To prepare for unintentional retirement, which is normally caused by accident or ailment, you need to invest on a life insurance and personal accident insurance today. Why? Because you never know if you’ll be sick or be in an accident and these financial products will replace your income in the event that you are still alive but can no longer work for money due to accident or ailment. How much? Any amount is better than nothing to start with. But the most conservative amount for me is your yearly expenses now multiplied to the number of years before your desired retirement date (i.e., P300,000.00 yearly expenses X 28 years = P8.4M coverage for life insurance and personal accident insurance). The younger you invest on this, the more affordable it is. Contact your insurance agent to learn how much you need to invest on a consistent basis to get your desired amount and how many years you have to do that (you may contact 09289843636 for all your insurance needs).
