Free financial literacy seminar to be held in GenSan
MANILA, Philippines - Around 250,000 Filipino families fall into a lifetime of financial hardships due to illness, with 9 out of 10 Filipinos forced to use up their savings at a time of critical illness.
Only 15 out of every 100 Filipinos are prepared to leave something behind for their families should something happen to them.
Among retirees, only 9% are living comfortably, while the rest are just getting by or are living in poverty.
More than 75% of Filipino elementary school children don’t make it to college, and only 15% get to finish college.
With these startling figures, AXA Philippines is encouraging residents of General Santos City, to join “Fail Proof Your Future,” a free financial literacy seminar that aims to teach Filipinos the importance of insurance and financial planning.
“Incomes are increasing, the economy is developing positively, so people have more money to spend, save and take care of their financial future,” said Rein Hermans, president and CEO of AXA Philippines.
“We at AXA are here to give our customers what they need to support and allow them to manage their financial future.”
The seminar will be held on Thursday, August 29, 2013, 6 p.m. at the Green Leaf Hotel, General Santos City.
“’Fail Proof Your Future’ is just one of the ways that we are reaching out to prospective customers," added Hermans.
"We will be running Fail Proof pocket sessions throughout the year in key cities nationwide, such as General Santos, to reach as many people as we can. We are optimistic that through these kinds of initiatives, we will be able to connect with more Filipinos and allow them to see the possibilities of having a secure, stable, and fail proof future.”