It is the poor people who needs insurance rather than the wealthy people. Ironically, those people who are well-off are the ones getting insurance coverage. As we all know, insurance coverage is your protection to unexpected expenses. Furthermore, to help those who will be left behind in case of a death of a love one. Evidently, the poor needs this protection more than the wealthy people. Years ago, only 15 percent is covered with life insurance in the Philippines. It may have improved now but nothing compared to Japan where the coverage already reached 105 percent. The two major insurance companies in the country are GSIS and SSS. Unfortunately, farmers and a large section of the country are not covered.