Protecting financial health
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Transcript of Protecting financial health
Help you to Better Understand:Where you are nowWhere you want to be; andHow you are going to get there.
Pru life Uks Code of Practice
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.”
Your Financial Situation
Income
Food
Home Rental / Home mortgage
Clothing
Car /TransportationExpenses
Education
Vacation / Travel / HobbiesLeisure / Vices
Basic Salary/GI – Basic Expenses = Net Disposable Income
Savings
Food
Home Rental / Home mortgage
Clothing
Car /TransportationExpenses
Education
Pru Life UK premium
Vacation / Travel / HobbiesLeisure / Vices
Basic financial expenses
Which of these Basic Expenses
Accumulate Savings?
No
No
No
No
No
No
YES
Your Financial Situation
People usually have three types of needs: medical income replacement and retirement or wealth accumulation
If you do not get sick or disabled, you are very fortunate because you will ultimately be able to reach the highest level, which is accumulating money for yourself.
Medical Needs
Income Replacement
Retirement/
Wealth Accumulation
Three Basic Needs
Did you Know?
Critical illness and accident do not choose who, when or where to strike.
Diseases of the Heart by
Age Group
65 & above (32%)
50 - 64 (34%)
15 - 49 (32%)
Hypertension by Age Group
15 - 49 (34%)65 & above (26%)
50 - 64 (40%)Source: Health Statistics, Department of Health 2002
Critical Illness is the #1 killer
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 SITUATION IN THE PHILIPPINES by ELIZABETH R. MATIBAG, MD, MPH
Health Policy Development and Planning Bureau
Research Forum,June 23,2005 Pan Pacific Hotel Manila
With the rising cost of medicines and hospitalization, getting sick can do more than just rob you of your health. It takes away precious time from your family and depletes hard-earned money for 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
IncomeFood
Home Rental / Home mortgage
Clothing
Car /TransportationExpenses
Education
Savings
Vacation / Travel / HobbiesLeisure / Vices
Hospital bills / Medicines??
Medical careBorrow
In case you become sick, who will pay your medical bills?
If you are unable to work for a long period due to hospital confinement, do you think your employer will continue to pay you a salary when all your sick leaves have been exhausted?
If this happens, where will you get the income to provide for your family?
Did you Know?
What are your Priorities Today?
ProtectionDeathDisabilityCritical Illness
Funds AccumulationEducationRetirementSavings
Medical Needs
Income Replacement
Retirement/
Wealth Accumulation
What are your Priorities Today?
Is your family dependent on you?If your income was to stop, what would you and your family do?
If you were diagnosed with critical illness, would you have half a million pesos in cash today?
“I can help you ensure that you protect yourself and your family from financial hardship, should something unforeseen happens.”
Did you Know?
“A good Education is one of the most valuable assets you can give to your child”
46% of total education expenses come from household Funds
The Level & quality of education directly impacts on an individual’s chances of employment
Only 14% of Filipino children graduate from College
In the past 10 years, school fees have increased by 10% per year.
What are your Priorities Today?
“A good Education is one of the most valuable assets 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?
What are your Priorities Today?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 children
for financial support23% of Filipinos are still working after retirementIn 1970, life expectancy was 75 years; today, it is 71
What are your Priorities Today?What are your Priorities Today?
“Are you prepared for the longest holiday of your Life?”
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?
What are your Priorities Today?What are your Priorities Today?
Did you know?
The average cost of a traditional wedding in the Philippines is P 250,000.
6 out of 10 Filipinos DO NOT saved money from their salary.
A “medium price” house costs approx P3,000,000.The average monthly payment for a car is P14,000.
What are your Priorities Today?
ProtectionDeathDisabilityCritical Illness
Funds AccumulationEducationRetirementSavings
Have your priorities changed?
Are you Insured?What does statistics Say?
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%
http://opinion.inquirer.net/inquireropinion/editorial/view/20100618-276354/Rich-and-poor
Are you Insured?What does statistics Say?
How Can I Help You?
The Pru Life UK Services:Help you understand what your
requirements are;Provide recommendations to address
your needs; andHelp you understand how your priorities
can be achieved.
Pru Life UK
SECURING YOUR FINANCIAL FUTURE
Contact:
Ruel T. Rendal Email:[email protected]
I. For personal appointment
II. For those interested to be a PRU life Agent
GOD BLESS YOUR FAMILY!