to do plans na para sa ikabubuti ng pamilya mo.

Nice para sayo kabayan,  At mayroong kanang plan.  Ako kasi wala pa e pero siguro kung kumita ako ngayon sa crypto currency e baka mag plano na rin ako kumuha lalo na ngayon may asawa na ako at habang wala pang anak.

Tama yang mentality na yan kabayan kasi pag may anak ka na mas madami ng isipin dapat habang mag asawa pa lang kayo at kung kumikita rin naman yung asawa mo, mag start ka na mag invest planuhin mo na ung kaya ng budget nyo. In long term malaking tulong sya pag natapos mo yung plan pwede mong maging pang puhunan yung pera. Good luck sa inyo.

[Dabs]

What do you mean in Term Life? Just heard it.

Term Life insurance is basic or pure life insurance for a set term, usually 5 or 10 or 15 or 20 years. You pay a small premium, if anything happens to you while you are covered, your beneficiaries get paid.

For something like 50 per month, covered ka ng 500k. So in a year, ang bayad mo is 600. For 10 years, that's only 6k. Pero wala ka makukuha kung healthy ka o buhay ka. It is just insurance. You have peace of mind lang.

Just go to any insurance agent or broker or company and ask about "term life".

Kung meron kang dependents, kung may asawa ka, kung may mga anak ka, eto ang pinaka "required" o "must have" ... anything else is extra expense you don't need.

Hindi kasama dito ang health coverage or mga HMO ... dapat mamatay ka or very serious injury for your beneficiaries to get anything. Yung mga health is like kagaya ng maxicare, blue cross ... madami dyan pwede, sometimes included by your employer if you are working for a bigger company.

[Casdinyard]

~ snip ~

Nice. Ang kinuha ko kasi ay yung VUL, just forgot what it stands for but basically it has life and health insurance kaya siguro medjo mahal. Siguro kaya hindi inooffer ng mga agents yung term life is maliit kasi magiging commission nila? Anyway, I'll ask my agent na rin regarding this. Thanks for the info.

[Dabs]

Tama, kasi pinaka mura yung Term Life, pinaka basic. It is the most "pure" insurance product. So lahat ng lalapitan mo, they will almost never recommend it unless you are not getting anything else. Sales habol nila, so they will always try to upsell you on any other plan or additional services or riders.

I get my health insurance separate from my life insurance, para at least hiwalay sila. It may cost a little bit more, but usually the combined premiums are about the same if I had gotten a combo or bundle deal.

Yung mga meron premium return o investment, you'll have to calculate on your own if it's worth your money or your time to do it separately. Some people don't like to DIY, o walang discipline, o tamad ... kaya pwede na rin kunin ang mga ganyan kung may pambayad naman.

Walang traditional company mag invest sa crypto, so talagang hiwalay yun kung nandito ka na.

[Casdinyard]

~snip~

~snip~

Salamat sa mga inputs nyo and naliwanagan din ako. Maybe my agent didn't explain it to me clearly and besides she just sent the quotation and I just analyze it by myself hahaha. Tbh, Sunlife talaga yung kukunin ko kaso di ko masyadong gusto yung plan at konti lang yung coverage ng plan kaya I end up in Manulife.

[Eternad]

Nice. Ang kinuha ko kasi ay yung VUL, just forgot what it stands for but basically it has life and health insurance kaya siguro medjo mahal. Siguro kaya hindi inooffer ng mga agents yung term life is maliit kasi magiging commission nila? Anyway, I'll ask my agent na rin regarding this. Thanks for the info.

VUL is Variable Unit Linked plan with critical illness, accident, insurance and with investment kaya pricey. It still depend Kung ano anong mga coverage ang kinuha and San mo fund prefer ilagay yung investment. Term plan is pure insurance only. Kung ngiinvest ka naman sa stocks or trading here in crypto then Term Life is enough as a choice, though premium price changes every year or depends in the insurance company na makukunan mo.  Whichever plan we get we should tell in our agent what we need since mag analysis naman sila ng financial needs mo if enough ba yung coverage depende lang sa budget ng client.

Plan ko kumuha ng VUL this month,  since hindi rin naman ako actively trading and investing. More on holding lang ako sa crypto. I read the proposal quotation given to me at nagustuhan ko naman sya. I also inquire for Term Life na explain naman sakin but not recommended ng agent ko and nakukulangan ako since wala pa sa health. Pero will try to inquire din siguro sa mga pure health and will see kung almost same amount lang babayadan ko.

