Five faulty insurance misconceptions we think of that prevents us to acquire

When it comes to being smart about your money, nothing casts a greater shadow of doubt on your next investment than misleading information.

BPI-Philam, the country's premier bancassurance company, listed the top five myths you might have heard stopping you from getting your own insurance policy.

#1: The benefits aren't for now, only later when I get sick or die

Life insurance was once inaccurately touted as a contingency plan for sickness or worse, death.

Now it strives to be the Filipino's partner for total wellness through Philam Vitality, a wellness program designed to reward policy holders for being and staying active.

It isn't just about helping customers live, it's helping them live better.

#2: It's not for me

One size does not fit all.

Insurance policies may differ between key moments in your life, but one thing is sure--there is a plan that fits your financial needs.

You may be starting a business, readying yourself for marriage or parenthood, acquiring a home or your dream car, going abroad, or even retiring--one thing remains: everyone is still at risk of getting sick, living too long, or dying too soon.

#3: It's expensive

For so long, "expensive" has erroneously been equated to "quality" and anyone who dared say otherwise is shady.

Whether you have two or ten thousand pesos, great comprehensive insurance products are made available for your specific need.

With a budget of P 1,600 a month for a policy you can have quality and comprehensive coverage assured with no strings attached. That's just P 55.00 a day!

Imagine, the 55 pesos you'll be spending on unhealthy fast food meals or prepaid mobile data could be your start to protecting your future!

#4: I don't know where to get it

Insurance has become easier to get and have because you can obtain it through a bank.

In this era of bancassurance, insurance becomes more accessible by being offered in any BPI branch nationwide.

#5: It takes long to pay

Insurance payment terms are no longer a question of "How long do you need protection?" because a need isn't necessarily long nor short-term.

BPI-Philam sees security and ease of mind as needs for the appropriate term--for as long as your need exists.

They won't cause you to break your back paying premiums for the "long-haul" but will assure and protect your future through forward-thinking policies that aren't hard on you.

To experience great quality service and get top-notch products for yourself, visit: www.bpi-philam.com

About BPI-Philam

BPI-Philam Life Assurance Corp., is a strategic alliance between two leading companies in the country – The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Philam Life is the premier life insurance company in the Philippines and the market leader for over 60 years. BPI is a leading commercial bank in the country with over 160 years of experience in the local banking industry and an extensive branch network of more than 800 branches and 1,500 ATMs.

BPI-Philam’s professional and expertly trained Bancassurance Sales Executives are assigned in BPI branches nationwide to render financial advisory services that address customer’s financial and protection needs.

With the combined expertise and resources of these two trusted companies, BPI-Philam policyholders are assured that their insurance is backed by financial strength and stability.