Financial Planning and Its Benefits

What is Financial Planning?

Financial Planning is the process of developing overall financial goals and creating a plan of action to achieve them. Financial planning is a thorough process assessing an individual’s overall standing with the intention of developing long term financial goals.

What are the Benefits of Financial Planning?

These are the main benefits of financial planning that will brought several more benefits for you:

  • To control your financial resources, savings, and investments through controlling your budget.  Having a straightforward plan will avoid unnecessary spending.
  • To be prepared for emergencies such as sudden illness, loss of a job, accidents, global recession, or economic downturn.  One example of this emergency is the global pandemic brought by the COVID-19.  We had been brought to a realization that if we are unprepared, we will suffer personal economic loss, too.
  • For better debt management. Having defined goals can help you avoid debt and allocate funding for existing debts.
  • To improve financial knowledge and insight which will help you make sound financial decisions.

It is important to note that no financial planning equates to bigger financial risks. So, although this is a long way across, it will be all worth it.

To know more about Financial Planning, you can grab this very affordable book designed for Filipinos at Amazon and Payhip.

Credit Protection

Creditor’s Group Life protects institutions such as banks, savings and loan associations, credit cooperatives, and other lending companies from financial loss in the event of death of its borrowers, while there are unpaid loans. It helps businesses stay afloat and ensures financial security for both companies and the borrower’s family.

It comes with flexible terms that offer your company the option to either insure the initial amount of loan or the outstanding balance of loan.

Moreover, Creditor’s Group Life may be enhanced by a supplemental benefit that will cover the risk of total and permanent disability of a borrower.

In a nutshell, this plan has the following features and benefits:

  • Covers your company and your employees with life insurance protection that takes effect twenty-four hours a day with no geographical limitations
  • Pays your company the insurance benefits in case of natural or accidental death of a borrower
  • Provides sound management of financial risk for both your business and for your borrowers

Creditor’s Group Life Plan ensures that your organization is free from financial worries.


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