While you are working to achieve your financial goals, there are uncertainties in life. I have invested in insurance so that just incase something will happen to me such accident, disability or worse death, the money that I want my family to have will be available to them instantly.
Here’s one thing that I want you to understand and ill make it very clear. You wont benefit from life insurance. But… the people that you love, your family, will. The main purpose of life insurance is to replace your income if something happens to you.
Let’s illustrate:
Let’s say you are the breadwinner of the family and you have a monthly income of Php25,000 (Php300,000 yearly). Because you love your family. you bought a life insurance with 3 million coverage.
In the event that something happens to you, your family will receive the Php 3 million. What will they do with the 3 million? Well its up to them because your no longer around. They could spend it all in few years, months or even days. However, if you teach them to save and invest that 3 million pesos, it could go a long way.
If they invest the 3 million at an interest of 10% per year, your family will be receiving 300,000 as interest yearly without touching the principal.
Please note that while you are alive, you are providing your family 300,000 yearly. But when you’re gone, the life insurance you bought provides the same amount. This is because life insurance is your INCOME REPLACEMENT. This means that, your family can live, and your daughter can finish her studies and graduate and they have funds to use for their daily expenses.
We always thought that life insurance is expensive and only the rich can afford it. But you know what? That’s not true at all if you know how to buy life insurance.
Let me share with you about the most affordable life insurance that I know of. This is the Manila Banker’s Life Multiple Option Term Insurance 18 (M.O.S.T. 18). This is by far one of the most affordable pure term life insurance in the country right now.
For example:
At age 30, you can get 1 million Life Insurance for a price of Php 5,710 per annum or around Php 16 per day.
Manila Bankers Life is now under new management and is part of the growing companies affiliated with International Marketing Group. IMG acquired Manila Bankers Life because they want to deliver their promise to provide a more affordable yet higher insurance coverage to Filipinos.
I'm NOT going to offer life insurance. What I’m offering you is an opportunity to show your love to your family by protecting their future.
Me and my husband, Reymond have life insurance not the typical one in the market but the cheapest yet with enough coverage. This play vital role in our financial strategy, while we still accumulating wealth we need to ensure our family will live when we are gone through life insurance proceeds.
Manila Bankers Life Insurance Corporation is a life insurance company based in Makati City, Philippines, duly recognized and authorized by the Philippine Insurance Commission. The company offers a wide array of new and innovative life insurance products, catering to the needs of individuals and groups. The company creates customized life insurance packages based on the requirement of its major and significant customers. Since 1967, Manila Bankers Life Insurance has continued to serve the Filipino people from Luzon to the Visayas and Mindanao area. SEC Registration Number: 15238 Certificate of Authority Number: 2016/14-R.
Click the button below for quotation and step by step process to fill-up MB Life MOST 18 online. Secure your family!
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