What can you buy with your Php 50 today?
Savers value meal from your favorite fast food restaurant
Call & text
with data load
If you can afford to buy these, why don’t you consider to get yourself insured? Do you know you can get yourself insurance with investment for the same price of Php 50? You just have to save Php 50 regularly or daily which is equivalent to Php 1,500 per month.
This is through Variable Life Insurance or VUL, a powerful plan that combines protection and wealth accumulation. If you want to know more about VUL, you can read Life Insurance 101.
The truth is, life insurance is not really expensive as many people think. Considering the many benefits it provides to you and your family, it’s the best purchase you can get.
Investment on the other hand, does not require huge capital for you to start especially if it’s in VUL fund. The investment is in the form of mutual funds where you can choose to invest in stocks, bonds or combination of both.
For Php 50/day or Php 1,500/month or P18,000/year, you can avail for yourself a VUL policy.
With life insurance coverage, you can secure the financial future of your family and be protected against life-threatening risks such as premature death, accident and critical illnesses.
With investment, you can grow your money to achieve your life goals such as a comfortable retirement.
It’s important to note, the coverage will vary per age, gender and other factors, of course. You can learn more about factors for life insurance premium in part 1 of Life Insurance 101.
Benefits You Can Get
For you to have a general idea of the benefits of this affordable VUL plan, take a look at the following table of sample proposals:
Product: Sun FlexilinkModes of Payment:
- Annually: Php 18,000
- Semi annually: Php 9,000
- Quarterly: Php 4,500
- Monthly: Php 1,500
- Daily: Php 50
>Non-smoker and standard rate>Maximized insurance coverage>Regular pay – 20 years holiday option*CIB – premium increases every 5 years**Based on conservative 8% return per year
20 yrs old, maleFace AmountPhp 500,000Total Disability Benefitwaiver of premiumAccidental Death, Dismemberment, Disablement BenefitPhp 500,000Critical Illness Benefit*Php 800,000Hospital Income BenefitPhp 1,500/dayProjected Fund Value at age 60**Php 1,172,286
30 yrs old, femaleFace AmountPhp 500,000Total Disability Benefitwaiver of premiumAccidental Death, Dismemberment, Disablement BenefitPhp 500,000Critical Illness Benefit*Php 700,000Hospital Income BenefitPhp 700/dayProjected Fund Value at age 60**Php 664,058
40 years old, maleFace AmountPhp 500,000Total Disability Benefitwaiver of premiumAccidental Death, Dismemberment, Disablement BenefitPhp 400,000Critical Illness Benefit*Php 400,000Hospital Income BenefitPhp 500/dayProjected Fund Value at age 60**Php 421,056
VUL is the best savings tool
A VUL policy can allow you to develop the habit to save. By saving regularly and investing it in the right vehicle, you can build a fund for your long-term life goals (e.g for your retirement). More importantly, while you grow your money, you are secured and safe no matter what happens.
Saving as low as Php 50/day or Php 1,500/month can give you all these benefits. What if you can save more? Then you can avail a higher coverage.
Get yourself insured today
I recommend that you start your VUL policy as soon as possible when you are young, healthy, employed and absent of any health condition to be sure that you are still insurable.
Also, I recommend you to take advantage of time. It is one of the important factors in investing and getting yourself secured. Even if you have little money to save, when you take advantage of time (start early), you can reap great benefits in the future.