Financial Planning for Those You Leave Behind

Are you looking at financial planning for those you leave behind? We have to admit the fact that we will soon leave our family behind. It could be because of old age, illness, or worst, due to an accident. And if you love your family, you should be thinking about ways how to help them cope with loss financially speaking.

I have always thought about financial planning but I have to admit that I have yet to take action. I am considering one for when I’m old and gray. And if you’re looking at financial planning for those you leave behind, I’m one with you on that. I know it’s time to get started and so I’m doing my research as well.

FWD Life Philippines, one of the country’s fastest-growing life insurers, has introduced a series of new protection plans that can be tailored to meet individual customer needs. “FWD’s Set for Tomorrow will provide protection for the people we love and care about. The coverage amount and period can be customized to any personal situation and budget. Our aim is to make real and substantial protection accessible to everyone,” said FWD Life Philippines President and Chief Executive Officer Peter Grimes.

We were introduced to the new plans through the FWD Praxis Board Game. The board gamifies real-life scenarios– every turn allows players to test their financial decision-making skills and with a little bit of luck, and Set for Tomorrow plans thrown in the mix, the ebb and flow of Praxis cash decide the fate of their retirement and stability!

The experience allowed me to see how I view financial opportunities at the moment and how I should do my very own financial planning to maximize income potential and allow for peace of mind. It definitely made me more interested to look into various financial services such as FWD’s Set for Tomorrow plans.

FWD Insurance HR Manager for People and Culture Ana Katrina Guarin (background, peach blazer) gives players the overview of game mechanics as Praxis Game Master and discusses FWD Set for Tomorrow plans

From the looks of it, the Set for Tomorrow plans is ideal for those who want to get started financial planning at any stage of life. Dubbed Set for Tomorrow, the insurance product has three variants that address the different needs to take care of those left behind should the unexpected happen—Short Term Cover, Income Protector, and Estate Protector.

“Set for Tomorrow caters to Filipinos from 18 to 70 years of age, from young urban professionals to retirees,” Peter added. “With very basic social security, many professionals have an enormous protection gap.”

Taking responsibility to protect those you love

In today’s uncertain world, FWD’s latest insurance product is there to protect the ones you love. Three common reasons that lead to financial problems for those left behind include:

• People have loans and accountabilities that are transferred to their family if they are no longer around.
• Raising a family requires time and money. Also, if the breadwinner falls away, the family will still need money to continue living a life with dignity.
• People who build up wealth worry about what they leave behind and especially how to best avoid a family crisis in settling estate taxes and dividing assets. As part of any estate planning solution, long-term insurance coverage is essential to evenly share the assets and ensure those left behind feel equally treated.

Solutions that provide guaranteed protection and give you peace of mind

FWD’s Set for Tomorrow has three variants that meet the needs of the modern Filipino. Short Term Cover is an affordable term life plan that provides guaranteed life insurance coverage for five or 10 years.

Head of Marketing Roche Vandenberghe (first from the right) with the FWD Praxis Game Top Finishers

Income Protector ensures that your family can continue their life even if you are no longer around. Lastly, Estate Protector is a whole-life plan that provides guaranteed life insurance coverage until 120 years of age.

FWD wants to guide people in fitting the right variant, protection amount, coverage period, and payment terms to the customer’s preferences and abilities. With this in mind, FWD launched an online calculator “Cali”. By answering just a few questions, Cali allows you to determine the best solution for you and your budget. To find out the Set for Tomorrow plan that’s perfect for your budget and insurance needs, simply visit cali.ph/SetForTomorrow.

A visit to the online calculator site is enlightening because it’ll give you the results that will tell you how much you need to invest in to get started with your financial planning. It’s something that everyone should check out to determine you’re financial capacity as well.

The Set for Tomorrow plans are now available through FWD Life’s Financial Wealth Planners. If you’re interested to get started financial planning for your family, you may call the 24/7 FWD Customer Connect Hotline at (02) 888-8388 or chat with a Customer Connect Executive via FWD’s 24/7 Live Chat (www.fwd.com.ph) to set an appointment. The plans will also soon be available at all branches of Security Bank, FWD’s bancassurance partner.