Put yourself at ease by protecting those you love
06 January 2020
The OFWs’ contribution to the Philippine economy is outstanding. Between January to May 2019 alone, OFW remittances have reached $13.7 billion. Reports also show that transfers made through banks contribute to about 70% of the country’s gross domestic product.
Despite being able to provide for their families—and their home country—though, working as an OFW is not a get-rich scheme. Like many employees here in the Philippines, they struggle to keep their finances in check.
Because of their desire to help their loved ones, a few may end up with a less than ideal financial health, only realizing later on in life that they also have their own future to prepare for, or even a possible critical illness to take care of. The lack of financial literacy among many Filipinos also has something to do with it.
It’s about time for OFWs to get what they deserve in exchange for the sacrifices they had to endure. This starts with understanding the real value of personal finance and staying financially healthy for years to come.
The value of financial health for OFWs
For OFWs, being financially healthy is a team effort that requires understanding and cooperation from your family at home—and to some extent, private and government institutions.
The best way to show appreciation for the contributions OFWs have made for their families and the country is to help them take care of their future, whether it’s through spending their padalas wisely or teaching them how they can make their savings work, so they can spend more time with their loved ones again.
If you’re an OFW or you know one, visit any of the 900 BPI branches nationwide and learn from our Bancassurance Sales Executives about how you can be financially healthy today.
Invest in both your health and wealth with BPI AIA Wellness Series
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.