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The key to parents living longer, healthier, well-planned lives

Whether through high-interest savings accounts, savings plans, and educational plans, parents invest in various tools to help them finance the needs of their children as they grow into adults.


However, parents need to look at their own future beyond the needs of their kids as well. Their need for financial security and health protection continues even after retirement, which might make it difficult for them to allot funds for those needs. Keeping their finances secure with a tool that can protect their health and future income is essential so they don’t deplete their savings should an emergency arise.


In 2016, the World Health Organization said that life expectancy across the globe has increased by five years since 2000. This is a result of better access to basic healthcare and innovations in preventing treatable diseases. While this information bides good fortune, there is a growing need for older adults to better plan for their futures when they no longer receive a regular income after retirement.

Life just as planned
 

The usual route to compensate a medical need is to turn to one’s savings, however with the rising cost of healthcare globally, this could easily deplete funds for the future. That’s why when it comes to assurance, especially with one’s health, a better option for preparation is a comprehensive health plan.
Most adults depend on health plans provided by their company but are limited by many criteria. There are limited conditions and beneficiaries covered by health plans, typically carried out by HMOs. The biggest consideration is that when the employee leaves the company, the health plan also terminates. This becomes problematic for parents who are going into retirement, or retired parents of policy holders.

There are many pros and cons to weigh in choosing the right insurance plan but having a separate one independent of employment and any other external factor is the best choice. It’s also important that the insurance provider has a suite of products that can answer both financial and physical needs, as well as a strong infrastructure that makes claims easy to process. 
That’s why there is BPI-Philam Critical Care Plus. 


The Real Coverage of Good Health Insurance


Critical Care Plus is a variable life insurance that provides coverage against a wide array of major diseases and critical illnesses and sets aside funds for rainy days. It's a double-advantage policy that gives life insurance coverage, securing the family against financial strain in an emergency, and health coverage which pays for medical bills that may arise in the future, allowing families to keep their savings undisrupted.

With Critical Care Plus, the insured automatically gets a cash benefit upon diagnosis of any of the covered critical illnesses. He or she is also exempted from making any future payments to the policy to focus on getting better.

Before that happens, however, Critical Care Plus, as part of BPI-Philam’s Wellness Series, provides rewards and benefits for the insured through Philam Vitality.

Philam Vitality gives the insured a better understanding of their health’s current state and what they can do to better it. The program also provides upfront additional coverage of 20% while the insured’s lifestyle is improved through health-improving decisions, amplifying their choices with fun and practical rewards like exclusive discounts on lifestyle products and services.

Integrated with Philam Vitality, Critical Care Plus also promotes a balanced lifestyle through deals on medical services as well as gym membership so they can really commit to a new active lifestyle. 

Critical Care Plus also builds a health fund over time that can be used for additional medical services, or any expense they might also have--assisting policy holders whenever they have need of it.  

With the proper plan in place, parents can be assured that they and their families can enjoy the lifestyle they live now worry-free until the many years to come.

The journey towards a secure and better future starts with a plan, and the best one gives a whole lot more when kept for longer. Visit BPI-Philam's official website www.bpi-philam.com or Facebook page www.facebook.com/BPIPhilamOfficial to know more about Critical Care Plus and all the other solutions in the Wellness Series. Each BPI and BPI Family Savings bank also has Bancassurance Sales Executives ready to give expert advice so anyone can live life just as they planned.


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