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NEWS AND ARTICLES

Undeniable Benefits of Death Insurance in the Philippines

Posted at January 12, 2021 by

Introduction 

 

Everyone will leave this planet at some point in time. We are all going to reach the departure lounge. Will you be ready? Have you given any thoughts about dying? 

 

 

Death is Inevitable 

 

Death is horrifying for some people, but it makes everyone’s view of life as precious and fleeting.

 

Have you ever wondered about the idea of “Immortality?” For starters, “Immortality, in philosophy and religion, is the indefinite extension of the mental, spiritual, or physical existence of individual human beings.”

 

Imagine yourself as someone who doesn’t die – it can be pretty mind-blowing to think through, but there are cons to be acknowledged. Visualize a world where everyone you know begins to grow old and dies on your watch. You’re fine, healthy, and eternally alive. Does that make you happy? Or does that make you uncomfortable, which makes death acceptable? 

 

Death is inevitable, and there is a lot we can learn from it. The fear of death follows from the fear of life, and it’s reasonable to feel that. Yet, a person who lives fully is prepared to die at any time. Not only is death inevitable; death is also necessary for us to appreciate the life we sometimes dismiss. 

 

What Happens After Death

 

There are a lot of theories that undertake what happens after death. Some people say that souls go to heaven if you did right, and hell if you did disturbing things while alive. However, one’s thing’s for sure – “death ends a life, not a relationship,” says Mitch Albom, Tuesdays with Morrie. 

 

“It’s fascinating what people chose to hold onto,” says Laura King, Associate Professor of Modern British History at Leeds University. Although a person’s life is finished on Earth, the relationship he/she has made will always be reminisced by the living. That is the beauty of memories

 

You never got used to it, the idea of someone being gone. Yet, just when you think of death as real, it just hits you all over again. Remember this: “this aspect of reality, this weird, scary aspect of life, can just wreck everything if you don’t figure out at some point that it is what makes life so profound, meaningful, rich, complex, wild,” says Anne Lamott. 

 

 

 

Death Insurance in the Philippines

 

  • Definition 

 

We all die in time. The goal isn’t to live forever; the goal is to create something that will last for eternity. Fortunately, death insurance helps not only Filipinos but people globally with finances issues. 

 

Some people choose to add life plans as their death insurance to protect their families if a mishap ever occurs. Due to this, funeral companies offer package deals that will enable Filipinos to lessen the pressure on the bereaved to ‘get things right’ at a challenging time.

 

 

Benefits of Death Insurance 

 

To Self 

 

Getting a life plan as your death insurance is beneficial as it enables you to ensure that your funeral wishes are established for the last time. Altogether, a prepaid life plan can give you the independence to get on and be grateful for life.

 

o To Families 

 

Death isn’t something we like to think about, but most people wish they had extra cash to pay for the funeral when it emerges. In the past years, life plans are helpful to families as it enables them to deal with with losing a loved one.

 

These days, a modest funeral can cost hundreds of thousands in the Philippines. When there’s no money readily available, families will have to deal with the added stress of paying for every memorial service. 

 

Thankfully, by getting a life plan as part of death insurance, most families will just have to pay for a small amount each month towards the cost of a funeral policy. In that way, no one won’t have to deal with more burden on such personal finances.

 

 

Death Insurance in the Philippines: PROS and CONS 

 

Without a doubt, dying is one of the few events in life that is assured to happen in time. Yet, it is still something you should plan for, for the sake of your calmness and the well-being of those you’ll leave behind.

 

Considering life plans as your death insurance has its pros and cons since then. To have a more apparent distinction, read the following. 

 

PROS

1. Have you given any thoughts as to how you want to be reminisced? When you’re already dead, you won’t have the chance of doing what needs to be done. With that, you should give pre-arranged life plans a chance. Seal your wishes on paper so that your loved ones will know exactly how to remember your life and honor your memory.

 

2. Are your loved ones ready to bury you when you die? To pay all the bills and carry the emotional stress at the same time? If they can’t manage both, consider paying for life plans to make the first 24 hours easier for everyone involved. 

 

3. Allow your family to know exactly what needs to be done. With prepaid life plans, it reduces anxiety for friends and family at an already sensitive time. 

 

4. Most people wish to think about funerals, but they become afraid in an instant. It’s understandable to be afraid, but when you get past it and acknowledge the inevitability, you’d be glad that everything’s settled. Planning means acknowledging that, someday in the future, death will befall, and something must be done.

