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June 23, 2024

BDO Life urges Filipinos to drop “Bahala Na” mindset

The life insurance arm of BDO Unibank Inc. led by bankero Nestor Tan continues to urge Filipinos to drop their “Bahala Na” mindset and prepare for the future amid the uncertainties brought about by the COVID-19 pandemic.

BDO Life Assurance Company has started conversations among Filipinos about the importance of creating a Plan B in the form of a life insurance policy rather than the “Bahala Na” or “what will be, will be” attitude.

The emerging leader in the life insurance industry said that the global health crisis has made more Filipinos more vigilant to protect their and their loved ones’ welfare.

“Rather than leave the fate of your family to bahala na, you, as the provider, can create a Plan B or safety net. A life insurance policy is the only financial instrument that will answer for your family’s expenses and emergency needs for a desired period of time, if you prematurely pass away,” BDO Life said.

The experience from facing COVID-19 has taught Filipinos that successful businesses, good jobs, nice houses, cars, happy families could easily be compromised.

According to BDO Life, one’s education, income, business, investments, and savings make up Plan A.

For Plan A to succeed, the wholly-owned subsidiary of BDO said one needs to stay healthy, energetic, and alive long enough to complete these financial goals.

BDO Life provides protection, health, education, savings, retirement, and estate planning solutions aimed to create a secure future for its individual customers and their families.

It also extends comprehensive group term life insurance for corporate clients.