It can be quite confusing in terms of the language of life insurance. Being fluent in life insurance requires some patience, but if there is one term to get extra familiar with, it’s “premium”. This word has everything to do with what you’ll pay to keep your coverage in place. Life insurance has its own language. Words life beneficiary, rider, and underwriting come up frequently when you’re shopping for life insurance coverage and after a while, the terms can start running together. 

To simply understand having a premium life insurance investment here in the Philippines, simply put premium means a payment. It’s the amount of money you pay your life insurance company in exchange for your coverage. Calculating a premium can seem a little mysterious. When deciding whether life insurance is a good investment, it’s important to understand its benefits.  Most people don’t understand if having premium life insurance is worth it, so here are some reasons why it is.

Financial stability for your loved ones

A life insurance premium in the Philippines is a payment, just like the mortgage, the utilities, the student loans, and the Netflix. But if you died unexpectedly and your family faced financial uncertainty, the premiums you paid would be more than just another monthly bill. They’d offer a doorway to financial stability for your loved ones.

Take care of your business

This 2021, a life insurance premium isn’t just for individuals. It can protect a business from financial loss, liabilities, or instability in the case of the death of the business owner/partner. Whether providing necessary short-term cash keeping operations going until things settle, life insurance can be valuable in maintaining the business you’ve worked so hard to build. 

Helps achieve long-term goals

Since having life insurance in the Philippines is important in 2021, it also helps achieve your long-term goals such as buying a home or planning your retirement. It also provides you with diverse investment options that come along with different types of policies. Some policies are tied to certain investment products that pay dividends based on their performance.

Supplements your retirement goals

Who wouldn’t like their retirement savings to last until they do? With a life insurance plan, you can ensure you can have a regular stream of income every month. Putting money in an annuity is like a pension plan, put in some money regularly in a life insurance product and enjoy a steady income every month after retirement. 

Shop around and determine your actual life insurance needs, lock in a term life rate that takes advantage of your current youth and good health. Each time you make a premium payment, you’ll know it is going to financially protect your loved ones. Definitely a good and worthy investment! This 2021 a good place to start if you are located in the Philippines is Manila Bankers Life Insurance Corporation. One of the longest-standing insurance companies in today’s market that have been around since 1967. 

When it comes to investments, some ideas are better than others. People should consider their situation, what they are good at and the amount of capital they have before even considering what type of investment they should go into. This article will talk about the possible investment opportunities and how they can benefit you.

What is an investment?

As mentioned earlier, the “best” investment may differ from person to person. One has to seriously consider their personal circumstances before actually putting their money into something.

More often than not, if a person invests their money in the wrong place, or even as much as chooses the wrong time to invest, they stand to lose their whole investment. This is why it is important to study the type of investment before you start.

What are the best long term investment options?

Many options are available for people who would like to invest.

Real estate

When it comes to investments, one of the best options is to put your money into real estate. Buying a piece of land is a good way to spend your money because it is one of the things that does not depreciate over time. As time goes by, it will gain market value instead of losing it. This is why investing in real estate is a great investment that will earn you back money in the long run.

The only disadvantage of real estate is that it requires you to have a large amount in the capital. It is only on rare occasions that you can find a piece of land available for sale that is cheap. Even if it will be considered “cheap”, you will still most likely need a big amount of money for it.

Airbnb

If you have enough money to invest in a condominium, you may be interested in buying a unit and setting it up to be an Airbnb rental unit. These condominiums can earn passive income for you and your family especially during holidays. People can rent these units and provide you with income.

Insurance

Most insurance policies nowadays will have an investment side to them. You can be able to set up one of the cash benefits of your insurance package to be an investment. After only a few years, you will be able to see a substantial return on your initial investment. One of the advantages of the investment side of insurance is that there is only a minimal risk connected to it.

A small business

Another investment you can make is in your skills. Find something you like doing and turn it into a profitable business. If you have a wide network of friends, these people can act as your first line of marketing to spread the word about how good your products are.

Stocks

If you are skilled and knowledgable in the stock market, you can be able to put your funds into the stock market and earn money investing in stocks from different companies.

Final thoughts

At the end of the day, it is a good decision to have a long term investment. Having a separate source of income that is not included in what you receive from your nine to five is a good idea. Any extra income that you can expect to receive passively can be a big help for your family and can also be an excellent way to earn and accumulate savings.

The easiest type of investment that you can rely on is an insurance package. By just paying an affordable amount in premiums, you can be assured of a return of investment after only a short amount of time. Invest in an insurance policy today and have your very own investment today!

