Tag Archives: International Marketing Group

11 Reasons to be an IMG Member

by Coach Bobet Prudente

Two years ago, I “retired” from my corporate job, and planned to start my own business intelligence company. But something happened along the way.

I became an IMG member, and a happy warrior in the fight against poverty.

IMG started its mission to help Filipino families become financially free more than 18 years ago. Through the years, we helped Filipinos learn about money, provided access to hundreds of financial products, and helped many save money through discounts and rebates.

Here are eleven reasons to be among the more than one hundred thousand (100,000+) IMG members worldwide.

1. Financial education workshop

IMG has been giving free financial seminars for many years.

IMG recently launched its Global Campaign for Financial Literacy, and the target is one million financially literate families by 2020.There are now five new two-hour workshops on (1) increasing cash flow and debt management; (2) building a solid financial foundation and getting proper protection; (3) asset accumulation and growth; (4) asset and wealth preservation, and retirement planning; and (5) entrepreneurship.

IMG members get a FREE workbook to use in the workshops.

2. Free financial check-up

When you have questions/concerns about your health, you get a medical check-up. When you have car problems, you go get a car check-up.And if you have questions about your wealth and finances?

IMG members get FREE financial check-up from their trainers and mentors. Members sit beside their trainers to prepare personal financial needs analysis and create personal financial plan/blueprint.

Top 5 Reasons to be an IMG Member

1. Financial Workshops.
2. Financial Checkup
3. Asset Preservation Services.
4. Access and discounts to car, home and other non-life insurance.
5. Discount on real estate from SMDC, Ayala Land,DMCI and Vista Land.

3. Access to asset preservation services

We all strive to accumulate assets in our lifetime to pass to our family and next generation. And when God calls us home (unfortunately, sometimes a little sooner than expected), everybody tells our family they are sorry for the loss, but the government will first freeze your assets until your heirs pay up to 20% of the estate value in taxes.

Asset preservation is about an orderly transition of your assets to your heirs, according to your plans and wishes, and possibly about paying less taxes.IMG members have access to tools and services to setup corporations for asset preservation or other purposes through its corporate services partner company.

4. Discount on car, home, property, and other non-life insurance products

Do you need insurance for your home? Car? Equipment? Many people need insurance for many reasons, and sometimes it is a pain to get hold of the proper insurance agent, and pay sometimes expensive premiums.IMG members have access to a multitude of non-life insurance products from respected providers such as MAPFRE Insurance, QBE Insurance, Malayan Insurance, UCPB Gen, Prudential Guarantee, and many more.

IMG members also get discounts in the form of rebates on their own insurance requirements.If you own a business with non-life insurance requirements, the discounts on insurance alone is reason enough to be a member!

5. Discount from real estate companies

Many Filipinos eventually buy real estate, maybe a house and lot, or a condo, through a middleman such as a real estate agent or broker.IMG members buy directly from real estate giants like SM Development Company (SMDC), Ayala Land (ALI), Vistaland (VLL), and DMCI Homes, effectively bypassing the middlemen.

IMG members usually get another 2 to 3% discount on real estate purchases.On a P3M property, that is about 2% x P3,000,000 or P60,000.

Another reason to be an IMG member!

6. Access to affordable life insurance products and services

IMG members can enroll in its IMG group yearly renewable term plan with Philam Life, the biggest life insurance company in the Philippines. This plan is the most inexpensive in the market. For members below 36 years old, it costs about P3,600 ANNUAL premium to get a P1,000,000 life insurance coverage, with riders for accidental death, dismemberment and disablement (ADDD), including a P500,000 terminal illness benefit (TIB). That means a P1,000,000 coverage for as little as P10 a day.This is another benefit available to IMG members (with additional requirements).<

7. Access to short-term and long-term healthcare products and services

Most Philippine HMOs offer short term health care products to big companies for the benefit of their employees. This provides excellent healthcare to the generally young and healthy corporate employees while they are employed.Long term healthcare is like “pre-paid” healthcare.

Individuals pay for healthcare while they are relatively young and healthy and productive, planning to use the healthcare when they are old, sickly, unemployed or retired.Kaiser International Healthgroup Inc, a duly-accredited HMO in the Philippines (I think the third biggest HMO) registered as a Healthcare Provider and Accredited Broker for Other Health Care Companies, offers both short-term and long-term healthcare products, numerous corporate, schoool and government accounts ( House of Representatives, Court of Appeals, Public Attorney’s Office, Department of Agrarian Reform, Technological University of the Philippines, Honda Motor World, Makati Finance Corporation, Royal Oaks International School, Seminario de San Agustin, etc).

