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It is said that one does not truly die as long as he is still spoken of. If you leave a strong legacy, you will live on forever in the hearts and minds of those around you.<\/p>\n
Since a statistically significant number of us aren\u2019t going to find the cure for cancer, we should be focusing on leaving something behind for those around us. Building a financial legacy that provides stability for our loved ones – and our community – is well within the reach of every Malaysian.<\/p>\n
Nothing can replace the priceless memories with your loved ones, but you can also take steps to prepare for what’s to come and ensure that your legacy takes your loved ones one step closer towards financial security.<\/p>\n
The simplest legacy you can leave behind is being debt-free; allowing your loved ones to continue on without the burden of taking on your unfinished payments. Yes, it\u2019s true that debt is not passed on to your next of kin; but that doesn\u2019t mean that they will not have to deal with your loans.<\/p>\n
Your estate (assets) is first used to settle your existing debts when you are no longer around. This means the more debt that you have, the less financial assets will be left to pass on to your next of kin.<\/p>\n
On the other hand, if you only had RM70,000 in savings, all of it would be used to pay for the loan. After which the bank would offer your family the option to take on the rest of the loan. If they are unable to service it, the bank would then have to foreclose on your property.<\/div><\/div>\n
The first step to building a financial legacy is to create a stable base. It should go without saying that life insurance or a Takaful plan goes a long way to meeting this goal. Having a financial safety net ensures that your financial legacy stays intact if anything untoward happens to you.<\/p>\n
Not adding to your loved ones\u2019 financial burden is a good first step, but it is not the only thing that you should do.<\/p>\n
Providing the best for your child can be expensive. Food, clothes, medical bills, and education all cost a lot of money; yet you still want to give them the best chance of success in life.<\/p>\n
This is why you hear of some parents helping their children with their first car, or home. It all starts by putting a little money aside each month to make that special gift possible.<\/p>\n
But how much do you need?<\/p>\n
Price of a Proton Saga Standard AT 2019 – RM 35,800.00
\nAmount of time to save – 21 years
\nAmount to save each month – RM293<\/p>\n
By sticking to the plan, you could potentially be able to afford a brand new car for your child just as they graduate from university. Giving them not only a means of transportation to find work, but also the added financial freedom of not having to maintain a car loan.<\/p>\n
You could also use that same amount to begin growing your child\u2019s wealth. Instead of saving, start investing that small amount each month. It could be unit trust, REITs, or even just a simple FD. Regardless of your choice, this will help leave a worthy financial legacy.<\/p>\n
Leaving a legacy is not only limited to your own family. Some of the greatest legacies are those left to make the world a better place. Every little bit helps, and you don\u2019t need to be going out of the way to singlehandedly bring world peace.<\/p>\n
Perhaps you believe strongly in a cause like saving the Malayan Tiger or providing fresh water to indigenous people. Or perhaps you want to help develop the performing arts and give a future Oscar-winning director his\/her first start.<\/p>\n
There is always a charity or NGO that needs help keeping the lights on, or to keep trying to improve the world. Many of these often go underfunded due to lack of financial support to raise awareness.<\/p>\n
Philanthropy is not only limited to the super rich – it\u2019s an aspiration that just about anyone can do. What is even better is when your legacy planning allows you to allocate an additional amount gifted to your chosen charity organisation after your family has already been taken care of.<\/p>\n
How do you do it all?<\/em><\/p>\n It\u2019s easy to talk about leaving a financial legacy if you happen to have a good income. However, don\u2019t become discouraged even if you are finding it difficult to save money. After all, even small legacies will be remembered by those they benefit.<\/p>\n This is a Takaful plan designed to help everyone leave a worthy financial legacy. A-Life Legasi offers to pay out twice the value of your coverage amount if you pass away due to an accident, and up to 600% more if you pass away due to a natural disaster. Furthermore, the A-Plus Infaq rider makes it possible for you to embrace a charitable cause as part of your legacy.<\/p>\n With this, you can carry on knowing that your loved ones and even the charity you are passionate about will be well taken care of should anything unfortunate happen to you.<\/p>\n The benefits also extend to you while you are still around and contributing to the fund. If you\u2019re saving for major life milestones, the Akaun Legasi can be a top up that will help get you there.<\/p>\n<\/span>Create more than loving memories with A-Life Legasi from AIA Public Takaful<\/span><\/h2>\n
How does Akaun Legasi reward good financial habits?<\/h3>\n
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