We live in the modern world and we see amazing working moms hustling to create a better life for their families! I am fortunate to have served two mothers as my first two pandemic clients in 2020. Fast forward to this year, and their policies are still active!
During the community quarantine period, our meetings were confined to video calls but even then, they shared working mom struggles as they created new routines and “diskarte” for the new normal.
New Generation of Working Moms
Here are some action plans they shared when they first got their insurance plans from me to create an as normal experience for their family as possible after the pandemic season:
1. Continue working remotely from home and/or find remote sales work for added income
2. Limit trips outside to necessary errands and planned travels
3. Secure gadgets for kids for online learning and entertainment
4. Stock up on medical and cleaning supplies
5. Prepare for other major expenses, emergencies, and endowment (pamana) for the future!
These things slowly became routine for the new normal. And these moms made it work!
Once they were able to secure their habits and new routines, they were able to settle into this new post-COVID life and were ready for their financial ladder level-up. They have settled into the new times and secured their incomes, and now they want to make sure their families are provided for in case of their sudden death.
Perhaps, the pandemic made us all realize that life can be short. Plus, it does not hurt to be prepared to care for your children when that time comes.
No working mom quotes can capture the working mum struggle and grit that mothers put in every day. Single moms also experience many challenges. All good moms want their hard work to be able to last long enough to help their kids financially in the future.
Mothers are Selfless
Moms often receive gifts for Mother’s Day, but moms give us life and care every single day. That is why I always get thrilled to help moms who approach me in creating milestone funds and insurance for their families.
One of the moms who searched for ‘insurance for parents Philippines’ is a mother of three and she got a term life insurance for her kids. I shall create another post for this type of term insurance for mothers and fathers, soon!
On the other hand, the mother of one child who also got insurance for family is happy with her insurance with investment. A few months after she got her plan, her sister also looked for an insurance agent and got a plan similar to hers!
Insurance with Investment for Mothers (pamana for kids)
Moms know that if they save Php 2,000 every month in their purses or wallet for the next 30 years, they will get Php 720,000 saved for their kids.
That is why they supplement their cash savings with an insurance plan like SUN Maxilink Prime to help them create wealth for their children.
The mother-of-one I mentioned earlier saves around Php 2,050/month for only 10 years and she has guaranteed:
Php 1,000,000 for her family when she passes away.
That 1M will be helpful enough, right?
There’s more.
She got life insurance (Php 1 Million) PLUS earnings through non-guaranteed investment.
Since it’s an investment, the fund value can go up OR down, depending on the performance of the fund selected, the economy, and other external factors. But if you’re like the moms we cater to, you know high-risk high rewards can be helpful in the future!
Back to what this mother can earn on top of her Php 1M life insurance, her investment can give her withdraw-able fund value in the future once it grows!
How much can the investment earn after 10 years?
It can be anywhere from Php 234k - 286k more or less
After 20 years?
It can be anywhere from Php 337k - 605k more or less
...and so on! Again, these withdraw-able investments listed above is on top of the Php 1 Million life insurance! if this plan is taken care of for a long time, it can definitely be a source of pamana for kids.
Where can she use this withdraw-able investment fund value?
Travel Funds for Family
Emergencies
House or Car down payments
Tuition
And more!
What is great about the company’s insurance with investment plans Is that it can be tailor-fit to your budget or the coverage your family will receive in case of the worst-case scenario!
There are also options to pay one-time, five years only, ten years only, or regular pay!
Feel free to send us a message or set a free coaching session so that we can check which plan is fit for you and your family!
About France Afulugencia
Coach France is a Macaulay Club member. A personal finance advocate, she dreams of helping clients achieve their personal goals through habit building. She graduated magna cum laude from the University of Santo Tomas and worked as a senior marketing and public relations associate before being a full-time financial advisor.
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