Philam Life's Active Health and Invest Plus | EfPrime Financials
Date Updated:
Summary
Here are the things that will be discussed:
Pros and Cons
Life Insurance Coverage
Comprehensive Accident Coverage
Investment for Retirement
Critical Illness Coverage
Health Fund for your Future Health Care needs
Waiver of Premium
Hospitalization Coverage
Philam Vitality
Is this policy for me?
Conclusion
Concept of Investing Explained
Investing is a process in which an investor entrusts his/her hard-earned income into an investment platform for a particular period of time to earn additional income and to recover as well the amount of principal investment.
Investing in a VUL Life insurance is likewise the same as investing in the stock market. However, VUL investment enjoys diversification, meaning, the investment platforms that a VUL insurance uses i.e. PAMI Philam Bond Fund, PAMI Philam Fund, PAMI Philam Strategic Growth Fund, and PAMI Philam Equity Index Fund utilizes multiple underlying assets from equity, bonds, government treasuries, and money market placements. Needless to say, investing in a VUL is a methodology to minimize your capital's exposure to risks as compared to investing in plain stock market companies.
Pros and Cons
You are protecting your family while preparing for your future needs;
Can be your retirement fund
You are insured as long as you have investment balance
Maximized the use of your hard-earned income
Comes with PhP200.00/week or P10,400.00 per year plus coverage boost
You will enjoy peace of mind
You have withdrawable investment in case there comes an emergency
High cost of insurance and lower protection compared to other Philam Life insurances
Life insurance Coverage
If death should happen to the person of the ensured, the beneficiaries are entities to the face amount of the life insurance coverage or the account value (investment) whichever is higher.
Let me show you a sample computation for a single person age 30 years of age.
Life Insurance Coverage P500,000.00
Health and Accident Coverage P500,000.00
Health Fund for HealthCare P500,000.00
Waiver of Premium Yes
Hospitalization Coverage
Daily Hospital Income Benefit P2,000.00/day
Long term hospital benefit P2,000.00/day
Intensive Care Unit benefit P4,000.00/day
Outpatient Treatment Benefit P1,000.00/day
The total cost of insurance is P43,051.21 per year or P3,590.39 per month. You can opt to reduce the amount of insurance by reducing the protection that you enjoy.
By not reducing the said cost of insurance and investment, you will learn later on that what you pay for will also go to your personal investment account. You are protecting your family at the same time as you are protecting your self. Computation is based on a 10% rate of return
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| Source: online.visual-paradigm.com |
As you can see, protektado mo na ang mga mahal mo sa buhay, meron ka pang kumikitang investment. This can be your retirement fund if you successfully finished paying for your life insurance policy. #Sanaoil
Comprehensive Accident Coverage
You are protected against unnecessary expenses caused by accidents. If in case you were involved in an accident, you will get your accident insurance overage. If the accident becomes the cause of death, the insured's beneficiary will get accident insurance coverage plus the amount of life insurance.
Critical illness coverage
The insured is covered against 11 early stages of critical illnesses and 56 critical illnesses. Yes, the complications that can be brought about by COVID 19 such as kidney problems, stroke, heart attack, terminal illness, end-stage lung disease are all included and covered under this life insurance.
Health Fund for your Future Health Care needs
You can build a greater amount of Health Fund if you do a simple technique i.e. top-up. Compare this table with the above and you will realize that you are earning bigger with this simple methodology of investing more money. Computation is based on a 10% rate of return.
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| Source: online.visual-paradigm.com |
Comparing the two (2) tables above, it appears that an investment that has top-up has greater income. The investment with top-up is about P4.8Mn while the investment without top-up is only P2.8Mn, if the investor would have to invest for 30 years.
Waiver of Premium
If in case the insured suffered a critical illness, then the policy is considered fully paid already.
Hospitalization Coverage
This rider is paid to the ensured if in case he/she, unfortunately, is confined in the hospital. Hospitalization Coverage
Daily Hospital Income Benefit P2,000.00/day
Long term hospital benefit P2,000.00/day
Intensive Care Unit benefit P4,000.00/day
Outpatient Treatment Benefit P1,000.00/day
This financial product is why Philam Life leads the market. With this technology, you can convert your physical exercise into PhP200.00 cash reward or its equivalent. Further, Philam Vitality can boost your investment and life insurance coverage by up to 50%. Related: What is Philam Vitality?
Is this policy for me?
If you have a stable job or plenty of savings account, consider transferring your funds from your bank savings account into a more productive investment vehicle called Active Health Invest Plus (AHIP).
Being able to invest in AHIP, you will enjoy having your family protected and at the same time, have an investment that has high growth potential.
How to buy this insurance? Click Here
Request for Life Insurance Quotation
Conclusion
AHIP is one of the most comprehensive life insurance in the life insurance industry. Having this life insurance is complete in itself, your only limit is your capacity to pay. This is life insurance is one of my bestsellers.
Buy this if you have excess liquidity. But if your financial capacity is tight, it might be good if you would choose other life insurance/investment.
Book my services as Financial Advisor.
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Disclaimer
The Author is advising readers to consult with your respective Financial Advisors before venturing in any investments. Investing your money is dependent to your goals and your risk tolerance. You should know the risks and rewards of investing before you actually do the same. The illustrations above are for educational purposes only and any risks or losses that you may incur are imputable to your respective decisions.
The author does not in any way provide a guaranty as to the effectiveness and quality of the products and services that are featured in this blog. The products and services were advertised based on personal experience and product and service reviews that the product/service received.
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