THE global financial crisis is encouraging people to save money, observed an independent representative of the International Marketing Group (IMG), a marketing company directed at serving the financial needs of individuals and families. In order for one's savings to grow, Jeoffrey Escala said the public needs the right financial information and education which, he noted, is lacking in the country.
He said that while IMG has a "system and guide" to help Filipinos save, they should have the discipline. IMG is an international financial distribution company with branches in the United States, Canada, Taiwan, Hong Kong and the Philippines, among others. Its product portfolio includes retirement strategies, mutual funds, peso and dollar investments, long-term health care, pre-need plans, life insurance, investment adviser services, mortgage insurance, business insurance and estate preservation.
IMG's product providers are Kaiser International Health Group Inc., Prudential Plans Inc., Prudential Optima Funds, Malayan Insurance, Grepalife, Medicard and Cocolife, among others.
Local IMG representatives, in a regular financial seminar last Saturday, stressed the need for people to build a solid financial foundation and understand the basic concepts involved, in investment, health care and debt management, among others. IMG urged participants to increase their income and fulfill their aspirations with its help. NRC