Take care of your family

How to protect wealth to secure your family’s future

Proper wealth management is key to preserving your hard-earned money and assets. Know wealth preservation tips that can help secure future generations of your family.

Our family's well-being is always top priority. We work hard,  save, and invest to secure their future. That is why wealth preservation is such an important part of financial planning – it allows us to be ready and stable when unexpected life events occur.


If you properly manage your hard-earned money and assets, you can use your accumulated funds when you retire or you can pass them on to your loved ones. Here are some wealth preservation strategies to help you achieve your  financial goals for your family:

  • Buy insurance. Protect your assets by acquiring  life insurance. This will ensure your family’s financial capacity against any unforeseen events. There are different types of life insurance that you can choose from to suit your needs. You can use it for income continuation even after retirement, for medical and hospitalization expenses, or as a pamana when you pass away. Life insurance provides the benefit of lifetime coverage which supports wealth preservation.
  • Expand your investment portfolio. Diversification of investment portfolios can assist you in preserving family wealth. A balanced portfolio is one investment strategy in which you place your money in investments with different risk classes.


To reduce the risk of a significant loss, you can put your money in various industries like technology and finance. By spreading your investments, you also lower your risks if one sector of the economy suffers.

  • Prepare a will.  A will is a legal document that specifies how property and other assets should be distributed to family members and other individuals. You can prepare a will by hiring a lawyer or attorney to write it. A will is not only for those with high net worth, but for those who want to preserve their wealth for the financial security of future generations. 
  • Establish a living trust. A living trust is another step towards wealth preservation. Assets such as home, bank accounts, stocks, and other investments are placed into a trust. A trustee will manage your trust during your lifetime then it will be transferred to your beneficiaries, such as family members, when you are no longer around.
  • Create a business succession plan. If you have a family business, a succession plan is essential. The common option for wealth preservation strategy is passing ownership to a family member. This entails much work so it’s best to get started on it early on. Seek advice from experts, open communication lines with your family, and do your own research to protect your financial resources for future generations.


Sun Life offers Business Owner Insurance Packages (BIP) to meet your financial needs for every stage of your business. Whether you’re starting a new venture or preserving the legacy of your family business, you can rely on us to guide you through your financial journey and help you future-proof your business and personal goals.

  • Consult a financial advisor. Asking for professional help from a financial advisor will help you to meet your financial goals. Financial advisors can help craft a financial plan and offer the best product solution for your needs. They can also suggest various wealth preservation strategies to help secure your family’s future.


As a Partner for Life, Sun Life offers different product solutions to safeguard your wealth, whether for yourself, for your family, or for your business. These include Sun Legacy, a protection and savings plan that helps to preserve the wealth you have built over the years. The benefits will be passed on to your loved ones to ensure the family’s income in the future even when an unanticipated event happens.

Want to know more about how to preserve your hard-earned money? Talk to a Sun Life advisor today! 


ALSO READ: How to save money on a minimum wage

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Brighter Life Team

The Brighter Life Team is Sun Life's very own writing team. Sharing their own experiences, goals, and ideas, the Brighter Life Team is ready to make your day brighter.