HEALTH INSURANCE

Health insurance is a contract between an insured person and an insurance company wherein the latter pledges to release a sum of money to the former in the event of the occurrence of one, several, or all of the following medical events: 

• hospitalization; 
• diagnosis of critical ailments; 
• surgery; 
• accidents; 
• dismemberment; 
• disabilities and others.  

The release of the money by the insurance company shall be in exchange for the insured person's periodic payment of regular premiums.

Why is Health Insurance Important for Filipinos?

Findings from a recent study made by top insurance firm Sun Life of Canada showed that a majority of Filipinos cited medical emergencies - either their own or someone else's they know - served as CRITICAL TURNING POINTS in their lives.  

It found out that 95 out of every 100 Filipinos who get sick will sacrifice their savings. More than 50% said they will borrow from family members just to get through these illness-related tough times.

That is how potent medical and health-related crises can be in potentially DIMINISHING and even DEVASTATING a family's financial resources.  And you would not want to be in that situation.

This is why the importance of getting health insurance while one is still healthy cannot be overemphasized. 

The Benefits of Getting Health Insurance

• Health Insurance may help prepare you for the unexpected - You never know when an illness or an accident can strike!  Unforeseen medical needs, combined with high health care costs, could leave you with medical bills if you're not insured. Having health insurance coverage can help reduce unexpected medical costs.

• Health Insurance may help take your mind off worrying for hospital bills and help focus your energies toward healing and recovery - A sick person who is preoccupied with negative thoughts may find it hard to recover from any ailment.  Holistic healing is said to be better facilitated if people possess a positive and optimistic state of mind.

• Health Insurance may help provide a stream of income during hospitalization -  There are health insurance options that provide cash payment to the insured person during times of confinement in the hospital.  It is thus a form of temporary income replacement for the person who cannot work during the time in the hospital. 

• Some Health Insurance may help you accumulate money while no health crises occur -  Since many Filipinos fear that medical emergencies may deplete their personal savings, some insurance plans allow the insured to grow and compound portions of the premiums that they regularly pay so that these become the funds that they will utilize for these emergencies.  These allow their personal savings to be largely spared.  

It is thus a sound, even wise financial planning practice for Filipinos to prepare for health-related emergencies while at the prime of productivity and at the optimum level of health.  

You owe it to your family to prepare for ailments, illnesses and accidents well ahead of time. Why?  Because expenses for treating all medical emergencies cannot come at the expense of the happiness, well-being, security and contentment of your family.  

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Get a
Sun Fit and Well
NOW!

Protect your family from costly health-related expenses even while growing your investments.

Learn more HERE!

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YOUR PARTNER

Edwin T. Bartolome
Financial Advisor and Certified Investment Solicitor 
Code # 090848
CR # 02-2013-08539

For inquiries, assistance and free consultation on Health Insurance and other Money Matters, you can reach him at:

Cellphone: 0917-661-6943
and E-Mail: [email protected]

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Office Address:
Baobab New Business Office
Sun Life Financial
6/F BTTC Centre,
288 Ortigas Avenue
Greenhills, San Juan City
Philippines
Tel. No. 719-3958
Fax. No. 719-3894

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"The Greatest Wealth Is Health."
~ Virgil
   Roman Poet

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I want to make a difference. I want to Be A Sun Life Financial Advisor

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Delay Your Gratification To Succeed Financially

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