ARE YOU A BELEIVER OF LIFE INSURANCE?
I had always believed in life insurance because I love and care for my family. I know that I don't control my life. So, I invested in it.
The X-curve concept really affirmed my belief when I heard in the membership orientation regarding the two "ifs" in life, what if you die too soon? Who will take care of your family and their dreams.
I believe that owning a life insurance is a privilege. It is my gift to my loved one when God calls me back.
They will only miss my physical presence but not my financial provisions. After all, no one escapes death.
It's not a fun topic. But it should be part of anyone's financial plan in putting his love for his family in concrete terms.
WHY LIFE INSURANCE IS IMPORTANT
Here’s one thing that I want you to understand and ill make it very clear. You wont benefit from life insurance. But… the people that you love, your family, will. The main purpose of life insurance is to replace your income if something happens to you.
Let’s illustrate:
Let’s say you are the breadwinner of the family and you have a monthly income of Php25,000 (Php300,000 yearly). Because you love your family. you bought a life insurance with 3 million coverage.
In the event that something happens to you, your family will receive the Php 3 million. What will they do with the 3 million? Well its up to them because your no longer around. They could spend it all in few years, months or even days. However, if you teach them to save and invest that 3 million pesos, it could go a long way.
If they invest the 3 million at an interest of 10% per year, your family will be receiving 300,000 as interest yearly without touching the principal.
Please note that while you are alive, you are providing your family 300,000 yearly. But when you’re gone, the life insurance you bought provides the same amount. This is because life insurance is your INCOME REPLACEMENT. This means that, your family can live, and your daughter can finish her studies and graduate and they have funds to use for their daily expenses.
IS LIFE INSURANCE REALLY EXPENSIVE
We always thought that life insurance is expensive and only the rich can afford it. But you know what? That’s not true at all if you know how to buy life insurance.
Let me share with you about the most affordable life insurance that I know of. This is the Manila Banker’s Life Multiple Option Term Insurance 18 (M.O.S.T. 18). This is by far one of the most affordable pure term life insurance in the country right now.
For example:
At age 30, you can get 1 million Life Insurance for a price of Php 5,710 per annum or around Php 16 per day.
Manila Bankers Life is now under new management and is part of the growing companies affiliated with International Marketing Group. IMG acquired Manila Bankers Life because they want to deliver their promise to provide a more affordable yet higher insurance coverage to Filipinos.
I'm NOT going to offer life insurance. What I’m offering you is an opportunity to show your love to your family by protecting their future.
DO YOU WANT TO PROTECT YOUR FAMILY?
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