BDO Life chief: Filipino families need a ‘Plan B’ for financial security

The economic landscape heavily influences investment-linked life insurance plans, but traditional life insurance continues to offer stability.

In a statement, Renato Vergel De Dios, president of BDO Life Assurance Company Inc., underscored the company’s advocacy for traditional life insurance and promotes the idea of a “Plan B” for financial security.

De Dios highlighted how the gap between projected and actual GDP growth indicates uncertainty, from pandemic challenges to favorable economic periods.

BDO Life president Renato Vergel de Dios
"A Plan B represents financial protection, helping mitigate risks for families."

He emphasized the critical need for a Plan B, particularly for families facing the loss of a breadwinner during uncertain times.

“A Plan B represents financial protection, helping mitigate risks for families,” he explained.

BDO Life encourages Filipinos to visit BDO branches and consult financial advisors to create a personalized Plan B. For those who prefer a hands-on approach, BDO Life’s online tool, Get A Quote (GAQ), enables users to calculate a customized life insurance plan based on their financial goals and budgets.

With the backing of BDO Unibank, BDO Life offers a wide array of life insurance products covering health, education, savings, and retirement, providing comprehensive solutions for Filipino families.

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