Here are five ways on how life insurance can help you build multi-generational wealth for your family. 

1. Life insurance proceeds are usually tax-free.

A typical scenario for insurance recipients is that the money from a life insurance policy is generally not counted in calculating your gross income. The inheritance of these funds in a tax-free manner could help your family to establish generational wealth.

2. Life insurance as a tool for paying estate taxes

Most families would use life insurance to help cover living expenses in the event of an untimely death, such as mortgage payments and medical costs. For many affluent families, life insurance can offer another benefit by paying estate taxes.

The death benefit is paid out upon the insured’s passing, and the policy’s value is added to the gross estate value for tax purposes. Plus, death benefit payments can be used to cover any estate taxes that may be incurred.

3. Life insurance can ensure your children’s education.

Having a life insurance policy is the key to building a financial backup, especially if you have young children and the unfortunate happens. Life insurance can help in your children’s education as it accumulates cash value over time. And you can tap that money in the future for whatever you want, such as to help with their education expenses. 

4. Life insurance as a lifesaver in case of emergency. 

In life, emergencies are inevitable from sudden hospitalization, and business challenges. You can take out a loan against your permanent policy which is usually lower than what’s charged by other lenders. And access is much easier than getting a traditional loan since the money is already there in your policy acting as collateral.

5. Life insurance is a tool to accelerate death benefits to provide for you and your family before you pass.

If you have terminal illnesses and your life insurance policy has an accelerated death benefit, you could access the money in the policy while you’re living for things like medical bills, cost of care, or even to take a dream vacation with your family. Any remaining death benefit would still go to your chosen beneficiaries after you die.

Having life insurance for your family is the best way to help build generational wealth and put your loved ones ahead and provides them with a secured future in the long run.

Manila Bankers Life is with you in helping you build generational wealth with its different life insurance plans that would suit your needs.

For more information, you can visit Manila Bankers Life‘s website: https://manilabankerslife.com/products.html

Let them help you for your plans for the future as you continue to show your love to your family!

1. You will never know what the future holds

One thing is certain in life, life is unpredictable. While various types of insurance can protect and compensate for damage to your valuables and home, no price can be put on someone’s life. Still, death is one of life’s certainties. And, life insurance is one tool for having a financial plan in place when the unthinkable comes.

2. Secure your future even at a young age

Having life insurance at a young age is a great advantage because it is cheaper in annual premiums the younger and in good health, you are when you buy your policy. It is often a smart financial move, providing a safety net for your loved ones and beneficiaries (like your family and trusted friends) if you die prematurely, and may even accumulate cash value.

3. Life Insurance can give you peace of mind

Having life insurance can give peace of mind that their loved ones will be taken care of. Life insurance could ease financial hardships for families in case something happened to the policyholder.  The loss of a primary earner or caregiver could destabilize many families with the combination of added costs and less money coming in. Even a modest life insurance policy could help fill the income gap during such difficult times.

As we looked at what we learned about Life Insurance, it would be a great time to have one to help you secure your future and have the confidence to live worry-free. Manila Bankers Life helps you plan and secure your future while you are still young and eager to make the most out of your life. Manila Bankers Life is a shoulder to lean on, especially during hard times with plans that would suit your needs.

MBLIFE is consistent with its commitment to its tagline “The Best Way to Show Your Love” by providing innovative products in its portfolio that are tailor-made to cater different needs of its clients. 

If you are considering having life insurance, or better yet, switching from your previous insurance provider, here are the 5 things that you need to know about Manila Bankers Life Insurance.

1. Creates a good connection with clients

MBLIFE is consistent in creating a good connection with its clients with tailor-made products that addressed their every need. What’s more, Manila Bankers Life can be easily found in malls where most people go almost every day to make MBLIFE more physically accessible to more people.

2. Licensed Underwriters

With over 1,000 licensed underwriters, Manila Bankers Life assures quality services are provided by their trusted, competent, and well-trained underwriters to ensure that your policies are issued.

3. #15 in the Top Life Insurance Companies in the country

From rank #26 in 2017, Manila Bankers Life now ranks at #15 in terms of net income from the year 2021, outperforming other 16 life insurance companies, including foreign ones. This ranking shows how passionate they are in their work to help bring Filipinos a stable and protected financial future.

