5 myths about insurance
Insurance can be a confusing or intimidating subject because of the technical terms as well as many misconceptions about it. AXA Philippines, be of the country’s leading insurance providers, dispels some of the popular myths about insurance by giving basic facts to help you make an informed decision. Myth 1: Insurance is expensive. Fact: Insurance products are designed for different needs and therefore, vary in costs depending on the coverage. Online calculators and speaking with a financial advisor can help you figure out the right plan for your needs and budget. Myth 2: Young people do not need insurance. Fact: Getting insurance while you are young is ideal since premiums will be much cheaper. You are also usually less prone to develop medical conditions that can drive up premiums. Policies will be more expensive the older you get and the longer you wait. Myth 3: Poor health makes you unqualified for coverage. Fact: Some insurance companies like AXA can cover a range