Term Life Insurance

[knight007]

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A bancassurance sales personnel has introduced to me a term life insurance this morning, for a year the premium is just Php5000+ for a 1.6MM coverage with an option to convert to a regular insurance policy.

What's your idea about it considering the amount of premium and the coverage. Is it worth to buy such product?

[lorenzoleo]

I think is it from BPI? Yes that is a fair price for a term insurance for 1.6M coverage.

[cirext]

What does term insurance mean?

[lorenzoleo]

What does term insurance mean?

Term insurance is the basics of insurance. It is like an insurance of your car that you keep on renewing every year. But This term insurance is for you.

[knight007]

I think is it from BPI? Yes that is a fair price for a term insurance for 1.6M coverage.

thanks bro, its in manulife chinabank sa magallanes branch. although magsige lang ta og renew but ang nakainterest na ko is that mas barato sya compare sa regular life insurance. ang apan lang kay walay living benefits.

[lorenzoleo]

Yes walay living benefits kay for pure protection jud na siya. Mao bitaw 1M+ ang coverage but barato.
Murag insurance sa car ba na every year ka mu renew pero at least anything happends nimu, dili luoy ang nahibilin. Daghan kaayog topic about insurance ug investments sa IMG kung mag pa enroll ka. Ako hapit nako mag two years pero dili pa kaayo ko suwito sa uban. Dako kaayo ang FInancial Industry, nindot kung naa kay mamaster na usa.

Kanang term insurance insurance mao ng pinaka basic sa insurance. Kanang ubang insurance na naa nay living benefits, naka package nana mao ng medyo mahal2x.

Kung gusto sad ka mag trainer sa IMG bro, pwdi sad para daghan sad mi trainers na maka share ug teach ani. Daghan pag tao uneducated about this stuffs.

[konhon]

Term life insurance means pag kunin kana ni Lord your wife, parents or relatives will receive 1.6M no maturity na bro.........

TXT ASSISTANT MESSAGING SERVER

[lorenzoleo]

Term life insurance means pag kunin kana ni Lord your wife, parents or relatives will receive 1.6M no maturity na bro.........

TXT ASSISTANT MESSAGING SERVER

Hehehe! yes getting a term insurance shows that you really love and value your family especially your the bread winner.
It is so funny that we insured our cars(comprehensive, house, business but how about the person who insured his cars, house, business? I he/she insured? hehehe!

Dili maka larga ang awto kung walay inusrance, how about ang driver sa awto? Hehehe!