Why I chose VUL over BTID

After successfully starting to build up an emergency fund and get a free insurance by opening a BPI Save Up Account, I have decided to avail a more extensive life insurance and to look for ways to let my very small savings grow and not just sleep in the bank. The free insurance coverage that comes with BPI Save Up will terminate as soon as I reach my 61^st birthday. I figured I needed a longer coverage because I think my lifestyle is not that unhealthy and I will do my very best to stay alive beyond 60 years old or even 80. Wow! Another thing is that I really want to commit to using only my BPI Save Up savings in case of real emergency, not emergency leisure travel or whatever. That’s what it is for anyway. I should then have other funds for my personal goals involving #aroundthecountry and #aroundtheworld, charity works, advocacies, leisure, and setting up my own business, and another to fulfill the requests of my loved ones (aside from our needs where a huge portion of my salary goes into). I realized that I should accumulate more than enough money as soon as I can to achieve these things.

It has become my habit for quite some time to read about blogs which can increase my financial literacy. Now, I’m sure I want to have an initial investment and a better life insurance policy. As I read articles on the web, I came across VUL and BTID.