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    Insurance Planning

    Uploaded by

    Abigail Constantino
    1. The document provides a 5-step process for financial planning: improving cash flow, eliminating debt, building an emergency fund, protection planning, and investing. 2. It discusses calculating cash flow by determining income, expenses, and savings. Expenses should be no more than 50% of income, with 30% for wants and 20% for savings. 3. Protection planning involves determining which assets to insure, such as income, health, savings/investments, education, retirement, mortgage, and estate taxes. The purpose of insurance is to prevent becoming poor due to unforeseen circumstances. 4. Tips for getting insurance include knowing needs and budgets, and types of policies. Investing objectives depend

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Insurance Planning

    Uploaded by

    Abigail Constantino
    22 views22 pages
    1. The document provides a 5-step process for financial planning: improving cash flow, eliminating debt, building an emergency fund, protection planning, and investing. 2. It discusses calculating cash flow by determining income, expenses, and savings. Expenses should be no more than 50% of income, with 30% for wants and 20% for savings. 3. Protection planning involves determining which assets to insure, such as income, health, savings/investments, education, retirement, mortgage, and estate taxes. The purpose of insurance is to prevent becoming poor due to unforeseen circumstances. 4. Tips for getting insurance include knowing needs and budgets, and types of policies. Investing objectives depend

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    1. The document provides a 5-step process for financial planning: improving cash flow, eliminating debt, building an emergency fund, protection planning, and investing. 2. It discusses calculating cash flow by determining income, expenses, and savings. Expenses should be no more than 50% of income, with 30% for wants and 20% for savings. 3. Protection planning involves determining which assets to insure, such as income, health, savings/investments, education, retirement, mortgage, and estate taxes. The purpose of insurance is to prevent becoming poor due to unforeseen circumstances. 4. Tips for getting insurance include knowing needs and budgets, and types of policies. Investing objectives depend

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views22 pages

    Insurance Planning

    Uploaded by

    Abigail Constantino
    1. The document provides a 5-step process for financial planning: improving cash flow, eliminating debt, building an emergency fund, protection planning, and investing. 2. It discusses calculating cash flow by determining income, expenses, and savings. Expenses should be no more than 50% of income, with 30% for wants and 20% for savings. 3. Protection planning involves determining which assets to insure, such as income, health, savings/investments, education, retirement, mortgage, and estate taxes. The purpose of insurance is to prevent becoming poor due to unforeseen circumstances. 4. Tips for getting insurance include knowing needs and budgets, and types of policies. Investing objectives depend

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    You are on page 1of 22

    INSURANCE

    PLANNING
    FOR YOU!

    Zyrone Glenn Jerao Sayana


    Zyrone Glenn
    Jerao Sayana

    Admin of the Bright Millennial

    Licensed Financial Advisor

    Accounting Head- Accounts Payable,

    Treasury Supervisor, Tax Accountant

    and Auditor
    What is your expection/s?
    5 Steps of Financial Planning
    Mr. Randell Tiongson

    1. Improve your Cash Flow


    2. Eliminating of Debt
    3. Build your Emergency Fund
    4. Protection
    5. Investing
    CHECK YOUR CASH FLOW

    INCOME - EXPENSES = (+)


    EXPENSES - INCOME = (-)
    INCOME - SAVINGS = EXPENSES
    CASH FLOW

    OPERATING
    FINANCIAL
    INVESTING
    PERCENTAGE OF CASH FLOW

    NEEDS (50%)
    WANTS (30%)
    SAVINGS (20%)
    MONTHLY INCOME: PHP 20,000.00
    NEEDS (50%) WANTS (30%) SAVINGS (20%)
    PHP 10,000.00 PHP 6,000.00 PHP 4,000.00


    TRANSPORATION SAMGYUPSAL
    ULITITIES STARBUCKS
    GROCERIES MILKTEA
    INTERNET TRAVEL
    RENT SKIN CARE
    ELIMINATING OF DEBT

    GOOD BAD
    (Generating Income) (Wants)
    EMERGENCY FUND

    SINGLE 1-2 MONTHS OF YOUR MONTHLY


    EXPENSES

    DEPENDENTS 3-6 MONTHS OF YOUR


    MONTHLY EXPENSES
    BUILD YOUR EMERGENCY FUND

    S ickness
    A ccident
    D eath
    PROTECTION PLANNING

    WHICH DO YOU PROTECT,


    THE GOOSE OR THE EGG?
    PURPOSE OF INSURANCE

    Income Protection Health Protection Savings/Investment Education

    Retirement Mortgage Redemption Estate Taxes


    Insurance
    TIPS IN GETTING INSURANCE

    Know how much you need


    Know how much you have (protection sources)
    Know the different types of insurance
    Know the optimum budget for your plans
    Know your needs
    You won't get rich by
    getting insurance.
    But it prevents you and your
    family from being poor.
    INVESTING

    OBJECTIVE
    TIMEFRAME
    RISK APPETITE
    CAPITAL
    Personal Finance
    is Personal.
    Thank you

    Welcome to the Brighter Future.

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