How to Secure a Better Future While You are Young and Employable
For the first time in my life, I learned to truly appreciate the job of a financial advisor as well as that of an insurance underwriter. I have just listened to a lecture about the basics of life insurance, probably I would call it Life Insurance 101. It was a three-day seminar, kind of an orientation to what being an insurance underwriter or a financial advisor is. It was a great discussion for those who are not very familiar about the concept of life insurance and boy, it made me want to learn more about this industry. First of all, somebody who gives sound and knowledgeable advise regarding how one manages his/her finances is called a financial advisor, an insurance underwriter on the other hand assesses whether
a person or a project deserves receiving an insurance. An underwriter minimizes risk by conducting an evaluation of the person or the project applying for insurance coverage. Each company has its own guidelines or regulations on how underwriting should be done. The bottomline should be that the insurance company and the insured will both benefit from the service and the coverage.
In the Philipppines, the number one life insurance provider is Sun Life. It has remained at the top for about 4 years now and aside from being the best in the country, it is also the pioneer insurance provider since it started in the Philippines in 1865. It is older than the Philippine Republic! There are many good products in an insurance company that one can avail, depending on the long-term and short-term benefits that the policy holder wants and needs. There are traditional life insurances, where the money that was paid as premium accumulates a cash value on top of the face value which a policy-holder can claim after maturity or if he decides to terminate his policy. There are also new products that have different characteristics/provisions or benefits to the policy holder.
Insurance is a protection for the policy-holder's family. Upon buying the insurance, the policy holder is already secured and can rest his mind and be at ease, that whatever happens to him, his family can enjoy the same lifestyle they are experiencing once he/she is gone. I have never been anti-insurance. I have always believed in it, however, I think that finding or buying from a legitimate and a credible insurance company is a must in order to avoid losing your investment. That's right. An insurance policy is a kind of investment. The ROIs can be quick or slow but it is a great investment because your money earns without the hassles that go with operating a business like manpower, capital, rent and the like.
In the Philipppines, the number one life insurance provider is Sun Life. It has remained at the top for about 4 years now and aside from being the best in the country, it is also the pioneer insurance provider since it started in the Philippines in 1865. It is older than the Philippine Republic! There are many good products in an insurance company that one can avail, depending on the long-term and short-term benefits that the policy holder wants and needs. There are traditional life insurances, where the money that was paid as premium accumulates a cash value on top of the face value which a policy-holder can claim after maturity or if he decides to terminate his policy. There are also new products that have different characteristics/provisions or benefits to the policy holder.
Insurance is a protection for the policy-holder's family. Upon buying the insurance, the policy holder is already secured and can rest his mind and be at ease, that whatever happens to him, his family can enjoy the same lifestyle they are experiencing once he/she is gone. I have never been anti-insurance. I have always believed in it, however, I think that finding or buying from a legitimate and a credible insurance company is a must in order to avoid losing your investment. That's right. An insurance policy is a kind of investment. The ROIs can be quick or slow but it is a great investment because your money earns without the hassles that go with operating a business like manpower, capital, rent and the like.
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