Use Our Free Online Financial Calculator
It’s easy to say that we want to be financially “rich.”
What’s not too easy, however, is knowing the amount that we need to prepare for in order to address our financial goals.
Would you agree? When was the last time that you sat down with your Financial Advisor to compute how much you really need for your specific financial goals?
Worry no more!
AIA Philam Life just made it easier for us to compute for our four most basic financial goals namely:
- Protection Fund
- Health Fund
- College Education Fund
- Retirement Fund
Here’s more good news, it will only take as short as two minutes!
Of course, this online financial calculator computations are for us to have an idea, a ballpark figure, of our financial goals.
At the end of the day, we still need our Financial Advisor to help us get started and implement a plan to achieve our goals step-by-step.
Now, let’s walk you through our free online financial calculator so you’ll have an idea of how to navigate and use it for yourself!
Input your details in the online financial calculator
Simply input your nickname, current age, and select whether or not you have dependents.
Dependents can be your child, parents, siblings, or spouse.
Essentially, just click “YES” if anyone fully or partially depends on your income then click on the right arrow to proceed to the next page.
Choose your goal to prioritize
Yes, each one of these goals is important!
You just have to prioritize one for now.
Do you want to prioritize protection so that if life’s uncertainties such as untimely death, disability, or accidents happen, you know that your dependents will have the financial support that they need in order to maintain their standard of living?
Do you want to prepare for your children’s future college education so that they will have a great start in life?
Do you want to have peace of mind by having an adequate health fund in order to protect your savings and assets from the rising cost of medical treatment?
Or maybe you want to start saving for retirement as soon as possible so that you can enjoy the present moment and at the same time prepare for your future retirement lifestyle?
I will show you how easy it is to use our online financial calculator when we choose any one of these goals. Let’s start!
Financial Goal: PROTECTION
Do you track your monthly expenses?
If yes, then you won’t have a problem inputting your monthly household expense.
Also, it’s important to know how much life insurance you have currently. So, input your current insurance coverage in the corresponding box.
By the way, if you have existing insurance coverage and want me to help you review your existing insurance policies, just contact me here.
After that, just click “Show Me My Result” to see your protection fund goal.
You might be surprised that you still need additional protection even though you are already insured.
Why? Aside from inflation, your lifestyle also changes.
You may have more dependents now as compared to the time that you first bought insurance.
In reality, one insurance policy may not be able to address your adequate protection needs.
That’s why I’m here! I can help you bridge that gap by customizing a protection plan for you. Simply contact me here.
Financial Goal: EDUCATION
What’s great about this college education fund calculator is that you can project up to three dependents (kids).
It also has options to start saving for State, Private, or Premier Universities.
Just input their ages and where you want to send them to college and again, click “Show Me My Result”
Again, you might be overwhelmed with your education fund goal.
Here’s another article that I wrote that tackles the topic of your children’s education fund.
The key to really make this happen is to start as soon as possible.
Actually, the best time to start saving and investing for your child’s education fund is even when they are not yet born!
If you want to explore savings programs for your child’s education fund so that you can start now, send me a message here.
Financial Goal: HEALTH
Another crucial savings and assets protector is having an adequate health fund.
The COVID-19 Pandemic really highlighted the importance of having peace of mind through health insurance.
Good thing you’re reading this now because if you don’t have this yet the best time to get this type of insurance is when you are still generally healthy.
This portion will ask you how much savings you have set aside that’s dedicated only for health and medical emergencies.
Clicking “Show Me My Result” on our online financial calculator will instantly display the amount of health fund you need in relation to the current costs of medical treatment and recovery.
Normally HMO coverage provided by your company ranges from 100K to 300K, right?
That type of coverage is good for minor confinements, minor surgeries, or occasional checkups.
For critical illnesses such as Cancer, Heart Attack, Stroke, or Kidney Failure, that coverage is not enough.
That’s where your Health Fund kicks in.
It gives you instant lump sum cash in case of diagnosis of a covered critical illness.
Plus, with our latest health-focused plans, you can be covered until age 100! (Typical HMO coverage is until age 65 only)
So if this is your main concern and you want to address it ASAP, shoot me a message here.
Financial Goal: RETIREMENT
Imagine that you are retiring today as you are reading this post.
On the first box, type in your average monthly expenses when you’re already retired.
Then, input how much retirement savings you currently have. This has to come from a savings or investment account that you’re never touching until you reach your desired retirement age.
Click “Show Me My Result” after choosing your desired retirement age.
Inflation is real!
Imagine, having a 15,000-peso per month lifestyle needs a total of 19,538,019 pesos worth of Retirement Savings!
What more if you want a higher monthly lifestyle?
Again, the key really is to start today.
If you have read this far, then it means that you are really serious about achieving your financial goals.
You’re in for a treat! Read on…
Take Action On Your Goals Right Away
On the lower part of the online financial calculator results page, you will see three buttons. Here’s what you’ll do next:
- Simply click “Contact An Advisor”
- Fill up the form with your updated details
- On the box where your goal is located, type in 007462616 (as highlighted in green below)
- Click “SUBMIT”
That’s it, you are on your way to achieving your financial priorities because you took action right away!
Kudos to you!
How did you find the online financial calculator?
Was it easy to use?
What were your realizations while computing for your financial goals?
Comment your thoughts below!