Life Insurance 101 for Gen Z: What should I consider before I get one?

Let’s be real—insurance isn’t exactly the hottest topic on your feed.

But for Gen Z, it’s not about fear or tradition anymore. It’s about freedom, security, and getting ahead early. Whether you’re building your career, supporting your family, or dreaming of early retirement, life insurance is no longer “for later”—it’s part of the plan to live well now and win long-term.

Here’s what you need to know to make smart, no-BS choices when it comes to protecting your future.

✅ 1. Know Why You're Getting It

Ask yourself:

- Is it to protect your family from future debt or expenses?

- To lock in low rates while you're young and healthy?

- To build cash value over time (if getting permanent insurance)?

- To secure a financial safety net if something unexpected happens?

🎯 Tip: The “why” helps you choose the right type of policy.

✅ 2. Term vs. Permanent Insurance

🎯 Tip: If you're just starting out, term life is affordable and practical. If you want to grow wealth too, VUL or whole life might fit.

✅ 3. Check the Right Coverage Amount

A general formula:

> Coverage = (Annual Expenses + Debts + Goals) × 10–15 years

You might want enough to:

- Cover final expenses

- Pay off student loans or future family needs

- Replace income or help parents financially

🎯 Tip: Even ₱1M–₱3M coverage goes a long way.

✅ 4. Understand the Cost Drivers

Things that affect your premium:

- Age (younger = cheaper 💸)

- Health & lifestyle (smoker? expect higher rates)

- Occupation & hobbies (risky jobs or activities? Higher cost)

🎯 Tip: Getting insured while healthy locks in better rates for life.

✅ 5. Choose a Trusted Advisor or Company

Work with:

- A licensed, transparent financial advisor (✅ that’s me!)

- A reputable provider (like InLife, Sun Life, etc.)

- Someone who helps you understand your policy, not just sell it

✅ 6. Look at Riders & Benefits

These are add-ons like:

- Critical illness coverage

- Accidental death benefits

- Waiver of premium (in case you become disabled)

🎯 Tip: Don’t overload your policy, just choose what matters for your current stage of life.

✅ 7. Make It Budget-Friendly

Start with what you can afford consistently. Even ₱1,000–₱2,000/month can protect your future.

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Want me to do a quick needs analysis or give you sample plans to compare? Click this link: 

https://docs.google.com/forms/d/1ipqZJa-B_r4G21gKL_I1aJI8euKapCqXOiIiVubVRGw/viewform

I’ll walk you through it. No pressure, just smart planning. 😊