4. First Insurance Company to use e-commerce

Since 2018, Manila Bankers Life is the first insurance company that is first to use e-commerce to sell and present life insurance by the Insurance Commission. 

5. Technology

MBLIFE sees technology as their ally as they implement paperless and advanced technology in their innovative products. What’s more, they are committed to innovation to bring financial security closer to their clients with the Online Policy Management System that helped streamline their services anytime, anywhere.

Living a longer life essentially boils down to taking care of your body and living a healthy lifestyle. But it can really help if there are some tips that you can follow that  can lead you to this. Luckily for you we have compiled 5 essential Keys to live a longer positive life

1. Follow a Balanced Diet

By nature, the human body needs the right amount of nutrients to be able to function properly. You can get these nutrients from different fruits and vegetables, whole grain foods, nuts, and lean proteins. Following a strict diet also means avoiding junk foods as they contain little to no nutritional value. According to Medical News Today, a healthy and balanced diet must contain foods from the 5 food groups which are:

• Fruits
• Vegetables
• Protein
• Dairy
• Grains

Keeping your body in a healthy state can help in your life’s longevity.

2. Stay Physically Active

Every part of the human body is meticulously designed to have their own purpose. Let’s not put this to waste by not doing anything and spending the majority of our days lying around scrolling through our smartphones. Being physically active has a lot of benefits. It’s been proven to help reduce risks of various illnesses and diseases like heart disease, stroke and some cancers. Being physically active doesn’t automatically mean rigorous training and workout, it can be light workouts or exercises. It can also be in the form of simply doing everyday tasks like walking and doing chores.

3. Don’t smoke

According to an article by statista.com in 2020, around 19 percent of adults around the world smoke tobacco. Smoking is the cause of so many diseases. It is very harmful to the body in almost every organ. Smoking leads to cancer, heart disease, tuberculosis, diabetes, and bronchitis, just to name a few.

4. Be Happy

This is where living a positive life comes into place. It has been scientifically proven that happy people live longer. The feeling of happiness can increase your longevity in life. According to a study posted on pubmed.com, Those who felt happiest at 22 years of age were 2.5 times more likely to still be alive six decades later and that a review of 35 studies showed that happy people may live up to 18% longer than their less happy counterparts.

5. Invest in Life Insurance 

Last but not the least, a major key in living a positive and long life is investing for life insurance. Life insurance is a tool that can act as an income replacement in case something bad happens to you. It can help you live a positive life by granting you mental peace. It takes all your worries away and let’s you go on with your life. If you want a reputable and reliable life insurance provider that caters to your specific needs, check out Manila Bankers Life Corporation. It’s a decision that you will never regret.

That’s about it for our keys to living a long and positive life. Make sure to always take care of your body!

Life insurance is a need that people are aware of, but sadly only a few people have it. It would be easy to dismiss the need for life insurance while we are young and free from sickness. However, it is said that life is like a wheel. Sometimes you are up and other times you are down.

In those moments when you will be at the bottom of the wheel, you never know what may happen. This is why you need to have a life insurance policy. No matter what happens, you will be safe from any financial emergencies that life can throw your way.

• To cover burial expenses

Any life insurance policy will cover the death benefit and final expenses for the policyholder. They will take care of the venue of the wake of the policyholder, which would include most of what is needed for a decent funeral. It would be a very big convenience to have life insurance to take care of these arrangements because it would be difficult for the grieving family to handle them.

• To replace any lost income

Money is always a need, especially for a growing family. This need does not suddenly go away with the passing of a loved one. What if the policyholder was the sole breadwinner for the family? The family that they left behind would need to live on. Having a life insurance policy would make sure that it is possible because the cash benefit the family will receive from the insurance plan would make up for the lost income.

• To build cash value

If you choose a life insurance plan that would include an investment side to it, then it would be possible for you to build savings with your life insurance plan. In this day and age, there are so many temptations. Shopping has become so easy because we can do it online. This is why it is difficult to save money, but then life insurance will take away that problem because if you invest in a policy with an investment side, you will be prompted to save with your policy.

