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Fun is like Life Insurance; the older you get the more it costs.

02/07/2023

â„šī¸ 𝐅𝐀𝐂𝐓 𝐂𝐇𝐄𝐂𝐊: the premium you pay for a variable plan (insurance with investment) goes to two things.

â„šī¸ Premium = CLAIMABLE insurance + WITHDRAWABLE fund value

â„šī¸ Yung premium hindi ito withdrawable. Only the fund value is withdrawable - if there is any. On the other hand, ang insurance ay hindi withdrawable - ito ay claimable only if in the event critical illness, accident, disability or death happens.

â„šī¸ Walang fund value for TERM INSURANCE or TRADITIONAL PLANS.

â€ŧī¸â€ŧī¸â€ŧī¸
Need help on personal finance management? Want to start your insurance plans and investment journey? Pm me to get started 😊

Credits to:
Pru Life UK - Insurance + Investments

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