Miq Labao, Licensed Financial Advisor

Purchasing life insurance is one of the most important financial decisions you’ll make. Not only does it protect the loved ones you’ll leave behind, it can be a useful tool well before then. While there are many things to take into account when purchasing life insurance, check out our list of the first five things to consider.

Life insurance, why buy it?

7 reasons you may need life insurance, even if you think you don't Most people don't consider life insurance until later, but the best time to buy it is early on — even in your 20s.

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Peace 🙏

Finding Stillness...

It’s tempting to put off buying life insurance when you’re young, especially if you’re just starting out and money is tight. If you’re young and healthy, you might feel that you can get life insurance later on, maybe in ten or fifteen years. But there are two good reasons to buy life insurance now instead of waiting. The first is that, if you have loved ones who count on you for their financial support, life insurance can help protect them in the event of your unexpected death. The second is price.

As a rule, life insurance is cheaper when you’re young and healthy.

Many young adults believe in financial planning. However, life insurance is rarely taken into account when it comes to creating a plan. When you talk about financial planning, what comes to mind for many young people is having a strong financial foundation, building an emergency fund, creating a budget, saving to pay off debt or for retirement. Life insurance is often forgotten because, to a young person, death is still a long way away. If you are young, healthy and you don't engage in habits or activities that could compromise your health, why would you have to think of dying?

Statistically, many healthy young individuals have died within the last twenty-four hours. So, death is not necessarily only about age and or how healthy you are.

Death is unavoidable. In the face of tragedy, the least you can do for your family is to secure their financial future. Even if it is a small policy, you know that you've done all you can to help them tide over difficult times.

Remember, it is not a matter of IF but a matter of WHEN :)

When should you buy life insurance? Is it ever too soon or too late to buy life insurance? Here’s what life insurance can do for you at different times of your life.

Many people DON’T realize that insurance only gets MORE EXPENSIVE over time. This is also the reason why SMART parents are getting their children insured when they are YOUNG. 🤫

If your child does NOT have insurance, I suggest you spend time talking to your financial advisors to find out more about it! ✅

We hate to fail. Most of us see failure as a sign of being inept. We associate it with disappointment and pain. Our perception is that failure is all bad. But have you ever considered that there is value in failure?

It goes without saying that a penny saved is a penny earned. With the current economic and financial situations, it’s no more a case of asking whether you should put aside some money each month or not. The real question is how can you save some money and make it grow too.

4 things you can do to grow and protect your money during a pandemic While a market dip during a pandemic is concerning, now is the time to assess your ability to take investment risks and look forward into the future.

A Perspective Shift

There’s a long line of CRITICS, and TALKERS. DO-ERS are few and far between and sometimes have to STAND ALONE!

Which line in life are you currently in?

Every day when we wake up, we get to decide how we're going to start the day. We don't get to choose our circumstances most of the time, but we get to decide how we respond :)