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Having financial plan crucial during uncertain times
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(Courtesy of Sun Life)
P
rocrastination is known to be a habit that many people have, for example, procrastinating on work, medical check-ups and financial planning. These habits should be avoided given the drawbacks they may cause in the future.
One of the most common forms of procrastination for millennials is related to financial planning.
The 2019 GoBear Financial Health Index (FHI) shows that as of the age of 35, many Indonesians have still not started their financial planning, and by the age of 41, most have just started their financial planning for retirement. In this uncertain situation, opportune financial planning is needed to minimize risks faced during old age.
What kind of financial plan needs to be prepared from an early age?
Some experts suggest health, education and retirement plans. There are alarming facts around these three areas.
Global Medical Trends Survey research revealed that health costs will increase 12 percent this year.
It also found that every year, educational costs increased approximately 10 to 15 percent.
Meanwhile, Data from the Association of Financial Institutions Pension Funds (DPLK) showed that only around 9 percent of society lived prosperously in retirement.
About 18 percent of society went back to work in retirement.
If you start to prepare your finances as early as possible, you will able to live a relaxing life without thinking about costs incurred, and you will confidently live your life without worry because your future is already planned completely.
By planning ahead, we are not only protecting ourselves but also our loved ones. However, when choosing the partner to help with your financial planning, make sure you choose an experienced one that has a good track record.
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients.
Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.
Sun Life has been in business for more than 150 years worldwide and has helped millions of families achieve financial security and live brighter and healthier lives. Sun life survived World War I, the Great Depression, World War II, various international economic crises and now the COVID-19 pandemic. Sun Life has been proven successful at surviving.
Sun Life understands that every customer has different preferences and needs and that, therefore, each of them has different aspirations at every stage of life.
“Therefore, we design various solutions that can suit the needs of these customers. From Sun Life’s solutions, some products can be used as investments to fulfill education funds, health protection and even retirement plans,” the company said.
“Start your planning now by visiting our website, Sunlife.co.id, and Sun Life will help you find the best solution according to your needs. Or you can watch our advertisement on our official YouTube channel, Sun Life Indonesia, or follow our Instagram account at @Sunlife_ID. Also, you can reach our Call Center at 1500 786,” the company says.
Do not postpone your financial planning for a bright and better future with Sun Life.
Secure your tomorrow today with Sun Life!
Besok Pasti, Pasti Sun Life.
