Put yourself at ease by protecting those you love
Last year was a rollercoaster ride when it came to finance. It wasn’t a local phenomenon. Globally, there were many events that made 2017 such an interesting year. Here are some of the ways you can continue to ride those highs and lows and come out on top.
The Big Picture: Current events and the economy have always gone together. That relationship just seems more amplified in recent years, seemingly reaching a high point in 2017. There were specific events, such as the continuing Brexit negotiations and the political climate of countries, which gave 2017 a cautionary air, as investors and businesses took a wait-and-see attitude.
In Personal Finance: When it comes to personal finances, global uncertainty can be offset by going for historically stable investments. Blue chip industries like healthcare tend to maintain their values. Another way to hedge risks when it comes to personal investments is to go with companies that have proven reputations.
The Big Picture: In his book The Innovator’s Dilemma, Andy Rachleff refers to Disruption as “a disruptive product addresses a market that previously couldn’t be served” or “it offers a simpler, cheaper or more convenient alternative to an existing product.”
In 2017, there were many companies that claimed to be the disruptive force in their industry. For example cryptocurrency Bitcoin used the blockchain technology to increase in value up to 20 times in 2017. Elon Musk’s SpaceX program was also successful in developing reusable space technology.
In Personal Finance: It is easy to get swept away by catchy headlines and write-ups about companies. But, investments should promise more than just innovation. For every successful story, there is a cautionary tale. Take for example, Theranos, which marketed itself as a disruptive force in the medical field. In the end, the technology simply didn’t work the way the company claimed it would and Theranos folded. Avoid making bad financial decisions by making an informed choice instead on focusing on buzzy catchphrases.
The Big Picture:There are jobs that are legitimate and lucrative that simply did not exist before. For example, there is a way to monetize large social media followings and the title “influencer” is now largely accepted. A prime example of this is Ryan ToysReview, which earned a six-year-old boy $11 million a year in YouTube.
Another way that the job economy has changed is that geography is no longer a barrier. More companies are embracing the concept of remote work. The implication of this that there are more ways to gain income – in addition to, or outside – the typical office scenario.
In Personal Finance: Anytime there is an opportunity to increase and diversify sources of income, there is a chance to invest. Investing is a good way of using income that is earned because it secures the future, in addition to providing a comfortable life in the present.
A lot of the trends that swept through 2017 is poised to continue in 2018. To make this year a year of sound financial decisions, focus on what matters: providing a good life for family. A good option that addresses this is the Build Estate Plus by BPI AIA.
It is a unit-linked protection plan that covers estate taxes, provides life insurance including additional options for disability and illnesses, and provides access to the BPI AIA health and wellness program. Any choice made to improve health leads to an additional 20% life coverage and supplementary benefits as well as rewards from partner establishments.
There is no sure method to predict what each year would bring, but with Build Estate Plus, there is a way to keep yourself healthy and protect the legacy that you are making.
To know more, check out the BPI AIA Wellness Series or head to a BPI branch near you and talk to a Bancassurance Sales Executive.
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.