21/02/2022
I have multiple insurance policies too. It covers income protection, retirement and health care. Pero dagdagan ko pa. Why?
1. Di pa enough para sakin yung maiiwan ko sa family ko kapag may mangyari sakin. I work hard para sa pamilya ko, gusto ko sila mabigyan ng magandang buhay kahit mawala ako.
2. Need ko magipon para sa retirement. Gusto ko ngayon pa lang makapagipon na ko, para malaki laki masesave ko once magretire ako.
3. Mahal magkasakit/maospital. Nagprocess ako ng HIB claim ng client ko, 5 days lang naconfine pero ang mahal ng bill.
4. Para sa Educational Fund. I admit, wala pa ko nasisimulan para dito, pero kasama to sa insurance planning na ginawa ko para sa sarili ko.
Believer ako ng insurance. Aware ako sa benefits and security na makukuha ko dito. Isa to sa mga reason kaya ako naghanap ng iba pang source of income. Kaya kapag lumaki income ko, kukuha pa ako kasi marami pa ko need pagipunan.
Message me if you want proper insurance planning.
PWEDE BA MULTIPLE LIFE INSURANCE POLICIES?
Short answer is YES. But the more important questions are, do you NEED multiple insurance policies and can you PAY them all off?
Personally, I have 11 insurance policies.
Pero bakit? Hindi ba sapat yung isa lang?
Primary reason kung bakit marami akong policies is because I have dependents. I want to make sure that if I'm taken out of the picture, they are well off and can still live a comfortable life. Kung nag-stick ako sa isa at unang policy ko, sure ako kukulangin 'yon. Gusto ko maganda pa rin buhay ng mag-ina ko kahit kunin man ako ni Lord nang maaga.
Pangalawa, iba't iba ang types ng insurance para sa iba't ibang purpose.
I have term insurance for short term protection na kaya magbigay sa'kin ng malaking coverage for minimal premium.
I have health insurance plans para 'pag nagkasakit ako, focus ako sa pagpapagaling, hindi sa paghahanap ng pera pang-bayad sa hospital bills. Kung 'di man ako magkasakit, pwede ko naman magamit as cash yung policy.
I have VUL policies for added life insurance coverage and back-up investment funds, possibly for retirement. This also forces me to save up kasi may due date sya. Unlike when I invest on my own, minsan I am tempted na 'wag muna mag-deposit.
And I have a whole life/endowment plan which gives me guaranteed lifetime passive income. Aggressive investor ako but I'd also like to diversify to more conservative products like this one. I can also use the funds from this for college fund ni Gia years from now. Sure na mag-college sya, so hindi pwede na yung funds for that ay hindi sure.
Third and final reason bakit multiple policies is because I wanted to build slowly and I wanted to make sure na pag kinuha ko yung plan, matatapos ko yung payment duration. 'Pag lumalaki ang income ko enough for me to get another policy, and there's still a need for it, edi go tayo.
At the end of the day, dalawa lang naman yan, kung may paggagamitan ba ang additional policy at kung kaya ba ng budget mo mag-add.
Message me if you want proper insurance consultation so you'd know if you're properly covered and if not, you'd know what could be best for you.
