Today, you will encounter a lot of insurance companies offering different types of policies. It seems like it is the season of insurance as the industry continues to expand to provide a larger scope for individuals and investors. While there are still people who sees insurance as a need, there are some who doubt the good benefits of its policies. For typical investors who are curious about it, is insurance really a good investing option? Is it something sustainable? Is it good for the long haul? The answer depends on how you perceive it. In this article, I am going to share with you my insights about investing in insurance.
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Cebu — April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
Aside from emergency funds and other liquid assets, insurance is good for family security. Whether you buy a life, fire, travel, property, or health insurance, the end goal is that you have something to rely on when serious life threats come up. Once you invest in insurance, your future emergencies are covered. There won’t be a need to spend a big stash of cash because your insurance is reliable. However, you need to keep in mind that it’s also important to keep emergency funds because both have different purposes.
For new investors who have no idea how to start investing, you can consider buying the investment policy of different insurance companies. Here, you don’t have to think to buy or sell your stocks everytime the market goes down. The insurance companies act as your fund managers since they are the ones choosing where to put your money. They are responsible for the buying and selling considering the goal of the investors to make profit as much as possible. Insurance is a good option especially if you’re focusing on the investment-linked insurance policy.
Another good thing about investment-linked insurance policy is that you can choose how long would you like to pay for the monthly premium. Some insurance policies offer investment types wherein you only need to pay for 5-10 years and right after the time expires, you are free to choose to withdraw your money or continue the investment. Apart from the definite time for paying the premium, this type of policy is not that expensive. You can actually invest for as low as P1,500 per month. Surely a great option for those who have low budget but want to invest.