 

5. A simple funeral plan includes defining one’s choice. Once the details have been defined, the plan is paid for your own benefit. 

 

 

CONS 

 

There aren’t many cons regarding having a life plan in the Philippines, but there are some for you to consider. 

 

1. Advance payment requires trust in the business you contract with. If you picked the wrong one, chances are, your planned funeral would be a disappointment. 

 

2. All funeral negotiated services should be signed in a contract, which is kind of frustrating for some who doesn’t trust easily. Before signing a contract and prepaying for funeral services, read the agreement carefully and entirely understand all inclusions. It’s better to be safe than sorry. 

 

 

How Does Death Insurance Work in the Philippines?

 

 

 

Some Filipinos avail life plans from funeral companies as their personal death insurance. In this way, everyone will have a win-win situation shortly or when the time comes. If you’re wondering how it works, check these out. 

 

 

Accelerated Death Benefit

 

An accelerated death benefit (ADB) is a benefit that can be attached to a life insurance policy that enables the policyholder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness,” says Investopedia.

 

In addition, individuals who choose an accelerated death benefit have less than a year to go on and use the money for other matters. When death happens due to terminal illness, a death insurance works like magic to help those behind with effortlessness. Choosing a policy like this allows the policyholder to pay for their daily living as calmly as possible. 

 

 

Accidental Death Benefit

 

According to Investopedia, an accidental death benefit refers to a payment due to the beneficiary of an accidental death insurance policy. 

 

 

Who Should Buy Death Insurance in the Philippines? 

 

People who want to be secured with their death and on-going life should consider death insurances in the Philippines. Life isn’t organized as you think it is. There will be setbacks and unending surprises. If you’re not arranged, there might have cases where you’d be anxious to turn back time. 

 

If you’re interested, focus on what you want first, before you think about how to do it. Anything is possible as long as you set your mind to it. 

 

 

When Should You Get a Death Insurance in the Philippines?

 

As early as today, get death insurance in the Philippines. Whatever your age is, life is no different than the weather. Not only is it unpredictable, but they also show us a new perspective of the world every day. 

 

As the oldies say, life is random. Whether you’re the smartest person in the world, you’ll be surprised when life tosses you something. One day you’re fine; the next day, you’d probably be crying in the corner – no joke intended. Our lives are basically timed, so you better prepare for better or worse. 

 

Life is unpredictable. The words “always” and “never ever” cannot be uttered by mortals like us,” says Anupama Garg, The Tantric Curse. Live each day with a fresh new start. Do not be held back by what happened yesterday, the day before, or even decades ago. Life is short, so live in the present moment, unlike the rest.

 

 

How to Get a Death Insurance in the Philippines 

 

Getting death insurance in the Philippines can be easy and hard at the same time. To ease your application, consider these tips while you’re at it. 

 

Tips to Follow 

 

  • Get a life plan as your personal death insurance. If you’re not familiar with life plans in the Philippines, consider checking this link right now: <https://www.goldenfuture.com.ph/.

 

You could also read these articles to enhance your familiarity: 

https://www.goldenfuture.com.ph/news-and-articles/life-plan-philippines/.

https://www.goldenfuture.com.ph/news-and-articles/funeral-plan-philippines/.

 

  • Assign point persons as much as possible – people whom you can trust your life with. Getting yourself insured is one of the wisest decisions you can make during your lifetime. You are not only saving your loved ones from the cost; you are also giving them clear conscience. Through the years, the insurance will need a beneficiary, and this can also be the person in charge of delegating the tasks associated with the funeral. This step will ensure the smooth flow of the activities during the funeral service. 

 

  • As early as now, you can set aside the funds for your assumed funeral set-up. After you’re finished with the article, look for a memorial company, or contact a life plan provider. Your action today will save your family from being miserable and stunned. 

 

Tips to Avoid

 

  • How do you feel about your life? Are you living every day with enthusiasm? Do you love what you’re doing? It’s good to have fun and take advantage of our youth as much as we want. However, if you spend too much money on nothing, you’d end up being broke in the long run. If you’re broke, you can’t apply for a death insurance and support your family as possible. 

 

  • Not doing anything is the worst thing to do. If you’ve already been in touch with a funeral home, call them so they can get the process started.

