IMG - ONE STOP SHOP
MB LIFE MOST18 - THE MOST UNIQUE AND AFFORDABLE TERM LIFE INSURANCE IN THE PHILIPPINES
If you are not familiar with IMG, it stands for International Marketing Group, a Philippine-based International Company whose main mission is to advocate financial literacy to every Filipino around the world. It has been proven that geographical location did not hinder IMG Financial Educators from reaching out people who are in need of financial education.
Also, it is a financial distribution company with a membership platform that made partnership with different financial services like healthcare (short term and long-term), insurance (life and non-life), real estate, investments ( mutual funds and stock market investing) and allied services. IMG is the first distributor of long-term healthcare which is Kaiser Ultimate Health Builder.
Last 2018, IMG launched a very unique product, a product that is no other like in the market, a life insurance product with PDF (Premium Deposit Fund). It is a product from Manila Bankers Life Inc. Corp., launched in partnership with IMG in order to provide an affordable and very flexible life insurance with zero risk savings and investment component for Filipinos.
Are houses and cars more important than the people who use it?
What do you think is wrong with the picture?
HOUSE has insurance, CAR has insurance, FAMILY especially breadwinner, has less or no insurance. The family that rides the car almost every day, sleeps inside the house every night is not properly protected. If anything may happen to the house and car, you are confident because they have insurance, but what about something may happen to the one who is paying and using it?
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The first "IF" between "LIFE"
IF the breadwinner dies too soon.
If suddenly the breadwinner dies to soon. What could possibly happen to the family left behind? It depends on how much the breadwinner prepared in that situation. Of course, the family will be sad for the loss, but will you allow them to be sad also because of the bills? That is like a "double kill!" The death of the breadwinner and the death of the savings. The income stops, but their needs are still there. Food, shelter, education, health, debt/loan. These will not be given for free just because the breadwinner winner dies UNLESS, he is well protected and that is through having a life insurance coverage. Life insurance is not for the one who get it but for the family he loves in case he may leave too soon. Life insurance is the extension of our love to our family even if we are no longer there.
If you haven't reached your investment or retirement goals yet, get a life insurance coverage . Investments is a big part of our lives in building our wealth. While we are building our wealth, we must take care of our responsibility too.
HOW MUCH INSURANCE PROTECTION DO YOU REALLY NEED?
You don't buy life insurance just because someone is offering it to you. Understand why you need life insurance and how much life insurance coverage do really you need. This is the DIME Method. A guide in computing your life insurance coverage needs.
Let's put some figures for a better understanding.
Debt = P100,000
Income = P30,000 X 12months X 10 = P3,600,000
Mortgage = P700,000
Education = P200,000
A total of P4,600,000!
Why? If they invest this in an investment instrument that gives at least 10% Annual Return, they will get P460,000 per year or 38,333 per month. The income continues even if you are not there. Your family survives and you will always be remembered. It is no longer about insurance, it is about your love and responsibility.
MANILA BANKERS LIFE has a product that could help you protect and take care of your responsibility if you DIE TOO SOON and provide continuing income for retirement if you LIVE TOO LONG.
WHAT EXACTLY IS MBLIFE MOST 18?
Manila Bankers Life Multiple Option Super Term 18.
It is a term insurance product with 18 years coverage.
Life insurance provides financial protection for your family. And among the many types of life insurance out there, term insurance is the most affordable.
How affordable is it? For a 30-year old, the annual premium would only be P5,710 for a P1 million coverage. Not per month, not per quarter but for a whole year, you are insured for P1 million pesos.
It has an optional savings and investment component.
What makes MBLife MOST 18 unique is that you can choose to pay more than your annual premium. And the excess cash that you pay will go to a PDF or Premium Deposit Fund.
The PDF is like a savings account, ONLY BETTER. You can put more money there anytime you want. And you can also withdraw your money from it any time you need it.
Why better than a savings account? The amount in your PDF can also earn additional cash for you because the company can invest it for you.
For example, if you paid P11,710 instead of P5,710 for a particular year. Then the excess P6,000 will go to your PDF.
Because you have P6,000 in your PDF, the following year, you can choose not to pay for the annual premium of your life insurance or you can add more to your PDF which has a remaining value of P290.
Or let’s say that the market was good during the year, and the P6,000 in your PDF earned and became P6,500 in value. Then, you still don't need to pay for next year’s annual premium but you have higher excess value from your PDF which now P790.
Confused? See this picture below.
From our earlier example, the annual premium of a 30-year old with P1 million coverage is P5,710.
For the first year, there’s an additional one-time policy fee of P500. But for the next 17 years, the annual premium will be fixed at P5,710.
As the table shows, you were contributing P15,000 every year for the first four years. This is more than your annual premium. So the excess cash is going to your PDF. Even if you missed the 5th, 6th and the 12th year because of you were having a tight budget, your PDF covered the annual premium. You have the option to pay or not to pay for those years, which exactly what you did.
For this illustration, we assume that the PDF investment consistently earns 8% every year. This is the rate your money that is invested inside your PDF is growing every year.
On the 10th year, you suddenly needed P20,000 for a personal expense. Since your PDF is worth P84,755 during this time. You have the option to withdraw from it, which you did.
On the 15th year, you need to throw a debut party for you daughter, so you decided to withdraw another P20,000. It is totally okay because your PDF is already worth P135,111.
Your contract ends on the 18th year. Your total contribution for 18 years is P225,000. The money came back to your pocket is worth, 201,818 plus your direct withdrawal worth P40,000 a total of 241,818. How much do you think your total contribution for the whole 18 years you are insured for P1,000,000? Because you have built your PDF, technically, you paid nothing and you received the difference worth P16,818.
And this is how MBLife MOST 18 works.
Key Features and Benefits
1. Affordable Term life insurance. One of the leading and most affordable term insurance.
2. Higher Fund Value. PDF allows higher growth of funds with guaranteed rate of return.
3. Premium Flexibility. Settle your contributions based on a schedule that fits your lifestyle.
4. Withdrawal Advantage. Withdraw anytime without penalty and still have the protection.
5. Level Coverage Risk. Your savings is always added to your protection/coverage.
6. Issue Age is 5 yo to 60 yo. Insure yourself and your whole family.
7. Address Various Financial Needs. Can be used for retirement, pension, education, travel etc.
8. Convertible to Permanent Insurance. You have an option to a permanent policy.
9. Renewable at the expiry date. You may renew your policy after 18 years before you reach 60.
10. Low Chance of lapsation. Premiums may be settled from your investment/PDF earnings.
11. Fund Advantage. You already have savings. You can withdraw in case of emergency
12. Alternative Investment Flexibility. You are free to decide where to invest the difference.
THE FOUR CORNERSTONES OF A STRONG FINANCIAL FUTURE
GROWTH, SAFETY, PROTECTION AND TAX ADVANTAGE
SAFETY - Guaranteed rate not to be lower than the TOP 3 Commercial Banks savings rate.
GROWTH - Potential higher rate pf return on the investment depending on investment performance.
PROTECTION - Term insurance in the MOST 18 is an affordable Life insurance enabling people to buy higher face amount and save more money for investments.
TAX ADVANTAGE - Life insurance total death benefit is not subject to tax
You only protect what is precious to you. You don't protect something that has NO VALUE.
I don’t call it "Life Insurance," I call it "Love Insurance." We buy it because we want to leave a legacy for those we love.
Farshad Asl
Certified John Maxwell Leadership Coach
If a child, a spouse, a life partner or a parent depends on you and your income, you need life insurance.
Suez Orman
American Financier