About Investments

When my older brother suffered stroke and is hospitalized for almost a month, I experienced what it like is to have a family member as a patient. Suffering a stroke is a problem in itself, but add to that, the expenses, stress, the time and energy spent, you have a much bigger problem. If you are not prepared, you could be overwhelmed. This grim reality, prompted me to do something for myself.

Though I already have a life insurance, I decided to look for one more as the current life insurance provides very limited protection. It's just a life insurance without hospitalization benefits. Getting the right insurance is a daunting task given the number insurance companies to choose from. Which one really offers the best insurance quotes? There are lots of websites allowing users to search insurance providers by area. These websites are helpful as users can have a list of insurance companies and compare which one fits their needs.

After inquiring in several insurance companies, took Sun Life Flexi Link. Flexi Link is a variable life insurance offered by Sun Life Financial, which is member of Sun Life Canada (Philippines) Inc. Sun Life Canada is a respected brand in the insurance industry.

The policy I took has an annual premium of $2,000 and a death benefit of $500,000. The insurance is payable until age 88, I have an option to go for holiday premium though. What I like about this insurance policy is the hospitalization and disability protection. The hospitalization and disability allowance is $350 per day. The hospitalization allowance is doubled if I happen to be confined in the ICU, GOD forbid. The maximum number of days the allowance can be provided is 1,000 days. That's already 1 million PHP, what more can I say? In case of total disability, the premium is automatically waived. As far as I'm concerned this is the insurance that best fits my needs. But to tell you frankly, I got more than just protection. I got an investment.

The insurance policy allows top ups that are invested in bonds and stocks. I opted to add a $2,0000 top up. The amount can be invested in balanced, bond, equity and money market funds. Of these, I'm interested in balanced and equity funds. But with the current financial turmoil in the US, I have chosen to invest 100% in the balanced fund. A balanced fund is a mixture of debt and equity securities investment. Equity is purely stocks. Based on the average annual compounded return for 3 years showed to me, balanced fund's performance is 24.93% while that of equity fund is 24.95%. There's not much difference and generally balanced fund is considered a much safer investment.

If you look at it, with this policy I already have a death benefit, plus hospitalization and disability protection. And my premiums earn money better than that of a time deposit. I don't even have to deposit a large amount for one time as I pay premiums annually. Insurance is a very good investment. With the proper insurance search tools you can get the best life insurance providers.

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