Benefits to Look for in a Life Insurance Plan

I grew up with my father working different jobs: lawyer, newspaper editor, radio station manager, elected government official and at one point, an insurance agent. However, my father never really discussed insurance to us, his children.

Years later, a couple of months after finishing university while I was still busy searching for that perfect job :), I was approached by a smart-dressed, middle-aged woman. She proceeded to invite me for lunch which included an insurance presentation. Her goal was not to sell me an insurance plan. The goal was to make an insurance agent out of me.

And so technically, my first job after finishing my Psychology degree was really selling insurance. Although I did not stay long working as an insurance agent, that experience taught me a bit about insurance.

Today, we  can of course read and know more about the different insurance companies and their products through media and through the internet.

According to a Philippine Daily Inquirer article way back in January this year, about 48 million Filipinos are covered by life insurance policies during the 3rd quarter of 2017. The article notes that there has been a rise in the number of Filipinos availing of life insurance citing that in 2010, only 15.4 million Filipino lives were covered by insurance.

Well, I hope they took out life insurance policies that would really be beneficial for them. I hope they took the time to read the fine print of their policies. I hope they took the time to scrutinize and even compare the benefits from different insurance groups. I hope they knew what benefits to look for in a life insurance plan.

Personally, I would like a life insurance plan that has extensive coverage, with benefits that I can really enjoy. I also want it to have benefits which would include my family. And I would appreciate if it has innovative benefits. What I mean by this is it has benefits that even other insurance groups have not thought about yet. And of course, I would like to get an insurance plan from a trusted, reliable name.

While it is expected that life insurance plans would mean financial benefits to the immediate family member of the insured upon death, personally, I would also appreciate receiving benefits while I am still alive 🙂 Here are the top 3 benefits that I would also look for in a life insurance plan:

  1. Health and accident benefits.  I would like to have health and accident benefits to be part of the plan. This means that even while the policyholder is still alive, in the event of disease, accident or disability (temporary or permanent), hospitalization costs incurred by the policy holder will be covered by the life insurance plan.
  2. Waived premiums in case of disability or critical illness. I think it is a terrible thing to suffer disability whether temporary or permanent and to be diagnosed with a critical illness to still be required to pay bills including insurance premiums. Hence, I would go for a life insurance plan that offers waived premiums or payments in the event of a disability or critical illness diagnosis. When we are young and at the prime of life, it is easy to picture that we will always be healthy, mobile, able. But in reality, we can not really  predict what will happen to us in the course of our life. I think it is a good thing to be assured then that should one suffer disability or critical illness, one would not have the added burden of continuing payments for one’s life insurance plan.
  3. Investment component. I think it is a nice option that it is not only your heirs will enjoy or reap the benefits of your life insurance. I appreciate a life insurance plan that allows me to receive coverage while giving me the opportunity to invest my hard earned money at the same time. My premiums could earn interest over time and I can enjoy a portion of my life insurance benefits after a certain amount of time, while I am still very much alive 🙂

My expectations of the kind of insurance I want has led me to know more about YGC Family Protect. I think it is a win-win situation for us and for our families that YGC Corporate Services, Inc. has partnered with the industry-leading insurance providers under the Yuchengco Group of Companies to provide products and
services for our and our family’s financial protection. And I am happy to note that they also provide health protection plans for us and for our families, too, via Malayan Family Protect.

Under Malayan Family Protect, there are various Health Protection Plans to choose from: Hospital Cash Plan, Family Shield, Family Protect Plus, Card For Life, Family Protect Elite and Family Protect Max. Take note how innovative the Card for Life is: it even provides for add-on cash benefits for payment of your annual credit card dues!

Yes, get insured. Make sure you know what benefits to look for in your insurance plan. And do include your family as you get one.

For more information about Ygc family protect and Malayan family protect, take time to check out these sites:

http://www.ygccsi.com/

http://www.ygccsi.com/healthprotection

Finding the Right Pharmacy

We may not say it often but in reality, we have certain expectations of what a pharmacy ought to be and ought to have for us to continue patronizing it.

To me these things would make me say that the pharmacy that you and I are patronizing is the right one:

  1. Its location. The right pharmacy is one that is accessible and convenient. Personally, I find it a good thing when a pharmacy is near the hospital, the doctor’s clinics or even the grocery store. If it is near a grocery store, it is easy to drop by there whenever I am out to buy groceries. The location also needs to have ample parking space  for the convenience of its customers.
  2. It offers affordable and quality medicines/products. There are pharmacies where you are sure the medicines are of good quality but apparently, their prices are higher than those available in others. It is such a good thing when you find a pharmacy which gives you both: quality and affordability. That it accepts discount cards like the janumet discount card is a plus point towards affordability. The range and availability of medicines there, is of course, an important consideration. No one wants to go to a pharmacy where the medicines you need are limited in stock or simply out of stock. 
  3. It is clean, hygienic. We will always associate hospitals, clinics and yes, pharmacies as hygienic and clean places. It is a sad day to find dusty shelves or medicines on display in a pharmacy. I expect my pharmacy to be a clean, hygienic place.
  4. It is open 24 hours. While we wish all pharmacies are open 24 hours, unfortunately it is not always true. If it is located inside the mall, it will open and close shop depending on mall hours. Depending also on what city or country in the world you are, there are pharmacies which will not stay open after 12 midnight. My ideal pharmacy is one which is open 24 hours as they provide an essential service to people. 
  5. It has welcoming, helpful and efficient staff. I do not know about you but I think  all the 4 other things I mentioned above might be forgotten when you find yourself unhappy with the staff or more specifically, the kind of service they offer. I think we all want to be served by staff who are welcoming, helpful, efficient. It is already a difficult thing for you and me or our loved one to be unwell or sick, having cold and inefficient staff is the last thing we need.

What about you? What is the right or ideal pharmacy for you?

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