FACTORS AFFECTING INVESTMENT IN LIFE INSURANCE OF BUSINESS POSTGRADUATE STUDENTS

Individuals are faced in making sound financial decisions such as investment and how to manage different types of risk. They require financial literacy to understand Life Insurance as a form of risk management tool and investment. The purpose of this study was to assess the factors affecting the investment decisions of business postgraduate students in acquiring life insurance. This is to address the issues of having a financial breakdown due to non-establishment of security and emergency funds before putting hard-earned money in riskier forms of investment.The study was conducted on 237 Master of Business Administration (MBA) students of Polytechnic University of the Philippines.Majority of the policyholders perceive that life insurance is a multifaceted investment that functions as an income and savings in the future, a retirement fund and a protection coverage on health.