YOUR CHILD COULD BE A MILLIONAIRE
Every parent wants to see his or her child become financially stable. But what if someone told you that your child could have at least a million in the bank one day? It’s not so far-fetched with products like Insular Life’s First Million Fund. Introduced in 2016, this investment-linked insurance policy helps youngsters save their first million in about eight years.
How does it work? Mom and Dad jumpstart the investment by depositing the first P500,000—at one go or in installments—and the kids build up the rest as soon they start making their own money, adding as little as P3,000 each month (or P100 a day!).* And because the fund is an insurance product as well, you and your child can sleep well at night knowing your hard-earned money is protected.
Helping your child make his first investment can help him develop good money habits.