Planning a Future for Your Family

April 21, 2023

Families In the Philippines have been known to have strong ties. The love and support they have for each other are very evident. Children live together with their parents even if they are already married and have their own kids. Among Filipinos, blood is always thicker than water, and it's believed that no matter what happens, family should always come first. Family is important not only for Filipinos but also for everyone else. When you need help or someone to talk to, you know that your family would be there for you.

Parents, as heads of the family, should promote peace, love and kindness, build up their kids’ self-esteem, and ensure their family’s safety and security. If you’re a parent, you know that you would do everything to provide for your loved ones because they rely on you not just emotionally but financially as well. Thus, planning ahead gives you an opportunity to secure a better future and protect them from life’s struggles.

But struggles are inevitable, and overcoming them is never easy. To be able to prepare you for any challenges in the years to come, now is the best time to determine your goals and start planning proactively.

Keep yourself healthy. Health becomes a major concern for many people when they start to age, which is why being healthy, fit and active is essential even at a young age. A nutritious diet and daily exercise are proven to make you live longer and can prevent fatal diseases such as heart disease, stroke, diabetes or cancer.

You should make an effort to be healthy to be able to spend more time with your family and continue to create great memories together.

Save money and invest. You can’t predict what the future holds, which is why you have to take advantage of the “now” while you still have the strength to work and earn a steady income. When you have a family, the three most important things that you need to consider are your children's education, your retirement, and funds for any life emergencies.

It is a parent's responsibility to provide an education for their children. Living in today’s world, where the costs of education rise every year, is difficult. Saving money for your children’s education lessens your worries and ensures them a brighter future.

Prepare for retirement. To be able to enjoy the best years of your life, without being a burden to your children or family, you should have enough money to spend on leisure trips, hobbies, and other forms of entertainment. To do this, there are different ways to build your retirement fund at an early age, such as by investing in real estate, insurance, bonds or stocks.

Prepare for the worst. You’ll never know when sickness will strike you, or when a family member will need financial help. Having a separate fund allotted only for emergencies is needed to keep your finances on track and keep you out of debt.

Secure life insurance. At the moment you may be strong, young, and healthy, and buying life insurance may not be a priority for you. Unfortunately, there are realities in life that we cannot change, such as growing older, getting ill or death. However, you can prepare for them. Life insurance gives you an opportunity to continuously provide for your family even when you are no longer around. Without adequate preparation, your family may face some difficulties without you, which is why it's more important than ever to prepare for any eventuality.

Not all life insurance plans in the Philippines are costly. Paramount Life Insurance offers affordable protection for as low as Php151 per month, and is offered for ages 40 to 75 years old, with coverage until 100 years old. This insurance product, known as the Guaranteed Life Plan, provides life and accidental death benefits, plus a terminal illness benefit for added peace of mind.

Guaranteed Life Plan gives your beneficiaries up to Php2,000,000 in life insurance benefits or up to Php2,000,000 accidental death benefit. A lump sum amount is also given to the policyholder if diagnosed with a terminal illness. The terminal illness benefit is up to 50% of your total life insurance benefit, but not greater than Php250,000.

Your actions now will determine you and your family’s future. Remember, you can’t turn back time, so you have to make the decision to care for your family today. Simply click the Apply button below or visit Paramount Direct to apply or get a life insurance quote.

 

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