{"id":3204,"date":"2023-10-20T16:17:29","date_gmt":"2023-10-20T15:17:29","guid":{"rendered":"https:\/\/kabayanremit.com\/blog\/?p=3204"},"modified":"2023-10-20T16:27:28","modified_gmt":"2023-10-20T15:27:28","slug":"what-is-insurance","status":"publish","type":"post","link":"https:\/\/kabayanremit.com\/blog\/finance\/what-is-insurance\/","title":{"rendered":"What is insurance?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614486336\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Insurance is a form of financial protection from unexpected life events. Instead of footing the whole bill for repairs, legal fees, medical procedures, or loss, insurance covers a portion of the cost and saves you from taking a chunk out of your savings during emergencies.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614505626\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>So, what is insurance\u2019s components? When looking at insurance policies, you\u2019ll usually see the following:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614529982\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>A premium <\/strong>\u2013 These are the periodic payments you\u2019re required to make to get the coverage promised by your insurance<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614534617\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>A policy limit <\/strong>\u2013 This indicates the maximum amount your insurance will shoulder should an emergency occur. Note: Your insurance doesn\u2019t cover <em>all <\/em>kinds of emergencies, so always read the terms and conditions before setting anything in stone.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614546895\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>A deductible <\/strong>\u2013 This is an amount you\u2019ll need to pay before the insurance policy covers the remainder of the bill.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614578801\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>In summary, when you agree to an insurance plan and consistently pay its premiums, an insurance company will help you pay the bills if you ever experience a loss of employment, an illness, accident, or any situation covered in their contract.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614587203\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Now let\u2019s see how an actual insurance plan looks like.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<h3 style=\"font-size: 24px;text-align: left\" class=\"vc_custom_heading\" >What\u2019s an example of an insurance plan?<\/h3>\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left  vc_custom_1695033685256\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/06\/what-is-an-example.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"what is an example\" srcset=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/06\/what-is-an-example.jpg 1000w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/06\/what-is-an-example-300x180.jpg 300w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/06\/what-is-an-example-768x461.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614797833\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>One example of an actual insurance plan is <a href=\"https:\/\/www.sunlifegrepa.com\/home\/insurance\/health-protection\/sun-grepa-first-aid-plus\/\" target=\"_blank\" rel=\"noopener\">Sun Grepa First Aid Plus<\/a>. According to Sun Life Grepa Financial, this policy \u201cis an affordable health protection plan that provides cash benefits so you can worry less about costly medical bills due to hospital confinement or surgery.\u201d You and your loved ones are also covered in case of \u201cuntimely passing, accidents, and disability.\u201d<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614813161\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Let\u2019s say you get sick and are confined in a hospital for three days. Upon discharge, you are billed \u20b1150,000. \u00a0If your plan covers \u20b1100,000, then you\u2019ll only cover about 33% of the cost instead of the whole amount. Of course, the actual cost of your cash benefits will still depend on the package you choose, but the blow to your wallet won\u2019t be as hard as paying everything out of pocket.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614829120\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>In case of your passing, your family can also get back a portion of the premiums you\u2019ve paid, so they have something to get by even if you\u2019re gone. And on a more positive note, you can also earn back a part of your premiums if you live for longer than the insured period of 10 years.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685614907720\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>So, if you\u2019re wondering what insurance\u2019s importance is, think of it as a way to cut your losses and protect your loved ones in case life throws you a curveball.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<h3 style=\"font-size: 24px;text-align: left\" class=\"vc_custom_heading\" >How do I get insurance?<\/h3>\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left  vc_custom_1695033723472\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/how-do-I-g.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Asians on computer\" title=\"how do I g\" srcset=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/how-do-I-g.jpg 1000w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/how-do-I-g-300x180.jpg 300w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/how-do-I-g-768x461.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615500971\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If you\u2019re ready to commit to an insurance policy, here are three steps to getting the right plan for you:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615524062\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ol>\n<li><strong>Send an application<\/strong> \u2013 The insurance company will evaluate your profile and the risks you pose as a potential client. Based on your profile, they will set your premium.