15/04/2023
*WORTH READING*
A friend once told me:
"Ayoko ng insurance kasi unang una, pinapayaman mo lang ang ahente dyan."
My friend didn't know that I am already part of the industry. And when I told her that I'm also a financial advisor, I saw a hint of embarrassment on her face. But don't get me wrong, I still love my friend despite her statement. Hahaha! It just made me realize though, that it could be one of the many reasons (or excuses) why most people don't want to get insurance.
And because of that assumption, a lot of people lose the opportunity to prepare!
I was like, they don't know what they are missing!
What they don't realize is that:
1. Putting ALL their money in the bank and letting it hang there with a very small interest cannot keep up with inflation;
2. Buying a lot of properties that they want to be passed on to their heirs when they die, not realizing that their heirs won't be able to get it unless they pay the estate tax (6% of the total value of the property);
3. Putting ALL their money in the stock market, not realizing that this is also subject to estate tax;
4. Solely depending on their company's health benefits as if they will be an employee forever.
But here are the realities of life:
1. Insurance nowadays can be enjoyed even when you are still alive (for retirement purposes);
2. We cannot escape these two things: DEATH AND TAXES
3. YOU DON'T WANT TO BE AN EMPLOYEE FOREVER. Sooner or later you also want to retire comfortably;
4. Illness, be it minor or critical, normally comes when you are old and can no longer provide for yourself.
5. Sooner or later your kids will go to college and you would want them to go to the best school.
6. SINANAY MO ANG PAMILYA MO SA GANYANG LIFESTYLE BUWAN BUWAN, do you expect them to immediately adjust to a lifestyle that they are not used to when you are gone?
So guys, if you can only promise all the financial advisors these three things:
1. YOU WON'T GET OLD
2. YOU WON'T GET SICK
3. YOU WON'T DIE
YOU DO NOT KNOW WHAT YOU ARE MISSING. Financial advisors can always get another believer and turn them into a client, but you can NEVER GET ANOTHER INSURANCE if you are already sick or when you're already dead.
CHAT ME FOR AGENT REFERRAL.
