Life insurance is one of the pillars of personal finance, deserving of consideration by every household. I’d even go so far as to say it’s the most important. Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance.
Personally, I think this is because of life insurance’s complexity, the posture of those who sell it or merely our preference for avoiding the topic of our own demise. But armed with the proper information, you can simplify the decision-making process and arrive at the right choice for you and your family. I consider myself fortunate enough for being able to at least somehow understand the complexities of insurance and money management because I had been attending money management and financial workshops in the past. Somehow it had given me some valuable tools to understand how to properly use my money to my advantage.
Sun Life Asset Management Company Inc. (SLAMCI), the mutual fund arm of Sun Life Canada Philippines, recently revealed that the country will he having a better, stronger, and faster economy come year 2020. Sun Life Chief Investments Officer, Mr. Michael Enriquez said that after he had reviewed thoroughly the fundamentals, he is confident that the economy is set to significantly improve in the next couple of years, beginning on the year 2020.
"While inflation fell to a low of .08% in October 2019, we expect proces to slowly inch up as we forsee the year 2020 inflation at 2.4%. This figure is much lover than 2018 inflation of 5.21%," said Enriquez.
For currency, Enriquez also believes that the Philippine peso might also have a chance to go up a bit higher from a range of Php50.70 to Php52.50 equivalent to a dollar. our 2019 USD-Php forecast is at Php51.00 and for 2020, a slightly higher at Php52.50."
Given these possibilities, we encourage investors to stay the course. It is only with long-term vision and solid commitment to their investments that they can benefit fom a better and faster Phlippine economy.
What I personally liked best about Sun Life is that anyone can make an investment. The said insurance company gives opportunities for people from all walks of life to learn how to properly nvest their hard-earned money the right way. They even launched a Php100 starting investment fund where all thy need is a Php100 intial investment, a government issued Identification Card (ID) and a selfie so they can start their future investment plan and save money for the rainy days.
Here, we had a short video panel interview from a Sun Life executive where he says they are starting them young, teaching kids and those millenials on how to properly invest their money by giving them seminars for free at their schools, colleges and universities.
Yes, you can now invest with just a Php100 pesos as initial starting investment on your account. And once you have saved, played your cards well, you might just get that dream vacation or dream house or car you have always wanted. How? Just open an account online via sunlifefunds.com or access via their moble app. Sign up, add a selfie so you can have a face to the name. And voila, you now have a starting investment.
With a minmum of P1,000 for Bond funds and Equitable funds, investing is no longer difficult to do. After getting started, adding a few more pesos or a thousand into that account and letting it grow is no longer impossible.
When investing, you have to think of your long term goals. It is only with that vision along with a solid commitment to your investing journey that one can truly benefit from a better, brighter and faster Philippines in 2020.
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