Benefit of Term Life Insurance


A friend is asking my opinion as to what type of insurance she should get. She wants to get life insurance but she will be migrating to another for good so she’s not sure if it’s the right thing to do. Her papers are already being processed but of course, she still wants to insure herself in case anything happens between now and the time that her papers are all processed and she’s ready to go.

What’s holding her back from getting life insurance is the fact that she’s not sure if the traditional insurance would have out-of-the-country restrictions placed on it. So I just told her to get a term life insurance instead.

At least with the latter, her coverage based on a fixed rate of payments is only good for a limited period of time. Once the term expires, she has the option to forego it and just apply for personal life insurance once she gets to the country she’s migrating to.

Lifestyle Mommy Blogger and Virtual Assistant from Cagayan de Oro City, Philippines. Aside from doing product reviews and events coverage, she blogs about solo parenting, homeschooling, and things in between.


  • Girls Furniture

    I’m wanting to put life insurance on my husband. He is my beneficiary and I just feel that it is necessary for us to have this! Ive been searching the internet and I cant seem to find what I’m looking for. Does anyone have a suggestion on which company I should use or how I need to go about this… I got my insurance through my job so I really don’t know how to go about getting life insurance on someone else! Thanks

  • Maica

    Hi! I was a Financial Advisor before dealing with life insurance and long-term investments. You made a good recommendation to your friend. I think she can also get a traditional life insurance as long as the restrictions will be properly disclosed to her. Term life insurance is a way lot less expensive than the traditional ones.

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