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Get a Life Insurance Quote
Life Insurance Quote is just one of the components of Financial Planning. It is important to first determine your goals so that you can craft your steps and strategies wisely.
In Financial Planning, I always assist my client to know his goals by determining his LIFE STAGE, not his age. We call it LIFE STAGE FINANCIAL PLANNING – wherein we highlight the varying goals and concerns of a person on a certain period of his lifetime. You goals depend on which life stage you belong.
If you have me as your advisor, I will help you journey you on which life stage you belong. Whatever life stage you are in among the four, I can come and help you achieve your goals.
You main goal here is to build independence and confidence in your career path or work. You are trying to establish financial freedom from your parents or even envisioning your family already in the future.
You are idealistic, mobile and connected. You value independence and the ability to think for yourself after analyzing valuable information.
Your Game Plan: CREATE BUDGET | BUILD EMERGENCY FUND | ENSURE INCOME INCASE OF ILLNESS OR INJURY | SAVE FOR LIFE'S MAJOR MILESTONES
You are either in a young marriage relationship or a couple with young children. You prioritize family as one of your top priorities. Your aim is to provide for their needs as they start their life in the world while thinking ahead for their future.
You look ahead and want to start preparing for their education, save for your home as a couple and start setting aside money for your family vacation.
Your Game Plan: BUILD EDUCATION FUND FOR CHILDREN | ENSURE INCOME FOR YOUNG ONES INCASE OF UNTIMELY DEATH | START RETIREMENT PLAN | BOOST EMERGENCY FUND
You are beginning to feel the relief as you see your dependents moving away and starting their independence in the world with their own family.
Your financial obligations may begin to decrease as you are beginning to receive support from children. Your concern over your health and retirement is now becoming more real, and you now have aging parents whom you look after.
Your Game Plan: BOOST RETIREMENT PLAN | PROTECTION AGAINST ILLNESS OR INJURY | PROTECTION AGAINST UNTIMELY DEATH
Leaving a Legacy
You want to ensure that you want an impacting legacy during your golden years. You are in the retirement phase and are relying on passive income to sustain your daily needs and lifestyle.
You are beginning to think on transferring your wealth / legacy and resources to your loved ones.
Your Game Plan: ESTATE PLANNING | WEALTH PRESERVATION
Acronym for Life Insurance Uses:
C Re Fa L E E R
Clean up Fund- Life insurance will be used as a fund to clear obligations to lessen the headaches of the dependents. These obligations include hospital bills, funeral, taxes, estate taxes, loans, mortgages. Don’t leave a burden to your family. Instead, leave good memory.
Re-adjustment Fund- cushions the family’s problems when the breadwinner dies. It will be used by the surviving spouse to raise up the small ones until she is enough to find a source of income. It can also be used to hire a helper, transfer residence.
Family Dependency Fund- Use the life insurance benefit to raise the children until they finish college. If you are surviving wife, you need it unless you want to work on a job while bringing the kids to school. If you are a surviving husband, you would have to raise the kids while balancing your work obligations.
Educational Fund- if you just put your money in the bank, chances are, you lose money because of inflation or you lose money because of the high rate of increase of tuition fees. But if you put it in investment instrument, there is a chance that you have your money work for you until the children reach college- just the time they need it.
Emergency Fund- putting your money in the bank brings you nearer to temptation to withdraw it. Putting it in investment fund gives you less temptation because you have to make more steps (like going to the office) to withdraw your fund.
Retirement Fund- there will come a time that you need money but your body can no longer work. The best way is to invest now so it can grow for your golden years.
Insurance is not just for the rich. You need some form of insurance because if you make a mistake, you may not recover financially from a major collapse. Avoiding this mistake is not too difficult if you will just make some easy steps.
Investing regularly is a discipline and a virtue. We wouldn’t want to practice the Bahala Na Syndrome towards life.
Future-orientation, discipline and simplicity are crucial for building true and lasting wealth.
Below is a form that will help you determine the goals you would reach so you can prepare financial milestones for the future. This will help you determine your financial life’s “total needs” that will consider your current resources, present and future income, investments, interest rates, return and yields and life’s realities.
If data will be feasible, I will then send you a PDF Proposal containing coverage, fund targets and premiums so you can achieve your goals like your retirement, milestones or child’s education while protecting your finances from expenses made by hospitalization, accidents and uncertainties.
Fill-up this Form to Receive Sun Life Insurance + Investment / Sun Fit and Well Proposal
Please note that I used SunLife’s FNA as reference in this form but I used rearrangements, own words and different system. If you will receive no response from me within 2 days, kindly follow-up so I can make you one.