Put yourself at ease by protecting those you love
18 September 2017
New investors often find difficulty in differentiating saving money and investing money—that they are entirely different things with different purposes and play different roles in your financial journey. Understanding the difference between the two can save you from unnecessary headaches, heartaches, and stress. Meanwhile, what's often forgotten, too, is the critical step of protecting the hard-earned wealth from various unforeseen factors that may run your wealth-building journey off track.
Saving money is the act of setting aside cold, hard cash and parking it in extremely liquid and safe accounts. Liquid means your money can quickly be encashed to answer any immediate need. Saving money should almost always come first before investing money as it is the foundation of your investments and the starting point of your wealth-building journey. Why? Because unless your wealth is the kind that’s inherited, it is your hard-earned savings that will serves as capital used in investing.
Monies tagged as “savings” are for emergencies and short-term goals, and should be accessible with zero to minimal fees, ideally stored in easily accessed accounts like savings, checking, or money market securities. Having a sufficient emergency fund prepares you for a rainy day that might require a sudden outflow of cash, and saves you from having to sell your investments at the worst possible time. After setting aside money (equal to 3 to 6 months of your living expenses) for your emergency fund, consider opening an investment account to save for long-term goals.
Investing money is the process of buying an asset you expect to appreciate in value, allowing you to become wealthier through time. Unlike saving money, the target of investing is usually a long-term goal like college education or savings plan for retirement.. Committing to a long-term investment allows you to wait-out and weather potential periods of volatility in the short-term, allowing your investments time to recover from any losses.
Building wealth does not stop with growing your savings and increasing your investments; success also relies heavily on your ability to secure and protect your sources of income and yourself.
What if you get sick and get hospitalized? What if you unfortunately figure in an accident and cannot return to work immediately? These risks can delay or completely put a stop to your wealth-building plan. This is why building your wealth is never complete without choosing an appropriate insurance product to protect you and all your hard work.
BPI AIA’s Life Ready Plus is a perfect partner to every beginner investors’ wealth building journey; making saving and protecting your wealth easy, while rewarding you for being healthy!
Affordable and beginner friendly! It offers an affordable entry point for those with the goal of saving and getting insurance protection.
Building up savings is made easy. Insured individuals may fully allocate their premiums to investment fund(s) managed by experienced investment professionals, and may also conveniently place additional investments through top-ups.
Flexible and customizable. Individuals may choose from various additional benefits through the selection of optional unit-linked riders.
Through the AIA Vitality Program, policy-holders enjoy additional insurance coverage on their basic and rider face amount starting on policy year 1. This additional coverage is an incentive that is adjusted depending on the Vitality Status achieved by the policy-holder every policy anniversary.
Life Ready Plus is part of the BPI AIA Wellness Series. The Wellness Series is a range of insurance products powered by AIA Vitality – a program that encourages one to lead a healthy lifestyle and rewards you for it. Find the Wellness Series bundle that best fits your investment priority and enjoy an upfront 20% additional life coverage and supplementary benefits as you make healthy choices with AIA Vitality. Boost your Vitality Status and get to receive up to 50% additional coverage on the succeeding years. Plus, avail discounts from a range of partners as a reward for living healthy.
To take the first step on living longer, healthier, and better, head to a BPI branch near you or check our health and wellness programs.
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.
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.
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.