Take charge of your money game.
Managing your career, raising children, and caring for aging loved ones are some of the tasks that many women have. Also, women are earning more than their partners or they are functioning as single parents and heads of the family. Even homemakers have unmatchable esteem for their work at home. Consistently, the role of women in the family and the business world has changed a considerable amount.
We believe that building your financial literacy and confidence is essential for achieving your financial goals, which is why we offer a variety of expert resources and insights to help you unlock your financial potential. We also offer our selection of financial products from Manulife Philippines that are designed to meet the unique needs of high-income moms who are looking to boost their financial confidence.
Financial Planning for Today's Well-to-do Moms
As a well-to-do mom, you wear many hats and juggle many responsibilities. From managing your household to raising your family, your plate is always full. That's why taking the time to plan your finances is crucial. Financial planning can provide you with the tools and resources to help you achieve your goals, whether it's saving for your child's education, building your retirement fund, or protecting your family's future. It's an investment in yourself and your family that can pay off for years to come. Financial planning helps you take control of your financial future and achieve the peace of mind that comes with knowing you're prepared for anything.
These are some of the many elements and benefits of investing in financial planning:
Legacy planning
Help ensure that your loved ones are taken care of in case something unexpected happens.
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Retirement planning
Prepare for a comfortable and financially secure retirement.
Retirement planning involves setting aside money and creating a financial plan to ensure a comfortable retirement. Moms can start planning for retirement early by maximizing their contributions to their retirement accounts and exploring other investment options. Retirement planning can help ensure a stable financial future for well-off moms and their families, even after they stop working.
College Education planning
Secure your child's future by investing in their education.
College Education planning refers to the process of setting aside funds to cover the cost of a child's education when he enters college or a university. With the constantly rising cost of education, it's important for parents to start planning early to ensure that their children have access to quality education, without being burdened by the high costs. By planning ahead for education costs, parents can ensure that their children receive the best education possible, without having to sacrifice their own financial stability or take on a significant amount of debt. Education planning is a crucial part of any family's financial plan and can help set children up for success in the future.
Health and wellness
Take care of yourself and your family's health.
Health and wellness is an important aspect of any family's financial planning. It's not just about having health insurance, but also about taking care of your family's physical, emotional, and mental health. This can include things like regular medical check-ups, preventative care, healthy eating habits, regular exercise, and stress management techniques. By prioritizing health and wellness in your family's financial plan, you can help ensure that you're able to enjoy a long and healthy life together. Plus, by investing in your family's health and wellness, you may be able to avoid costly medical bills and lost income due to illness or injury.
Long-term investment opportunities
Explore long-term investment opportunities that can help you achieve your financial goals.
Long-term investment opportunities are an important benefit of having a sound financial plan, especially for well-off moms who have excess income to invest. Long-term investments can provide a significant return on investment (ROI) and help build wealth over time. Long-term investment opportunities can include stocks, bonds, UITFs, VUL, and real estate investments. Long-term investment opportunities are an excellent way for well-off moms to grow their wealth and achieve their long-term financial goals. They provide the best way to invest money and can help ensure that they have a secure financial future.
Peace of mind
Enjoy peace of mind knowing that you and your family are financially protected.
Peace of mind is an intangible but highly valuable benefit that financial planning can provide. It is the assurance that comes with knowing that you have taken the necessary steps to secure your family's financial future. With a life insurance policy in place, you can have peace of mind knowing that your loved ones will be taken care of in the event of your untimely death. This can provide a sense of security, relieve financial worries and give you the ability to focus on other important aspects of your life. This can help provide peace of mind that your family will be able to pay for things like funeral expenses, debts, and other expenses, and that they will be able to maintain their standard of living even without your income.
Estate planning
Manage your estate and ensure that your assets are distributed according to your wishes.
Estate planning is the process of arranging and managing an individual's assets in the event of their death. It is important for well-off moms to plan their estate to ensure that their assets are distributed according to their wishes, while minimizing taxes and other costs. Estate planning involves creating a will or trust, naming beneficiaries, and appointing an executor to carry out their wishes. It also includes identifying and planning for any outstanding debts or expenses, such as mortgages or healthcare costs, and determining how those will be paid. Proper estate planning can provide peace of mind and help ensure that a well-to-do mom's assets are managed and distributed as she intended.
