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…
Category Archives: Basics
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…
How to Continue Generating Income Even after You’re Gone
Norbert, 30 years old, breadwinner, father of a 2-year-old daughter, his wife is a housewife. Norbert is earning well for the 3 of them. His monthly salary is 40,000 per month; and that is enough to pay for all their bills and have a simple and comfortable life with his family. He went to one…
When a Life insurance Company Closes, Should you Worry?
Recently the Insurance Commission announces closure of 4 insurance firms, 1 from a life insurance company and 3 from non-life. They are still unnamed since the closure and possible mergers that can happen are still under evaluation and submission. (Business Inquirer) When you hear this in the news, what will you do? Will you panic? …
What are the Differences Between Health Insurance, HMO and PhilHealth?
So many people are getting confused over Health insurances, HMO and PhilHealth in our country. Many think that they are all the same. Under the same industry or provider. Let me tell you the differences that they have. Let us start with its basic meaning: Health Insurance – these are health care benefits that are…
3 Reasons Why Your Housewife Needs Life Insurance Too
Life insurance is an essential financial foundation of a family. It provides financial protection to the family members left behind if the insured passes away, especially if the one is the breadwinner of the family. But thinking that life insurance is not important to the other one who stays at home (your housewife) is a…
Dissecting PhilHealth: Know your Rights and Benefits Part 1
Now that PhilHealth is on the rocks. Let’s know it’s what and how. This will be the first part of a 3-part-series regarding PhilHealth. “Health is not valued until sickness comes.” Thomas Fuller Health is wealth, the saying goes. But health insurance can be costly. One affordable option especially for any employee, is…
