philam life

Are we at the tail end?

If one were to consult sellers, the probability of the benchmark PCOMP Index reaching “bottom” is low. So, the question remains, why are Foreign-domiciled funds still selling? The simple answer is: sellers are taking profit.

Sellers are taking profit because they know that Philippine stocks cannot outperform other stock markets all the time. Thus, this opportunity to take profit now when Philippine stocks are doing well is irresistible. To recall, Philippine stocks “disconnected” from the rest of the world soon after the elections. The local stock market rallied for several weeks after elections while investor sentiment deteriorated globally. As they have in the past, traders will take profit even if they are convinced that the local stock market can outperform most other markets for most of the time.

Traders will stop selling when there is little or no profit left to take, or when the local market is due for a “bounce”. If it is a question of whether the Philippines is “expensive” or “the most expensive” stock market, then no trader nor stock fund would be interested in Philippine stocks at all. “Expensive” is old news.

The expensiveness or intrinsic value of a stock market is driven by the cash flow, growth and risk character of its listed-companies – not by the trading pattern or signal generated by technical analysis in charts. The intrinsic value of the Philippine stock market is higher than most other markets because of the persistent reality of stronger cash flows, higher economic growth prospects and lower risk that characterize Philippine companies when compared to many companies in most other markets. The reality is persistent because of the character of the local economy, for example the country’s demographics is in a sweet spot with most of the population in working age.

“Price” is driven by the “weight” of the buy and sell flows of traders. Simply put, it is the balance of the demand and supply of shares that determine price. However, stock prices tend to “approach” their intrinsic value. The estimate of the intrinsic value of Philippine stocks by analysts now stands at 8,166, based on a survey from Bloomberg. Expectedly, as stock prices fall or become cheaper relative to their intrinsic value, demand for Philippine shares will increase.

Investors who have a long-term perspective of the markets and are aware that they cannot ‘catch the bottom’ will take on the view that the current administration’s economic agenda will speak louder than the president’s unpredictable words. Investors will look at the economic agenda to find the cheapest stocks.

Fortunately, the theme of ‘inclusive growth’ which aims to increase the purchasing power and improve the living standards of the majority of the Filipinos makes the most-attractive industries or sectors obvious, that is food and staples retailing, packaged foods and meats, restaurants, and multi-sector holding companies involved mostly in infrastructure.

In order to avoid the predicament of waiting in the wings and remaining un-invested, investors will have to start buying before the traders stop selling. It also keeps investors from getting left behind when the stock market does “bounce”.

Advertisements

The Real Life Passions of Generation-Y

Having the right balance between career and lifestyle can be challenging for many people, but for Philam Life Financial Advisors, it is possible to work at their own pace, and enjoy the perks of the career, which allows them to get as much out of the job as they put into it.

In a power-packed launch party event, dubbed as, “Ignite! The Real Party Never Stops,” Philam Life launched its new Next Generation campaign that celebrates the successes of young Financial Advisors, who take pride in having chosen a career that supports and complements their individual passions. They officially unveiled its Next Generation video, its maiden issue of Ignite! Magazine, and an exclusive first look at an up and coming new and exciting online community.

Philam Ignite Magazine

​Host Joyce Pring digitally flips through the pages of Ignite’s first issue

Ignite

​Ms. Anagel “Jay” Ledesma, Philam Life’s Chief Agency Officer poses with the first issue of Ignite


Here, Philam Life featured 13 young, passionate Next Generation Champions who have discovered how it is to take charge of a successful career while doing the things they love.  Among them was Aileen Palmes, who felt fulfilled in ruling her world. Her love for ballet taught her what it truly means to love what she does and she applies it now with her passion for her career.

Philam Life Ignite

​The Philam Life Gen Y Champions

Another featured Champion was Timothie Sy, who developed a winning mindset, attitude and discipline from his training as a Financial Advisor. He takes this with him wherever he may be in the world and in whatever situation he may find himself in. Aileen and Timothie, together with the rest of the Champions, walked down the catwalk as styled by celebrity stylist Carla Villanueva and presented by the very talented host Joyce Pring.

