Late 30s or early 40’s and no Retirement Plan yet?

It’s not your fault if you were not educated about financial freedom and wealth yesterday (…I wasn’t too! 🙂 ). But now that you are, what are you going to do next? My role is to assist and recommend a specific Pru Life UK product that suits your needs. If you are in your late 30s or early 40s, there’s still a chance to catch up. #insuravest products will help. Invest in 5 years or 7 years and you will have a good retirement life. Let’s face it, if we’re a bit too late in the financial drive to success, we cannot stop with time, we have to move along and find shortcuts to get back into reaching our goals. #eliteProtector is a great product for retirement with a very good insurance coverage as a partner. Let’s discuss your options. I’m willing to listen.Screen Shot 2017-11-30 at 3.32.18 PM

Protecting From Dangers Lurking Your Life

In Science we learned that plants and animals have their unique ways of defending themselves from attackers.

Humans, no matter how the gift of intelligence gives them multiple ways to protect themselves, can still fall prey to dangerous personal calamities — Sickness, Accident, Disability.

Protect yourself and your loved ones by making sure that the financial burden brought about by a personal disaster is mitigated or addreased in full by the Life Insurance company, not from your own pockets, savings, and investments. Be the Man from the PRU.

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Why is Life Insurance not URGENT for you?

I bet you’ve come across horrific stories about friends (and relatives for some) dying too young because of cancer, stroke, or heart attack. Was it the lifestyle or the processed food they ate? was it genetic? Did they die because they could not afford medical care?
Or perhaps stories of some becoming paralyzed that they could no longer talk nor walk, hence out of work.
 
So with all these, my wild imagination brings me again to the following questions:
 
1. Have you seen how their children or parents struggled with the loss, or the medical costs, or the loss of income?
2. Have you reflected on your own and thought ‘what if it me?’ ?
3. Despite being offered good products that can transfer the risk from your family to the insurance company, what is it that prevents you from getting one now?
 
You know, I could help. All it takes is for us to talk about it. It’s not me selling you a product. it’s me guiding you on how you can and ought to protect your family against all of life’s major risks: Sickness.Accident.Disability, dying too soon or living too long.
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Contact me so we can discuss more about Life Insurance and how it definitely can help in the future.

Be PRUactive, plan to secure your loved ones

Be PRUactive. How many calendar days do you need to mark with ‘X’ before you decide to message me because you want to start the #protection program? I wish I could convince you to have that sense of urgency. But I will wait. Meanwhile, do plan to secure your own and your wife and children. Securing your wife means whoever “goes” first will leave his/her own “Legacy” to the family. Whoever gets sick due to critical illness will not cause any major disruption in the financial status of the family. if both should “go”, make sure the children’s education fund continues thru Pru Life UK’s Payor Waiver.

Be PRUactive; plan for you and your loved ones; like me, be the Man From The PRU!

Retire Comfortably

Us in the late 30’s, definitely we have time to build our retirement fund. Let’s break that cycle of being overly dependent from the welfare or charity to some extent from our children. It’s true, when we ask money from our kids when we are old and retired, we may be taking away investment money for our grandkids. How much do you think we need if don’t act now? even 5K a month will be 14K worth when we retire. Let’s break the cycle by building our retirement fund NOW. Fortunately Pru Life UK has #elite products which can assist us build that retirement fund for the future.

If not now, when?

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Here’s a screen grab of ANC OnTheMoney post in Facebook showing Randell’s views about retirement.

Credit to both for the post and the tip.

My Critical Role as Financial Advisor

My role as a financial advisor is a critical one. There are still a lot of Filipinos that are either uninsured, underinsured or insured incorrectly. It’s up to me to educate them. I should be persistent in making sure they will understand the value of securing one’s future and that of the family. They may not appreciate me right now but when bad things (S.A.D. – Sickness, Accident, Disability) happen, they will be relieved that I was patient and persistent. Be the person who will thank me in the future. Don’t be the one who thinks of me while you ponder hard what made you reject my desire to insure your future self and family. 🙂 Let’s talk about it. I’m here, very glad to help! 😉

How expensive is 3K/month Life Insurance?

