AXA invites Filipino-Chinese community to fail proof future
Around 250,000 Filipino families fall into a lifetime of financial hardships due to illness, with nine out of 10 Filipinos forced to use up their savings at a time of critical illness. Only 15 out of every 100 Filipinos are prepared to leave something behind for their families should something happen to them. Among retirees, only 9% are living comfortably, while the rest are just getting by or are living in poverty. More than 75% of Filipino elementary schoolchildren don’t make it to college, and only 15% get to finish college.
With these startling figures reflecting the need for increased financial literacy, AXA Philippines is inviting the Filipino-Chinese community for a “Fail Proof Your Future” seminar on Saturday, July 20, 2013, from 9 a.m. to 12 p.m. at Ramada Manila Central, Binondo, Manila.
“Throughout the year, Filipinos celebrate various milestones, such as the first day of school, a promotion to a dream job, and the transition from a storied career to retirement,” said Rien Hermans, President & CEO of AXA Philippines.
“We believe that these milestones are not only worth celebrating, but are also worth planning for. However, we’ve seen some very alarming statistics that point to the fact that many Filipinos do not prepare for their future.”
“Incomes are increasing, the economy is developing positively, so people have more money to spend, save, and take care of their financial future,” he added. “We at AXA are here to give our customers what they need to support and allow them to manage their financial future.”
“’Fail Proof’ Your Future’ is just one of the ways that we are reaching out to prospective customers,” Hermans further shared. “We will be running Fail Proof pocket sessions throughout the year in key cities nationwide to reach as many people as we can. We are optimistic that through these kinds of initiatives, we will be able to connect with more Filipinos and allow them to see the possibilities of having a secure, stable, and fail-proof future.”
Helping attendees understand the importance of saving and investing for the future personal finance coach Randell Tiongson.
Attendance to the “Fail Proof Your Future” seminar is free of charge. To register, please contact Montini de Guzman at firstname.lastname@example.org.