How To Buy Life Insurance In The Philippines
                     HOW TO BUY LIFE 
INSURANCE IN THE 
PHILIPPINES
How To Buy Life Insurance In The Philippines
◦It  can be easy to buy life insurance in the Philippines if you know the right 
steps to take. Before you settle for any plan, you need to do a life insurance 
comparison Philippines in order to determine the cover that best suits your 
needs. Not only does life insurance protect the loved ones that you will leave 
behind, but it can be a useful tool well before then. While there a lot of things 
to consider when purchasing life insurance, the following are some of the 
important things you should consider.
How To Buy Life Insurance In The Philippines
◦First of all, you need to decide how long you need coverage. Life insurance is 
designed to either last a certain period of time (referred to as term life) or a 
lifetime (including whole life and universal life). If you only need insurance 
for a specific period of time (for instance when your kids are growing up or for 
the length of your mortgage), the right option will be term life insurance. 
However, if you need life insurance for as long as you live (for things such as 
burial expenses or income replacement for a spouse), you are better off with 
permanent coverage.
How To Buy Life Insurance In The Philippines
◦As you do the life insurance comparison Philippines, remember to calculate how much 
life insurance you need. A good way to figure out the costs you will leave behind is 
through the “DIME” method. DIME stands for debt, income replacement, mortality and 
education. Debt in this case refers to mortgage, private student loans, credit cards, car 
loans, and so on. As for income replacement, you need to consider the life expectancy of 
your spouse, dependents or anyone who depends on your income. Do you want to 
replace your income for the rest of their lives? Mortality pertains to burial wishes and 
costs while education looks at whether you want to fund education expenses for your 
dependents. It also pertains to childcare. If you have children in daycare, you may want 
your policy to pay for their remaining years in daycare.
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/