VUL (Variable Unit Linked) are life insurance plans that also has an investment component in it. Since it allows you to allocate portion of the premium to be invested in the stock market. Many ‘financial experts’ as they call themselves disagree with VULs, since, they say “life insurance policies are best taken separate from investments…
Category Archives: Basics
The Ultimate Expression of your LOVE for Your Family
Let me tell you a real story on how a father was able to prove his love for his family. This is a real story of Erick and it happened 10 years ago. Erick is a life insurance agent, Mang Silo was a friend, a farmer with a wife and 5 kids. Erick approached Mang…
Buti pa ang Kotse Insured, Eh Ikaw?
“Hi doc Pinky, this is Jonathan, I would like to stop paying my life insurance.” May I know why? I said. “I recently bought a car and I can’t pay for both.” (Jonathan) “I also have a car and I know that the life insurance you got from me is only 10% of what you…
Is Employer Sponsored Life Insurance Enough?
My employer provides me life insurance coverage, is that enough for me? In the Philippines, Life insurance benefit from companies is not usually required by the government. But if your company is wise enough, it is a risk mitigating tool they can use in order to decrease the operational cost if something happens to their…
The Cost of Dying in the Philippines
I am writing this while in Loyola Memorial Chapel in Sucat, Paranaque. I am not here just because I want to write this, I am here because I am in a wake of relative close to our family, Uncle Bien. It’s been the second death in our family this October alone, another uncle died earlier,…
The Top 10 Life Insurance Companies in the Philippines The Most updated and Most Unbiased Review 2014
This is an update of my last year’s post, The Top 10 Life Insurance Companies in the Philippines The most updated and most Unbiased Review (2012) New Update: Top 10 Life Insurance Companies in the Philippines 2015 It’s February 2015, the Insurance commission hasn’t yet released the 2014 ranking of the top insurance companies in…
Life Insurance, How much is Enough?
“I already have life insurance.” One of the most common rejection lines life insurance agents receives. But, are you sure you are really covered enough? According to statistics, only 4 out of 100 Filipinos have certain form of Life Insurance in the Philippines. And of all those who have Life Insurance, only 1 out of…
10 Things You Really Should Know About Your Life Insurance Policy You Never Knew
Many Filipinos shy away from life insurances. I don’t exactly know why, since I know many benefits it can possibly provide. Maybe most Filipinos are still trapped from the old mentality that, “I don’t need money when I am dead” knowing that life insurance proceeds are given only when the owner of the policy dies…
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