Termpaper on Status of Life Insurance in the Philippines
METHODS OF RESEARCH
(MIDTERM EXAM REQUIREMENT)
SUBMITTED BY : JANICE I. ARIZOBAL
MBA-M3
CBIBE
DATED: NOVEMBER 20, 2012
SUBMITTED BY: PROF. MICHAEL CABRA
PHILIPPINE WOMEN’S UNIVERSITY
DISTANCE EDUCATION
IMPORTANCE OF LIFE INSURANCE TO FILIPINO SOCIETY
ABSTRACT
This research and study is intended for future researcher’s reference and insights of the importance of life Insurance in the Philippine Society. the first part contains the history of Insurance in the Philippines, Statements of what Life Insurance is, the types of Insurance, its advantage and disadvantage.
The research also includes the present situation of Philippines society in Insurance investment. the misconceptions and common mistakes of most Filipino on not having Life Insurance.
The significance of life Insurance to our Government and some recommended solutions regarding Micro Insurance.
INTRODUCTION
Why do other countries have sufficient and order when it comes to their emergency needs, is it because they have high income than us (Philippines) or is it because of relative povery and illiteracy of the situation in our environment. This issues are common questions on our government… base on research
an article stating that Singapore has the highest concentration of millionaires in the world with 16 percent of its households having at least $1 million in assets, as determined by a study released by the Boston Consulting Group.
Switzerland comes next on the list with 9.9 percent of its households having $1 million in assets. Hong Kong comes in at fourth with 8.7 percent and the United States is at 7th with 4.5 percent.
Don’t even ask where the Philippines ranks as I can’t seem to find it in the news feeds… ouch!
The answer to the question of why
(MIDTERM EXAM REQUIREMENT)
SUBMITTED BY : JANICE I. ARIZOBAL
MBA-M3
CBIBE
DATED: NOVEMBER 20, 2012
SUBMITTED BY: PROF. MICHAEL CABRA
PHILIPPINE WOMEN’S UNIVERSITY
DISTANCE EDUCATION
IMPORTANCE OF LIFE INSURANCE TO FILIPINO SOCIETY
ABSTRACT
This research and study is intended for future researcher’s reference and insights of the importance of life Insurance in the Philippine Society. the first part contains the history of Insurance in the Philippines, Statements of what Life Insurance is, the types of Insurance, its advantage and disadvantage.
The research also includes the present situation of Philippines society in Insurance investment. the misconceptions and common mistakes of most Filipino on not having Life Insurance.
The significance of life Insurance to our Government and some recommended solutions regarding Micro Insurance.
INTRODUCTION
Why do other countries have sufficient and order when it comes to their emergency needs, is it because they have high income than us (Philippines) or is it because of relative povery and illiteracy of the situation in our environment. This issues are common questions on our government… base on research
an article stating that Singapore has the highest concentration of millionaires in the world with 16 percent of its households having at least $1 million in assets, as determined by a study released by the Boston Consulting Group.
Switzerland comes next on the list with 9.9 percent of its households having $1 million in assets. Hong Kong comes in at fourth with 8.7 percent and the United States is at 7th with 4.5 percent.
Don’t even ask where the Philippines ranks as I can’t seem to find it in the news feeds… ouch!
The answer to the question of why