IMG members have access to innovative healthcare products from Kaiser International, Inc, including long term healthcare with investment component, and senior healthcare for age 61 – 100.

8. Enjoy zero load benefits to various mutual funds

Mutual funds are among the least understood secrets of the wealthy, mainly because mutual fund companies do not advertise or do much marketing. Yet, mutual funds are among the safest and easiest way to steadily grow your money.

The normal way to invest in these companies is to do your own research, choose, then go to each mutual fund company office, and pay up to 3.5% sales load (or commission) for those who handled the transaction.

IMG members can go to free mutual fund training and briefing sessions every month and discuss concerns with certified investment solicitors. Members consult other members, investment solicitors, even respected leaders in the mutual fund industry such as Rex Mendoza, found chairman of Rampver Financials to decide on which mutual funds to invest in.

Members can open mutual fund accounts for any of the 40+ mutual funds from Soldivo Funds, PhilEquity Management Inc (PEMO), PhilAm Asset management Inc(PAMI), First Metro Asset Management (FAMI), SunLife Financials, and ATRAM, from the IMG Financial Center in Makati, Cebu and Davao.AND the best part is….

IMG members enjoy ZERO load benefits when investing in any of these funds.

  • If you invest P100,000 directly in mutual fund through traditional channels, you may pay up to P3,500 in sales loads, effectively investing only P96,500.
  • If you invest P100,000 as an IMG members, through IMG, there is zero load and you invest the entire P100,000.

9. Business ownership program opportunity in the financial industry.

IMG members who want to increase their cashflow can earn extra income by helping other people save and invest, while keeping their job or business.Access to all of IMG’s partner companies is an optional business opportunity for members who could use it to build a career or big business in the financial industry.

Membership benefits.

6. Access to Life Insurance products.
7. Access to Healthcare products and services.
8. Access to mutual funds at ZERO load. Exclusive to IMG members.
9. Business Ownership program.
10. Opportunity to travel the world thru IMG business program.

10. Opportunities to travel the world for free through the IMG business program

IMG members who do the IMG business program and meet performance targets get subsidies to attend and enjoy the IMG local and international conventions, and free packages for international cruises.

11. Community of Savers and Investors

Enrolling in IMG means joining a community of savers and investors, enabling members to consult mentors, share experience and compare notes with other community members with similar values.
Truly Rich Maker

In IMG, you become friends with awesome people who will selflessly guide and encourage you to practice financial discipline in your journey to financial freedom.Enrolling in IMG means joining a community of savers and investors, enabling members to consult mentors.

If you want to lean more about IMG, you can start by attending our free seminar.

Fill out the form below to reserve your spot. Register early, there are limited slots available!

IMPORTANT:

If there is no form above, please refresh this page

A few minutes after you submit your registration, you will receive, in the email address you provided, a confirmation email asking you if you submitted the information to this form. This is to ensure that you (and not just someone who used your email address) knowingly registered your name.

YOU MUST CLICK on the confirmation link to complete your registration.

After you have confirmed, we will send you E-Ticket mail. If you do not receive the confirmation mail, or e-ticket, please check your spam mail in case it got over-enthusiastic and discarded our mails.

Usual Schedules in Makati

  • Every (Tuesday) at 9:30am and 2:00pm and 7:00pm
  • Every (Thursday) at 9:30am and 2:00pm and 7:00pm
  • Every (Saturday) at 9:30am and 2:00pm and 7:00pm

Venue:
World Centre Bldg
Gil Puyat Ave (formerly Buendia)
Makati
(in front of Mapua)

Click here to register for the seminar in



Take Charge of Your Children’s Future!

By Bobet Prudente

I remember 39 years ago, when I first enrolled at the University of the Philippines in Diliman, Quezon City. I was a full scholar and didn’t have to pay for tuition fee, but we were still assessed. And our typical assessment was about P300 tuition and fees for the entire semester. Not P300 per unit, it was about P300 for the entire semester.

UP Diliman

The Oblation at the University of the Phillipines in Diliman, Quezon City.
By Rinangel Buenavente, Crispin Sta. Ines [Public domain or Public domain], via Wikimedia Commons

Last January, my youngest son enrolled in the same campus at UP Diliman, and his tuition and other fees totalled P30,000. And I think UP has not increased tuition fees for at least 5 years.

Let us do the math.
* P300 x 10 = P3,000
* P300 x 100 = P30,000

In my lifetime, in 39 years, the tuition fee in my school increased 100 times, or about a compounded rate of 12.5% every year.

