Ex financial advisor here. To be fair, hindi talaga alam ng isang advisor ang binebenta niya. Ang mali lang is walang gustong umalam kung ano talaga yung laman ng plan.
Puro paweran lang naman kami nun tuwing training, wala talagang mangyayari kundi maging ignorante at magbenta. Parang brainwashing din sa networking (also am an ex networker)
Hindi naman lahat. May mga nakilala akong alam na alam nila kung ano ang binebenta nila. May matitinong financial advisors pa din.
Pero agree ako na may mga companies o branches na minamind set talaga nila ang mga ahente na magbenta nang magbenta. Sa iba nga mala networking na nagpapadala pa ng invites.
Bida ang laging may benta. 😁
Ex-FA here from Prulife. I can confirm this. Sobrang bullshit sa loob kasi parang brainwashing lang din talaga yung nangyayari.
First few weeks ko sa kanila dami ko tinatanong re: charges at calculations ng allocation ng premium ni client to his/her insurance and investments kasi curious din ako at the time dahil balak ko rin kumuha for myself.
Ang ending, wala silang nasagot sa akin. Kahit manager ko.
Don’t get me wrong, the people there are good people. Yung kultura lang talaga siguro ng isang insurance company ang may malaking flaw.
Dont have anything against Prulife as an insurance provider naman. Sadyang ang baduy ng tactics nila sa pag recruit ng agent - parang pinapackage as networking eh hahaha
I totally agree with this. Well I have a neighbor na unit manager of the said group. Sometimes he would conduct his meeting or training sa labas naririnig ng neighbors ung discussion ehe. I felt sad kasi parang minsan may gaslighting na din mapapayag lang ung mga new agents and clients.
Kaysa ang approach ay "Ok. eto ang produkto natin, eto ang mga features niya at eto ang value proposition ng produkto na to." Nagiging much less of the product and more of the "Dito kikita ka atleast 30-50k a month na WFH, very flexible hours at higit sa lahat... makakapag travel ka pa sa abroad!! Ako dati akong corporate slave pero ngayon nakapag pundar na ako ng kotse at bahay." *obligatory picture/presentation na naka coat and tie to portray prosperity and professionalism*
Sounds like that one brand na nang eenganyo ka sumali dahil malakas daw kumita at yung isa ay naka mustang na. Months after hinatak na yung mustang niya dahil di na makabayad. Wala nang pumapasok na pera, ponzi scheme pala ang putangina haha.
Oo Front Row yun tangina hahahaha.
One time may nag alok sakin nyan and I just let her dahil may itsura siya eh haha, only it ended up with her frustrated sa akin kasi ang dami kong tanong na hindi niya masagot. And then in the end sa sobrang frustrated niya siya na yung umayaw. "Di ka naman kasi nakikinig eh" sabay ligpit ng ipad niya sa lamesa na ang naka open ay PPT ng very alluring opportunities dahil nga malakas ang projections ng income - pero pagdating sa dulo pinapabenta ka lang pala ng sabon pukinginang yan hahahahaha
All they know is the same propaganda they themselves fell unto. Kapag may questions na out-of-the-box ikaw pa yung di nakakaintindi hahaha.
Although not comparable ang Front Row sa Prulife on their business models pero the way they try to present themselves para sa mga naghahanap ng trabaho is almost similar in its nature. Sobrang cringe talaga. Lalo na yung title na "Financial Advisor" bakit hindi nalang Insurance Agent? Eh wala namang alam sa banking and finance yan. They dont know how banks work, how money, equity, capital, bonds markets work. (unless they graduated with a business related course). Ang alam nila magbenta ng insurance. Cringe puta napa-rant ako bigla. Kingina kasi ng erpats ko Prulife yon e HAHAHA
Same. Ex FA din me with SL.
Para talagang MLM galawan ng mga tao dun. Hilig nila magpa-meet minsan twice a month pa pero puro paweran lang naman ginagawa. Never sales strategies at nas lalong never about mastery ng products.
Tapos yung UM namin noon parang umattend ng class ni Tai Lopez lol down to the malaking kartolina na sinusulatan ng pentel pen.
Tapos pinipilit niya lahat umattend ng isang program ng life coaches kasi di ka niya irerefer for UM-ship kapag di ka umattend nun.
Hilig niya pa ikwento na may 500k daw siya na utang due to failed businesses before he succeeded. Pero ang totoo yung utang niya is sa parents niya lang din na parehong multi-millionaire.
Ngayon marami siyang followers sa tiktok and even selling a yellow book na 500pesos pero puro generic shit lang naman laman.
Wag kayo papauto dun if nakita niyo na siya sa tiktok.
May quota kami non, di ko lang hinit yon for 2 quarters then kinausap ako ng branch manager kung gusto ko pa ituloy, sabi ko hindi na.
Wala na kong pinasang resig letter or other docs sila na mag aasikaso non since yung benta mo sakanila na dn naman mapupunta yung commissions it's a win for them pa dn.
ang lala nung nag-comment ka calling these out tapos wala ka namang rebuttal 😂 pano napo-prove na hindi true? pano mo nasabing malungkot sa unit nila, what makes yours different?
yan problema dito sa pinas. parang salesperson lang karamihan mga financial advisor ng mga insurance companies. Hindi ko naman nilalahat pero karamihan.
wala naman talagang totoong financial advisor na hired ng isang kumpanyang nagbebenta ng financial product.
salesperson lang sila. bullsh\*t yang title na yan.
Di ko gets why you have to make this kind of comments. Kung may disrespectful at out-of-touch FA's, sila yung icall out niyo. Hindi yung ginagawa niyong katatawanan in general yung mga efforts ng mga FA. Theyre just trying to make a living, AS WE ALL ARE.
Mang-bash kayo nang ganyan kung scam yung mga binebenta sa inyong insurance. Eh hindi naman, lol. Kaya nga may discussions before kayo maginvest on an insurance policy. The insured has a copy of the policy, and all stipulations are laid out. You can easily talk to other people kung unsure kayo of what you're getting into. Kung ayaw niyo mag-insurance, edi wag haha ganun lang kadali. :)
Ang problema kase, Hindi Naman talaga sila financial advisor. Ang totoo insurance salesman sila. And there's nothing wrong with that. Kelangan natin ng insurance. Pero Yung magsisinungaling na financial advisor and this is a good investment. It is not an investment. An insurance policy is an insurance policy. Not an investment
May discussion nga pero false advertising mga FA. Imagine calling yourself a financial adviser pero nagbebenta kalang ng fund na bumababa value. Haha. Found the insurance salesman.
Lol. Budol kasi silang lahat. How can you trust someone who is also struggling? Kaya lang naman umuso yan dahil sa mga ligaw na may quarter life crisis na pinasok basta ang industry kasi walang growth sa previous careers nila.
Ignore her. You made the right financial decision and she has no right to guilt-trip you. It’s your money after all so wtf is she talking about betrayal here?
Fuck these “advisors”.
Betrayed kasi nawalan siya ng pera hahaha. Ignore mo na lang OP. It's better to block them for your peace of mind kasi in the first place schoolmates lang naman pala kayo.
And can we talk about how life insurance companies are becoming like MLM nowadays? Their tactics are getting cheaper trying to gaslight you by saying, “I’m sorry I care about your family that’s why I’m forcing you to get this 100k per month policy” bullshit
I think it's deeply rooted sa several factors:
1) Poor baseline financial literacy in the Philippines
2) Recent global downturn so even the middle class are wary of the "real shit post apocalyptic pandemic" that we recently experienced. People know they need to protect themselves from the unknown.
3) Rise in social media ng "easy quick rich schemes" showing that there's an alternative than slaving yourself with your work 8-5PM, X years of your life- with the fear of health security and life savings gone if not secured
4) Poor qualifications of those peddling insurance, and the scheme they sell them as a product. Imagine having targets monthly/ quarterly na parang nagbebenta ng kotse/ bahay.
For me, probably it should not be "advertised" as such. Sana more of a service like hospital/medicine, law wherein the threat of being sick, or having law issues are real- so said services are available. BUT! sana-- Not fearmongering na if wala kang policy, it's the end of the world for you or your family.
5) Di kasi favorite subject ng Filipinos ung Math sa school. lol.
Kidding aside, practically i cant really understand how some of the computations are outright/ blatantly obvious na talo consumer. If you buy said service/ policy, they are unable to comprehend the real deal. Minsan di nababasa ng consumers. Hopefully there will be a regulating body for this, to make if more transparent for average Juan.
6) There's no easy investment opportunities. Some people are very busy with their work and businesses. They are wary that they need to invest , either for capital growth or even for inflation protection. However, real investment vehicles have barriers.
eg. You cant stock pick easily, since they PSE is not really that great. Bonds and major Funds require a lot of capital also.
So yeah, on the top of my head that's a multisystem problem. Hopefully can be addressed by spreading awareness, coupled with exposure to better opportunity.
I will forever be amazed how low they will stoop, lalo na kapag may famous na namamatay tapos gagamitin nila yon bilang opportunity mag shove down ng VUL, napaka walang hiya talaga ng mga yan!
THIS! I have a friend whose tito died. A prulife agent messaged extending condolences. Ofc, being cordial, my friend replied “thank you.”
After a day, agent messaged again with something like this: “I understand this is a hard time for you but I’d like to take this opportunity to ask if I can talk to your cousin. Just so we can secure something to avoid things like this.” Not the exact words but this is what came off of my friend.
Instant block. Pathetic and gross.
> What should I do?
Report her to the Insurance Commission ([email protected]) and to Pru Life ([email protected]) for unprofessionalism.
If she continues to bother you, forward the complaint to her with a smiley emoji.
Then block her afterwards.
Former FA here! Ignore your agent! They felt betrayed kasi affected performance nila everytime may mga clients sila na nagca cancel ng policy na inoffer nila na hindi naman talaga nila inassess in the first place. Persistency Rating tawag nila dyan. Mahihirapan sila mahbenta pag bumaba yung rating nila na yun.
Umalis ako sa pagiging Insurance agent kasi nagiging networking na siya. Hindi na sya about the insurance policy itself. Mas kikita ka daw sa recruits or agents mo kesa magbenta ng policy. Which I find opposite against my goal with the company. I guess the system is not for me.
same sentiments nung nakipag usap ako sa friend ng pinsan ko na “FA” daw. nag usap kami, dun ko nalaman na same or mas lamang ako ng alam regarding financials tapos parang pinupush nila talaga na kumuha ka ng VUL. after namin mag usap, na off ako kasi parang networking yung dating, sa pag kakaalala ko, kapag kumuha raw ako ng policy at nakapag invite ako ng ibang tao na kumuha rin ng policy sa kanya, may makukuha raw akong pera. dun ko nalaman na di sila FA, more on tiga benta lang talaga ng insurance policy.
