While emergency funds are established here and abroad, your family should look into investments and opportunities to wisely appropriate the remittances you send as capital for growing wealth. Find a second source of sustainable income. Many banks offer OFW-friendly products with low transaction costs and provide access to financial experts' guidance.
The goal is for OFW families to use remittances wisely, breaking away from the stereotype of the usual stories of remittance-dependency. Committing to a savings and investment plan allows OFWs to come home and enjoy the fruits of their labor with the people they love the most.
Aside from sticking to a financial plan, your loved ones should steer clear of having vices, as these are not only unnecessary and costly, but is detrimental to their health and may deplete hard-earned savings. In the same way, your health should be a top priority. You will highly benefit from getting insurance protection, because as breadwinners, any risk to your health directly affects your families’ financial standing and future.
BPI AIA’s Life Ready Plus is the perfect insurance partner for the hardworking modern day heroes. While you work hard and look after your family’s financial welfare, Life Ready Plus ensures that premiums are saved and invested, while insuring you against life’s risks. Like OFWs, Life Ready Plus works to ensure that the OFW families’ dreams are protected against uncertainties. It complements your dreams and hard work, helping you save and invest easily, is customizable to suit your needs, and rewards you for being healthy. On your 15th policy year, it further rewards you with a One Time Bonus equivalent to 50% of the regular premium to be used to buy additional fund units.
To find out how you can take the first step in ensuring that your dreams for your family are protected, check BPI AIA's Life Ready Plus.