[Wapfika]

Plan ko kumuha ng VUL this month,  since hindi rin naman ako actively trading and investing. More on holding lang ako sa crypto. I read the proposal quotation given to me at nagustuhan ko naman sya. I also inquire for Term Life na explain naman sakin but not recommended ng agent ko and nakukulangan ako since wala pa sa health. Pero will try to inquire din siguro sa mga pure health and will see kung almost same amount lang babayadan ko.

Both ay merong advantage and disadvantage
Term Life: +Mura
pure insurance depende Kung lalagyan ng ibang riders
-renewable with different premium price yearly/or after 5yrs

VUL: - Mahal (depende sa mga coverage na kukunin mo)
+same amount all throughout ng plan mo
May Investment pero depende Kung tingin mo kailangan mo.
Maganda to pandagdag sa retirement dahil hindi ikaw ang may control ng trade. And mapapansin mo lang yung kita mo sa long run.

Both naman have insurance magdedepende talaga yan sa budget mo at sa needs mo. Try  na basahin po ang mga previous reply. Sir Dabs explains Kung bat prefer nya ang Term.

[Experia]

Plan ko kumuha ng VUL this month,  since hindi rin naman ako actively trading and investing. More on holding lang ako sa crypto. I read the proposal quotation given to me at nagustuhan ko naman sya. I also inquire for Term Life na explain naman sakin but not recommended ng agent ko and nakukulangan ako since wala pa sa health. Pero will try to inquire din siguro sa mga pure health and will see kung almost same amount lang babayadan ko.

Both ay merong advantage and disadvantage
Term Life: +Mura
pure insurance depende Kung lalagyan ng ibang riders
-renewable with different premium price yearly/or after 5yrs

VUL: - Mahal (depende sa mga coverage na kukunin mo)
+same amount all throughout ng plan mo
May Investment pero depende Kung tingin mo kailangan mo.
Maganda to pandagdag sa retirement dahil hindi ikaw ang may control ng trade. And mapapansin mo lang yung kita mo sa long run.

Both naman have insurance magdedepende talaga yan sa budget mo at sa needs mo. Try  na basahin po ang mga previous reply. Sir Dabs explains Kung bat prefer nya ang Term.

Depende din sa edad yan bro at state ng katawan, at mas gusto ko ang VUL compare sa ibang plans, 1600 lang ang plan ko kaya hindi mabigat at continuos lang after 5 years so pwede mo pang palakihin ang pwede mong makuha. Pero still naka depende naman yan sa needs mo.

[Casdinyard]

Depende din sa edad yan bro at state ng katawan, at mas gusto ko ang VUL compare sa ibang plans, 1600 lang ang plan ko kaya hindi mabigat at continuos lang after 5 years so pwede mo pang palakihin ang pwede mong makuha. Pero still naka depende naman yan sa needs mo.

Ang mura naman ng monthly mo, 1600 then just 5 years? I know usually 10 years ang minimum then it depends parin sa age mo diba? Anyway, anong company ka kumuha?

[Dabs]

Also, you can get more than one policy from more than one company. Pwede ka kumuha ng VUL sa isa, then Term sa iba ... they might ask if you are already insured, and you can always say you want additional coverage from a different company. Sometimes they don't even ask, kasi you are going to pay the premium anyway.

Ngayon, meron kwento na insurance scam artist, nag pa insure sa isang dozenang life insurance company. Nagbayad. Umabot ng 1 or 2 years. Then namatay.

So, si misis, naka kuha ng milyon milyon ... let's say 1 million bawat company, so binigyan sya ng 12 milyon total. Dollars ha, hindi Pesos.

3 years later, nahuli ng private investigator na buhay pa pala si mister, iba na muka, iba na haircut, iba lahat, pero positively identified na sya nga. Nahuli sa isang boat, sa ibang lugar.

Nakulong, kasi ginamit ang katawan ng ibang tao sa fake death o fake accident.

Alam na ng mga companies ito, so wag na subukan.

[Wapfika]

Depende din sa edad yan bro at state ng katawan, at mas gusto ko ang VUL compare sa ibang plans, 1600 lang ang plan ko kaya hindi mabigat at continuos lang after 5 years so pwede mo pang palakihin ang pwede mong makuha. Pero still naka depende naman yan sa needs mo.

Ang baba nga ng plan mo, are you aware na once nafinull withdrawal mo ang fund mo, terminated na din ang insurance mo, even limited pay na 5yrs dapat may fund parin na iiwan ka to keep you insured since dun kukuha ng mga charges fee kapag dikana ng bayad or after 5yrs.

