When getting an insurance whether it is a life or non-life product, it is necessary to consider a lot of the provisions and restrictions of the policy. If possible, it will be wise to go through the contract with a legal counsel, not because you are doubting your intelligence but just because you want to make sure everything is crystal clear, especially when you go over the fine print.
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Insurance riders are also things you may want to consider. For the benefit of those who are not familiar with the term, riders are additional provisions that could be attached to your contract or policy. An example would be the accidental death benefit rider, this just means that if the insured dies due to an accident, then the beneficiaries are entitled to double the amount of the coverage. Disability insurance riders are likewise important, the provisions for such may vary from one company to another. Bottom line is, these riders also covers you for some uncertainties that life can bring.
If you are interested in getting a life insurance product from Sunlife of Canada Philippines, or perhaps you are thinking of investing your hard earned cash, then get in touch with me.;)
A lot of parents these days are disappointed with the amount of money they are going to get from their children’s college educational plans. Of course, some insurance agents will promise the sun and the moon in order to convince you to buy their policy. To those who did not do their homework of reading the fine print and really finding out what those things mean, they are bound to have a nightmare when their kids are about to enroll to college. Most of the time, it will be best to get in touch with a legal counsel before putting your signature on the dotted line, so as not to be misled.
