Miq Labao, Licensed Financial Advisor

Purchasing life insurance is one of the most important financial decisions you’ll make. Not only does it protect the loved ones you’ll leave behind, it can be a useful tool well before then. While there are many things to take into account when purchasing life insurance, check out our list of the first five things to consider.

Life insurance, why buy it?

7 reasons you may need life insurance, even if you think you don't Most people don't consider life insurance until later, but the best time to buy it is early on — even in your 20s.

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Finding Stillness...

It’s tempting to put off buying life insurance when you’re young, especially if you’re just starting out and money is tight. If you’re young and healthy, you might feel that you can get life insurance later on, maybe in ten or fifteen years. But there are two good reasons to buy life insurance now instead of waiting. The first is that, if you have loved ones who count on you for their financial support, life insurance can help protect them in the event of your unexpected death. The second is price.

As a rule, life insurance is cheaper when you’re young and healthy.

Many young adults believe in financial planning. However, life insurance is rarely taken into account when it comes to creating a plan. When you talk about financial planning, what comes to mind for many young people is having a strong financial foundation, building an emergency fund, creating a budget, saving to pay off debt or for retirement. Life insurance is often forgotten because, to a young person, death is still a long way away. If you are young, healthy and you don't engage in habits or activities that could compromise your health, why would you have to think of dying?

Statistically, many healthy young individuals have died within the last twenty-four hours. So, death is not necessarily only about age and or how healthy you are.

Death is unavoidable. In the face of tragedy, the least you can do for your family is to secure their financial future. Even if it is a small policy, you know that you've done all you can to help them tide over difficult times.

Remember, it is not a matter of IF but a matter of WHEN :)

When should you buy life insurance? Is it ever too soon or too late to buy life insurance? Here’s what life insurance can do for you at different times of your life.

Many people DON’T realize that insurance only gets MORE EXPENSIVE over time. This is also the reason why SMART parents are getting their children insured when they are YOUNG. 🤫

If your child does NOT have insurance, I suggest you spend time talking to your financial advisors to find out more about it! ✅

We hate to fail. Most of us see failure as a sign of being inept. We associate it with disappointment and pain. Our perception is that failure is all bad. But have you ever considered that there is value in failure?

It goes without saying that a penny saved is a penny earned. With the current economic and financial situations, it’s no more a case of asking whether you should put aside some money each month or not. The real question is how can you save some money and make it grow too.

4 things you can do to grow and protect your money during a pandemic While a market dip during a pandemic is concerning, now is the time to assess your ability to take investment risks and look forward into the future.

A Perspective Shift

There’s a long line of CRITICS, and TALKERS. DO-ERS are few and far between and sometimes have to STAND ALONE!

Which line in life are you currently in?

Every day when we wake up, we get to decide how we're going to start the day. We don't get to choose our circumstances most of the time, but we get to decide how we respond :)

It's now easier to send Miq Labao, Licensed Financial Advisor a message.

Keep it simple 😃

The year is coming to a close and we all know what that means: your long-awaited 13th month salary is here.

Needless to say, you shouldn’t squander your 13th month bonus. How, why, and where you spend it may determine your financial situation for the coming year. Which brings us to the big question: will you cave in to the temptation of those shoes you’ve been looking at all year? That shiny new iPhone? Or will you be practical and invest your windfall?

Consider this allocation to make the most out of your big bucks.

7 Best Investments for Magastos Millennials

Credits to Moneymax

7 Best Investments for Magastos Millennials | Moneymax Do you overspend more often than you save? Don't wait until it's too late to start investing. Consider these seven best investments for millennials.

Make a promise to yourself that, come hell or high water, you WILL make it happen. Don't try, just do it.

Shopping for life insurance for the first time can be an overwhelming and confusing process.

With so many options available, it can be tough to figure out exactly what you need.

The good news is that finding affordable life insurance coverage is probably easier than you think. Here are some need-to-know basics to get started.

A Beginner’s Guide to Life Insurance in the Philippines You can never be too prepared for unfortunate circumstances. Whether it’s illness, critical injury, or even death, preparing for life’s tragedies can at least take out some of the sting and stress that comes with them. In the financial world, one of the best ways to prepare is by having life ins...

Financial Planning puts a roadmap to your finances, maximizing every peso — no matter how many you have.

Experiencing happiness begins with the understanding that happiness is not a gift you receive; rather, it is an emotion you create and cultivate in your life.

VUL Funds, Mutual Funds, and UITFs can be excellent ways to invest in the stock market and other asset classes, especially for new investors.

They don't require a great deal of expertise to understand or evaluate, and can allow the average Filipino to match, or potentially beat the market's performance.

Are Mutual Funds and UITFs Good Investments? In this video, J3 explains how Mutual Funds and UITFs work, and why they can be very important in your journey to building wealth. See Full Transcript: http:...

What does REAL FINANCIAL PROGRESS look like?

What REAL Financial Progress Looks Like What does financial progress look like? Not a lot of people ask this question, but it is crucial to financial success. Learn the 4 signs of financial progres...

When you open your mind you are not compromising your ethics and values. It only means that you begin to practice a greater sense of awareness and in doing so you are
prepared to look at your world a little differently.

If you ever need a parachute and don’t have it, you will never need one again.

Photo credit: The Budgetarian

As long as you're still breathing, you'll have another shot in life. Take and exploit it :)

Have a Blessed Weekend!

What does paying yourself first really means?

What Does It Mean to Pay Yourself First? Wondering what "pay yourself first" means and how it can help you save more money? Here's how this money management tip makes saving a non-issue.

Believe, act and make a difference!

Debunking common stock market MYTHS that hinder Filipinos from investing.

Credits to Pinoy Money Academy

The Top 4 Stock Market Myths — Busted In this video, J3 talks about the top 4 myths about the stock market, and explains how each one is either true or untrue. See Full Transcript: http://pinoymo...

Do more and worry less. Make it happen.

If you are on the fence about buying a life insurance policy, I encourage you to think about what it would mean to your survivors if you were to pass away without a LIFE INSURANCE policy in place.

Would they be OK from a financial standpoint?

Could they continue the same standard of living?

Would they have to downsize their home, sell their possessions, skip out college or take out substantial loan?

Would they be saddled with final expenses, such as medical bills or funeral expenses?

Would they have to change their life plans? (go back to work, take a second job, work longer before retiring)?

When you ask yourself this questions, it would be evident that you absolutely need a LIFE INSURANCE policy.

Contact us for a FREE Financial Consultation :)

Life Insurance: Beyond Just Estate Planning When it comes to life insurance, many folks don't think they need it, if they consider it at all. In fact, it's a versatile financial tool that can help to build financial wellness now and for the future.