Basic: Life Insurance

Some of my clients considered this solution kasi swak sa kanilang budget. Also planning to get this one as my third policy with Allianz.

I’ve learned a lesson sa dalawang kliyente ko na nakatanggap na ng lump sum cash to really maximize your critical illness benefit.

Saan ka kukuha ng malaking pera for your medical expenses??

A. Ubusin lahat ang savings or emergency fund, kung mayron
B. Mangutang or mag loan
C. Hihingi sa relatives
D. Benta ng properties
E. Mag post sa social media, or
F. Sa Insurance Plan?

“SAYANG LANG PALA MGA HINULOG KO NG ILANG TAON, WALA NAMANG NANGYARI”
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Bakit? Gusto mo pala sana na namatay, naaksidente o nagkasakit ka? Iba din ha.
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Unang-una, yung hinuhulog mo ay either pambayad ang kabuohan, o parte nito ang pinambayad sa insurance, depende sa type of plan o policy mo yan.
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Pangalawa, contrary to what some people assume, hindi ka binibigyan ng libreng insurance dahil nagpatambay ka ng pera sa insurance company o dahil nag-invest ka. May bayad ang bawat insurance coverage na meron ka.
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Now imagine this. You own a convenience store, a 24/7 one, parang 7-Eleven.
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You hire two security guards for two shifts. Let’s say you pay ₱35K for each of them to their agency. So that’s a total of ₱70K a month na gastos.
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Now why did you hire them? Obviously, to protect your store. To make sure no robbery or theft happens, or emergencies such as fire, destruction of property, etc. — which could cost you thousands of Pesos or more.
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It works the same way when you get an insurance policy. There’s a cost for the protection from loss, there’s a cost for the peace of mind.
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And how ridiculous it is na bawiin mo ang pinangsweldo sa security guards dahil wala namang nangyari is how ridiculous it is to say na dapat ay ibalik ang pinambayad o buong hinulog sa insurance policy dahil wala namang nangyari.
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Although there are policies out there that give a total premium return when you hit a certain age with no claim, still the insurance company made money out of what you put in.
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Insurance is a win-win business, just like any other. You pay through your premium, and the insurance company gives you financial protection. That’s it!
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And if a business owner is willing to spend around ₱70K a month to not lose thousands to a few millions, bakit ayaw mong magpa-insure when you’re worth more than millions? Think about it.

My mentor, idol, teacher, Sir Art Artemio Wapanio