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What Type of Insurance Should You Get

What Type of Insurance Should You Get

What Type of Insurance Should You Get When Living in the Philippines?

LIFE INSURANCE

09 August 2017

Being wise about your money is not just about saving pennies for a rainy day, it’s also about protecting your assets for the future. As a working professional, your biggest asset is yourself. Without a healthy body and an active mind, you won’t be able to work and generate an income for yourself.

If you’ve been working for quite a while now, it’s safe to assume that you’ve accumulated some assets in your lifetime. Protecting them through specialized types of insurance plans can help you maintain their value and protect your money.

In the Philippines, we have several types of insurance plans available. We will be discussing the three main types today to help you decide which one is best suited for your needs and financial goals.

Investing on Yourself Through Life Insurance

As mentioned earlier, a working professional’s best asset is himself. After spending years and years on back breaking work, you’d want to give yourself a chance at a more comfortable life during your retirement.

 A working professional in his or her early 20s can highly benefit from the immense monetary reward of investing on life insurance as early as possible. Consistently setting aside money for the future as early as now can help you achieve financial freedom a lot sooner than you think.

 The key to owning a life insurance plan is consistency and discipline. If you want earn high returns through interest rates, you have to be consistent in setting aside money on a monthly basis.

 

Protecting Your Well Being Through Health Insurance 

 

Health issues strike when you least expect it, and most of the time we aren’t financially prepared to cover for all the necessary medical treatments.

Investing on health insurance assures that you get the proper treatment you deserve and need without compromises. You no longer have to worry about leaving the financial burden on friends and family because you’re smart enough to begin saving for it long before you got sick.

“Health issues strike when you least expect it, and most of the time we aren’t financially prepared to cover for all the necessary medical treatments.”

Preparing for the Worst Through Car Insurance 

 

You can be the most careful driver on the road but at some point or another you’ll eventually meet misfortune on the road. A car accident can put your life at risk and can cause serious damages on your vehicle, which can be costly to repair.

 A car accident is a harrowing ordeal on its own. You wouldn’t want to be left with piles and piles of medical bills and repair expenses as soon as you get out of the hospital.

 Investing on a comprehensive car insurance will take care of all of that so you can focus on getting back on your feet at your own pace.

 Find out which among the three types of insurance plans discussed here today works best for you and your needs by booking an appointment with our financial life advisor today. He will make a thorough assessment of your current financial standing and integrate your long term goals to an insurance plan that works best for you.

 

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How To Make Better Financial Decisions as a Millenial

Tips On Finding The Right Financial Life Advisor for You

Reasons Why your Employer Sponsored Insurance is not Enough

How to Make Better Financial Decisions As a Millennial

How to Make Better Financial Decisions As a Millennial

How to Make Better Financial Decisions As a Millennial

LIFE INSURANCE

Mariko Urimoto, Financial Blogger, Philippines

04 August 2017

If you are a millennial, it’s safe to assume that you’re either relatively new to the workforce or have just started building your savings. At this point in your life, you have to master financial literacy in order to better prepare for the future.

With inflation shooting off the roof in the recent years, you need to be more careful about spending and saving your money.

If you want to learn how you can begin making better financial decisions for yourself, keep reading because we will be dishing out a few insightful tips that will help you live comfortably in the years to come.

Build Your Savings

Most of us, including your parents and their parents’ parents, only save what’s left of their salary after deducting all their expenses. If you want to consistently build on your savings, you have to stop treating it like an afterthought.

The rule of thumb is to treat your savings as a fixed expenditure and work it in within your budget. If there are adjustments you need to make, only your lifestyle expenses will be affected – which you can easily adjust.

Having enough savings to cover three months worth of your expenses is a great goal for beginners. From there, try becoming more selective about what you spend your money on and be more earnest in saving.

 Compromising your savings “just this one time” will become a recurring thing if you don’t control yourself so be sure to practice discipline as early as now.

Change #TravelGoals to #LifeGoals

 

While it’s true that you should see as much of the world while you still can, traveling should only be done if you have enough money in the bank and in investments.