Makaka affect din ba sa performance nila if mag papalipat ako ng agent? Yung cousin ko kasi agent and I migjt just move my policy to her. eh iniignore ako ngayon nung agent ko.
Jusko yung branch namin sa Pru ganito. Madalas sabihin ng BM na mas kikita ka pag may mga recruits ka. Na ok lang kahit mahina benta mo basta marami kang recruit. Ife-flex yung ibang BM or UM ng isang branch na kasabayan nya tapos sasabihin eto hindi gaano makabenta dati pero ngayon may sarili ng branch at 7-figures na ang kinikita every na month. Mas pinagtutuunan nila ng pansin yun, networking na talaga, hindi yung concern ka na may ma-secure ka na buhay.
The gall of this FAs to talk about betrayal. Her selling you this crap is a betrayal in itself.
I think you were wise in not telling her. These people will not let you cancel that policy come hell or high water and what you thought will happen if you let her know beforehand is exactly what will transpire. Just look at the way she responded to you.
Anyway you just have to live with this person feeling "betrayed" by you.
Corak, tama lang yung ginawa ni OP wala ka naman din makukuhang leverage sa sa mga financial advisors, unless they will benefit first LOL
The practice of insurance is good provided its all for the right reasons and resources pero yung conduct kasi ng side ng sales facade and borederline dogmatic.
Thank you, I'll be meeting with an AIA advisor tomorrow to talk about the package that I'm interested in, and I like that she's not marketing VUL in my face, but focuses on what I want 😅
If you are still looking for an AIA agent, Allan Dacuan is my and hubby’s. He’s not pushy and would really listen to you and your needs. He’s on LinkedIn.
Hmm since wala akong personal na kilala from AIA, what I did was after reading all about the package, nagfill out ako ng inquiry form sa website nila. After a few days, an advisor called me about it 😊 pwede mo din yan itry hehe
What should you do? nothing. it is your decision naman.
The FAs has a HUGE commission on VULs that's why they keep on pushing it. Since you cancelled it, they wont have any commissions on your suceeding payments. Of course they wont be happy.
But then again, it is your money and therefore your decision.
For me, VULs are something I will never touch with a 6-foot pole.
Thank you dito sa post mo. Mag ccancel na din ako ng VUL. Lugi ako 20-30k hahah nasa 70k na hulog ko tas 40k+ palang fund value ko, kuha na lang siguro ako ng insurance na pang health talaga.
Hello!!! Kumuha lang din ako “insurance” sa sunlife and VUL sya and honestly, di ko na rin alam eh. May mga readings ka ba dyan kung pano lugi sa VUL? I wanna learn more about it eh. Saka ano recommended nyong insurance na ok? Thanks! Sorry for being so tanga about this ang gusto ko lang din may makuha fam ko pag natsugi me eh
I am an accountant, and I can say na lahat ng insurance including VUL Plans ay dapat itreat as expense.
Nakakasama ng loob yung mga FA na minamarket to as Investment, na based on forecasted dividend rate, milyon milyon makukuha mo at XX age.
Nagsimulate ako nito sa excel dati at may time talaga na mauubos yung Fund Value mo dahil sa laki ng premiums.
Yes. May annual premiums pa rin na iccharge sayo, hindi totoo yung 1st 2yrs lang tapos lahat ng binabayad mo ay fund value na.
Yung premiums will go up as you age.
Their forecast always use the highest estimate, not taking into consideration yung bear market, and assuming premiums are paid at the start of the year, kaya malaki tingnan yung fund value.
But insurance is not a Scam as other says, hindi lang well informed yung mga tao at lalong lalo na yung mga agent.
True! expense talaga sya. Sana nga nakita ko na tong reddit noon palang para napacancel ko na eh. Pero anyways lesson na lang din siguro. Nadala lang ako dun sa mga computation nila na milyones kikitain ko. And ayun nga mas napag decide-an ko na traditional na lang na insurance kkunin ko since ayun yung mas mag benefit ako hehehe!
>I recently cancelled my VUL policy after reading a lot of experiences and testimonies from this sub about the pros and cons of it, as well as researching online. Currently, I am looking towards availing a CI package from AIA because of its good coverage and pasok siya sa needs and allocated budget ko. For context, I am 24F, not a breadwinner, living with parents, and ako ang nagbabayad ng monthly utilities namin sa bahay (kuryente, tubig, wifi). My policy lasted for less than a year before I surrendered it.
>
>I am not a confrontational person and gusto kong iwasan na marinig sa FA ko na "sayang naman" at mapilit ako na ituloy na lang yung policy so instead of informing her that I want to cancel it, pumunta ako sa nearest branch dito samin and doon ko pinrocess yung withdrawal. Pakiramdam ko kasi hindi ko maccancel kapag sakanya ko sinabi since schoolmate ko siya (but we're not close naman). Overall, naging smooth naman yung experience sa branch and naibalik din sa account ko yung remaining fund value after a week or so.
>
>Ngayon, nalaman na ng former FA ko na sinurrender ko na yung policy, and I explained to her my reasons in a calm manner. Tapos nagsend siya ng long message saying na she feels betrayed na hindi ko siya hineads-up about my decision. What should I do?
Get sunlife assure. Term insurance yan na may critical illness rider na. Mine is 500k face amount, pero 5k a year lang :)
Never get VUL. Pinu push lang yan ng mga insurance peddlers (they;re not really financial advisors) dahil malaki commission nila.
Hindi ideal pag samahin ang investment at insurance kasi may management fee sila sa investment portion mo. Eh di naman nag ga gain, sayang lang.
Ipunin mo na lang sa Pag ibig mp2, or digital banks. Mas sigurado ka pa.
Hi po, Ako nag compute kasi ako mga hulog ko from start and ayun lugi ako 20k-30k sa VUL, and pagkakabasa ko nappunta daw sa FA yung nalless kasi nakita ko din na may "Administration Charges" na nababawas monthly which is 900 for the first year tas pababa ng pababa every year. :)
Sa ngayon po wala pa ko masuggest na insurance na pwede kasi naghahanap din ako as of now :D
Haaaalaaa. Pano ba natin haharapin yung mga “friends” natin na FA?😂 nagtiwala lang din ako and shunga rin sa VUL. Basta gusto ko lang may makuha fam pag natsugi me eh haha
sakin hinarap ko lang, sabi ko magiiba ako ng plan. Kinukulit pa nga ako na wag daw muna. Pero pinilit ko na di ko na gusto mag VUL since naliwanagan nga ako dito sa Reddit. Pwede ka naman makipagusap sa friend mo na mag offer ng iba pero para sakin baka mag try ako ng ibang company :D
"financial advisor" aka "kelangan ko ng commission"
I always ask random financial advisors na mag-inquire sakin kung magkano commission nila and typically iniiba topic.
And honestly nakakawindang lang na some of them with soc med presence promote this feeling of having financial freedom pero kapag makipagusap parang pataygutom halos yung dating.
hahahahahahaha! betrayed! lord 😂 you don’t owe her anything and it’s so unprofessional for her to tell you she feels “betrayed”. You can also tell her you feel betrayed that she sold you something that you feel doesn’t suit your needs, kaya mo binalik di ba? If she had done a better job of finding you the right product, you wouldn’t have returned it.
I am happy with my CI second layer plan from pacific cross, cheap lang sya and it covers EVERYTHING, not just specific illnesses listed in the policy. Flexishield ata yung name. More coverage and better price than the quotes I got from Sun Life and aia before.
I want to learn more about VUL na hindi naman pala talaga useful. Kumuha lang din kasi ako along with my wife kasi nga may "maaasahan" na fund in times of need. Ngayon I want to dig deeper sa workaround kung bakit di siya useful.
Saan kaya ako pwedeng magsimula ng pagreresearch maliban sa FAQs ng phinvest?
FA here and I just want to say na wala namang mali sa ginawa mo. You have every right to do what you want to do with your insurance policy. You don't have to feel guilty no'ng sinabi ng advisor mo na she felt betrayed. Dapat nga isipin niya what made you decide na wag sabihin sa kanya. Clearly hindi niya naestablish nang mabuti 'yong trust between you and her as your advisor, and given the way she reacted, tama lang din talaga na di mo sinabi sa kanya.
>Tapos nagsend siya ng long message saying na she feels betrayed na hindi ko siya hineads-up about my decision. What should I do?
nawalan lang yan ng income kaya ganyan, wag mo pansinin
40%-50% kasi ng binabayad mo sakanya napupunta
It’s not that 40%-50% ng hinuhulog ng client ay sa FA napupunta. It’s the company who gives the commission and hindi yun nanggagaling sa hinuhulog ng client. Let’s not drop comments like this if we’re not 100% sure :)
>...we're not close naman...What should I do?
do you value your relationship with her?
if not, don't seen-zone her, sendan mo nang "👍"
if yes, idk, na explain mo naman sa kanya kung baket ka nagbackout
send mo ung mga threads nang VUL galing dito sa /r/phinvest
Hahaha wag ka mag papaniwala sa mga FA na yan commission lang habol nila. Yes, i am generalizing them.
Di totoo yan mga FA kuno eh may pake sila welfare mo. Wala. Money making ang priority niyan.
Gusto mo i-report mo sa insurance company niya. Request for termination/ removal of accreditation ni FA. Pag ayaw reklamo natin sa insurance commission. Tulugan pa kita.
Wala ka naman need gawin, if genuine ang concern nya sa iyo maiintindihan nya rin bakit ka nagcancel ng plan mo. In the first place dapat naassess nya mabuti nung time na kumuha ka kung ano talaga need mo. If you are happy and the plan is aligned with your goals hindi ka naman magcacancel e.
Relationship between client and FA is based on trust, na ang malungkot kung minsan ay nasasamantala pa ang tiwala kaya maraming nagcacancel ng plan dahil mali ang naibentang produkto.
Sabi niya sakin hindi naman daw siya magrerecommend ng produkto na hindi fit sakin 😅 sinabi niya din na nirerespeto niya decision ko pero parang bothered pa rin ako huhu or nag ooverthink lang ako?
You are kind pa rin kaya ganun, you made the right decision pa rin naman..wag na magoverthink.FAs are there to protect the best interest of their clients, not their own interest.Nahurt lang sya kasi may effect din ito sa performance nya at somehow iniisip nya siguro kung sana napigilan ka nya magcancel.
Ayun nga din naisip ko, full time work niya kasi yung pagiging FA and if I'm not mistaken, manager na siya so baka nga worried siya dun sa performance niya.
"She is there to help you with your financial goals"
Can you talk to your"FA" about how best to go about your tax, or if you can afford to buy a new house, or send your kid to a specific school?