How much would YOU pay for YOUR children’s college education?

Most of you will be sending kids to college in less than 15 years, so maybe you will not pay 100x, but perhaps 8x to 10x what YOU paid when you were in college?

I talked to a seminar attendee a few weeks ago, and asked him how much he paid in college. He said, P15,000 tuition fee per semester.

Let us do the math again:

  • in 15 years, maybe tuition will increase only eight times.
  • P15,000 x 8 = P90,000 in one semester
  • P90,000 x 8 semesters = P720,000

And that is just for tuition. How about other school fees, transportation, allowance?
Let us say you spend another P280,000, and the cost of sending one child to college is P1,000,000.

If the basis is P30,000 (like what I paid in UP Diliman), the cost of sending one child to college in 15 years, will probably be P2,000,000

If you have two children, that is P2,000,000 to P4,000,000 you’ll be spending in 15 years.  Are you preparing to send your children to college?

Are you saving and investing so you’ll have an extra two to four million pesos in 15 years?  Are you saving enough, so you’ll have some money left over for your retirement?

Would you like learn ways to increase your cashflow, save and invest, so that you can send your children to college?

IMG launched a new seminar “Building Your Future” in January 2016 to help Filipino families achieve financial freedom through financial education, saving and investing. Our goal is to have 1 million financially educated families by 2020 ( hashtag #1M2020 )

Would you like to attend our free 1-hour “Building Your Future – Controlling Your Money” seminar in various locations, to get financial education?

Would you like to take charge of your children’s future?

#1M2020

Matin and Malvin Leano – In IMG, Dreams Do Come True!

Mary Christinne B. Leaño, fondly called “Matin” by friends, grew up in an underprivileged family in Bacoor, Cavite during the 80s. She knows exactly how to paint a complete picture of poverty. It would mean long days of hunger, she says, that eventually lead her and her siblings to sicknesses and, if unlucky even culminate in despair.

Matin met and married Malvin while working in a semiconductor manufacturing firm. Both Matin and Malvin finished high school and never had college education. They both began their adult lives as a machine operators.

Who would have thought that these high school graduates and machine operators in a factory would one day take leadership roles in one of the fastest growing financial distribution companies in the world? In four short years, Matin and Malvin became CEO Marketing Directors with more than 3,400 members at the International Marketing Group.

Matin and Malvin Leaño - real life champions

Matin and Malvin’s favorite quote is from Bill Gates: ‘If you are born poor, it’s not your mistake. But if you are born poor and do nothing about it, that’s your mistake.
Matin and Malvin regularly conduct financial seminars in Makati and in Dasmariñas, Cavite

Armed with a soldier’s heart and a powerfully-built support system that she draws from her family, Matin knew there would come one fateful day when everything would eventually fall into place. And true indeed, the day came.

It came in a package Matin least expected. “I’d usually go melodramatic everytime I remember my childhood days,” recalls Matin before finally shedding the first teardrop. “You know how hard that feeling is when you see your childhood friends growing up well-fed, well-clothed, having fancy stuffs and it just makes you think life is unfair.

Mind you, I know all the nooks and crannies of an impoverished life. It’s hard, simply hard,” she recalls.

My father was a jeepney driver, my mother a plain housewife. Seeing the hard life, my mother one day decided to work in Kuwait, to the chagrin of my father. Mother went overseas anyway, and it was a hostile life since then. Our father did not care for us; the family broke. We had to do sacrifices. At 16, I felt the need to work after graduating high school. One year later, our father’s passing sent mother home, and we’re back to the hard life.

So what then keeps Matin going in life, aside from the normal cheering she gets from close friends and relatives? Well, apart from the energy she receives from Malvin, who is the love of her life, she takes inspiration from her most favorite quote from Bill Gates: “If you are born poor, it’s not your mistake. But if you are born poor and do nothing about it, that’s your mistake.

Matin, of course, is the unrelenting kind and did not intend to die poor nor want to be held responsible for some kind of mistake she could have largely veered away from in the first place. Moreover, coming from a life that bit the dust, she never wanted to let her children experience the same hardships she went through on account of financial deficiency.

Time was good, Matin and Malvin one day found themselves working as manufacturing operators in a leading semicon company in the Philippines. But due to the global financial crisis in 2009, the company had to move to Vietnam, forcing them to retire early. The company gave them a good retirement package which they used to pay off their housing loan and invested the rest in a special time deposit that gave them 2.5 percent per annum. Insert some sense of frugality somewhere, and the young couple were left with some decent amount enough to start off a little internet café business later.

