Category Archives: Insurance

My thoughts on life insurance agents

When I was still in Life Insurance Sales (in Agency) what seems to be eons ago , I felt that there was a great need to start evolving our practice. In fact, I have given several talks on the said … Continue reading

  • Share/Bookmark
Posted in Insurance, financial planning | Tagged , , | 6 Comments

Don’t buy life insurance for kids

For those who know me and read my stuff, they would know that I am an advocate of life insurance, among other financial instruments. Life insurance is something Filipinos lack sorely and for those who have some life insurance, chances … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , | 11 Comments

Risk and Property Insurance

Property insurance is a risk-distributing device.  A person puts money called premium to a common fund and distributes his risk to the group.  There is no way for a person to know in advance whether he will receive compensation more … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , , | Leave a comment

The need to protect

In the arena of financial services, the need to protect is not most people’s top priority. Insurance continues to be a service that is misunderstood – we also distrust it, avoid it, delay it and we are generally apathetic towards … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , | 1 Comment

What is Non-Life Insurance, part 2

…con’t. Aside from its primary function, property and casualty insurance also has other functions. It stimulates business enterprise—Insurance has made possible and helps maintain the present-day large-scale commercial and industrial organizations. It enables them to use their capital in the … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , , | 1 Comment

What is non-life insurance? Part 1

MANY of us have some form of property and casualty insurance, or more commonly referred to as nonlife insurance. We probably have motor-car insurance, fire insurance or personal-accident insurance. However, I dare say that so many of us who do … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , | Leave a comment

Estate Planning and Life Insurance, part 3

… conclusion. For some reason, and despite the obvious importance of taxes in the daily operation of the state, it has exempted life-insurance proceeds from the ambit of tax laws, save for some exceptions, of course. Our Tax Code recognizes … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , , | 3 Comments

Estate Planning and Life Insurance, part 2

…con’t. Christianity has modernized our mystic concept and infused it into our laws. “Birth determines [legal] personality. Death extinguishes it.” You, as the owner of the estate, may be about to leave this mundane world, but your legacy may be … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , , | 3 Comments

Estate Planning and Life Insurance, part 1

Many Filipinos are unaware of estate planning. Many would have vague ideas of what estate planning is, and to those who do, they would automatically associate estate planning with inheritance taxes. For those who do some form of estate planning, … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , , , , | 4 Comments

Ondoy and insurance

Insurance has been something people felt they do not need. The Philippines is one country that is severely under-insured in both Life and Non-Life (Property & Casualty). Insurance is still the best tool for risk management by virtue of a … Continue reading

  • Share/Bookmark
Posted in Insurance | Tagged , , , | 6 Comments