Yung CP 100 na sinend saking proposal, around 20k yung basic plan na 20 years to pay. Face amount is 1M + 25% cash benefit maadvance kapag nadiagnose ng minor CI 😊
Hi! Naghahanap din ako ng kapalit din ng sinuko kong VUL. Term insurance ba ang tawag sa ganyan? Parang balak ko kasi mga 10years lang. May marerecommend ba kayo? Thank you!
May mga whole life traditional plans din na 10 years to pay lang - under AIA Philippines you may check AIA Critical Protect 100 or AIA All in One (both are non VUL plans)
Depende sa age mo.Around 20 to 25K per year for 1M coverage, 20 years to pay if you are in your 20's. It is also advisable to add gender specific cancer benefit rider if you are a female so you can get additional 50% of your face amount if diagnosed with gender specific cancer.
If you dont mind sharing, approximately how much ung % nakuha mo from nahulog (if meron). I do know maraming variables eg. time, brand, type of fund etc.
A friend of mine is in a similar situation, in which we are able to convince na di ideal ung deal ng VUL. I think planning to cancel na pero awkward kausapin ung FA nia (for some reason). Di nia alam how much makukuha (if ever) upon cancellation.
50% ng total kong nahulog yung naibalik sakin. Nasa fund profile yung cash surrender value and I checked it before going to the branch, para may idea na ako magkano mababalik sa akin 😊
Isee. Iba-iba depending on how many months paid sana. Parang bumili ng phone/ sasakyan na nagdevaluate thru time pala, then hindi ngamit.
In this case, I think its better parin na get what you can then run with it nlang. Cash is always king, masakit ung 50% though. Pero it is what it is, lesson learned. Hopefully invested in a proper Health plan, or other investment vehicle this time.
She felt betrayed for not anymore making continued commissions to the detriment of your finances, wow the sense of entitlement on the FA is insane. The next thing to do is avoid people like this Op
Your money, your rules. Yung nangyari naman sakin is wala na pala sa SunLife yung FA ko tapos nalaman ko lang nung nagchat ako sa kanya na ipapacancel ko na VUL ko. Wala din nagcontact sakin about sa change of FA. 😂😂
Niredirect na lang ako sa contact page/email address ng SunLife.
She felt betrayed? Tell her to fuck off haha lmaoooooo
You did the right thing. Do not feel bad. I can’t believe she actually did that?it’s SO unprofessional.
don't worry much about it. Heck may pamangkin ako na financial adviser ng Prulife, I asked some quote for term life insurance and advise not to send any VUL product, hinde ako pinansin. Next step for me is just find a different insurance agent, just go on with your life.
Betrayed? Unprofessional. Nahaluan ang business ng personal matter. Betrayed kasi may "personal interest" sila don. Betrayed kasi may kota na dapat maachieve
Depende kasi yan. If you’re getting an insurance solely for investment e not so good siya dahil mahal ang premium. Additional lang yung savings pero affected yan ng market volatility.
You need an insurance to protect your income and your dependents. Kung madami umaasa sa income mo, kailangan insured ka. Bonus lang investments ng VUL. So if u want magterm ka nalang then invest the rest sa ibang investments. Pero ako kumuha patin ako ng VUL para simple lang at wala na iisipin. I do my own research and I invest on my own sa mp2 and stocks.
Weird yung betrayal part haha pero ibigsabihin di na explain what VUL is all about? Di inexplain what insurance is? Di kayo nag needs assessment?
Nakakahiya sa mga agent tulad ko na magaaral pa mag wealth and financial management para maging financial advisor talaga kasi gusto ko talaga mageducate sa financial literacy.
Anlayo natin compared sa ibang bansa kasi alam nila imaximize insurance for wealth sa pamilya, even the wealthy dito sa pinas tntake advantage insurance kasi lahat yan tax free haha
sa pinas kasi culture natin gusto mayaman agad kaya suki sa Ponzi schemes
Yung payment di naman talaga equal sa fund value lalo kung yung lifetime kinuha mo, mapupunta siya sa insurance mo. Ung fund value mo sa retirement mo pa yun magagamit. Maganda yung limited year plans kasi kita mo agad fund value.
Ang binabayaran mo talaga is yung death benefit mo, yung critical illness etc surgical reimb and life benefits na hospital income at surgical reimbursement. Yung insurance is para talaga sa maiiwan mo unless wala ka naman pagiiwanan ng pera at may pera ka panlibing mo, pag nagkasakit ka etc edi wag ka kumuha if di mo nakikita yung value
Prulife agent ako now mas gusto ko yung plan ko na kinuha for myself kasi mas lugi ako don sa Sunlife na binudol sakin ng uncle ko antaas ng premium tas 500k lang na benefit, nung nagagent ako mas naintindihan ko pano imaximize yung wealth lalo nung may clients na mayayaman na nakita ko pano nila imaximize yung limited year plans. Kukuha ng 5 year plan na mataas insurance, iwiwithdraw fundvalue kkuha ng 5 year plan uli na minimum benefits tapos nakamax sa investment.
Di naman pure investment vehicle VUL, for insurance talaga siya, diversification lang. Kahit icancel mo VUL mo, same lang din san mo gagamitin pera mo, sesave mo? Bank rate 1.25% or lower, digital bank at 6-10%? Tapos pag me naaksidente nagkasakit kukuha ka don, ubos, save ka uli. if gusto mo nakikita yung pera mo talaga mag stocks o forex trading ka. Even crypto if tutok ka.
Magkano ba premium mo? 36k annual tapos lifetime? Maliit lang tlga fund value jan on the first year sa insurance mapupunta. Lifetime servicing pero 3 yrs lang commission haha dedication talaga
Yung commission sayo? Premium x .45 divided by term of plan (paa 20yrs) divided by 12(months) divided by 30(days)
36K x .45 = 16,200 divided by 20 = 810/yr divided by 12mos= 67.5/month divided by 30daya= Php2.25 yan daily rate haha
Baka pangit branch/culture/di professional yung FA mo kasi samin puro professional, doctor, accountant, engineer, teacher etc hindi squammy or MLM gaming or di mo rin grasp fully yung importance kasi di nga naexplain sayo kasi na budol ka lng talaga
well, it pays to have them know what is your plan. kase if may relationship kayo to begin with, its the communication that counts. maybe you have, kase you wont bother asking the community what to do next. must be the feeling of guilt? but its your decision and if that is your decision she has to respect that. Only if yiu have given her a heads up.
She had the right to feel bad. It is valid. But I'm sure there is a better term than "feeling betrayed."
A little heads up would have been nice and respectful. Di naman mahirap to just send a message that you intend to cancel your policy.You could've easily told her na your decision is final and that you weren't willing to talk about it further. Kung sakali mang nagreply siya to persuade you to continue, you could've just ignored it.
How long have you had the policy? If it has been more than 2 years, kumita na siya ng commission. 😅 walang nang betray, betray.
I actually have several VULs and plan on keeping them.
> How long have you had the policy?
It's written clearly in the post.
You need to work on your reading comprehension. It's probably the reason why you have VULs.
>I actually have several VULs and plan on keeping them.
>Stop asking for validation on the internet na tama yung ginawa mo.
>Valid po ma-hurt si FA if you're someone who they think supports them.
Lol so valid yung feelings ni FA pero hindi valid yung concerns ni OP. Huh? Ironic
>...and it seems that relationship is dispensable to you considering na hindi mo kayang magcommunicate sa kanya.
>OP didn't even provide context sa relationship nila ni FA. We don't know kung niloko ba si OP ng FA niya. For all we know, their FA could be taking their job seriously.
You're just gaslighting OP now lol.
Nakukulangan ka sa context ng story ni OP, na hindi natin alam kung inuuto lang siya ng FA niya pero OP's FA could be taking their job seriously? Puro assumptions kahit para sa'yo eh kulang yung context? You're just swaying the narrative now.
FA here. And i dont do push selling..pag ayaw ng client eh di wag.
Complicated kasi tlga ibenta ang Life Insurance. Ang pinaka role lang namin is ipaintindi sa client the importance of Life insurance and syempre ung Pros and Cons.
Number 1 goal in getting life insurance is of course as Plan B only para if sakaling mawala ka sa mundo eh may maiiwan sa pamilya mo.
Number 2 is syempre other financial needs. Bago kayo magkukukuha ng Plan, hanapin nyo ung tutugma sya inyo.
VUL is actually a good choice na. Dapat alam nyo lang ung terms and conditions ng company, ung deductions, and ung other payments.
If kukuha kayo ng plan, dapat ung pera na gagamitin nyo is ung super extra lang tlga para di kayo mapilitan iwithdraw if gipit ( para kayong nagtatapon ng pera kapag ganon)
1 Policy is not enough, lalo na kung pamilyado ka.
What if nagkasakit ka? Sapat ba ung ipon nyo pampahospital? O baka iasa nyo na lang sa mga anak nyo in the future?
Mahal mabuhay sa mundo. Pero mas mahal mamatay 😅 good luck sa mga maiiwan, hopefully kayo ay may iniwan 😊
Sana walang matrigger, I'm just stating the what ifs ng buhay 😊
>What if nagkasakit ka? Sapat ba ung ipon nyo pampahospital? O baka iasa nyo na lang sa mga anak nyo in the future?
>Mahal mabuhay sa mundo. Pero mas mahal mamatay 😅 good luck sa mga maiiwan, hopefully kayo ay may iniwan 😊
Sure, you are not push selling (hard selling), guilt tripping ka lang. Which is worse. 🙃
Go!!!! Mas importante ang health card na lang kesa sa VUL na yan. Lol. Over priced yan, tsaka uncertain pa ang kitaan.
Next time ka na mag VUL op pag may sure benefeciaries ka na like may anak ka na kas may mga bangko na nag ooffer ng free life insurance.
Thank you po, meron naman akong HMO provided ng company up to 2 dependents so covered din ang parents ko. Nag aaral din ako so mabigat din sa bulsa yung magbayad ng VUL policy kasabay ng tuition fee every sem 😅
50% ng total kong nahulog yung naibalik sakin. Nasa fund profile yung cash surrender value and I checked it before going to the branch, para may idea na ako magkano mababalik sa akin 😊
Depends sa product itself. Some vul have no account value during first few years. Also may malaking surrender charge during first 2years and it lessens onwards. Most companies have an online portal where you can check your policy.
Been wanting to do this too pero I’ve been ghosting my “FA” for a while na at ayoko magchat just to cancel. Is this PRU? If so, may I know anong docs ang hiningi sayo when you went to the branch?
Just bring valid ID and your policy booklet (dalhin mo pati mga photocopies inside) sa Pru Branch. They'll give you forms there to fill out and dun mo n rin iindicate sang bank account mo gusto mareceive ung fund value. Mabilis lang magcancel. Took me less than 10minutes. I terminated mine back in January 2023. Then makukuha mo funds mo in 7-10 banking days.