<\/li>\n<li><strong>Pay your premiums <\/strong>\u2013 How often you pay your premiums will depend on your insurance policy. Usually, you pay monthly, quarterly, semi-annually, or annually. See what works for you and make sure to pay your premiums regularly and on time to stay protected.<\/li>\n<li><strong>You\u2019re covered <\/strong>\u2013 If you pay your premiums religiously, your insurance will cover you based on a set term or period. If things go well, you may never need to claim your insurance, but it\u2019s good to hold on to something in case anything happens.<\/li>\n<\/ol>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615581607\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>In case of an emergency that is covered by your insurance policy, you can ask for reimbursement or for them to foot the bill. This is called \u201cfiling a claim.\u201d<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615591462\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>When you file a claim, you will present documents proving your situation to your insurance provider. The provider will then investigate your claim and approve your request once they are sure it is valid.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615603657\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>But don\u2019t go filing a claim for every mishap.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615626881\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>According to <a href=\"https:\/\/www.thebalancemoney.com\/what-is-insurance-5509279\" target=\"_blank\" rel=\"noopener\"><em>The Balance<\/em><\/a>, \u201cIt\u2019s not always worth it to file a claim with your insurance company. If you\u2019ve suffered a loss of a few thousand dollars or less, you might consider paying out of pocket since your claim history is tracked and used to help price your future policies.\u201d<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615655071\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Think in pesos or in the currency of your host country. Can you afford the bill? If it doesn\u2019t hurt to pay for it yourself, go ahead. Better to be strategic with your insurance instead of paying higher premiums in the future.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615697718\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Now you know how to get and claim insurance, but what <em>type<\/em>\u00a0should you get? The answer is <em>it depends<\/em>.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615718159\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Let\u2019s look at the different types of insurance and see which one works for you.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<h3 style=\"font-size: 24px;text-align: left\" class=\"vc_custom_heading\" >What are the kinds of insurance?<\/h3>\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left  vc_custom_1695033748409\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-are-the-kinds.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"what are the kinds\" srcset=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-are-the-kinds.jpg 1000w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-are-the-kinds-300x180.jpg 300w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-are-the-kinds-768x461.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615922461\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>When choosing among the different types of insurance, you\u2019ll need to consider where you are in life at this moment and what you need. Think about the following:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615937573\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Your age \u2013<\/strong> Are you planning for retirement, or are you looking to raise some money for a life milestone (i.e., buying a house or sending your child to university)?<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615952621\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Your health \u2013<\/strong> What illnesses run in your family? Are there health issues you\u2019re dealing with now? Think about what you want to prepare in case you get sick.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615968075\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Your job and lifestyle \u2013<\/strong> Are you a risk taker? Do you travel a lot? Are you running a business? The way you live will help you choose which of the different types of insurance you should get.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685615980035\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Your family situation \u2013<\/strong> Are you single or supporting a loved one? What do you want to prepare for the future?<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616017036\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Once you\u2019ve identified your goals and needs, then you\u2019ll have a better idea of which of these is best for you:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616037195\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Auto insurance \u2013<\/strong> In case something happens to your car, and that issue is covered by your policy; you can get some financial compensation. Some auto insurances also cover another person\u2019s expenses in case you are the cause of their accident or damage.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616056291\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Homeowners insurance \u2013<\/strong> In case your home experiences theft, vandalism, or acts of nature, this insurance has you covered. You may also be required to get homeowners insurance before you can buy a house. If you\u2019re renting, renter\u2019s insurance can protect your property from similar emergencies.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616078550\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Life insurance \u2013<\/strong> Getting life insurance leaves an amount for your beneficiaries after your death. Depending on your plan, life insurance can protect you and your loved ones for 10 to 20 years or for as long as you pay the premiums.