• To have peace of mind

One major element that life insurance will grant a person and their family would be the peace of mind. Having a life insurance policy would give you the reassurance that your family will be taken care of even after you pass away. You will be sure that your family will not go into financial hardship if you suddenly died. That is only for the death benefit. 

If you get a policy that includes a cash value, you will be able to borrow against that savings should you ever need the money. That is your money, after all. So you can take out some of the money you have saved, in case there would be an emergency. These are only examples of how life insurance can give you peace of mind.

• To ensure that your children can go to college

If you have children, you can choose to get an education rider for them. This would mean that part of the premiums that you pay would go toward saving for a college fund for them. 

Having life insurance is a way to make sure that you have a way to secure the future of your family. In many ways, a life insurance policy would grant peace of mind to people who choose to invest. At the end of the day, that is what everybody is looking for, to live a life free of worry and financial strain. Take out a life insurance policy today, and you will be one step closer to achieving that.

It is not uncommon to be interested in getting life insurance but then not know how to get started. This is why we have crafted this all-in-one guide for you, to help you get started on your life insurance policy.

What is life insurance?

Before anything else, we need to answer this question. Like insurance is more than just a simple cash benefit that a spouse will get after their significant other has passed away. Life insurance has come a long way from being just a death benefit. Life insurance can be a savings account, an investment, an emergency plan and so much more. 

What are your needs and goals?

The first step in getting life insurance would be to identify your goals, both short term and long term, for yourself and your family. Once you identify these goals, it will become much easier for you to decide what your life insurance policy is going to look like. 

Estimate how much those needs and goals will cost you.

The next step would be to make a budget that would show the total of all the goals you have identified. Estimating how much you would need would help you decide how much you should be getting for your life insurance plan. 

Talk to a trusted insurance adviser.

The next step would be to choose an insurance provider and talk to one of their insurance agents. There are many insurance companies that you can choose from these days, but then they would all offer similar packages, just with different names. Always make sure that you would be talking to an adviser who is affiliated with an insurance company.

It would be a good idea to talk about the details of your life insurance policy in the office of the insurance company, just to make sure that you are dealing with someone who is legitimately doing business for the company. In this day and age, you cannot just trust the word of people you meet, you will be paying for this policy, so you have to make sure you are dealing with an official member of the company.

Make your first payment on your policy.

Once you would be settled with the particulars in your policy, you will now be ready to start making payments. Your adviser will inform you how you can make the first payment, usually, it will be done over-the-counter at an affiliated bank, but then companies have different ways of accepting the first payment. 

Continue to make payments on your policy.

You can choose whether you will pay monthly, quarterly, semi-annually or annually. You will decide this at the beginning with your adviser. You can make payments at the bank or online, whichever you would prefer.

At this point, you will be ready for anything that life throws at you. Your life insurance policy can help you overcome financial problems such as emergencies and any unexpected expenses you might incur. Depending on the type of policy you have, you may be able to borrow against the amount that you have already saved, to pay for any unforeseen emergencies that come your way.

You can use life insurance as your ticket out of a bad situation. As long as you analyze what your needs are, you will be able to plan for your future well and be ready for it because of your life insurance policy. The first step is realizing that it is a need, for you and your family. Once you realize that it would be beneficial for you, follow the steps listed in this article and you will be on your way to a better and more secure future.

In the Philippines, it is not uncommon for people to think of retirement when they reach senior citizen age. This would be at 60 years old. But then is there really a right time to retire? Do you have to retire at 60 years old? Or can you retire before or after that age?

Some people would retire too early and end up outliving all their savings. On the other hand, many others would retire too late and by then, they would be too old to enjoy any of the money they had spent all their lives working for. So is there an age or time that would be just right for retirement?

Are we supposed to base our retirement on age or the amount of money we have in the bank? All these questions might be running in your head, and this article aims to calm your mind by trying to give a logical answer to all these questions.

Is there a right time to retire?
Society will urge people to retire at 60 years old. However, it is alright to retire a little earlier or later, depending on your situation, both financially and physically.

If you are regularly getting sick, feeling tired all the time and just physically unable to do the things you used to, it may be high time to consider retirement. Your financial status would also tell you if you would be able to retire earlier or not. If you already have enough money to spare, even before the age of 60, you can retire earlier. 

