financially secured after death
By jazel_juan
@jazel_juan (15747)
Philippines
April 25, 2013 8:10pm CST
i could not help but think about this, when a close family friend died, he made sure his kids won't have problems when he die.
they told us when their dad died, they didn't have problems with the lot, the whole burial thing and they were able to get around 1.6million pesos of insurance money which was equally divided among the kids. i was like wow how i wish we could be as prepared as that.
it even got me thinking, somehow me paying our insurance will definitely be worth it, i had mine 5 years ago, the plan is not that high but it is still something, i got hubby's last year november and his is bigger actually plus a lot of coverage... why? so that that nagging feeling behind my back will be at peace..that somehow if we die, my kids will be financially secure. that somehow they won't have a hard time when we die.
i went to this seminar about insurance a week ago and the speaker said that only around 4% of Filipinos are insured and well i would not wonder about it because i do see a lot of people having trouble when death visits the family..
are you secured now? or do you put this behind you first and think about it later?
4 people like this
8 responses
@mariaperalta (19073)
• Mexico
26 Apr 13
Thats the reason I work day and night here, and are moving to usa. So i can do the same for my son. As Im not married anymore. I have to make sure he will be taken care of after I pass.
1 person likes this
@jazel_juan (15747)
• Philippines
26 Apr 13
yes it is something parents like us do get worried about .
@mariaperalta (19073)
• Mexico
26 Apr 13
I sure do, every single day here. Have a great weekend.
1 person likes this
@kingparker (9673)
• United States
26 Apr 13
I am still single, and I didn't plan that far yet. I got other insurance from my work place, but about life insurance, I didn't have one for my own yet. Probably I would consider putting some money into a life insurance when I get married, and I definitely would plan ahead when I have my children to consider.
@jazel_juan (15747)
• Philippines
26 Apr 13
it is normal i guess for single people not to think of that hahaha i was that way too before i had kids!
2 people like this
@dainy1313 (2370)
• Leon, Mexico
26 Apr 13
Hi
Jazel, yes I´m secured, in the moment you have your tiny babies in your arms, you realize how much they need you.
Blessings Jazel... dainy
Jazel, yes I´m secured, in the moment you have your tiny babies in your arms, you realize how much they need you.
Blessings Jazel... dainy
@thesids (22180)
• Bhubaneswar, India
26 Apr 13
Hi Jazel
Actually, I should be thankful to one of your earlier discussions where in you had mentioned the need and reasons for opting in for insurance. I remember, I had a policy and it had lapsed. Luckily today, I have been able to revive that and today, I am paying the installments (or premiums as they call them).
It is not a big payout one and neither do we have any kids s of now, but, I renewed that policy just because I felt it to be something good that I can do for my wife when I am gone. Thanks to you and your discussion which did motivate me to rethink and start it all over again.
Actually, I should be thankful to one of your earlier discussions where in you had mentioned the need and reasons for opting in for insurance. I remember, I had a policy and it had lapsed. Luckily today, I have been able to revive that and today, I am paying the installments (or premiums as they call them).
It is not a big payout one and neither do we have any kids s of now, but, I renewed that policy just because I felt it to be something good that I can do for my wife when I am gone. Thanks to you and your discussion which did motivate me to rethink and start it all over again.@jazel_juan (15747)
• Philippines
26 Apr 13
It is nice i was able to help in that way my friend, i did remember posting about that now that you have mentioned it.
I honestly do not see its importance before but now i see its need even. Though money can be really tight, i do make sure we do not lapse as well. keep it up my friend. 
1 person likes this
@jenny1015 (13366)
• Philippines
26 Apr 13
I wish I could say that I am but having just a few bucks in a money that barely meets up with the monthly expenses, it is hard to get an insurance and worry how I am going to pay for it. I think that is the reason why there are a lot of Filipinos who has not availed because they do not have enough money to spare for it's annual fee.
@jazel_juan (15747)
• Philippines
26 Apr 13
i really have to agree that the basic needs should really come in first and well a lot of Filipinos cant barely sustain the basic needs nowadays and the premium for such insurances can be pretty high..the lowest i believe is at 20,000..so that is quite big already.
but there are companies we now call, micro-insurance that can be availed by the poor actually, for just 20.00 per week:) in fact in Luzon, one of the biggest micro insurance company is CARD MBA ( you can look it up online) and it is very affordable for me. I am also affiliated with a similar company here in Mindanao. I even asked almost all relatives of mine who could not afford commercial insurance to join microinsurance.
It is a way of educating our co Filipinos about it.
1 person likes this
@jenny1015 (13366)
• Philippines
26 Apr 13
Thanks for sharing that info, sis! I'll search on it later.
I'll search on it later.
@blackrusty (3519)
• Mexico
26 Apr 13
It is never to later to start some thing for your end of time on this earth it does take the burden off our loved once you will just have to decide if you what to be put into earth or have ashes of your body but that is something for you and the family to talk about and what your wishes are wish you the best have a great day
@jazel_juan (15747)
• Philippines
26 Apr 13
Yes it is something i have been thinking really.
1 person likes this
@jazel_juan (15747)
• Philippines
26 Apr 13
Mine has one too but if you really look, money in banks do not actually grow. Here in my country the banks offer very low interest rates and it is deducted by tax at the end of the year and the money does not earn at all.
i would highly recommend you invest a portion of it in equities if you want to take the risk or if you want to be save you can go for fixed income securities or both for balanced life
1 person likes this
@tiffnkeat (1673)
• Singapore
27 Apr 13
What you did is right and is good advice for the rest of us to learn. I will think about it and see how much I can afford to put it in insurance. That is provided I do not have to bend my back too much while I am living.
Thanks.
@cheerfulnuts (604)
• Philippines
26 Apr 13
Hi jazel. I have come across a lot of people, especially older ones, who refuse to get insured or to even talk about their will. They hate talking about deaths because it gives them goosebumps. Fortunately, people are getting more practical nowadays. The problem with getting an insurance though, is that you have to have enough money to cover your basic needs first before getting an insurance. Since a lot of Filipinos are poor, they can't afford to get an insurance.:(
I don't have kids yet, but I completely understand how you feel. Though I'm single, I have senior citizen parents. I want to make sure that if something bad happens to me, they won't have to worry about money. Having a loved one die is already heartbreaking enough. Leaving only debts behind would only add to my family's burden.
I got an insurance last year. The product I purchased is not exactly a life insurance. It's an investment (so my money grows) and when I pass, the money will go to my beneficiaries.
I admire your friend for having planned ahead for his loved ones. I'm sure his family have felt his love even after he's gone.
@jazel_juan (15747)
• Philippines
26 Apr 13
Yes i have been meaning to also get one an investment too in the future, such investments are also secured as they are also protected and the one investing is also secured. It is actually my in-laws who have been teaching us these ways as they are venturing into this.
It is nice that you did get an investment plan for you family, your parents to be exact it is also for future plans.
1 person likes this
