- Estate conservation— ”I recently learned that the government will take a portion of my assets when I die (estate tax). I want to hand it down to my heirs 100%…so I bought life insurance.”
- Estate creation— “Someday, I want to be able to give a million to each of my children, but I am not a multi-millionaire. Thankfully, we can all choose to die rich…so I bought life insurance.”
- Family subsistence— “I want my family to live a decent life even after I die, that is, by being provided of at least the basic necessities in life, like food, shelter, and clothing…so I bought life insurance.”
- Preservation of lifestyle— “I want my family to continue enjoying the luxuries in life they presently enjoy, and especially, for my kids to continue going to the same type of school…so I bought life insurance.”
- Child’s education— “I’m healthy and earning well now, but what about after a few years, or when my child enters college? And what if I die? I’m glad our life insurance policy guarantees an education fund for my child.”
- Retirement— “I realized I cannot rely solely on our company’s retirement program because not only is it inadequate, it also requires that I stay with the company until age 60. Looking forward to the retirement benefit from my life insurance gives me more confidence and freedom.”
- Disability Income— “When one gets disabled, would his income continue? NO! Would his cost of living increase? YES! That would be a dreadful combination…so I bought life insurance.”
- Charitable donation— “I have always dreamed of donating a huge amount of money to our church or to a scholarship foundation…so I bought life insurance.”
- Forced & guaranteed savings— “Being single, I see my salary is over-spent in restaurants, shopping malls, and leisure activities. And I always end up withdrawing from my bank account. Through life insurance, I am “forced” to save in a plan that guarantees me cash for the future.”
- Safe investment— “I cannot appreciate yet those investments promising high potential yields but the risk is borne solely by the investor…but I find the yield projected in my insurance policy’s living benefits acceptable and within my risk tolerance.”
- Contingency for financial risks— “I like the stock market (and I enjoy the casino, too). But I need a back up, just in case, you know– worst scenario. So I invested also in life insurance, and it gives me peace of mind.”
- Gift of Love— “I bought life insurance to show my parents I appreciate very much what they went through just to see me through medical school, and for them to somehow recover their investment in me, enjoying it at their old age.”
- Clean-up fund/Final expenses— “I wouldn’t want my family to worry about any debts or expenses I may leave behind, including hospital and funeral expenses…so I bought life insurance.”
- Mortgage redemption— “I wouldn’t want the bank to take away the car and the house from my family when I die without completing payments…so I bought life insurance.”
- Accident & health coverage— “I bought life insurance because I want to be sure there’s cash when I become hospitalized due to illness, or when I suffer the consequences of an accident, especially since my job entails much risk.”
- Critical illness/Cancer coverage— “My parents’ savings were wiped out when they both had cancer in their 50’s. I want to be more prepared…so I bought a life insurance policy that would pay me if I am diagnosed with specific illnesses, for hospitalization and surgical expenses, etc., and give me a refund of my premiums, whether or not I availed of those benefits.
- Security for partners & stockholders— “If my business partner dies, I wouldn’t want to work with his widow. And I want to be sure also that my family gets an equitable share in case I die first. A buy-sell agreement arranged with life insurance solved this concern.”
- Business continuation plan— “I want my business to continue even after I die. I know that it may suffer some financial losses under new or inexperienced management, especially when my eldest son is still in college preparing himself for the business. So I had a life insurance plan arranged for this purpose.”
- Key person insurance— “My business depends heavily on the expertise of my key man so I bought him a key man policy.”
- For dignity and to meet expectations— “I imagined that at my wake, relatives and friends would be asking my widow how much insurance I have, knowing that I always talked about financial planning. To make sure she could reply with dignity and confidence, I bought a sizeable insurance policy.”
Taken from email sent by Angelina Vilvar
The real estate industry is booming and interest rates for housing loans are at their all time low. A comprehensive property fair showcasing the country’s best developers, designers and other industry player is happening on March 24 to 25 at the Megatrade Hall 2 of SM Megamall.
Apart from the exhibit, a seminar series is provided. The schedule are as follows:
Day 1:
12:30-2:30 pm — Everything you need to know about land ownership by the Land Registration Authority
6:00-8:00pm — Real Estate Trends and Updates. This series discusses the opportunities and techniques in real estate investing.
Day 2
1:30pm– Modern Trends in Outdoor Living
2:15pm–Making the Most of Small Spaces
3:00pm–Practicing Good Feng Shui at Home
4:00pm–Housing Loan Programs by Pag-ibig and SSS
5:30pm–Bank Offerings
Way back in the early 90’s, the people car concept was introduced to provide affordable vehicles to Filipinos. What we got were the Kia Pride, Honda Civic Hatchback and Daihatsu (forgot which model).
Recently, we have the Kia Picanto and Hyundai Getz. Both cars are priced in the range of Php 450,000. Now comes Suzuki Alto whose standard model is priced at Php 359,000 and the Deluxe model at Php 398,000. The Deluxe model provides power sterring, power front windows and power door locks.
The Suzuki Alto promises Japanese technology. Since its launch in 1979, the Suzuki Alto has sold more than 7.5 million vehicles around the world. It comes with a 3 year or 100,000 km warranty for peace of mind.
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