Ngayon, meron kwento na insurance scam artist, nag pa insure sa isang dozenang life insurance company. Nagbayad. Umabot ng 1 or 2 years. Then namatay.

Sobrang talino no. Patay talaga ang pinalabas since kapag wala pang 2yrs ang plan pwede sila ideny Kung health issue ang sa sabihin nila since pasok pa sa contestability period. Kaya patay ginawa, baka may nag report kaya na buko. Or since May mga Underwriter and agency force of investigation ang group of insurance company kaya nadedetect.

[abel1337]

Also, you can get more than one policy from more than one company. Pwede ka kumuha ng VUL sa isa, then Term sa iba ... they might ask if you are already insured, and you can always say you want additional coverage from a different company. Sometimes they don't even ask, kasi you are going to pay the premium anyway.

Ngayon, meron kwento na insurance scam artist, nag pa insure sa isang dozenang life insurance company. Nagbayad. Umabot ng 1 or 2 years. Then namatay.

So, si misis, naka kuha ng milyon milyon ... let's say 1 million bawat company, so binigyan sya ng 12 milyon total. Dollars ha, hindi Pesos.

3 years later, nahuli ng private investigator na buhay pa pala si mister, iba na muka, iba na haircut, iba lahat, pero positively identified na sya nga. Nahuli sa isang boat, sa ibang lugar.

Nakulong, kasi ginamit ang katawan ng ibang tao sa fake death o fake accident.

Alam na ng mga companies ito, so wag na subukan.

Napaka tindi naman ng scam scheme nito, Laking pera na nakulimbat nung dalawa sa modus na ginawa nila. Sigurado nag background check ang insurance company sa records nung lalake then natagpuan nila na sobrang dami niyang subscription sa insurance company, Kahit sino maghihinala pag ganon.

Magaling din yung private investigator kasi natrace niya pa at nahuli niya even though maraming modification ang ginawa nung lalake para lang maka takas sa scheme na ginawa nila.

[Casdinyard]

~snip~

Karma really did exists.
Well, they should still be thankful na kahit 3 years na enjoy nila yung pera na nakuha nila kaso walang sekreto na hindi nabubunyag.

Pero bakit kaya sa dami ng nakuha nilang pera hindi man lang naisipan mag pa plastic surgery ng mas maayos yung tipong hindi sya maidentified? O sadyang sobrang galing lang ng private investigator?

This just show may mga tao talagang greedy sa pera at handang manloko, I wonder if they still got a good sleep.

[AbuBhakar]

~snip~

Karma really did exists.
Well, they should still be thankful na kahit 3 years na enjoy nila yung pera na nakuha nila kaso walang sekreto na hindi nabubunyag.

Pero bakit kaya sa dami ng nakuha nilang pera hindi man lang naisipan mag pa plastic surgery ng mas maayos yung tipong hindi sya maidentified? O sadyang sobrang galing lang ng private investigator?

This just show may mga tao talagang greedy sa pera at handang manloko, I wonder if they still got a good sleep.

This just show too na magaling din magdetect ang mga insurance company kaya wag tayo basta basta mangloko madami din silang connection from different offices. Mahirap isipin na nag plastic surgery kapag may katawang pinakita. Kala ko sa mga pelikula lang pwede ang mga ganitong scenario.

[matchi2011]

Also, you can get more than one policy from more than one company. Pwede ka kumuha ng VUL sa isa, then Term sa iba ... they might ask if you are already insured, and you can always say you want additional coverage from a different company. Sometimes they don't even ask, kasi you are going to pay the premium anyway.

Ngayon, meron kwento na insurance scam artist, nag pa insure sa isang dozenang life insurance company. Nagbayad. Umabot ng 1 or 2 years. Then namatay.

So, si misis, naka kuha ng milyon milyon ... let's say 1 million bawat company, so binigyan sya ng 12 milyon total. Dollars ha, hindi Pesos.

3 years later, nahuli ng private investigator na buhay pa pala si mister, iba na muka, iba na haircut, iba lahat, pero positively identified na sya nga. Nahuli sa isang boat, sa ibang lugar.

Nakulong, kasi ginamit ang katawan ng ibang tao sa fake death o fake accident.

Alam na ng mga companies ito, so wag na subukan.

Napaka tindi naman ng scam scheme nito, Laking pera na nakulimbat nung dalawa sa modus na ginawa nila. Sigurado nag background check ang insurance company sa records nung lalake then natagpuan nila na sobrang dami niyang subscription sa insurance company, Kahit sino maghihinala pag ganon.

