Future-proof your business and personal goals
As a business owner, you need to have a contingency fund to help you manage your cash flow especially during these uncertain times. Better if it comes with lifetime insurance coverage.
As a business owner, you need to have a contingency fund to help you manage your cash flow especially during these uncertain times. Better if it comes with lifetime insurance coverage.
During the Covid-19 pandemic, most MSMEs lacked the funds to maintain their business. According to a study conducted by the Asian Development Bank, 44% of microenterprises had no cash or savings when the lockdown was implemented. A large number had to borrow funds from close relatives. Most MSMEs had difficulty raising even a small amount of working capital (Php50,000).
Here’s why you need an emergency fund for your business:
1. You can continue your operations during tough and uncertain times.
2. You don’t need to borrow funds or rely on loans with interest.
3. You can keep your personal and business funds intact.
COVID-19 IMPACT ON MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES UNDER THE LOCKDOWN: EVIDENCE FROM A RAPID SURVEY IN THE PHILIPPINES, February 2021
Survey Period: March 30-April 16,2020
An alternative savings vehicle that potentially provides higher annual returns compared to traditional bank accounts.
Benefits indicated above are subject to contestability provisions, exclusions and/or provisions on pre-existing conditions, specific guidelines set by Sun Life and the actual provisions of the insurance policy contract.
Benefits indicated above are subject to contestability provisions, exclusions and/or provisions on pre-existing conditions, specific guidelines set by Sun Life and the actual provisions of the insurance policy contract.