An unexpected family expense, a career-related event, or a major expense from an unforeseen life event can impact your family's financial plans and major goals.
For successful young families, accumulating finances to achieve big goals such as buying a house, buying a car or investing in children's education is a proud journey. The increasing numbers in savings books, investment portfolios or real estate are all proof of their efforts and discipline in financial management. However, the path to accumulation is not always smooth.
Unpredictable "showers"
Unexpected “showers” can slow down the journey to achieve big goals for young families, making it even more slippery and difficult. It could be an unexpected family expense, an event that affects work, or a large expense from unpredictable risks in life.
Faced with such situations, many families, despite having a solid financial foundation, still fall into a passive state. The accumulated money that was originally intended for long-term dreams - such as buying a house to "settle down" or investing in a bright future for their children - is suddenly withdrawn to deal with emergencies. "Burning" the accumulated money not only disrupts the proposed plan but also creates great pressure to restore finances to their original state.
Financial “showers” not only make the road to dreams longer but also more challenging. For many young families, a seemingly secure financial plan becomes fragile when there is a lack of a strong enough “layer of defense” to protect assets and income from unexpected events.
“Defend” early to protect the big goal
Currently, there are many backup solutions that young families can choose from as a "defensive" solution to protect their dreams and big goals.
For some young families, an emergency fund can help them get by in an emergency. However, the reality is that not all families have 6-12 months of living expenses ready to deal with major risks. Some families choose to invest in real estate or long-term funds, but when they need money urgently, they may have to suffer losses due to early withdrawal or selling assets at low prices. Therefore, this plan should be a long-term "umbrella".
Life insurance is considered timely because it not only acts as a financial “shield” against almost immediate health and life risks, but also a tool to help young families ensure long-term savings plans. When one of the two pillars has an accident, the payment benefits from life insurance will help the family maintain financial stability, protect major goals such as buying a house, raising children or investing for the future.
To meet this need for health protection, Prudential recently launched the program "One health solution, happy family". Specifically, when customers participate in the general linked insurance products including PRU-Active life, PRU-Optimal protection, PRU-Mature luggage, PRU-Steady or the unit-linked insurance product PRU-Flexible investment, and attach the health protection supplementary insurance product PRU-Healthy luggage, they will be able to participate in the promotion program with a gift of a Shopee voucher worth 300,000 VND, the voucher can be used to buy e-vouchers for personal accident insurance products PRU-24/7 protection and personal accident insurance PRU-Happy Life, which can be purchased for themselves or for relatives to enhance protection.
Promotion period from October 1, 2024 to December 31, 2024 with a total prize value of up to more than 3.6 billion VND with the number of gifts up to 12,258 Shopee vouchers during the program.
With the accompanying Shopee voucher that can be used to purchase insurance products online, customers can not only easily activate and manage anytime, anywhere, but also increase protection benefits for themselves or their loved ones. Customers can use the incentives from this promotion program to purchase insurance contracts for themselves or their family members to increase protection. For details on the promotion program, please refer to: https://www.prudential.com.vn/vi/chuong-trinh-khuyen-mai/mot-giai-phap-suc-khoe-ca-gia-dinh-an-vui/
(Source: Prudential)
Source: https://vietnamnet.vn/smart-finance-is-a-dangerous-risk-before-the-sea-co-2355608.html
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