Millennials are now finding out that “adulting” can sometimes be difficult. Although there would be some millennials, as in any generation that would be flung into their family businesses, not everyone would be lucky enough to be born with a silver spoon in their mouths. This is why investing would be an important tool to use in the quest to getting richer.

Investments that millennials can consider

The millennials generation is a very adventurous one. They would be brave to travel to new places, sometimes alone. They would eat at every new restaurant, trying new fare and not be afraid to spend their money on those gastronomic adventures.

However, when it comes to investing, millennials are sometimes hesitant because they would not know where to put their money. After all, eating at the newest restaurant in town is not so much a financial gamble when it is compared with investing in a business. Here are a few ideas for where millennials to invest their money in.

Take out an insurance policy

It would be wise to get a life insurance policy. This would give you peace of mind to face any kind of emergency that life would throw at you. Your money would be invested well with life insurance because there would be some policies that would include an investment side to them. These would be good investments that would not require any effort from you once you start paying. It would be a good idea to list down the needs of your family before investing in this, so you can customize your policy based on those needs.

Bank Products

Bank products would be savings accounts, checking accounts and time deposit accounts. Even if you have a payroll account with your employer, it would still be wise to open a personal bank account for you to put savings in. Little by little, you will see your account accumulate an amount that will grow over the years if you religiously put money in without taking any out.

Small businesses

If you would be particularly brave about investing your money, a small business would be the right choice for you. Choose something that you like doing and start small. Maybe sell baked goods to friends and family, and then watch as your business will grow. Word of mouth will be the key to having this kind of business grow. More people will hear about your products and buy them if you keep the quality high without raising prices too much at first.

Stocks

Investing in stocks is a good idea, but this would require that you have a little knowledge about this first. It would be a good idea to consult a financial adviser before getting started with this. However, once you get the hang of it, the gains can be substantial, if you are lucky.

Bonds

Bonds would be similar to stocks but would have fewer risks. If you are not ready to invest in stocks, you can choose to invest in bonds instead. 

Real estate

You can also choose to invest in real estate if you have the extra cash to shell out. Buy a property and use it to earn extra cash for you. Rent it out so it can become self-liquidating.

Retirement fund

It would be wise to invest in a retirement fund, no matter how young you are. This fund will provide security for you when you eventually stop working. You can have this added to your insurance policy if you invest in one.

Seminars

It would be a good idea to attend seminars that would be relevant in what type of investment you plan to have. There would be seminars about stocks, bonds, and other types of investments.

Invest in yourself

Go back to school, better your knowledge in your craft, to gain higher chances of getting promoted. Whatever you do, make it worth your time and money.

It does not take so much to invest, it would only require that you know where to put your money, the time to devote to study what you will invest in and also the capital to start. If you have all of these three, consider starting an investment today to earn extra income. You will thank yourself later.

Many people now appreciate the need for life insurance. But then again, a big part of the population would still say they do not need it. Let us answer the question now, once and for all. Why do people need life insurance?

Dependents. If you have a family, the first and most important reason to even consider taking out a life insurance policy would be because of your family. You would want to make sure that you can be able to have something set aside for them, just in case anything were to happen to you.

In case you are no longer able to work, in case of an emergency, in case you would pass away. A life insurance policy would safeguard your family from any financial trouble.

Financial stability. In line with having a savings account for your family, you will also have an investment. For most people in the Philippines, having financial stability is an unrealistic dream for most people. People live from paycheck to paycheck without being able to save or invest anything.

A worker would receive their salary and seemingly in the blink of an eye, the money will have disappeared. Paying a small premium each month for life insurance would be as good as investing. You would be setting that money aside and then in the future, you would be able to reap what you sow.

Medical needs. This is one of the things that makes saving so difficult in the Philippines. Whenever we think we would have some savings leftover in the bank, a medical emergency would arise and that small amount of savings would be depleted, and in some occasions, it would not be enough to cover medical expenses.

Medicines and doctors’ fees alone would set you back thousands of pesos. A life insurance policy would already include a medical benefit. You would be paying a certain amount in premiums per month but then the payouts you would be receiving would be much higher than the premiums you pay. It would be worth every peso invested.

Invest while you have the means. If you are a young adult who earns an income, should start investing in a life insurance policy. It would be easy to allocate around Php3000 to Php4000 every month into your budget, to ensure that you will have something set aside for you and your family in the long run.

It might seem like another useless expense at first, but as the value of your policy would slowly increase, you will see that your hard work and investment would pay off. While you still have a steady cash flow coming in, you should seriously consider getting a life insurance policy. The value of your policy would also be bigger if you choose to invest earlier.

These are only a few of the reasons why investing in life insurance is a need. 

