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(From Philippine Daily Inquirer)
Byline: Honesto C. General
ASUN IS AN OBSTEtrician/gynecologist and a bosom friend of my anesthesiologist daughter Clarissa. Both work in Ospital ng Makati. Recently, Clarissa brought home a life insurance proposal Asun had received from a financial adviser, actually an agent.
Asun wanted to find out what I thought of the proposal. Asun was being offered a variable life insurance policy, or simply, a variable contract, as opposed to a standard fixed contract.
When you buy a standard 20-year endowment policy, with a sum insured of P100,000, you are actually buying two contracts fused into one. The first …