Now, time to check these surprising facts that will help you in your decision-making to get life insurance as your way to show your love to your family.

1. You really need long-term life insurance.

Some may shrug it off yet, a study showed that 70% of people over the age of 65 can expect to use some form of long-term care during their lives. That means there is a pretty good chance that you will need long-term care in the future. Never underestimate long-term life insurance for it will help you secure your family’s future better.

2. 78% of the elderly who need care receive that care from a family member or loved one. 

While providing care for an ailing parent, grandparent, or another family member is part of our culture, let’s face it, it is a great burden financially that can strain relationships in the long run. Let us not make our children a financial backup plan and start having long-term life insurance so that you are set for a lifetime and will not create further strain on your family.  

3. Long-term care has to do with your activities of daily living, not your medical needs. 

Long-term life insurance can help you with your health needs that most medicare and regular health insurance won’t cover, especially when you hit the age limits that vary from different medical plans. Long-term care insurance will also cover an assisted living facility, in-home care, and a continuous care retirement community.

4. The average age of individuals that buy long-term care insurance is 48 years old. 

While that may seem very young, it’s never too soon to start planning for the rest of your life. Long-term care is something that should probably be addressed in your 50s. An insurance plan will allow you to set aside budgeted premiums for your long-term care instead of dipping into your savings in retirement on a fixed income.

5. The amount you pay towards long-term care insurance is considerably less than the cost of long-term care. 

As you pay 20 to 30 years on a long-term care policy, you could get your money back in as little as 12 months depending on your long-term care needs. 

Long-term care insurance can help you in the long run so you won’t have to spend your hard-earned money from long days at your practice to pay for it.

Manila Bankers Life can help you reach your financial security goals to get you started.

For more information, visit Manila Bankers Life‘s website: https://manilabankerslife.com/products.html

However, some are still hesitant about having life insurance due to worries and misconceptions that they initially have about it.

If you are one of them, you may want to check on this list to help with your decision to get one for yourself that would help you in your finances in the long run.

1. Replace Lost Income

Life insurance works to secure your financial future that would help provide financial security to your loved ones in case you or one of your family members will lose their income due to unemployment, physical disablement, or death. you pass away. Having life insurance will surely help your family’s income when those unfortunate circumstances happen at any moment. 

2. Build Cash Value

Having life insurance allows you to build up cash value over time, which is an attractive prospect to any person. An extra cash value serves as an extra cushion that you can tap at any time when an emergency hits that would affect your finances.

3. Adds more Financial Security

Having life insurance can help in building your financial security which will help your family in the long run. Having a family is costly from infancy to mortality. For this reason, additional coverage is essential to help establish a trust fund, college fund, or inheritance. 

4. Diversify Investments

Life insurance can also help in diversifying investments with universal life policies. These different policies are often linked to different investment products that can help your investments grow. Just make sure to read the fine print to know the potential risks and returns before you commit.

5. Peace of Mind

No one can truly predict the future. Life insurance can help you to have peace of mind. It will help you lessen your worries with the fact that your family and loves ones have protection in place in case the unexpected happens to you. 

As you consider having life insurance, always make sure to choose the best premium rates and coverage that would suit your needs and that it won’t weary you in paying off your policies. You can count on Manila Bankers Life Insurance to help you start your plan to have life insurance with their vast and innovative products that will help you in securing your future.

Unfortunately, many of the people who are Covid-19 survivors might not have an insurance policy or have inadequate insurance. These people may now want to buy a new insurance cover. However, Covid-19 survivors experiencing health issues will have to undergo medical tests and wait up to three months before they can buy a life insurance policy. Many insurers have imposed a three-month waiting period before issuing a policy to Covid-19 survivors.

Life insurers have also become more vigilant in their decision if the individual has recently returned from an international trip, or is planning to travel abroad shortly, especially to a country that is severely affected by the Covid-19.

Life insurance claims are often denied due to pre-existing medical conditions, family medical history, hazardous occupation, risky lifestyle choices, or provision of fraudulent documents at the time of policy application. If a policyholder does not provide the right information, the life insurance can also be rejected by the insurer. Thus, in the case of Covid 19, the insurer might request additional medical tests as well to identify the risk category of the applicant as life insurance contracts are solicited truthfully or issued in utmost good faith. 

A Covid-19 survivor will get life cover but with a waiting period of one to three months or more, depending on the severity of the infection and where the subject is prevalent underwriting.

This clause requires the individual to disclose all material facts in the proposal form, including pre-existing medical conditions. So if you are a Covid-19 survivor, life insurance can be offered post three months of the medical examiner’s sign-off.

It has become difficult for Covid-19 survivors to buy life insurance because many insurance companies require a cooling off or waiting period. If the Covid-19 survivor tests covid negative after three months of the cooling period, it reduces the chance of relapse and helps in avoiding further challenges in the said claims. 

The quantum of compensation in a life insurance policy is usually a significant amount. If the insurance company accepts too many such risky policies, it may become challenging for it to honor the claims later if a large number of people get affected due to post covid medical complications. 