Magaling din yung private investigator kasi natrace niya pa at nahuli niya even though maraming modification ang ginawa nung lalake para lang maka takas sa scheme na ginawa nila.

Pagdating sa pera syempre mautak din ang mga business owners and konting hinala lang na makita nila talagang iimbistigahan nila yan para makita kung ano yung totoo. Akala ko sa dati sa pelikula lang nangyayari yung ganitong attempt in real life pala meron malakas ang loob at sumubok siguro for a while na enjoy nila pero sa kinalaunan hindi na kasi kulungan ang bagsak nila.

[Dabs]

Lumang kwento na ito.. I think sa Reader's Digest ko pa nabasa. I'm sure it's happened more than once at meron mga episode sa Crime series o Forensic Files o mga ganun TV shows.

Pag mga ganyan style, dapat cut all attachments and lipat ng ibang bansa ... eh hindi, so meron trail. Huli sila.

I think meron pa mga ibang kwento na similar. Someone is still going to try the same thing in the future.


In my case, ako insured, pag namatay ako, meron makukuha pamilya ko. Hindi sobra, but enough for them to live for a few years. Maybe. Not enough for them to all retire and do nothing, but enough so that they can continue their lives until they can stand up on their own.

Yan ang purpose ng life insurance. Mababayaran ang future education and needs nila, makaka pag schooling o college o something. But mauubos din and they will have to continue on their own.

Remember that 1 or 2 million pesos isn't enough to retire and not work for the next 30 years, unless your standard of living or lifestyle is very low or very cheap. I'm insured for more than that, but by my calculations it's just enough money for my family to survive about 5 to 10 years without working or earning any other income.

So ang dapat gawen nila is to continue to live, meron financial tulong dahil namatay ako, but continue.

[blockman]

Grabe naman yang kwento na yan Dabs akala ko sa movies lang nagaganap yung ganyan pero mukhang masyadong malaking bagay at importante para sa ibang bansa talaga kapag ang usapan ay insurance. Meron din naman akong napanood lang sa facebook, yung mismong asawa niyang babae ipapapatay mister niya para daw sa insurance at iba pang mga benefits. Ang kaso nahuli yung babae ng dash cam sa mismong sasakyan at narecord yung conversation sa hired killer na isa rin palang agent.

[Savemore]

Also, you can get more than one policy from more than one company. Pwede ka kumuha ng VUL sa isa, then Term sa iba ... they might ask if you are already insured, and you can always say you want additional coverage from a different company. Sometimes they don't even ask, kasi you are going to pay the premium anyway.

Ngayon, meron kwento na insurance scam artist, nag pa insure sa isang dozenang life insurance company. Nagbayad. Umabot ng 1 or 2 years. Then namatay.

So, si misis, naka kuha ng milyon milyon ... let's say 1 million bawat company, so binigyan sya ng 12 milyon total. Dollars ha, hindi Pesos.

3 years later, nahuli ng private investigator na buhay pa pala si mister, iba na muka, iba na haircut, iba lahat, pero positively identified na sya nga. Nahuli sa isang boat, sa ibang lugar.

Nakulong, kasi ginamit ang katawan ng ibang tao sa fake death o fake accident.

Alam na ng mga companies ito, so wag na subukan.

Napaka tindi naman ng scam scheme nito, Laking pera na nakulimbat nung dalawa sa modus na ginawa nila. Sigurado nag background check ang insurance company sa records nung lalake then natagpuan nila na sobrang dami niyang subscription sa insurance company, Kahit sino maghihinala pag ganon.

Magaling din yung private investigator kasi natrace niya pa at nahuli niya even though maraming modification ang ginawa nung lalake para lang maka takas sa scheme na ginawa nila.

Pagdating sa pera syempre mautak din ang mga business owners and konting hinala lang na makita nila talagang iimbistigahan nila yan para makita kung ano yung totoo. Akala ko sa dati sa pelikula lang nangyayari yung ganitong attempt in real life pala meron malakas ang loob at sumubok siguro for a while na enjoy nila pero sa kinalaunan hindi na kasi kulungan ang bagsak nila.

Kaya naman hanggang bata pa tayo dapat mag acquire na tayo ng real assets na makakapag bigay saatin ng passive income. I do not like job security, ang gusto ko ay mga assets na mag bubuo saakin ng wealth. Sa katunayan ako ay nag sisimula na mag invest sa ibat ibang investment vehicle like sa stockmarket, real estate at syempre sa cryptocurrencies pero ang cryptocurrencies kasi ay ma coconsider na speculative asset dahil sa high volatility.