Generally, we don’t notice how much money we spend on small things. We take it as a reward for ourselves and treat it as something we deserve to have once in a while. Instead of spending money on the small things, getting Life Insurance is much better. 

There is a list of things that cost more than Life Insurance, the following are- shopping for new clothes or things, daily cup of coffee or any drink, unused subscriptions (Netflix, gym memberships, etc.), going to the movies, lottery tickets, going out on fancy dates, and ordering food weekly.

Shopping for new clothes especially if it’s expensive can cost you more than anything when it adds up, you can still use your old clothes or you can buy a much lesser amount of clothing. A daily cup of expensive coffee or any drink costs around 200 pesos in the Philippines, but it’s much cheaper if you’ll just purchase an instant coffee or just buy an expensive drink once in a while.

Unused subscriptions can also cost you more like a netflix subscription, gym memberships, etc. because it’s more expensive than finding an alternative. Paying for the amount of lottery tickets is expensive when you add it up. Lastly, going out on fancy dates and ordering food weekly is more expensive rather than cooking food at home. 

Getting Life Insurance is just as significant as getting your own properties. Manila Bankers Life Insurance Corp. offers various services, and for more information about Life insurance you could check their website: https://manilabankerslife.com/products.html

Here are the Five Reasons why today is the best time to get your life insurance plan.

1. Get your life insurance while young

When it comes to timing, the younger you are when you buy life insurance, the better. This is because, at a younger age, you’ll qualify for lower premiums. And as you get older, you could develop health problems that make insurance more expensive or even disqualify you from purchasing a plan. While paying off current debt is critical, missing out on buying life insurance at a young age has a significant economic impact, much like delaying saving for retirement. The sooner it is purchased, the better.

2. Protect loved ones financially

Keep in mind that life insurance benefits your loved ones. Ideally, getting life insurance is an act of care to show your love to the people that you care about the most. If something happens to you, the responsibility of paying for these transactions falls on your parents, spouse, or immediate family member. Purchasing life insurance will protect these people from carrying the responsibility of paying off their remaining debt or other financial obligations. Ultimately, getting life insurance will ensure that your loved ones can continue living comfortably.

3. Have money when you need it most

Although life insurance is specifically for your loved ones, another reason for the best time to get life insurance is that you may also receive some of its benefits while you are living and during unexpected events in your life. Nowadays, life insurance companies, like Manila Bankers Life (MB Life) offer different types of plans that cover many different areas, such as accidents, critical illnesses, and disabilities. In these times of trial, you can use your life insurance to help with hospital and recovery expenses.

No one wants to think about having a critical illness or disability, but these are major unexpected events that could happen to anyone at any time. Getting life insurance will prepare you for these possibilities and will allow you to reap its benefits when you need it the most.

4. Gain better investment returns and savings

If you choose to get life insurance, you also get additional cash value that increases as your policy continues. It works just like an investment fund, so you can build up more cash value in the long run. Moreover, policyholders can withdraw the cash value in case of emergencies.

5. Peace of Mind

One thing that life insurance can offer and help you achieve is peace of mind. You might have read this in different articles, online and in print, but having life insurance can give you peace of mind thinking that your future is secured and your loved ones are taken care of.

Overall, as the world continues to change, this is the best time to get life insurance as it covers all the basic protection you need. Getting life insurance from Manila Bankers Life will help you reap the benefits of life insurance that can fit your current needs.

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.

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!

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/

It is important to find an insurance provider that can present a variety of choices when it comes to your insurance. Manila Bankers Life Insurance Corporation offers a variety of products that meet any situation and need. 

MBLIFE Products

There are many products under the umbrella of Manila Bankers Life Insurance. The company aims to give its clients the freedom to decide what kind of life insurance to get depending on their needs.

In the beginning, life insurance was only about a parent wanting to pay in advance for their funeral, just so that their family will not have that gloomy responsibility when it would happen. At present, this is still one of the integral parts of life insurance, but it has evolved and developed into so much more than that.

Money Saver. As the name would suggest, this product would encourage savings. Its special feature would be a “yearly treat” awarded in the form of a money incentive given to the insured. This money can be spent on travel expenses, educational expenses or even to add to savings of the insured. 

Life Shield. This product would protect the insured and their family from any financial crisis that may befall them. The special feature would give reimbursements for any money lost because of hospital confinement and it would also offer a disability benefit. 

MPower. This policy would help prevent financial crises for families in the event of the passing of a loved one. The special benefit one could get from this would be what is called the After Life Pension. This means that even if the insured person would pass away, their family would continue to receive monthly financial assistance. 

MB Life Plan. This would be the life plan provided by MBLIFE. It provides lifetime coverage and would give a respectable memorial service to the insured. It would also give the family cash benefits in case of the loss of a loved one.

Group Life and Health Insurance. These are packages offered in bulk, to cover a large group. Mostly for employees and their families. Many different packages are available to suit the needs of the employees. Group Hospitalization Benefits and a Managed Care Program would be included in the group packages.

Creditors Life Insurance and Micro-Insurance. This type of insurance is meant to safeguard people in the lending industry from the financial risks that accompany that kind of business. The policies would protect business owners from the loss of their investment and even in the event of the death of a borrower. 

Out of the many packages offered by Manila Bankers Life Insurance, there is bound to be one that fits your needs. MBLIFE makes sure they have something to offer everyone. Their uniquely designed packages make sure that everybody has the chance to be protected from financial ruin.

Think ahead and get a life insurance plan with Manila Bankers Life Insurance today! Get insured now and never have to worry.