Even if you are single and nobody depends on your income, it is still wise to procure life insurance, especially when you are still young. Life insurance is considerably cheaper when you purchase it at a young age. If something happens to you at a very young age, your family won't need to worry about funeral expenses. Some Life insurance also serves as an investment that you can withdraw upon maturity. If you decide to have a family, the life insurance you purchased at an affordable rate will secure them if anything happens to you.
Once you decide to invest in life insurance, there are a few things you should consider. There are numerous Life Insurance companies to choose from, offering different insurance products to fit your needs. Carefully read the details of the products these companies offer and pick one which suits your needs. If you are interested in acquiring insurance, check the comprehensive list below from the Philippines Life Insurance Association Inc.