Comments on: Why is it Hard to Find a Term Insurance in the Philippines?

By: Pwede Padala Gal

Pwede Padala Gal — Sat, 01 Dec 2018 18:46:23 +0000

In reply to SFI. This also annoyed me and made me sad. The high cost of insurance and persistence of agents to sell VUL, discourages Filipinos to protect their family and themselves with insurance.

By: SFI

SFI — Sat, 01 Dec 2018 10:06:02 +0000

This really got me confused when I went around window shopping for insurance. Term insurance was supposed to cost less (at least in other countries) but it wasn’t the case in the PH. And it can get annoying when I face agents that keep shoving VUL…

By: Pwede Padala Gal

Pwede Padala Gal — Tue, 13 Nov 2018 17:04:11 +0000

In reply to MillionaireBefore50. That's what baffled me. It makes me feel lucky to pay affordable insurance abroad with free healthcare in Canada. Well I guest it would be my mission to find term insurance in the Philippines from now on and of course write about it.

By: MillionaireBefore50

MillionaireBefore50 — Fri, 09 Nov 2018 04:09:53 +0000

This is very interesting. I didn’t know that Term Insurance is unreasonably expensive in the Philippines. It’s supposed to be the most affordable form of life insurance. The only one that I’d consider recommending. Other types, e.g., whole life, cash value etc., with investing option are usually just scams. But why on earth would anyone pay 43K in annual premiums just to get a 1M in death benefit? That’s a ratio of only 1:23. In contrast, we pay $250 annually to get $500,000 or 1:2000! That’s probably the reason why they’re hard to find– nobody is buying. Thanks for sharing.