01/07/2024
While other nearby countries like Taiwan and Singapore boost a 9 to 10% Insurance pe*******on, Philippines was only at about 1.6%. One of the main contributing factors here maybe is our lack of familiarity with how this thing works.
Let me share with you some of the pinaka ~famous~ misconceptions about life insurance:
๐ ๐๐๐ต #๐ญ โ ๐๐ถ๐ณ๐ฒ & ๐ต๐ฒ๐ฎ๐น๐๐ต ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ถ๐ ๐ฒ๐
๐ฝ๐ฒ๐ป๐๐ถ๐๐ฒ.
The amount you pay for your coverage depends on many factors like your age, health condition, occupation, etc. So the younger and healthier you are, the more na you can avail policies na costs less than Php 20 per day lang.
๐ ๐๐๐ต #๐ฎ โ ๐ฌ๐ผ๐ ๐ฑ๐ผ๐ปโ๐ ๐ป๐ฒ๐ฒ๐ฑ ๐น๐ถ๐ณ๐ฒ ๐ฎ๐ป๐ฑ ๐ต๐ฒ๐ฎ๐น๐๐ต ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ถ๐ณ ๐๐ผ๐ ๐ฎ๐ฟ๐ฒ ๐๐ผ๐๐ป๐ด ๐ฎ๐ป๐ฑ ๐ต๐ฒ๐ฎ๐น๐๐ต๐.
Getting insured early means high chances of approval + cheaper premiums. Yes, you may not need the insurance claims now but when you get older and your health declines, you will thank yourself for preparing ahead.
๐ ๐๐๐ต #๐ฏ โ ๐ฌ๐ผ๐ ๐ฑ๐ผ๐ปโ๐ ๐ป๐ฒ๐ฒ๐ฑ ๐น๐ถ๐ณ๐ฒ ๐ฎ๐ป๐ฑ ๐ต๐ฒ๐ฎ๐น๐๐ต ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ถ๐ณ ๐๐ผ๐ ๐ฑ๐ผ๐ปโ๐ ๐ต๐ฎ๐๐ฒ ๐ฑ๐ฒ๐ฝ๐ฒ๐ป๐ฑ๐ฒ๐ป๐๐.
If you live independently, all the more na kailangan mo ng funds in case you get sick. Hiring caregiver + other medical related costs can be costly, and since you have no one else to depend on, preparing a head is a must.
Also, life insurance proceeds can be used to pay for your final expenses and a gift to people na close to your heart na rin. โฅ๏ธ
๐ ๐๐๐ต #๐ฐ โ ๐ฌ๐ผ๐๐ฟ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐-๐๐ฝ๐ผ๐ป๐๐ผ๐ฟ๐ฒ๐ฑ ๐น๐ถ๐ณ๐ฒ ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ถ๐ ๐๐๐ณ๐ณ๐ถ๐ฐ๐ถ๐ฒ๐ป๐.
Coverages like this is only effective while you are employed and while the company feels like giving so. Any changes in your employment status and companyโs benefit structure puts your coverage at risk. Sobrang sad story kapag mawalan ka ng company-sponsored insurance when you are no longer insurable.
๐ ๐๐๐ต #๐ฑ โ ๐๐ถ๐ณ๐ฒ ๐ฎ๐ป๐ฑ ๐ต๐ฒ๐ฎ๐น๐๐ต ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ถ๐ ๐ผ๐ป๐น๐ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ถ๐บ๐ฎ๐ฟ๐ ๐ฏ๐ฟ๐ฒ๐ฎ๐ฑ๐๐ถ๐ป๐ป๐ฒ๐ฟ.
Stay-at-home parents/ secondary earners have significant contributions to the household too, and you may not realize it now, pero losing them would have a financial impact as well.
So, ayon. If other countries can do it, maybe we can too. We just have to be more open sa idea, be more educated, and unlearn the myths na was fed to us.
Happy to answer life insurance inquiries โ just chat or call hehe ๐ฌ
Charmaine Belza
๐09457281333