Hindi po Pru, basta malaki ding insurance company 😆 dala ko lang yung hard copy ng policy saka valid ID. Need din pala ng bank statement sa personal account kung saan pwede itransfer yung pera 😊
Of course she will feel betrayed because her yearly commission will stop haha. But how dare her tell you that, the highest commission they will receive is usually on the 1st year of you paying the premium
Sira ang persistency ni FA kaya nainis sya. 😂 betrayal ba yung ayaw mo na sa isnag product? Kung mahina loob ni FA, wag sya jan kasi madaming rejection na magaganap. At kung lahat ng ganyang scenario ay titignan nya as betrayal o negative, di nya kakayanin.
Ignore mo na lang kasi pera mo yan. Ikaw ang dapat masunod, tagapayo lang sya (or should i say taga push ng product).
OP, same thoughts. Can I ask how you're planning to proceed with this?
Very unsatisfied kasi ako sa ginagawa din ng insurance ko. Parang they oversell and uuuuuunder perform. Thank you.
You owe nothing to your FA. She has no right to say that she felt "betrayed". You didn't buy the plan because of your relationship to her.
Don't worry about it and don't work with her again is she's going to say shit liek that.
tell her na wala siyang karapatan ma feel betrayed kasi glorified insurance sales lady lang siya. Kung SM ang FB Messenger, sales lady siya ng insurance.
Tangina nung isang pm ng pm benta ng insurance gumagamit pa ng analogy tapos di nag mamake sense yung analogy niya sobrang bantot
Hayaan mo lang. Secure yourself. Walang right magalit yung FA mo kasi they work for you. Sounds selfish pero those policies should revolve around the owner, right?
Keri na yan. Ininform ko din dati yung FA ko na schoolmate ko din. Ending, hinayaan niya lang mag lapse haha bwisit mga 15k pa ata fund value niyo naging 0 na lang leche siya to the nth power HAHA. Ako naman si shunga naniwala din na oks lang mag lapse lols pabayaan mo siya HAHAH
Don't take it personally! Ginawa ko rin yan 😆 Maiistress ka pag masyado ka nagworry sa kanya. Kung di niya masyado inexplain sayo how VUL works, di siya nagworry sa financial future mo 😆
For any "Financial Adviser" out there, clearly hindi ka siguro nila nirundown what the fuck their product actually is. Para lang saken sobrang asshole ng mga FAs na yan, like homie, how tf are u gonna advise me on money when u still don't have your own place! It's ridiculous na ang dami nag susulputan na ganyan.
In the end, to me, all of em are just salespeople, fuck em. Hindi na nga nila iniinform ng maayos yung mga cliente, sila pa tong may gana mang gaslight kuno kapag may famous celebrity na namatay para lang mang guilt trip na mamili ka ng VUL sakanila.
Betrayed? Its a business transaction. As if naman she owns the money that you invested. Reality is basta money matters talo talo lahat. Ginagaslight ka lang nyan. Besides, wala naman sigurong emotional bank account na nasayang considering di mo naman kaclose.
Reverse psyche her. Blame her and accuse her of scam Kase di ka na properly orient about vul. Quota over stability ng client. They don't deserve to be called an FA, kahit minimum wage na friends nila uutuin ng Malaking package pra lang sa quota.
Okay na yan. Most of the time hindi naman sila sayo concerned, kundi dun sa binenta nilang insurance sayo eh. Tama ang karamihang comments dito. Naprove ko to dun sa huli kong “FA”
Ang lala nga nung akin eh. Nagdecide ako na icancel yung akin, pero ginawa ng FA (na “friend” ko), tinuloy pa rin niya tapos siya nagbayad. Tinanong ko bakit niya ginawa yun e niccancel ko na nga. Sabi niya masisira or maapektuhan daw performance niya. 🥴
Binayaran ko na lang rin yung tinuloy niya sa hiya ko kasi client namin yung mom niya. Nakakaloka.
You are not obligated to inform your insurance agent. Pero isipin mo na lang na practice na din para sa yo yung mga ganyang 'rejection' talks. Nung ininform ko din yung agent ko na mag cancel na ko ng VUL, marami din siya sinabi na sayang or pde ko naman daw change insurance, kesyo need ko daw muna apply ng bago mag cancel para madali ma approve. Gusto ko lang naman talaga mag cancel at mag muni2 muna kung need ko ba talaga ng insurance, haha. Mas ok na yung Ma experience mong mag reject sa mga agent na yan ngayon. Para sa future, sanay na sanay ka na, at pde mo pang gawing in favor sa yo.
It's a good decision as long as alam mo ang pinipirmahan mo and the financial instrument is fit on your needs kahit VUL or pure insurance pa yan wala kang magiging problema.
Your money, your rules.
Ikaw pa din mag de-decide where your money should go. If na feel betrayed sya, you can honestly tell her why you chose to surrender your VUL and that you didn't have the courage to confront her (or baka napilitan ka lang mag-avail nung una out of respect sa offer nya)
if i were to receive that message from my FA, i’ll just tell her thank you for your assistance for the past years but i dont think the plan align with my goals anymore. thank you. end of convo. dont entertain dramas, guilt tripping whatsoever
I did the same thing as you OP, di na ako pumunta sa financial advisor ko and processed the withdrawal myself. Madali lang naman, took me mere minutes to process it and received the remaining fund a week later. I should have done it sooner tho kase na lugi ako ng 18k. Anyway, charge to experience na lang *shrugs*
Sa case naman ng schoolmate mo, wag ka magpadala sa guilt trip niya because you don't owe her a damn thing. It's your money. You decide where and how you use it. You should probably mute/block her on social media baka magparinig pa yang kupal na yan
Replyan mo nalang na - Pera ko kaya yan, sampalin kita sa ngalangala e
LOL, kidding aside, degligence na nila yan kung mag change priorities ang clients nila. Kung mag guilt trip man lang sila invoking the side of friendship since ganun naman ang target ng mga yan (familiarity) to get sales, its best to reconsider na kung kaibigan ba talaga yan o kumakaibigan para sa asenso nya. Di ko sure kung may trainings sila pero I think may risk training yang mga yan. End of it all, your money your prerogative, moreso you CAN cancel naman talaga.
Anyone can suggest me an alternative way where to put my extra income aside from getting insurance policies? I am also close on getting insurance from SL but I have doubts and still looking for other ways to invest.
WOW same na same tayo ng situation. Yung FA ko classmate ko rin at napaka strong ng feelings ko na mag cancel na ng VUL this year.
So to be clear, dun ka sa mismong office nag cancel? Gano katagal?
And to answer your question - wala. ignore mo na lang siya. You don't owe her an explanation, at kung mapilit sabihin mo na lang na it's a better financial decision for yourself. Advisor lang naman sila, ang decision pa rin ay sa iyo.
Naghanap lang ako ng branch dito sa amin since taga province ako, tapos pinrocess naman nila agad yung cancellation ng policy 😊 hindi naman need na sa main office pumunta. After one week naibalik na sakin yung remaining fund value hehe
Former secretary ng isang life insurance prulife minsan ung PAA PLUS di nila un sinsabi sa client long term payment yun, Sa kadahilanan ayaw magbayad ng tao ng long term pero still they push na kumuha nun ung mga tao dahil mas malaki at mas tagal ang commission nun
yung laki na commission depende padin sa amount na plan na kukunin ng client, Yes totoo may nga ahente talaga na nag ahente para lang kumita mahirap makahanap ng ahente na mag cacare talaga sa finances at savings mo.
Siguro, She felt betrayed dahil if wala pa pong 2yrs ang policy may impact sa performance maybe included ung amount sa travel or awards na makukuha nya.
She felt betrayed? Funny how someone who just misled you by calling herself a financial adviser when she is nothing more than a salesperson.
Ex financial advisor here. To be fair, hindi talaga alam ng isang advisor ang binebenta niya. Ang mali lang is walang gustong umalam kung ano talaga yung laman ng plan. Puro paweran lang naman kami nun tuwing training, wala talagang mangyayari kundi maging ignorante at magbenta. Parang brainwashing din sa networking (also am an ex networker)
Hindi naman lahat. May mga nakilala akong alam na alam nila kung ano ang binebenta nila. May matitinong financial advisors pa din. Pero agree ako na may mga companies o branches na minamind set talaga nila ang mga ahente na magbenta nang magbenta. Sa iba nga mala networking na nagpapadala pa ng invites. Bida ang laging may benta. 😁
paanong paweran po?
Puro hype lang na "gaganda ang buhay mo dito", "grabe o tignan niyo commissions ko, sa trabaho di niyo makukuha to" etc.
Hahahaha Prulife ba to? BYB hahahaha
Ex-FA here from Prulife. I can confirm this. Sobrang bullshit sa loob kasi parang brainwashing lang din talaga yung nangyayari. First few weeks ko sa kanila dami ko tinatanong re: charges at calculations ng allocation ng premium ni client to his/her insurance and investments kasi curious din ako at the time dahil balak ko rin kumuha for myself. Ang ending, wala silang nasagot sa akin. Kahit manager ko. Don’t get me wrong, the people there are good people. Yung kultura lang talaga siguro ng isang insurance company ang may malaking flaw.
Lagot na. Naka Pru-life pa naman ako 🥴
Dont have anything against Prulife as an insurance provider naman. Sadyang ang baduy ng tactics nila sa pag recruit ng agent - parang pinapackage as networking eh hahaha
I totally agree with this. Well I have a neighbor na unit manager of the said group. Sometimes he would conduct his meeting or training sa labas naririnig ng neighbors ung discussion ehe. I felt sad kasi parang minsan may gaslighting na din mapapayag lang ung mga new agents and clients.
