Philam Life Insurance | EfPrime Finance

Is it worth paying for life insurance? EfPrime Finance  Before you decide that it's not worth it to buy life insurance, read this article. It will give you all the information and statistics that you’ll need to make a more informed decision. Life insurance is one of those things that’s either absolutely essential or completely unnecessary. Depending on your situation, one choice may be better than the other— but as a general rule, in most cases, it is worth paying for life insurance. Let us explain why...   1. Life insurance is a safety net.  Sometimes, things go wrong in life. Things that you can’t even consider or predict may happen. And if such events happen, and they will, you want to have some form of financial security ready for yourself and your family— just in case things cannot be fixed by simple luck or chance alone. This is why you should consider insuring your life— so that if something unfortunate does occur then your family won’t be left behind without any h...

Should I Buy Term Insurance? | EfPrime Finance  We all know that insurance is usually a good idea, but what kind should you get? Term Insurance is a policy that pays out your beneficiaries (usually your family) if you die while the policy is still in effect. It does not pay out if you become disabled, and it only pays out for the duration of time specified in the terms of your plan. So should you get Term Insurance? You'll want to compare it with other types of policies to make sure it's right for your situation. In this post we'll go over some things to consider before making any decisions about which type of insurance will work best for your life situation and budget.   Types of Life insurances in the Philippines Term Life insurance A term policy is one that pays the face amount only in the event of death within a stated number of years.  Term insurance is designed for use in situations where a person needs maximum protection at the lowest premium outlay, particularly...

Six Uses of Life Insurance in the Philippines | EfPrime Finance    One. Keyman insurance. It is a type of insurance that provides a firm with financial protection against the loss of earnings due to the death or disability of a key employee. It also secures the services of a person who takes the place of a key person. It increases the probability of success of the business to survive in a long period of time.   Two. Life insurance may also be pledged as collateral. Life insurance policies can also be pledged as a collateral.   Three. Business continuation. A partnership or a closed corporation is a type of business that has certain problems that are important to the surviving owners and employees. Upon the death of a general partner, the business is dissolved. Its surviving partners are responsible for the day-to-day running of the company. A buy-and-sell agreement is an arrangement that enables surviving partners to liquidate their businesses w...

Date Updated: 01 September 2020  Before joining the life insurance industry as Financial Advisor, I thought life insurance is useless. Back then, I believed that people can survive without getting it so why bother buying the same. It is likewise just a waste of money since people do not derive benefit from it. If this is how you perceive life insurance, then you are as ignorant as I was back then.  Fast forward today, I insured all of my immediate family members. I insured my mother, four (4) siblings including myself and their respective partners and their children. However, there is one person in our family that I failed to insure, my father, because he died before I became a Finance Professional.   How my father's death changed the course of our lives?   My father's untimely death happened so swiftly that it devastated our family for many years. It made our future uncertain as four of us siblings were still studying: three siblings were in private c...

Philam Life's Family Secure | EfPrime Financials  Date Updated: 23 Augst 2020 Summary Here are the things that will be discussed:  Pros and Cons  Life Insurance Coverage Comprehensive Accident Coverage  Investment for Retirement  Critical Illness Coverage Health Fund for your Future Health Care needs  Waiver of Premium  Hospitalization Coverage Philam Vitality  Is this policy for me?  How to buy this insurance?  Click here Conclusion  Pros and Cons  Pros Regular Pay (Pay to age 100)  H igh protection coverage   With Upfront Discount of 10%. Discount may increase up to 20% per year   Cheapest VUL of Philam Life   You are insured as long as you have investment balance High income potential if with Top-Up Comes with PhP200.00/week or P10,400.00 per year plus coverage boost You have withdrawable investment in case there comes an emergency  Cons Slow in growth of money if without Top-Up. Top-up is recom...

   Philam Life's Moneyworks - 5 Year pay | EfPrime Financials  Date Updated: 23 August 2020  Summary Here are the things that will be discussed:  Pros and Cons  Life Insurance Coverage Comprehensive Accident Coverage  Investment for Retirement  Critical Illness Coverage Health Fund for your Future Health Care needs  Waiver of Premium  Hospitalization Coverage Philam Vitality  Is this policy for me?  How to buy this insurance?  Click here Conclusion  Pros and Cons  Pros 5 year pay  High earning potential You are insured up to age 100 as long as you have investment balance Maximized the use of your hard-earned income Low cost of insurance  Comes with PhP200.00/week or P10,400.00 per year plus coverage boost You have withdrawable investment that can be your health fund or retirement fund Cons Lower coverages or protection compared to other Philam Life insurances   Shopee Life insurance Coverage...