Essay About Life Insurance In The Philippines
INTODUCTION It is a common observation that life insurance is very high to rural areas. In provinces such as Batangas where life insurance has uplifted the standard of most availing of it , they are mainly focused on how to earn money and majority do not know how to manage their money for the future. The people avail the life insurance in this industry has covered most of their time in managing operations of the future. More than two century have passed, since life insurance was invented. The first life insurance policies were taken out in the early 18th century. The first company to offer life insurance was the Amicable Society for a Perpetual Assurance Office, founded in London in 1706 by William Talbot and Sir Thomas Allen. The first …show more content…
In this research, the authors focus in the importance of life insurance, are gaining popularity in the Philippines in relation to the characteristics and the influence of the economy. Furthermore, this research would examine how the consumption level of life insurance is indicative of the country economic activity. People need financial insurance to ensure the financial security of those who, mean the most, such as spouse children and dependent parents. Life insurance gives your family choices by providing the benefits to help pay off debts to help meet housing payments, and ongoing living expenses to help fund college educations for your children or grandchildren. Life insurance are quite become more popular in the society’s demand and this paper focuses on the factors that people who have life insurance consider to obtain the importance and the advantage of life insurance and gain better knowledge about it. This research would also tackle about the effective ways on choosing the appropriate life insurance for different type of
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