With the economic crunch going on, we see a lot of companies folding up due to bankcrupcy or mismanagement.

Here in the Philippines, there is a huge problems with pre-need plan companies who spent the money on yatchs, sports cars and frivolous mansions had money invested by people go up in smoke.

For me, I still believe in the idea of getting a term life insurance but I have to know the stability of the company first and the qualifications of the people running the company before I do.

After all, these kind of business rely on trust and it would do well if that is established early on.

This entry was posted on Sunday, February 22nd, 2009 at 9:43 am and is filed under Bits and Pieces, Information, Lessons in Life. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.