27/03/2021
Debunking the 10 Reasons Why You Don’t Need Life Insurance:
1. Your pension will never be enough to cover for your basic needs once you retire. Nag-iiba ang Time Value of Money (TVM). Yung candy na piso ngayon, baka limang piso na after 10 years.
2. Not saying it’s bad to provide for our parents but “A child is not a parent’s retirement plan.” Let’s be responsible enough and stop making our future offsprings a ‘Sandwich Generation’ just like us.
3. You’re too young that’s why it’s better to get insured because it’s cheaper, it’s easier to get approved plus you’ll never stay young forever.
4. Why don’t you create your own wealth. It’s fulfilling and it’s a good legacy, isn’t it?
5. Until when will you be able to work and make a lot of money? Plus you’re making a lot of money, so it’s good to set aside some of that and invest in yourself.
6. You will never retire. The question is, are you still able to work even if you are 60, 65, 70, 75, or maybe even 80? Won’t you get sick?
7. How sure are you that your parents made you the sole heir to their riches? And would that be enough to cover for all your basic needs and emergencies when you live too long?
8. We have to accept the fact that we all are GOING OLD, unless you have some elixir of life, or unless you have The Ring like Bilbo Baggins or some sort.
9. Winning the lottery has .00000001% chance of a lifetime.
10. You know the answer to this: You are a mortal. Just like food, humans are perishable. Even Harry Potter couldn’t bring back his parents, or anyone to life.
So choose a for you and your loved ones. Preparation is better than none at all.