Do you know that the country's pension system can provide only 20 percent of the income one needs for when they retire? That's really not enough to survive.
And with the current situation that we are in, challenging times are upon us. Saving up has proven to be difficult, what more planning for one's retirement. In a recent survey by Philippine Statistics Authority (PSA) on the country's labor force, it revealed that the number of Filipinos over 65 years old has increased from 34.9 percent in May 2022 to 38.2 percent in June 2022.
This may not be as alarming for the younger generation, but this piece of data should be a wake up call. To live comfortably and worry-free as we grow old is a dream, and it's a dream that is possible to achieve.
AXA Philippines hopes to help Filipinos achieve this dream with its latest offering, MyLifeChoice's Retirement variant under AXA Global Assets Income Paying Fund (AXA GAIN Fund), Goal Planner, and Investment Tracker Tools. And it's always best to start as early as possible. Choose from the accumulation stage where one is earning its highest with savings to boot or decumulation stage where one is starting to enjoy the benefits of saving early and reinvesting.
With MyLifeChoice Retirement, one can protect oneself and prepare for "surprises" that may come. There's also the Target Date Fund that lets you earn more from your savings, at the same time, minimize risks. One can also diversify one's portfolio by dabbling into different assets, giving you more flexibility in managing investments. There's also the Start-Up Bonus where you get about 70 percent of the first year annual premium, using it to invest in select AXA funds.
Gain Fund is an income-paying fund that offers a semi-annual cash payout for when there are times one needs more cash than usual. This can be accessed though the Asset Master product, providing a regular source of income while on retirement.
Track retirement goals with Goal Planner and Investment Tracker features that will both be available soon in mobile app and on the website. Monitoring one's progress definitely helps users stay at ease with their savings under this insurance company.

"At AXA, we are committed to help our customers protect what matters to them in all stages of their
lives. With our new products and tools for retirement planning, we hope we can help Filipinos be
secure and able to retire on their own terms,” ends AXA Philippines Chief Customer Officer Nandy Villar.
For more details, visit this link.