Planning for your future means you must be prepared for what ever life might throw at you. Getting a life insurance plan is a must specially if you are a family man incase the unthinkable has happened and your wife/husband and/or children are left with no one to provide for them.
In the Philippines, most pinoys do not have a life insurance plan. If they do have one they probably belong to the middle or upper class. You really can't blame the lower income earners for not availing a life insurance, getting 3 square meals a day is already challenging enough. I hope the government works together with insurance providers like philam life, prudential life and other major life insurance providers in coming up with a package that will be made affordable even for low income earners.
For those of us who have a life insurance, we must be careful in choosing our insurance providers, dont rush things and carefuly study each life insurance provider for plans that are to our advantage. There are some issues also regarding the payment of our monthly life insurance premiums. One example case is the non remittance of our payment by the collectors. So it is advisable that we pay our monthly dues via credit card, since most big life insurance providers already have this mode of payment.