Wealth creation
VUL policies, in particular, offer a unique opportunity to build wealth over time.
Wealth creation refers to the strategies and practices aimed at increasing your net worth and accumulating assets over time. As a well-off mom, your financial goals may include building wealth, preserving your wealth, and passing on your wealth to future generations. Life insurance can be an effective tool for wealth creation by providing tax-advantaged savings and investment opportunities, as well as the flexibility to customize your policy to meet your specific financial needs. By working with a reputable life insurance company and a qualified financial advisor, you can create a comprehensive financial plan that helps you build and protect your wealth, while ensuring the financial security of your family for years to come.
Access to cash value
With whole life and VUL policies, you can access the cash value component of your policy through policy loans or withdrawals.
Access to cash value refers to the feature of variable universal life (VUL) insurance policies that allows policyholders to withdraw or borrow money from the policy's cash value account. This cash value is the accumulated value of the policy's investment component and can grows over time. With access to cash value, policyholders can use their policy as a financial resource in the event of an emergency or to fund other financial goals such as education or retirement. This feature provides a level of flexibility and liquidity that can be especially valuable for families who may need access to funds at various points throughout their lives.
Long-term care coverage
Manage your estate and ensure that your assets are distributed according to your wishes.
Estate planning is the process of arranging and managing an individual's assets in the event of their death. It is important for well-off moms to plan their estate to ensure that their assets are distributed according to their wishes, while minimizing taxes and other costs. Estate planning involves creating a will or trust, naming beneficiaries, and appointing an executor to carry out their wishes. It also includes identifying and planning for any outstanding debts or expenses, such as mortgages or healthcare costs, and determining how those will be paid. Proper estate planning can provide peace of mind and help ensure that a well-to-do mom's assets are managed and distributed as she intended.
Creditor protection
In some cases, the cash value component of a life insurance policy may be protected from creditors, offering an additional layer of financial security.
Creditor protection is another benefit that protection products can provide for well-off Filipino moms. This benefit provides protection against creditors, meaning that the cash value and death benefit of the policy may be protected from the claims of creditors. This can be especially important for moms who own a business or who may be at risk of being sued. With creditor protection, they can have peace of mind knowing that their life insurance policy can help protect their assets from being seized by creditors in the event of financial difficulties. This benefit can also provide additional security for their family's future.
Tax benefits
Maximize your tax savings.
Tax benefits are a significant advantage of investing in life insurance. The proceeds from a life insurance policy are usually tax-free, which means that your beneficiaries will not have to pay taxes on the death benefit they receive. Additionally, this can also provide tax-free income to your beneficiaries, which can help them pay for ongoing expenses. VUL policies can also help you save on taxes during your lifetime. Some policies allow for tax-free withdrawals or loans, which can provide you with a source of tax-free income during your retirement years. Furthermore, life insurance policies can offer tax deductions for premiums paid, which can help reduce your taxable income significantly.
Testimonials
“I’ve been a client for over five years now, and honestly, it’s one of the best decisions I’ve ever made. Mitch Dumlao guided me in setting up a health coverage plan that really gives me peace of mind. I feel more secure knowing that if anything happens, my family won’t need to worry about big medical expenses. I can focus on living my life without fear.”
— Angela R., Moonwalk Subd., Parañaque City
“I used to be unsure if getting extra protection plus savings was worth it, but after talking to my agent, I knew it was the smart move. He made the process so simple and helped me choose a plan that matches my long-term goals. Now I have extra security for my loved ones plus savings I can enjoy in the future. I love the balance of protection and building wealth.”
— Janine S., Sta. Mesa, Manila
“I’ve been investing for a few years now with Mitch’s guidance, and for me, it’s one of the best financial choices I made. He explained how I can grow my money through different funds and make my money work harder for me. It feels good to know my savings are not just sitting but actually earning for my future goals.”
— Carla M., Tandang Sora, Quezon City
