INFOGRAPHIC: Are Filipinos ready for a brighter life?

Rappler.com
Insurance penetration in the Philippines remains low but outlook is bright

MANILA, Philippines – More Filipinos are optimistic about their financial future, with 87% expressing a positive outlook in the next 3 to 5 years. 

This was among the results of Sun Life of Canada’s latest annual study of lifestyles, attitudes and relationships (Solar), conducted against the backdrop of a robust macroeconomy.  

While more Filipinos want to open a business, buy properties and invest in financial instruments, the survey also showed that buying life insurance is now the 3rd priority of the 1,100 respondents from the Classes A, B and C across the country with a monthly household income of P30,000 and above. 

For a country that has one of the lowest insurance penetration rates in the region, this is encouraging. 

This infographic shows how a typical Filipino is spending and investing for his future.

For more personal finance articles and tips leading to a brighter life, visit the BrighterLife site. – Rappler.com