Going home flat broke after a weekend of fun out of town can fun to look back on but you’ll soon have to face the reality of rapidly mounting bills and credit card payments that are doing nothing for your credit standing

Having enough savings to cover three months worth of your expenses is a great goal for beginners. From there, try becoming more selective about what you spend your money on and be more earnest in saving.

Don’t Be Afraid to Invest 

It’s for certain you’ve heard one family member tell you you’re not ready to invest or you can’t really afford to commit to an investment. We’d like to debunk that myth right now.

 The truth is, anybody who’s earning a consistent monthly income can invest. All it takes is discipline and commitment.

 One of the best things you can invest on is your retirement. If you want to live a comfortable life in your olden days, you should begin investing on a life insurance plan as early as now. By setting aside a consistent amount of money on a monthly basis, you are safekeeping enough money for your retirement.

 If you want to begin saving for a brighter and more comfortable life in the future, don’t hesitate to reach out to our professional life advisor. He can help you make better financial decisions that will set you up for life.

Get a Quote from One of Our Financial Advisor

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Ultimate Guide to Choosing the Best Life Insurance in the Philippines

A Millenial’s Guide to Life Insurance

4 Important Things You Need to Ask Your Life Insurance Advisor

Reasons Why You Shouldn’t Run Away From a Financial Life Advisor

Reasons Why You Shouldn’t Run Away From a Financial Life Advisor

Reasons Why You Shouldn’t Run Away From a Financial Life Advisor

LIFE INSURANCE

09 July 2017

If you’ve been on Earth long enough, it’s safe to say that you’ve managed to develop a talent in evading a financial life advisor. Filipinos are perpetual penny pinchers (or should we say piso pincers?) so running away from someone who’s trying to sell you something comes naturally to you and I.

We can chalk it up to bad experiences in the past or just a bad perception of an insurance salesman in general but today we will be discussing why you should consider having a sit down with a professional who has the expertise to help you save up for a better future.

Find out why you shouldn’t run away from a financial advisor below.

Financial Expertise

Financial life advisors are highly-skilled professionals who are provided with top-calibre resources to provide you with the best financial advice based on your current lifestyle and goals.

These professionals undergo hours upon hours of training to make sure they can provide you with the most convenient and plausible package that are tailored just for you. As the name implies, they are not just sales professionals – they are advisors whose main duty is to help individuals like you make better more sound financial decisions.

If there’s anyone you should talk to about your financial goals for the next 10 years, it’s a financial life advisor.

Not What They Used to Be

 We’ve all heard of insurance horror stories that have robbed people of their life savings, which makes talking to a financial life advisor in the Philippines a whole lot less appealing.

While the crash of a well-known pre-need insurance company is not something to be ignored, you should also understand that what happened to that company is an isolated case.

More than anything, that incident should tell you that the insurance companies that are left standing here in the Philippines have the financial strength and capability to withstand even a recession – in a third world country, no less.

The first step to your own financial freedom is ridding yourself of any stigma you might have against financial life advisors. Keeping an open mind and a better understanding of the industry should help you make better investments for the future.

The first step to your own financial freedom is ridding yourself of any stigma you might have against financial life advisors. Keeping an open mind and a better understanding of the industry should help you make better investments for the future.

Good Hard Look at Your Finances

Talking to a financial life advisor should help you give your finances the good hard look it deserves. We’re all complaining how we live paycheck to paycheck but we are also among the firsts in line during a mall-wide sale. These are indicators of bad spending habits that needs to be addressed if you ever dream of retiring comfortably in the future.

You shouldn’t be afraid to talk to a financial life advisor because at the end of the day, it’s your decision whether you’ll sign up for a plan or not. Sit down with our dedicated advisor today to gain insights on how you can better plan for the days ahead.

Get a Quote from One of Our Financial Advisor

5 + 14 =

What Type of Insurance Should You Get When Living in the Philippines?

Bad Pinoy Financial Habits That Are Keeping You Broke

 

How to be Financially Free in a Third World Country

Tips On Finding The Right Financial Life Advisor for You

Tips On Finding The Right Financial Life Advisor for You

Tips On Finding The Right Financial Life Advisor for You

LIFE INSURANCE

Mariko Urimoto, Financial Blogger, Philippines

01 July 2017

You’ve finally decided to invest on your future by signing up for life insurance but who do you talk to? There are hundreds upon hundreds of financial life advisors out there and it’s of utmost importance that you know how to pick the right one for you.

