I GOT THIS QUESTION:
I want to i know your opinion on VUL and BTID. If you have time maybe you can share your thoughts about this one. ☺️
I unfortunately purchased VUL.
I feel that BTID might be a better strategy but only if you know what you’re doing.
I know how to cook.
When I eat out, I never order steaks, salads, and pasta.
These meals are extremely expensive at restaurants.
I enjoy these meals at home.
However, I understand the kind of work needed to make ramen.
So I end up paying ₱500 for a bowl even if I can recognise that the meal contains ₱80 worth of ingredients.
That said buying term may be more economical if you know what you are doing.
VUL has more fees for a reason.
It also depends on what you mean by VUL. Is the fund using a Mutual Fund or and Index funds.
I just decided to keep my current VUL and paying my obligations with zero intention to upgrade.
I get value from my FA servicing me and assisting in my transactions so I don’t mind paying the hefty fee.
I’m topping up the index funds instead moving forward.
I am praying for your success. God bless!
If you made it this far, you should introduce yourself.
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