The resulting expenses, such as medical bills and funeral costs, may compel affected families to incur debt, liquidate assets, or seek government aid. Life insurance is a critical safeguard against economic hardship in such circumstances.
Despite the common perception associating life insurance with affluence, it is an indispensable asset for middle-class individuals, particularly those shouldering the primary financial responsibilities within their families. Just as fundamental as food, shelter, and clothing, life insurance should be regarded as essential to ensuring a family's future.
The middle class encompasses diverse individuals striving to improve their circumstances. This demographic comprises urban officeworkers, overseas Filipino workers supporting their families through remittances, and hands-on entrepreneurs striving to establish and nurture their businesses. These individuals embody the roles of providers, visionaries, and familial cornerstones.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gov't urged to lower tobacco excise tax rate
The government should lower the tobacco excise tax rate and strengthen the enforcement of laws against illicit trade to address declining tobacco tax revenue, according to a think tank.
FDI Inflow Hits $1.02 B in October
The net inflow of foreign direct investments (FDI) surged by 50.2 percent to hit an eight-month high of $1.02 billion in October last year from $681 million in the same month in 2023, according to the Bangko Sentral ng Pilipinas (BSP).
PSC to expand youth program
There's a lot on PSC chairman Dicky Bachmann's plate for the new year but the challenge to get things done is a rallying cry for the government agency whose mandate is to provide direction for a national sports development program with emphasis on grassroots development.
HOTSHOTS HOLD ON
It wasn't pretty but Magnolia gladly took this one.
Unsung heroes
Unbeknownst to most of us, the concept of being an overseas Filipino worker does encompass sport, and not just athletes.
Zverev vows to win it all this time
World No. 2 Alexander Zverev insisted Friday he has the mindset to win a first Grand Slam - but admitted Jannik Sinner was red-hot favorite to defend his Australian Open title.
SMFI's new building brings hope anew to school in Zamboanga
The SM Foundation and SM Prime recently turned over a newly built two-story school building to Sta. Barbara Central Elementary School in Zamboanga City, which was heavily ravaged during the Zamboanga siege in 2013.
Lakers game called off; Kerr loses home to wildfires
The NBA has postponed Thursday's scheduled game between the Charlotte Hornets and Los Angeles Lakers due to the devastating wildfires in the Los Angeles area.
Phl bowlers bow out
Filipino bowling ace Grace Gella's magical run in the IBF World Cup in Hong Kong ended yesterday after falling to a big-swinging Singaporean Daphne Tan, 2-0 (202-182, 245-207), in the quarterfinals.
PSA Honors Pinoy World Champions
Two world champions in boxing and billiards lead the major awardees in the San Miguel Corporation-Philippine Sportswriters Association (SMC-PSA) Awards Night on Jan. 27 at the grand ballroom of the Manila Hotel.
