Here’s what you need to know about life insurance in the Philippines

Do you want to improve your financial life this coming 2021? Great! A lot of people struggle so much and are so oblivious when it comes to financing. We’ll guide you on how to handle and secure your money correctly!

Many people don’t have the word “insurance” in their vocabulary and find it boring. But as you get older, you’ll start to appreciate the beauty of life insurance more and more. 

So what is life insurance?

Life insurance is a contract between the client and the company. The client will pay the life insurance company a monthly fee in return for a more significant amount of money when the client dies or a critical event occurs as agreed in the contract. To summarize, it’s basically a financial security for you and your family, especially if you’re the breadwinner. 

These days, the popular type of life insurance is called VUL or variable life insurance. It has an insurance + investment component. The insurance part is your protection, while the investment can serve as your savings or retirement fund. Keep in mind though that when investing, the projection must always be long-term. The investment benefits are usually felt in a couple of years, so be prepared to invest in, long term.

When do you start investing in life insurance?

The best time to start investing in life insurance is at a young age or as early as possible. The earlier you start, the more time you have to build your wealth and savings, and hence you become more financially secure in the long run. You don’t need to force yourself to get life insurance once you get a job for the first time. You can do so in your late 20s or you can get one when you already have a stable income.

Keep in mind that some life insurance companies charge higher monthly fees to those of older age. The older you are, the shorter the time you have to live and pay your insurance company. But if you start younger, you’re more likely to have a more reasonably bargained insurance contract. Your youth is your advantage in investing in life insurance. 

What to look for when choosing your insurance provider

The first and most crucial step is finding out if your provider is approved by the Insurance Commission in your country and if it has a good reputation and reviews. Do your research, ask your family and friends about their experiences with their life insurance providers. Look for a provider that has a fast, easy, and convenient system to use. So being able to communicate easily with an insurance agent is necessary. 

The second step is to look at the financial strength/status of your desired insurance company you want to invest in. As for me, I am with PruLife UK, and it has a solid track record in the Philippines, so you need not worry. In fact PruLife is the number 1 insurance company in the Philippines in 2020. 

Which life insurance do you need to invest in?

There are three types of life insurance: Term life insurance, whole life insurance, and endowment.

Term life insurance is limited to a fixed number of years. It’s usually the most affordable among the three, and it’s the most basic type of life insurance. However, you won’t get any added benefits or investment returns with this type of life insurance.

Whole life insurance provides coverage for the insured and covers the investor until they pass away. There’s no limit for this type of insurance, and you will receive cash benefits and dividends. It may be more expensive than life term insurance, but that means the investments are better! This is best for investors who intend to secure their children’s future.

Endowment has both the features of term life and whole life. It has a term limit but will provide death benefits when you die after the term limit. This can be used for retirement plans, college funds, future hospital bills, and many more. 

Do you want to talk to a financial advisor? I give free financial planning and consultation online. It’s safe and secured, so you need not worry. You can also email at or text at 09171642324. See you!

Why You Shouldn’t Hide Money, Purchases from Your Significant Other

This post was initially published here.

You may have already heard family or friends saying “Huwag sasabihin kay misis/mister” when it comes to buying expensive items or indulging in hobbies. While this is often said in jest (since many couples actually discuss money honestly), there are people who keep purchases—and in extension, finances—from their partners. It is a habit that hurts relationships, as it shakes the foundations of trust.

This is called “financial infidelity.” Medium journalist Kristin Wong writes, “Keeping financial secrets is an abuse of the trust the relationship is built on,” and it’s true—if you can’t trust your partner to level with you when it comes finances, how can you trust him or her with anything else?

Most people who hide purchases and accounts from their significant others often already have deep-seated relationship issues. A Huffington Post article features several reasons, including not trusting one party to handle money, or thinking that the relationship won’t last and they need cash to fall back on, or even not wanting the other to know that they’ve incurred a huge debt for fear that they’ll leave.

“In essence, a healthy relationship generally supports a fully transparent relationship between partners,” clinical psychologist Carla Marie Manly tells Huffington Post. “If a relationship is built on a strong foundation of mutual trust and respect, there is generally no need to ever hide money or finances.”

How to deal with finances as a couple

There’s no clear-cut rule on how to manage finances as a couple, especially if you’re already in a long-term relationship, are living together, or are married. There are those who put in their savings in just one bank account and pull expenses from there, while others go for separate accounts that they can use as they please while having a common one they pitch into for household payables.

It’s really about what works for you, but the most important thing is that you’re both on the same page. If you or your partner feel the need to hide your finances from each other, then that means that you’re not, and that there’s an issue that needs to be addressed. Kristin Wong goes on to write, “Financially speaking, if you’re sharing a life together, you should be sharing money in some way, too—if not in joint accounts, then by being transparent about how much each of you has and working together to tackle expenses.”

When is it okay to hide your finances from your partner?

All of that being said, there’s one extreme case when it’s okay to hide money from your partner, and that’s when in you’re in an abusive relationship. In fact, it’s a must that you hide your resources from abusers, as they tend to manipulate and gaslight you into thinking that you can’t live without them. Having money of your own can help you escape this situation and start anew.

Bottomline: Honesty

Remember that the basis of a good relationship is trust, and as much as possible, money should never be something that should put a chip between the two of you. Open communication is key to finding a system that works for you both; one that doesn’t leave any party feeling as if he or she is getting the short end of the stick. Allow each other financial freedom, because in the end, money is just a tool—it shouldn’t be at the forefront of your companionship.

Enjoying a bowl of ramen and celebrating small wins in the insurance industry

As reposted from Instagram 12/12/2020:

Treating myself to a big bowl of ramen. #latepost 😂

Celebrating small wins because as we all know it has been a tough year. I thought I would be jobless when quarter 2 came.

My friend Patrick Tianzon invited me to be part of their team, and well, due to the economic downturn I knew I have to adapt… real quick! Bills don’t stop from haunting you, do they. #TitaJudith

Fast forward December and I received a good news. 🙏Grateful to know that the hard work done this year paid off. I know a lot of us are struggling in our own ways to cope during a pandemic so I refrained from posting on social media; I did not want to give the wrong impression. 🙏

But later on, I thought this could also be my way of thanking our team, Patrick and our partners (calling them that rather than addressing them as ‘clients’) because it was truly touching to know that everyone’s so giving and supportive… especially because this is like all so new to me! Wah! 😱

Thanking also dear @jnlpangindian for the huge help and motivation when we started our project. Always so understanding and collaborative.

I also have to mention @lrgl.mrfl because she’s the first person who believed in me. @ladygaga said nga diba… it only takes one person… and you know the rest.

I don’t know if I should tag the rest of our partners because I know they also value privacy but I think I have DMed you all na…

Again, thank you all. 🤗 Your genuine support warms my heart just like how this ramen keeps me cozy amidst the holiday breeze 😂🍜