Filipino perception on life insurance

• Main Author: Tamayo, Byron I.
• Format: text
• Language: English
• Published: Animo Repository 1997
• Subjects: Insurance; Life > Philippines; Political Science
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/2362
• Institution: De La Salle University

Life Insurance is very important, both in the lives of every Filipino, and in the development of our country. It is very important in the lives of every Filipino because it protects their loved from financial loss whenever an insured suddenly passes away. Life Insurance provides economic security to those people who are insured. Life Insurance serves many purposes. It gives the family continued income even after the insured retires from work. It also provides the family payments in case the family has load and debts. Even though life insurance is very significant to both the people and the Philippines. Only 11 % of the total population of the Philippines is insured compared to other developed countries. (Quimpo-Espino, 1996). Why is the figure low? The research is mainly concerned with the perceptions of faculty of De La Salle University towards life insurance. It will seek to identify if the socio-demographic variables such as sex, age, marital status, number of dependents, and overall income affect their perception of life insurance.