Perfin

• Bank Products These are the most common type of investments there is. One basically deposits a sum of money and it will be held securely and limits withdrawal. Savings Accounts, Certificates of Deposit (CDs) count as bank products.
• Savings account

  Highly liquid cash with limits dictated by a bank standard procedure.Also known as passbook savings and is available on wide range of Kansas, peso and dollar being the most popular
• Time deposit account Lock the money in the bank for a certain lock in period, sometimes called tenor, maturity or terms of placement. During this time, the depositor is not allowed to withdraw any part of the initial deposit. 
• Risk Sharing- The risk is uncertain, and therefore, the loss arising from the risk is also uncertain. When risk takes place, the loss is shared by al the persons who are exposed to the risk.
• Insurance- Is an agreement whereby one undertakes for a consideration to indemnify another against loss, damage or liability arising from an unknown or contingent event
• Provides protection- The main function of insurance is to protect the probable chances of loss. The time and amount of loss are uncertain and at the happening of risk, the person wil sufer the loss in the absence of insurance. The insurance guarantees the payment of loss and thus protects the assured from suferings. The insurance cannot check the happening of risk but can provide for losses at the happening of the risk
• Improve efficiency- Insurance eliminates worries and miseries of losses at death and destruction of property. The carefree person can devote his body and soul together for better achievement, it improves not only his eficiency but the eficiencies of the masses are also advanced
• Provides Capital- The insurance provides capital to society. The accumulated funds are invested in the productive channel. The death of the capital of the society is minimized to a greater extent with the help of investment in insurance. The industry, the business, and the individual are benefted by the investment and loans of the insurers
• Helps economic progress- The insurance by protecting the society from huge losses of damage, destruction, and death, provides an initiative to work hard for the betterment of the masses. The next factor of economic progress, the capital, is also immensely provided by the masses. The property, the valuable assets, the man, the machine and the society cannot lose much at the disaster
• Provides certainty-Insurance provides certainty of payment at the uncertainty of loss. The uncertainty of loss can be reduced by better planning and administration. But, the insurance relieves the person from such a dificult task. Moreover, if the subject matters are not adequate, the self-provision may prove costlier. There are diferent types of uncertainty in a risk.
• Whole life- As the name suggests, whole life insurance covers the insured for their entire life or until they reach 100 years old. It also acts as a savings vehicle since a portion of the premiums wil be alocated for cash funds. While premiums are higher and prices are fxed, payment terms are more fexible
• Time deposit account

  Lock the money in the bank for a certain lock in period, sometimes called tenor, maturity or terms of placement. During this time, the depositor is not allowed to withdraw any part of the initial deposit.
• Endowment- This type of life insurance policy awards a lump sum to the policyholder after a particular time or upon death. The insured wil pay the premiums for a lock-in period or until they reach a specifc age. Premiums are higher for this type, but the policy owner is granted returns upon its maturity.
• life insurance -Insurance on human lives and insurance appertaining thereto or connected therewith This is the most straightforward type of life insurance where the benefciaries wil receive a lump sum amount if the insured passes away during the term coverage. It has low premiums and the policy is easy to understand. However, there are no benefts for the policyholder if they outlive the term coverage.
• Stocks are units of ownership in a corporation. To put it simply, when one buys stock from a certain corporation, he technically “owns” part of the company.
• Variable Unit Linked (VUL)-is a popular type of insurance policy that combines life coverage and investment opportunities. Many prefer this simply because it has benefts for the insured while they are alive. Investment fees are paid for on top of the insurance premiums, and the death beneft and cash funds wil depend on the performance of the investment.
• Bonds are a lot more complex than stocks, mostly because they’re a lot tougher to comprehend.

  A bond is a debt security. Basically, if one buys a bond, he would be called a creditor. When corporations, agencies, organizations, and even the government need funding, they turn to bonds.

