Most affordable life insurance in the Philippines

There would be a number of options available to you when it comes to trying to find the most affordable life insurance in the Philippines. However, it might not be as simple as it seems because there would be so many choices available. This article aims to help you make an educated decision about which life insurance would be best for you.

Depending on your needs, there would be many life insurance companies that would be available for you. You can talk to your life insurance agent to make sure that the price of the policy would stay affordable for you.

Many factors can affect the price of your life insurance packages, such as age, health conditions and other factors. However, we have picked out the policies that have stood out the most to us, and narrowed it down for you to the top 5 choices.

Top 5 most affordable life insurance in the Philippines

Sun Life’s Sun FlexiLink

The basic plan, without any additional riders, can be as low as 9,600 pesos per year. However, it can get a little more expensive if you have riders. This plan would also be very customizable according to your needs, and it would also have the option to have an investment fund linked to it.

TROO’s Buildweath

This policy would be more of an investment, so if it is your first time to invest, this package might be a good idea for you. The minimum annual investment would only be at 24,000 pesos. You can cash out in 10 years, your policy will already have made a 4 percent growth rate.

PhilAm Life’s Family Provider Protection Plan

This is one of the most affordable plans. You can payout the plan in five to 10 years. The tagline of this policy as it is listed on their site is “Should anything happen to you, your loved ones will get the higher of your plan’s Account Value or life coverage equal to 25 times your yearly payments.” The minimum amount per annum for this type of policy would be 30,000 pesos.

Manila Bankers Life Insurance Corporation’s Money Saver

This is a policy that can give clients good value for their money because it is highly customizable depending on your needs. It is a type of life insurance that can have you insured for up to 20 years, inclusive of disability, retirement, travel, savings and more.

FWD’s Set for Life Protection Plan

This plan would also be one of the cheapest, having 30,000 pesos as the lowest amount you can pay in premiums per year, similar to PhilAm Life. These policies would be payable in five to seven years. The policy would be customizable, you can talk to your financial adviser about this.

These are only our picks for the most affordable life insurances, there are many types of life insurance out there that can help you and your family manage your finances and ensure that you are ready to face any emergencies of tomorrow.

If you are looking to buy life insurance, remember that the policy can become cheaper if you choose to invest earlier. If you are young, free from any type of disease or illness, the policy will always be cheaper. That is one of the most important considerations you have to make for you to get the cheapest life insurance possible.

If you are unsure what this means, it would be a good idea for you to talk to a financial adviser. They will be able to give you valuable advice as to which type of policy and which company you would best invest with.