31.7 C
Manila
Tuesday, October 26, 2021

The Best Time to Get Insurance is Now

Starting early is key for young professionals who want to secure their future and financially protect their families through life insurance

Must Read

Review: realme Band 2

The realme Band 2 is a budget-friendly smartwatch that features multiple health and fitness features for a healthier lifestyle....

Level Up Your Home Office Setup with Logitech C922 Pro HD Webcam and Logitech H370

The pandemic has dramatically changed our lives and relationships over the past year. While the physical world is on...

Keep track of your health with the HUAWEI Ecosystem

With all the challenges we are facing, staying active not only keeps our body physically healthy but also helps...

Enjoy an Immersive Listening Experience with HUAWEI FreeBuds 4’s High-Resolution Audio Quality

Huawei’s new open-fit Active Noise Cancellation 2.0 earphones, HUAWEI FreeBuds 4, have been praised by many Filipino users for...

Review: HUAWEI Watch 3

The HUAWEI Watch 3 is one of the latest wearable launched by HUAWEI, alongside the HUAWEI FreeBuds 4 and...

For those starting their careers, earning income for the first time is both exciting and challenging―exciting because you can now afford to buy things you want and even provide for your loved ones, yet challenging because you now have greater financial responsibilities.

While “adulting” and learning to deal with the challenges of the real world keep you on your toes all the time, the pandemic has further complicated the daily grind, showing how quickly things can change and potentially take a turn for the worse.

With these uncertainties impacting not only people’s health but also their finances and growth opportunities, Manulife’s recent study found that many Filipinos are becoming more interested in life insurance, realizing its value and benefits.

Life insurance does help secure people’s future and that of their loved ones, because long-term security gives you peace of mind. It is an effective tool in managing the financial impact of life’s uncertainties. It can also serve as a vehicle to accelerate your ability to reach your goals.

With financial protection and security covered, you can focus on living your best life at present, in progressing your career and achieving your goals.

For first-time professionals, here are some things to consider when buying your starter insurance product:

  1. Affordable and renewable. Term insurance is a type of life insurance that provides coverage for a certain period of time or “term.” It protects people during the specified period so that in the event of death, a benefit will be paid. It is usually less expensive than other kinds of life insurance, as this product offers shorter protection coverage and is renewable, like Manulife Philippines’ one-year term product. Payments can be as low as Php 10,000 to Php 12,000 per year, or Php 28 per day.* At Php 10,000 premium, a 21-year-old male can enjoy life insurance coverage worth almost Php 3.5 million.* If longer coverage is required, Manulife’s React5 provides protection for five years, which can cost as low as Php 8,000 per year or Php 22 per day.* Both plans may also be enhanced with Accidental Death Benefit or Early Critical Illness riders for stronger protection for the unexpected.
  2. Essential life protection. All life insurance products may have basic protection coverage, but choosing an affordable and flexible solution while also giving you the opportunity to grow your money can be challenging. Manulife’s Horizons plan, which is a variable unit-linked (VUL) product, aims to protect you and your family as the need arises, and also provides you with investment opportunities. It can also give you more control of your funds to suit your needs, including flexibility in premium payments.
  3. Maximize earnings potential for long-term investments. For those who seek more significant potential returns and long-term growth, various VUL life insurance products can provide long-term protection and investment in one plan. Manulife Affluence Builder offers to enable customers to get the life protection you need without compromising your budget. It also allows you to invest in Manulife’s expertly managed funds with exposure to different markets, depending on your budget and investment risk appetite. You can enjoy the protection you deserve, and be able to grow your money this early. 

Many young professionals ask, “When is the best time to get insurance?” The answer is now. Life insurance is generally more affordable when you are younger, because time is on your side. When you start early, there can be more time for you to potentially grow your investment. With a Manulife plan, you can enjoy the present knowing you are financially secured, and live every day better.

To know more about Manulife’s insurance plans and find which one best suits your needs and budget, visit www.manulife.com.ph where you can learn how to get connected with a licensed financial advisor to best discuss product inclusions and policy provisions that may apply.

SourceManulife

Latest News

Shoppertainment Live opens seven ‘Livestyle’ Studios to empower more brands become activations future-ready in the next normal

With the live commerce market rapidly growing and thriving amidst the new normal, the country’s first and leading livestream...

Spice Up Your Holiday Season with This Legendary Gift Set

The holidays are just right around the corner and the pressure is on to hunt for the perfect gift for the #LegendaryMen! But what...

Amazon Global Selling held inaugural 2021 Amazon Expo-Seller Boot Camp

Amazon Global Selling held its inaugural 2021 Amazon Expo - Seller Boot Camp to further introduce MSMEs to cross-border e-commerce and how Amazon global...

Sold out in just 6 minutes! realme Pad achieves excellent launch sales on Shopee

2021 is proving to be an exceptional year for realme Philippines as it has continuously solidified its position in the tech industry across different...

SHARP launches AQUOS THE SCENES 8K series to enrich family quality time

SHARP today announced the Philippine launch of its new flagship Audio Visual products, AQUOS THE SCENES 8K, providing new dimensions of immersive experience in...

Airbnb encourages Pinoys to #TravelAsJuan, as travel searches surge for beachside and nature destinations near Metro Manila

Airbnb today launched its new #TravelAsJuan campaign that aims to energize the Philippines’s tourism recovery throughout the remainer of 2021 and beyond. As part...

Climate Change Commission and Nestlé PH partner to discover sustainability-focused solutions for the planet, from the youth

Around the world, the impacts of climate change are already being felt across all sectors. It is evident in the occurrence of more frequent...

More Articles Like This