People started to invest in small businesses with hopes to earn more income in the midst of the pandemic which is not wrong, but what many people tend to overlook is life insurance. What most people don’t realize about life insurance is that it is one the best investments you can get for yourself. When some people hear it, they immediately veer away from the idea thinking that it is unnecessary to invest in it or they simply lack basic information which makes them uninterested or they simply don’t know how to avail or buy one.

It is very important to invest in life insurance because of many things. For one, it financially secures your future and your family. If an unfortunate event occurs like an accident or disability, the benefit shall be paid to the insured or his designated beneficiaries. It also provides you various cash benefits that you may use for retirement, travel, savings, and more.

With the year 2021 shaping up to be more hopeful than the last year, this is the best time to start investing in one. But before you can invest, you need to know how to buy one and know which provider would best suit your needs. Keep reading for a personal recommendation!

It may seem like buying life insurance in 2021 can be overwhelming because of the large amount of providers out there you can choose from, but if you know which one caters to your needs, you can narrow down your choices. 

Think about your current situation, assess your life goals, figure out your budget, identify your needs from individual to group insurance or from short term to long term, ask yourselves these questions so that you can cut your long list of choices and be well equipped with the right knowledge to help you choose the insurance that works best for you.

One amazing life insurance provider that caters to your personal needs Manila Bankers Life Corporation.

Manila Bankers Life Corporation claims to offer a wide array of new and innovative insurance products, catering to the needs of individuals and groups. They provide products from group insurance to individual insurance. All of which ensures that you, your family, your company will be accounted for by giving you only the finest life and medical services. 

What Manila Bankers Life Corporation also does so well is that they can create customized life insurance packages based on the requirement of its major and significant customers so it really caters to your specific needs!

Investing for a life insurance is essential and it’s surely something your future self will thank you for. The younger you start your investment, the better. What are you waiting for? Make 2021 the year where you start your life changing decision to ensure your future!

Financial problems in the Philippines

The economy of the country has come a long way in the past 50 years. However, it still has a long way to go. 

• People do not know how to invest their money.

Many people have the notion that only the extremely rich part of the population can make investments and gain passive income. This is a wrong notion that needs to be changed. There are many ways by which people can invest their money wisely and expect passive income in return.

• Most people have a job but no savings.

Although many people have stable jobs, not contractual ones, and yet there are still many people who do not have any savings. It may be because of all the ways people can spend their money nowadays, or because it is so easy for people to shop online, but many people have a very difficult time accumulating savings.

• People are not financially ready for emergencies.

Because most people do not have savings, it makes it very difficult for them to be ready for emergencies. Many people have a small amount of money set aside as savings. However, this money will be drained, most of the time, when a financial need will occur. This is often just a cycle that happens, over and over again. 

A life insurance policy can be a solution to all these problems.

In more ways than one, a life insurance policy can be the answer to many financial problems. 

A life insurance policy can act as an investment.

Depending on how you build your life insurance policy, you can already include an investment side to your policy. How does it work, you ask? Part of the premium payment you make will go toward being invested in the stock market. Experts in the stock market who are affiliated with the insurance company will make sure that your money is properly invested in such a way that when you look at your accumulated funds after only a few short years, the amount will have multiplied exponentially. The investment that is made through a life insurance policy is very low-risk because the return on investment is almost 100% sure to return.

It can also act as a savings account.

If you are having a difficult time saving, getting a life insurance policy can help you. A portion of the premiums you pay will be set aside in various cash benefits that you choose to include in your policy. You can borrow against these cash benefits in case you need extra cash. Just like a savings account in a bank, the money that is accumulated in these cash benefits is yours. You can choose how and what you spend it on.

You and your family can be prepared for any financial emergency.

In case you and your family encounter any financial emergencies, your life insurance policy will be there to break your fall. You can include an education fund for your children, a retirement fund for when you’re old and all sorts of other funds that can be used for a specific event in your life. Even for unforeseen emergencies, life insurance can be the buffer system you need to be ready for any financial situations you might encounter.

Getting a life insurance policy in the Philippines is not difficult. It will benefit you and your family in more ways than one. Get insured today and face any financial situations with your head held high!