The bottom line is that there will always be expenses that you will need to pay. Life insurance can be considered part of your budget, but then it is the only part of your budget that will ensure that you have something set aside for your future.

In the year 2019, start investing in your future today! You will thank yourself in the future when you will have the financial freedom you are dreaming about today.

1. Sun Life of Canada (Philippines) Inc.

It has remained on the top spot for this year, and continues to be the number one most trusted provider for insurance for families in the country.

2. Philippine AXA Life Insurance, Corp.

AXA is fast growing at the number two spot. Investors of AXA insurance would be well funded, because this insurance company is backed by a joint venture if the AXA group and the Metrobank Group.

3. Philippine American Life & Gen. Ins.Co.

A previous number one company has continued to provide insurance since 1947.

4. Pru Life Insurance Corp. of U.K.

This relatively new contended was able to earn its place in the ranks by providing top notch insurance policies to its clients. The company was founded in 1996.

5. BPI-Philam Life Assurance Corp., Inc.

This has been one of the insurance providers that never fails to gain a spot in the top 10 every year. Many people trust it because it was founded on a partnership of BPI and PhilAm Life, noth very big names in their own industries.

6. Manulife Philippines

It was founded in 1907, making it one of the oldest and most trusted names in Philippine insurance today.

7. Insular Life Assurance Company, Ltd.

This company is one that is owned by its policyholders. It is a mutual company that was founded in 1910, also one of the oldest still serving in the country. It also holds the title of being the first Filipino-owned life insurance companies.

8. BDO Life Assurance Co. Inc.

It was founded in 1999, and still continues to provide its clients with quality life insurance packages at the number 8 spot for 2019.

9. Allianz PNB Life Insurance, Inc.

This company continues to show promising growth. It continues to safeguard the funds and investments of its many trusted clients.

10. Manulife China Life Assurance Corp.

The strength of this company comes from providing a wide range of insurance products and services to Chinabank clients.

No matter which insurance company you choose to invest in, they will all do one thing in common, which is to help save for your future. Depending on your needs, you can decide which insurance provider would be the best for you and your family.

These companies did not rise to the top just because of one or two clients who bought life insurance from them. Their success can be credited to the millions of Filipinos who have made the leap of faith and decided to trust these companies.

Life insurance is not about having money for your funeral expenses. It is about so much more than that. It is about saving money for the future, putting money aside for emergencies and saving for your child’s education. All of those things can take their toll on your budget, and having a life insurance policy can help.

Talk to us today if you have any questions about which provider may be right for you. We would also be happy to discuss which packages and bundles would benefit you and your family the most. Happy investing!

The answer is simple. It is providing the best for their children. Parents would spare no expense in buying the best shoes, the most nutritious food and the best education for their children.

No matter how stressful adult life is, a parent would have no greater satisfaction than seeing their child succeed in life.

As a parent, we understand that you want only the best for your child. But sometimes providing the best of everything can be expensive, and we can understand how frustrating it can be when you are not able to buy something your child wants. We understand how much parents have on their plate.

Education is very important

It is probably one of the most important, if not the most important investment that a parent can make for their child. The quality of education a child receives can make or break them.

Better opportunities will present themselves to children who have had a good education. We have a plan that can help you pay for your child’s education through senior high and college. 

Let us help you provide the best for them

Our education plans provide a convenient way to accumulate savings, get insurance for your children and most importantly, pay for their college education. For just a small monthly premium, you will be able to provide your children with the best future, with the best education plan.

We understand how hard it can be to manage the budget, maintain the household expenses, keep a savings account and provide everything each member of the family needs. This is why education plans exist.

An education plan hits two birds with one stone

Guaranteed education. Your children will get their degree, no matter what. If anything should happen to you, as the provider, it will not affect the payout that they will receive.

It will also not affect the policy that you will have started for them. They will still be entitled to receive the educational benefit as stipulated in the policy. The child will still be able to attend the school of their choice, to study their chosen course. 

Savings for a crucial time. You will also be investing in a savings plan for your children. They will have money set aside for them to support them while they study. This will be one less thing to worry about for you.

It is time to secure the brightest possible future for your child.

You might be hesitant because of what happened with a certain college plan provider in the past.

We understand your fears, but then we can refute them. What happened almost a decade ago will not happen again with us. That incident happened because of some irresponsible actions of some government officials. In our case, we are not going bankrupt and we have a long list of satisfied families who we have helped with their children’s education.

For more information on our plans, and how they can benefit your family, please visit https://www.epolicy.ph/start/life/

We would love to hear from you today! Get started in providing the best education plan for your child.