13/03/2020
To all my clients,
So the market went crashing today as it has been doing so the past few weeks. This has been a cause of concern to many along with the COVID-19 pandemic. So "what are its implications to my insurance/investment plan?"
1. For those with investments (UITF, Prumilionaire and PIA) like me, hold on to your investments. Our economy is geared to outlast this because our fundamentals are stronger than ever. Do not withdraw... Hold on to your funds... I also advice against switching funds.
2. For those with regular-pay VUL programs (Prulink Assurance Account plus, Elite Series and etc.), your policy has a guaranteed amount whatever happens. Your Hospitalization, critical illness and death benefits are all guaranteed. Re the investment portion, now is a good time for additional top ups to continue building up your fund value. And again, do not withdraw...
3. For those with traditional plans (Prulife, PruLife your term and etc), don't mind the stock crash, your benefits are guaranteed.
4. For those who haven't started investing yet, consider this a great opportunity to start.
If you have any questions, feel free to send me a message.
In times like this, (community quarantine, forced leaves and such) your emergency fund is your first line of defense, make sure you have one. ππ
Your Friendly Financial Advisor,
Pariz San Juan