Protecting financial health


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Remember, our job is to assist you in determining your financial future.
....You alone shall decide what your financial future can become.

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Protecting financial health

  1. 1. Help you to Better Understand:Where you are nowWhere you want to be; andHow you are going to get there.
  2. 2. YOUR DECISIONS“I will not make decisions for You-I will put you in an informed position to make informed choices”. Confidential Information is highly exercisedPERSONAL SERVICE “I may need to schedule further meetings to ensure your plans take account of your changing circumstances.”
  3. 3. FoodIncome Home Rental / Home mortgage Clothing Car / Transportation Expenses Vacation / Travel / Hobbies Leisure / Vices EducationBasic Salary/GI – Basic Expenses = Net Disposable Income
  4. 4. Basic financial expensesNoNo Food Which of Home Rental / Home mortgage these BasicNo Clothing ExpensesNo Car / Accumulate Transportation Expenses Savings?No Vacation / Travel / Hobbies Leisure / VicesNo EducationYES Pru Life UK premium
  5. 5. People usually have three types of needs: medical income replacement and retirement or wealth accumulationIf you do not get sick or disabled, you are very fortunatebecause you will ultimately be able to reach the highest level,which is accumulating money for yourself. Retirement/ Wealth Accumulation Income Replacement Medical Needs
  6. 6. Did you Know?
  7. 7. Critical illness and accident do not choose who, when or where to strike. Critical Illness is the #1 killer Diseases of the Heart by Age Group 65 & above (32%) 15 - 49 (32%) 50 - 64 (34%) Hypertension by Age Group 15 - 49 65 & above (26%) (34%) 50 - 64 (40%)Source: Health Statistics, Department of Health 2002
  8. 8. Accidents alone caused 32,355 deaths in 2000 with a death rate of 42.4/100,000 population.Source: AN ASSESSMENT OF ACCIDENT AND INJURY SITUATIONIN THE PHILIPPINES by ELIZABETH R. MATIBAG, MD, MPH Health Policy Development and Planning BureauResearch Forum,June 23,2005 Pan Pacific Hotel Manila
  9. 9. With the rising cost of medicines andhospitalization, getting sick can do more than justrob you of your health. It takes away precious timefrom your family and depletes hard-earned moneyfor your family’s future. At least 50% of those who get sick get hospitalized Barely 3% of one’s income is allotted for medical care, but when a person is hospitalized, the average hospital bills equates to 3x your monthly income Medical benefits provided by government pays for only 30% of your hospital expenses
  10. 10. FoodIncome In case you become sick, Home Rental / who will pay your medical Home mortgage bills? Clothing Car / Transportation Expenses Vacation / Hospital bills / Medicines?? Travel / Hobbies Leisure / Vices Education Savings Borrow Medical care
  11. 11. Did you Know?If you are unable to work for a long period due to hospitalconfinement, do you think your employer will continue to payyou a salary when all your sick leaves have been exhausted?If this happens, where will you getthe income to provide for yourfamily?
  12. 12. What are your Priorities Today?Death EducationDisability RetirementCritical Illness Savings Retirement/ Wealth Accumulation Income Replacement Medical Needs
  13. 13. What are your Priorities Today?“I can help you ensure that you protect yourself and your family fromfinancial hardship, should something unforeseen happens.”
  14. 14. Did you Know?“A good Education is one of the most valuableassets you can give to your child”46% of total education expenses come fromhousehold FundsThe Level & quality of education directly impactson an individual’s chances of employmentOnly 14% of Filipino children graduate fromCollegeIn the past 10 years, school fees have increasedby 10% per year.
  15. 15. What are your Priorities Today?“A good Education is one of the most valuableassets you can give to your child”Ask yourself Where would you like your children to receive their Education? Do you know the cost associated with a Quality Education? Will you be able to Fund all Future Education Costs from your income?
  16. 16. What are your Priorities Today? “Are you prepared for the longest holiday of your Life?” Did you know?8 out 10 retirees will be dependent on their childrenfor financial support23% of Filipinos are still working after retirementIn 1970, life expectancy was 75 years; today, it is 71
  17. 17. What are your Priorities Today?“Are you prepared for the longest holiday of yourLife?” Ask yourself When would you like to retire? What kind of lifestyle do you like when you finish working? What would you give up if you can’t afford your ideal retirement?
  18. 18. What are your Priorities Today?Did you know?The average cost of a traditional wedding in thePhilippines is P 250,000.6 out of 10 Filipinos DO NOT saved money from theirsalary.A “medium price” house costs approx P3,000,000.The average monthly payment for a car is P14,000.
  19. 19. What are your Priorities Today?Death EducationDisability RetirementCritical Illness Savings
  20. 20. Are you Insured? does statistics Say? view/20100618-276354/Rich-and-poor Classification Ave. monthly Income Percent Rich Php235,155.00 0.10% Middle Class Php36,964.00 19.10% Low-Income Families Php9,061.00 80.80% 100.0%
  21. 21. Are you Insured? What does statistics Say?
  22. 22. How Can I Help You?Help you understand what yourrequirements are;Provide recommendations to addressyour needs; andHelp you understand how your prioritiescan be achieved.
  23. 23. Pru Life UKI. For personal appointmentII. For those interested to be a PRU life Agent GOD BLESS YOUR FAMILY!