Dumaguete Info Search


Life Insurance

Discussion in '☋ General Chat ☋' started by bouglez, Sep 13, 2011.

Thread Status:
Not open for further replies.
  1. bouglez

    bouglez DI Member

    Messages:
    51
    Trophy Points:
    128
    Ratings:
    +5 / 0
    Is it worthy to invest your hard earned money in Life Insurance?

    Your ideas and experience please. Thanks.
     
  2. Pedro

    Pedro DI Senior Member Showcase Reviewer Veteran Navy

    Messages:
    847
    Trophy Points:
    179
    Occupation:
    Programmer, Photographer and Web Developer
    Location:
    Florida and Dumaguete
    Ratings:
    +73 / 5
    It may still be worthy but I have had a recent bad experience with a major carrier that I was a long time customer of that has me steering clear for now. I had a whole life contract that I started when I was single in the military so it had all the favorable clauses and was soon to be self perpetuating but I still had some nominal quarterly payments to make. When I hit hard times a few years back I was not able to make a payment. They sent me one notice and the next thing I know they had used my cash buildup to pay the bill and then canceled my policy. This was UoO. I am not too happy with insuance companies right now. I think I would stick with a minimum term life policy if I felt the need to have insurance. It seems to me that the primium policies are not very premium.
     
  3. OP
    OP
    bouglez

    bouglez DI Member

    Messages:
    51
    Trophy Points:
    128
    Ratings:
    +5 / 0
    this makes my second thought on life insurance. they are keen on collecting payment from customers. i doubt if they also pay on time if the customers redeem their investment.
     
  4. Knowdafish

    Knowdafish DI Forum Luminary

    Messages:
    3,038
    Trophy Points:
    173
    Ratings:
    +15 / 2
    Especially in the Philippines!:eek:
     
  5. OP
    OP
    bouglez

    bouglez DI Member

    Messages:
    51
    Trophy Points:
    128
    Ratings:
    +5 / 0
    +10000

    YES you are very correct. many fly by night insurance company here in Pinas.


     
Thread Status:
Not open for further replies.
Loading...