Are you looking to invest in a life insurance policy? Many insurance companies can help you out with what you need. Life insurance is a way for you and your family to be ready for any financial emergencies that are thrown your way. 

Manila Bankers Life Insurance Corporation is a company that offers quality life insurance products that are customizable depending on the needs and preferences of their clients. They have many products and riders that can customize the policy you invest in, making sure that you only pay for what you need. Nothing more, nothing less.

Where can we find an office of Manila Bankers Life?

Manila Bankers Life or MBLIFE’s main headquarters is located in 11/F VGP Center, 6772 Ayala Avenue, Makati City. They have made sure that they have branches that are located in each group of islands in the Philippines, to make sure every Filipino has access to a satellite office they can visit in case they have inquiries.

The contact details of the main office of Manila Bankers Life are listed below:

Trunklines: (632) 8810-1072 / 8810-1040 / 8810-1051 / 8815-1004
Facsimile: (632) 8813-3647
Business Hours: 8:00 am to 5:00 pm
Email: customercare@manilabankerslife.com

Here are the offices that are outside of Makati, along with the person in charge of that specific location:

• Lucky China Town, Binondo, Manila
• Look for: Annie Galin
• Units CS3057 – CS3059, Lucky Chinatown Annex B, Calle Felipe II corner La Chambre St, Brgy. 23, Zone 28, Binondo, Manila
• Contact No: 8230-3396
  • Business Hours: 9:00am – 7:00pm

• Robinsons Galleria Mall
• Look for: Michael Angelo Oseta
• Lower Level – 00185 Robinsons Galleria, Edsa corner Ortigas Avenue, Quezon City
• Contact No: 8521-1290
  • Business Hours: 9:00am – 9:00pm

• The Linden Suites, Pasig City
• Look for: Jessie Dan
• Unit 503 The Linden Suites, 37 Sn Miguel Avenue, Ortigas Center, Pasig City
• Contact No: 8634-9483
  • Business Hours: 10:00am – 7:00pm

Outside of Metro Manila, they also have these locations:

• Cagayan De Oro City
• Look for: Kathy L. Nunag
• 3rd Floor, Grand Central Building, Hayes Street, Barangay 4, Cagayan de Oro City
• Contact No: (088) 858-0911
  • Business Hours: 9:00am – 6:00pm

• Cebu City
• Look for: Maria Lenelyn Carcueva
• Unit 601, 6th-floor JESSA IT Center, No. 90 Gen. Maxilom Ave, Cebu City
• Contact No: (032) 254-7750
  • Business Hours: 9:00am – 6:00pm

• SM City, Bacolod City
• Look for: Crystal Mae De Lima
• Ex 230 SM City Bacolod Reclamation Area, Barangay Poblacion, Bacolod City
• Contact No: (034) 342-3722
  • Business Hours: 10:00am – 9:00pm

• SM Dasma, Cavite
• Look for: Joyce Ann Nina Paga
• CP049, Lower Ground Floor, SM Dasmarinas, Cavite
• Contact No: (046) 416-5012
  • Business Hours: 10:00am – 9:00pm

What if I do not live near these locations?

If you do not have a branch that is convenient for you to visit, it is still possible to apply for an insurance policy with Manila Bankers Life online. You can visit epolicy.ph and apply for an online insurance policy. You can apply for your policy, pay for it and be insured in under 10 minutes! 

If you need to speak to a specialist that is associated with Manila Bankers Life, you can use the contact information listed above to send an email or call the numbers to speak to a live person. The specialists who work at Manila Bankers Life are more than happy to assist you and answer your questions about life insurance and the company.

Who is the Manila Bankers Life Insurance Corporation?

Before we go into the nitty-gritty of which policy would work best for what you need, you have to get to know the company that provides the products.

Manila Bankers Life Insurance Corporation has been providing quality life insurance products since the 1960s. They strive to provide great insurance products that cater to all the needs of clients, whether they be individuals or large groups. Manila Bankers Life is also known as MBLIFE insurance, and they have consistently been ranked in the top ten best insurance providers in the past years. 

