Preparing for Your Children's Education

Preparing for Your Children’s Education

 By Michael B. Antonio
Wealth Portfolio Manager / Financial Consultant

Ang kinabukasan ng iyong anak, para masigurado, kailangan may plano. That’s why Philam Life has an education and life insurance plan-in-one.

 

With cash benefits, your child can enjoy every semester and life insurance protection for you and your child. Philam Life will help you ensure your child’s education and secure his/her bright future.

Let’s say, you are Age 30 and just gave birth to your first child this year. You chose to get a Philam Life Variable Unit Linked Product in order to prepare for your child’s college fund. Current rates as of 2013-2014 School Year are as follows:

If you plan to enroll your child at University of the Philippines whose current rate is PHP 54,000.00 per Year covering 18 Units, you would need to start saving PHP 5,500 per month.

As you know, PHP 54,000 today is not equal to PHP 54,000 18 years from now! To have a realistic figure, we need to compute its future value given the 15% Increase in tuition fee according to CHED.

19 Years from now, 54k would amount to PHP 668, 274.49; 20 Years would amount to PHP 768,515.67; and 21 years amount to PHP 883,793.02. See the rapid yearly increase in tuition fee and its impact in the distant future. That is why, it’s important to prepare as early as now.

In order to achieve the following College Fund for your child, you would need to start saving PHP 5,504.40 every month through Philam Life’s expertly managed mutual funds. This would give you the leverage to prepare for your child’s college educational fund as compared to your traditional savings and time deposit accounts that offers returns lower than our current inflation rate of 3-5% as of 2013.

To compare your potential returns if you are to invest on a Savings Account, Time Deposit and Philam Life’s Mutual Fund/ VUL Product.

In the following example, if you choose to save and invest using the traditional Savings Account which earns only around 0.25% per Annum, on the 20^th Year (2^nd Year College) you will no longer have enough funds to support your child’s college education.

Same goes with maintaining your investment in a Time Deposit Account that earns around 1.5% per annum. With this option, you will no longer have enough funds to support your child’s second year college tuition fee.

But if we choose to invest in Philam Life’s VUL product, you will have enough funds to support your child’s college tuition fee plus excess funds to support other educational expenses such as boarding, books, laboratories, etc.  On top of that, you also have a Life Insurance Coverage amounting to PHP 900,000.00 to protect your family from any premature and untimely death. Maipagpapatuloy pa din ng iyong anak ang kanyang pag-aaral anuman ang mangyari sa atin!

Paghandaan at pagplanuhan ng maaga ang Educational College Fund ng Inyong Anak.

Anong plano mo? Usap Tayo? 

To know more about this exciting and very affordable plan, text or email me through the following contact details:

Michael Antonio, Wealth Portfolio Manager
Certified Investment Solicitor

Certified Public Accountant 

Email Address: mbantonio.financialadvisor@gmail.com

Visit us at: www.facebook.com/antoniowpm

Visit us at: www.antoniowpm.com 

Insurance: Mitigates Worries of Breast Cancer

Insurance:Mitigates worries of breast cancer 

by Michael Antonio, Philam Life Wealth Portfolio Manager

OCTOBER IS BREAST CANCER MONTH

October is Breast Cancer Awareness Month, which is an annual campaign to increase awareness when it comes to this dreaded disease that have affected countless lives among women across the globe.

Philippines: highest breast cancer incidence rate in Asia

A recent article came out in the Philippine Daily Inquirer that the Philippines is now reported to have the highest incidence rate of breast cancer in Asia. The Philippines is included in the Top 10 countries with the most counts of breast cancer cases. It is also reported to be the third leading cause of death in the Philippines but is totally curable and can be prevented. More than the physical and financial agony caused by breast cancer is the emotional and mental stress and anxiety inflicted to the victim and to its family. Former U.S. Representative and breast cancer survivor, Debbie Wasserman Schultz once said:

“Breast Cancer is not just a disease that strikes at women. It strikes at the very heart of who we are as women: how others perceive us, how we perceive ourselves, how we live, work and raise our families – or whether we do these things at all” – Debbie Wasserman Schultz, US Representative and a breast cancer survivor

OUR VALUE PROPOSITION

Provide relief to your family and loved-ones by preparing for any untoward incident. Avail of our Yearly Renewable Term Insurance called “Cancer Life Shield.”  This provides flexible coverage and allows you to receive a lump sum amount of up to Php 1.3 Million per policy upon first diagnosis of Cancer including Breast Cancer. You also get the chance to receive Quarterly Cash Support Benefit, Daily Hospital Income Benefit and Reimbursements on Surgeries and Operations.

PHILAM LIFE'S CANCER LIFE SHIELD 

To further mitigate the emotional and mental stress inflicted to the breast cancer victims, Philam Life provides a Yearly Renewable Health Plan that provides guaranteed financial assistance upon first diagnosis of covered cancer.

Issue Ages are from 20-59 years old

For as low as Php 3,000 a Year*, you get benefits up to Php 1.3 Million

*Annual Premiums vary depending on Age Group

WANT TO KNOW MORE ABOUT THIS?

You may visit our website at www.antoniowpm.com or you may contact us at (02) 718-0136 or through our mobile numbers 09998813648 (Smart) or 09175892902 (Globe).

Add us on:

Facebook: https://www.facebook.com/pages/antoniowpm

Twitter: @HelpPlanning

Look for Kathleen Grace Antonio or Michael Antonio

Financial Management: The What and The How?

Keeping oneself financially healthy is equally important as keeping oneself''s physical health. Many people disregard this aspect but how important is it to be financially healthy? 

One way of keeping your financial standing on a passable rating is by managing your finances properly. So what does it mean to manage your finances? 

Financial Management according to Wikipedia is the effective and efficient management of money or funds in such a manner as to accomplish the objectives of an individual or an organization. So when we talk about Financial management, you need to consider three (3) important aspects:

1. Effectively - (Effective - Adj.) Which means adequate to accomplish a purpose; producing the intended or expected result. Being effective means doing the right things as intended. There's an intentional awareness on your end that for you to accomplish something, you have to do the following steps. You should know the "what" for you to manage your finances properly.

2. Efficiency - (Efficient - Adj.) Which means performing or functioning in the best possible manner with the least waste of time and effort. This means that when we manage our finances, we need to manage it in the best possible manner. Efficiency is about doing the things in the right manner. You should not only know the "what", but rather you should also know the "how" in order to save time, money and resources. 

3. Money - It is any object or record that is generally accepted as payment of goods and services and repayment of debts in a given socio-economic context or country. In short, it is the "legal tender." This is the acceptable mode of payment. Some would correlate it to cash, check, treasury bills and other short term investments. 

In learning the concepts of financial management, you need to put these three (3) aspects into play: (1) You need to know what you need to manage which is in this case, it's money; (2) You need to understand how will you manage these resources; and (3) You need to understand important concepts when it comes to money. 

These are the first steps in order for you to manage your finances which i will discuss further on my next blogs.

So with that, knowing how to manage your finances will help you achieve your individual and collective goals by diligently keeping & properly handling your money or funds. These are the fundamentals that we need to know before we dig deeper to this topic.

For any questions or comments, you may leave a comment below or you may visit our website: www.antoniowpm.com

Having problems in managing your finances? Are you having difficulty eliminating your bad spending habits?These are common questions raised by common persons.

We can help you get your answers. Call or Email us! 

mbantonio.financialadvisor@gmail.com