Philam Life: Securing a Child's Future through Education
I am a mom of five and all I want is the best for my children. I am not wealthy and what I can give to my kids is good education. It is the only legacy that I know will benefit them.
Luckily, I was able to attend the sixth annual Philippine Homeschool Conference Expo (PHC) held at the SMX Convention Center, SM Aura Premier in Taguig City. This year's theme is "From Roots to Wings" to cultivate the firm foundation that hey have with parents by continuing to provide them with knowledge ad virtues that would help them ascend together. The Homeschooling Association of the Philippine Islands (HAPI) gathered some of the country's experts like Bo Sanchez, Eric Mendoza, Joy Mendoza and Senator Kiko Pangilinan. They shared their understanding about the meaning of homeschooling and its importance. This gave me more knowledge since I am new to this.
Eric Nicdao, District Manager of Philam Life, explained that while there are distinct advantages to homeschooling, it is never without a challenge. "The cost of education for homeschooling a child is not inexpensive as others perceive it to be. he also explained that it requires one of the parents to stay at home to guide the child which will decrease the family's income. It is appalling to have only one breadwinner in the family and I can relate to that. Since it is my first time to have my 6 year old son to home school, we had a lot of adjustments and that includes expenses. Mr. Nicdao pointed the importance of early planning for our child's education. I'm sure all parents would agree with him. My eldest daughter finished her education as a dependent of educational plan that I purchased when she was less than a year old. It is a big advantage especially when you think about the inflation rate.
"As a parent myself, I understand the real-life struggles that parents go through to give the best to their children. It is, therefore, wise and even necessary to invest in a plan with guaranteed education benefits even if school-going children are still quite young. Plans like this should have the potential to grow to cope adequately with annual tuition fee hikes," Nicdao added. "More to the point, a parent and a child should not have to guess what the future brings. There are too many uncertainties already and having something secure and reliable allows a family to focus on learning and academic excellence rather than trying to make sure that there is a school they can afford."
It is good to know that Philam Life launched a new education product, Future Scholar, which offers guaranteed education benefits and long term growth potential through access to expertly-managed funds. In case the payor pass away or suffer total and permanent disability, the plan will continue without the need to pay future payments. This is the reason for the birth of Philam Life's Future Scholar plan that focuses with its guaranteed educational benefits and unique features available like making life insurance coverage for parents or premium adjustments in times of great needs. I take this seriously because I know the relief of having an educational plan. It was indeed a great help!
Take my advise, plan early and don't hesitate.
About Philam Life
The Philippine American Life and General Insurance (Philam Life) Company is the country's premier life insurance company. Established on 21 June 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability todeliver on its promises.
Philam Life has PHP236.4 billion in total assets as of 31 December 2015 and has delivered timely payouts of over PHP10 billion in education benefits (4004-2015) and over PHP31 billion in insurance benefits (1950-2015), while serving close to 600,000 individual policyholders and over 2 million insured group members.
Philam Life understands the real needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries - BPI Philam Life Assurance company (BPI-Philam) and Philam Asset Management Inc. (PAMI).
Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.
About AIA
AIA Group Limited and its subsidiaries (collectively "AIA" or the "Group") comprose the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific -- wholly-owned branches and subsidiaries in Hong kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and representative offices in Myanmar and Cambodia.
The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$181 billion as of May 2016.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code "1299" with American Depository Receipts (Level 1) traded on the over-the-counter market (ticker symbol: "AAGIY").
Comments
Post a Comment