Breadwinners with dependents.
If someone relies on your paycheck for rent, food, or school fees, that income needs a backup.
Manila Bankers Life · Member rates
Life insurance is income replacement — not a bet on dying.
Manila Bankers Life, available through IMG at member rates. For the years your family depends on your paycheck.
What this is
Your income is your family's most valuable asset.
If you are the breadwinner, your income is your family's single most valuable asset. Life insurance replaces that income if the income stops. That is the whole product. There is no other reason to buy it.
Who this is for
Four situations where life insurance applies.
OFWs supporting family in the Philippines.
The family relies on the remittance. Insurance replaces the remittance if the income stops.
Parents covering children's education.
Tuition for the next ten years is a fixed commitment. Insurance ensures it is funded even if the earner is not present.
Anyone with debt the family would inherit.
A mortgage, a car loan, a business loan. If the debt would fall on family members, insurance covers the transition.
The two problems it solves
Die too soon. Or live too long.
If you die too soon.
The mortgage is paid. The children's education is funded. The family stays in the house. The household does not go from two incomes to zero overnight.
If you live too long.
Whole-life plans with a cash value component supplement retirement savings. Not a replacement for funds, but a supplement.
Two structures
Term life or whole life. Different jobs.
| Product | Term Life | Whole Life |
|---|---|---|
| Coverage period | Fixed years (10, 15, 20) | Lifetime |
| Premium | Level for the term | Level for lifetime |
| Cash value | None | Accumulates |
| Best for | Income replacement during working years | Permanent coverage plus savings |
What this is not
Common misconceptions.
Not an investment.
Whole-life cash value is a supplement, not an investment strategy. Funds and mutual funds do the investing.
Not a lottery ticket.
Insurance pays for one outcome: the earner is gone and the family needs replacement income. There is no winning.
Not a way to get rich.
Anyone who frames life insurance as a wealth-building product is selling you something else.
Price
Rates depend on age, term, and coverage amount.
Manila Bankers — Member rate
₱—
- Member rates are lower than the same coverage quoted directly.
- Term life for pure income replacement — the lower-cost option.
- Whole life for permanent coverage plus cash value.
- Paid monthly or annually.
Questions
What people ask before buying.
Do I need life insurance if I have no dependents?
Usually no. The Roadmap Session will tell you whether it applies to your situation.
What is the difference between term and whole life?
Term is cheap, temporary, and pure income replacement. Whole life is permanent and includes a cash value.
Can I change my coverage later?
Options depend on the policy. Confirmed at application.
What about VUL?
VUL combines insurance and investment. It is one option — the Roadmap Session will tell you whether it fits.
Next step
Request a life insurance quote at member rates.
No obligation. Quote is personalized by age, coverage amount, and term.
Reply within one business day.
Related