Masarap marinig na may "free" life insurance o income protection ang bagong employer mo. Totoong benefit ito na nakakatipid ng libo-libo sa premiums. Pero minsan, nagiging delikadong false sense of security.
Ang group insurance, cover na ibinibigay ng employer, maganda bilang base layer, pero hindi ito dapat maging *only* layer. Kailangan mong maintindihan ang "gap" sa pagitan ng binabayaran ng employer at ng tunay na kailangan ng pamilya mo.
Karaniwang Coverage (At Kulang)
Kadalasan, standard formula ang group schemes.
- •Life Insurance: Usually 2x–3x ng annual salary. Kung $80,000 ang salary, $160,000–$240,000 ang payout.
- •*Gap:* Kung may $600,000 mortgage at dalawang anak, hindi magtatagal ang $240,000.
- •Income Protection: Karaniwan 75% ng salary sa loob ng 2 o 5 years.
- •*Gap:* Kung permanent disability sa edad 40, pagkatapos ng 2 years wala nang income support hanggang retirement.
"Portability" Trap
Nakakabit ang cover sa trabaho. Kapag umalis ka o na-redundant, tigil ang cover.
Continuation Option: Maraming schemes ang may option para i-convert ang group cover sa personal policy nang walang medical questions, basta mag-apply sa loob ng 30–60 days.
Pero tandaan: ikaw na ang magbabayad, at mas mataas ang premium.
Tax Implications
- •Life at Trauma Payouts: Karaniwang tax-free.
- •Income Protection Payouts: Taxable income at may PAYE.
*Note: Hindi mo kadalasang puwedeng i-claim ang premium deductions dahil employer ang nagbabayad.*
Paano Mag-"Top Up" Smartly
Danger ng Complacency
Maraming tao ang hindi nag-aapply ng personal insurance dahil "covered" na sa work. Pag-alis nila, hindi na sila ma-approve dahil may health conditions na.
Best strategy: kumuha ng base level personal insurance habang healthy, at treat ang group cover bilang bonus lang.
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