Cathy Santos, a courageous single mother, and small business owner, took decisive action to protect her daughters’ future amidst the ongoing COVID-19 pandemic. Her story is a testament to the power of love and thoughtful financial planning in the face of adversity.
During a visit to her BDO branch, she was able to talk to a BDO Life financial advisor (FA) seeking life insurance policies for her 2 daughters. She wanted to provide her children a financial head start they can use for personal pursuits as they got older.
The BDO Life FA noticed Santos’ commitment and sense of responsibility and offered her, instead, to get a life insurance policy for herself as the sole breadwinner of a single-income household.
After much thought, Santos found it logical to listen to her FA’s advice and took out a life insurance policy for herself. Despite the financial strain that the added premium would cause, safeguarding her daughters’ financial well-being was her top priority.
While her parents dissuaded her from taking additional financial burden, she maintained her policy which, for her, was a sound decision that gives her peace of mind knowing that whatever happens, her daughters would be protected.
Santos were among the unlucky victims who succumbed to COVID-19 in 2021. The life insurance policy she labored to pay for took care of her final expenses with enough remaining funds to cover for her daughters’ needs over the next few years.
Nothing can bring Cathy back to her daughters. Yet her life insurance policy, serving as her Plan B for life, enabled her to continue providing for her daughters—a symbol of her love transcending life itself.
Cathy’s inspiring Plan B journey with BDO Life keeps is a reminder that love for family need not be limited to this lifetime. With proper financial planning and the right insurance plan, one can ensure that their loved ones will continue to be taken care of, even if they’re no longer in the picture.