Investing in Your Whole Self: How Filipinos Can Save for a Better Future

In the rigors of daily life, it can be easy to neglect the basics of physical and mental well-being. Between work, family responsibilities, and the rising costs of living, finding the time and resources to protect your financial well-being also often falls by the wayside.

A recent Manulife study shows that Filipinos surveyed are increasingly concerned about maintaining their physical, mental and financial well-being in years to come. The 2024 Manulife Asia Care Survey revealed that while Filipinos have high aspirations for the future, increased costs of living impact their confidence, especially when it comes to their finances.

As Filipinos navigate economic challenges today, most of them are already looking into planning for the future, including securing financial safety nets, such as having passive income (43%), building emergency savings (39%), and finding ways to attain financial freedom (32%) after retirement. However, these goals are perceived to be difficult to attain due to the rising healthcare costs (82%), threats of inflation (81%), and economic slowdown and recession (78%).

“Many Filipinos are grappling with a number of challenges that are impacting their ability to feel secure about their overall well-being within the next decade, including their financial confidence,” said Grace Mallabo, Chief Health and Products Officer, Manulife Philippines. “It goes to show that a holistic approach to health and wellness—one that addresses physical and mental well-being, as well as financial preparedness—is very important.”

One way to give you and your families peace of mind to focus on living your best lives at present is by preparing for the future through a reliable savings and life insurance plan. Whether it is ensuring that your family is cared for in the event of an unexpected health emergency, or building savings to help fund your dream retirement, your child’s education, or your passions, protection plans like Manulife’s Freedom can serve as a valuable safety net through life’s ups and downs. 

 

Freedom offers guaranteed cash payouts – 10% of your face amount – which customers can choose to receive every two years after full payment, or they can opt to leave it to accumulate until maturity. It also has a guaranteed one-time cash benefit, either after 20 years or at age 65; as well as guaranteed life insurance protection equivalent to 200% of the policy’s face amount.

 

China Bank and China Bank Savings customers can also enjoy the same guaranteed benefits with Manulife China Bank Life’s Assure Max. 

 

More than the financial shield that comes with insurance, building an emergency fund, sticking to a budget, and making sound financial decisions are also valuable on your road to holistic wellness. 

 

Achieving a more financially secure future may not always be easy, but it is a worthwhile journey that can provide long-term benefits. By taking proactive steps for your physical, mental, and financial well-being today, you can live a worry-free present and tomorrow.