Whether
through high-interest savings accounts, savings plans, and
educational plans, parents invest in various tools to help them
finance the needs of their children as they grow into adults.
However, parents need to look at their own future beyond the needs of
their kids as well. Their need for financial security and health
protection continues even after retirement, which might make it
difficult for them to allot funds for those needs. Keeping their
finances secure with a tool that can protect their health and future
income is essential so they don’t deplete their savings should an
emergency arise.
In
2016, the World Health Organization said that life expectancy across
the globe has increased by five years since 2000. This is a result of
better access to basic healthcare and innovations in preventing
treatable diseases. While this information bides good fortune, there
is a growing need for older adults to better plan for their futures
when they no longer receive a regular income after retirement.
Life
just as planned
The
usual route to compensate a medical need is to turn to one’s
savings, however with the rising cost of healthcare globally, this
could easily deplete funds for the future. That’s why when it comes
to assurance, especially with one’s health, a better option for
preparation is a comprehensive health plan.
Most
adults depend on health plans provided by their company but are
limited by many criteria. There are limited conditions and
beneficiaries covered by health plans, typically carried out by HMOs.
The biggest consideration is that when the employee leaves the
company, the health plan also terminates. This becomes problematic
for parents who are going into retirement, or retired parents of
policy holders.
There
are many pros and cons to weigh in choosing the right insurance plan
but having a separate one independent of employment and any other
external factor is the best choice. It’s also important that the
insurance provider has a suite of products that can answer both
financial and physical needs, as well as a strong infrastructure that
makes claims easy to process.
That’s
why there is BPI-Philam Critical Care Plus.
The
Real Coverage of Good Health Insurance
Critical
Care Plus is a variable life insurance that provides coverage against
a wide array of major diseases and critical illnesses and sets aside
funds for rainy days. It's a double-advantage policy that gives life
insurance coverage, securing the family against financial strain in
an emergency, and health coverage which pays for medical bills that
may arise in the future, allowing families to keep their savings
undisrupted.
With
Critical Care Plus, the insured automatically gets a cash benefit
upon diagnosis of any of the covered critical illnesses. He or she is
also exempted from making any future payments to the policy to focus
on getting better.
Before
that happens, however, Critical Care Plus, as part of BPI-Philam’s
Wellness Series, provides rewards and benefits for the insured
through Philam Vitality.
Philam
Vitality gives the insured a better understanding of their health’s
current state and what they can do to better it. The program also
provides upfront additional coverage of 20% while the insured’s
lifestyle is improved through health-improving decisions, amplifying
their choices with fun and practical rewards like exclusive discounts
on lifestyle products and services.
Integrated
with Philam Vitality, Critical Care Plus also promotes a balanced
lifestyle through deals on medical services as well as gym membership
so they can really commit to a new active lifestyle.
Critical
Care Plus also builds a health fund over time that can be used for
additional medical services, or any expense they might also
have--assisting policy holders whenever they have need of it.
With
the proper plan in place, parents can be assured that they and their
families can enjoy the lifestyle they live now worry-free until the
many years to come.
The
journey towards a secure and better future starts with a plan, and
the best one gives a whole lot more when kept for longer. Visit
BPI-Philam's official website www.bpi-philam.com
or
Facebook page www.facebook.com/BPIPhilamOfficial
to know more about Critical Care Plus and all the other solutions in
the Wellness Series. Each BPI and BPI Family Savings bank also has
Bancassurance Sales Executives ready to give expert advice so anyone
can live life just as they planned.
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