Give Your Child the Bright Future He Deserves
It is every parent’s dream to see his/her children graduate from college and secure a stable life. With the future becoming increasingly unpredictable, education has become all the more valuable in giving one’s kids a chance to succeed in life and have a better and brighter future.
Unfortunately, not all children will be able to fulfill their dreams due to financial constraints.
According to the Commission on Higher Education (CHED), 81% of primary school students won’t be able to enroll in college. The reason behind this is the increasing cost of tuition fees for college education.
On the average, tuition fees increase by 10-15% annually. Assuming a 15% annual increase, the cost of private education, which is currently at P30,000 to over P100,000*, will range from P 280,000 to P 1,000,000 after 16 years. Thus, a 4-year college course may stretch from 1 million to 4 million pesos.
And that's just for tuition fees alone. Compounding this base amount are many other expenses like food allowance, boarding costs, school supplies and the like.
And that’s just for tuition fees alone. Don’t forget there are school supplies, food allowance, boarding cost and other miscellaneous fees that will certainly compound this amount.
To be able to secure your child's future and help him achieve his dreams, you need to plan your finances ahead. That's why Philam Life offers Bright Future Plus, an education and life insurance plan-in-one.
Bright Future Plus offers the following benefits:
- Guaranteed college education fund for your child.
- College education fund pay-outs are timed with the college age of your child (age 16 to 19) and enrollment period.
- Benefits are guaranteed so they may be used for any school and any course chosen.
- You can choose how much you want to receive in benefits on the 16th year of your child.
- Life insurance for you and your child. Both you and your child are insured, so no matter what happens to you, your child’s education fund is secure and your child can still fulfill his/her dreams.
- Payment period options that suit your budget. You can pay within 5 years or until age 12 or 16 of your child.
So, anong plano mo?
Start planning for your child's college education today. The earlier you start, the more time you have to build your savings!
Usap tayo. Call your Philam Life Financial Planner now at (02) 528-2000.
* Data gathered from school accounting, admissions and registrars’ offices.
Contact a Philam Life Financial Planner
Contact us at (02) 528-2000 or
email us at philamlife@aia.com.
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