 

Death Insurance Providers in the Philippines </span

 

If you’re looking for life plans as your death insurance in the Philippines, we’ve got you covered. At Golden Future, we have the perfect plan packages for you to choose from. Take a look at these!

 

KAPILYA Life Plan (This plan is for Golden Haven Memorial Chapels and Crematorium Only)

 

The KAPILYA Life Plan covers the following: 

  • Full Mortuary Service
  • 4-Day Chapel Viewing
  • New Metal Casket
  • Retrieval
  • Preservation Of The Body
  • Lightings
  • Hearse

 

KAPILYA Life Plan Price 

P 75,000 – 10% discount on Spot Cash Payment

Monthly – P 1,600

Quarterly – P 4,590

Semi-Annual – P 8, 800

Annual – P 15, 000

 

KAPILYA Plus Life Plan (This plan is for Golden Haven Memorial Chapels and Crematorium Only)

 

The KAPILYA Plus Life Plan covers the following: 

  • Full Mortuary Service
  • 4-Day Chapel Viewing
  • Cremation With Marble Urn
  • 4-Hour Use of Crematory Family Lounge
  • Metal Casket (Ceremonial)
  • Retrieval
  • Preservation Of The Body
  • Lightings

 

KAPILYA Life Plan Price 

P 74,000 – 10% discount on Spot Cash Payment

  • Monthly – P 1,580
  • Quarterly – P 4,530
  • Semi-Annual – P 8,680
  • Annual – P 14,800

 

 

o DESTINY Life Plan 

 

The DESTINY Life Plan covers the following: 

  • Full Mortuary Service
  • 4-Day Chapel Viewing
  • New Metal Casket
  • Retrieval
  • Preservation Of The Body
  • Lightings
  • Hearse

 

DESTINY Life Plan Price 

P 100,000 – 10% discount on Spot Cash Payment

Monthly – P 2,130

Quarterly – P 6,120

Semi-Annual – P 11,730

Annual – P 20,000

 

LEGACY Life Plan 

The LEGACY Life Plan covers the following: 

  • Full Mortuary Service
  • 4-Day Chapel Viewing
  • New Metal Casket
  • Retrieval
  • Preservation Of The Body
  • Lightings
  • Hearse

 

LEGACY Life Plan Price 

P 210,000 – 10% discount on Spot Cash Payment

Monthly – P 4,470

Quarterly – P 12,850

Semi-Annual – P 24,620

Annual – P 42,000

 

KAIBIGAN Life Plan 

 

The KAIBIGAN Life Plan covers the following: 

  • Full Mortuary Service
  • 4-Day Partner Chapel or Home Viewing Service
  • New Metal Casket
  • Retrieval
  • Preservation Of The Body
  • Lightings
  • Hearse

 

KAIBIGAN Life Plan Price 

P 55,000 – 10% discount on Spot Cash Payment

Monthly – P 1,170

Quarterly – P 3,370

Semi-Annual – P 6,450

Annual – P 11,000

 

 

TAHANAN Life Plan (This plan is for Golden Haven Memorial Chapels and Crematorium Only)

 

The TAHANAN Life Plan covers the following: 

  • Full Mortuary Service
  • 7-Day Home Viewing Service
  • New Metal Casket
  • Retrieval
  • Preservation Of The Body
  • Lightings
  • Hearse

 

TAHANAN Life Plan Price

P 55,000 – 10% discount on Spot Cash Payment

Monthly – P 1,170

Quarterly – P 3,370

Semi-Annual – P 6,450

Annual – P 11,000

 

TAHANAN PLUS Life Plan (This plan is for Golden Haven Memorial Chapels and Crematorium Only)

 

The TAHANAN Plus Life Plan covers the following: 

 

  • Full Mortuary Service
  • 7-Day Home Viewing Service
  • Cremation With Marble Urn
  • 4-Hour Use Of Crematory Family Lounge
  • Metal Casket (Ceremonial)
  • Retrieval
  • Preservation Of The Body
  • Lightings
  • Hearse

 

TAHANAN Plus Life Plan Price

P 48,000 – 10% discount on Spot Cash Payment

Monthly – P 1,020

Quarterly – P 2,940

Semi-Annual – P 5,630

Annual – P 9,600

 

 

With these life plans, you’re already settled! Give these ones a go for your future benefit.

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