CAN you use your 13th month pay to invest for the future? Yes, you sure can.
Before you part ways with your entire 13th month pay by spending a whole lot this Christmas, think of providing yourself with a truly secure gift for the yuletide season.
Well, not just for the holidays but for your entire future, or for another generation of loved ones’ future.
Think of this. Why not set aside a portion of your bonus or 13th month pay to help grow your money, say using an emergency fund? During these trying and uncertain times, it’s best to be prepared–all the time.
And why use your bonus or 13th month pay? It is YOUR money. You worked hard for it for the entire year. It’s something you deserve after days of working even in the middle of this challenging climate. It’s a pity if it will just go to waste buying things you want but don’t actually need.
Insular Life (InLife) Chief Marketing Officer Gae Martinez told FrontpagePH.com that there are many good investment opportunities available in the market right now, and suggested that the market try out InLife’s “Wealth Secure.”
“Wealth Secure aims to open the world of investment even to ordinary Filipinos, so that they will have a portfolio where they can start and then add on as his or her circumstance improve,” Martinez explained to FrontpagePH.com.
With “Wealth Secure,” Martinez said it will help jump-start an individual’s investment journey and protect loved ones financially from unforeseen life risks as well.
For as low as P28 a day, an individual can start being an investor, and for as low as P10,000 yearly, can now have a variable unit linked (VUL) life insurance product.
“Wealth Secure,” Martinez pointed out, is perfect for millennials or those who just started working. It can also be used by a starter life insurance with investment plan for the family where funds can grow as the family also grows over time.
“We believe that to empower the Filipino, they must be served and met wherever they may be in their economic station. With Wealth Secure, we hope that more and more of our kababayans will become investors through this affordable product,” added Martinez.
Martinez said that currently, there are eight existing investment funds under the Wealth Secure product line: Money Market, Fixed Income, Balanced Fund, Equity Fund, Growth Fund, Select Equities, Guardian Fund, and ONE Fund.
Depending on one’s risk profile or investment goals, Martinez said one can put all their investment in one or a combination of the funds.
Since “Wealth Secure” is primarily a life insurance product, the minimum life insurance coverage is 5 times the yearly premium. To further enhance the protection benefits of a “Wealth Secure” plan, other benefits may be added as one goes along: Accidental Death Benefit, Dread Disease Rider, Payor’s Rider, Special Accident Rider, Waiver of Premium Benefit, Waiver of Premium Supplementary to Payor’s Rider, Daily Hospitalization Allowance, Hospitalization and Surgical Benefit.
To know more about the product visit www.insularlife.com.ph/wealthsecure or to talk to any of InLife’s financial advisors, contact https://www.insularlife.com.ph/get-insured.