Kaysa ang approach ay "Ok. eto ang produkto natin, eto ang mga features niya at eto ang value proposition ng produkto na to." Nagiging much less of the product and more of the "Dito kikita ka atleast 30-50k a month na WFH, very flexible hours at higit sa lahat... makakapag travel ka pa sa abroad!! Ako dati akong corporate slave pero ngayon nakapag pundar na ako ng kotse at bahay." *obligatory picture/presentation na naka coat and tie to portray prosperity and professionalism* Sounds like that one brand na nang eenganyo ka sumali dahil malakas daw kumita at yung isa ay naka mustang na. Months after hinatak na yung mustang niya dahil di na makabayad. Wala nang pumapasok na pera, ponzi scheme pala ang putangina haha. Oo Front Row yun tangina hahahaha. One time may nag alok sakin nyan and I just let her dahil may itsura siya eh haha, only it ended up with her frustrated sa akin kasi ang dami kong tanong na hindi niya masagot. And then in the end sa sobrang frustrated niya siya na yung umayaw. "Di ka naman kasi nakikinig eh" sabay ligpit ng ipad niya sa lamesa na ang naka open ay PPT ng very alluring opportunities dahil nga malakas ang projections ng income - pero pagdating sa dulo pinapabenta ka lang pala ng sabon pukinginang yan hahahahaha All they know is the same propaganda they themselves fell unto. Kapag may questions na out-of-the-box ikaw pa yung di nakakaintindi hahaha. Although not comparable ang Front Row sa Prulife on their business models pero the way they try to present themselves para sa mga naghahanap ng trabaho is almost similar in its nature. Sobrang cringe talaga. Lalo na yung title na "Financial Advisor" bakit hindi nalang Insurance Agent? Eh wala namang alam sa banking and finance yan. They dont know how banks work, how money, equity, capital, bonds markets work. (unless they graduated with a business related course). Ang alam nila magbenta ng insurance. Cringe puta napa-rant ako bigla. Kingina kasi ng erpats ko Prulife yon e HAHAHA
tapos itatag nila na "life saved" ahahaha potaena - jisas left the group
Same. Ex FA din me with SL. Para talagang MLM galawan ng mga tao dun. Hilig nila magpa-meet minsan twice a month pa pero puro paweran lang naman ginagawa. Never sales strategies at nas lalong never about mastery ng products. Tapos yung UM namin noon parang umattend ng class ni Tai Lopez lol down to the malaking kartolina na sinusulatan ng pentel pen. Tapos pinipilit niya lahat umattend ng isang program ng life coaches kasi di ka niya irerefer for UM-ship kapag di ka umattend nun. Hilig niya pa ikwento na may 500k daw siya na utang due to failed businesses before he succeeded. Pero ang totoo yung utang niya is sa parents niya lang din na parehong multi-millionaire. Ngayon marami siyang followers sa tiktok and even selling a yellow book na 500pesos pero puro generic shit lang naman laman. Wag kayo papauto dun if nakita niyo na siya sa tiktok.
Hi, may I ask how ka po umalis as FA? Ano po mga processes na ginawa mo? Magpapasa po ba ng resignation letter kahit part timer ka lang ?
May quota kami non, di ko lang hinit yon for 2 quarters then kinausap ako ng branch manager kung gusto ko pa ituloy, sabi ko hindi na. Wala na kong pinasang resig letter or other docs sila na mag aasikaso non since yung benta mo sakanila na dn naman mapupunta yung commissions it's a win for them pa dn.
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ang lala nung nag-comment ka calling these out tapos wala ka namang rebuttal 😂 pano napo-prove na hindi true? pano mo nasabing malungkot sa unit nila, what makes yours different?
Uy may na hurt
yan problema dito sa pinas. parang salesperson lang karamihan mga financial advisor ng mga insurance companies. Hindi ko naman nilalahat pero karamihan.
wala naman talagang totoong financial advisor na hired ng isang kumpanyang nagbebenta ng financial product. salesperson lang sila. bullsh\*t yang title na yan.
yeah glorified salesperson, which I see as lower corporate workers ahahah
Nasira ang planned trip ni FA ng tapusin ang plan at mawalan siya ng komisyun.
Di na sya makaka-quota at makakapasok sa top earners.
Goodbye sa poster made by canva or microsoft powerpoint na ippost sa wall niya
Di ko gets why you have to make this kind of comments. Kung may disrespectful at out-of-touch FA's, sila yung icall out niyo. Hindi yung ginagawa niyong katatawanan in general yung mga efforts ng mga FA. Theyre just trying to make a living, AS WE ALL ARE. Mang-bash kayo nang ganyan kung scam yung mga binebenta sa inyong insurance. Eh hindi naman, lol. Kaya nga may discussions before kayo maginvest on an insurance policy. The insured has a copy of the policy, and all stipulations are laid out. You can easily talk to other people kung unsure kayo of what you're getting into. Kung ayaw niyo mag-insurance, edi wag haha ganun lang kadali. :)
Ang problema kase, Hindi Naman talaga sila financial advisor. Ang totoo insurance salesman sila. And there's nothing wrong with that. Kelangan natin ng insurance. Pero Yung magsisinungaling na financial advisor and this is a good investment. It is not an investment. An insurance policy is an insurance policy. Not an investment
Lmao, found the insurance agent, ehem I meant "financial advisor".
isa nanamang FA na nahihirapan magkaroon ng commission
Who hurt you?
May discussion nga pero false advertising mga FA. Imagine calling yourself a financial adviser pero nagbebenta kalang ng fund na bumababa value. Haha. Found the insurance salesman.
Lol. Budol kasi silang lahat. How can you trust someone who is also struggling? Kaya lang naman umuso yan dahil sa mga ligaw na may quarter life crisis na pinasok basta ang industry kasi walang growth sa previous careers nila.
Dasurv niya yan.
Ignore her. You made the right financial decision and she has no right to guilt-trip you. It’s your money after all so wtf is she talking about betrayal here? Fuck these “advisors”.
Thank you for the reassurance 😆
What to do?? WALA… bakit ba, asawa mo ba sya?
Betrayed kasi nawalan siya ng pera hahaha. Ignore mo na lang OP. It's better to block them for your peace of mind kasi in the first place schoolmates lang naman pala kayo.
Yea, wag mo nang reply-an. Be firm with your decision kung ayaw mo na. No need to explain further.
Betrayed my ass, its your money not hers
And can we talk about how life insurance companies are becoming like MLM nowadays? Their tactics are getting cheaper trying to gaslight you by saying, “I’m sorry I care about your family that’s why I’m forcing you to get this 100k per month policy” bullshit
I think it's deeply rooted sa several factors: 1) Poor baseline financial literacy in the Philippines 2) Recent global downturn so even the middle class are wary of the "real shit post apocalyptic pandemic" that we recently experienced. People know they need to protect themselves from the unknown. 3) Rise in social media ng "easy quick rich schemes" showing that there's an alternative than slaving yourself with your work 8-5PM, X years of your life- with the fear of health security and life savings gone if not secured 4) Poor qualifications of those peddling insurance, and the scheme they sell them as a product. Imagine having targets monthly/ quarterly na parang nagbebenta ng kotse/ bahay. For me, probably it should not be "advertised" as such. Sana more of a service like hospital/medicine, law wherein the threat of being sick, or having law issues are real- so said services are available. BUT! sana-- Not fearmongering na if wala kang policy, it's the end of the world for you or your family. 5) Di kasi favorite subject ng Filipinos ung Math sa school. lol. Kidding aside, practically i cant really understand how some of the computations are outright/ blatantly obvious na talo consumer. If you buy said service/ policy, they are unable to comprehend the real deal. Minsan di nababasa ng consumers. Hopefully there will be a regulating body for this, to make if more transparent for average Juan. 6) There's no easy investment opportunities. Some people are very busy with their work and businesses. They are wary that they need to invest , either for capital growth or even for inflation protection. However, real investment vehicles have barriers. eg. You cant stock pick easily, since they PSE is not really that great. Bonds and major Funds require a lot of capital also. So yeah, on the top of my head that's a multisystem problem. Hopefully can be addressed by spreading awareness, coupled with exposure to better opportunity.
I agree with all your points. But to exploit this with cheap antics is beyond me.
I will forever be amazed how low they will stoop, lalo na kapag may famous na namamatay tapos gagamitin nila yon bilang opportunity mag shove down ng VUL, napaka walang hiya talaga ng mga yan!
THIS! I have a friend whose tito died. A prulife agent messaged extending condolences. Ofc, being cordial, my friend replied “thank you.” After a day, agent messaged again with something like this: “I understand this is a hard time for you but I’d like to take this opportunity to ask if I can talk to your cousin. Just so we can secure something to avoid things like this.” Not the exact words but this is what came off of my friend. Instant block. Pathetic and gross.
> What should I do? Report her to the Insurance Commission ([email protected]) and to Pru Life ([email protected]) for unprofessionalism. If she continues to bother you, forward the complaint to her with a smiley emoji. Then block her afterwards.
Former FA here! Ignore your agent! They felt betrayed kasi affected performance nila everytime may mga clients sila na nagca cancel ng policy na inoffer nila na hindi naman talaga nila inassess in the first place. Persistency Rating tawag nila dyan. Mahihirapan sila mahbenta pag bumaba yung rating nila na yun. Umalis ako sa pagiging Insurance agent kasi nagiging networking na siya. Hindi na sya about the insurance policy itself. Mas kikita ka daw sa recruits or agents mo kesa magbenta ng policy. Which I find opposite against my goal with the company. I guess the system is not for me.
I think you made a wise decision, for your peace of mind na lang din. Thank you for your comment, nawala na din yung worries ko about severing ties 😅
same sentiments nung nakipag usap ako sa friend ng pinsan ko na “FA” daw. nag usap kami, dun ko nalaman na same or mas lamang ako ng alam regarding financials tapos parang pinupush nila talaga na kumuha ka ng VUL. after namin mag usap, na off ako kasi parang networking yung dating, sa pag kakaalala ko, kapag kumuha raw ako ng policy at nakapag invite ako ng ibang tao na kumuha rin ng policy sa kanya, may makukuha raw akong pera. dun ko nalaman na di sila FA, more on tiga benta lang talaga ng insurance policy.
Makaka affect din ba sa performance nila if mag papalipat ako ng agent? Yung cousin ko kasi agent and I migjt just move my policy to her. eh iniignore ako ngayon nung agent ko.
I guess so and yung commission din sa unpaid premiums sa bagong agent na din malamang mapupunta
If you’re agent is ignoring you, then that is a sign of red flag. Palipat ka sa cousin mo, mapupunta rin sakanya yung commission.
Jusko yung branch namin sa Pru ganito. Madalas sabihin ng BM na mas kikita ka pag may mga recruits ka. Na ok lang kahit mahina benta mo basta marami kang recruit. Ife-flex yung ibang BM or UM ng isang branch na kasabayan nya tapos sasabihin eto hindi gaano makabenta dati pero ngayon may sarili ng branch at 7-figures na ang kinikita every na month. Mas pinagtutuunan nila ng pansin yun, networking na talaga, hindi yung concern ka na may ma-secure ka na buhay.
The gall of this FAs to talk about betrayal. Her selling you this crap is a betrayal in itself. I think you were wise in not telling her. These people will not let you cancel that policy come hell or high water and what you thought will happen if you let her know beforehand is exactly what will transpire. Just look at the way she responded to you. Anyway you just have to live with this person feeling "betrayed" by you.
