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OFFICIAL: Singlife and Investa Announce Transformative Partnership for Comprehensive Financial Solutions

[Manila, Philippines] – December 12, 2023

In a groundbreaking move to revolutionize the financial landscape, Singlife Philippines and Investa are thrilled to announce their strategic partnership, combining Singlife’s cutting-edge insurance solutions with Investa’s leading social-financial platform. This collaboration is poised to redefine how Filipinos manage their financial needs, providing a seamless and holistic experience.

Complementary Partnership: Ensuring Protection for Investors

Investa’s commitment to empowering individuals to grow their wealth aligns seamlessly with Singlife’s mission of providing financial protection and peace of mind. Investa makes investing a viable option for all, emphasizing accessibility and affordability by offering investment opportunities for as low as PHP 50.

Meanwhile, Singlife’s suite of products perfectly complements Investa’s stock fund offerings. The partnership aims to provide Investa customers with diverse life insurance products for emergencies, income loss, medical needs, and life goals, all of which will be made available on Investa’s website and other platforms.

Major Benefits of the Partnership:

  • Convenience & Accessibility: Users can effortlessly explore Singlife’s insurance products alongside their investment portfolios, streamlining their financial journey in one integrated space.
  • Affordable Solutions: Aligned with Investa’s goal of making investing accessible, Singlife Philippines offers insurance packages at competitive rates, ensuring financial security is within reach for all.
  • Educational Resources: Both brands share a commitment to building financial literacy. Investa will integrate educational content on Singlife’s products, promoting informed and responsible decision-making among its user base.

Empowering Filipinos Toward a Secure Financial Future

Starting December 15, 2023, Investagrams users can seamlessly access Singlife’s suite of insurance products directly on the platform’s website and mobile application. This transformative integration aims to empower Filipinos towards a secure, reliable, and accessible financial future.

Sherie Ng, Singlife Philippines’ Co-Founder and Executive Director, shares her excitement: “This partnership marks a significant milestone in providing Filipinos with a comprehensive financial ecosystem. By combining Singlife’s insurance solutions with Investa’s robust financial tools, we collectively offer users a one-stop-shop for their financial needs, from investment to financial protection.”

For more information about the Singlife and Investa partnership, please visit Investagrams’ website or explore Singlife offers here.

About Singlife Philippines Inc.: Singlife Philippines is the first and only purely digital life insurer in the country, offering innovative and accessible financial solutions.

About Investa Inc.: Investa is a leading social-financial platform in the Philippines, dedicated to enabling individuals to start their investing journey with the right tools, education, and technology.

Contact Information:

Salie Acupan
salie@singlife.com
+63 917 705 8890

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Top Long-Term Investments

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” — Robert Kiyosaki

Long-term investments refer to saving for an extended period of time. The range for long-term investments can be at least 10 years or more. The goal of long-term investments is mainly for big-picture costs such as retirement or for the future generation.

Often, long-term investors will use the buy and hold strategy where selected investments are purchased but not significantly changed for up to several years or more. Here are some great options for long-term investments.

MUTUAL FUNDS

With so many different types of mutual funds, the ideal mutual fund of long-term investors is stock mutual funds. Stock mutual funds, especially growth stock funds and aggressive growth stock funds, are suitable because they have historically achieved higher average rates of return than other investing and saving vehicles. Many long-term investors also like to invest in index funds for their low cost and their tendency to average good returns over long periods.

REAL ESTATE

All over the world, real estate is considered one of the safest sectors to invest in. The greatest appeal of real estate is that it doesn’t require any special skills. If you look at it from a statistics standpoint, the population is growing while the supply of land stays the same. Because of that, the demand will continue to grow meaning the returns from real estate will also continue to yield great returns in the long term.

INSURANCE

Like mutual funds, there are many great options of insurance both in short term and the long term. Life insurance is the most common type because it provides a measure of security for your loved ones. When deciding whether life insurance is a good investment, it’s important to understand that the variations of insurance plans generally fall into two categories, permanent, and term.

Because term life is designed to cover you for a set term, they are typically less expensive than permanent life insurance premiums. Because term life is designed to cover you for a set term, they are typically less expensive and more flexible than permanent life insurance.

STOCKS

The main reason to buy and hold stocks over the long term is that long-term investments almost always outperform the market when investors time their investments correctly. It isn’t unusual for stocks to drop 10% or 20% over a shorter period of time but riding out temporary market downswings is considered a sign of a good investor.

It is important to note that stocks rise and fall every day so knowledge of the companies you invest in would be key to looking at high returns. Compared to other investments like real estate, trading in stocks is still considered a risky game and requires a significant number of skills to be learned to truly master stock trading.

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Is Your Insurance Policy Right For You? (Part 2)

Although we can’t predict the future, we can protect ourselves if something unexpected were to happen. Insurance is meant to safeguard us from fortuitous events financially. Here are some insurance options you’ll want to look into and purchase.

Life Insurance

This is considered the most common type of insurance where you pay premiums to receive protection in case you pass away. The greatest benefits of life insurance include the ability to cover your funeral expenses as well as provide for your beneficiaries. Within life insurance, there are multiple types of policies to choose from. The two basic types are traditional whole life and term life. Traditional whole life is used as an income tool and an insurance investment. Term life insurance, on the other hand, is a policy that covers you for a set amount of time.

Health Insurance

Health insurance typically pays or helps pay for medical, surgical, and sometimes even dental expenses. This can cover you and your immediate family to be able to pay less on check-ups or in case someone gets hospitalized. The Philippine government actually has universal health coverage, PhilHealth, that Filipinos are entitled to.

Educational Insurance

As the name suggests, this type of insurance can cover education fees. With the inflation of tuition fees, educational insurance lets you save money in advance. The money you put in will be invested by your policyholder and can be cashed out for tuition payments, school allowances, and other educational expenses. Educational insurance can be started as early as possible to get the best prices.

Vehicle Insurance

When buying a car, motorcycle, or any type of vehicle, it’s important to also buy insurance that will cover that investment. This insurance can offer reassurance in case you get into an accident, your vehicle gets stolen, vandalized, or damaged by a natural disaster. There are two types of vehicle insurance you’ll need to consider. Compulsory Third Party Liability (CTPL), the most basic and least expensive car insurance in the Philippines, is not only government-mandated but also covers the interest of the third party in the event of an accident. Comprehensive Car Insurance (Compre) is not mandatory but is highly recommended because this protects you, your cars, and your passengers.

Property Insurance

Property insurance is a broad term for a series of policies needed for property protection coverage. Within property insurance includes policies like renters insurance, flood insurance, and earthquake insurance. This is needed for cases such as fire, floods, earthquakes, and theft. This type of insurance gives you coverage of your house and the furniture inside.

Travel Insurance

Got the travel bug lately? Well, before you book the ticket or board the plane, don’t forget that there’s insurance for that too. Travel insurance gives you traveling protection locally and abroad. In case you lose your luggage, have a delay in your flight, and run into accidents while traveling, this insurance will come in handy.

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