How life insurance can help you decide when to retire

Life insurance can be a big factor in providing a good retirement benefit. If you choose to invest early in your life for a retirement plan, you will already have enough money set aside for you to retire. There will be no need to worry about your finances because your life insurance policy would take care of that for you already.

Come your 40’s, your family responsibilities would already begin to be winding down, because all your children would typically be finished with school by this stage in your life, and they would probably be starting families of their own. This would be a good time when you can already start considering retirement. Look at your finances and health and use those to decide if you can still continue working until you are 60 years old.

When you reach your 50’s, you can retire already if you are financially ready. These would be called the “reward years” of your life, so you have to make sure that you have enough money to live a comfortable life even if your income would already stop coming in.

Having a pension plan would be a good investment because you would be able to receive a monthly cash benefit after you retire. If you have also been covered by SSS or GSIS by your work, you would have your pension plan to add to this. These cash benefits would replace the salary you will no longer receive.

You may also have saved enough money and time to be able to invest in the stock market when you choose to retire. No matter what age you choose to do so, as long as you have enough money, you will be able to live comfortably. There is no wrong or right age for retirement, and if you invest early in your life in a life insurance policy that includes a retirement plan, you need not wait for the age of 60 to think about retirement because you will have enough money to retire earlier.

Filipinos are getting more keen to invest in life insurance in 2019. Many people are quickly coming to the realization that life insurance is a need. However, many people do not really know why.

What is life insurance?

The most basic part of any life insurance plan would be the death benefit. This would be the compensation that your family would receive when you die. This component is present in any type of insurance plan. But what more does it have to offer?

Life insurance should be put in place to ensure that the surviving relatives and beneficiaries will be able to continue life free from debt and financial strain even after the policy holder (who is most of the time the sole breadwinner) dies.

Life insurance will allow the family members to grieve in peace, because they will not be worried about where to get the money for a decent funeral and memorial service for their lost family member.

Life insurance will also cover the income that was lost because of the death or sudden disability of the breadwinner. Many people do not account for these costs and if there is no life insurance plan in place, the results of this miscalculation can be grave.

Families could lose their house because they are unable to continue paying for rent or payments for their housing loan. They could put themselves in serious financial risk because they would need to borrow money because the breadwinner would be gone. These are the small reasons why life insurance would be very important for a family.

Tips on getting the most out of your life insurance investment

Check your health. 

The trick to getting a good price for your premiums (these are the incremental payments you pay for your life insurance policy) is to start your investment while you would be healthy. Insurance companies would put a much more expensive price on your premiums if they know that you have an illness.

This is why you would be starting your investment while you are healthy would give you much more value for your money. Bear in mind that once you have started paying for your policy, should you suddenly be diagnosed with an illness later on, your premium price will not go up.

Note: insurance companies sometimes refuse to take in clients who already have a chronic illness at the time of starting the investment.

Get a policy you can afford. 

Some people agree to very high premium prices at the beginning only to find out that they will not be able to continue to make payments later on because they cannot afford it in the long run. 

Note: It is more advisable to sign a policy that you are sure that you can continue paying for, and if you would like to “top up” or add to your premium payments when you have the extra money to spare, you can do so. But it is important that you start with an amount that you can continue paying for 

Pick your riders according to what your needs are.

Many policy riders will be available for you to gain the most out of your life insurance policy. Riders like waiver of premium, accidental disability, and education assurance would be available. Just ask your insurance agent about all the available riders so that your insurance will cover everything you need (and everything your family needs in case you die.)

Note: You can customize your riders, most people just rely on what their financial adviser will tell them. But it would be a good idea to do advance research to see what your family needs, what kind of lifestyle you currently have and make a list of all of these so that you can discuss with your life insurance agent or financial adviser to see what riders would be the most advisable for your family.

They say that in this world, nothing is constant. The only constant thing is change. This is why, with your ever-changing life, there will come a time when you would need life insurance. This will be for your financial security and the security of your family as well.

Top signs you would need life insurance

You are a parent

The main reason why people would need life insurance would be because they are the breadwinner of the family. In the olden days of life insurance, people would only get a life insurance package because they want to be able to provide a cash benefit to their family in case something happens to them.

