How To Buy Life Insurance In The Philippines
                     HOW TO BUY LIFE 
INSURANCE IN THE 
PHILIPPINES
How To Buy Life Insurance In The 
Philippines
◦Doing a life insurance comparison Philippines is very important if you are 
planning to purchase life insurance. This assurance certainly is very important 
and necessary if you have loved ones who depend on you financially. Life 
insurance is actually a lot more affordable than most people think. 
How To Buy Life Insurance In The 
Philippines
◦So, what exactly is life insurance? It is a contract between you and an 
insurance company. This contract is referred to as a policy. You agree to pay a 
premium (a single payment upfront or regular payments over time) in order to 
keep the policy active, and in return, the insurance provider will pay a death 
benefit to your beneficiary in case you pass on while the policy is in force.
How To Buy Life Insurance In The 
Philippines
◦It is important to remember that the amount of the death benefit that you will 
get from a life insurance policy depends on how much coverage you choose to 
purchase. The coverage amounts can range from the very small amounts to 
cover funeral expenses to millions of dollars. You are allowed to name more 
than one beneficiary and designate that each one of them gets a certain 
percentage of the payout. You are also allowed to name organizations such as 
charities as beneficiaries.
How To Buy Life Insurance In The 
Philippines
◦When it comes to life insurance, the more coverage you purchase, the higher 
your premium will be. It is also good to remember that your life insurance 
premium will be affected by your gender, your age as well as your health at the 
time you apply for coverage.  If you get coverage while you’re young and 
healthy, you can lock in a lower premium. But if you wait until you have 
serious health problems, you might not be able to get a traditional life 
insurance policy since insurance providers will consider you too much of a risk 
to insure.
How To Buy Life Insurance In The 
Philippines
◦For more tips on how to buy life insurance in the Philippines, visit our website 
at https://ichoose.ph/blogs/about-ichooseph/