Recovering from holiday spending hangover should not stop you from making investments. Investing promises protection not just to your wealth but also to your and your family’s financial security. You have a variety of investment options such as stocks, mutual funds and insurance.
For instance, with health insurance, you’re protecting yourself from emergency hospitalization or consultation fees that might strain your financial resources further. You also have the option to take out an insurance plan that integrates investment opportunities into your insurance, such as a Unit Linked Insurance Plan (ULIP) and Variable Universal Life (VUL). These insurance products provide you with life insurance benefits and at the same time come with investment options for stocks, bonds, or mutual funds.
Today, buying life insurance or health insurance in the Philippines is fast and easy. You can just go to a bank like BPI, which has up to 800 branches nationwide and ask a Bancassurance Sales Executive about how you can invest your money in a variety of insurance products.
While there’s nothing wrong with shopping during the holidays, you don’t want to start the year broke. Follow these simple, actionable steps to get your finances back on track.