Comments on: Life Insurance vs. Mutual Fund as Investment

By: Chris

Chris — Wed, 30 Nov 2011 15:26:46 +0000

try 50-50. at any age, you will get the advantage of both. You will earn on both method. No need to choose the best of the two. In investing, just avoid the losers, and stay with the winners and do not forget to diversify.

By: Life Insurance Philippines by Willeus Acuna

Life Insurance Philippines by Willeus Acuna — Sun, 06 Nov 2011 15:17:18 +0000

@Tyrone – I agree with Mark, it’s too cheap. Better review the terms of your insurance policy. It sounds more like accident or term insurance at the rates you mentioned. The first whole life insurance policy I got had a premium of more than P10,000 annually for an insurance coverage of P1,000,000 and that was way back in 1991.

@Ariel – the best time to get insurance is when you are single and don’t have a lot of obligations (e.g. housing loan, monetary support for kids and parents), and while you are still healthy. When you have obligations, it becomes harder to set aside money for your savings, and when you are no longer healthy, the life insurance company will NOT allow you to buy any insurance.

Also, life insurance these days provides LIVING BENEFITS (e.g. it can give you a big chunk of cash in case you get diagnosed with cancer). A mutual fund simply does not provide living benefits.

By: Mark

Mark — Sun, 13 Feb 2011 17:50:25 +0000

Whoa! the premium you got is very cheap considering
the protection you have.

Are you sure its a whole life and not term insurance?

May I know the name of the insurance company and
the product?

Thanks

By: ariel

ariel — Sat, 10 Jul 2010 09:03:43 +0000

hello tyrone,

i’ve readabout the nuances of term life vs mutual funds in some foreign finance books whic htalk of 401k as well. it’s comforting a filipino brought the message home, with excel at hand, i find my hesitance to go for life insurance justified. i’m single and i don’t need the premium.

By: Nia Vongxay

Nia Vongxay — Fri, 14 May 2010 14:00:11 +0000

Simple; you tell them you do 12,000 miles a year and they price the policy at 12,000 miles of high risk. Put your mother on there as a second driver and they assume she will do 3,000 miles.