What are the different MBLIFE products and how can they be useful for you?

Money Saver.

This type of insurance is meant to be used as a way for a client and their family to save money. Various cash benefits can be included as riders in this insurance package and the client can borrow against these cash benefits whenever they need extra cash.

Life Shield.

As the name of this policy implies, this would protect a client’s life by providing products such as a cash benefit for accident or disability, increased life protection, compensation in case of loss of income because of hospital confinement. MGLIFE understands that these things do happen, and they want to provide client protection when they do.

MPower.

This type of product can put a simple life insurance package to shame. MBLIFE clients who invest in this type of policy will have the standard death benefit, but will also have some added riders and benefits such as an After Life Pension that will provide income to the family of the policyholder even after they pass away.

MB Life Plan.

This is the life plan that is offered by MBLIFE. This policy has everything to make sure that the family of the policyholder does not go bankrupt just because of the final expenses when the policyholder passes away.

Personal Accident Insurance.

Accident insurance offered by MBLIFE is a yearly renewable policy that includes a death benefit in case of accidental death. The benefit starts at 20,000 pesos and can become higher depending on the need of the policyholder. 

Group Life and Health Insurance.

This type of policy is meant for companies that are looking for a way to provide life and health insurance for their employees. This is a very effective way for an employer to show their employees that they are valued.

Creditors Life Insurance and Micro-Insurance

This is a type of insurance that a person who is into the lending business can get to safeguard the agreement between debtor and creditor. We have to be realistic and know that not every debt is paid right away. This type of insurance will make sure that the investment of a debtor in this kind of industry is not wasted.

Taking out an insurance policy is more than just a death benefit. Manila Bankers Like Insurance Corporation wants to help everyone get insured. They have customizable insurance packages that can cater to the needs of both an individual and a company. Get a life or health insurance policy from Manila Bankers Life Insurance Corporation today. Logging on to epolicy.ph can get you an instant DIY policy within minutes.

Here are ways you can save money for your family

Make money envelopes. This is becoming an emerging trend in the quest to save money. The process of this would be to list down all expenses and label each envelope with each expense. When money comes in on your salary date, you will be better able to segregate your budget by filling each envelope. It is impossible to forget to budget for any of your expenses using this method.

One important expense should be life insurance. An envelope should also be set for this.

Fund needs before wants. There are new gadgets and food at trending restaurants that get released and tempt us each day. It is not a bad thing to splurge once in a while, but then you have to make sure that all your bills and all other expenses are paid before you buy your wants.

Life insurance is a very important NEED that many people neglect. People think that this is a WANT when in fact it is a way to save for the future.

Get a life insurance policy. Out of all the expenses – water bill, electricity bill, internet bill – THIS IS THE ONLY EXPENSE THAT WILL BE REIMBURSED TO YOU. By merely budgeting a small part of your paycheck each month, you will be able to reap the amount more than a hundredfold in a few years.

With a life insurance policy, you will be able to customize how much money you will pay each month (with other billers, they decide the price!) and you will be able to decide what kind of benefits will be included in the policy too.

The most important thing is, you will be automatically saving and investing in the future of your family. You will pay a small premium each month, and the money you will save each month will go toward a fund that will be set for the future needs of your family. This payment scheme is designed to promote saving money.

Never again will you have to worry about your retirement fund, your children’s college tuition fee and other future expenses. All of these will have been paid for already, using your insurance policy.

Life insurance is the only surefire way to invest for the future.

When you take out a life insurance policy, you will slowly see your money grow. Before you know it, you will have enough money to cover emergency expenses, tuition fees for your children’s college education and even enough for a trip for your family.

Most people pay for their electricity bill and never bat an eye. There are so many expenses we pay for, and we all classify them as needs. But then life insurance can do what other expenses cannot.

Life insurance can grow to almost a hundred times its size, and best of all, that money still belongs to you! I would like to see your power bill do that! The amount for power consumption seemingly keeps increasing, but then once you pay your power provider, that money is gone.

Re-evaluate your needs. Life insurance is a need that can help you save for your family’s future.

Start investing today, register with this link  https://www.epolicy.ph/start/life/