How To Buy Life Insurance In The Philippines
                     HOW TO BUY LIFE 
INSURANCE IN THE 
PHILIPPINES
iChoose.ph
How To Buy Life Insurance In The Philippines
◦You need to consider purchasing life insurance in the Philippines because it 
provides a safety net for those who rely on you for financial support. If you 
were to die while the policy is in force, your beneficiaries would get a tax-free 
payout that could be used however they want. That money could help them 
pay for your final expenses, such as a funeral service and burial, help pay off 
debts, such as a mortgage, help replace your income so your family can pay 
bills and daily expenses, help pay for child care, and also help pay for your 
children’s college education.
How To Buy Life Insurance In The Philippines
◦Before you go ahead to buy life insurance, it is important to do a life insurance 
comparison Philippines to determine which plan is suitable for you. 
Purchasing life insurance could also allow you to leave an inheritance to your 
kids without having to worry about how you spend your own money in 
retirement. It can also be a way to leave a legacy since you can donate your 
life insurance to a charity, cause or organization that is important to you.
How To Buy Life Insurance In The Philippines
◦You can also use life insurance as a retirement and tax-planning tool. If you 
purchase a permanent life insurance policy that typically includes a feature that 
allows it to build cash value, the cash value can grow tax-deferred and be 
accessed as a source of extra income in retirement. But this strategy typically 
makes sense only for high-income earners who have maxed out other 
retirement accounts. You need to consult with a financial planner in order to 
find out whether this strategy makes sense for you, and also determine how 
much life insurance you need. 
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/