Charmaine Belza

Headline inflation eased to 3.7% in June after four straight months of acceleration due to a slower rise in electricity and transport costs, the Philippine Statistics Authority (PSA) said. https://zurl.co/FRUc

While other nearby countries like Taiwan and Singapore boost a 9 to 10% Insurance pe*******on, Philippines was only at about 1.6%. One of the main contributing factors here maybe is our lack of familiarity with how this thing works.

Let me share with you some of the pinaka ~famous~ misconceptions about life insurance:

𝗠𝘆𝘁𝗵 #𝟭 — 𝗟𝗶𝗳𝗲 & 𝗵𝗲𝗮𝗹𝘁𝗵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗶𝘃𝗲.

The amount you pay for your coverage depends on many factors like your age, health condition, occupation, etc. So the younger and healthier you are, the more na you can avail policies na costs less than Php 20 per day lang.

𝗠𝘆𝘁𝗵 #𝟮 — 𝗬𝗼𝘂 𝗱𝗼𝗻’𝘁 𝗻𝗲𝗲𝗱 𝗹𝗶𝗳𝗲 𝗮𝗻𝗱 𝗵𝗲𝗮𝗹𝘁𝗵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝘆𝗼𝘂𝗻𝗴 𝗮𝗻𝗱 𝗵𝗲𝗮𝗹𝘁𝗵𝘆.

Getting insured early means high chances of approval + cheaper premiums. Yes, you may not need the insurance claims now but when you get older and your health declines, you will thank yourself for preparing ahead.

𝗠𝘆𝘁𝗵 #𝟯 — 𝗬𝗼𝘂 𝗱𝗼𝗻’𝘁 𝗻𝗲𝗲𝗱 𝗹𝗶𝗳𝗲 𝗮𝗻𝗱 𝗵𝗲𝗮𝗹𝘁𝗵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗱𝗼𝗻’𝘁 𝗵𝗮𝘃𝗲 𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁𝘀.

If you live independently, all the more na kailangan mo ng funds in case you get sick. Hiring caregiver + other medical related costs can be costly, and since you have no one else to depend on, preparing a head is a must.

Also, life insurance proceeds can be used to pay for your final expenses and a gift to people na close to your heart na rin. ♥️

𝗠𝘆𝘁𝗵 #𝟰 — 𝗬𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆-𝘀𝗽𝗼𝗻𝘀𝗼𝗿𝗲𝗱 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝘀 𝘀𝘂𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁.

Coverages like this is only effective while you are employed and while the company feels like giving so. Any changes in your employment status and company’s benefit structure puts your coverage at risk. Sobrang sad story kapag mawalan ka ng company-sponsored insurance when you are no longer insurable.

𝗠𝘆𝘁𝗵 #𝟱 — 𝗟𝗶𝗳𝗲 𝗮𝗻𝗱 𝗵𝗲𝗮𝗹𝘁𝗵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝘀 𝗼𝗻𝗹𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗽𝗿𝗶𝗺𝗮𝗿𝘆 𝗯𝗿𝗲𝗮𝗱𝘄𝗶𝗻𝗻𝗲𝗿.

Stay-at-home parents/ secondary earners have significant contributions to the household too, and you may not realize it now, pero losing them would have a financial impact as well.

So, ayon. If other countries can do it, maybe we can too. We just have to be more open sa idea, be more educated, and unlearn the myths na was fed to us.

Happy to answer life insurance inquiries — just chat or call hehe 💬

Charmaine Belza
📞09457281333