I have a senior and almost senior parents and they both don’t have life insurance or any insurance at all. I doubt din na they have enough savings for retirement or kung magkasakit sila.
Part of me wants kumuha ng life insurance for them. Purpose ko is if they ever graduate na sa earth, di ako mahihirapan sa gastusin.
The other part of me says na wag nalang kumuha. Kasi upon research, yung term insurance is insured up to age 70 or 75 lang. I feel like it doesn’t really answer my need kasi what if they outlive it.
Then yung mga insured until 100 is usually VUL, which doesn’t suit my need kasi I don’t need the investment component. May mga hindi VUL din but may extra benefits na di ko kailangan. Both are pricey din.
Should I just save for it nalang ba?