What Am I Getting?
Know the different types of insurance policy
Life Insurance
It’s a binding contract that pays a lump-sum money to your appointed beneficiary/ies upon death while the policy is active. This policy is designed to protect your loved ones or your business from a financial hardship caused by your death.
Permanent
Offers a lifetime coverage combined with the opportunity to grow your own cash value over time. It also allows you to create and leave a legacy.
Whole Life
Universal Life
Participating Whole Life
Term
Offers a simple and affordable protection within the designated time period to cover temporary needs such as debts or mortgages, or any type of loans.
T10, T20
Pick-A-Term
T40, T50
Critical Illness Insurance
This insurance pays a tax-free financial assistance if you were to be diagnosed with a serious illness covered by the plan (such as cancer, heart attack, or stroke, etc.). It’s a living benefit that is paid to yourself while alive so then you can focus on recovery without having to worry about finances.
Disability Insurance
Another key element of living benefit, a disability insurance provides a monthly income if you’re unable to work due to an illness or accidental injury. It can help you either cover your loan repayments or replace a portion of your earnings so you can continue paying the bills and supporting your lifestyle while you recover (while you can’t return to work).