Simple ways to save for your child's education even with just P1,000 a month

>> Wednesday, August 29, 2012

Thinking about future expenses may seem daunting but you can start with these little steps.

Let's say you are 32 years old, Male, Non-smoker, with a 3 year old daughter.
Your daughter will enter college when she reaches 17 years old which is 14 years from now.

For P8,670 per year or P2,168 per quarter (roughly P723 per month, that's only P362 per payday!),
by the time your child is 17 yrs old, you would have a projected fund of P147K to P169K.

On top of that, you also have the following benefits
1. A safety net of P250K, that is, in case something happens to you, your child automatically gets P250K.
2. Total Disability Benefit. In case you become totally disabled, the plan will be considered Fully Paid and you don't have to pay for any premiums anymore.
3. Accidental Death Benefit. In case of death due to accident, your child will receive another Php250K on top of the insurance coverage in Item#1.

BUT if you can stretch your budget a little more, for an additional P359 pesos per month,
at P12,975 per year or P3,244 per quarter (roughly P1,082 per month, that's only P541 per payday!), your projected fund after 14 years becomes P205K to P236K.

On top of that,
1. Your safety net increases to 500K, that is, in case something happens to you, your child automatically gets P500K.
2. Total Disability Benefit. In case you become totally disabled, the plan will be considered Fully Paid and you don't have to pay for any premiums anymore.
3. Your Accidental Death Benefit also increases to P500K. That is, in case of death due to accident, your child will receive another Php500K on top of the insurance coverage in Item#1.

Saving and investing can be simple and easy.
All it takes is a little at a time, every time.

It's payday once again, take that baby step to saving and investing today.

I will be more than glad to explain this further if you have questions or clarifications.

Grace Cunanan
Sun Life Advisor


No worries for the future

>> Friday, August 17, 2012

  Sun FlexiLink Bam AquinoSun FlexiLink Bam Aquino
"When I grow old, I don't want to be a burden to anyone." - Bam Aquino

Sun FlexiLink is a peso-denominated variable life insurance plan that provides financial protection PLUS the flexibility to choose where your premium payments will be invested. Top-notch investment professionals will carefully invest a portion of the premiums you pay – so you get the best out of your hard-earned peso.

You deserve a good future
Unfortunately, out of 100 Filipinos who retire, 45 still depend on their relatives, 30 count on charity,  while 22 can't stop working in order to support themselves.

You want the best for your family
Sadly, 90% of Filipinos have little or no savings at all to leave their families when they pass on.
Let Sun FlexiLink take care of your biggest concerns - your future and the future of your family.

Protection for your family
Protect your loved ones
In the event of death, the amount that your family or beneficiary can receive may increase depending on the value of your investment.

Customize your plan
Additional benefits such as accidental death benefit, waiver of payment upon disability, hospital income benefit and critical illness benefit may be added to your plan to cover unforeseen contingencies such as accidents and illnesses.

Investment for your future
Grow your retirement fund now
Your funds are invested in a diverse range of securities managed by professional fund managers. Hence, they offer higher earning potential than traditional bank deposit accounts.

Exercise your freedom of choice
Choose from 9 different investment funds that suit your financial objectives. Plus, enjoy the freedom to switch funds depending on your changing needs and objectives.

Enjoy flexibility of payment
Payments can be made in excess of the regular premium to boost the earning potential of your investment fund. You can also decrease or stop paying temporarily, provided the fund value can cover monthly charges.

Best for you and your family
Professionals, entrepreneurs, corporate employees, breadwinners, goal-oriented individuals
Moderate investment risk tolerance

Insurance and investment for a brighter future only from Sun Life Financial.

No worries for the future with Sun FlexiLink!

Age  Quarterly Minimum Deposit
20           P1,877
30           P1,937
40           P1,950
50           P3,079
60           P3,188
70           P8,172

I'm interested, how do I start?
Email your
    Full Name
   Contact Number
    Target Monthly Investment Budget
to grace.c.cunanan[at]sunlife[dot]com[dot]ph
or you can also leave a comment below.


Start investing for your child today

Start investing for your child today with Sun Life Financial.

Sample plan for a 1-year old child.
Plan: Sun Flexilink

For yearly premiums/deposits of P12,270 (just 34 pesos a day!)
or P184,050 for 15 years, by the time your child is 21 years old,
you would have saved P309,055 as a gift for his/her college graduation.

If your child doesn’t withdraw the money and leave it until he/she retires at 65 years old, he/she would have saved for a retirement fund of P8,624,853.


What If?

Have you ever thought of the 2 "WHAT IFs" sa ating buhay?

Ang unang what-if ay "what if I die too early"?
Tulad ni Francis M who died at age 44 leaving behind his wife and 8 kids.

Huwag naman sana, pero "what if"?
Paano na ang aking mga anak at asawa?
Sino ang magbabayad ng pang-araw araw nilang gastusin?
Ng upa, kuryente at tubig?
Paano na ang tuition fees ng aking mga anak?

Ang ikalawang what-if naman ay "What if I live too long"?
What if I live upto 83 katulad ni Tito Dolphy?
When I'm in my 70s, most probably wala na akong monthly salary because I will be too old to work.
And most probably by that time, may mga sakit na rin ako na common sa mga may edad.

Enough kaya ang savings ko for my daily needs?
Who will pay for my maintenance medicines? Pang-hypertension, pang-diabetes..
What if i get hospitalized?
If kunin na ako ni Lord, paano ang aking pamburol at panglibing?
Ayokong maging pabigat sa aking pamilya dahil sa mga financial needs ko.

Medyo morbid kung iisipin but these are life's CERTAINTIES.
Siguradong isang araw ay haharapin natin ito.


And these 2 what-ifs can be answered by getting yourself or your family an insurance or an investment.

Kapamilya, insured ka na ba?


About This Blog

This blog is my attempt to document the bits and pieces of my life. It also serves as a reference for things I need to remember every now and then, like activating UnliText, among other things.

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