Think about this, Do you REALLY love your family?
• Are you sure you will be able to send your children to college?
• Do you think your SSS or GSIS is enough for your monthly expenses when you retire?
• Do you think your money in the bank can sustain your hospital expenses if you are
diagnosed today with critical illness?
• Who will pay for your loans if incase you are suddenly taken out of the picture?
• Do you have PLAN?
But now, Sun Life introduced a product called Variable Universal Life (VUL). It is a combination of Insurance and Investment, so even you are alive you can enjoy your investment while being protected.
Here are the reasons why we should have a VUL:
- To protect our family in the event of dying, disability and sickness.
- To have assurance that we can support the education of our children.
- We can use this for our retirement.
- To pay our Estate Tax. (see BIR link) (see Sample Computation)
- NOW, while you are still young and working and can afford to pay premiums.
- NOW, while you are still healthy and you don't have critical illness yet. NO insurance company would accept you if you are already sick!
- NOW, our economy is booming. (see report)
- NOW, if you want to retire a millionaire!
This is the TRADITIONAL concept of our life. All our money goes to expenses. When the time we get sick, disabled, died or get old we are not ready. What will happen to you and your family?
This should what we do RIGHT NOW! How about 80% goes to your expenses and the remaining 20% goes to your VUL? Imagine, for just 20% of monthly savings you are assured of your family and your future!
Life insurance maybe an EXPENSE today, but it is creating WEALTH for your family at a DISCOUNT. It is a preparation of "WHAT IF's" in our life. What if times run out? What if critical illness strikes us? What if time stops for you and your children still needs support? What if you retire and still live 'til age 85? What if cash is needed to pay your Estate Tax?
Need help on planning your finances well?
