ipl-logo

Essay About Life Insurance

727 Words3 Pages
bulb-icon

Recommended: Advantages & disadvantages of life insurance

"Life is like a coin. You can spend it anyway you wish but you only spend it once," Lillian Dickson said as she is pertaining to life and how you would spend it. We may know it but, are we sure about our life? About the wheels that make us go round and round but doesn 't have any idea when will it stop? The sad question we all behold is that... Are we happy about how we achieve our life as well as the financial goals that we have without assurance? People started “Life insurance” before as simply passing the hats to people, commonly known for us Filipinos as “abuloy,” when one of our close relatives or friends passed away. This tradition became one of the practices in the Philippines, still, this way of giving allows our fellowmen to learn …show more content…

As we strive harder, our life span gets shorter. Life in this world is very trickery and risky. According to Philippine Life Insurance Association Inc. (PLIA), there are three (3) risks: The premature death, Disability, Old age. These risks scared us when things happened in unexpected ways, leaving behind our loved ones. And with this, life and insurance, when combined together is our history, our treasure that we 'll leave in the course of time. Life insurance is an integral part in our personal life plans. The lesser worry we have, the higher rate of joy we gain. Life is a cycle we can’t stop, a cycle where children will have a good quality of education, and parents will not worry for the remaining debts and exterminating taxes. Therefore, Life Insurance enables us to meet economic needs, wants, and goals. Life Insurance would be the most crucial, and yet the safest way to protect and ensure the future, and to uphold the way your family live regardless of the circumstances. Also, it can be very imperative in many ways, referring to different advantages it can give: family protection, savings, and retirement …show more content…

What would happen in the family of the 89 % stated that they will not survive nor sustain their standing in society when the breadwinners in their families die? This is the very wheel of life insurance. It provides assistance that eases the financial burden of families in case uncertainties happen. Furthermore, it secures the family’s income in paying or reducing or even exterminating debts. Life insurance protects the loved ones. It is a “dream catcher.” It is a financial tool in reaching goals. While working, your life insurance is also investing. According to PLIA, only 27 out of 100 people goes to college. This reality pushes us to create a life changing plan through the use of life insurance. Goals are possible when zones towards them are visible with Philippine Life Insurance, Inc. Life insurance is not just a simple insurance. It will let you dream bigger, think wider and hope higher. Inflation of success results from your today’s effort of planning. Let yourself feel the happiness while creating and saving. Your company, the Philippine Life Insurance Association said, “Life Insurance is bought not because people have to die, but because people have to go on living.” It’s time to revolutionize the horizons of our minds about Life Insurance. It’s time to equip ourselves with wisdom. Thank you Philippine Life Insurance Association, for letting us – the youths – know that

Show More
Related
1504 Words | 7 Pages

Neff Said: Mise-en-scene and Sound in Double Indemnity Film Noir is a genre filled with many interesting conventions. The films within Film Noir use narration, performance, lighting, and blocking in order to tell tales of murder, betrayal, and questionable morals.

Read More
430 Words | 2 Pages

Some life insurance companies may offer whole life insurance for male and female over 60. As long as you stay healthy, not smoking, and stay away from risky hobbies, you are likely eligible for whole life insurance until you 're old enough. The advantage of whole life insurance is a steady premium until you die. Unlike term life insurance that the premium increases on renewal or VGLI that the premium increases with age, you will pay the same amount from the beginning to the end with whole life insurance.

Read More
730 Words | 3 Pages

We have little time on earth and it goes by so fast, Living a good life doesn 't have to be measured on how long you live, but what you do during the time you 're on earth fulfilling your dreams, hopes, and self-meaning accomplishments. Henry David Thoreau once stated “ most men lead lives of quiet desperation and go to the grave with the song still in them “.His quote is relevant, it can be said he based it on his era, yet it still applies to today 's day in age. These are people who will never really understand themselves until it’s too late and untill they come to an end in their lives. People don 't stand up to a cause until it 's too late.

Read More
828 Words | 4 Pages

Many people have not planned for their retirement so they suffer from consequences. Many people will tell you that you should never waste time and money in making investments. Some companies will just close and take your money for good. On the other hand, there are also other people

Read More
1067 Words | 5 Pages

Most epic adventures don’t start out with an application and insurance waiver. My mother had told me that I needed to get a job this summer because she was tired of seeing me mope around the house. Throughout May she had been not so subtly putting application papers on my bedroom desk and other places in the house. Each time I saw one; I rolled my eyes then proceeded to throw it in the trash.

