Monday, March 7, 2011

Basic Insurance Tips

Some people when they hear the word insurance, would quickly think of "EXPENSES". But insurance helps safeguard you and your family's future. Here are some tips in pinking out the right insurance for you.

  • Get a Health Insurance. Prudence dictates this if you don't want to worry in the event of health problems. You also avoid being a burden to your family.
  • Get a Life Insurance. Have enough life insurance to replace at least five years of your salary, or 10 years if you have kids or significant debts.
  • Just Have Enough. If you're single and have no dependents, you don't need life insurance, just health insurance.
  • Think Insurance If You're Buying a Car. A more expensive car mean a high priced insurance. So before you buy that dream car, take this into account.
  • Write a Will. Filipinos don't usually do this but this will protect your family and help minimize quarrels (and even litigation!) among remaining members of the family.

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