The ongoing pandemic made us realize many things. Health is important. Being financially secure is a must. Preparedness is key. AIA Philam Life remains committed in helping our countrymen achieve stability through products that protect family members from sickness and death, and those that address their long-term savings through viable investments. The company’s main goal is to aid Filipino families live Healthier, Longer, and Better lives.
How can you be part of the growing community that has entrusted their families’ future in the capable hands of AIA Philam Life? Here are the five ways to help you secure your finances as shared by CEO Kelvin Ang and Investments Head of funds Shrikant Bhat:
1. KNOW YOUR WHY
When setting a financial goal, it’s important to know your intention behind it. More often, parents set money goals for the sake of their children. So when the temptation comes up to deviate from the goal, they are motivated to stay the course because the kids’ future must be secured at all costs.
According to Mr. Ang, “ Building up your savings can be a big challenge especially while taking care of the family. Knowing why you’ve set financial goals will help you focus on making your plan a success.”
2. ASK HELP FROM THE EXPERTS
The guidance of competent professionals and advisors will save you time, and most important, disappointment. Shrikant emphasizes the importance of having the right people in implementing your investment and savings plan. “Before investing, it’s important to understand one’s life stage and financial situations.”
3. NOW is the BEST TIME to START.
Start small and start now. Financial planning takes time and changes as the family’s situation evolves. Kids start going to school, finishes school, graduates etc. The family can put more resources into planning when their circumstances allow them to.
4. ALWAYS LOOK AT THE LONG-TERM
Having a long-term plan allows you to build your short term plans. “A common mistake many individuals commit while planning for their family is to focus on the immediate goals such as your children’s education or buying a house, for example. Planning long-term for one’s own retirement is put in the backseat.” Shrikant recommends to look at the big picture. Long term planning helps us see our goals come to fruition.
“Every family should start to apportion their financial resources and start planning to move closer to plans that focus on their future selves. CEO Mr. Ang adds, “ Choose a savings vehicle that will compel you to have “forced savings”, one that will discourage withdrawal until needed. Investing in the long-term will minimize risk and maximize return.”
5.BE PREPARED
Set aside emergency funds for unforeseen events. That means you must always have a fund that amounts to 3-6 months of your family’s monthly expenses. This way, the family’s cash flow is protected when a crisis arises.
A SECURE FAMILY FINANCIAL PLAN with AIA PHILAM LIFE
Have you heard of AIA Philam Life’s Future Builder, a new variable life insurance which helps parents protect their future, no matter what life brings? This plans secures and grows while protecting them from risks. With this plan, families can maximize their savings potential with the option to diversify their investments through either locally managed or globally exposed funds. The plan also comes with basic insurance protection for life, disability, and personal accidents.
On the side, wellness benefits can also be enjoyed by the parents. Future Builder is powered by AIA Philam Life’s science-backed program Philam Vitality. Parents who are able to keep themselves healthy ae incentivized with additional cash benefits and other rewards. Payment shcemes are also easy on the pocket with 5, 10 or pay-to-age 65 variants.
Get a sound financial plan with the help of experts from AIA Philam Life NOW.
Visit the company’s Facebook Page, email [email protected] or call (02) 8528-2000 .
With a pocketful of glitter,
