"Basin pareho na sa CAP, malugi na ug di mo makabayad sa amoa."
There are differences between a life insurance and a pre-need insurance. I, was also a recipient of CAP but sad to say I got nothing out of the hard-earned money of my parents.
Then on, I did not believe in insurance. Until I resigned last year and became a SAHM. I read a lot from the internet and took online courses about financial management. I realized I need to have insurance. I contacted someone and informed him of my intention to be an insurance agent.
However, an opportunity came from Sun Life Grepa and being a Bancassurance Sales Officer sounded really good. I took the 1-month training in Makati and learned a lot about life insurance. I also passed two licensure exams by the Insurance Commission making me a registered and authorized Insurance agent.
It's hitting three birds in one stone for me. I understood Life Insurance, I got employed, and I can help others as well to be educated about it.
Back to Pre-need. Pre-need companies have open-ended plans. Example, for CAP it promises to pay whatever the tuition fee at a future time (ang mahal na kaya ng tuition ngayon, di lang tuition lahat na nagmahal). For burial, it promise to pay whatever the cost of memorial services. On the other hand, Life Insurance provides fixed coverage, plus non-guaranteed dividends. Also, life insurance companies must meet strict rules in investment strategy guidelines set by IC to ensure long-term liquidity and financial condition.
Life insurance is not a waste of money. Do you think it is a waste of money to have your car insured? Or do you even wish to have a car accident so you can use your car insurance?
The good thing about life insurance is you get living benefits, as well. You don't have to die first so you can use the money you invested.
Let's talk about it more. Message me for queries.
There are differences between a life insurance and a pre-need insurance. I, was also a recipient of CAP but sad to say I got nothing out of the hard-earned money of my parents.
Then on, I did not believe in insurance. Until I resigned last year and became a SAHM. I read a lot from the internet and took online courses about financial management. I realized I need to have insurance. I contacted someone and informed him of my intention to be an insurance agent.
However, an opportunity came from Sun Life Grepa and being a Bancassurance Sales Officer sounded really good. I took the 1-month training in Makati and learned a lot about life insurance. I also passed two licensure exams by the Insurance Commission making me a registered and authorized Insurance agent.
It's hitting three birds in one stone for me. I understood Life Insurance, I got employed, and I can help others as well to be educated about it.
Back to Pre-need. Pre-need companies have open-ended plans. Example, for CAP it promises to pay whatever the tuition fee at a future time (ang mahal na kaya ng tuition ngayon, di lang tuition lahat na nagmahal). For burial, it promise to pay whatever the cost of memorial services. On the other hand, Life Insurance provides fixed coverage, plus non-guaranteed dividends. Also, life insurance companies must meet strict rules in investment strategy guidelines set by IC to ensure long-term liquidity and financial condition.
Life insurance is not a waste of money. Do you think it is a waste of money to have your car insured? Or do you even wish to have a car accident so you can use your car insurance?
The good thing about life insurance is you get living benefits, as well. You don't have to die first so you can use the money you invested.
Let's talk about it more. Message me for queries.
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