Ano dapat unahin? Insurance o investment?
Have you ever asked that? If you did, specially in Facebook, it’s very likely that you’ll have this reply…
Get a VUL. You’ll have both insurance and investment.
That is a very classic sales pitch. Nothing wrong with it though. Granted VULs have both insurance and investment components. But does it serve your needs?
This video post is not about whether you should get a VUL or not. Nor to stress the importance of VUL. Insurance is important. Period. Whatever type it may be.
Instead, you will find out whether it’s the right type of insurance for you or not.
In this video, you’ll learn that…
- VULs may look like a 2-in-1 product, but is it really?
- It may not be good for your retirement.
- Not all VULs are created the same.
Know more about it in the video below.
UPDATE [Feb 2017]: I am now a licensed financial advisor in Philamlife
Other videos mentioned in the episode:
After watching this episode, are you still considering in getting a VUL?
Let me know in the comments section below.
PS. If there are some details that I missed, let me know as well 🙂
[Update 1]: One of my youtube followers called me out on this – the beneficiary will get both the death and living benefit if the insured dies.
Actually, policies vary from one company and another. In some companies, when the insured dies, the beneficiaries will get both the living and death benefit. Some will give the death benefit or the living benefit, whichever is higher.
And though I haven’t seen one yet, it may be possible that there are companies that will give the death benefit only.