Life insurance company: FWD Philippines
Life insurance product bought: FWD Set For Health
Reason for buying it: I was opening an account in the company’s affiliate bank when I realized that my current P1M critical illness plan (from a different company) wouldn’t be enough for me should something unfortunate happen. Since I was already processing my application anyway, I decided to get the complimentary plan for it. I already had life insurance that ensured money for my beneficiary, so I signed up for another P1M coverage worth with FWD because I wanted peace of mind. I didn’t want to keep checking my bank account only in case something should happen. I’ll let my insurance policy worry about that, and use my liquid assets for daily needs instead.
Life insurance serves to protect your hard-earned income and is the third phase in the wealth generation cycle. Find out more about the role it plays in managing your money here.
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