Why You Need Life Insurance as a Breadwinner of Your Family

(Hint: It’s Not Just About You)

Picture this: You’re the breadwinner—working 45-hour work week, juggling your kids’ tuition, and still saving for your family's next vacation!

But what if, tomorrow, an accident leaves your family with nothing but hospital bills and utang?

The Insurance Commission reports a chilling statistic: 7 out of 10 Filipino breadwinners have no life insurance!

But don't worry. Let’s fix that—para hindi ka maging statistic.

"Kaya Ko Naman, May Savings Ako!” (And Other Lies We Tell Ourselves)

Let’s address the most dangerous myth Filipinos believe: “Life insurance is only for the mayayaman.” Guess what, that's quite wrong.

The average funeral in the Philippines now costs PHP 150,000–PHP 300,000—enough to drain a year’s worth of your savings.

Even PhilHealth can’t save you from a PHP 1.5 million cancer treatment bill (yes, that’s St. Luke’s Hospital data).

Savings alone? Yup, kulang na kulang.

But here’s the kicker: Life insurance isn’t about death—it’s about math.

How much would your family need to survive without your income? Think debts, tuition (DLSU charges PHP 250k/year now!), and daily expenses.

Not sure? My guide on How Much Life Insurance Do You Need Based on Your Family Role? breaks it down.

OFWs: Your Padala Isn’t Enough

Listen to this, for overseas workers, the stakes are higher. You send money religiously, but what if wala ka nang ipapadala?

1 in 3 OFWs has no life insurance, leaving families to choose between pang-college sa UP and pang-tindahan dreams. Don't you think your sacrifices abroad deserves a safety net?

Take your cousin nurse, working in Saudi: “Akala ko okay na ang SSS at pag-ibig. Nung na-aksidente ako, binenta din ng asawa ko yung napundar namin na tricycle.”

Sa 5/6 nalang ba tayo lagi kakapit?—I suggest you secure a policy right now that outlives your contract.

“Pero Bata Pa Ako! Bakit Ngayon?”

Here’s a secret: Life insurance gets 8–10% more expensive every year you delay. A PHP 2M term policy at age 30 could cost just around PHP 3,000/month or even lower. Wait until 40? PHP 6,000/month na yan or more.

This is also the reason why younger applicants can often avail better critical illness riders—mas maigi nang handa.

Think of it like pag-iipon para sa bahay: the earlier you start, the less struggle you'll have later.

The Silent Utang Trap No One Talks About

Without insurance, your family might beg relatives for abot-kayang libing or you'll be force to sell your lot in the province. Worse, your kids could drop out of school if you don't leave anything behind.

But it doesn’t have to end this way. Policies can cover funeral costs, debts, and even replace your income for years. Hindi ka man yumaman, your legacy becomes:

“Kahit wala si Mama, nakapag-aral kami.”

3 Steps to Start

1. Calculate your “magic number”: Add debts + 2 years’ income + future tuition.
2. Compare policies: Term life is affordable, but whole life builds cash value. Confused? I explain it here: Term vs. Whole Life Insurance: Which Saves You More as a Filipino?
3. Talk to an expert: You have right here, a Trusted Licensed Financial Advisor from the #1 Life Insurance provider in the Philippines, PruLife UK.

If you are interested and wants to plan and secure your financial future now, I'm just a chat away on WhatsApp. Click the link below to connect with me.

Final Truth: Life Insurance is LOVE ❤️

Life insurance isn’t morbid—it’s your love in its purest form.

Love that says, “Kahit mawala ako, hindi kayo mapapahiya.” Don’t wait for miracle or luck. Act today, para bukas, your family can breathe easy.

P.S. OFWs, protect your padala and legacy: Read OFW Guide: How to Protect Your Family with the Right Life Insurance.

📌 One Last Thing:
The information in this article is for general financial education only and is not a financial advice. Insurance needs vary wildly—what’s perfect for your kapitbahay might not work for you. Policies, costs, and regulations change, and investment-linked policies (like VUL) carry risks.

You need a personalized plan that's perfect for you and your family. Don't believe everything you read on the internet and always conduct due diligence. To support my posts, my research and sources are documented on this page. Good luck and always remember, God is blessing you! 💌

~Always at your service, Lex R.