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6 Responses to “Is my SSS contribution enough as protection or do i still need to get an insurance?If yes, what’s the best for me? Im just earning 12k/month”
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Is my SSS contribution enough as protection or do i still need to get an insurance?If yes, what’s the best for me? Im just earning 12k/month
March 1, 2014 | By Fitz | Filed in: Personal Finance.
Hi Chris,
I am Jonel Plagata. Sunlife financial advisor. SSS is not enough for a decent income protection as a breadwinner of the family.
Sunlife Financial is currently the top insurance company. I can help you make the first step towards the right plan and make your life ahead so much brighter.
Looking forward to meet you. email me [email protected] for FREE personal financial assessment.
Investing is not about how much you earn, rather it is about how much you keep. You must set your goals first and always ask for guidance. Sir Fitz is encouraging people to invest also in learning. You can attend the IMG Wealth Academy Seminar. You will learn a lot. They are willing to guide you in your financial journey. That is free, so feel free to attend. 🙂
Hi Chris,
Through several informative blogs by Mr. Fitz, you must have already learned some few tips how to have financial freedom. One of them is protection from life and disability, and retirement as well, which are also provided by the SSS but may not be sufficient for you and your beneficiaries. For this reason, others get insurance depending on their needs and goals. At your age now, you should have a vision of what your priorities are. It could be education for your children, funding for a retirement or health coverage for you. If you have more than enough savings, you can also use them to start an investment and be covered with insurance at the same time. So before deciding what insurance to get, you should consult a dedicated financial advisor who could give you sound advice to address your needs and present the best options suited to your financial goals and budget. If interested and serious, I can assist you to start that goal…….. from Espie, financial advisor, email address: [email protected]
Hi Chris,
I have a few questions for you.
1. How young are you?
2. Are you single or do you have dependents?
3. The amount of protection you will need will depend on how much will be lost in case your 12k/month income stops.
This is a neat sumramy. Thanks for sharing!
hi, i think this post will help. this post will show you how to compute your SSS retirement benefits.
http://www.myfinancemd.com/sss-retirement-benefits-updated-2014-is-it-enough-for-your-retirement-needs-find-out-now/