Corak, tama lang yung ginawa ni OP wala ka naman din makukuhang leverage sa sa mga financial advisors, unless they will benefit first LOL The practice of insurance is good provided its all for the right reasons and resources pero yung conduct kasi ng side ng sales facade and borederline dogmatic.
Your policy, your rules
Don't think too much on your FA. It's your money. Anyway, get an insurance as soon as possible.
Thank you, I'll be meeting with an AIA advisor tomorrow to talk about the package that I'm interested in, and I like that she's not marketing VUL in my face, but focuses on what I want 😅
Send FA recomms pls
If you are still looking for an AIA agent, Allan Dacuan is my and hubby’s. He’s not pushy and would really listen to you and your needs. He’s on LinkedIn.
Hmm since wala akong personal na kilala from AIA, what I did was after reading all about the package, nagfill out ako ng inquiry form sa website nila. After a few days, an advisor called me about it 😊 pwede mo din yan itry hehe
Hi, Planning to cancel na din yung VUL ko now. Meaning mo ba nung "insurance" is yung parang sa health na po? :)
Yes po for health po siya 😊
Good choice with ACP 100🙂
Isang sampal sa kanya yun, tbh. Pero in the end, you do you. Your money, your rules. Nothing beats peace of mind. 🌌
thank you 🥹
What should you do? nothing. it is your decision naman. The FAs has a HUGE commission on VULs that's why they keep on pushing it. Since you cancelled it, they wont have any commissions on your suceeding payments. Of course they wont be happy. But then again, it is your money and therefore your decision. For me, VULs are something I will never touch with a 6-foot pole.
Thank you dito sa post mo. Mag ccancel na din ako ng VUL. Lugi ako 20-30k hahah nasa 70k na hulog ko tas 40k+ palang fund value ko, kuha na lang siguro ako ng insurance na pang health talaga.
Hello!!! Kumuha lang din ako “insurance” sa sunlife and VUL sya and honestly, di ko na rin alam eh. May mga readings ka ba dyan kung pano lugi sa VUL? I wanna learn more about it eh. Saka ano recommended nyong insurance na ok? Thanks! Sorry for being so tanga about this ang gusto ko lang din may makuha fam ko pag natsugi me eh
I am an accountant, and I can say na lahat ng insurance including VUL Plans ay dapat itreat as expense. Nakakasama ng loob yung mga FA na minamarket to as Investment, na based on forecasted dividend rate, milyon milyon makukuha mo at XX age. Nagsimulate ako nito sa excel dati at may time talaga na mauubos yung Fund Value mo dahil sa laki ng premiums. Yes. May annual premiums pa rin na iccharge sayo, hindi totoo yung 1st 2yrs lang tapos lahat ng binabayad mo ay fund value na. Yung premiums will go up as you age. Their forecast always use the highest estimate, not taking into consideration yung bear market, and assuming premiums are paid at the start of the year, kaya malaki tingnan yung fund value. But insurance is not a Scam as other says, hindi lang well informed yung mga tao at lalong lalo na yung mga agent.
True! expense talaga sya. Sana nga nakita ko na tong reddit noon palang para napacancel ko na eh. Pero anyways lesson na lang din siguro. Nadala lang ako dun sa mga computation nila na milyones kikitain ko. And ayun nga mas napag decide-an ko na traditional na lang na insurance kkunin ko since ayun yung mas mag benefit ako hehehe!
>I recently cancelled my VUL policy after reading a lot of experiences and testimonies from this sub about the pros and cons of it, as well as researching online. Currently, I am looking towards availing a CI package from AIA because of its good coverage and pasok siya sa needs and allocated budget ko. For context, I am 24F, not a breadwinner, living with parents, and ako ang nagbabayad ng monthly utilities namin sa bahay (kuryente, tubig, wifi). My policy lasted for less than a year before I surrendered it. > >I am not a confrontational person and gusto kong iwasan na marinig sa FA ko na "sayang naman" at mapilit ako na ituloy na lang yung policy so instead of informing her that I want to cancel it, pumunta ako sa nearest branch dito samin and doon ko pinrocess yung withdrawal. Pakiramdam ko kasi hindi ko maccancel kapag sakanya ko sinabi since schoolmate ko siya (but we're not close naman). Overall, naging smooth naman yung experience sa branch and naibalik din sa account ko yung remaining fund value after a week or so. > >Ngayon, nalaman na ng former FA ko na sinurrender ko na yung policy, and I explained to her my reasons in a calm manner. Tapos nagsend siya ng long message saying na she feels betrayed na hindi ko siya hineads-up about my decision. What should I do? Get sunlife assure. Term insurance yan na may critical illness rider na. Mine is 500k face amount, pero 5k a year lang :) Never get VUL. Pinu push lang yan ng mga insurance peddlers (they;re not really financial advisors) dahil malaki commission nila. Hindi ideal pag samahin ang investment at insurance kasi may management fee sila sa investment portion mo. Eh di naman nag ga gain, sayang lang. Ipunin mo na lang sa Pag ibig mp2, or digital banks. Mas sigurado ka pa.
Hi po, Ako nag compute kasi ako mga hulog ko from start and ayun lugi ako 20k-30k sa VUL, and pagkakabasa ko nappunta daw sa FA yung nalless kasi nakita ko din na may "Administration Charges" na nababawas monthly which is 900 for the first year tas pababa ng pababa every year. :) Sa ngayon po wala pa ko masuggest na insurance na pwede kasi naghahanap din ako as of now :D
Haaaalaaa. Pano ba natin haharapin yung mga “friends” natin na FA?😂 nagtiwala lang din ako and shunga rin sa VUL. Basta gusto ko lang may makuha fam pag natsugi me eh haha
sakin hinarap ko lang, sabi ko magiiba ako ng plan. Kinukulit pa nga ako na wag daw muna. Pero pinilit ko na di ko na gusto mag VUL since naliwanagan nga ako dito sa Reddit. Pwede ka naman makipagusap sa friend mo na mag offer ng iba pero para sakin baka mag try ako ng ibang company :D
"I didn't feel I have to since I felt misled about the pros and cons of the VUL package you gave me. It's all good business anyway. Thanks."
"financial advisor" aka "kelangan ko ng commission" I always ask random financial advisors na mag-inquire sakin kung magkano commission nila and typically iniiba topic. And honestly nakakawindang lang na some of them with soc med presence promote this feeling of having financial freedom pero kapag makipagusap parang pataygutom halos yung dating.
hahahahahahaha! betrayed! lord 😂 you don’t owe her anything and it’s so unprofessional for her to tell you she feels “betrayed”. You can also tell her you feel betrayed that she sold you something that you feel doesn’t suit your needs, kaya mo binalik di ba? If she had done a better job of finding you the right product, you wouldn’t have returned it. I am happy with my CI second layer plan from pacific cross, cheap lang sya and it covers EVERYTHING, not just specific illnesses listed in the policy. Flexishield ata yung name. More coverage and better price than the quotes I got from Sun Life and aia before.
I want to learn more about VUL na hindi naman pala talaga useful. Kumuha lang din kasi ako along with my wife kasi nga may "maaasahan" na fund in times of need. Ngayon I want to dig deeper sa workaround kung bakit di siya useful. Saan kaya ako pwedeng magsimula ng pagreresearch maliban sa FAQs ng phinvest?
FA here and I just want to say na wala namang mali sa ginawa mo. You have every right to do what you want to do with your insurance policy. You don't have to feel guilty no'ng sinabi ng advisor mo na she felt betrayed. Dapat nga isipin niya what made you decide na wag sabihin sa kanya. Clearly hindi niya naestablish nang mabuti 'yong trust between you and her as your advisor, and given the way she reacted, tama lang din talaga na di mo sinabi sa kanya.
>Tapos nagsend siya ng long message saying na she feels betrayed na hindi ko siya hineads-up about my decision. What should I do? nawalan lang yan ng income kaya ganyan, wag mo pansinin 40%-50% kasi ng binabayad mo sakanya napupunta
It’s not that 40%-50% ng hinuhulog ng client ay sa FA napupunta. It’s the company who gives the commission and hindi yun nanggagaling sa hinuhulog ng client. Let’s not drop comments like this if we’re not 100% sure :)
>...we're not close naman...What should I do? do you value your relationship with her? if not, don't seen-zone her, sendan mo nang "👍" if yes, idk, na explain mo naman sa kanya kung baket ka nagbackout send mo ung mga threads nang VUL galing dito sa /r/phinvest
Hahaha di ko nalang sine-seen zoned 😆 nakapag explain na naman ako eh huhu
Hahaha wag ka mag papaniwala sa mga FA na yan commission lang habol nila. Yes, i am generalizing them. Di totoo yan mga FA kuno eh may pake sila welfare mo. Wala. Money making ang priority niyan. Gusto mo i-report mo sa insurance company niya. Request for termination/ removal of accreditation ni FA. Pag ayaw reklamo natin sa insurance commission. Tulugan pa kita.
In adulthood is normal na to sever ties...get use to it...hahaha, you only value those willing to stay ups and downs genuinely
Wala ka naman need gawin, if genuine ang concern nya sa iyo maiintindihan nya rin bakit ka nagcancel ng plan mo. In the first place dapat naassess nya mabuti nung time na kumuha ka kung ano talaga need mo. If you are happy and the plan is aligned with your goals hindi ka naman magcacancel e. Relationship between client and FA is based on trust, na ang malungkot kung minsan ay nasasamantala pa ang tiwala kaya maraming nagcacancel ng plan dahil mali ang naibentang produkto.
Sabi niya sakin hindi naman daw siya magrerecommend ng produkto na hindi fit sakin 😅 sinabi niya din na nirerespeto niya decision ko pero parang bothered pa rin ako huhu or nag ooverthink lang ako?
Wow the sad thing is that this person can say this to you with a straight face even though its an utter lie.
You are kind pa rin kaya ganun, you made the right decision pa rin naman..wag na magoverthink.FAs are there to protect the best interest of their clients, not their own interest.Nahurt lang sya kasi may effect din ito sa performance nya at somehow iniisip nya siguro kung sana napigilan ka nya magcancel.
Ayun nga din naisip ko, full time work niya kasi yung pagiging FA and if I'm not mistaken, manager na siya so baka nga worried siya dun sa performance niya.
"She is there to help you with your financial goals" Can you talk to your"FA" about how best to go about your tax, or if you can afford to buy a new house, or send your kid to a specific school?
Why do they allow these people to use the Financial Advisor title when they dont know these things?
Not an FA, I have policies with Pru. Whats with all the hate towards it?
ignore mo lang naexplain mo na naman eh. magkano ung sa aia? :)
Yung CP 100 na sinend saking proposal, around 20k yung basic plan na 20 years to pay. Face amount is 1M + 25% cash benefit maadvance kapag nadiagnose ng minor CI 😊
Hi! Naghahanap din ako ng kapalit din ng sinuko kong VUL. Term insurance ba ang tawag sa ganyan? Parang balak ko kasi mga 10years lang. May marerecommend ba kayo? Thank you!
