12/04/2026
Lifetime nga ba magbabayad sa insurance?
It depends sa type ng insurance at sa terms nito.
Explain ko muna nang mabilis yung 4 structures ng insurance.
Term insurance, VUL, Whole Life, Endowment.
Term Insurance - Traditional type, pay as you use. Pwede ka macover hanggang limited years lang, hindi hanggang 100 years old. And you have to pay them always. If want mo macover until 60 years old, pay the premiums until 60 years old.
VUL - Insurance with investment components. You pay the premiums, kaltasan ng charges, may maiiwang fund value. Which in turn, this fund value will cover the future charges. Insured ka normally hanggang age 100, and if you want macover until that time, you have to maintain paying the charges.
Whole Life - Insured ka habambuhay, until age 100. The charges will be compressed and you have to pay them normally ng 5,10,15,20 years. Ang tawag dyan, limited-pay Whole Life Insurance. May Cash value, dividends, payout.
Endowment - Insured ka for a limited period like 20 years. Then you can pay it in 5 or 10 years. May Cash value, dividends, payout.
Ituro ko na rin yung payment terms. Merong 3 types.
Single pay, Limited pay, Regular pay.
Tumutukoy ito sa PREMIUM PAYMENT PERIOD.
Paano mo babayaran or huhulugan ang premiums.
Single pay - one time hulugan
Limited pay - 5,7,10,15,20 years to pay
Regular pay - designed bayaran until maturity (end of coverage)
So ang kumpletong tawag sa mga plans,
Payment terms + Insurance type
Sample:
Limited-pay VUL
Regular-pay Whole Life Plan
Limited-pay Endowment
Next mong need maintindihan ay ang pinagkaiba ng PREMIUM at CHARGES
Premium โ Ito yung hinuhulog mo
Charges โ ito yung kinakaltas sayo
So usually, kapag nagtatanong ang clients, gaano katagal bayaran, premiums ang tinutukoy nila
Pero dapat kapag ineexplain ito sa clients, alam rin nila ang charges
Sample.
Term insurance. You pay premiums hanggat gusto mong macover. Yung premiums na yun, kakaltasan yun ng charges (admin charge, insurance charge). Ang ending = 0. Wala. Walang fund value, cash value. Walang matitira sa hulog mo.
VUL. You pay premiums. Papasok ito sa company, kakaltasan ng charges, maiiwan sa fund value.
Parang coffee card, naglagay ka ng 500 pesos per day, nagkape ka ng 200 pesos. May maiiwan.
Since magkaiba ang Premiums at charges, need itong maintindihan ng clients.
Sample, VUL plan ang kinuha mo. Limited-pay VUL. 10 years to pay VUL.
Anong meaning nyan?
10 years ang premium payment terms.
Next mong tanong, hanggang anong age ka ba covered nyan? 100 years old daw. So maturity period or benefit period is up to 100 years old.
Tanong: Ang 10 years VUL ba, 10 years to pay lang Talaga?
Hindi. Bakit? Kasi ang premiums, oo, 10 years to pay. Pero ang charges, lifetime until maturity benefit (100 years old).
After 10 years, may fund value ka. Duty nyan is maging insurance fund mo. If it can sustain the charges, buhay ang insurance mo. If not, terminated na ang insurance mo.
Why? Because you can no longer pay the charges.
Same sa term insurance, if you can no longer sustain the charges, terminated ang policy.
So hindi ko masasabi kung until when ka magbabayad ng premium. If you look at the contract, follow it. If 10 years to pay, bayaran for 10 years pero please understand na you have to maintain the charges. You have to โpayโ the charges.
Ang frustrations nito is marami ring clients na ayaw magbayad ng charges until lifetime.
If you want that, get a traditional whole life plan. Compressed na yung charges until lifetime. So parang inadvance mo na ng bayad. Kaya mas malaki agad ang premium payments nyan.
Kaya mapapansin nyo na ang term insurance, mura sa simula ang premiums.
Kaya ang VUL, mas malaki ang premiums kasi may iniiwan na fund value to pay for future premiums.
It is a matter of how you want to pay your entire charges.
So if you have 10-years to pay VUL, how to know hanggang kelan ka magbabayad.
1. Monitor your fund value always. Pag paubos na, magtop up.
2. Check the fund transaction history to see how much are the actual charges na kinakaltas so you can estimate future charges. Para magtira sa fund value ng enough to cover the charges.
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