In stage 4 of financial planning, I talked about basic ideas of insurance products. I am going to dig a little deeper about them. I am doing this because we, Pinoys, may have an idea or two about insurance in general but most of the time we really never completely understand what they are, their purpose and…
Here is the list of insurance companies in the Philippines whose licences are renewed until the year 2018 by the Insurance Commission. The list is in no particular order. Life insurance companies Philippine AXA Life Insurance Coporation Allianz PNB Life Insurance, Inc. (Formerly: PNB Life Insurance, Inc.) Pioneer Life Inc. Philippines lnternational Life InsuranceCompany, Inc. Beneficial Life…
All of us needs insurance as a way to protect ourselves from unexpected emergency situations. However, there are many types of insurance cover, and I have mentioned a few in my first post about insurance. The list can be overwhelming. Each company has its own product that’s not available in another, making the list even longer. To help you better…
Life is full of surprises. It can throw both the good and the bad in your way. When bad things happen, make sure you are prepared financially with insurance. Here are the 7 reasons why getting insured can be your life-saver. 1. Insurance manages life’s risks. Situations like critical illness, accident and death are life’s…
Life insurance is an important aspect of financial planning, but it is sadly the least understood. In the hope that I can help you make your decision on buying one, here are quick answers to frequently asked questions by Pinoys. Can I choose more than one beneficiary? Yes, you can. If I have more than one beneficiary, how much…
Choosing your beneficiaries is a major decision. When you buy insurance in the Philippines, they are among the things asked from you. You will need to give a name or list of people to be part of your policy. At first, you would think they’re simply a part of the process in getting a life cover. Later on, they…
Insurance companies in the Philippines offer their products to everyone. But that does not mean all can go ahead and buy a policy. That is because of one question. Are you insurable? Insurability Insurability means that you meet certain standards that would allow you to buy an insurance product. Remember that insuring your life is about risks….
Insurance is an important part of financial planning as a way to build strong financial foundation. It helps prepare for any untoward, trying events in our lives such as sickness or demise by providing financial assistance during the times that we need it. According to the Department of Health, the leading causes of death in the Philippines are diseases related…
What are the best HMO plans in the Philippines? Are you looking for the best prepaid HMO cards? This article is for all Pinoys looking for an affordable HMO plan: freelancers, self-employed, individuals, senior citizens, families, and employers (business owners of corporations and SME/small and medium enterprises). The goal of this article is to let…
What is the best companies offering insurance in the Philippines? This is an important question because many websites and blogs have different claims, so this article consolidates reports from the Insurance Commission released in July 2022. 2022 Insurance Commission report We all know the importance of having a life insurance policy. It protects us from the cost…
We’ve covered life insurance in the Philippines quite extensively. We discussed the purpose of getting insured, test for insurability, adding a rider, the general types of insurance products in the market, list of insurance companies you can buy them from, and common questions. In this article, we’re going to talk about term insurance. What is term insurance In our country, term insurance is a type…
A variable universal life (VUL) is a type of life insurance with a built-in savings. In its basic form, it is a life insurance so it pays off when the insured person dies. At the same time, a part of what you’re paying goes to some sort of income-earning financial instrument. There are many different VULs in the Philippines as…
Are you looking to buy an insurance plan? Whether it is a variable universal life plan, a term insurance, or one with critical illness cover, it is always worth checking the provider that’s offering products in the market. This article is going to discuss the 2019 Insurance Commission (IC) report. The report is all based from the financial statements filed by…
A life insurance policy in the Philippines is pretty straightforward. It ensures that your life is secured. So, even if an unwanted accident or detrimental health issue happens, you know that your entire family’s life will not be put to a financial debt. Meaning, your insurer will pay your family in the event of an untimely death….
Insurance is a way for your family and beneficiaries to receive money on your untimely death. Sadly, most of us Pinoys have grown allergic to talks about death and life insurance products in general. Culturally, we stay away from or avoid bringing up the topic of dying and death in conversations because doing so would somehow, in some…
Why do you need to buy insurance? And when you buy one, what are the advantages of buying a life insurance policy? You may find that we cover this topic extensively in our blog, and it’s because we believe in it. We advocate for every Pinoy to get insured. We’ve already covered your insurance needs at…
There is an ongoing debate whether it makes sense to buy a life insurance for your kids. Many experts in the industry don’t seem to quite agree. While it is ultimately your decision, it pays to understand the two sides of the coin on this matter. On one hand, an advisor claimed that children don’t need it…
We’ve covered the general rules and Philippine laws on picking your beneficiaries in an earlier article. But frankly, you are not expected to know them when buying life insurance in the Philippines. It’s for need-only basis. Anyway, your advisor or insurance company can answer your questions any time. You can also read our articles, send us a message and we’ll get back to you right away. That’s why,…
How do you know that you need life insurance? When is the best time to get insured? What stage in your life should you buy life insurance? Whether you already have a policy or you are still thinking of getting one, these are questions that you might have when you come across life insurance products available in the Philippines….
Nowadays, getting insurance is a fairly huge matter to talk about; after all, who doesn’t want to be insured? We all know that in order to protect and insure our vehicles, we always search for the best auto insurance company. Many car owners believe that comprehensive insurance is an unneeded extra expense. However, if unforeseen…
As the back to school season kicks off, a lot of Filipinos are still not aware of educational plans which help them and their family have enough money for education. Having this for your child ensures that they would have the means to study and finish college, a feat not every Filipino can achieve. Going…
