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…
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….
