A recent study by insurance company EastWest Ageas reveals that 82 percent of Filipinos actively work toward income security, while 81 percent prioritize health to avoid costly medical expenses.
However, research from WTW Research Network warns that wages in the Philippines are expected to stagnate by 2026, with nearly half of local companies reducing salary budgets amid global recession fears and cost-cutting measures.
Rising living costs, including food and housing, further strain young adults’ financial ambitions.
In response, EastWest Ageas launched the Dream Builder Plan, part of its PURPLE solutions lineup. The plan offers guaranteed cash payouts after six years and a maturity benefit after 20 years, alongside death benefits up to 200 percent of the sum insured.
Designed to help Filipinos manage daily expenses, emergencies, and long-term goals like education and retirement, Dream Builder features a simplified application process to enhance accessibility.
Sjoerd Smeets, EastWest Ageas president and CEO, emphasized the plan’s role in empowering Filipinos to pursue life goals with financial protection. Greg Martin, chief distribution and marketing officer, added that Dream Builder aims to provide security and peace of mind amid uncertain times.
