protection Archives - Life in Manila

After weighing our options and preparing our payment, the hubby and I have recently gotten ourselves a term insurance from Sun Life Financial. It’s called Sun LifeAssure. As what’s standard, our annual premiums were based on our age. Mine was P5,160 while the hubby’s was a bit higher at P5,585. This is for a coverage of P500,000 with critical illness benefit. For add-ons, we got accidental death and total disability benefits.

Sun LifeAssure is renewed after five years. This means that the annual premiums to be paid for the five-year period (that we signed up for) are fixed. After that, should we decide to sign up again, our premiums will be higher as they will be based on our age again.

Continue reading “Insured!”

Our 2015 goals include two very important things: life insurance and heath cards. These are non-negotiables. The hubby and I have to get them this year or never. We’re actually very late; we should’ve gotten them a long time ago. But you know, we weren’t as prepared then as we are today.

How come we are invested in various instruments (e.g. stock market, UITF, and RTB) and yet we don’t have life insurance and health cards? I don’t have a very clear answer for this. Perhaps, we procrastinated. Or maybe, we just felt we didn’t need it just yet (I know, how foolish!). Or I guess, I’d justify it by saying we needed enough time to think as to which life insurance and health cards suit our needs.

Continue reading “Weighing Our Options: Life Insurance and Health Cards”