I’m now a 27-year-old single, with dependents. I read from Business gurus that having a good financial portfolio is to have insurance. Preparing for the unexpected is very important and being covered gave me peace of mind. Insurance is one of those things that you don’t know it’s importance until it’s too late.
I have seen that critical illnesses can wreck to family finances. Hearing news of families selling their properties and loans just for the treatment is heartbreaking. Years worth of savings and hard earned money will be exhausted for hospital treatment. Upon learning that Philam Life offers a program that covers Critical Illness, Accident, Disability Income, Hospitalization plus my money grows in time through compounding interest, I did not miss the chance to get one myself. It gives me so much comfort that the minimal amount I have set aside will add up into a huge safety net for my future And covered pa’ko ng critical illness until age 75. Pag ganyan edad usually yan na talaga lumalabas ang mga health concerns
I have always associated life insurance with death. But I was wrong. I learned that there are living benefits, which is more important than the death benefits. How can you enjoy your money when your dead?
The Living Benefits
These are some benefits available to you while you are still alive.
1. Cash value accumulated in a policy can help you pay for life’s anticipated, and perhaps unanticipated events, such as buying your first home, education expenses or a wedding. When you retires, you can use some of the cash value to supplement your retirement income.
2. Medical Reimbursement. You can reimburse everything you spent for accidents, up to 120,000 pesos per accident. And you can even reimburse what your employer spent for you, or what your health card paid the hospital. Your savings or money is safe even when unforeseen accidents happen.
3. Critical Illness Benefit provides you with the money you need if you receive a life-threatening diagnosis. If you develop cancer, for example, you will receive a lump-sum cash payment to cover medical bills and any other expenses. Critical Illness Benefit you may choose to add it to a life insurance or mortgage protection policy as a rider. It’s up to you. With Critical Illness Insurance, you and your family will be protected financially from the damage of bankruptcy or a depleted life-savings.
After all, a diagnosis like cancer is devastating enough. You don’t need financial hardship on top of that. Imagine the relief (and physical benefits!) you will experience as you are able to heal from a serious illness without also having financial problems. It’s been much documented that stress from money issues takes a toll on our health. And this is a time in your life when you need to reduce stress as much as possible.
The Benefits of Beginning Early.
Basically, the younger you are, the lower the price will be to insure you. Also, you`re in good health now, then you are almost automatically approved. But most applications are denied if you’re health is in a bad shape. Don’t miss the chance to get protection until it’s too late.
I know i need cash now, but more so as i get older. Many people find themselves thinking that retirement is a long way off. They don’t think its important yet. But just look around, many people that reach their retiring age who did not prepare for their retirement asks money from their kids, or worse, they look for/return to a job to sustain life. I define retirement as maintaining your current lifestyle until your dying years (Example: If you are traveling abroad once a year or change vehicles every 5 years, I will do so during retirement).
Very thankful to have been blessed to start my own investment & protection program. With this, I’ll be able to save up and grow my money faster than the bank. It’s safe & secure, and even gives me medical reimbursement if I get into even just minor accidents. I’ll keep adding more so that I can look forward to a better passive income when I retire! and for even better coverage for critical illnesses until age 75!
I hope that now you understand why it is very important that you start thinking about life insurance right now. It’s one of the best things that you can do for yourself and family. Protect yourself from the unknown and the unexpected. You will greatly appreciate it.
If you want to learn more about this program, I will gladly teach you how.