Sun Life Grepa Financial, Inc. has encouraged Filipinos to financially secure their future, as recent global index ranked the Philippines as the second worst retirement countries in the world.
Richard S. Lim, Sun Life Grepa president said relying solely on government pension will not be enough during retirement as one’s income decreases while expenses increase on bills, travel, home improvement and inevitably, medical or long-term care.
“We are aware of the struggles and challenges facing the Philippine landscape when it comes to retirement, insurance, and protection,” Lim said.
“[But] there are various ways to prepare for the golden age of retirement so Filipinos can live their sunset years more comfortably without worrying about the burden of expenses,” he noted.
Earlier, the Mercer-CFA Institute’s Global Pension Index, which benchmarks global retirement income systems, listed the Philippines 43rd out of 44 economies with the country receiving an overall grade of “D.”
This grade indicates that the pension system in the Philippines has desirable features but also possesses major weaknesses that need to be addressed.
Coming from this index, Sun Life Grepa has provided options for sustainable retirement benefits.
Lim said that with the volatility of inflation and increasing cost of living especially when it comes to elderly care, it is important to prepare for a future that covers these concerns.
“Sun Life Grepa would like to be a part of a more financially literate and healthy Philippines and equip our kababayans with knowledge, products and services that could help plan and prepare for the years ahead,” Lim said.
Some of the Sun Life Grepa products that are relevant to address retirement needs include Sun Grepa Power Builder 5 or Sun Grepa Power Builder 10,
This life insurance option provides protection up to age 88 and coverage that is at least double the policy’s Face Amount.
Another one is Sun Grepa ProSecure Plus, where you can get life insurance coverage that is double the Face Amount from Day 1 up until the age of 100.
Make your golden years one of the most exciting and fulfilling times of your life. There is more to retirement than just sitting around and watching life go by.
It is a time to live life to the fullest, pursuing interests and passions as well as maximizing things that matter in one’s life. You can prepare for a comfortable and experience-filled future with Sun Life Grepa.
SIGN UP TO DAILY NEWSLETTER
CLICK HERE TO SIGN-UP