LEVEL 1 INVESTING: KAISER HEALTHCARE
When I joined the International Marketing Group (IMG), I learned that there are different levels of investing. To be able to have a solid financial foundation we should go through each of these levels. Skipping one or jumping to a higher level could mean a disaster.
Level 1 is to have your Kaiser Healthcare. Level 2 is to invest in mutual funds. Level 3 is investing directly in the stock market. And level 4 is investing in real estate. I’ll talk about Level 1 investing first and the other levels in my succeeding posts.
Why is Kaiser Healthcare Level 1 Investing?
Because I joined the Truly Rich Club first before joining IMG, I invested directly in stocks (Level 3). I thought that I was doing really well with my stock investment but little did I know the danger of what I was doing.
Before going to the higher levels of investing we need to address these financial needs first:
- Healthcare – this is to insure ourselves with health benefits when we stop working. Our current employers only provide us with short-term healthcare. Once we resign, retire or get terminated we are no longer covered with these health benefits. Health expenses specially in the Philippines are very costly. We just can’t rely on the government.
- Life and Accident Insurance – this is to protect our family if we die too soon. It replaces our income instantly and gives our family funds to recover when we are gone
- Emergency Fund – this is money that we can use during unexpected circumstances and unforeseen events
Without knowing and addressing the above financial needs, it is highly likely that I would pull out my money invested in stocks if I get sick, lose my job, meet an accident or worse die too soon.
There is only one investment financial product in the Philippines that covers all these financial needs. And it is “Kaiser Healthcare”.
Australia has one of the best government healthcare systems in the world. As a resident of the country, I am entitled to these health benefits because we pay it through our tax.
You must be wondering what’s the need for me to have a separate healthcare like Kaiser. The main reason is that my healthcare benefits here in Australia don’t cover those health expenses that I may possibly be spending if I go overseas.
What if I retire or decide to live and work again in the Philippines? Kaiser will definitely be there to address my healthcare and insurance needs.
So, what is Kaiser Healthcare?
Kaiser is not a pre-need financial product. We can use it immediately as soon as we pay our first premium. It is accredited by major hospitals in the Philippines such as Makati Medical, St. Lukes and Asian Medical among many others.
It is registered and controlled by two Government regulating bodies: SEC-Securities and Exchange Commission and DoH- Department of Health.
As of writing time it is not yet regulated by the Philippine Insurance Commission because Kaiser is a Health Maintenance Organization (HMO).
At least 51% of payments made by Kaiser planholders automatically go to a trust fund, as required by the government. KAISER cannot touch the trust fund. It is reserved for the future claims by the planholders.
Kaiser trust fund is managed by two reputable international banksnamely: 1. ING BANK (based in the Netherlands) 2. DEUTSCHE BANK (based in Europe)
The other 49% is invested and managed by Rex Mendoza (President/CEO of Philamlife).
Kaiser is only paid for 7 years. It covers our healthcare needs even after we reach the age of 60.
After the 20th year of having Kaiser and as long as there is a fund remaining, we and our beneficiaries can continually use it not just for healthcare needs but for anything, for anyone and anywhere in the world.
Kaiser also give us investors the option to get back more than the amount of money that we paid for our premiums if we do not get sick and when it matures.
It is a 4-in-1 financial product. It addresses our healthcare for old age, insurance protection, money for retirement needs and also as an emergency fund.
Kaiser answers our basic investment goals and it guarantees success no matter what happens to us.
If we live long and do not get sick we win. If we get sick while investing, we win. If even on the worst case, that someone who has Kaiser dies or is disabled, we still win. Why?
Because in any of these aforementioned circumstances, we or our beneficiaries will have benefits or gains from what we invested in.
PS: If you are interested to invest and want know more about Kaiser healthcare. You can send me a personal message here:
PS: If you are interested to invest and want know more about Kaiser healthcare. You can send me a personal message here:>>>http://goo.gl/qEzxxT
You can also visit their website at:http://www.kaiserhealthgroup.com/
Attaining financial freedom has a process to follow. Every indecision is a waste of time. Our success depends on what we do now and not procrastinating until tomorrow.
Investing in your FINANCIAL EDUCATION first will lead you towards your FINANCIAL FREEDOM!
Happy Smart Investing! GOD BLESS!
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