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616097953\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Health insurance \u2013<\/strong> This type of insurance covers your medical bills in case you get sick or hurt. Some companies even offer preventive packages so you can get tested or vaccinated.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616273576\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Disability insurance \u2013<\/strong> If you\u2019re sick or injured and can\u2019t work for a time, disability insurance can help with some of the bills.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616285671\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><strong>Travel insurance \u2013<\/strong> If you\u2019re a frequent traveller, you can get this type of insurance in case you get sick or if the airport damages your belongings while in transit. If you\u2019re renting a car or house, travel insurance can protect you in case anything happens to the vehicle or residence during your stay.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n<h3 style=\"font-size: 24px;text-align: left\" class=\"vc_custom_heading\" >What is insurance\u2019s value?<\/h3>\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left  vc_custom_1695033774135\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-is-value.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Value of insurance\" title=\"what is value\" srcset=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-is-value.jpg 1000w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-is-value-300x180.jpg 300w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/what-is-value-768x461.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616318870\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>With all the different types of insurance in the market, you may be wondering if you even need to spend your hard-earned money on any of the plans we listed.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616341802\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>While getting insurance is an extra expense, it may save you from future heartaches and could be a good <a href=\"https:\/\/kabayanremit.com\/blog\/finance\/5-investment-tips\/\">investment<\/a> for you, especially if you already have the <a href=\"https:\/\/kabayanremit.com\/blog\/finance\/5-money-management-tips-for-ofws\/\">budget<\/a> for it. For example, life insurance plans could not only protect you from financial loss but also help you <a href=\"https:\/\/kabayanremit.com\/blog\/finance\/types-of-investments\/\">grow your savings<\/a>.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616356877\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>According to <a href=\"https:\/\/www.investopedia.com\/terms\/i\/insurance.asp\" target=\"_blank\" rel=\"noopener\">Investopedia<\/a>, \u201cDepending on the type of life insurance policy and how it is used, permanent or variable life insurance could be considered a financial asset because it can build cash value or be converted into cash. Simply put, most permanent life insurance policies have the ability to build cash value over time.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616372710\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>It will also be easier for you to get a car or buy a house when you\u2019re ready to mark new chapters in your life.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616395114\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>But money is not your only concern. When you consider getting insurance, you\u2019re also thinking about you your loved ones, their future, and how they can prosper even when you\u2019re gone.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<h3 style=\"font-size: 24px;text-align: left\" class=\"vc_custom_heading\" >Sending money to the Philippines<\/h3>\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left  vc_custom_1695033803825\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/send-money.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Asian sending money\" title=\"send money\" srcset=\"https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/send-money.jpg 1000w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/send-money-300x180.jpg 300w, https:\/\/kabayanremit.com\/blog\/wp-content\/uploads\/2023\/09\/send-money-768x461.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616433185\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>As an overseas Filipino worker, building a better life for yourself and your family will be your top priority. That\u2019s why it\u2019s important to protect your savings.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616455527\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Using a safe money transfer app like Kabayan Remit lets you pay your bills and invest in the future behind the shield of its bank-level security system. With the app, you can:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616485700\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li>Pay your <a href=\"https:\/\/kabayanremit.com\/blog\/finance\/saving-with-sss-peso-funds\/\">SSS<\/a>, PhilHealth, and <a href=\"https:\/\/kabayanremit.com\/blog\/finance\/mp2-savings-and-pag-ibig\/\">Pag-IBIG<\/a> contributions<\/li>\n<li>Pay your monthly auto amortization with Honda<\/li>\n<li>Invest in real estate with Aboitizland, Filinvest, Megaworld, and more<\/li>\n<li>Send your children to college<\/li>\n<li>Pay your insurance premiums with Sun Life Grepa Financial and other companies<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1685616527848\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>To learn more about what you can do with Kabayan Remit, click <a href=\"https:\/\/kabayanremit.com\/\">here<\/a>. You can also talk with our 24\/7 bilingual customer support team <a href=\"https:\/\/kabayanremit.com\/customer-support\/\">here<\/a>.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Insurance is a form of financial protection from unexpected life events. 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