An Insured Day

Yesterday I found myself buying a whole life insurance over the phone. It was the third time that the telemarketer of my HSBC credit card called in the past two months or so. The coverage started immediately after we finished talking on the phone.

The insurance policy program I bought called iProtect, a partnership of HSBC and PhilamLife, cost Php300+ per month (I can't really remember the exact amount). They said that it will be automatically charge in my credit card and appear in my monthly billing. The total policy amount is 4 million for me and my wife and will cover death, permanent disability and body part dismemberment.

I have yet to see and read the whole policy which will arrive two weeks from now. If I'm not impressed, I maybe cancel it and look for another one.