Even as they had the reserves upon retirement, Matin shares how the middle class mindset swallowed them up whole while they worked. “We were literally living payday to payday. You find yourself squandering your money because you know there’s another payday coming. There are even times when you will end up in a deficit after payday, owing to your payables.

The biggest blessing came in 2010 when they attended the “Marriage Encounter” in La Salette, Silang, Cavite where they met Bro Benj and Sis Fely Santiago, now their mentors, who first invited them to IMG’s financial literacy seminar in Dasmariñas. From managing finances to increasing income, and from getting out of debts to investing safely and correctly, the seminar gave them the knowledge on how to be more financially steady.

They signed up for International Marketing Group on March 10,2010 and everything they have in life today-the tangibles and the intangibles brought about by those tangibles-came springing as a result of that big moment that led them to their new found fortune.


Better start early. Have the entrepreneurial spirit; nobody gets rich by being employed.” Matin, the self-confessed risk-taker then defines success as “achieving your dream of being truly rich, but also helping other people become rich themselves.


We never had any reservation to join IMG because why would you turn down an offer that would help you learn how to handle your money and investments more wisely, right? I mean, that’s just absurd,” Matin quips. “Honestly, as partners, we knew how to set aside at least a little savings, but we didn’t know we could get this much more financial freedom until we entered the IMG family.

The first fruit of their labor came in December 2011 when they got promoted as marketing directors, officially receiving the award at the Hong Kong convention a month after. God is so good: her dream that time was to travel only to Baguio, but for some unexpected twist of events, the venue changed to Hong Kong. And then she went to Singapore. And then Macau. And then Taiwan. Then Las Vegas and many more.

Fast forward to April 4, 2013, one day before the couple’s 10th wedding anniversary, and just when they thought they had all the good things in life already, little did they know the best was yet coming. Matin was elevated to the position of chief executive officer (CEO)- marketing director on that day, rising into that platform in a span of what-only three years. Yet Matin and Malvin willfully confess that they did not reach their positions alone but with the help of what they call the “Truly Rich Makers” team: Doc Jaime, Doc Dada, Raymund, Sir Noel, Sir Joen, especially Ma’am Shirley and many more unmentioned heroes. Now they have 49  first through 4th generation senior marketing directors and four builder-trainers ( called “Green Jackets” in IMG lingo ).

Finally, their greatest rewards at IMG was to travel thrice in all-expense paid trips , together with other great leaders in the world in their Master Classes aboard first class cruise ships (Southeast Asia in 2014, Europe and Northern Asia in 2015). Having traveled to other parts of the globe enabled Matin and Malvin to appreciate the bigness of the IMG universe. Plus, sometime along those travels, they received their double promotion as senior marketing director and national marketing director and the couple couldn’t say a word except that God is amazing.

In IMG, they learned to dream big dreams; from nobody, they became somebody and each of them really wants to be a servant and a humble leader. In a matter of three short years, Matin’s income dramatically increased from four digits to six digits. They now earns more than P150,000 a month, several times higher than how much they used to earn while working. And not only are they grossing a six-digit income, they are also able to keep faithful to their promise not to let their kids experience the same hard life like they had back in childhood. One may call it “luck” and others may call it “once in a blue moon”, but Matin and Malvin call it “passion.”

My husband and I are very passionate to share the mission of IMG. We love what we do and if you love what you’re doing, everything else follows,” she enlightens. She then shares one particular experience when they had to travel seven hours to conduct a financial literacy seminar in Lopez, Quezon Province. They arrived at the venue feeling cold as wet chicks only to find out the seminar was canceled because of heavy rains. “We felt frustrated,” says Matin, “we sacrificed our money, effort and time that could’ve been more meaningfully spent with our kids, but because we love what we’re doing, then we continue to share our mission.

In another instance in Cabanatuan City, Nueva Ecija, everything had already been arranged for another seminar, yet only three guests came. Still, the seminar pushed through with no holds barred on their part.

Honestly, as partners, we knew how to set aside at least a little savings, but we didn’t know we could get this much more financial freedom until we entered the IMG family.

Aside from being passionate, Matin says it’s likewise imperative to maintain the attitude of perseverance, humility and “being coachable“. She says the more people you talk to and share the concept, the more chances it will be to meet the next superstar. All it takes, she assures, is not to quit. When you’re already on top, you should keep your feet on the ground. And most of all, she believes learning shouldn’t end at promotion.