To help you expertly comb through the many options you have, we’ve created a guide that will help you choose the right financial advisor for you. Find out more below.

Assess Any Conflicts of Interest

 

As a potential plan holder, you need to look after your best interest – and you should find a financial life advisor who will do the same.

Finding an advisor who can look into your financial circumstance in the most objective way possible is the best way to provide you with the most accurate assessment and recommendations. If you plan to go with someone who may be related to you or someone who is too invested in your personal life, think twice.

Someone who is too close to you might have biases about your financial standing and behavior. If you’re going with a financial life advisor who is closely related to you – be it a friend or a relative – make sure that they are not too attached with your personal life.

This way, you avoid potential conflicts of interest that can sever ties, both personal and professional.

 

Test Their Knowledge

A financial life advisor is someone who will take charge of your finances that is set to help you live a comfortable life in the future – and that’s a long term commitment. Finding someone with utmost expertise in investments and financial management is key in safekeeping your savings and helping it grow in the most rewarding way possible.

Someone who lacks expertise may not be able to provide you with sound and accurate financial advice, which can lead to potentially devastating scenarios as far as your money is concerned.

You want to find someone who can effortlessly and expertly glide through any financial legality or technicality without batting an eyelash.

You want to find someone who can effortlessly and expertly glide through any financial legality or technicality without batting an eyelash.

Go for Someone You are 100% Comfortable With

 

Never go for someone who will pressure you to do things you’re not 100% comfortable with – both in life, love, and finances.

 If a financial life advisor is being too pushy, learn to assert yourself and say no. These people might not have your best interest in mind. If someone is forcing you, whether directly or indirectly, to make a payment you are not comfortable with making, assert yourself and leave.

 Saving money for the future is a lifelong commitment and you’d want to find someone who can walk with you every step of the way.

 Find a dedicated, professional and committed financial life advisor by contacting us today. We can help you make the best financial decisions for you and your family without the pressure.

 

Get a Quote from One of Our Financial Advisor

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What Kind of Insurances You Must Seek Living in Philippine

Awareness on Insurance in Philippines

Everything You Must Know About Life Insurance

Bad Pinoy Financial Habits That Are Keeping You Broke

Bad Pinoy Financial Habits That Are Keeping You Broke

Bad Pinoy Financial Habits That Are Keeping You Broke

LIFE INSURANCE

24 June 2017

Let’s be honest: As Filipinos, we are guilty of making bad financial decisions – whether we are aware of it or not. Wherever a Pinoy might be, his bad financial decisions are sure to be right behind him.

Being more aware of the root causes of these bad decisions should help you get out of financial depression and become more inept in properly handling your money for a brighter future.

Learn about the most common bad financial decisions Pinoys are guilty of and how you can turn them around for the better by reading our blog below.

Using Money to Appease Guilt for (Insert Pagkukulang Here)

 

Using money to appease your feelings of guilt for any shortcomings you may have to friends and family is one way to financial doom. The truth is, humans are ridden with shortcomings and there’s no amount of money that could make up for it.

We’ve seen this since we’re young: Our parents bribing us with money so we’ll stop crying, treating everyone to a round of drinks simply because you weren’t present during the previous get together, and sending money back home to compensate for your absence as an OFW.

This bad relationship with money is causing you to incur more expenses that you can actually afford. There are other ways to make up for your shortcomings and using money isn’t one of it.

 

Using money to appease your feelings of guilt for any shortcomings you may have to friends and family is one way to financial doom.

Being Afraid of Financial Life Advisors

 

Filipinos have grown deathly afraid of financial life advisors due to a number of reasons:

1.) They’ve been lured by one too many networkers in the past

2.) They’ve witnessed the fall of a well-known pre-need insurance company in the past and

3.) They know financial advisors can see through their bad financial mistakes.

Let’s get the facts straight, financial advisors are not networkers. They won’t be offering you 10,000 PHP worth of glutathione or anything to that degree. What they’re offering is a sustainable plan that can help you achieve long term financial freedom

We like to call it alternative savings.

