Put yourself at ease by protecting those you love
03 November 2017
It’s easy to get caught up in your responsibilities at work and at home that you fail to pay attention to other areas of your life like investing. Sometimes, it takes time before you realize that you should have started building your investments earlier.
The truth is, it’s never too late to invest. Whether you are nearing your 50s or just turned 50, you are still capable of investing as you were 20 or 30 years ago.
Look at the bright side of it. Today is a good time to assess what you already have, invest in what you have yet to acquire, and make projections for your upcoming retirement.
Here, we give you the lowdown on where you should be investing as you reach your golden age.
While there’s no mandatory retirement age in the Philippines, at some point in your life, you will feel that it’s time to retire and focus on yourself. This usually happens by the time you hit 60. That said, you are more or less 10 years away from retirement. Hopefully, you have a definite retirement plan in place by now to be able to maintain your living standards.
Pooled funds, which include mutual funds and unit-linked funds, are an attractive option due to their high return rates. But just like other investments, risks are present.
In pooled funds, you and other individual investors put your money in stocks or bonds chosen by the fund manager. As you continue investing, your money can grow and accumulate over time, reaching an amount ideal to support your retirement.
Being ready for unexpected things in life can free you from all kinds of worry. This is what life insurance is made for. It’s like your security blanket when untoward events come your way.
Investing in a life insurance policy means protecting your dependents or loved ones from going into a financial slump on rough times. Most life insurance products in the Philippines grant funds to the insured person’s beneficiaries under hospitalization, disability, or death benefits.
Also, life insurance is more accessible today since you can now buy it from your trusted banks like BPI.
You should know by now that you are not getting any younger. It’s only practical to be more conscious of your health status.
Investing in health insurance like Critical Care Max guarantees you with financial benefits to help cover unforeseen hospital and medical bills. This can spare you and your family from bank-breaking medical emergency costs, which are typically the case for critical illnesses.
With health insurance, you need not worry about other things, and it’s easier to focus on getting better.
Aside from being a tangible investment, real estate appreciates in value over time. Since it’s impossible to build more land, the demand for space and properties continues to rise, along with prices.
If you do not plan to use it, a real estate property like a condo unit or a house and lot can provide you with additional sources of income by renting it out or reselling it at a higher price. However, if you have plans on leaving your properties to your loved ones, consider securing your legacy through asset protection plans. This frees them from the burden of settling estate tax with enough cash.
Investment is not limited to finance-related products. At 50, you deserve to enjoy life at its fullest. Invest not only in things but also in experiences.
Create wonderful memories with your family and friends. Travel with them, eat meals together, have weekly movie dates, or enroll in a language or an arts course. Spending time with people close to your heart is a good way to take care of your relationship with them.
The golden age of 50 is a precious time in your life. Investing now can afford you the feeling of security and save you from unforeseen financial troubles.
You can consult with a Bancassurance Sales Executive at any BPI branch nationwide to explain everything you need to know about investing at this point in your life.
You can buy a life insurance at any BPI branch nationwide! Talk to a bancassurance sales executive now!
Get the power to protect yourself and your family with an affordable life insurance plan. Life Ready Plus is easy on the budget, but offers coverage of up to 30 times your yearly payment to support the financial needs of your loved ones.
The plan gives you fast access to coverage and benefits and can match your long-term financial goals when maintained within an appropriate term.
Critical Care Max will help you make more memories by providing financial aid during the early stages of a critical illness. This unit-linked life and health insurance plan offers assistance on your recovery. You can build a health fund that grows over time, depending on your chosen investment, to pay for other medical costs.
In addition, it comes with a hospital confinement benefit that will replace lost income due to hospitalization. This daily cash benefit may also come with optional benefits like cash payout for surgery-related expenses, allowance for consultation fees, and many others.
Let your loved ones enjoy the fruits of your labor even when you’re no longer around. Build Estate Plus is a unit-linked protection plan that will cover your estate taxes after your passing so that you can ease your family’s burden.
It doubles as an investment savings fund that builds Account Value as you pay. It is also integrated with AIA Vitality that provides additional upfront coverage of 20% to your policy and add-ons.
Be in good hands in times of sickness. Let Critical Care Plus, a unit-linked health and life insurance plan, take care of you with financial aid in case of a major illness, so you can focus on getting better and spending more time with your loved ones.
It even gives you more benefits for having good health through the AIA Vitality program that adds 20% upfront coverage and supplemental benefits on your policy.