Life Insurance for Expatriates in The Philippines
There are 3 main reasons why expats take out life insurance in the Philippines:
Expatriates, particularly in the Philippines, have a lot more to lose compared with a domestic employee. With expat packages boasting great benefits such as housing, schooling and transport, the death of the breadwinner could have major consequences on their survivors.
Unexpected death is commonplace the world over, and more often than not, many of these people die prematurely, and with insufficient life insurance cover.
Your death could leave your family financially vulnerable.
Nothing can replace you, but money provided at the right time will ensure that your family will be financially secure without you.
To first get on the path of protecting your family, fill in the form to receive a quotation.
Protection and Prosperity
It’s common for expatriates in the Philippines to take out life insurance cover that also has an investment element to it.
This means you can simultaneously save for the future and protect yourself against an untimely death.
Money can be taken out after a certain period or can be left inside the policy. This is where life insurance becomes life assurance as it assures there will be money passed down to your children at whatever age you pass away.
For countries with an inheritance tax, this type of policy can be very suitable.
Fill in the form to see how much this type of policy will cost you.
Businesses are nothing without their employees. If those key players in a company were to pass away without warning businesses, much like families can be significantly affected which usually results in a loss of income.
Businesses can protect against the loss of income due to a key player with Life Insurance For Businesses also known as Key Man Insurance.
“Expatriates often overlook the need for life insurance as they have bought a policy before they became an expat. More often than not, domestic policies are not designed for expats who are regularly moving country or living in countries deemed ‘dangerous’ by insurance companies and therefore are not covered.”
– Paul Beale, CEO of GMS