Millennials are making financial progress, but efforts thwarted by the influence of social media—what's your personal take on this? We have been hearing it that millennials are often labeled as being financially irresponsible, spending too much on frivolous things or experiences but this is not the case according to the Generations Ahead Study from Allianz.
They are instead actually positioning themselves to be in better financial shape than other generations. This information has been revealed in the official launch of AZpire Growth Prime which I was able to attend last August 15. The study found that 77% of millennials feel financially confident (compared to only 64% of Gen Xers). Held at Harlan + Holden in Rockwell Makati, Allianz PNB officially launched its new products that are exclusive for rising millennials to protect them in the future.
Further supporting this financial progress, 41% of millennials reported they always set aside money each month for saving (compared to only 36% of Gen Xers) and 58% believe saving for retirement is a basic necessity, like food or housing. Many millennials (71%) also use “tricks” to make saving money easier. For example, the majority of them use several different accounts to automatically save their money for specific purposes (one for everyday expenses, one for a particular loan, one for a special trip, etc.).
During the launch, the results of the study were revealed by the Allianz PNB Chief Finance Officer Efren C. Caringal. He mentioned that as millennials continue to think of their future, the Allianz PNB Life will offer propositions that are attuned to their very needs.
What is AZpire Growth
The Allianz PNB AZpire Growth Prime is a regular pay unit-linked insurance product that offers faster fund accumulations for your investment needs. It serves as a protection as well as an investment vehicle for those who will avail it.
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| Coverage can be as low as P30,000 a year as clients can choose to pay premiums annually, semi-annually, quarterly and monthly. Imagine a 500 percent protection and pocket-friendly terms. |
You can level up your investment regularly or as you’ve got more cash than you need. You get to boost your investment with tops up and get discounts as you invest more. As premiums go higher, charges and fees will diminish so that you can get more of your investment. You can be rewarded for allowing your investment to grow with time and thus loyalty bonuses is expected at the end of 10 and 20 years. More information on these at https://www.allianzpnblife.ph/
With the AZPpire Growth's launch ~ it only means one thing, ALLIANZ PNB Life Insurance, Inc. is gearing up to attract more young Filipinos to get protected. The Future looks bright afterall.
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Xoxo, 💋
Jaimie
xx THE MERMAID IN STILETTOS xx
All my images copyright to THEMERMAIDINSTILETTOS.COM
First Photo - via Allianz PNB FB page
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