The requirement for a medical test while buying life insurance is not new especially when it comes to high-risk cases. However, insurers have become extra cautious and testing more widely and thoroughly, it completely depends on the insurance companies. 

Now, that you have a grasp of the truth about COVID survivor’s life insurance policies and if you are looking for a trusted life insurance company that will assist you after your three months after the tests, choose Manila Bankers Life Insurance Corporation. 
Manila Bankers Life Insurance Corporation has been around since 1967. It is a life insurance company duly recognized and authorized by the Philippine Insurance Commission. The company creates customized life insurance packages based on the requirements of its major and significant customers. They are equipped with the friendliest and most helpful life insurance agents to help you figure out what plan best suits your needs.

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!

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.

Accumulating savings in the Philippines in this day and age is something that many dream about. Investing successfully is an even more difficult feat to achieve. There are many wrong notions about saving and investing that the Filipino mindset has. Many are not aware that there are several ways to save and invest that are affordable and yet still effective. It is the year 2019! What a time to be alive.

Smart investment and savings strategies for Filipinos

How can investment be affordable? Many think that one has to have millions in savings before they can invest in something. While it may be true if you want to buy your own Jollibee franchise. However, if you are not a multi-millionaire, there are many ways for the average joe to invest their money.

While there are many good investments to try, here are the top three that can provide returns and be good investment options for first-timers.

Investing in yourself.

Learning and acquiring a new skill is always a good way to spend your time, effort and money. Take up a second course or master’s degree that will help you advance in your field of expertise. This will strengthen your chances of getting a promotion and being a better asset to your company.

Life insurance investment.

Take out a life insurance policy will provide you with savings, retirement fund and also an investment. If you are not skilled in stocks and bonds investments, the experts that are in the life insurance company you choose will invest your money for you and make sure that your money will be well invested and you will be able to see some returns for your funds within five to ten years,

Stocks and bonds.

You can also invest in stocks and bonds yourself if you know how. There would be training and seminars available for you to learn how to trade. This is a skill that you can use in the long run to make good investments for yourself.

Why we need savings through life insurance

Emergencies.

Everyone needs money during emergencies. Having savings will make sure that you have money to spare during these times of crisis so that you will not have to borrow money just because there is an emergency. Savings will provide peace of mind when it comes to finances. Life insurance can provide this peace of mind to people because you can get cash benefits that can act as savings when you need them.

Medical expenses.

Life insurance will also solve the problem of medical expenses. An illness rider can be included in your life insurance policy to make sure that you have enough money in case medical issues arise for anyone in your family.

Education.

If you have children, they will need to get a full education at a quality school to be able to succeed in life. You can get cash benefits that can fund your children’s education in the future.

Retirement.

You will also need to prepare for your retirement as early as now, and having a life insurance policy can help you set money aside for this.

These are all the ways in how a life insurance policy can help you save and invest at the same time. While you are young and have enough money to pay for premiums, getting a life insurance policy is one of the most important investments that you can make.

The great thing about this type of investment is that you don’t need to be rich to do it. Later on, you may become rich because you made this decision. Your initial investment may come back to you tenfold, because of the investment side of your life insurance. Get insured and start your investment today!

Filipinos are said to be one of the happiest people on the planet. No matter what kind of tragedies hit, Filipinos always seem to have the power to put mind over matter and be positive. However, it would always pay to be prepared for life’s challenges.

How do you secure your family’s standard of living and make sure life for them can go on no matter what happens? If you are not able to secure a financially stable future for them, they might need to take out loans, dip into savings or even deplete it, they might need to move out of their home into a smaller place, or even work more than one job just to be able to sustain themselves.

How can you avoid these things from happening?

Before we discuss the possible solution, we will first take a look at the advantages of making sure you can secure your family’s future.

Advantages of securing your family’s future

Aside from the obvious fact that your family will have no financial problems if you can secure a way to provide for them, there would be many other benefits to securing their future.

Peace of mind.

You will be able to breathe easy because you know that your family will be able to survive any type of challenge and financial need that they might encounter, even when you might not be around anymore. They will have no financial problems and will be able to continue living the same quality of life that they are living now. 

They will have time to find another source of income.

The money you leave them might run out at some point, but by that time, they would have been able to already find a different source of funds.

Savings.

If you were able to find a way to generate savings for them, it would be much better. It would make them financially stable. It would mean that they would never need to take out loans that they might potentially have a difficult time paying, and they would have money to spend in case another emergency were to happen. Accumulating savings is none of the challenges that Filipino families struggle to have. Making sure that you can set aside savings for your family will make them able to buy all their needs.

Able to also buy wants.

Aside from being able to afford to pay all the bills and the needs of the family, they will also have the power to buy their wants. This is a very big thing that you can do for your family. Many people go broke because they prioritize buying wants before needs. However, if you can secure their future financially, you will be able to make sure that they also have the budget to sometimes indulge in what they want.

How can you secure your family’s future?

We now go to how you can solve your family’s future financial problems. 

