[Video courtesy of BDO Life and Kris Aquino.]
Although I am not affiliated with BDO Life, I really like this video of Kris Aquino talking about life insurance with a lady executive of BDO Life. I believe that this video will inspire others to get a life insurance plan especially young people who have cheaper premiums and who have greater chances of getting approved. I just wish that Kris Aquino can promote life insurance more with more informative videos in the future. I also wonder how much life insurance Kris Aquino has now. Any wild guess?
The video discussed about term insurance, the cheapest form of life insurance. It also discussed limited pay life insurance plans payable in 5, 10 or x years but give us life insurance coverage up to age 88 or 100. It also mentioned about getting a trust account in a bank that will take care life insurance proceeds for minor beneficiaries.
The lady executive said that life insurance is not an expense but a necessity. It is like taking aside money that will help you in the future. She also mentioned that you can have your life insurance premium paid via automatic debit arrangement so paying will be easier and hassle-free.
The most important thing I learned from the video is that our love ones need us when we are alive, but they will need us most when we are gone. We can provide their needs when we are no longer in this world through the proceeds of a life insurance policy. We need life insurance so that our dreams for our family will not die with us.