How To Protect Your Loved Ones Back Home

December 4, 2020

People work abroad to get better career opportunities, earn more and experience a new culture. For most Filipinos, it’s because they want to help their loved ones achieve a comfortable life and a brighter future.

Being apart from your family can make you worry about their health and security. Whether you are single or married, insurance can help you achieve peace of mind, protect your finances and your family’s well-being at a difficult time.

The right time to buy insurance is while you are still young and have a steady income because the premiums are still low. Remember that as you grow older you may develop health problems that can disqualify you from buying a plan.

Younger people who work overseas tend to spend more on house or car payments, education or paying off debts without realizing that a delay on purchasing insurance may put them and their loved ones at a greater risk.

There are different types of insurance products that can soften the financial impact of life’s events such as accident, disablement, major illness or even death. These are:

Health Insurance. In the Philippines, there is Philhealth which pays off part of the hospital bill. So, make sure that you continue your contribution while working in another country. On the other hand, there are private insurance providers where you can purchase HMO and Health Insurance.

HMOs or health cards are renewable every year and can be used in affiliated hospitals or clinics. They cover in and out patient services including dental and laboratory check-ups. For in-patients, HMOs pay the remaining balance in your hospital bill that could not be covered by Philhealth.

Health insurance on the other hand, has flexible payment terms and more plans to choose from. It covers hospitalization and provides cash assistance, which is paid directly to the insured, that can help your family with other medical expenses after being discharged from a hospital.

For an OFW like you, having both HMO and health insurance would definitely make you worry less. You are assured that your loved ones get the right treatment and care that they deserve while you could not be physically present with them during the hour of need.

Read more: Differences of HMO and Health Insurance

Life Insurance. Working overseas brings many risks for an OFW. And since there are people who depend on you financially, how do you think they can cope in case you get terminally ill and pass away?

Life insurance plays an important role in today’s world. It provides income for your dependents even when you are no longer around. It can help them with their basic needs or future educational cost. Most importantly, the Life Benefit could allow them to maintain their current standard of living without having to worry about lost income.

Paramount Direct offers both health and life insurance products for ages 18 to 75 years old. Our products are accepted worldwide, so even you can avail it. We have coverage for individuals, couples or family. The good part is, our premiums are affordable and we have a wide array of products that you can choose from, each designed to meet your specific needs.

Time is ticking. You and your loved ones need the right cover that you can depend on in times of illness, injury or death. Pay and apply online now. Visit www.paramountdirect.com to find out more.

Insurance may not be your priority now. But, when you think of how it can secure you and your family’s future, you’ll realize that getting covered is more than an investment.

Back