Hello, It’s me, Sheila. You might recall that I shared about a cancer scare due to a cyst the doctors found in me.
While the results were thankfully negative, I decided to utilize the long weekend on October 30 for a laparoscopy to remove cysts from my uterus and breast.
This led to a week of much-needed rest, however that same week, I jumped back into work, handling administrative tasks and documentation for clients who wisely opted for life insurance.
Now, onto the hospital-related matters…
My hospital bill reached PHP 443,000.00!
Imagine, it wasn’t even cancer or any critical illness listed, pero ang laki ng expenses. It just goes to show how costly it is to get sick!
Fortunately, I have my Philhealth Maxicare, reducing the overall cost by around 143k PHP.
I filed a claim with Manulife, and luckily, there’s a surgical benefit of 20k PHP.
I’m grateful for tools like health cards, Philhealth, and insurance. They significantly eased the stress, allowing me to focus on recovery without worrying about the financial burden.
Reflecting on this experience, I’m reminded of my mission to empower others to be financially prepared.
Life’s uncertainties are inevitable, but being equipped with the right financial tools can make the journey smoother.
Now, I’d like to talk about how insurance offers extensive benefits that go beyond mere financial coverage. Let’s explore why life insurance is a vital element in a comprehensive financial plan.
A foundational aspect of life insurance, ensuring dependents are shielded from financial strain in the event of the policyholder’s demise. It covers outstanding debts, preventing loved ones from financial burdens.
Acts as a safety net, replacing lost income for families relying on a primary breadwinner, enabling them to maintain their lifestyle and meet essential needs.
Facilitates seamless asset transfer to heirs, reducing potential conflicts. Offers tax advantages to ensure beneficiaries receive maximum benefits without heavy taxation.
Beyond immediate needs, life insurance serves as a supplement for long-term care expenses, providing added financial security as policyholders age.
Peace of Mind:
Offers invaluable peace of mind in a world of uncertainties. Knowing that loved ones are financially protected eases anxiety, allowing individuals to live fully present with loved ones without money worry.
All these benefits among others like Tax Benefits, Debt Coverage, Business Protection,Charitable Contributions, and many more.
With all these in mind, it goes without saying that life insurance must be part of financial planning.
It goes beyond being a mere policy; it is a promise, a commitment to securing the well-being of those who matter most.
It is a legacy of protection, a testament to foresight, and a cornerstone of a stable and secure future.
So, let us recognize its significance and embrace the peace of mind it brings, for in safeguarding our loved ones, we are indeed securing our own legacy…
You might spend up to hundreds of thousands to deal with it.
Here are some estimated costs of treating a critical illness:
Stroke – PHP 1.8 million
Acute Heart Attack – PHP 978,650
Breast Cancer – PHP 438,000
Paying out of pocket for a critical illness could destroy your cash flow… family budget… and business operations…
I don’t want you to worry about this because believe me… you don’t want to go through what I’ve experienced before, chasing after money.
That’s why having AngPao for life is important!
In times like this, meron AngPao darating sayo… hindi dapat manggagaling sayo!
Now, my question to you…
If a critical illness strikes, will there be AngPao to cover your medical bills?
What would it mean for you and your family?
If you do not want to have this financial stress…
Let me handle that for you.
So, while you are still healthy and active, get health insurance.
Make sure you’re fully covered.
Don’t wait until you have a diagnosis…
And you know what, if I were to add more coverage for myself right now, I’m sure I’d be declined.
Wag na natin antayin ito!
Unahan na natin ang mga bukol at mga sakit…
Just call me!
Ayusin na natin ang health insurance coverage mo.
If you’re thinking…
“I can’t possibly cover those hospital bills and doctor fees,”
You’re not alone.
In fact, 80% of Filipinos find the cost of treating critical illnesses way too steep, and more than half admit that they’re not ready for those expensive medical bills when hit by a life-threatening illness.
With these compelling reasons, consider adding “getting an insurance plan” to your to-do list before the year ends…
Especially when you’re still young and well.
The good news is…
It’s not just for uncertainties; it can also fast-track your goals.
And whenever you’re ready to set up your protection, you can reach out to me here.
…we were playing the Mooncake Dice Game, or Pua Tiong Chiu…
Everybody wants to win the grand prize—Ang Pao that is worth 10x the ticket price to play the game.
Pua Tiong Chiu is an ancient game, dating back 1,500 years ago…
Originally played by soldiers to make them feel less homesick while they were out fighting battles.
Nowadays, this game is tied to celebrating the Mid-Autumn Festival, which is a traditional Chinese holiday.
It is also known as the Moon Festival or Mooncake Festival.
Japan, Korea, Vietnam, and other countries in East and Southeast Asia all have holidays that are like this one.
This festival is all about togetherness.
It’s a time for families and friends to gather, and it’s often said that the moon shines its brightest and roundest during this period, symbolizing family reunion.
Plus, it’s a moment to celebrate the bountiful harvest and a whole bunch of other reasons that make it special.
Throughout September to October (or month of August in the Chinese calendar), the Mooncake festival is celebrated by members of the Filipino-Chinese community, and we play Pua Tiong Chiu during gatherings.
The game can be confusing especially to those who might be playing it for the first time.
However, one can get the hang of it by participating in the game each year.
The prizes back in the day were mainly mooncakes and assorted cakes, with the first prize being the grandest mooncake of them all.
It’s essentially a game of luck.
Speaking of luck… confusing mechanics… celebration of harvest and prizes…
I realized it’s similar to investing.
It may be confusing at first but if you study and perform it day by day, making it a habit…
You’ll get to improve your understanding in investing.
And with an added luck, the “prizes” in the form of financial gains are something you can harvest.
Just like this Global Preferred Income Fund which yielded 0.54% gain for the month of September.
Perfect timing to celebrate the Mid-Autumn Festival.
So, whether you’re rolling dice or rolling your investments, remember, a little knowledge and persistence can go a long way in building your wealth.
And the beauty of this?
You harvest every month because it’s designed that way.
A true AngPao for Life… living off the interest of your money.