The best way to solve the problem would be to invest in life insurance from Manila Banker’s Life Insurance Corporation, or MBLIFE. This life insurance company has been providing quality life insurance policies since the 60s. They offer customizable life insurance packages that you can tweak according to your family’s needs. 

The cash benefits that are included in each life can be used as a retirement fund, college education fund, savings and emergency medical fund that you can borrow against when you need extra money. All their packages would also include the default death benefit that will cover funeral costs of the policyholder. 

Secure your family’s future today, talk to a financial adviser at MBLIFE and get started!

It is the year 2019. Many realize that getting a life insurance policy is a very important investment that people need to make. While it is true that many people may not think they need life insurance, most people would need to provide financial security for their children or dependents if they suddenly pass away.

The best life insurance for you and your family

In a nutshell, investing in life insurance would be needed by people who are breadwinners for their families. These families would not have any source of income when that breadwinner would pass away and the death benefit that will come from the life insurance policy will be out in place to make sure that the family does not go into financial ruin when the policyholder dies. Also, it would allow the family to grieve in peace because part of the death benefit would include the funeral arrangements as well as a mass or memorial service for the policyholder. All life insurance policies would have some sort of version of this death benefit included, but life insurance is so much more than just an amount of money given to a family when someone dies.

If you analyze what your family’s needs are, your life insurance policy can be used as a way to meet those needs. There would be many life insurance companies that would offer customizable life insurance policies, like Manila Bankers Life Insurance Corporation or MBLIFE.

MBLIFE would have many different riders that you can add on to your plan to make it possible to meet your needs using your life insurance policy. They would offer term plans, whole life plans, and life plans that would include a retirement benefit. They would have anything you would need in a life insurance plan.

Do I need life insurance?

You might be asking yourself this question. Even if you do not have any dependents or children, it would still be a good idea to invest in life insurance because it can have so many other aspects to it rather than just the death benefit that the beneficiaries would receive when the policyholder dies. 

Retirement benefit.

With your life insurance policy, you can include a retirement benefit. Part of the premiums you would be paying would go toward saving for your retirement so that you can have some added funds to your pension. If you will not receive a pension from your current job, your life insurance place can be your pension after you retire. 

Illness rider.

You will be covered in case you would be diagnosed with certain illnesses when you are older. Your life insurance plan can help you with medical expenses and hospitalization costs.

Savings. 

In this day and age, it can be very difficult to save money. But with a life insurance plan, you will be forced into saving because part of the premium payments you make will go toward savings. 

Investment.

If you want to go into investing but are hesitant because you don’t have knowledge of how to invest in the stock market, you can invest in life insurance and the experts that are affiliated with your life insurance company will invest your money for you. A portion of your premium will also go into investing in stocks. 

At the end of the day, the best type of life insurance is the one that your family will most benefit from. Each type of life insurance would provide different types of benefits and would cater to a different need. This is why it is important to consider each need of your family before investing in life insurance.

Life insurance is a very customizable asset that you can invest in for your family. There would be several life insurance companies that can provide you with many choices to safeguard you and your family.

What are the different types of life insurance available?

Many options would be available to you when it comes to buying life insurance. It can be confusing, especially if you are going to invest for the first time. Let us break it down and help make the choice a little bit easier for you.

There would be many forms of insurance. Some types would expire, some would be valid for your whole life and some others would have an investment attached to them. The two major forms of life insurance can all fall under two categories, term life insurance, and permanent life insurance. 

What is term life insurance?

Any type of insurance that would fall under term life insurance would expire. It would only be valid for a certain “term” hence why it is called “term” life insurance. It would be a very straightforward insurance package. The premiums that you pay would only go toward your death benefit. This would be the amount that would go to your beneficiaries in the event of your death. Some companies would also have policies that would include a memorial service in the amount that you would pay for.

The death benefit can be given to your family in a lump sum payment, or in monthly installments, to replace the income that you were providing for them. Term life insurance policies can last anytime from one to 30 years. This means that if the terms lapses, then the policy expires. Their beneficiaries get nothing if they outlive the time listed on the policy.

What is whole life insurance?

Whole life insurance, in turn, would have a death benefit and a cash value at the same time. The span of whole life insurance would be for a policyholder’s whole life. Many people feel that a whole life insurance package would be more suitable because even if they live until they would be old and gray, their death benefit would still be given to their beneficiaries.

Permanent life insurance

There is another kind of life insurance called permanent life insurance. It would cover policies that would last for as long as one would keep paying the premiums. In essence, whole life insurance is a type of permanent life insurance policy. There are other types of permanent life insurance policies, and we will expound on them further.

Universal life insurance

Similar to whole life insurance, universal life insurance would also have a cash benefit as well as a death benefit, but then the advantage of getting this type of insurance would be that at any time, the policyholder may be able to change the details of the policy. This flexibility may be enticing to some people, but it may come at an added cost.

No matter what type of life insurance you choose to invest in, it would be a good idea to talk about it with your insurance agent, to make sure that you are getting the most out of the policy you will invest in.