Many Filipino working adults find themselves raising children, caring for aging parents, and planning their own future all at once. This group, known as the sandwich generation, stretches finances across two generations daily. Being a breadwinner is already demanding, but an unexpected illness, disability, or job loss can threaten not just personal plans, but the stability and goals of the entire family.
This is where having a solid Plan B matters, and life insurance serves as a critical safety net. A recent Synergy-YouGov study shows Filipinos now view insurance not only as a personal choice but as a key family responsibility. Health protection tops the list of concerns, followed closely by retirement planning—driven by a desire to remain independent and not become a burden to relatives.
The research also highlights how deeply family-oriented financial planning is in the country. About 35 percent of those considering insurance cite funding their children’s education as a main reason, while 34 percent aim to support parents or relatives. Both figures reflect the dual pressures many Filipinos navigate.
“Many Filipinos today carry the responsibility of supporting both the next and previous generation. Life insurance helps ensure that no matter what happens, their families can continue pursuing their goals and meeting their needs,” said Renato Vergel De Dios, president and CEO of BDO Life. He added, “Ang pamilya mo ang nangangailangan ng Plan B.”
For those looking to secure their family’s future, BDO Life offers accessible guidance. Interested individuals may consult a financial advisor at the nearest BDO branch or visit the BDO website’s Get a Quote page to explore insurance options suited to their goals and budget.
