TOP 5 REASONS WHY LIFE INSURANCE IS IMPORTANT IN THE LIFE OF FILIPINOS

gobrighterlife.com.insuranceMost Filipinos avoid or don't want to talk about life insurance because it means discussing benefits from someone’s death. Before, only the beneficiaries can enjoy most of the insurance benefits. Up to now, this is what instills in our minds and one of the reasons why life insurance is not popular in the Philippines.

If you will ask someone to choose between phones, laptops or other gadgets and life insurance for sure they would choose gadgets because they can easily see and enjoy their benefits. They would think that life insurance is just an expense because they are paying for something they haven’t enjoyed.

Time has changed; nowadays life insurance has many benefits to Filipino family. Let us discuss some of them.

  1. INCOME REPLACEMENT

We work hard to provide family needs and give the best to them. However in case, the breadwinners die a natural death, sickness or accident, dependents will definitely be affected. This can be emotional, psychological but most especially financial. Without the breadwinner’s income dependents will struggle where to get money for paying school bills, household bills, buying foods and other daily expenses. This could affect their financial and emotional stability. Proceeds from life insurance policy can act as an immediate replacement to the breadwinner’s lost income. Family members can use this either to start a business or invest in any financial tool that will earn an income to support the monthly expenses. Just make sure to manage properly so that funds would not dry up.

  1. EDUCATIONAL FUND

Most Filipinos believe that the best inheritance they can give to their children is education. But nowadays education is getting more expensive and the government’s support for education is limited. The premature death of parents or breadwinners will cause uncertainties for young children’s future. Good thing, some life insurance policy now can cover, if not all but, part of their children’s education expenses. Since this is a life insurance the premium will be waived in cases of total disability.

  1. MEDICAL EXPENSES

“Health is wealth. “ I always hear this since I was young but only realized what it meant when I experienced it. Hospital bills, laboratory examinations, and medicines will drain whatever savings you have especially if you are not prepared. Some life insurance policies offer benefits in case you acquire one dreaded disease. Depending on the type of policy, the amount of money will be immediately available after submitting the required documents.

  1. EMERGENCY FUND

You can withdraw from accumulated fund value to finance emergency situations. These fund value may not be easily accessible like bank’s ATM but will definitely a big help.

  1. FUNERAL EXPENSES

Death is inevitable. Nothing can replace you from their heart, but planning ahead with life insurance can make things easier for them. Death benefits from life insurance can cover funeral expenses without additional hardship and further stress for them.

Life insurance is never a fun conversation to have. But when you talk to someone who genuinely thinks of your welfare, you may find life insurance as something you want and not only need, to protect your family, dependents, business and even your legacy.

The best time to get life insurance is NOW. You don’t know what tomorrow brings so it is better to be prepared.

To know more about life insurance, schedule a FREE and NO OBLIGATIONconsultation NOW. Email me at billones.arnold@gobrighterlife.com

Disclaimer: This website reflects only the views and opinions of the author and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisor/agents and the employees of any insurance or investment company.

 

8 REASONS WHY YOU NEED LIFE INSURANCE

Gobrighterlife. com.InsuranceAmazing Facts with Life Insurance

Everyone struggles to attain a good future, comfortable, and a happy family life. Every person works all day and an average of 260 days a year. Why? We all work to have adequate foods on our table and to support our daily needs, but have you thought about your future? Are you going to work for the rest of your life to support your needs? Will your salary last until your last breath? Tomorrow may have their own anxieties but being prepared now will make things easier in the years to come. If you are in your 20’s, you may think that planning your future is too early or saving a penny is not important if you’ll have pension soon after your retirement. But is it so? People barely ponder over the importance of lifetime insurance, but probably it will save your life!

You’ll never know what tomorrow brings, but with life insurance,  you ensure your future!

8 reasons why you need life insurance:

  1. You’ll never know what tomorrow brings. There are lots of uncertainties in life. Unexpected illness or accidents may happen at times we least expected. Having a life insurance will save your family’s future. Even when you’re gone, insurance will help your family pay the mortgages, college expenses, and bills.
  2. Death should not be a burden to your family. Do you know that the funeral service costs range from 18,000 at the lowest end of the market to a whopping 2.5 million? Your family has enough burden to handle, including their emotional stress. If you buy life insurance, it will pay for your funeral service, and your family will not need to worry about payments for funeral services.
  3. We can’t escape the reality – we get old and we get sick. When terminal illness suddenly appears, the family will do everything to pay for your hospital expenses. Hospital expenses are more than enough to consume all your savings. Spending for hospital expenses also means being financially bankrupt or unstable. Lifetime insurance can pay for hospital expenses when unwanted circumstances arrive.
  4. Insurance frees your family from debt. The surviving family members may experience tremendous burden when unwanted debt pass through them. Lifetime insurance will help you cover all your financial responsibilities after death.
  5. Before death, we make sure we leave something for a good cause. If you don’t have much family to handle, or you are living single in your life, you can choose to let a charity benefit from your insurance.
  6. Insurance is affordable. Most of the people don't consider an insurance because they think it’s a lot of money to spend, but little did they know that without insurance, you can lose more money than you expected. You don’t have to invest all your money in lifetime insurance. You can invest an amount of money depending on your means.
  7. It saves your business from financial loss. When a business holder or business partner dies, the business is at stake. Insurance will save your business from financial loss and instability and it will help the company to be stable.
  8. You don’t need to work for the rest of your life. Lifetime Insurance can supply your retirement. With life insurance, you can invest a certain amount of money for your retirement savings and in return, it will be useful for future use. Retirement savings invested in lifetime insurance can be used as long as you live.

The family is where the love is, life insurance express it the best way.

Investing in Life Insurance will give you enough peace of mind. It also gives peace of mind for your family as well. Imagine them free from burden when unexpected happenings occur. If you are the one paying for bills, and they depend on you, you have to consider an insurance to ensure your family in the financial state. Insurance is not limited to elderly or those who are raising a family. It applies even to the young ones who are just starting a job. When you save early, you can benefit more in the future. Get covered while you can, so you’ll never regret it in the future when getting insurance turns to be hard.

Will you wait for tomorrow? NOW is the right time to ensure your future!

You don’t know what tomorrow brings so it is better to be prepared.

To know more about life insurance, schedule a FREE and NO OBLIGATIONconsultation NOW. Email me at billones.arnold@gobrighterlife.com

Disclaimer: This website reflects only the views and opinions of the author and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisor/agents and the employees of any insurance or investment company.

 

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