Why Life Insurance is the Perfect Christmas Gift for Your Loved Ones

1. It’s for the whole family
   
   What can be a better present than financial security for the future? Not many gifts can claim to be genuinely beneficial for the whole family. Your gift of life insurance can provide a buffer for your loved ones and will protect them if you are no longer able to.
   
   Through life insurance, you can ensure that you and your family have something to lean on in the event of an untimely demise. Ideally, the life insurance coverage should be 10–20 times of your annual income—enough to take care of their day-to-day expenses, payment for loans, children’s education, and other unforeseen costs. Not only will you be able to safeguard your family’s financial future, but you’ll also help ease the financial burden when worse comes to worst.
   
   
2. It lasts a lifetime
   
   The gift of life insurance is something that goes beyond the holidays. Unlike any other gift, some life insurance products continue to grow in value over time. The investment that you made will go on for generations, creating a living legacy that will accumulate cash value with each passing year.
   
   A commitment to pay the policy premiums is worthwhile as it enables the life insurance policy to still be there years from now—something that material gifts don't offer. You can even borrow the cash value from a plan to pay for other necessary investments like college tuition, downpayment for a home, or building your retirement fund. It’s important to take note, however, that withdrawals will reduce the available death benefit.
   
   
3. It’s inexpensive
   
   There are a lot of affordable life insurance plans in the Philippines depending on your goals and needs. Rates vary depending on a person’s health history and the amount of coverage, but insurance agents are prepared to work with you and your budget to create a policy that will work best.
   
   No matter where a person is in life, insurance always pays off. Instead of a shopping spree, you can let your savings go further this year by using it on something that can guarantee financial stability and peace of mind.
   
   
4. It’s a unique way to show you care
   
   Not many people will think of giving financial gifts for Christmas, but it’s a surefire and practical way to show your loved ones how much you really care by going the extra mile in originality and thoughtfulness. As nontraditional as a gift like this may seem, you get the assurance that your hard-earned money goes to something that you and your family will need for the future, and not just for any material thing that has limited use.
   
   
5. It teaches the young how to value money
   
   Your children, grandchildren, pamangkins, or inaanaks may not be able to fully appreciate this kind of gift at first, but in the long run, they’ll understand how you helped them get a head start on their financial future.
   
   Life insurance is an affordable investment for children that’s not only valuable but also teaches them the significance of money as early as possible. It’s best to start them young while they are enjoying their good health and can get life insurance at a lower cost.
   
   Some types of life insurance are also excellent gifts for children because of the potential of their future value. They work like a savings account and build cash value over time. When the child reaches the right age, you can turn over the policy and let them decide whether to continue to keep it or cash it out to pay for essential expenses.
   
   
6. It can be the sweetest gift for your spouse
   
   What better way to keep your spouse happy than by assuring that your family is protected and both of you have life insurance coverage. The financial impact of losing a spouse can be huge, especially for parents who manage the household through childcare, cooking, cleaning, and the like.
   
   That’s why it’s best to get life insurance as a couple. One good option is the Family Care Plus life insurance plan, which is a term life insurance for two. You and your loved one are covered for common critical diseases or death. The plan also automatically renews for another ten years, provided that premiums are continuously paid. Plus, it will also encourage you both to make healthy choices so you can enjoy 20% additional life coverage and supplemental benefits.
   
   
7. It helps you avoid the holiday rush
   
   Getting life insurance as a gift is stress-free because you get to skip the long checkout lines and the hassles of traffic. You also won’t have to race with last-minute shoppers to get a good deal. One call with your Bancassurance Sales Executive is all it takes to get someone the gift of protection they’ll cherish for a long time.
   
   We know that your family and loved ones mean the world to you. With life insurance, you’re sure to keep them happy beyond the holidays by helping them build a solid financial foundation. You can rest easy knowing that you’ve offered an incredible gift for anyone who depends on you.

Ready to discuss your options? Make the holidays count and talk to a Bancassurance Sales Executive at any of the 900 BPI branches nationwide.