Why most Filipinos are afraid of Life Insurance

[geo25]

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hadlok ang mga tawo kay murag marked for death na ka kay naa na ka daan spot sa cemetery. hehehehe

[kennan26]

samot ka hadlok kay daghan na insurance company nga nanirado.

let's define insurance companies; Life Insurance and Pre-need are two different division and both are handle by different agency of government. Life Insurance is handled by Insurance Commission while Pre-Need companies is handled by SEC. Recently, preneed companies were affected by inflation and other foreign factors causing them to declare closure. This didn't happened to Life Insurance companies. However, few American Life Insurance COmpanies that were affected by financial crisis opt to sell their business in the country, local Life Insurance Company assume their policies (e.g. JohnHoncock, Prumerica, etc.). It is more safe to invest in a Life Insurance Company than in a pre-need company,in my opinion.

[Tiki-Tiki]

Culture naman gud nato nga mga filipino ang mag tan-aw lang sa pagka karon. Seldom what we plan for the future of which included dapat ang life insurance. Para sa atoa man gud ang insurance kay dagdag gasto lang makuhaan pa jud ang atong budget para sa usa ka butang mga dili man nato kinahanglanon sa pagka karon.

I admit nga ingon ani ako perception sa una until one day na hospital ko and have to undergo tonsillectomy and didto naku na realize kun unsaon na lang sa uban nga walay kwarta jud pang gasto ug tambal bisan sa simple lang nga sakit.

[SioDenz]

Several people I know before that when I called them to talk about life insurance they just simply ignored me. "Not interested" "no time" or "no money" even they still haven't seen any of my proposal. Maybe they just don't like to talk about death or uncertainties or I don't know. This is the reason why here in the Philippines if a breadwinner dies, orphans suffers. Poor becomes more poorer..

You might have ignored a friend before who wants to share with you life insurance / savings / protection... but I hope you can give them time to explain, I can assure you it's going to be beneficial to you.

People are NOT afraid of Life Insurance - But People are afraid of Life Insurance AGENTS who are SCUM

[kennan26]

People are NOT afraid of Life Insurance - But People are afraid of Life Insurance AGENTS who are SCUM

Good point SioDenz.. so very important not to give full trust to agents.. some man gud isalig tanan sa agents including the collection na pwedi man unta sila na mu pay direct sa bank or any outlets.. or some dali ra ma sway sa sugar coated lines sa agents.. its better to double check everything before we give out money..

[Crinkles11]

ang akong ihulog sa insurance ako nalang ihulog sa banko.

[Zab007]

lisod sosama kanamo nga yanong mamomoo nga nag sweldo lang og minimum wage, unahon ang insurance unsaon nalang ang basic needs? Kong nahinubra lang gyud ang kwarta why not to avail all insurance? Kanindot niana.

[lestat1116]

i dont think daghan hadlok mo kuha og life insurance. if naay EXTRA kwarta why not. filipinos ilang unahan insure ilang self of basic commodities.

[SioDenz]

kuwang man gud tas Dukol. kitang mga Filipino ang atu gi huna huna ang gadgets, ang appliances - wa ta nag huna huna sa ugma. Mao ang Cycle natung mga Filipino is - Trabaho, way savings, ig mamatay ang breadwinner gutman ang nabilin. If makaabot ug katiguwang - way kwarta ug magsalig sa anak. Ang anak sad nga gamay ra sweldo, so di ka save...and so on, and so on...

[edoy]

always practice the 70-30 savings/expenses discipline, and you will know how to secure life and financial management.daghan najud kaayo nag sulti ug mga financial advisers/mentors ani, pero lisod jud ni makab-ot kung dili dibdibon ang pag-disiplina sa kaugalingon.