How long a Term Life Insurance?
• At which country should I get life insurance? • What else to consider when shopping for Term Life Insurance? Read on and feel free to clarify or discuss the Life Insurance Principles below. Mabuhay! 1.) To get or not to get life insurance? Life insurance will give your dependents a fund to help them financially in the event that you die early. This fund is called the “Death Benefit”. Do get if … If you are an OFW working abroad sending money back home to your family, you MUST get life insurance. This is applicable to 95% of OFWs. You don’t want to leave your family financially vulnerable upon your death, right? Get life insurance. Don’t get if … If you are single with nobody to support but yourself, do not buy life insurance. You are better off saving and investing the money. Same goes for married couples who both work but have no kids. Better for couples like this to save and invest their money. If one spouse dies early, the other spouse can rely on him/herself to survive. Last year