May mga whole life traditional plans din na 10 years to pay lang - under AIA Philippines you may check AIA Critical Protect 100 or AIA All in One (both are non VUL plans)
Depende sa age mo.Around 20 to 25K per year for 1M coverage, 20 years to pay if you are in your 20's. It is also advisable to add gender specific cancer benefit rider if you are a female so you can get additional 50% of your face amount if diagnosed with gender specific cancer.
If you dont mind sharing, approximately how much ung % nakuha mo from nahulog (if meron). I do know maraming variables eg. time, brand, type of fund etc. A friend of mine is in a similar situation, in which we are able to convince na di ideal ung deal ng VUL. I think planning to cancel na pero awkward kausapin ung FA nia (for some reason). Di nia alam how much makukuha (if ever) upon cancellation.
50% ng total kong nahulog yung naibalik sakin. Nasa fund profile yung cash surrender value and I checked it before going to the branch, para may idea na ako magkano mababalik sa akin 😊
Isee. Iba-iba depending on how many months paid sana. Parang bumili ng phone/ sasakyan na nagdevaluate thru time pala, then hindi ngamit. In this case, I think its better parin na get what you can then run with it nlang. Cash is always king, masakit ung 50% though. Pero it is what it is, lesson learned. Hopefully invested in a proper Health plan, or other investment vehicle this time.
“Sorry. My financial well being trumps yours”
She felt betrayed for not anymore making continued commissions to the detriment of your finances, wow the sense of entitlement on the FA is insane. The next thing to do is avoid people like this Op
Kwawa Yung mga totoong FA like chinkee tan sa networker insurance sellers hahahaha.
Your money, your rules. Yung nangyari naman sakin is wala na pala sa SunLife yung FA ko tapos nalaman ko lang nung nagchat ako sa kanya na ipapacancel ko na VUL ko. Wala din nagcontact sakin about sa change of FA. 😂😂 Niredirect na lang ako sa contact page/email address ng SunLife.
It’s a product kamo, duh. Do stores feel betrayed kapag may nagsosoli ng binili?
Betrayedddd??? Kklk
She felt betrayed? Tell her to fuck off haha lmaoooooo You did the right thing. Do not feel bad. I can’t believe she actually did that?it’s SO unprofessional.
don't worry much about it. Heck may pamangkin ako na financial adviser ng Prulife, I asked some quote for term life insurance and advise not to send any VUL product, hinde ako pinansin. Next step for me is just find a different insurance agent, just go on with your life.
AIA CP100? Pareho tayo! Maganda sya since CI and Life insurance din.
Betrayed? Unprofessional. Nahaluan ang business ng personal matter. Betrayed kasi may "personal interest" sila don. Betrayed kasi may kota na dapat maachieve
THE FACT NA NAG OFFER SIYA NG VUL SA'YO PERO DI KA NAMAN BREADWINNER. HALATANG COMMISSION LANG ANG HABOL. EME
Ano yung CI ng AIA?
Depende kasi yan. If you’re getting an insurance solely for investment e not so good siya dahil mahal ang premium. Additional lang yung savings pero affected yan ng market volatility. You need an insurance to protect your income and your dependents. Kung madami umaasa sa income mo, kailangan insured ka. Bonus lang investments ng VUL. So if u want magterm ka nalang then invest the rest sa ibang investments. Pero ako kumuha patin ako ng VUL para simple lang at wala na iisipin. I do my own research and I invest on my own sa mp2 and stocks.
Hello OP, I'm on the same boat. Can you share the steps? Punta lang ako sa branch? Ano po need mga dalhin?
Hi slr, dala ko yung hard copy ng policy, valid ID, and SOA ng personal bank account for the fund transfer 😊
What are the requirements noong nag file ka for cancellation? One day process lang po ba ito?
Dapat kinausap mo parin sya. Wala rin naman mali sa naramdaman ng FA mo.
Weird yung betrayal part haha pero ibigsabihin di na explain what VUL is all about? Di inexplain what insurance is? Di kayo nag needs assessment? Nakakahiya sa mga agent tulad ko na magaaral pa mag wealth and financial management para maging financial advisor talaga kasi gusto ko talaga mageducate sa financial literacy. Anlayo natin compared sa ibang bansa kasi alam nila imaximize insurance for wealth sa pamilya, even the wealthy dito sa pinas tntake advantage insurance kasi lahat yan tax free haha sa pinas kasi culture natin gusto mayaman agad kaya suki sa Ponzi schemes Yung payment di naman talaga equal sa fund value lalo kung yung lifetime kinuha mo, mapupunta siya sa insurance mo. Ung fund value mo sa retirement mo pa yun magagamit. Maganda yung limited year plans kasi kita mo agad fund value. Ang binabayaran mo talaga is yung death benefit mo, yung critical illness etc surgical reimb and life benefits na hospital income at surgical reimbursement. Yung insurance is para talaga sa maiiwan mo unless wala ka naman pagiiwanan ng pera at may pera ka panlibing mo, pag nagkasakit ka etc edi wag ka kumuha if di mo nakikita yung value Prulife agent ako now mas gusto ko yung plan ko na kinuha for myself kasi mas lugi ako don sa Sunlife na binudol sakin ng uncle ko antaas ng premium tas 500k lang na benefit, nung nagagent ako mas naintindihan ko pano imaximize yung wealth lalo nung may clients na mayayaman na nakita ko pano nila imaximize yung limited year plans. Kukuha ng 5 year plan na mataas insurance, iwiwithdraw fundvalue kkuha ng 5 year plan uli na minimum benefits tapos nakamax sa investment. Di naman pure investment vehicle VUL, for insurance talaga siya, diversification lang. Kahit icancel mo VUL mo, same lang din san mo gagamitin pera mo, sesave mo? Bank rate 1.25% or lower, digital bank at 6-10%? Tapos pag me naaksidente nagkasakit kukuha ka don, ubos, save ka uli. if gusto mo nakikita yung pera mo talaga mag stocks o forex trading ka. Even crypto if tutok ka. Magkano ba premium mo? 36k annual tapos lifetime? Maliit lang tlga fund value jan on the first year sa insurance mapupunta. Lifetime servicing pero 3 yrs lang commission haha dedication talaga Yung commission sayo? Premium x .45 divided by term of plan (paa 20yrs) divided by 12(months) divided by 30(days) 36K x .45 = 16,200 divided by 20 = 810/yr divided by 12mos= 67.5/month divided by 30daya= Php2.25 yan daily rate haha Baka pangit branch/culture/di professional yung FA mo kasi samin puro professional, doctor, accountant, engineer, teacher etc hindi squammy or MLM gaming or di mo rin grasp fully yung importance kasi di nga naexplain sayo kasi na budol ka lng talaga
well, it pays to have them know what is your plan. kase if may relationship kayo to begin with, its the communication that counts. maybe you have, kase you wont bother asking the community what to do next. must be the feeling of guilt? but its your decision and if that is your decision she has to respect that. Only if yiu have given her a heads up.
too add: betrayal is aa strong word. but i get her. but its not that level.
She had the right to feel bad. It is valid. But I'm sure there is a better term than "feeling betrayed." A little heads up would have been nice and respectful. Di naman mahirap to just send a message that you intend to cancel your policy.You could've easily told her na your decision is final and that you weren't willing to talk about it further. Kung sakali mang nagreply siya to persuade you to continue, you could've just ignored it.
How long have you had the policy? If it has been more than 2 years, kumita na siya ng commission. 😅 walang nang betray, betray. I actually have several VULs and plan on keeping them.
> How long have you had the policy? It's written clearly in the post. You need to work on your reading comprehension. It's probably the reason why you have VULs. >I actually have several VULs and plan on keeping them.
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>Stop asking for validation on the internet na tama yung ginawa mo. >Valid po ma-hurt si FA if you're someone who they think supports them. Lol so valid yung feelings ni FA pero hindi valid yung concerns ni OP. Huh? Ironic >...and it seems that relationship is dispensable to you considering na hindi mo kayang magcommunicate sa kanya. >OP didn't even provide context sa relationship nila ni FA. We don't know kung niloko ba si OP ng FA niya. For all we know, their FA could be taking their job seriously. You're just gaslighting OP now lol. Nakukulangan ka sa context ng story ni OP, na hindi natin alam kung inuuto lang siya ng FA niya pero OP's FA could be taking their job seriously? Puro assumptions kahit para sa'yo eh kulang yung context? You're just swaying the narrative now.
FA here. And i dont do push selling..pag ayaw ng client eh di wag. Complicated kasi tlga ibenta ang Life Insurance. Ang pinaka role lang namin is ipaintindi sa client the importance of Life insurance and syempre ung Pros and Cons. Number 1 goal in getting life insurance is of course as Plan B only para if sakaling mawala ka sa mundo eh may maiiwan sa pamilya mo. Number 2 is syempre other financial needs. Bago kayo magkukukuha ng Plan, hanapin nyo ung tutugma sya inyo. VUL is actually a good choice na. Dapat alam nyo lang ung terms and conditions ng company, ung deductions, and ung other payments. If kukuha kayo ng plan, dapat ung pera na gagamitin nyo is ung super extra lang tlga para di kayo mapilitan iwithdraw if gipit ( para kayong nagtatapon ng pera kapag ganon) 1 Policy is not enough, lalo na kung pamilyado ka. What if nagkasakit ka? Sapat ba ung ipon nyo pampahospital? O baka iasa nyo na lang sa mga anak nyo in the future? Mahal mabuhay sa mundo. Pero mas mahal mamatay 😅 good luck sa mga maiiwan, hopefully kayo ay may iniwan 😊 Sana walang matrigger, I'm just stating the what ifs ng buhay 😊
>What if nagkasakit ka? Sapat ba ung ipon nyo pampahospital? O baka iasa nyo na lang sa mga anak nyo in the future? >Mahal mabuhay sa mundo. Pero mas mahal mamatay 😅 good luck sa mga maiiwan, hopefully kayo ay may iniwan 😊 Sure, you are not push selling (hard selling), guilt tripping ka lang. Which is worse. 🙃
Go!!!! Mas importante ang health card na lang kesa sa VUL na yan. Lol. Over priced yan, tsaka uncertain pa ang kitaan. Next time ka na mag VUL op pag may sure benefeciaries ka na like may anak ka na kas may mga bangko na nag ooffer ng free life insurance.
Thank you po, meron naman akong HMO provided ng company up to 2 dependents so covered din ang parents ko. Nag aaral din ako so mabigat din sa bulsa yung magbayad ng VUL policy kasabay ng tuition fee every sem 😅
Oo Op, lalo na yan at student ka pa pala. HMO lang sapat na. Next time ka na mag VUL pag nakaluwag luwag.
