Tipid Tips

24/10/2024

𝐖𝐡𝐲 𝐰𝐞 𝐝𝐨 𝐰𝐡𝐚𝐭 𝐰𝐞 𝐝𝐨

Oftentimes, people think we do it for the recognition. Sometimes people perceive that it’s all about the travel incentives. And then there are times that people think that we just do it for the money.

But in reality, we do it for our clients. We believe in the value that we offer and the impact it has in the lives of our clients, as well as their families.

Helping with risk management and giving our clients peace of mind in times of unfortunate events is our main priority. What we get in return is just a byproduct of the advocacy we firmly believe in and the mission we do daily.

We do what we do for the people that matter to you 🤍




📩 Nicolle Tiffany Garcia, LPT, MAED, CIA
Licensed Financial Advisor

02/04/2024

15/03/2024

Kung may tanong at interested sa insurance, message Nicolle Tiffany Garcia. 🤗❤️✨

𝗠𝗔𝗚𝗞𝗔𝗡𝗢 𝗡𝗚𝗔 𝗕𝗔?

Not all premiums are created equal.

Nagtataka ka ba kung bakit 'yung binabayaran ng high school friend mo sa same insurance company ay mas mura kesa sa binabayaran mo?

Paano nga ba nacocompute ang Premium?
At magkano ba ang dapat na premium ko?
Kapag ba mas mura, sulit na?

Alamin natin!

Premium - ito 'yung tawag sa binabayaran mo para sa plan na kinuha mo. Pwedeng monthly, quarterly, semi-annual, annual.

Charges - ito 'yung breakdown ng napupuntahan ng premium mo. Lalo na sa mga plans na may kasamang investments (VUL), itong charges ang pambawas sa fund value.

Factors affecting premium:

1. Age

Kapag mas matanda, mas mahal ang charges.
Mas bata, mas mura ang charges.

It plays around what we call "mortality rates."

Ang mortality ay tumutukoy sa "pagkamatay."
Tumataas ang mortality rate, mas tumataas chance na mamatay ang isang tao.
At mayroong mortality rate table na sinusunod ang insurance companies. Ito ay inuupdate regularly ng ating statistics body sa bansa.

Kaya totoo yung mas mura ang insurance habang bata.

2. Gender

There are companies na nagbabago ang premium depende sa gender. Related rin ito sa mortality and health risks. Mas prone ang kababaihan sa breast cancer. Mas prone ang kalalakihan sa vehicular accident.
May mga sakit na mas marami sa pang babae, meron rin namang sakit na related sa lifestyle na mas ginagawa ng mga lalaki.

Sa company namin, pareho lang tho ang premium whether lalaki or babae.

3. Occupation

May mga trabahong mas delikado.
May mga trabahong hindi insurable.
Meron namang "rated" ang benefits. Mas mababa at mas mahal.

4. Amount of insurance benefits

Kapag mas malaki benefit mo, mas mataas ang charges. It will result to higher premium.

5. Type of insurance benefits

Iba ang charges ng death benefit kumpara sa charges ng critical illness benefit. Bawat benefit, may kanya kanyang insurance charge rates yan.

6. Complexity of benefits
Meron kasing benefits na same nature pero mas bongga yung isa.

Sample, critical illness coverage. Pero yung isa, basic lang (one-time use). Yung isa, multiple use. Syempre mas mahal yung multiple use.
Depende yan sa features, coverage, inclusions, etc.

7. Policy fee

Minimal cost per year ito na ang purpose is ma-cover ang administrative costs related sa pag create ng policy. From the software applications down to web portals and even payment methods. 33 pesos per month ito.

8. Management fee
Kung mayroong investment component ang policy na nakuha mo, kasama ito sa charges at it contributes to the premium. Ito ang bayad sa mga investment fund managers (asset companies) to regulate your funds.

Marami pang iba.

Kaya wag magtaka kung bakit magkaiba kayo ng premium na binabayaran.
Ang 3k/month mo ay maaring iba sa 3k/mo nya. Kung gusto talaga pagtapatin, compare lahat ng aspeto.

Now, the bigger question is:

Magkano ba dapat ang premium na binabayaran mo?

May mga controllable ka and uncontrollable dyan. Unahin natin uncontrollable:

1. Your age. Default na yan talaga. Di mo na pwede i-bargain kung magkano ang charge/rates sa age mo. (Kaya we encourage lang rin to start early kung mas mura ang charges)

2. Your occupation (may mga taong ang trabaho is fixed na talaga. Yun na ang field of work nila, mahirap namang work ang mag aadjust para sa insurance diba)

Ang mga controllable mo:
1. Ano ba ang investment goals mo?
2. Ano ba ang purpose and need mo for insurance?

Dyan kasi nakadepende yung magiging content ng insurance or VUL plans mo.

