There is a lot of debate between getting a term or a permanent life insurance plan. Some financial experts suggest getting a term insurance over a permanent one, while others suggest that permanent life insurance plans are better than the other. What I want you to do is, JUDGE for yourself. But before judging which…
Category Archives: Insurance
What Type of VUL plans do you have? Protection-focused or Investment-focused?
When we say VUL, it means: Variable Universal Life. It is a type of permanent life insurance policy with built-in savings/investment component. If you are the type of person who insists that BTID or Buy term invest the difference is the way to go, this post is not for you. You can check my post…
Top 12 Business and Money Lessons from Watching “The Greatest Showman”
Finally, after almost a month from showing. The Greatest Showman fever finally got me, just two days ago. The movie is so rich, colorful and very entertaining. Many articles on motivation and uplifting of human spirit came up because the movie is so full of that. But, because I am a finance blogger, l view…
The Importance of Having a Funeral Services Plan and Burial Lot
As they say, “Death is not the OPPOSITE of life, but a part of it.” Having a funeral services plan is also important in planning since it is a part of life. I remember 2 years ago, a relative died in our home while sleeping. Since I am the doctor of the family, I was…
A Guide to Creating Beneficiaries for your Life Insurance Policy
Before we start with the Guide to Creating your Beneficiaries to your life insurance policy, let me familiarize you with some of insurance lingo and terms that we will be using in this post: Policy Owner (or policyholder) – the person who owns an insurance contract (policy) Life Insured – The person whose life is…
What if I am SICK? Can I still get a Life Insurance Policy?
Recently, I have a client who got deferred because she was very thin. Because of her weight, she was made to undergo a chest x-ray before admitting her application. True enough, after the chest x-ray, she was found to have a PTB (Pulmonary Tuberculosis) hence, her application was deferred. From the above example, there are…
9 Common Mistakes First-Time Life Insurance Buyers Make and How To Avoid It
1. They buy life insurance because they are being offered by their friends or family (buying with no definitive reason). Life insurance is an important part of a financial foundation for any person or family. It should be bought for a definite reason and not just because it’s being offered by a friend or family…
Those With HIV May Now Get Life Insurance
Before, if you are HIV positive you can never get insured. Insurance companies will decline you right away if you declared it. HIV in the Philippines The Philippines is currently one of nine countries with rapidly increasing cases of HIV infection. The annual reported cases of HIV in the country have increased 37…