Philam Life Ignite

​Philam Life’s Gen Y Champions: Timothie Sy and Aileen Palms

Speaking at the party event was Philam Life CEO Axel Bromley who recognized the amazing power of the Next Generation and reaffirmed that being a Philam Life Financial Advisor fits the lifestyle of this young and driven generation. “I admire how millennials are finding their place in Philam Life as Financial Advisors. Philam Life provides them an opportunity to ‘work to live’ rather than ‘live to work,’ while enabling them to pursue their real life passions,” he enthused.

Bromley explained that being a Philam Life Financial Advisor means more than just a career. “It’s a way of life that allows members of the Next Generation to ignite their passion and achieve their dreams while changing lives and making real life plans happen.”

“Ignite!” was held at Valkyrie, one of the most popular clubs in the metro, where the crowd danced to the music of Club Master DJ Euric, and enjoyed unforgettable moments captured by hotshot photographer Inez Moro.

To discover exciting opportunities in Philam Life, please call (02) 526-9456 or visit www.RealLifePassion.com.ph.

Philam Life new CEO

Philam Life’s newly-elected CEO J. Axel Bromley visits IC

Courtesy Visit to IC

Insurance Commissioner Atty. Emmanuel Dooc (center) shakes the hand of newly-elected Philam Life CEO J. Axel Bromley (right) who made a courtesy call together with former Philam Life CEO Estelito Madrid, Jr. (left).

Insurance Commissioner Atty. Emmanuel Dooc (center) shakes the hand of newly-elected Philam Life CEO J. Axel Bromley (right) who made a courtesy call together with former Philam Life CEO Estelito Madrid, Jr. (left).

Newly-elected Philam Life CEO J. Axel Bromley, together with former Philam Life CEO Estelito Madrid, Jr. (left)  made a courtesy visit to Insurance Commissioner Atty. Emmanuel Dooc recently.

Mr. Bromley brings rich global experience to the role, after spending over 20 years of working in Eastern Europe, South and Central America, the Middle East and the Indian Sub-Continent. He also has more than 13 years of experience in the insurance industry, previously as General Manager/Country Manager in Nepal, Qatar, Bahrain, Kuwait, Oman, and Ukraine.

Prior to the election, Mr. Bromley was Director of Strategic Initiatives at AIA Group, Philam Life’s parent company, which is the largest independent publicly listed pan-Asian life insurance group with presence in 18 markets in Asia-Pacific.

# # # 

About Philam Life 

The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on June 21, 1947, Philam Life offers an extensive line of products in the industry that provides solutions to various financial needs including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance.

Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.

About AIA 

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and representative offices in Myanmar and Cambodia.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$167 billion as of 30 November 2014.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 28 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

 

Philam Life offers protection even at early stages of a critical illness

To help Filipinos become financially prepared against health setbacks, Philam Life recently launched Health Invest Plus—its flagship health product and the latest addition to its health portfolio. It is a health and life insurance plan that takes care of one’s health now and in the future. It provides financial protection even from the early stages of a critical illness like heart attack, cancer, and stroke— which are the top causes of death in the country.

In a press conference held recently, Philam Life Chief Marketing Officer Jaime Jose Javier Jr. shared that Health Invest Plus provides financial protection for both early stage and major critical illnesses, including cancer, heart attack and stroke— which are the top causes of death in the country. He also noted that Health Invest Plus’ key benefit is that it provides cash payments even for early stage critical illnesses to help clients financially on their way to recovery. Most critical illness plans do not cover early stage conditions.

