The Reasons Why Insurance Is Underappreciated
Let face the reality nowadays, I am speaking in the Philippines setting. Most of us have bought a lotto ticket or two, we are fully aware that we probably weren’t hitting the jackpot prize. But on the other hand, we still took the chance of trying, right?
The second reason is custom; our ancestors—that is, the Spanish conquerors—did not impart this knowledge to us. Actually, a Canadian investor arrived in the Philippines 130 years ago and introduced a business that would motivate Filipinos to support their families.
In reality, that little buzz of what if is a powerful stigma right now that we are still holding on. When tossing a few coins for the tiniest shot is more about the hope than the odds.
Now let's think about something that works on the opposite way but this time there is surety. How about that?
Learn why every Filipinos needs Insurance. Click here.
The Insurance is not so glamorous, but it has magical effect.
Let's try this. Unlike the lottery way, the insurance doesn’t promise a big win. It’s about protection - so you don’t lose everything when life takes an unexpected turn of events. For example, when you bought your car insurance you do not wish to have an accident when you drive going to the office and back. But when it happens to you, you dont have to grab all your savings to repair or hospital expenses.
It’s not so flashy, and you’re not likely to post about it on your feed. But when the worst happens—a serious illness, an accident, or an unexpected loss—you’ll be glad it’s there. You have something to pull the blue chips to pay for what you need. You do not need to withdraw all your savings account.
It's not about expecting disaster. It’s about being ready if it happens. Is itn't right?
Why, Insurance Just Makes Sense for Everyday Folks?
Here’s the thing—most of us naturally try to avoid big losses, yeah! That’s why we double-check if we locked the front door, closed all that are plugged in or bought your fire extinguisher. It’s not that you are afraid — you are just taking caution.
The Insurance does the same job, It's just that on a bigger scale. Take home insurance, for instance. You’d never wish for a fire. But if it did happen and you weren’t insured? The financial and emotional loss could be devastating. A small annual payment can prevent that pain.
That’s what insurance really buys you: peace of mind.
The 3 Types Every Filipino Should Consider
These cover life’s essentials—your well-being, your family, and your biggest investments.
1. Health Insurance
Medical bills in the Philippines can be overwhelming. Health insurance ensures you don’t drain your savings just to get the care you need.
2. Life Insurance
No one wants to think about it, but life insurance is a thoughtful way to take care of your loved ones when you’re gone. It gives them breathing room when they need it most.
3. Property & Car Insurance
Storms, floods, accidents—they happen. This coverage helps you bounce back without wiping out your finances.
What’s Really Going On Inside Insurance Companies?
Here’s a simplified look behind the curtain:
- Loss Ratio: What they pay out vs. what they earn.
- Expense Ratio: What it costs to keep operations running.
- Combined Ratio: Add both, and you’ll see how tight their margins are.
That’s why some folks hesitate—they don’t see a return right away. But when you do need to make a claim, you’ll understand exactly why it was worth it.
What to do before getting life insurance? Heres how?
Bottom Line: Get Covered Before You Need It
You don’t go shopping for an umbrella after the rain starts. Same goes for insurance—you want it in place before life surprises you.
Whether you're safeguarding your health, protecting your family’s future, or ensuring your home is covered, now is always the best time to start.
🛡️ Not sure where to begin? No worries. I’m here to help with no-obligation financial advice tailored to your life, budget, and goals.
📩 Send a message and let’s create a plan that gives you real peace of mind—because true financial strength isn’t about how much you make, but how well you protect what you’ve worked so hard for.
What are the life Insurance product you can be covered.
Would you like this version more localized or a bit more playful? I can tailor it further to match any voice you’re aiming for. Just say the word. 😄
Jack speaks at conferences across the Philippines on topics such as family finances, and personal and professional growth.
You can contact Jack Marbida through his social media accounts or email him at papajackph@gmail.com.
Cheers!
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