5 Ways To Build A Better Future For Your Family

7:59 PM

If there is one thing the past year has shown us, it’s that uncertainty is always just around the corner.

For many of us, experiencing a pandemic was a lesson in preparedness, teaching us that the best way we can be ready for anything is by protecting ourselves, our family, and our hard earned savings, so we can continue to enjoy life and fulfill our dreams no matter what. 

AIA Philam Life remains committed in helping Filipino families prepare for the future, through products that protect loved ones from sickness and death, and those that address their long-term savings needs through viable investments. Without a doubt, the country’s premier life insurance company is living its Purpose by creating products that help Filipino families live Healthier, Longer, Better Lives. 


AIA Philam Life CEO Kelvin Ang and AIA Investment Management Head of Funds Shrikant Bhat recently shared with us five important tips from their personal experience as fathers in making sure the family’s finances are well managed and secure.


#1 Know your why


When setting a financial goal, one first and important aspect is to know the reason behind this goal as your source of inspiration and motivation. For parents, this is usually their children. When they are tempted to deviate from their goal, they only need to remember that they are doing this to fund, for example, their child’s education. And that’s enough reason to strengthen their resolve to stick to their goal.


Kelvin shares with us an important lesson he learned when it comes to family financial planning. “Building up your savings can be a big challenge especially while taking care of the family, so it’s important to establish your reason why. Your purpose for saving must be clear and emotional. Without a good reason why, it will be hard to exert self-discipline and motivate yourself. Knowing your why will help you be more focused with your goals and plans.”


#2 Ask help from the experts


Another important tip in making sure the family’s financial plan is set in place is seeking the help of professionals, and for this matter, financial advisors. Their experience will save you time by giving you the right information you need when it comes to managing your finances. 


Shrikant emphasizes the importance of consulting experts to help you prepare and eventually implement your investment and savings plan. “It is vital to understand one’s life stage, financial situations, goals and investment horizon before setting foot to plan and invest.”


#3 The best time to start is now


Shrikant stresses the importance of getting started and being open to trial and error at the start. “It is normal if one is unable to fulfill or implement all your plans at one go. What is more important is to get started and review one’s plans along the way. This is what we term as ‘Start Small, Start Now,” he shares. 


Financial planning takes time and the family’s situation may change or evolve, such as when the kids start growing and other needs have to be considered. Shrikant adds how over this period of time, the family can put more resources into planning and revisiting the family’s plans.


#4 Always look at the long-term


When it comes to family finances, long-term planning plays a vital role. It may be a long shot and requires years of saving and hard work, but this is one way to ensure that you are actually achieving your goals for your family. Having a long-term plan also allows you to build your short term plans.


“A common mistake many individuals commit while planning for their family is to focus on immediate goals such as your children’s education or buying a house and neglecting planning for the longer term goals such as your own retirement,” Shrikant shares. He stresses that long-term planning helps us see our goals come into fruition. 


“The effect of compounding over time is our greatest ally to get us to where we want at the end of the day. Which is why every family should apportion their financial resources and start planning to move closer towards the different goals they have set for the various stages in their life,” he adds.


For Kelvin, he highlights the importance of setting aside your savings for the long term and staying disciplined, which will be worth it in the end. “Choose a savings vehicle that will compel you to have ‘forced savings’, one that will discourage withdrawal until needed. Saving and investing in the long-term will minimize risk and maximize return.”


#5 Be prepared


Lastly, one important tip is to always be prepared by setting aside emergency funds for unforeseen events. The general rule of thumb in building a sound financial plan is to set aside between 3 to 6 months of your family’s monthly expenses. This way, the family’s cash flow is protected and secure even when the unimaginable happens.


A Secure Family Financial Plan with AIA Philam Life


Another tip in being prepared is to find the right tools and vehicles to keep the family’s finances safe and secure like AIA Future Builder, a new variable life insurance plan which helps parents protect their future, no matter what life brings. This plan secures and grows their hard-earned savings for the future while protecting them from risks. 


With AIA Future Builder, 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, total & disability, and personal accidents as well as additional benefits through optional riders.


On the side, parents can also enjoy wellness benefits as AIA Future Builder is powered by AIA Philam Life’s science-backed wellness program, Philam Vitality. Through this program, parents who are able to sustain healthy habits are incentivized with additional cash benefits and other rewards. At the same time, the product is also easier on the family budget through its various payment terms, with 5, 10 or pay-to-age 65 variants.


With these simple tips in mind and a perfect partner in AIA Philam Life, families can enjoy Healthier, Longer, Better Lives through a sound financial plan with AIA Future Builder.


Click here to learn more information about AIA Future Builder or visit AIA Philam Life’s Facebook page, email philamlife@aia.com, or call (02) 8528-2000.