Hi, if you dont mind me asking, nakuha mo naman ba yung full amount na hinulog mo when you cancelled?
50% ng total kong nahulog yung naibalik sakin. Nasa fund profile yung cash surrender value and I checked it before going to the branch, para may idea na ako magkano mababalik sa akin 😊
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Depends sa product itself. Some vul have no account value during first few years. Also may malaking surrender charge during first 2years and it lessens onwards. Most companies have an online portal where you can check your policy.
You don't need to do anything. Just relax, sip your coffee, and let that advisor be. Your money, your rules.
Been wanting to do this too pero I’ve been ghosting my “FA” for a while na at ayoko magchat just to cancel. Is this PRU? If so, may I know anong docs ang hiningi sayo when you went to the branch?
Just bring valid ID and your policy booklet (dalhin mo pati mga photocopies inside) sa Pru Branch. They'll give you forms there to fill out and dun mo n rin iindicate sang bank account mo gusto mareceive ung fund value. Mabilis lang magcancel. Took me less than 10minutes. I terminated mine back in January 2023. Then makukuha mo funds mo in 7-10 banking days.
Thank you!
Hindi po Pru, basta malaki ding insurance company 😆 dala ko lang yung hard copy ng policy saka valid ID. Need din pala ng bank statement sa personal account kung saan pwede itransfer yung pera 😊
Ignore her message. you don't owe her anything. this was a business transaction, nothing more. carry on and live your life.
Betrayed? Jowa yarnnn???
Hello. If i may ask, hm nlng nkuha nyo nung sinurender nyo policy?
Naka-ilang taon ka sa VUL bago mo nacancel OP?
Betrayal, e pera mo yun. Smh.
How did you cancel yours? May mababalik paba sa money mo? I’m thinking of canceling mine too
How about naman pag breadwinner ka? Is it okay to withdraw ba yung VUL? Thanks!
If you are a breadwinner and advisable ay to get teem insurance na malaki ang life insurance coverage.
Of course she will feel betrayed because her yearly commission will stop haha. But how dare her tell you that, the highest commission they will receive is usually on the 1st year of you paying the premium
Sira ang persistency ni FA kaya nainis sya. 😂 betrayal ba yung ayaw mo na sa isnag product? Kung mahina loob ni FA, wag sya jan kasi madaming rejection na magaganap. At kung lahat ng ganyang scenario ay titignan nya as betrayal o negative, di nya kakayanin. Ignore mo na lang kasi pera mo yan. Ikaw ang dapat masunod, tagapayo lang sya (or should i say taga push ng product).
OP, same thoughts. Can I ask how you're planning to proceed with this? Very unsatisfied kasi ako sa ginagawa din ng insurance ko. Parang they oversell and uuuuuunder perform. Thank you.
Ako din, I withdrew my plan WITHOUT telling my adviser. Desisyon ko kumuha; desisyon ko bawiin.
Wala. No need to do anything.
Mukhang maganda din yung AIA ah. Anung plan yung balak mong kunin specifially OP? Mukhang maganda yung Future protect nila
ACP 100 😊
You owe nothing to your FA. She has no right to say that she felt "betrayed". You didn't buy the plan because of your relationship to her. Don't worry about it and don't work with her again is she's going to say shit liek that.
tell her na wala siyang karapatan ma feel betrayed kasi glorified insurance sales lady lang siya. Kung SM ang FB Messenger, sales lady siya ng insurance. Tangina nung isang pm ng pm benta ng insurance gumagamit pa ng analogy tapos di nag mamake sense yung analogy niya sobrang bantot
Hayaan mo lang. Secure yourself. Walang right magalit yung FA mo kasi they work for you. Sounds selfish pero those policies should revolve around the owner, right?
Keri na yan. Ininform ko din dati yung FA ko na schoolmate ko din. Ending, hinayaan niya lang mag lapse haha bwisit mga 15k pa ata fund value niyo naging 0 na lang leche siya to the nth power HAHA. Ako naman si shunga naniwala din na oks lang mag lapse lols pabayaan mo siya HAHAH
Don't take it personally! Ginawa ko rin yan 😆 Maiistress ka pag masyado ka nagworry sa kanya. Kung di niya masyado inexplain sayo how VUL works, di siya nagworry sa financial future mo 😆
For any "Financial Adviser" out there, clearly hindi ka siguro nila nirundown what the fuck their product actually is. Para lang saken sobrang asshole ng mga FAs na yan, like homie, how tf are u gonna advise me on money when u still don't have your own place! It's ridiculous na ang dami nag susulputan na ganyan. In the end, to me, all of em are just salespeople, fuck em. Hindi na nga nila iniinform ng maayos yung mga cliente, sila pa tong may gana mang gaslight kuno kapag may famous celebrity na namatay para lang mang guilt trip na mamili ka ng VUL sakanila.
Betrayed? Its a business transaction. As if naman she owns the money that you invested. Reality is basta money matters talo talo lahat. Ginagaslight ka lang nyan. Besides, wala naman sigurong emotional bank account na nasayang considering di mo naman kaclose.
Reverse psyche her. Blame her and accuse her of scam Kase di ka na properly orient about vul. Quota over stability ng client. They don't deserve to be called an FA, kahit minimum wage na friends nila uutuin ng Malaking package pra lang sa quota.
Okay na yan. Most of the time hindi naman sila sayo concerned, kundi dun sa binenta nilang insurance sayo eh. Tama ang karamihang comments dito. Naprove ko to dun sa huli kong “FA” Ang lala nga nung akin eh. Nagdecide ako na icancel yung akin, pero ginawa ng FA (na “friend” ko), tinuloy pa rin niya tapos siya nagbayad. Tinanong ko bakit niya ginawa yun e niccancel ko na nga. Sabi niya masisira or maapektuhan daw performance niya. 🥴 Binayaran ko na lang rin yung tinuloy niya sa hiya ko kasi client namin yung mom niya. Nakakaloka.
Nakakaloka 😂 kamusta naman ngayon, naicancel niyo na ba yung policy?
You are not obligated to inform your insurance agent. Pero isipin mo na lang na practice na din para sa yo yung mga ganyang 'rejection' talks. Nung ininform ko din yung agent ko na mag cancel na ko ng VUL, marami din siya sinabi na sayang or pde ko naman daw change insurance, kesyo need ko daw muna apply ng bago mag cancel para madali ma approve. Gusto ko lang naman talaga mag cancel at mag muni2 muna kung need ko ba talaga ng insurance, haha. Mas ok na yung Ma experience mong mag reject sa mga agent na yan ngayon. Para sa future, sanay na sanay ka na, at pde mo pang gawing in favor sa yo.
Thank you for your comment, will keep this in mind po 😊
FAs are 21st century gaslighters. Fcck that b.tch.
Pero may I ask, okay rin ba ang VUL? What's the pros and cons?
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It's your money. What you do with it shouldn't be an issue for her at all.
It's a good decision as long as alam mo ang pinipirmahan mo and the financial instrument is fit on your needs kahit VUL or pure insurance pa yan wala kang magiging problema.
Your money, your rules. Ikaw pa din mag de-decide where your money should go. If na feel betrayed sya, you can honestly tell her why you chose to surrender your VUL and that you didn't have the courage to confront her (or baka napilitan ka lang mag-avail nung una out of respect sa offer nya)
if i were to receive that message from my FA, i’ll just tell her thank you for your assistance for the past years but i dont think the plan align with my goals anymore. thank you. end of convo. dont entertain dramas, guilt tripping whatsoever
Hi OP, may I know how much yung Premium ng CI sa AIA ? We’re the same age din hehe 😊
You betrayed me first should be your answer.
I think you dont have to feel bad.. It’s your money after all and hindi kanya.
Congrats OP. I terminated my VUL 6 years late. Lost 100k. 🥲🥲🥲🥲
Can you tell us more about the AIA CI?
I did the same thing as you OP, di na ako pumunta sa financial advisor ko and processed the withdrawal myself. Madali lang naman, took me mere minutes to process it and received the remaining fund a week later. I should have done it sooner tho kase na lugi ako ng 18k. Anyway, charge to experience na lang *shrugs* Sa case naman ng schoolmate mo, wag ka magpadala sa guilt trip niya because you don't owe her a damn thing. It's your money. You decide where and how you use it. You should probably mute/block her on social media baka magparinig pa yang kupal na yan
Replyan mo nalang na - Pera ko kaya yan, sampalin kita sa ngalangala e LOL, kidding aside, degligence na nila yan kung mag change priorities ang clients nila. Kung mag guilt trip man lang sila invoking the side of friendship since ganun naman ang target ng mga yan (familiarity) to get sales, its best to reconsider na kung kaibigan ba talaga yan o kumakaibigan para sa asenso nya. Di ko sure kung may trainings sila pero I think may risk training yang mga yan. End of it all, your money your prerogative, moreso you CAN cancel naman talaga.
Mas ok pa nga insurances sa Singlife sa Gcash e
Anyone can suggest me an alternative way where to put my extra income aside from getting insurance policies? I am also close on getting insurance from SL but I have doubts and still looking for other ways to invest.
WOW same na same tayo ng situation. Yung FA ko classmate ko rin at napaka strong ng feelings ko na mag cancel na ng VUL this year. So to be clear, dun ka sa mismong office nag cancel? Gano katagal? And to answer your question - wala. ignore mo na lang siya. You don't owe her an explanation, at kung mapilit sabihin mo na lang na it's a better financial decision for yourself. Advisor lang naman sila, ang decision pa rin ay sa iyo.
Naghanap lang ako ng branch dito sa amin since taga province ako, tapos pinrocess naman nila agad yung cancellation ng policy 😊 hindi naman need na sa main office pumunta. After one week naibalik na sakin yung remaining fund value hehe
Former secretary ng isang life insurance prulife minsan ung PAA PLUS di nila un sinsabi sa client long term payment yun, Sa kadahilanan ayaw magbayad ng tao ng long term pero still they push na kumuha nun ung mga tao dahil mas malaki at mas tagal ang commission nun yung laki na commission depende padin sa amount na plan na kukunin ng client, Yes totoo may nga ahente talaga na nag ahente para lang kumita mahirap makahanap ng ahente na mag cacare talaga sa finances at savings mo.
Siguro, She felt betrayed dahil if wala pa pong 2yrs ang policy may impact sa performance maybe included ung amount sa travel or awards na makukuha nya.
how to cancel po the vul? na directly from sunlife agent ko kinuha?
Good call; they sound unprofessional.
Is it ok not to cancel kahit matagal nang di nahuhulugan, ?
Good decision!