We are students of life, of the system and of the business; we need a mentor to follow while there’s so much to learn.” After going through months and years with IMG, Matin and Malvin have learned a lot of new things. They run the system, enjoy the system and focus on the mission to serve more people. “Before you become a teacher, you must be a good student.

Matin says. “Attend meetings. The most important meeting is the meeting you missed. Also attend big events; we are the product of conventions and we did not miss any IMG convention.

We do monitor our business. We set a goal and act on it, check our daily, weekly and monthly activities. The most important thing is we don’t compare ourselves with others. Work as a team and fight to win- teamwork gives you more strength and courage to win. When the team wins, you also win. You need to open up and work with others because an isolated team will be suffocated with boredom and have no momentum,” Matin explains.

Matin goes to say that IMG is the sort of business that has no excuses-whether there’s a guest or not, whether the appointment materializes or gets canceled, they need to report to the office. Asked what kind of management style she employs, she responds “consultative”, saying in every decision they make, they check with the team, ask for suggestions and discuss them with the members. “I talk to them directly when I feel they have concerns and issues,” she speaks about dealing with conflicts within her team, “but I always make sure that the conversation remains friendly and casual, not intimidating.” But more than just constantly communicating with the team, Matin motivates her people to focus on the mission and face their fears. She reminds them to stay optimistic and persistent in achieving their target. They go to the meeting at least two times a week and make sure that they hit their 4S-schedule, system, structure and strategy. And what if there was an emergency and Matin had to be away from the company for, say 30 days, do they have strong leaders who could guide the ship in her absence? “Definitely,” she says, “that’s what we also do – train our people to be leaders.

Today, IMG Makati occupies  the 9th floor of Kings Court Building 1 in Chino Roces Ave(formerly Pasong Tamo St), and the 10th floor of the World Centre Building along Sen. Gil Puyat Ave(formerly Buendia). IMG has official offices in Cebu, Singapore, Hongkong, Davao and Cagayan de Oro, plus numerous independent training centers in Quezon City, Calamba, Dasmarinas, and other major cities in the Philippines and abroad.

Matin, based at IMG Makati in World Centre Building, also takes pride in saying that additional big companies in financial services industry are joining as IMG as financial industry providers. In her capacity as a CEO, Matin eyes to coach and produce hundreds of marketing directors in the Philippines and the world over.

Some people will like you, some won’t. Always remember that you do it for love and with purpose,” she says. She asserts she couldn’t have reached the position without the help of her supportive husband Malvin, attributing him as her best partner at IMG and sharing her success with him because they have the same goal, the same mindset. Malvin’s perseverance is in itself a key strength, his “never give up” attitude fires up the entire team. She also thanks God for the opportunity to be part of IMG and her mentors, Bro Benj and Sis Fely, for their guidance in her journey towards being a CEO.

For a woman who only wished her future family wouldn’t experience the same fate as her, Matin has indeed walked a thousand miles. And to all those who want to follow in her footsteps, she has one thing to say: “Better start early. Have the entrepreneurial spirit; nobody gets rich by being employed.” The 37-year-old self-confessed risk-taker then defines success as “achieving your dream of being truly rich, but also helping other people become rich themselves.

And should you fail? No worries, she has a pick-up line as a saving grace: “Don’t quit!” [“Bakit?“] “Mahulog na silang lahat, ‘wag lang ikaw ang mahuhulog.


To learn more about IMG, simply attend our FREE Saving Your Future Seminars on building a solid financial foundation and practical money management techniques in

Or if you are ready , you can join now!


This article is slightly rewritten and updated; the original article is found in IMG Champions Magazine 2013 edition, and reprinted in the IMG Official Blog

Paano Nakalaya ang Isang OFW Mula Sa Barko at Umuwi sa Pamilya sa Pilipinas

I-share ko lang po sa inyo ang kwento ni Randy and Christy

Ako po ay isang OFW as a Seaman, Randy Cañete.

Randy and Christy Cañete

Meet Randy and Christy Cañete. Randy says: “Ako po ay isang OFW as a Seaman, Randy Cañete. At sa loob ng 16
na taon. Sa loob ng 16 years na paghihirap at pag titiis na malayo sa Pamilya para kumita ng pera….”

