Key business cycle indicators confirm that the Republic of the Philippines is holding its own so far defending against what appears to be an impending global downturn. In fact, the Philippines’ bottom-line Gross Domestic Product (GDP) performance on a Purchasing Power Parity (PPP) basis improved by 7.6% at October 2019 compared to one year earlier. Economic downturns … [Read more...]
Guaranteed Income for Life
In 2007, Manulife offered the first guaranteed income for life plan which provides retirement income for life. A 5% bonus is added on the guaranteed income if no withdrawal is made for 15 years. At the age of 65, withdrawals can be made and guaranteed income for life called Guaranteed Minimum Withdrawal Benefit (GMWB) will be available. It was so popular and was selling so … [Read more...]
Exchange Traded Funds
Exchange Traded Funds (ETFs) is another low-cost investment offered by insurance companies like BMO Insurance. BMO GIF funds come with guarantees at maturity and death. To reach a financial goal at lesser risk, diversification is necessary. Allocate assets by putting a desired percentage in different venues – some in segregated funds, some in mutual funds, gold, stocks, … [Read more...]
Guaranteed Investment Solution
These days retirees and investors are faced with a big challenge. The sagging economy is characterized by volatile markets, low oil prices, dollar and interest rate at its lowest and high unemployment. We have not seen this situation for a long while. Those who owe money love the low interest rate. It’s good news for the housing industry and business borrowers, but bad news … [Read more...]