Kuya Well's personal finance corner
I’ve recently participated in discussions where people regard VUL insurance as a scam and I can understand their sentiment. To be fair though, VUL insurance is a legitimate product that is allowed by the Insurance Commission. So why are people calling it a scam? The main reason is incorrect expectations. People tend to think that … Read More “VUL Insurance is a Scam” »
In a previous post, I mentioned that I’m not a proponent of Variable Life Insurance (VUL). I am pro-insurance though for those who actually need it. You might ask: “If you don’t recommend VUL but advise breadwinners to invest and get life insurance, what are my options?” That’s where the BTID strategy comes in. What … Read More “BTID strategy: a Better Investment and Insurance Approach” »
Variable Universal Life insurance (VUL) is a life insurance plus investment program rolled into one. That’s the easiest explanation that I can provide. If it’s still unclear to you, this insurance policy is offered the most by “financial agents” from Sun Life, Pru Life, Insular Life, and other companies with the word “Life” included in … Read More “Why You Should Think Twice in Getting a VUL Policy” »