At sa loob ng 16 na taon. Sa loob ng 16 years na paghihirap at pag titiis na malayo sa Pamilya para kumita ng pera
….14 years duon ay walang naitabi
…walang naipon at walang investments na bubuhay sa akin at sa pamilya ko kung saka sakaling bigla akong mawawalan ng trabaho
… (mapaaway o nadisgrasya sa barko).Ito siguro sa kadahilanang nagbago ang aking lifestyle ganun din ang aking pamilya
…lumaki ang aking kita pero mas lumaki ang aking gastusin at bayarin dahil sa aking naging
Lifestyle
….Negative cashflow dahil sa “Instant Gratification.” Bili dito, bili duon,pasyal
dito, pasyal doun. Nakalimutan ko na ang”Delayed Gratification” at matutong mag-ipon at mag-Invest para malaguin ang aking Hard Earned Money na syang magpapaginhawa at buhuhay sa aking pamilya sa oras ng wala na kong trabaho.

Salamat sa Dios at sa aking masidhing kagustuhan na matutunan ang wastong Financial
Literacy na natutunan ko sa pagbabasa ng mga Financial Books, pag aattend ng mga Seminars at higit sa lahat sa Opportunity at importanteng kaalaman sa buhay at ispritwal na ibinahagi sa aming mag-asawa ni Bo Sanchez at ng International Marketing Group that really changed
my insights how to handle hard earned Money and make them that Money work hard for me and for my Family. It teaches me and my wife too how to be a good Entreprenuer.

ps: sa ngayon po ay nakalaya nako sa pagiging alipin sa barko dahil 3 years narin ako dito sa Pilipinas kumikita gaya din ng kinikita ko sa barko.

pps: Kasama ko na pamilya ko at napakasarap ang buhay na makitang lumalaki ang aking mga anak at nagagabayan sila ng maayos at may suportang “Moral”.

PPPS: Para marating mo ang isang bagay, It is Important to know where you are right now muna. Answering this FREE survey will help you and your Family’s Future –> https://goo.gl/WpHJlP

AVOID SCAM AND PYRAMIDING! BE FINANCIALLY LITERATE!

Meet Randy and Christy when they conduct our FREE “Saving Your Future” seminar on Practical Money Management Techniques, in Dasmarinas Cavite. Christy normally conducts the Friday sessions.

Mayroon ding seminar sa:

Bridging the gap in health care

Kaiser : Bridging the Gap in Healthcare

by J3 Patino

What is Kaiser?

Kaiser HealthGroup International is the healthcare partner of the International Marketing Group (IMG). It is a lesser known Health Maintenance Organization (HMO) compared primarily because it’s focus is on the individual family clients (and not the corporate accounts). The reason why Kaiser was created was to address the LACK of long-term healthcare provided in the country.

Why Do We Need Long-Term Health Care?

Typically, an average Filipino employee would have a healthcare plan provided by his/her employer. This is certainly very beneficial and helpful to the employee and his dependents, and this covers for the person’s SHORT-TERM healthcare needs.

But what happens when the person has to leave the company? What if he is already forced to retire, or perhaps was made to be redundant? The healthcare benefits will also disappear! I honestly find it quite sad that when people get older, that is the time they will most likely need a healthcare plan, but that is also the time when they won’t have it already.

This is the BIG GAP in healthcare. Everyone has the typical short-term plans, but no one is preparing them for the future – a time when they will no longer be covered by any company, and a time where medical and hospitalization expenses would most likely be in the millions. This is the need that Kaiser is solving, one family at a time.

The Kaiser Short and Long-Term Plan

During the seminar, the Kaiser 4-in-1 plan must have been discussed to you. Depending on the skill on the speaker, there are some things that might not be really clear to you, so let me simplify it.

The Kaiser plan has 3 phases:

Phase 1: The Accumulation or Paying Phase (Year 1-7): For the first 7 years you will be paying for the plan. During this time, it works like a typical HMO wherein you have an annual benefit usable for hospitalization expenses. (There are a couple of bonuses like the Annual APE, and Dental Benefits, but honestly I think these shouldn’t even matter in your decision making).

Comparison to Other Providers: During this phase, the kaiser plan addresses the Short-Term healthcare needs. When compared to other healthcare providers, this plan is actually very sub-par. Short-term healthcare is definitely NOT this plans strong point).

Phase 2: The Growth Phase (Year 7-20): During this phase, you have completed all the payments and all you have to do is WAIT and let the plan mature. At this point your plan will have a starting cash value, that you can also use for medical expenses. The money is invested in government and corporate bonds, which are expected to yield 5-8% per year.

Comparison to Other Providers: During this phase, the Kaiser plan is still there for your short-term needs. The money is still growing at this point and it is at this phase when the Kaiser plan starts to step-up and be more competitive with the other health providers.