Higher insurance = Lower investment
Lower insurance = higher investment

Hindi yan accurate ha and not super correlational. Pero gets nyo ang point nyan kasi pag tumaas ang insurance benefits, taas rin ang charges, na binabawas sa investments mo.

Also, be mindful to check if kaya ba ang premium? Kaya ba masustain?

Ilang percent ito ng monthly income mo?
We can suggest 10% average. Again, iba iba yan sa mga tao.

Unahin rin syempre ang emergency fund and savings. Maglaan rin ng akmang budget for needs.

Sa next write-up ko siguro ilagay, ano ang mga necessary guide checklist mo bago kumuha ng isang insurance plan.

Sa ngayon, ito muna. ❤️

📝 𝗖𝗛𝗘𝗖𝗞 𝗠𝗬 𝗙𝗥𝗘𝗘 𝗥𝗘𝗦𝗢𝗨𝗥𝗖𝗘𝗦!
Follow my page ➡️ Arnel Legaspi Jr, CPA - Finance Planner
Go to my featured post! Check out my compilation of facebook posts about insurance!

26/10/2023

Make sure your hard work don’t go to waste by maximizing your time and money for the long haul. Rather than taking risks, make sure you’re safe, both physically and financially.

Here are some tips to prepare for a fund in case of health emergencies. ✨

For insurance and investment queries, message
Asst Unit Manager Nicolle Tiffany Garcia
Licensed Financial Advisor, LPT, CIA

11/10/2023

Convo with a client:

Client: Maganda naman ang life insurance, bakit konti lang naniniwala at meron nyan? Mag-present ka nga sa friends and officemates ko.

Me: Kasi insurance is not tangible. It is just a piece of paper. Hindi mo sya pwedeng ipakita basta basta. Hindi sya pwedeng ipagmalaki tulad ng:

"May bagong bahay ako sa Camella village na yan"

"Kumuha ako ng 3-bedroom unit with 4 parking slots sa BGC."

"Approved na yung bank loan ko para sa Toyota Vios. Next week ko maiuuwi."

"Finally recontracting na ako sa Globe. Kukuha ako ng iPhone Xs Max."

"Grabe ang ganda ganda sa Japan. Ito pictures namin sa cherry blossoms, Disneyland, Universal Studios, Kyoto at Osaka o. 15 days kasi kami dun so nalibot namin lahat."

"Nag-open kami ng franchise ng Potato Corner sa mall na yan. Dun naman sa school ni Junjun mag Gong Cha franchise naman kami."

Insurance are none of those things.

You cannot simply brag to your friends that you have a 4M death benefit, plus 2M accidental death, 1M disability benefit, 2M critical illness benefit, and more. You cannot also mention that your parents or relatives acquired a 10M, 20M, 45M life insurance coverage to prepare for their estate planning, retirement, and wealth transfer.

Pero alam nyo ba sir ano ba talaga difference ng insurance companies sa ibang bagay o bangko?

It is a piece of paper na kapag may sakuna will read,

"We owe you money" instead of it saying "You will owe us."

We generate revenue not debt.

Cars, gadgets, appliances will be outdated and get obsolete one day, but your VUL will appreciate over time.

The earlier you save, the wealthier you will become.

✨✨✨✨✨✨
Reposted (CTTO)

For insurance and investment needs, message me 🤗

Your financial advisor from PRU
Nicolle Tiffany Garcia, LPT, CIA

10/10/2023

✅Savings gives you liquidity
✅Investments maximize your earned income
✅Insurance protects your future income

If you’ve started with your savings, let me help you maximize and protect it.

PM is key, let me share to you your options. 📩
Nicolle Tiffany Garcia, LPT, CIA



✨

09/10/2023

Imaginin mo,

May taong magbibigay sayo ng 2M kapag nagkasakit ka.
Di mo kelangang mangutang.
Di mo kelangang magpost sa social media.

Sarap imaginin nu?

Iniimagine mo pa lang yan.
Paano kung totoo ngang may kayang magbigay sayo ng ganung kalaki pag nagkabiglaan?

Kaya yan!
Tara usap. ☕️

😉
Nicolle Tiffany Garcia, LPT, CIA
Licensed Financial Advisor

06/10/2023

“Kase kahit gaano pa kadami ang ipon mo, kapag nagkasakit ka, liliparin yan. 🛏️🤧😷💸

The way that I save and the way that I work, I know that it’s no longer just for myself anymore. I always think that I need it for Dahlia so that I know she’s secured for her future.💰

Ang malupit dito, mas bata ka, mas mura. Mas maganda kase makapag-invest tayo for the future. 🤑📈💹

Guys, si Mavi at the age of 3years old, may investment na siya. Malaking bagay na un para kay Mavi at kay Mavi na yun lahat. Kasi hindi natin alam kung hanggang kailan lang ako sa mundo.” ✨

For insurance and investment needs, message
Nicolle Tiffany Garcia, LPT, CIA
Licensed Financial Advisor
Asst Unit Manager - PRU Life UK