First of all, I want to let you know that this is not a sponsored post. I will talk about the investment plan that I recently got. Adulting 101 na nga ang peg natin ngayon. I received kasi a lot of questions and inquiries about the AXA investment that I posted in Instagram a couple of days back. I decided to make a blog entry about it so I can answer all your questions at one time.
Ever since Patty passed, I’ve been very praning. Life is very short. Just recently, someone my age discovered that she has stage 2 breast cancer. Hindi mo talaga alam ano ang pwedeng mangyari sayo. We do not know what life will bring us. The best that we can do is to be prepared.
First and foremost, I learned from a lot of my friend who have already “adulted” (hehe) that putting your savings in a bank is just one step. How much is the bank interest nowadays? Less than 1%. Tulog ang money niyo sa bank if you put it all there. It is better if you find ways how to invest your money. There are some of them who are maalam in doing stocks. Dun sila nag-iinvest. Wala akong alam diyan so Wowa got me a long term investment where the money that is placed with them will be invested by that institution in different stocks. Hinayaan ko na lang ang pagdecide where to invest sa mga professional stock investors. They know better. The ROI is in long term pa. Equity funds yata ang tawag nila dun. At least, hindi tulog ang money in the bank. Nag-eearn siya more.
And I would like to add, do you guys know that when your bank knows that you died, they will not release your money agad agad to your family? The money in your bank will be subject to estate tax which is malaki din ata. But if you invest your money with an insurance company, your beneficiaries can withdraw it right away upon presentation of your death certificate. Kasama pa daw diyan lahat ng kinita ng money mo plus all the benefits.
Second, I feel that we need health and death investments. I learned that one chemotherapy session costs Php 120,000! Punyeta yan. Mauuna ka pang mamatay sa stress kakaisip san mo kukunin ang pambayad kaysa sa cancer. I wish our government has health benefits for us. In Canada, they shoulder all expenses ng may sakit nila in the best health care facilites. Sadly, it’s not the same here in our country so we really need to prepare.
Since Wowa already got one na for me (but from a different company), I got this plan for Anika from AXA.
For around Php 3,700 a month:
- Anika will have a money in their managed funds. After 10 years, there will be a substantial savings under her name. The value of that will depend how well the stock market will do in the next years. After that period of time, we can either decide to withdraw it to be used for her college fund or let it continue to grow with AXA.
- Anika will also have health coverage for minor and critical conditions up to Php 500,000. Parang as I understand it, the Php 500,000 is consumable. You can withdraw from it ng pakonti-konti or as the need arises lang.
- In the event something happens to Anika (knock on wood), she is insured for Php 1,000,000. Though if iisipin mo, aanhin mo yang pera if wala na naman sila di ba? It wouldn’t matter. Kasama lang din siya sa package that’s why I got it. But if you get this plan for yourself, when you die, your family will get something. The money will never replace you in their lives but I think that will be a big help for them.
What sold me to this package is that when I die in the next 10 years, AXA will continue the Php 3,700 a month na hulog until the 10th year. hala na si Anika to decide what she will do with the money. Everything also that is included in the package will also be there, the death insurance and the health insurance.
Pwede na di ba?
The next package naman that I will get is for Alvin.
Alvin is one of those old school people who do not want to think about or plan stuff when they die. Ayaw daw nila pagusapan. Ang morbid daw kasi. Hindi na pwede yang ganyan ngayon. May family na kami. Morbid na kung morbid but this will all be for Anika naman. So whether he likes it or not, I will get one for him.
I asked Pineda if she or another financial adviser can give a talk about this somewhere and thankfully, she said yes. Do you guys want to come? You can even bring your Php 3,700 on that day so you can avail of it already if you like na. Pero no strings attached daw if you attend. More on for your information lahat itey. Makiki-kinig din ako. You can attend then decide later on.
Let me know if you want to attend. It will be on May 7, 2017 at Cable Car Makati (it’s along Pasay Road) at 2pm. I will be there kasi I will get Alvin’s plan. They can only accommodate up to 20 pax muna so first come, first served. Please comment below if you are attending ha?
See you there!