Before investing in any life insurance plan, please be sure to check that the company is affiliated with the Insurance Commission. Mao ni ang link sa Insurance Commission: | Official Website of the Insurance Commission |
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Naay pwedi makahatag ug Idea about Life insurance ngari? murag napangutana nah nko ni sa una pero karun ra jud ko na serious kay naa nay baby
So naa maka hatag diri ug estimate if unsay paagi ana term insurrance:
-Pila sad sample bayranan kada bulan
-Pila ka bulan bayaran
-pila an coverage
Nya what if mga 30 yrs old na.
tnx..
Ideally, the amount of coverage must be in line with your family's life style and how long will your children depend on your income.
For example, if you're earning P20T a month and have a 1 year old kid. Assuming that your child will graduate from college by age 22 and earn a job. Ingon ani ang computation:
P20T X 12 = P240T
P240T X 22 (years before your child becomes independent) = P5.28M
You'll need at least P5.28M to ensure that in case mawala ka (God forbid), your family can still continue to live with the same lifestyle nga naandan nila (P20T a month). That computation is pretty basic since it doesn't consider inflation rate and other possible expenses in the future but that should be enough for you to know kung pila imong kinahanglan.
You don't have to get a life insurance coverage that big in an instant, pwede ra hinay2x para dili bug-at sa budget.
Philam Life has this product named Family Secure. We can give you P2.2M coverage for less than P2T a month. Such plan also includes medical reimbursements and accident and health benefits. Also included in the plan is another (separate) coverage for death through accident that means your family gets double in case you die through an accident (God forbid).
It also has an investment portion handled by PAMI which could help you in your future. PAMI is one of the top performing mutual fund company in the Philippines right now having yields of around 24% in equity fund, 8% in bond fund, and around 20% in balanced fund.
That is basically life insurance and a high yielding investment for only less than P2T a month.
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