Read More
525 Words | 3 Pages

Background The Affordable Care Act (ACA) is officially referred to as the Patient Protection and Affordable Care Act was enacted into law on March 23, 2010. It is estimated that prior to the enactment of the ACA, 44% or 81 million people between the ages 19-64 were either uninsured or underinsured in the United States (Schoen, Doty, Robertson, & Collins, 2011). The populations most likely to be uninsured or underinsured are individuals with earning between 133-200 % below the established federal poverty guidelines (Schoen et al., 2011). Consequently, 80% of individuals with earning under $20,000-$39,999 were uninsured or underinsured (Schoen et al., 2011).

Read More
928 Words | 4 Pages

Health insurance is one of the main insurances ones can have in life. Without reliable health insurance any small treatment can wipe out a person financially. " health insurance is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured" as defined by Investopedia, 2015. The term ‘Health insurance’ was firstly discovered in the United States during the civil war.

Read More
555 Words | 3 Pages

The Health Care Affordable Act is a health care reform policy that guarantees all citizens the right to health care. According to the American Nurses Association website, “the American Nurses Association has been advocating for health care reforms that would guarantee access to high-quality health care for all. With the passage of the Patient Protection and Affordable Care Act (PPACA), millions of people have greater protection against losing or being denied health insurance coverage, and better access to primary and preventive services. ANA recognizes the debate of health care is not over, and remains committed to educating the nursing public about how the changing system impacts our lives and our profession” (American Nurses Association, 2016, P.1). The Health Affordable Act has had a major impact on my practice, in relations to, providing holistic care to the community that seeks health care.

Read More
1807 Words | 8 Pages

This paper describes and analyzes a life review interview with an older adult. The purpose of this paper is to discuss, record and reflect on an older adult’s life in order to evaluate them on the last stage of Erik Erickson’s theory of psychosocial development; integrity versus despair. This paper will also focus on the elements of a life review as well as the reflections of the interview on the part of the author. JC is a seventy-seven year old white male who lives by himself in New York City. He was born in London, England, and was an only child.

Read More
1533 Words | 7 Pages

Health care cost has seen to increase gradually as years go by. This has been influenced by major factors such as political influence, emerging chronic diseases, new procedures that are coming up including the technologies being invented for treating illnesses, pricing of medicines and treatment is not regulated and when treating ailment their may arise repetition of tests or a patient gets over treated for a particular ailment. The cost of healthcare has increased due to chronic diseases such as cancer and diabetes etc. The lifestyle people are living in this generation has led to the development of diseases that are expensive to treat or has led to there being over treatment in such for a cure of a particular ailment.

Read More
684 Words | 3 Pages

The cost of health insurance is quickly on the rise, and employers and employees alike are feeling the financial weight. A large portion of high medical claims are associated with obesity and lifestyle choices, some of which can be reduced by making healthy changes. Due to the rise in cost, many employers are rewarding employees for participating in health screenings that measure things such as body mass index (BMI), blood pressure, cholesterol, blood sugar levels, lifestyle choices such a tobacco or excessive alcohol use, exercise, mental health, and amount of sleep. Employees can impact the cost of their healthcare by learning about their health risks, making lifestyle changes, and becoming accountable for their own health. Upon completing

Read More
1659 Words | 7 Pages

Preparation Outline Persuasive Speech Name: Fong Xiang Qi, Noreen Tutorial Group: W14 Date: 15th October 2015 Title: Plan for the future you and your loved ones. Topic chosen: Life Protection Insurance and Saving Plan. Specific purpose: To persuade my audience to start planning for their future wellness and financial needs to cope with the uncertainties in life.

Read More
448 Words | 2 Pages

Medical insurance is a vital part of people’s lives. Without medical insurance it would be hard for most people to afford to go to a doctor for treatment. Not only the cost of paying out of pocket fees for medical insurance but also for deductibles. You can also commit fraud very easily if you are not aware of how to properly fill out an application for medical insurance. There are also many different types of medical insurances that you can apply for, and compare prices if you are having to pay out of pocket expenses.

Read More
811 Words | 4 Pages

Can Money Buy Happiness? In today’s materialistic world that we live in, the phrase that ‘can money buy happiness?’ is an often asked question. There is no right or wrong answer but only peoples opinions and people always think their opinions are right. Money is an easy way to gain happiness since in our daily lives we need money for food, shelter, and keeping ourselves healthy, which are necessities for having a happy life.

Read More
1054 Words | 5 Pages

What is the value of life? To me the value of life is cherishing every moment that comes to me. To make sure with every experience to take it to heart and learn some kind of lesson out of it. life is like a mountain, at certain points throughout the climb it is going to be really tough mentally and emotionally. Other times it’s going to be so easy fun and smoothe until… one hits that bump in the road again.

Read More

More about Essay About Life Insurance

Related Topics

Open Document