21/07/2024
My client doesn't want VUL, life insurance.
Afraid of "losing" money
It's more scary not to buy a life insurance and it's the first to use it vs not to buy it than to need it.
SMALL PROBLEMS YOU CAN ABSORB.
BUT BIG PROBLEMS CAN ABSORB YOU.
In short, P3,000/mon premium you can easily set aside. But P1,000,000 in critical illness fund needed when we get sick can strip us off from our lifetime savings.