Get Life Insurance While You Are Healthy


Last Updated on by Raymund Camat

Years ago, a friend of mine once approached me and inquired about purchasing a life insurance policy. I was elated but regretfully told her she is uninsurable. You see, she already has hypertension, kidney problems, and also diagnosed with an enlarged heart. She makes a trip to the hospital at least once a month, and that is not for check-up. She runs the risk of collapsing anytime because she, as her doctor explains, is not getting enough oxygen.

She is a single mother of 4—and only 34.

She certainly has the need for one but her medical condition does not allow her to be insured. It would take tons of underwriting requirements, and in the end her case will most likely be declined.

Her case is an example of how illnesses can creep up silently, and kill us softly. But it is a tad too late for her. She knows there is the reality of dying suddenly and when that happens, she has nothing to leave her kids. She regrets not getting one when she was still healthy, and had no responsibility.

Ten years ago, she had no need for life insurance. Ten years ago, she was healthy and had the means. Ten years ago, that was the best time for her to buy a life insurance policy.

A lot of young people are going through this false sense of immortality. They feel invincible. But times have changed. Lifestyles have deteriorated. More and more young people are contracting the illnesses that should only appear 20 or 30 years later.

Health is just one consideration. Resource is another. Young professionals have the means. Rather than spending everything in things that do not provide value, why not invest in one? There is certainly no harm in starting early. Premiums are lower and accumulation is even higher. Having a high disposable income is a result of little obligations relative to the age and situation. This period may not last long. Some are not even fortunate to be in this condition. It is an advantageous situation to be in. But the luxury may not last forever

Just like any other product, an insurance policy is best bought when there is no pressure on your part. If there is, you might just end up getting a policy in haste but really does not suit you, making you throw away good money.

Buying life insurance is both an emotional and rational decision. You cannot buy based on pure emotions nor can you buy solely on analysis. It has to be a combination of both to get you the best policy you can have for yourself and ultimately, for your family.

– Credit to Kenrick Chua via Facebook

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Raymund F. Camat, CIS, REB, CWP®, CEPP® is a SEC-Certified Investment Solicitor (CIS), Certified Wealth Planner and Certified Estate Planner, Phils. He is also a licensed insurance and mutual fund advisor for Sun Life Financial. He wants to educate the Filipino public on the importance of financial planning, investment planning, wealth planning and estate planning. He offers Personal and Family Wealth Planning to Filipinos from different generations. He has a bachelor's degree from the University of the Philippines. You can reach him at 09179698062 (Globe/TM/ABS-CBN/Viber), 09392787408 (Smart/TalkNText/Sun Cellular), (02) 508-9025 (Landline) or email him at For OFWs, he also conduct online video consultation through Skype, Viber or FB Video Call. ________________________________________ DISCLAIMER: This website reflects only the views and opinions of Raymund F. Camat and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisors/agents and the employees of any life insurance or investment company.
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