Jesely B. Pecadizo - Sun Life Advisor

Consider getting adequate insurance coverage

If you have hit your 20s, congratulations you have just completed the first part of your life. However, Financial planning never stops. Here are 4 TIPS to help you kick start your financial path for the next 20 years.

1. Build up an annuity so you keep getting basic regular income in the interim. You do not need to take off from work in the future.

2. Keep money aside (if extra) for commitments such as school fees and or a more comfortable retirement; we all know for a fact even after suffering a critical illness, longevity of life is still an issue; people are living longer even after suffering a critical illness; or would you prefer being a burden on your children?

3. If you plan to invest in a property, do not leverage the property as the liability may be too big to recover from in the event of another mishap and use the rental income to create an annuity.

4. Update insurance policies for other members of the family so that if anything did happen to them; the breadwinner who already suffered a critical illness may not physically be able to handle multiple responsibilities.

If you are a client reading this: Speak to your financial advisor today and read up to self educate. It is always better to start early.

If you are a financial advisor reading this: Please share this with your clients and friends who you think should be aware this.

If you are a financial advisor looking to upgrade yourself to better value add your clients, come join me at Final Sprint 2021: https://bit.ly/3AUYoOd

I understand insurance is not a common topic among millennials because most of you guys have a feeling of INVINCIBILITY in you. You are generally healthy and likely not concerned about the RISK of an untimely death.

I can absolutely relate to it because I have been in that stage of invincibility and my advice is NOT TO neglect it while you are YOUNG.

Some of you guys do not consider that there is a need, and in fact, a long-term benefit and how life insurance can fit into your financial security plan.

Here are SIX REASONS to consider purchasing a policy, even if you’re not married:

✅You're not likely to be single forever: Buy a policy now, and you can just build on your existing coverage once you're married, instead of starting from scratch when you're older.
✅It’s CHEAPER to buy a policy when you’re young and healthy. Depending on the type of life insurance you buy, a policy can also be a forced savings vehicle.
✅If your parents (or other family member or friend) co-signed a student loan or a mortgage with you, they’ll be fully on the hook for the amount owed in the event of your passing. The last burden a grieving family member needs is a loan company hounding him or her for payments.
✅Life insurance can be a great way to leave a LEGACY to nieces, nephews or anyone else. That list also includes your favorite charity.
✅You could buy a single policy that would pay a lump sum to the organization or have the policy paid to a trust and CREATE an INCOME STREAM for as long as you desired.
✅Life insurance is at the foundation of the financial planning pyramid. Bad things happen. And when they do, life insurance is the ONLY product that provides the right solution for that moment in time. Your chances of dying are one out of one. It's just a matter of WHEN.

If you are a client reading this: Speak to a financial advisor today and read up to self-educate.

If you are a financial advisor reading this: please share this with clients who you believe needs to read this.

I understand insurance is not a common topic among millennials because most of you guys have a feeling of INVINCIBILITY in you. You are generally healthy and likely not concerned about the RISK of an untimely death.

I can absolutely relate to it because I have been in that stage of invincibility and my advice is NOT TO neglect it while you are YOUNG.

Some of you guys do not consider that there is a need, and in fact, a long-term benefit and how life insurance can fit into your financial security plan.

Here are SIX REASONS to consider purchasing a policy, even if you’re not married:

✅You're not likely to be single forever: Buy a policy now, and you can just build on your existing coverage once you're married, instead of starting from scratch when you're older.
✅It’s CHEAPER to buy a policy when you’re young and healthy. Depending on the type of life insurance you buy, a policy can also be a forced savings vehicle.
✅If your parents (or other family member or friend) co-signed a student loan or a mortgage with you, they’ll be fully on the hook for the amount owed in the event of your passing. The last burden a grieving family member needs is a loan company hounding him or her for payments.
✅Life insurance can be a great way to leave a LEGACY to nieces, nephews or anyone else. That list also includes your favorite charity.
✅You could buy a single policy that would pay a lump sum to the organization or have the policy paid to a trust and CREATE an INCOME STREAM for as long as you desired.
✅Life insurance is at the foundation of the financial planning pyramid. Bad things happen. And when they do, life insurance is the ONLY product that provides the right solution for that moment in time. Your chances of dying are one out of one. It's just a matter of WHEN.

If you are a client reading this: Speak to a financial advisor today and read up to self-educate.

If you are a financial advisor reading this: please share this with clients who you believe needs to read this.

If you are a financial advisor looking to upgrade yourself to better value add your client, check out the book I’ve prepared for you here: https://bit.ly/3hTMdK6

Now is the perfect time to begin building your future!

You know what's stopping you from building a better financial future? Your EXCUSES.

Overcome these 5 excuses and you should be on your way towards financial fredom.

Take the time to rest when you are tired.

As we enter a new week, leave the past behind. No matter if it’s a win or a loss, leave it behind. The only power your past has over you is what you allow it to give you.

Don’t let your past mistakes define who you are. Live in the present while hoping for the best in the future.

Good Morning!

As we enter a new week, leave the past behind. No matter if it’s a win or a loss, leave it behind. The only power your past has over you is what you allow it to give you.

Don’t let your past mistakes define who you are. Live in the present while hoping for the best in the future.

Good night everyone.

Be careful selling your future income to someone else!

Remember Ka-TGFI, “The more skilled you become with money, the more possible your dreams can be”. Protect your income para ikaw mismo ang yumaman, HINDI ang iba.

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Tips in building your emergency fund from the expert The Randell Tiongson.

Is it possible to SAVE and ENJOY your money at the same time?

Most people (especially the young ones) delay saving because they want to spend it all and feel instant gratification. But let me tell you this, there are ways to save for your future while still having a portion for guiltless spending.

READ: http://www.randelltiongson.com/save-enjoy-money-time/

I would go with an advisor who knows his products thoroughly, can answer most of your inquiries, can conduct a good needs analysis, and will put your interest first before his sale.