Philam Life offers financial protection even at early stages of a critical illness. To help Filipinos be financially prepared to address serious health issues, the Philippine American Life and General Insurance Company (Philam Life) recently launched Health Invest Plus – its flagship product this year and the latest addition to its health portfolio. During the launch, Dr. Emily Tan-Aventura (center), a critical care specialist, shared her advice on early stage detection and treatment that can improve the chances of recovery, while Philam Life Chief Marketing Officer Jaime Jose Javier Jr. (left) presented Health Invest Plus, a health and life insurance plan that provides financial protection even during the early stages of a critical illness like heart attack, cancer and stroke – the top causes of death in the country. Stressing the value of being prepared financially, Dr. John Solamo (right), a comprehensive ophthalmologist, related how having a life insurance plan had helped him survive a critical heart condition. Health Invest Plus covers number of critical illnesses among unit-linked plans on the market.

Philam Life offers financial protection even at early stages of a critical illness. To help Filipinos be financially prepared to address serious health issues, the Philippine American Life and General Insurance Company (Philam Life) recently launched Health Invest Plus – its flagship product this year and the latest addition to its health portfolio. During the launch, Dr. Emily Tan-Aventura (center), a critical care specialist, shared her advice on early stage detection and treatment that can improve the chances of recovery, while Philam Life Chief Marketing Officer Jaime Jose Javier Jr. (left) presented Health Invest Plus, a health and life insurance plan that provides financial protection even during the early stages of a critical illness like heart attack, cancer and stroke – the top causes of death in the country. Stressing the value of being prepared financially, Dr. John Solamo (right), a comprehensive ophthalmologist, related how having a life insurance plan had helped him survive a critical heart condition. Health Invest Plus covers number of critical illnesses among unit-linked plans on the market.

Health Invest Plus provides lump-sum benefits when diagnosed with any of the 56 covered major critical illnesses—the most among unit-linked plans in the market. (Unit-Linked Products are life insurance and investment plan-in-one where the benefits are linked to the returns of a chosen investment fund.) Future premium payments will also be waived. If one is diagnosed with a covered early stage critical condition, 25 percent of the Critical Illness coverage will be given in advance.

Health Invest Plus’ critical illness coverage is until age 75— when one is already in his retirement years and has a greater need for health coverage. Most critical illness plans do not cover until this age.

Since Health Invest Plus is a unit-linked plan, premium payments are invested, allowing one to grow a Health fund, which can be used for health maintenance or other costs during one’s later years.

The plan also provides cash benefits for accidental injuries or disabilities and loss of life, providing comprehensive coverage for policyholders now and in the future.

“With Philam Life’s Health Invest Plus, customers can have peace of mind knowing they are financially prepared against health setbacks now and as they grow older, so they can be there for their family,” said Javier. He also encouraged Filipinos “to assess their current health coverage as majority of us are not prepared for the costs that come with the diagnosis of a critical illness, as well as other health concerns.”

Preparing for health emergencies with the right plan and financial partner

Attesting to the importance of having a health plan to prepare for the unexpected is Dr. John Solamo, an eye doctor, a running enthusiast and a family man.

He underwent an open heart surgery at age 42 to bypass the dangerous arterial blockages, discovered after going through a stress test. At the time of his operation, Solamo had just placed his life savings into the purchase of a new home for his family.

Fortunately for him, he secured a health insurance policy from Philam Life when he was just 34, when a life-threatening disease came unexpected for the physically fit doctor. Had it not been for this health and life insurance policy, he could not have afforded the cost of his surgery and his young family could have been in deep financial trouble.

“When I heard that I had to undergo heart surgery, I worried about not being able to fulfill my obligations to my family and that I will not be there for my kids. On the other hand, I am thankful that I was diagnosed to have a heart disease, when I could still be treated,” he said.

This experience taught Solamo that the right insurance product can prepare him and his family for unexpected health difficulties that can happen to anyone, anytime. For such unforgettable experience, he has become one of the staunchest advocates of financial preparedness as a means to combat health emergencies.

In getting a health and life insurance plan, it is also important to deal with a trustworthy financial company which has proven its stability, trustworthiness and strength over the years, and with a track record of keeping its promises. This will give the assurance that benefits will be delivered when the time comes.