Financial life advisors have tremendous training in developing a financial strategy that can help you live a comfortable life once you decide to retire. This may not provide you with the instant gratification a purchase might give you but it’s a long-term investment that will set you up for life.

Financial advisors are trained to see your financial mistakes and turn them into learning opportunities so you can work together in developing better financial decisions in the future.

You can gain a good amount of insight about financial literacy just by opening your doors to a reliable financial advisor – and that’s not something to be afraid of.

Let’s get the facts straight, financial advisors are not networkers. They won’t be offering you 10,000 PHP worth of glutathione or anything to that degree. What they’re offering is a sustainable plan that can help you achieve long term financial freedom

Treating Your Savings as an Afterthought

 Treating your savings as an afterthought is one of the main reasons you’re in a financial standstill. If you really want to consistently add on to your savings, treat it as a fixed expense from your monthly income.

Getting in the habit of looking at your savings differently can help you put your money where it should be – safely tucked for your future.

Failing to save is one of the gravest mistakes you can make. As early as now, you should begin thinking about the life you want to live once your hair turns gray. Learn more about financial management by setting an appointment with our reliable financial advisor today.

Get a Quote from One of Our Financial Advisor

15 + 10 =

Reasons Why You Shouldn’t Run Away From a Financial Life Advisor

A Millenial’s Guide to Life Insurance

4 Important Things You Need to Ask Your Life Insurance Advisor

Reasons Why your Employer Sponsored Insurance is not Enough

Reasons Why your Employer Sponsored Insurance is not Enough

Reasons Why your Employer Sponsored Insurance is not Enough

LIFE INSURANCE

Mariko Urimoto, Financial Blogger, Philippines

07 June 2017

One of the biggest perks in working for a large-scaled company is the benefits you receive in exchange for being a loyal and productive employee. One of the most common benefits provided to employees here in the Philippines are health insurances. This is necessary in order for the company to mitigate risks and reduce the overhead cost in case an employee becomes ill.

Most of us would think that having an insurance issued by the company you work for is enough to set you up for life. We hate to break it to you but this is not always the case for most companies and workers here in our beloved country.

Below, we will be recounting the reasons why your employer sponsored insurance is not enough – and why you should start saving up for your own personal insurance.

You are most likely under term insurance.

This means they are not permanent. If you  prematurely lose your position in the company, you are most likely to lose your coverage as well.

It’s important that you ask your HR department and see whether you can bring your insurance plan with you when you leave the company. In an event of a termination, see to it that you can carry on to paying for the insurance yourself.

If your company does not permit this, it’s smart to start saving for a personal and permanent life insurance package for yourself as soon as possible.

It’s important that you ask your HR department and see whether you can bring your insurance plan with you when you leave the company. In an event of a termination, see to it that you can carry on to paying for the insurance yourself.

Your insurance does not have fund or cash value.

Those who are able to receive compensation – whether in forms of cash or funds – during an emergency or when they retire are those that are covered by a permanent life insurance package.

Most entry-level employees are only covered by termed insurance packages. This means that their coverage and benefits are withdrawn once their employment is terminated or has retired.

This means you won’t getting anything from it once you leave the company, not funds nor cash.

 

Your company becomes your beneficiary.

There are certain companies out there who would assign themselves as a beneficiary to your plan. This means if anything happens to you whilst employed, your company will split the financial return with your family.

Find out whether your company has assigned your family as the sole beneficiary of your plan. If they are listed as one of your beneficiary, you really can’t do anything else but to start investing on your own plan. Failing to do so will result to you splitting the proceeds between your company and your household.

Making sure you have the right coverage is key in wisely investing your hard work and money on the right insurance plan. Find out how you can find the plan that is tailored to your needs and will benefit your family in the long run by speaking with our experienced Financial Advisor today.

Making sure you have the right coverage is key in wisely investing your hard work and money on the right insurance plan.

Get a Quote from One of Our Financial Advisor

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What Type of Insurance Should You Get When Living in the Philippines?

Bad Pinoy Financial Habits That Are Keeping You Broke

 

How to be Financially Free in a Third World Country