26 comments:

  1. Talagang importante mapag handaan ang future ng family natin.

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  2. Napakahalaga po talaga sa isang pamilya ang may investments like insurance. Kung ano man ang mangyari eh maging prepare.

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  3. Yes Very Important Po Talaga Mommy ang May Investment Lalo Na May Mga Anak Tayo .... Kaya Pag May Tinabi Ka May Madudukot Ka 😍

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  4. Pag may family ka na need mo talaga isipin ang future ng mga anak mo,better future ,sa hinaharap

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  5. Best investment for the family. Thank you for sharing this, Mommy. 😊

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  6. Super importante talagang mabigyan ang family natin at ating mga kids not.only for life insurance but also for education,our home and all things that we manage at pinagsikapan.��

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  7. My kids are my priority that is why this is really good for them especially sa future nila. We may never know what will happen. Wala naman masama mag-prepare for them.

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  8. I AGREE 100% MAGANDA ITONG AIA PHILAM LIFE PARA SA KINABUKASAN NATIN AT SA KINABUKASAN NG MGA MAHAL NATIN SA BUHAY. MAGANDA TLGA NA MERON TAYONG INVESTMENTS MAGANDA ANG NAKA PLANO NA LAHAT LALO NA DINATIN ALAM SA PANAHON NGAYON ANG MGA AKSIDENTE AY BIGLAAN LANG DUMADATING. HIGHLY RECOMMENDED THIS AIA PHILAM LIFE ❤️❤️❤️❤️❤️❤️❤️❤️

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  9. Good assurance for the future of our family❤Invest wisely and be prepared.

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  10. THIS IS SUPER IMPORTANT TO SECURED THE HEALTH OF OUR FAMILY, NOT ALSO THE HEALTH BUT THE FINANCIAL CAPCITY OF IT .

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  11. This is very helpful and significant tips from AIA PHILAM LIFE.I agree that in building a family ,one must prepared for a best future.As a parent, I realize that it is not easy to raise a family.We should be physically, emotionally, and most of all financially ready.This pandemic has taught us many lessons like to augment our budget in emergency fund and we should be stash ready for the next crisis.Looking for the best life insurance that will offers financial preparedness and peace of mind when the inevitable happens is the best plan to do.

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  12. We as a parents always want the best for our Kids. We want to secure their
    Future. Good investment indeed. This is great news to us Mommy.thank you Philam Life insurance.

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  13. Napakahalaga ng mga tips na naibahagi sa blog na ito kase as a parent isa ito sa mga goal natin, ang magkaroon ng investment plan. At syempre dapat mag invest tayo sa siguradong magbibigay ng magagandang plan o swak sa anong gusto nating plan like AIA. Sa mga trusted company like AIA dapat tayo mag invest para di masayang ang ating mga pinagpaghirapan.

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  14. Ang ganda nito para sa future ng family may investment at insurance secured ang future ng buong family 💝

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  15. This insurance is what we need this time not just for ourselves but also para na din sa mga mahal natin sa buhay.

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  16. Mahalaga tlagang napapagplanuhan ang kinabukasan dahil hndi naman natin alam kung ano ang mangyayari sa hinaharap ,buti nlng at may ganto na ngayon na AIA future builder ,malaking tulong nito satin bilang mga magulang kasi hindi lng plano para sa savings ,meron ding kazamang insurance.

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  17. I like no. 3, "Start small, start now." I could not do it then, but it's not too late now. One goal at a time.

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  18. Mahalaga po talaga paghandaa. Ang future ng pamilya natin lalo na ngayon pandemic

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  19. AIA PhilAm Life is always making a solution/way to give us the best opportunity to invest and save, to make our family future more stable and secured. In this time pandemic, AIA PhilAm Life is the best and perfect partner to start a financial plan.

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  20. its important po talaga na pag isipan pag aralan at paghandaan ang investment like insurance thanks for this informative and helpful article. must read and shared.

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  21. Super ganda po talaga sa isang Pamilya ang may invest , para secure ang pamilya anu man ang mang yare 🥰

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  22. Maganda at napakahalaga talaga na magkaron ang bawat pamilya ng investment o insurance para mapag handaan at ma secure ang future ng pamilya lalo na ang mga anak natin. Dapat Lang tayo ay maging handa..

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  23. Napakaimoprtante sa pamilya ang investment kaya dapat lahat ay nagtutulungan

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  24. Family deserves a better future kaya maganda tlga nagiinvest tayo sa ganito magAia Philam life

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  25. Importante din talaga ang pagkakaroon ng insurance,Kampante tayong secure ang future natin lalo na ang mga kids.

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  26. AIA PhilAm Life is always making a solution/way to give us the best opportunity to invest and save, to make our family future more stable and secured. In this time pandemic, AIA PhilAm Life is the best and perfect partner to start a financial plan.❤️

    ReplyDelete

God Bless & Stay Safe!

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