Why life insurance is important

[Metz]

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how long before e-release? like saputon usa ka before nimo makuha. Im not only talking about life insurance. Im talking about all insurances. Specially car insurance. So para ra sad na nako kay thats base through what i encountered there and what i experience here.

ah ok, if thats the common practice diri sa pinas wa tay mahims.
but at least naay ma claim kaysa wala jud.

murag padug-on gyud ka aning insurance. mas maayo save nalang sa bangko.

naka suway naka offeran ug term insurance bai? or whole life rajud ang gi offer sa imo?
kay term insurance is very cheap. for a 30 yr old, you can be insured for 1M in 20 years for 9k a year.

if single paka and walay gasalig nimo then ok raman di ka insured, just put your extra money in higher growth vehicles like mutual funds, stocks, or business. way growth sa regular savings ug time deposit kay mas dako pa ang inflation.

but if naa kay dependents I hope you insure yourself.
Everybody says they love their family the most but I find it real sad that the house and car is insured, but the bread winner is not insured. And to think mas barato pa ang life insurance kaysa car insurance.

para nako its a must while were still building wealth, and if guwang nata, its a very good investment kay instant pamana sa mga anak.

[catheeyen25]

based on what you said, whole life insurance na imo no?
that's good.

but if nahan paka ug additional life insurance better go for term insurance.

if nahan ka life insurance with investment, Buy term invest the difference(BTID) is better jud.

you can make a loan with ZERO interest. kay ikaw man gahandle sa investment

yah....

nah di sa ko mag add for the mean time as long asa nana ko isa, ok na

[Metz]

yah....

nah di sa ko mag add for the mean time as long asa nana ko isa, ok na

pyter... we just need 1 life insurance in the early stages of our working years, but nagkadugay we will need additional insurance.

for example, a call center agent who earns 16.7k a month or 2m0k a year will actually need to be insured for at least 2M.

the reason for this is, when they die, the insurance should be invested in an investment that gains at least 10% per year. so for 2M it will earn 200k per year, divided into 12 months would be equal to 16.7k.
this is what we call income replacement. This will give time for the spouse to increase his/her income and once ok na, it can be used for the education of the kids.

so most of us are actually under insured(500k to 1M). but ok rana, kaysa wala jud. but once kaya na, then we need to increase our coverage.

[frcyu]

thanks metz for the education regarding insurances, i already bought mine from PRU Life, i hope my dependents won;t be having a hard time in claiming in the event something happens

[Metz]

thanks metz for the education regarding insurances, i already bought mine from PRU Life, i hope my dependents won;t be having a hard time in claiming in the event something happens

you're welcome.

sa mga wala pay personal life insurance or under insured, I suggest checking out pure term life insurance versus whole life insurance. Kay dako kaayo ang difference sa price and basin ang reason na turn off mo kay price ra.

Let's say you're 30 yrs old, for 1M life insurance with some savings, it will cost 40k per year for 10 years. But for pure 20 year term 1M life insurance, its just around 10k per year. Mo differ jud ug 30k per year.

Check my thread in Buy and Sell:

1 Million Life Insurance for P 23.50 per day if you're 30

[Dynamics_2010]

sakto ka bro, kung mangapply ta dale ra kung kita nay nangahinanglan dugay kaayo. it's unfair dba?

usually it takes a few days to process life insurance claims if all documents required are in order i.e. birth certificate or marriage certificate of beneficiary..better to prepare these docs at all times to avoid delays during claims..

[Dynamics_2010]

life insurance is like a parachute...you gotta have it before you need it..

[jivabernardo]

i need an answer for this one first though....

why is it that the processing an application/purchase of an insurance a lot faster than claiming it?

Ani man gd na bro, it involves money man gd that you saved for more than half of your life and these companies want to make sure that the beneficiary sa imong policy will be the right person to receive it. But there are some cases jud na dugay ang processing ana ky they have to look at in a lawman's eye.

Dili man gud na sila pataka ug release sa imong money... mao nang naka nindot sa insurance... not only that, its not an added cost for you but an added savings for you and your future family...

[Metz]

Ani man gd na bro, it involves money man gd that you saved for more than half of your life and these companies want to make sure that the beneficiary sa imong policy will be the right person to receive it. But there are some cases jud na dugay ang processing ana ky they have to look at in a lawman's eye.

Dili man gud na sila pataka ug release sa imong money... mao nang naka nindot sa insurance... not only that, its not an added cost for you but an added savings for you and your future family...

bitaw sa.
salamat, at least naa nakoy nindut nga tubag if naa nay mag claims sa ako mga clients.

[yiennahs]

sakto, para in case mamatay ka kay naa kay ikabilin sa imong pamilya....
simbako intawn