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. 

They say that the best things in life are free. getting a free taste promotions at the supermarket somehow makes the product taste much better when you cook it at home. This is the same with insurance. You can now get a free quote when you buy insurance online from epolicy.ph and get a free quote on your life insurance when you log in.

Advantages of getting an instant policy

Getting life and insurance is important because it can be a way to prepare you and your family in case any financial problems would come up in the foreseeable future. However, many people are thrown off and decide not to invest in insurance because of the tedious steps that need to be done to get insurance.

This problem has not gone unnoticed. This is why the online insurance website epolicy.ph has been invented. It exists to provide good quality life and health insurance packages without the need for the time-consuming paperwork and commuting.

How to get a free quote on epolicy.ph

Epolicy.ph wants to allow everyone to get life insurance. The people who developed the website understand that not everybody has the time to commute and talk to a life insurance agent only to fill out tons of paperwork to wait a few weeks before officially getting insured.

All of this can be avoided when you logon to epolicy.ph, you will not be getting any inconveniences, no-frills, nothing except what you really need. You will only be getting your insurance policy. As soon as you finish inputting all the necessary information, Sandy will give you your insurance policy. If you are not yet ready to invest in your policy, it will be available as a free quote.

Difference between epolicy.ph and other life insurance companies

There is no pressure when you get insurance with epolicy.ph

At epolicy.ph, you can be able to get a quote for your insurance policies without feeling pressured. You will be able to make the best decision possible because you will have the liberty to decide on your own time. When you will be ready, you can come back and invest in the insurance policy that Sandy has made for you. You can customize your needs as much as you want, and get quotes until you reach a policy that you feel will be able to meet all your financial needs.

Who are the companies behind epolicy.ph?

If you decide on a health insurance policy, the company that will provide your insurance will be Kaiser International Healthgroup. If you need a life insurance policy, Manila Bankers Life Insurance Corporation will be the company behind your policy.

Both companies provide quality insurance products in their own fields, and they aim to be the first companies to be able to provide insurance policies online. Your packages with these two companies are highly customizable depending on your needs, and you will be able to be insured in under ten minutes. Their free quotes will always remain free until you will be ready to buy your insurance.

Logon to epolicy.ph today and get your free quote! Life insurance is only a click away.

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!

The management of finances is a big part of successful budgeting. If you are having trouble managing your finances, we have constructed a guide that can help you be more effective at it.

How to successfully manage your finances in 2019

Here are a few tips on how you can make sure you can manage your finances. 

Analyze your financial situation

This means knowing your net worth. This would enable you to know if you would need to gain more funds, if you are doing fine or if you have a lot of extra funds.

To know your financial situation, you list down all your financial assets and liabilities.  Assets are things that have a cash value and would add to your net worth. Liabilities are expenses, bills and anything that would take away from your net worth. Once you come up with your financial situation you will be able to better see how you can manage your finances.

Make a budget and stick to it

A budget is a means to track your income and expenses and how much savings you have at the end of each month. You can also use your budget to set financial goals for yourself. 

Manage your debt

This is something that many Filipinos have a hard time doing. Many people tend to lose track of debt, forgetting that they owe money to a friend, colleague or financial institution. Managing finances would include taking debt into account. Having minimal to no debt would be a positive indication that your financial situation is good.

Find a good place to invest

Investing your money is a crucial part of managing your finances. If you can invest your money successfully, your money will be the one to earn for itself. Meaning, you will be able to see returns of your investment even with minimal effort. Start a small business, invest in stocks and bonds, find a way to make your money work for you, instead of the other way around.

Take out a life insurance policy online

Taking out a life insurance policy is a very effective way to invest your money. It is a good investment for beginners because there is little risk that you will lose money in the process. You can now take out a life insurance policy online.

The website epolicy.ph would have packages for healthcare and life insurance that will help you manage your finances well because you will not go broke trying to stay healthy and during emergencies.  Insurance will help you manage your funds because it will give you the security of knowing that you have money set aside that is outside from your savings account. You can use this money in times of need and when you would need extra money during an emergency.

The best thing about it is, you do not need to wait in line or wait too long to get insured because you can do it online at epolicy.ph!

Plan for your retirement

This is another aspect you need to plan out very well. Now that you are working and have the funds available, you should think about how to save for your retirement. You cannot be relying on your family when you are old. You will need money on your own. Your life insurance can include a benefit for retirement, and you can also take out several bank products for this too.

Managing your finances is easy, as long as you take some time to sit down and think about your financial situation first. IF you see that you would need more funds, stop spending on things you do not need for a while and only focus on needs. When you will have more money to spare, you will thank yourself for having the discipline to resist the temptation for a better financial future.

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!