While Filipinos have long sought financial independence, the uncertainties of the pandemic have underscored the importance of financial well-being through insurance and investing. This led to an increase in demand for life and financial protection. FWD Manifest, a unit-linked insurance plan, was introduced during this period when Filipinos needed new solutions to achieve their life goals.
Insurance Commission (IC) data showed that the life insurance industry achieved a 36.62 percent increase in total premiums in the first quarter of 2021 compared to the same period in 2020. That figure was recorded at the height of the pandemic, suggesting that Filipinos have now realized the power of insurance.
Medical emergencies, retirement funds and business resilience are just a few of the concerns raised in conversations between clients and financial advisors shared during the Manifesters’ Roundtable, a recent virtual event hosted by FWD Life Insurance. The event highlighted how investment-linked insurance protects against unforeseen events, encouraging them to push on initial goals and plans that have been put on hold during the pandemic and pursue their dreams.
FWD, along with multimedia journalist and entrepreneur Ces Oreña-Drilon, discussed the importance of investing to achieve personal goals and pursue dreams with confidence. The conversation shared tips from FWD financial advisors, led by FWD PH Chief Agency Officer Jun Marasigan, on how to leverage investments and incorporate them into one’s life plans.
Invest now. The best time to invest is always now. There is more potential to earn and grow the investment while market prices are low. However, volatility should not be an obstacle to an investment decision. It should be based on one’s life and investment goals. FWD Manifesto aims to incentivize Filipinos to invest while providing financial protection in the event of market volatility.
Invest longer. Long-term investments bring higher returns. FWD Manifest rewards those who hold their investment for longer with unique bonuses to encourage more Filipinos to focus on their goals: continue to grow their wealth, build their retirement savings, start a pandemic-proof business, focus on the preparing their children’s education and many other plans that may have been put on hold.
Invest with specific goals in mind. Manifesting dreams only works when goals are set and implemented. “What makes you happy? What is your passion? What interests you?” “Then invest your time and effort. Sign up for courses, improve your skills. Act on it. Be patient,” Ces said. Ces also suggested finding a mentor to guide you in the right direction. Watch, watch and learn from what they do. A financial advisor is the right person to talk to when deciding what type of insurance can help grow and protect investments. Whether it’s starting a business, raising a family, or transitioning to a new career path, FWD Manifest offers Filipinos financial security to empower them to pursue their goals, no matter what they are.
Invest at all stages of life. Different phases of life bring different challenges and the FWD Manifest investment-linked insurance is a reliable companion to prepare for any uncertainties. “Life is full of surprises and challenges. Saving shouldn’t be the only plan, you should also look at all life stages and the possible risks you may face and imagine yourself in these situations. Make sure that whatever stage you are in, you are protected from uncertainty and able to celebrate your life,” Jun concluded.
To learn more about FWD Manifesto and how it can help you achieve your goals with strong life protection and intelligent wealth investing, visit fwd.com.ph/manifest/.