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…
Tag Archives: life insurance
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? …
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…
Mandatory Life Insurance for all Filipinos
Mandatory Life Insurance for all Filipinos Last week, I had an unusual date with my husband. I went with him to have our car registered. It’s the first renewal registration since we last bought it 3 years ago. So, there I was, bored while waiting. When I suddenly noticed the sign board below, saying: As…
The Ultimate Expression of your LOVE for Your Family
Let me tell you a real story on how a father was able to prove his love for his family. This is a real story of Erick and it happened 10 years ago. Erick is a life insurance agent, Mang Silo was a friend, a farmer with a wife and 5 kids. Erick approached Mang…
Buti pa ang Kotse Insured, Eh Ikaw?
“Hi doc Pinky, this is Jonathan, I would like to stop paying my life insurance.” May I know why? I said. “I recently bought a car and I can’t pay for both.” (Jonathan) “I also have a car and I know that the life insurance you got from me is only 10% of what you…
Is Employer Sponsored Life Insurance Enough?
My employer provides me life insurance coverage, is that enough for me? In the Philippines, Life insurance benefit from companies is not usually required by the government. But if your company is wise enough, it is a risk mitigating tool they can use in order to decrease the operational cost if something happens to their…
