Helpful tips on getting the right education plan for your kid

One of the most important things a parent should do is to ensure that their children receive the best education that money can buy. As parents, we must make sure that we are financially stable enough to put our children through school.  And we must also acknowledge that our children's dream university or college might be more expensive than we’d expect, especially since education costs have been rising every year. Hence, planning ahead and making investments for our children's education, through an education plan, is very crucial.

As such, getting your children (or your future children) an education plan should be one of the first things parents should aim for, aside from being able to provide for the family. However, before getting one, parents must know and understand the features and benefits of an education plan, as well as the expenses that go along with it.

Every education plan, offered by many different companies, has a different set of benefits. This means that you have many things to consider while shopping for an education plan that fits your budget and your future goals. Do you get the pay-out benefits as soon as your child enters high school? Or is it for a college fund? How much do you need, and how much can the education plan give you?

Here are some helpful tips on getting the right education plan for your kid:

1.    Always make sure that the benefits of the plan you are looking at are aligned with your needs. Better if there are additional features included like life or accident insurance so your children are still guaranteed to receive the education plan benefits in case something happens to you.

2.    Research on the companies offering education plans. You’ll want to make sure that the company you are getting an education plan from is financially strong, trustworthy, reliable, and capable of keeping its promises. You want to be assured that you will receive the benefits on-time and in full, without having to worry about the company going bankrupt.

3.   Save early: Start saving as early as possible so that you can be sure that you are financially stable enough to pay for your child’s education plan.

4.    Find other sources to fund your child's education savings by exploring other resources of growing your money, such as investments, having passive income, and so forth.

5. Divide financial tasks between the two parents. Having mutual spending decisions, and constant communication about money is very important.




Education plans are something everyone should have for their children. Sometimes, the education we want for our children will cost more than an arm and a leg. A plan helps make that education more affordable.

Now that you know what kind of education plan you are looking for, you are ready to send your child to their dream university-- even before they've graduated high school.

To know more on how to plan for your child’s education, visit www.philamlife.com

Philam Life appoints Mr. Ariel Cantos as its New CEO

Philam Life is pleased to announce the appointment of Mr. Ariel G. Cantos as its new Chief Executive Officer, effective June 24, 2016.  Mr. Cantos succeeds Mr. Axel Bromley, who has decided to relocate to the United States for personal reasons.

Prior to his appointment, Mr. Cantos held the role of CEO of BPI-Philam, the bancassurance joint venture of Philam Life and the Bank of the Philippine Islands (BPI), the leading bancassurance operation in the Philippines.

Gordon Watson, Regional Chief Executive, AIA Group, said, “I am delighted that Aibee is assuming the role of CEO of Philam Life. Aibee has spent his entire career with Philam and has successfully held a range of senior leadership positions over the course of his long career. I am confident that Aibee will help lead Philam Life to new levels of growth and success. I would also like to acknowledge the work of Axel Bromley, who helped to lay the foundation for Philam Life’s transformation journey. We wish Axel and his family all the best in their next chapter of life back in the United States.”

Mr. Cantos,known among peers as “Aibee,” joined Philam Life as a management trainee and over a career spanning almost 30 years,subsequentlyheld a number of senior roles, including Profit Center Head of Accident & Health Products, Sales Director of Manila Agencies, and Sales Director of Provincial Agencies. His most recent position at Philam Life was Senior Vice President and Chief Agency Officer, where he led over 450 agency leaders and 6,000 advisors, before joining BPI-Philam in 2013.

As CEO of Philam Life, Mr. Cantos will lead a team that is united in its commitment to achievePhilam Life’s Vision to become the undisputed leader in life insurance and wealth management in the Philippines.

Mr. Cantos said, “I am truly honoured to have the opportunity to lead Philam Life. The outlook for our Company is extremely bright, as we continue to strengthen our distribution channels by advancing our Premier Agency strategy as well as driving bancassurance growth and expanding our portfolio of corporate clients. We will also continue to invest in new technologies and modern facilities to ensure that our advisors are well equipped to provide the best possible experienceto our large customer base as we help them to lead longer, healthier, and better lives.”