talk about investments
By jazel_juan
@jazel_juan (15746)
Philippines
October 29, 2012 2:35am CST
One thing i really like about my husband's sister in law is that she is quite good in investments and businesses.
Last Friday, i got the chance to hang out with her again and ( yes she was also the one who told my brother in law to give me the phone lol) she told me about the investment and insurance plan she got. She told me she got one insurance scheme from PhilamLife that has investments involved in it. If there is one insurance company she trusts that would be Philamlife, her father died last February and after a month the insurance payment arrived on time..they got around 1.6M for it.. which they were able to re-invest again this time.
Her lady friend who offers the insurance was there and she explained me, i like it as it was flexi, you can either want the insurance bigger or the investment bigger which also you can withdraw in due time.. i am thinking of getting it after she shows me her proposal for me as it all depends on the age. My hubby's sister-in-law told me to really get it for my husband too.. which we might as we know she means well and wants to help us.. she also helped my hubby with some investments too and hubby is psyched about it..
i wonder if anyone here does that too? do you plan like how she or i plan? or do you have regrets in some investments?
1 person likes this
4 responses
@jaiho2009 (39141)
• Philippines
29 Oct 12
Yes, oh yes- remember the CAP Educational plan 
I only got half of my investment :xxxx
I only got half of my investment :xxxx@jazel_juan (15746)
• Philippines
29 Oct 12
oh yes i was able to ask that from someone in Insurance Commission and they said that pre-need companies like CAP really went down it was hard to monitor them.. and while life companies like Philam are still stable and doing quite good.. peopel do have misconceptions on this one.
@jaiho2009 (39141)
• Philippines
29 Oct 12
It's hard to trust insurance companies nowadays :(
But I do not condemned all companies.
1 person likes this
@sigeboss (116)
• Philippines
29 Oct 12
there's a very big difference between pre-need vs life insurance companies.
cap and prudential plans were good at the start. That was when the government still regulated the schools and allow only a maximum of 10% in tuition increase per year. However, when the government lift the regulation, tuition fees are soaring very high... so high that fund growth of cap or prudential plans can no longer cope with. and the main problem with pre-need? their policies are open-ended. meaning, they will have to pay whatever the tuition will be.
Life insurance, on the other hand, are very stable companies. Even in the Philippines, as you can see, leading insurance companies are already more than 100 years in existence and still going strong! liabilities of life insurance is fixed, unlike pre-need that's open-ended. so if you're insured for Php 1Million, you'll get 1Million. period. their liability is not affected by inflation or whatever factors.
You'll never go wrong if you'll invest in life insurance companies!
1 person likes this
@thesids (22180)
• Bhubaneswar, India
29 Oct 12
I dont have enough for investing in stuff like these. Even if I had, I would not as my friends and acquaintances have lost more than what they made of them. yes, life Insurance is good but what is the point if you dont get any money until you die
By the time, I felt and was told I should invest in Medical ones, I already had been ill and so they wont accept me any more.
By the time, I felt and was told I should invest in Medical ones, I already had been ill and so they wont accept me any more.1 person likes this
@jazel_juan (15746)
• Philippines
29 Oct 12
That is the point for me my friend, i may die and my kids will still have better future.. i am getting the insurance not for myself but for my kids.. plus it has investment options too, even if i am alive, i could get portions of that money and use it. I am still 28 and its maturity if 10 years by that time i am still 38 and i guess i could get the investment money by that time and get to enjoy life.
@jazel_juan (15746)
• Philippines
30 Oct 12
Yes i believe so, but then if i would be single i would not be thinking of this as well my friend, i am thinking of these stuff because of my kids
@Sir_bobby88 (8231)
• Singapore
29 Oct 12
All i can say is, if you are going to invest dun regret if it does not earn money and always try to save some money before investing. So a monthly investment plan is a very good tactics for long term investment.
1 person likes this
@jazel_juan (15746)
• Philippines
30 Oct 12
Yup i know the consequences but i am hopeful this one will be quite good.
@surekharathi (14146)
• India
29 Oct 12
ohhh investment I afraid from this because whenever I invest the money in anything like shares I lost the money. Last year I invest my 10000 Rs. on Reliance share and share price is down and I lost my money. I know if knowledgeable person investing their money then they gain earn more. My husband also not interested to invest the money in any business. I think insurance policy is the best way to invest the money.
1 person likes this
@jazel_juan (15746)
• Philippines
30 Oct 12
i do not go for shares / stocks because it is volatile.. i go for insurance and other deposits like treasuries..