Phase 3: The Maturity (Year 20 and beyond): At the plans maturity at year 20, several bonuses will be awarded like the Long-term Care Benefit and Bonus. Plus about 85% of the premiums will be returned to you if you didn’t use the plan during the earlier phases. Here the cash value of your investment would also be good as cash – meaning you can use it for anything, not just hospitalization and medical expenses.

Comparison to Other Providers: At this phase, Kaiser stands out because most healthcare providers are already TOO expensive (Try this: add 20 years to your age now, and inquire how much a healthplan will cost….) Meanwhile, your money with Kaiser has already accumulated (and depending on the plan you chose, your Total Health Benefits would be upwards of P500,000 all the way to several millions).

All in all, I think the Kaiser plan is a great compliment for those who have existing healthcare plans (especially if its provided by your employer). This way you’re covered for both your short and long-term needs.

Where the Kaiser Plan Fits

As you learned in the seminar, there are 6 steps to financial freedom.

  1. Increase Cashflow (by increasing income and decreasing expenses)
  2. Manage Debt (by debt consolidation and eliminating it)
  3. Create Emergency Fund (Save 3 to 6 months of your expenses)
  4. Ensure Proper Protection (Portect for medical emergencies, and risks)
  5. Build Long-Term Savings (through investments)
  6. Preserve Estate (through estate planning)

Where does Kaiser Fit into the Picture?

Kaiser is in the 3rd and 4th step of achieving financial freedom. While investing in the stock market is at the 5th step already. And to build a solid financial foundation, these steps must be STRICTLY FOLLOWED.

(Imagine a child asking for dessert BEFORE even eating the main course and the vegetables. Would you, as a responsible parent, actually do this even if the child wants it so badly? Of course not! That would be very unhealthy, and it would ruin the whole point of eating (which is to make us healthier).

It’s the same thing in building a solid financial foundation. No matter, how good investing may make you feel, if not done with the right foundation it is also unhealthy. The right way is to Have a source of income first, THEN make sure you don’t have any high interest debts… THEN save and secure yourself with insurance and healthcare, THEN that’s the only time you invest.

Should You Get the Kaiser Plan?

Affiliate Disclaimer: I (along with your IMG financial coaches) will receive a commission should you decide to purchase a Kaiser plan through us. But as an independent and Registered Financial Planner, I will only recommend the plan if it suits your needs.

So let me start off with who should NOT get the plan..

PLEASE DO NOT get the plan IF:

  • You have no source of income.
    The unemployed, children and students are a big-no no. Retirees can get the plan only if someone else will cover for it, and you have savings that will last you at least 3 years.
  • You are buried in high-interest debts.
    If you cannot fully pay your credit cards, then please repay them first. Auto and Home Loans are okay since these are more acceptable interest rates.
  • You cannot save more than 10% of your salary.
    Focus on increasing your income and decreasing your expenses first. Learn how to budget and save first. Learn how to increase your income before moving on to the higher stages.

If you belong to any of the above, you can still come to IMG for coaching, but it is really not recommended that you get the health plan. Put the first things, first.

If you DO NOT belong to any of the above, then you can consider getting the plan. For this, I will simply rank it if it’s excellent, very good or good for you to get a plan:

The plan is EXCELLENT for you IF:

  • You are a young professional and you are already covered by your employers health benefits.
    This is a perfect compliment to your short and long-term healthcare needs. This is actually also very good because if you do not use the Kaiser plan in the early phases, you get the 85% return on your premium. So you current plan acts like a BUFFER to your Kaiser plan.
  • You are self-employed with no form of health/medical benefits.
    The bonuses are really valuable here like the insurance, APE, and of course the health plan. It being a 4-in-1 (savings, insurance, short and long-term healthcare) is also very convenient for your complicated and busy lifestyle.
  • You are an employee planning to transition into business.
    One of the fears that employees cling on to are the ‘benefits’ in the company. This almost always prevents them to take the leap of doing what they truly want to do. When you have your healthcare covered, at least you’ll have a safe foundation as you venture into the unknown.

The plan is VERY GOOD for you IF:

  • You are an established family man/woman in your 40’s to 55’s.
    Given that the plan takes 20 years to mature, it would just be in time for your retirement years.
  • You plan to grow old SINGLE.
    Not to assume anything about your future, but generally you will have less people to rely on in your old age. (Both socially, and financially). Having to hiring a personal caregiver is also very possible so it would be good to prepare as early as now.

The plan is GOOD for you IF:

  • You are starting or building a family.
    Healthcare is always a good thing, but the challenge in your case is the very tight budget. In this case, I would actually recommend you to focus on getting life insurance first, and really saving up for the emergency fund prior to getting additional healthcare. I would also recommend that you start saving for your child’s college tuition already if you have excess money. So invest in this Kaiser plan only when you can really afford it, and all the other necessary steps are already covered.

