VUL Policy from Sun Life PH

[namelesschristainjourney1]

is there anybody here who have experienced getting a VUL policy from Sun Life and instead of earning some in the invested money ends up with a lesser and lesser fund value that can be cashed out later on?

makes you feel like you have been scammed by such company, they have already made profit from the money you have invested and yet you as an investor ends up with a lesser fund value and not even earning a single centavo

any advice on this? can they be sued for misleading you to believe that VUL is good investment?

 

[andrew_x7398]

@namelesschristainjourney1 If I remember it right, there is a part of the policy contract kung saan nakasaad that you acknowledge the risks that comes with getting a VUL policy, kasama na do'n ang not guaranteed returns on the investment part of the insurance policy, something like that. Kaya mahalaga na basahin every part ng policy contract bago pumirma.

Best to talk to your advisor and ask about the historical performance of the fund since you got the policy kasi nakadepende ang returns sa performance ng chosen fund mo. Kasi 'yong friend ko na former client ko din noong nasa Sun pa ako, kachat ko siya last week and 'yong fund value naman niya ay swak sa projected 4% return on the 5th year of her policy.

Depende kasi talaga 'yan sa fund performance and what events could have possibly contributed to the fund's current performance. If di ka happy sa returns ng current fund mo, magpatulong ka sa advisor mo kung saan mas okay ilipat ang funds mo depending pa rin syempre sa risk appetite mo when it comes to investment. Kulitin mo advisor mo about these things, sulitin mo 'yong part ng payment mo na napupunta sa kanya by maximizing the service that you pay for.

 

[namelesschristainjourney1]

@andrew_x7398 thank you for clarifying

though kinulit ko na ng kinulit yung FA ko since ng makita ko na mababa during the first 2 years pero lagi lng sinasabi na minomonitor nya daw which now i highly doubt that ginagawa nya nya...ngayon ang bukambibig is dahil daw kase sa pandemic...umaaksyon lng sya pag matindi na pangungulit ko...ilang beses na din nagreallocate ng funds pero talagang wala nangyayari...the sad part kada iaallocate e lalo nababawasan fund value ko at yung magiging find return ko kung iwiwithdraw ko na

the funny thing is nagpopost si FA ko sa FB ng about sa clients nya na almost same time din ng magopen ako ng VUL sa kanya e dumoble ang fund value at malaki nakuha ng nagmature ang fund this year...so ano ba talaga paniniwalaan ko sa kanya talaga,,,misleading at misrepresentation ang ginagawa

 

[andrew_x7398]

@namelesschristainjourney1 Ohh nako mukhang kay FA mo nga ang main issue talaga, kung may clients pala siya na may magandang returns eh di sana 'yon na din ni-recommend niya na fund sa'yo di ba? And oo totoo din na may mga situation talaga kung saan mababawasan ang fund value mo lalo na if mas mahal ang price per unit ng fund na nilipatan mo.

Weird flex nga na proud siya na may client siya na kini-claim na nagdouble ang fund value pero at the same time may client siya na poor naman ang performance, and based na din sa experience ko meron din talagang FA na magbabrag ng kung anu-ano bumango lang ang image sa social media

Baka may iba ka pang kilala na FA sa Sun? Pwede ka din kasi mag change ng advisor if di ka na masaya sa service ng current FA mo, may form 'yon eh "advisor change request" ata tawag do'n if I remember it right. If meron kang kakilala na ibang advisor sa Sun na maaring friend mo din or kamag-anak or anyone na alam mo na mas mapagkakatiwalaan mo at mas bibigyan pansin ang concerns and inquiries mo, pwede ka magsabi sa kanila tapos 'yong mapipili mo na FA na ang bahala na ipadala 'yong request mo sa head office para ma-transfer ka sa kanila as their client.

 

[namelesschristainjourney1]

@andrew_x7398 Thank you sa info at idea...di ko alam na pwede pala magpapalit ng FA...you got me something to think about at magawan ng aksyon agad.

 

[andrew_x7398]

@namelesschristainjourney1 Your welcome, hopefully makahanap ka ng FA na aalagaan ka talaga as his/her client

 

[shiningbrightly318]

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