Sorry if what i posted sounded like sinisiraan ko ang insurance/pre need businesses.
I'm a nobody with no credibility and no influence whatsoever... so what i posted will have absolutely zero effect on the industry or anyone's job.
Im too insignificant to do any damage to anything or anyone.
I'm just expressing my views on something simple but made to look impressive, complicated and sophisticated by businessmen, finance and math geniuses.
Ok... so insurance and pre need are governed by different govt agencies and do not operate under the same guidelines...
But basically, the insurance and pre need business are similar coz they sell people peace of mind. Actually, promises. Promises that result in people having peace of mind.
People worry about their future.
What if i die, what if my car gets stolen or gets wrecked, what if i get sick, what if my house burns down, what if i cant afford my child's education...
Now there's something one can make money out of... calming people's worries...
"Pay us some money every month and u have nothing to worry about... kami bahala... promise."
That's it. That's the business.
Last edited by uls; January 30th, 2008 at 05:21 PM.