One of the most interesting - and sometimes controversial - financial instruments happens to be the one thing that most Filipinos do not have. Forget about how much money you have in the bank. Forget about the money you keep under the bed or on your piggy bank. Forget about your mutual funds, the money you invest in the stock market, and other instruments that help you make money work for you.
Sure, these things are such valuable financial assets for you and your family. I mean, they help much in achieving the goals you have and realizing your lifelong dreams. But what if you are just starting out with your job and little has been invested on these assets, and then something happens to you, that you get knocked six feet under with your most treasured people in the world - your family - looking down on you as you go ahead and meet your Creator?
If you have any of those financial instruments stated above (and I'm pretty sure you have, or else!), do you think the money you have right now is enough to give back to your loved ones? Do you think the money you have right now can give them the assurance that everything is going to be fine, financial wise when you are gone?
What am I really talking about here? Here's an example.