BDO Life Transforms What Ifs from Challenges to Opportunities

Wednesday, August 12, 2020

     Life is full of “what if” moments—crossroads and decisions that help us fulfill our dreams and realize what we set out to achieve. Each “what if” moment presents us with two possibilities, that which is desirable or that which is undesirable. Our subsequent decisions and actions direct the course of our lives moving forward. Therefore, whenever we face a “what if” moment, are we ready and prepared to make the right moves? One expert who advocates the necessity of financial protection for “what if” moments is Mr. Renato A. Vergel de Dios, President and CEO of BDO Life Assurance Company, Inc. He explains how we can make “what if” moments work to our advantage with the correct mindset.

     “When we are faced with a ‘what if’ moment, we are also confronted with potential benefits and risks. The most reasonable course of action is to make a decision that maximizes the potential benefits and minimizes the potential risks,” he says. Vergel de Dios points out that the entire country experienced a crucial “what if” moment when the pandemic struck. “On top of dealing with our own survival, we also have to help others. Taking an ‘every-man-for-himself’ attitude is unacceptable. We are all in this together. As they say, ‘we must heal as one,’” he says.

BDO Life Transforms What Ifs from Challenges to Opportunities
Mr. Renato A. Vergel de Dios, President, and CEO of BDO Life Assurance Company, Inc.

A Protection Mindset

     According to Vergel de Dios, “We expose ourselves to greater risk if we don’t understand a potential threat or choose to ignore it. For example, now that COVID-19 is here, are we going to behave like before? Will we refuse to wear masks, touch our faces with unwashed hands, or gather together in a closed environment? Those who ignore current health protocols neither recognize nor accept the consequences of the threat to themselves and others,” he adds. 

     This is why Vergel de Dios advocates a way of thinking and living that is proactive as well as protection-oriented. Insurance awareness and belief are about having a mindset that recognizes the risks and uncertainties of life, accepts that such perils could harm us, and compels us to act in order to protect ourselves and our loved ones.

From the Ludicrous to the Serious

     Vergel de Dios has probably heard all the possible reasons for people who don’t want to adopt this protection mindset when it comes to insurance. To get them to think otherwise, he sometimes resorts to ludicrous analogies that drive home the real wisdom of his point. “When you buy car insurance, do you pray to have an accident so you can get your money’s worth? How about fire insurance? When it’s time to renew your coverage, do you ever feel bad your house didn’t burn down? Of course not,” he says.

     Insurance as a financial protection instrument, Vergel de Dios says, has an ironic side. “Life insurance is something you need but would rather not use. Sure, there’s a cost to pay for such protection, but would you rather that your family pay a higher price when you fail to maintain adequate insurance coverage.” Vergel de Dios continues: “You get insurance primarily for financial protection. Some insurance products also provide investment opportunities. To me, the potential investment earning component, while is highly desirable, is a bonus. By this, I mean that you shouldn’t relish the bonus benefit more than the primary benefit. Think of it like a cake. The investment feature is the icing while the protection coverage is the body. You share and enjoy the entire cake. The icing is just the extra satisfaction on top,” he says.

Insurance Helps Achieve Our Dreams

     Now that we are in a period of crisis, it’s time to re-examine our beliefs and plans. Your specific future goals in mind such as buying a house, having the funds to finance your children’s education, family overseas trips, or retiring securely—that’s your Plan A, your offense strategy. Vergel de Dios asserts that insurance should be part of one’s overall financial preparedness program. It’s your Plan B, your defensive strategy that will ensure that your aspirations can be achieved even if untoward situations should arise. 

     “If you secure insurance as part of an overall life goal or dream that you want to realize, then you will see it as part of a greater context: that of achieving the life you want for yourself and those you love. Whatever may come next, your ‘what if’ moment moves forward, broadens, and becomes a source of hope instead of anxiety.”

     “With insurance, the ‘what if’ worries and consequences of dying too soon become a way to move forward with optimism and security. And even if the risk passes without having to avail of your insurance protection, it doesn’t mean you lost money. Rather, because you remained healthy, safe, and protected, you had the time, energy, and fortitude to fulfill your financial goals,” 

     Such is the power of a “what if” that is turned from a risk into an opportunity.  
#BDOLifeGotYouCovered #ReadyForWhatIf

     BDO Life has financial advisers ready to help you turn the “what ifs” in your life into a way to make your goals and dreams a reality: whether it’s buying a house, getting an education, protecting your health, or providing a secure and worry-free future for your loved ones. It’s so easy. You can get in touch with them at You can also reach BDO Life Financial Advisers right at a BDO branch near you. Ask about BDO Life now at your BDO branch. 


  1. Yes mommy Kath sa buhay po tlaga natin di maiiwasan na may mga "what ifs" po tayo. Lalo na po if we're making a decisions or plan in our life. And just like what you've said mamu hindi natin malalaman Kung di po natin susubukan.😊 And BDO life insurance answers all our "what ifs" in life. Maganda po tlaga pag secured and protektado tayo and our loved ones. Especially this time of pandemic. 😊 For our families health and future dapat talaga may insurance momshie Para po worry free.😊

    1. Hi Erica,

      Tama lahat ng sinabi mo. Thank you so much for sharing your thoughts. This is really helpful talaga para sa future natin kaya if you are looking for a financial partner, consider BDO :)

  2. Marami po talaga tayong what ifs sa buhay kaya isa si BDO sa mga tutulong sa atin sa mga what ifs natin sa buhay.. Lyka (mitra) Baqueros

    1. Hi Lyka,

      Yes, tama yan. Thank you for sharing your thoughts here.

  3. Joyangelique BalletaAugust 16, 2020 at 1:15 PM

    Sa panahon ng pandemic hindi tayo dapat naka stuck lang , dapat gumagawa pa rin tayo ng paraan para tayo ay maging secure lalo na para sa mga anak natin, lalo na ngayon hindi natin alam kung kelan ba matatapos ang pandemic na to. Dito na papasok ang mga “What if’s” natin sa buhay
    Paano na ang trabaho ko?, paano ang pag aaral ng mga anak ko? Paano na ang pangkabuhayan namin? Pero sabi nga nila kung hindi natin susubukan, hindi natin malalaman, mas maganda nang kumilos kesa sa nag antay lang, Tayo pa rin ang tutulong para sa sarili natin. Kaya ang laking tulong talaga ni BDO dahil tinutulungan nya ang mga tao para ma secure ang future ng ating mga anak. Isang aral na ang pandemic na ito na walang permanent na dapat mas pagbutihan pa natin ang pag iipon para secure tayo sabpanahon na tulad neto , lalo na mga magulang tayo na iniisip ang future ng ating mga anak

    1. Hi Joy,

      Yes, tama lahat ng sinabi mo. Hindi mawawala yung mga "what ifs" natin sa buhay pero dapat maging handa tayo sa lahat ng pagsususbok na dadaan. Mas maganda na expect na natin yun at maging prepared tayo sa mga mangyayari, maliit man o malaki. Dapat humanap din tayo ng financial partner natin na tutulong sa atin mag-start mag-plan para sa future.


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