  When corporations, agencies, organizations, and even the government need funding, they turn to bonds.
• Non Life Insurance- It covers things that not covered by life insurance protect you from property, loss, damages, or legal liabilities
• Car- As the name itself says, car insurance insures the car (and the riders) in the event of accidents resulting from both natural (e.g. typhoons, foods, etc.) and man-made (e.g. theft, exterior and interior damages) occurrences. Comprehensive car insurance includes protection against accidents and theft and provides roadside and sometime medical assistance and coverage as wel
• Government securities are debt instruments. Issued by the public of the Philippines, or any of its instrumentalities to finance public expenditures.
• Fire- The main thing to note is that whether it is home or fre insurance, always read the policy, page to page. Ensure that al the points discussed and agreed with the insurance agent are al stated in the document. This way, it doesn’t matter whether one opted for home or fre insurance. If the coverage one wants to make a claim for is stated in his insurance policy, then there’s no need to worry.
• Health insurance -is a type of insurance coverage that pays for medical, surgical, and sometimes dental expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from ilness or injury, or pay the care provider directly. It is often included in employer beneft packages as a means of enticing quality employees, with premiums partialy covered by the employer but often also deducted from employee paychecks. The cost of health insurance premiums is deductible to the payer, and the benefts received are tax-free
• Travel Insurance- Many tend to forego of travel insurance because of the additional expense. However, the insurance premium is a smal price to pay in the event of an accident, such as losing your luggage. If there is a plan to travel far away (e.g. from Southeast Asia to Europe) and expect to buy a lot of new belongings, maybe one should consider travel insurance for this once-in-a-lifetime trip
• government securities These are relatively safe since they are guaranteed by the Philippine government. They also provide steady and regular income every year.
• It also the safest investment in the instrument in the market. Because they are back by the full toxic power of the government, they are practical default, risk-free.
• Home insurance- functions in the same way as car insurance does but for the home instead. Owning a home is part of the Filipino dream, and real estate is the preferable investment (over paper assets) in this country. With the importance of real property in this country, it should be a given to protect one’s home at al costs; however, not many consider getting home insurance, especialy with the annual premiums that reach the high fve-digit mark.
• Investment Funds

  This is the capital sourced from different investors. Mutual Funds and Unit Investment Trust Fund count as investment fund.
• Estate -is the colective sum of an individual's net worth, including al property, possessions and other assets.
• Mutual Fund is a type of investment where one joins other investors and corporations to form a massive fund which will be handled by an expert/professional who is called fund manager for diversified portfolios of stocks, bonds, securities, money markets and other mutual funds. I
• Will – is a legal document which tels how a person wants to distribute his estate upon his death. It must be written in a language or dialect that is known to him
• Heirs – are the individuals who are set to be recipients of the wealth
• Executor – is the person named in the wil who is assigned to implement the provisions
• UITF (Unit Investment Trust Fund)

  is also a type of investment where one joins other investors and entities to form a Trust Fund which will be handled by Trust expert/professional for diversified portfolios of stocks, bonds, securities, money markets and other funds.
• Heirs – are the individuals who are set to be recipients of the wealth
• Convene a family meeting- Matters have to be sorted out, and roles need to be discussed so that no one feels left out, aggrieved, or worse, cheated by other surviving relatives. A family meeting wil also let everyone share information pertaining to fnances or matters relating to it
• Real Estate

  There are several possible ventures in real estate investment. These options include leasing land, condotel investing, renting property, land partnership, and many more.
• Get a death certificate-This is an important document that the family wil need every step of the way, so it wil be helpful to get several certifed true copies for convenience. Among the institutions that wil require this are the Social Bureau of Internal Revenue, banks and other fnancial the deceased held accounts
• Gather records - These would include the transfer certifcate of titles for real estate, car registration for vehicles, bank certifcates, passbooks, deeds of assignment, contracts to sel, declarations of trust, insurance policies, pension plans and other forms or documents showing a right, title, claim or interest in favor of the deceased. Know the value of these assets. For real estate, get the zonal valuation of the property. For shares of stock, these would be based on the price at the time of death
• Go through the assets and liabilities left behind by the deceased -Assets include cash, money market placements, equities and bonds, shares in existing businesses, insurance plans, real estate, cars, jewelry, paintings, and other valuables. Liabilities include personal debt, credit cards dues, amortizations, and the like
• real Estate (foreclosed properties)

  This kind of investment requires a higher money to invest so as to serve as a payment for the property to be purchased