When i attended a Financial Literacy Seminar, it dawned on me how important it is to have an insurance.  I know that for most of us, being sold anything especially insurance is probably the least priority…particulary in the Philippines setting where a majority would rather purchase a new gadget that pay for insurance coverage, but we should give insurance salesmen a chance to explain what they’ve got.

Two years ago, my dad suffered from Aplastic Anemia which resulted to his eventual passing after 5 months of battling with it.  It was a very rare and costly disease to deal with…and so it depleted literally all our savings, but we don’t regret it.  After my dad was put to his last office (grave), his insurances like term life insurance gave my mom something to move around with. We also used his insurance plans to lessen his hospital bills.

It seems like insurance is just paper, but mind you, it does help a lot, and the need to have it and the use of it is real. All you have to make sure of, is to get it from a reputable insurer so that when you need it, it’s going to be there.  I am saying this because one of my dad’s insurers went bankrupt and so until now, no claims has been released even if their company continue to operate.  They are still waiting for their real property holding to be sold before they could fund claims again.

It is highly recommended that you seriously consider getting some form of insurance for you family’s peace of mind when the need arise.