Roadmap to Financial Independence | Married without Kids

WHO ARE S.I.N.K.S AND D.I.N.K.S?

Married without children? Then you must be a S.I.N.K. (Single Income, No Kids) or a D.I.N.K. (Double Income, No Kids)! Although not yet burdened with the usual expenses associated with raising a family, SINKs & DINKs have their unique set of financial needs brought about by their equally unique lifestyle and priorities.

These products can help you meet your needs:

Their Financial Need		Philamlife's Solution

Future Savings Fund
To replace income in case of illness or disability, or for an early retirement/pension.		You need an education accumulation fund - one that can provide the required funds for tuition fees and other school-related costs.

Life Insurance Program
SINKs & DINKs are in the best position to plan for their life insurance needs. With more disposable income, they can plan a life insurance portfolio that will allow them to protect their income against the risk of death, disability or accident … all in preparation for their future family.		You need a life insurance plan that will provide for income continuation, but one that is payable for only a short term.

Home/Car Expense
Owning a car or a house is a sign of income stability, but one should also consider the need to protect these properties against the risk of theft, damage and/or fire.		You need property insurance to cover your car against liabilities arising from damage or theft. The house or condominium can likewise be covered against the risk of fire and theft.

Fire Insurance