Killing Me Softly
By rakski
@rakski (156239)
Philippines
April 13, 2018 2:21am CST
Hello everyone.
My life plan had lapse. Argh.
I bought a life plan payable monthly for 5 years. I am a practical person. I do not want my family to be burdened out when I die. I have been paying for it diligently for almost 3 years now and then this.
But now, I was informed that it has lapsed. Because the collector/agent resigned and no one collects from me. I tried to contact the agent to no avail.
Good thing I can request for reinstatement but the hassle is I have to go to their office. 
I recently bought a vault in columbarium on sale. 
Sorry for those who does not want to talk about these but I see it very practically.
Do you prepare for your future?
Do you buy pensions? life plan? columbarium or memorial lots?
But now, I was informed that it has lapsed. Because the collector/agent resigned and no one collects from me. I tried to contact the agent to no avail.
Good thing I can request for reinstatement but the hassle is I have to go to their office.
I recently bought a vault in columbarium on sale.
Sorry for those who does not want to talk about these but I see it very practically.
Do you prepare for your future?
Do you buy pensions? life plan? columbarium or memorial lots?11 people like this
13 responses
@Jessabuma (31696)
• Baguio, Philippines
13 Apr 18
I have health insurance and life insurance also...
3 people like this
@Jessabuma (31696)
• Baguio, Philippines
13 Apr 18
@thesupersingh hehe .. yes I guess so
1 person likes this
@Jessabuma (31696)
• Baguio, Philippines
13 Apr 18
@thesupersingh Wow! That's nice
1 person likes this
@Jessabuma (31696)
• Baguio, Philippines
13 Apr 18
@thesupersingh hehehe!!! Okay
1 person likes this
@hereandthere (45628)
• Philippines
13 Apr 18
how much is the vault? how many ashes can we put in there?
3 people like this
@hereandthere (45628)
• Philippines
14 Apr 18
@rakski but do you only pay one time, when you purchase it? or do you they have annual fees?
2 people like this
@rakski (156239)
• Philippines
14 Apr 18
@hereandthere it depends on you. You can pay it in cash which has more discounts actually. But if you do not have outright cash, you have the option to pay monthly, quarterly, semi annual or annually. It is payable for 3 years
So it is all up to you.
2 people like this
@rakski (156239)
• Philippines
14 Apr 18
In one vault, you can put 4 urns there. The vault price depends on the location if aircon or non-aircon and if it is near the chapel. And also one thing good in this columbarium is its perpetual use. meaning lifetime. one vault can cost from 30,000(pesos) up to 125,00 also depending on the level.
2 people like this
@AKRao24 (27422)
• India
13 Apr 18
This has happened with me one time! What all I could was the premium what I paid for 20 years back as I missed paying two consecutive payments because of the lapse on Agent's part. There after though I am not eligible for insurance any more I see to it that my son's premium should go in time and paying on line is the good option. I think you should also go in for online payment option dear @rakski ! Thanks!
2 people like this
@hereandthere (45628)
• Philippines
14 Apr 18
how many years to pay is the life insurance that you got shavkat? do you pay annually, quarterly, etc?
1 person likes this
@Letranknight2015 (52665)
• Philippines
14 Apr 18
I tried educational plan from Philam life but they screwed it though my mom's credit card. And then another one with the UK life plan but we couldn't afford to pay it all the time so it got lapse.
2 people like this
@hereandthere (45628)
• Philippines
14 Apr 18
you mean when it lapses, you can't recover the money you paid?
1 person likes this
@rakski (156239)
• Philippines
14 Apr 18
@hereandthere
Yes. When it lapsed, you money is gone. Poof
1 person likes this
@mlgen1037 (29882)
• Manila, Philippines
13 Apr 18
Yes... I have all those, even I have the memorial plans. Better be ready than sorry.
2 people like this
@hereandthere (45628)
• Philippines
14 Apr 18
do you have memorial plots, too, louise?
2 people like this
@mlgen1037 (29882)
• Manila, Philippines
14 Apr 18
@hereandthere Yes, my parents bought for us, my dear friend. Also a columbarium like Rakski's.
2 people like this
@mlgen1037 (29882)
• Manila, Philippines
14 Apr 18
@rakski That is true. My parents and my aunt told us that because we will never know when our time is due.
1 person likes this
@1hopefulman (45111)
• Canada
17 Apr 18
I think it wise to prepare for the future as it will come one day. We do these kind of things because we love our family.
1 person likes this
@epiffanie (11325)
• Australia
16 Apr 18
We are prepared for the inevitable ... We also don't want to burden our family whe nthe time comes ..
@ridingbet (66854)
• Philippines
14 Apr 18
i had a life insurance but i already collected it when i finished paying it.
1 person likes this
@ridingbet (66854)
• Philippines
15 Apr 18
@rakski not anymore. i have my time deposit, and some more from government institutions.
1 person likes this
@Starmaiden (9308)
• Canada
19 Apr 18
I dont have insurance of any kind. Personally, I think it's a scam. Your agent should have hired someone to replace him/her before retiring. To leave his clients high and dry like that was very unprofessional.
1 person likes this
@rakski (156239)
• Philippines
19 Apr 18
@Starmaiden you are very right there. He should have turn over his account to another person in the company
1 person likes this
