We heard the news! A magnitude 6.1 earthquake struck Central Luzon! Too alarming, isn’t it?

I was at a mall on Monday, April 22 at 5:11 pm when an earthquake occurred. As expected, people panicked, and everyone’s trying to escape the building to save their own lives. A few minutes later, the earthquake stopped and people calmed down as their anxiety subsided. The mall’s operation went back to normal, too. Meanwhile, the news broke that the province of Pampanga was the most affected. Consequently, there were people trapped in a supermarket, some were retrieved alive, and unfortunately, others never made it. It was disheartening.

The next morning, at around 1:37 pm, an earthquake shook Eastern Samar and just the day after, another hit Dinalupihan, Bataan.

Certainly, this catastrophe has made me realized a lot of things as a Financial Educator. Can you imagine yourself being trapped in the building where everything is shaking, where there is no escape, and the only option you have is to pray and think of your family?…It really is scary not knowing what is going to happen next.

I know most of us will think of the loved ones we will be left behind. What if you are a breadwinner with big responsibilities to your family?

Life is very uncertain, and we don’t know what will happen next. It is only in times like this that we appreciate and value life insurance. Life insurance is our financial shield against potential losses. So it would be better to prepare early because if we don’t,  our family is the one who will truly suffer. We don’t want that to happen right?

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Sad to say, it seems like many Filipinos do not value Life Insurance, and some of the reasons are: first of all, they see insurance as a mere expense, secondly, they thought that it is a scam, and finally, their an agent simply forced them to buy an insurance without explaining it well.

Let me share with you some insights what insurance is for, and why it is a must:

1. FAMILY SECURITY. Insurance is not for you for the reason that you cannot bring it when you’re gone. It is just a means to secure the life of your family.

2. INCOME REPLACEMENT. In case you die too soon, insurance will serve as income replacement to sustain the day to day living of the family.

3. LEGACY. Insurance can serves as savings that you can leave behind to your beneficiaries.

Above all, your salvation and relationship with God is the most important weapon you can ever have. At the end of the day and at the end of your life, we should anchor everything on what truly matters.

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