Financial Wellness with Ace Bombales

This National Heroes Day, securing your family’s future is a brave choice. Protect what matters. Be their hero. 🦸🏻‍♂️

This National Heroes Day, we honour those who stood tall for our nation and remind you that heroism starts at home.

With , securing your family’s future is a brave choice. Protect what matters. Be their hero.

Please hear me out first...

I was having lunch with a former workmate last week... nothing serious, just the usual “kumusta ka na?” catch-up.

He told me about something that happened a few years ago.

Life was steady back then... regular job, rent paid, kids in school, a small savings tucked away for emergencies.

Then one day, the company announced massive layoffs.
He wasn’t worried at first… until his name was on the list.

No warning. No time to prepare.
Within a month, the savings were gone. By the next month, bills kept piling up.

He tried borrowing from relatives and friends… but almost everyone said the same thing: “I’m sorry… things are tight for us too.”

Not because they didn’t care... but because they had their own battles to fight.
Parang baha... when your house is drowning, it’s hard to expect rescue from a neighbor whose home is also sinking.

That story stuck with me.
Because the truth is, no one is safe from sudden storms... and when they hit, no one owes us a rescue.

That’s why we need to build our own lifeboat before the storm comes.
Get HMO. Get insurance. Build an emergency fund. Save and invest.

In short... protect your finances.
Not because you’re expecting the worst,
but because one day… your life may depend on it.

Good news: He has a new job now.... he’s working as an OFW in Dubai.

We have existing solutions already. Sana this year, mas maging knowledgeable pa ang mga Pinoy sa kayang gawin ng insurance sa buhay natin.

Imagine, we are all paying for our food, house rent, vehicles, gas, load, online shopping, pero sa dulo -- insurance yung pwede mo ipamana sa pamilya mo.

No one wants to be a burden -- 𝘀𝗼 𝗯𝗲 𝗶𝗻𝘀𝘂𝗿𝗲𝗱.

Let’s learn from the expert for FREE! Ito na yung sign mo to be more aware about your finances.

“PAGKA-60 MO, MAY ₱XX MILLION KA PA NA PANG-RETIREMENT FUND FROM THIS POLICY”
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You’ll never hear me say this, and here’s why:
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It is not fully safe or ethically sound to market the projected fund value of a Variable Universal Life (VUL) insurance policy as a retirement fund, without clearly disclosing its primary function and associated risks—especially the increasing cost of insurance (COI) as the insured ages.
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Here’s a breakdown of why:
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🔍 Key Issues:
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1. Primary Purpose of VUL:
• A VUL is first and foremost life insurance, not an investment or retirement product.
• The fund value is meant to help fund or pay the increasing cost of the insurance as the policyholder ages—not primarily to be withdrawn as retirement income in the future.
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2. Rising Charges Over Time:
• COI increases dramatically in the policyholder’s 50s, 60s, and beyond.
• If the fund value isn’t sufficient to cover COI, the policy can lapse unless premiums are increased.
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3. Projection vs. Reality:
• Projected fund values are based on illustrated investment returns, which are not guaranteed.
• Poor market performance or incorrect assumptions about premium payments can cause the policy to underperform.
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4. Misleading Marketing Risk:
• Marketing the fund value as a “retirement fund” can mislead consumers, especially if it obscures the dual purpose of the policy and the risk of lapse.
• Regulators in the US (e.g. FINRA, NAIC) have flagged this kind of practice as a compliance risk if not appropriately explained. Ewan ko lang dito sa Insurance Commission sa Pinas.

✅ Responsible Marketing Requires:
• Clear Disclosure:
• Explain that the primary purpose of the policy is life insurance, not retirement savings.
• Clearly show that investment performance is not guaranteed.
• Emphasize that COI will rise substantially with age, affecting policy sustainability.
• Stress-Tested Illustrations:
• Provide projections based on conservative return assumptions.
• Include worst-case or low-return scenarios to show policyholder risks.
• Explain Withdrawal Risk:
• Taking withdrawals from the fund value may cause the policy to lapse if the remaining fund value can’t support the COI.
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✅ When It Can Be Appropriately Used in Retirement Planning:
• If marketed as part of a broader plan, with full disclosure of:
• The life insurance component.
• The conditional nature of fund value availability.
• Minimal partial withdrawal is the most one can do if taking out cash from the plan.
• The need for premium discipline and monitoring of fund performance.
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🔒 Bottom Line:
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It is misleading and potentially non-compliant to market a VUL policy as a retirement fund without making the limitations, risks, and primary insurance purpose abundantly clear.
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While VULs can have a role in retirement planning for certain clients, clarity and transparency are essential to avoid client harm and future trouble.

Every day you hustle para sa pamilya mo…
Pero paano kung bukas di ka na makapagtrabaho?
May plano ba sila? May backup ka ba?"

Life insurance isn’t for you — it’s for them.
Para kahit anong mangyari, tuloy ang buhay nila.

HINDI PANG HABANGBUHAY ANG PAG-AABROAD!

Marami sa mga OFW magreretire ng walang sapat na ipon at hindi alam kung papano magkakaroon ng income dito sa Pinas.
Yung iba inaabot na na 30+ years abroad wala pading sapat na ipon kaya napapaextend.

Plan ahead!

Start by talking to your trusted financial advisor.
Message me if you don’t have one and I’ll be more than glad to assist you. 😊

Ready to insure lives again this 2025.
The mission continues. 🔥

Matatabunan na naman nila Maris at Anthony ang mga posts ko about insurance.
Hayssss 😪

Get yourself life insurance.
You are getting old.

Dont skip my post im still talking to you. 🤨

Underrated Gift to our Parents this Christmas:

LIFE AND HEALTH INSURANCE ✍🏼