I understand why most are not willing to save 3K or more for Life Insurance. It’s expensive and 3K (let’s use this as minimum) can still buy a lot in a month (like what?). But let me try to reason out why it’s not; Let me count the ways:

1. 3K a month is 100 per day.

2. if age is 23, 3K is 3 Million in guaranted Life Insurance coverage. Even a 28-year old can get 3M.

3. 3K is Critical Illness coverage of 500k-900K depending on age. We will have to find out.

4. 3K is 3M max of Disability coverage and Income replacement.

5. Depending on age, 3K is 3-5M in Fund Value at age 65.

I understand almost everyone is afraid of losing money, more so 3K per month. But at what lost benefit? If diagnosed with Stroke, Heart Attack, or Cancer in one year, what is 36k saved compared to 500k-900k of critical illness benefit? If a person dies in 3 years, what is 36k x 3 when compared to up to 3M in death benefit for the beneficiary?

Granting one lives long enough, what is 36k x 40 years compared to 3-5M in Fund Value for retirement? and most of all, how much is 3K really worth in 10 years? 20 years? 40 years?

If I have convinced you already, send me a message. let’s start the program shall we? I am The Man From The PRU!

Relationship Index

It’s interesting to note that the Philippines is second to Cambodia in terms of Relationship Index as per PRU LIFE UK’s research for 2017.
Cambodia and the Philippines are still considered developing economies. Though it may not be conclusive, I find having strong family ties is causing some families to think low about their future, after all being in the family home brings food and economic security altogether. We don’t dream of owning a house because we can live in our parents house. Why think of retirement when the simple lifestyle we got used to need not be changed? We don’t dream of flying outside the country because our parents never did anyway! If I don’t have rice today, how difficult can it be to get a 5/6 loan from a loan shark? Basic food is enough for us and we’re so used to this kind of meal—rice with tuyo, rice with pork oil and salt, rice and “lucky me” noodles, etc…
Today’s forum on Relationship Index made me appreciate more my decision to become a Pru Life UK’s financial advisor and a student of Registed Financial Planners (RFP). I see myself as having a big responsibilty in changing the course of the Filipino culture, albeit in my own little ways, that is, helping many to unlearn old thinking and learn new and modern theories and applications about personal finance; about how strong family ties can be an inspiration or motivation to work hard and not become a limiting or curtailing trait amongst a lot of us.
Filipinos being 2nd in strong family ties is a good thing. it’s never a bad thing. Us Financial Advisors just need to educate every family about planning properly for the future, about dreaming BIG and daring to achieve that Dream.
So when I ask you about protection, retirement, education, or investment, it’s not about me. It’s definitely about you. I’m only here to show you the way.

Life Insurance for Millennials

YOLO!!!

Millennials, what to you is saving 1,500 per month? How is your attitude towards investing for your future self?

Yes, go on buy that 100k IPhone X or take on a fancy Royal Caribbean cruise in Hongkong or Singapore.. or Go to Busan, SoKor because it’s in your bucket list, or do a sky diving or bungee jumping in New Zealand, because, you know what? YEAH! you only LIVE ONCE!

But in all these YOLO things, think that you will also grow old if you don’t die young.
So, if you want to continue enjoying YOLO till you grow old, save some intended for your future self! ummkaaay? #usapTayo orb!

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What Life Insurance is not about

Let me tell you what a Life Insurance Financial Advisor is not about:
1. It’s not about company incentives and commissions
2. It’s not about certificates, plaques or distinctions
What it is about?
1. It’s about making sure our clients are able to pay medical bills that could be hundreds of thousands to millions. It’s about getting the best health care.
2. It’s about making sure the family still gets to eat three basic meals a day and able to buy grocery when the client is no longer able to work due to disability
3. It’s about making sure each child the client has is able to graduate in college even if he dies.
4. It is about making sure the client grows old not dependent on any of his children for his monthly needs.
5. It is about KEEPING FAMILIES TOGETHER!
I trust you understand why I am passionate about being a Life Insurance agent. I was, for 15 years, just laughing about this, until i realized this year how it may really help my future and my dependents’ future. The passion is all about the strong belief that this business is really all about preparing the WEALTH for the client and his loved ones when they needed the most.