If you did not belong to any group above, sorry for missing out on you. But I believe with these examples, you already know the befits of the Kaiser plan.

Abouit J3 Patino

This review was written by J3 Patino – the founder of Pinoy Money Academy and an independent Registered Financial Planner. J3 helps Filipinos understand investments and other financial instruments so that they can make the right investment decisions and achieve their financial goals.

 

What is the International Marketing Group?

by J3 Patino

IMG’s Mission

The International Marketing Group’s (IMG) mission is simple,   No family left behind.

IMG seeks to make each and every Filipino family financially literate, financially stable and of course help them achieve their financial goals. And this mission is seen in their education focused marketing.

When you were invited to the seminar, it was a FREE Financial Literacy seminar. Whether or not you buy the products, you learned about:

  • the X-Curve Concept of Responsibility
  • The Rule of 72 in Investing,
  • the 6 Steps to Financial Freedom and
  • many others.

After that, you also probably received the personal coaching – depending on the skill of your coach and your willingness to participate then you could get a lot of financial insights out of this session. Again, you get all of these regardless if you choose to buy any product or not.

This is one unique aspect I’ve observed with IMG as a broker – IMG’s priority is focused on education, not sales. I think it has this luxury because most of its agents DO NOT HAVE QUOTAS. And when agents do not have quota’s they can really take their time in teaching the customer.

For instance, there was a case wherein during the coaching, the participant said that she was still buried in personal debt amounting to about P300,000. Now here’s what a typical sales agent would try to do, try to sell the person insurance or investment to cover for the debt payment in case of death… Then when the person can’t buy, then the typical agent would already move on to the next customer.

In IMG, the person was told NOT to buy anything. Instead, she was taught to focus on repaying her debts FIRST! She was also educated on tools on how to budget and coached over the long-run. (All for FREE!) It took the person 3 years to become debt-free. And all this time, the IMG coach was helping her and giving her motivation that she could do it. When she was already debt free and had an emergency fund, that was the only time when she was given advice to buy insurance and start investing. This is just one in many instances wherein it is clear that IMG is focused on helping families build a solid financial foundation, rather than making a sale.

IMG as a Brokerage

IMG is a financial brokerage. It is a distributor of financial instruments from healthcare plans, insurance, mutual funds to real estate and many others. So as a broker, take note that IMG is not the manager of any of the products, rather they act as distributors.

Meaning, if you decide to invest in IMG, you’re not really investing in IMG but with it’s product partners. If you bought PhilamLife life insurance, then you technically invested in PhilamLife, not IMG. If you bought real estate at Ayala Land or Vista Land, then you technically invested in Ayala or perhaps Vista Land, it is not IMG.

Why is this distinction important? It’s because we frequently ask, the question:

Is my investment money safe with <where you placed the investment>?

So we have to realize that in all this, you should not be asking “Is my money safe with IMG?” IMG is just the broker, it just gets a commission from the sale. It is not where your majority of your money is going to. Rather you should ask… “Is my money safe with the <product provider>?“:

Ask instead: “Is it safe with PhilamLife?”  Or perhaps Ayala? Or maybe First Metro? Or PhilEquity?

Half of being a good investor is knowing the right questions to ask. Because if you ask the wrong question, then the answer is actually quite irrelevant. With that cleared up, let’s move forward.

IMG’s Stability and Credibility

It is because of this focus on education that IMG has gained several reputable endorsements. For instance, Bo Sanchez, an international motivational speaker and preacher has repeatedly endorsed IMG publicly in his seminars. Rex Mendoza, the former CEO of PhilamLife is one of IMG’s solid partners. Fitz Villafuerte, a very prominent financial blogger, is a financial advocate of IMG. There are countless many others that will gladly and proudly say that they are partnered with IMG.

We will discuss Kaiser and the Kaiser Ultimate Health Plan  in the next articles.

About J3 Patino

J3 PATIÑO is a personal finance consultant dedicated to teaching Filipinos around the world, how to achieve financial freedom and financial abundance by understanding the world of money, in a simple, practical and very-easy to understand way.

J3 is the founder of StockMarketforPinoys.com, the remarkable online website that teaches Filipino’s how to invest in the stock market in the fastest and simplest way possible. His E-book, “The Stock Market Jumpstarter” has been shared all over the world because it has made the complicated stock market world, very easy to understand, even a grade-schooler would get it.