More and more young, working men and women are looking at the options for investment, and are acknowledging the need to be insured. Still, investment instruments and insurance seem for most to be something out of reach except to those who earn incomes with an overflow over and above their expenses. In reality, we all should be saving money regardless of how much we earn, and we ought to study the options for earning the highest possible returns on our savings.
There are a lot of investment products in the market but there is one that’s making heads turn, because it gives investors access to the securities market for a very reachable annual amount. Another reason this product is attracting interest is the inclusion of one-of-a-kind insurance benefits that take into account the risks that can cause the investor to lose his ability to earn. It’s called Head Start, and it’s from Pioneer Life, Inc., one of the leading life insurance companies in the Philippines and a member of the Pioneer Group, which has served Filipinos for over half a century.
As a man (or woman) approaches his 30s and 40s, there is a tendency to begin thinking seriously about creating an estate – a fund that will help him attain his long term goals, a pot that can be drawn upon to start a business or pay for college tuition or fund his retirement years. “Many people don’t realize that the best way to make their savings grow is to invest in the securities market, stocks and bonds – that’s where growth is achieved,” says Rolly Robles, SVP and Head – Professional Sales Agency, Pioneer Life. “What Head Start does is it enables you to invest in the securities market through pooled investment instruments.” With Head Start, you can set aside an annual savings that’s not to steep, and Pioneer invests it for you in carefully selected stocks and government bonds. Invested wisely, your money grows faster. Not only that, your investment comes with substantial life insurance coverage. While there are other variable life insurance products out there that offer its investors similar investment features, what makes Head Start stand out are the three guaranteed benefits that cover the investor when the risk of accident, illness and even fire strike and threaten the investor’s ability to earn or set aside money for investing. The three unique benefits are personal Accident Insurance for the insured and the insured’s spouse; Hospital Income Benefit for the insured and spouse; and Cash Assistance Due to Fire in the event fire damages the residence of the insured.
Here’s an illustration for an insured male age 40: for an investment of as low as Php31,300 a year, this is what Head Start has to offer: Guaranteed Life Insurance Coverage of Ps 1 Million; Personal Accident Insurance worth Ps1,000,000 for the insured and Ps 500,000 for his spouse; Hospital Income Benefit of Ps 10,000 per day, per illness per year for the insured, Ps 5,000 per day, per illness per year for his spouse. In case of fire, the insured receives Cash Assistance worth Ps 1,000,000 maximum, with the actual payout dependent on the percentage of the damage sustained; if 70% of the home is damaged, then the cash assistance will be Ps 700,000.
The above is simply an illustration of what Head Start guarantees. If you are 30 and raring to invest, then even better – in insurance and investments, the adage “the early bird catches the worm” certainly holds true. If you want to be smart about your financial future, the time to start is now, and there’s no better way than to get a Head Start. This unique product is definitely an affordable and wise option worth considering.Â