Nowadays, you can get so many additional benefits with your life insurance policy. You can get a benefit that can go toward paying your child’s tuition fee.

You have had an increase in income

Another reason why people would get life insurance in the Philippines would be because they would use the cash benefit to replace their income in case of their death or disability. If there has been a significant change in your salary, especially if you have taken out a life insurance policy before, check that the cash benefit will be enough to cover the changes in your salary in case anything happens.

You have bought a new home

In 2019, more and more affordable housing schemes are coming out. This means that more families are now able to afford to buy their own homes. The rent-to-own scheme is something very popular nowadays. If you have just started paying for your own house, you need to have a life insurance policy in place to prevent your family from being evicted in case anything were to happen to you.

You have had a change in lifestyle

In connection to the salary, upgrade comes lifestyle changes. You might be spending so much lately, going on vacations and buying new gadgets for your family. Check that you have a life insurance policy that can still cover this kind of lifestyle in case of any emergency.

You can also update your existing policy if you have one. If your insurance company will not allow changes to be made to the policy you already have, it would be possible to buy a supplementary insurance policy to cover the changes.

Your family has a history of chronic illness

If you are aware that your family has a medical history of chronic diseases, while you are young, healthy and able, you need to take out a life insurance policy as soon as you can. Insurance policy premium prices would shoot up the moment you are diagnosed with a disease and would usually come cheaper for healthy people. 

These are the most common reasons why you should get a life insurance policy. We would never know when the next change in our lives would be. It is just best that we are prepared for any emergencies that might happen.

A life insurance policy is the best way to make sure you and your family are financially ready to face any of these problems. Whatever you choose to do, take all the necessary precautions to make sure that the people you love are taken care of.

Since 1967, Manila Bankers Life, or MBLIFE has continued to provide its clients with a range of quality life insurance packages that are meant to protect its clients from financial problems.

But Manila Bankers Life has been around for decades, and it has endured its fair share of controversies throughout the years. Although there has been a misrepresentation issue in the past, MBLIFE has been working hard to prove that it is a company that aims to take care of its clients and provide them with life insurance. It has been striving to prove that it only provides excellent service to people who choose to trust in the company.

A brief history of Manila Bankers Life Insurance Corporation

Let us travel back in time and see how far MBLIFE has come since it started in the 1960s. Amazingly, it was able to make over 57 million pesos in revenue in its first year alone. Then after only 19 years, MBLIFE had grown over 8700 percent and had expanded its expertise into multiple types of real estate projects, making a name for itself.

Since then, Manila Bankers Life has made it its mission to serve the Filipino people. Its motto being “to serve the people is a privilege we must always cherish.” Crediting it to Manila Bankers Life’s founder Senator Gil J. Puyat.

How Manila Bankers Life Insurance Corporation has grown over the years

MBLIFE started during a time when people appreciated the importance of life insurance. This is why they were able to accumulate many clients in their first year of business. 

In the year 2013, there was a controversy that surfaced saying that certain agents of MBLIFE were using deceptive tactics to encourage people to invest in the company’s life insurance.

This is what many of their dissatisfied clients had expressed. Although MBLIFE had no idea of what their agents were doing. The agents acted on their own, not under the instruction of MBLIFE.

In the years following the controversy, MBLIFE has been working hard to prove that they are sincere about serving their clients. They want nothing but to provide good quality life insurance to their clients.

They are not trying to hide or deny what happened, they are doing the opposite. They are stepping up and taking responsibility, and trying to improve their services to make their products and services better for their clients.

Why you should trust Manila Bankers Life Insurance Corporation

MBLIFE has been around for decades and has many satisfied clients. They are a legitimate company that is registered under the Philippine Insurance Commission. A company that did not meet the guidelines and requirements would not be allowed to register. 

MBLIFE is working hard to make sure that all its clients are happy. They maintain a healthy relationship with clients by offering products to meet every need that their clients have.

The insurance company would make money through investing the premiums of their clients, just as any insurance company would. Also, they are making a stand against what had happened in the past. They are against the illegal methods used to make money, and they have no intention of doing that to their clients.

MBLIFE has evolved through the years and continues to adapt to what their clients need. They are continuing to rise against the controversy. This is why they are one of the best and continue to be one of the most trusted life insurance providers in the country today.