A Smarter Way to Prepare for Retirement

The good news is more and more people now recognize the importance of planning for retirement. But how much would be considered enough? Having a savings account and pension plan is good as a baseline, but factors like inflation must be considered. So, your retirement plan should go well beyond that.

A smarter option is to get insurance with investment. The key benefits of an investment-linked insurance for retirement include:

1. Wealth Accumulation     

Confidently reach your retirement goals by going beyond personal savings and tapping into investment growth opportunities. Many types of insurance with investment allow you to allocate a portion of your premiums to various investment funds. This way, you can participate in local and global financial markets' growth potential, providing an opportunity to build wealth over the long term. Ultimately, this helps you acquire wealth while protecting your retirement nest egg from inflation.

2. Protection for You and Your Family

State-mandated pension schemes and savings accounts don’t protect you and your family enough from the unforeseen burdens of critical illnesses, accidents, and death. An investment-linked insurance does! While you accumulate wealth, you and your family are also protected from the financial impact of these uncertainties. 

3. Flexibility  

An investment-linked insurance gives you the option to adjust your investment allocations based on changing market conditions or personal financial goals. Additionally, depending on your plan, you may be able to withdraw a lump sum or choose to have a steady income stream every year. 

Start Building Your Retirement Plan as Early as Now with Manulife FutureBoost Retirement

Your retirement may seem like decades away, but each day, it comes closer and closer. That’s why today is the best time to start planning for it. Manulife FutureBoost Retirement is a powerful solution if you want to go beyond savings and pension for your retirement. You can optimize your retirement planning through the plan’s unique automatic fund management feature. This allows you to maximize your returns in the early years and minimize risks as you approach retirement age, thus, preparing your for a comfortable retirement.

References:

1. https://www.pna.gov.ph/opinion/pieces/407-what-keeps-filipinos-from-preparing-for-the-future-
2. https://business.inquirer.net/310472/80-of-retiring-pinoys-not-financially-prepared
3. Filipinos view the challenge of health longevity with growing concern – Manulife survey shows
   
4. Finances and Retirement (manulife.com.ph)