Imagine this:
"You and your wife are both in your late 20's, married for seven years and have a five year old son. Both of you have a combined annual income of Php 70,000 and your plan is to save at least Php 250,000 to pay for your son's tertiary education. You also have a few investments , extra incomes and have estimated that you could reach your goal in about 10-12 years. You believe that you have a perfect financial plan. However, driving home from work one day, you are involved in a tragic car accident and may not be able to work again for years to come. What happens to your perfect financial plan? The point here is that, one unexpected event can cause the best financial plan to become completely worthless, if you do not have insurance."