It’s that time of the month again. Bills start piling up on the table—electricity, water, groceries—each one demanding immediate attention. On top of that are your parents’ medical needs, which you support and carry out of love and as a way to give back.
At the same time, your children’s lives are unfolding. School fees, extracurricular activities, and small moments that shape their future all come with a price tag. Then, just as you’re trying to balance everything, a message comes in. Your younger sister is asking if she can borrow money for an emergency.
Most Filipino providers face this reality of being part of the sandwich generation. Often called as breadwinners, they usually stand in the middle, supporting the generation before them while building the foundation for the generation after them.
The bigger picture of a being a breadwinner
For many breadwinners, financial responsibility extends beyond themselves. Singles or unmarried individuals often support their families. Meanwhile, those in the sandwich generation face the added challenge of balancing the needs of their aging parents while providing for their children's future.
Every paycheck a breadwinner earns is stretched across different needs: from household expenses and education costs to healthcare and everyday essentials. While it can be challenging, this commitment reflects your deep love and dedication to the people who matter most in your life.
When most of your income goes toward meeting your family's daily needs, it's easy to put your own financial security on the back burner. Many breadwinners prioritize bills, groceries, tuition, and emergency expenses before thinking about savings or protection. As a result, building a financial safety net often feels like something that can wait until there is more money available.
However, looking at the bigger picture reveals why protection is just as important as providing for today's needs. Your income supports several lives, and any unexpected interruption—whether due to illness, accident, or other life events—can have a significant impact on everyone who depends on you. Having financial protection helps safeguard your family's future, giving them stability and support even when life takes an unexpected turn.
Why many breadwinners delay getting protection
Many breadwinners delay getting financial protection because they are focused on immediate responsibilities. With so many expenses demanding attention, protection plans can feel like an additional cost rather than a necessity. The pressure to make ends meet often leads people to prioritize present needs over preparing for future uncertainties.
Another reason is the belief that protection can be postponed until finances become more comfortable. Some breadwinners assume they are still young, healthy, or not yet in need of coverage, making it easy to put off the decision. Unfortunately, life is unpredictable, and waiting too long can leave families vulnerable when unexpected situations arise.
The good news is that getting protection doesn't always require a large budget. Today, there are protection plans available for a daily budget below ₱100, making it more accessible for breadwinners to start securing their family's future. By taking a small step today, you can build a financial safety net that helps protect the people who depend on you.
Take for example AXA’s AllShield plan: A 30-year-old female can get a plan for as low as ₱59 a day or ₱21,000 a year. This all-around insurance plan provides multiple coverages such as critical illness benefit and a life insurance benefit that gives financial protection to multiple beneficiaries. This means that the people who depend on you, whether it's your spouse, children, parents, or other loved ones, can have financial support, even if you're no longer able to provide for them yourself.
AllShield has your back as you look after your loved ones
For breadwinners who juggle the responsibility of caring for both aging parents and growing children, AllShield has your back. For as low as ₱59 a day, it provides all-around protection through the following benefits:
- Life Insurance Coverage – Receive a lump-sum benefit of ₱1.1 million to help sustain your family’s lifestyle should something happen to you. Your loved ones may also receive an additional death benefit depending on the account value accumulated over the duration of your policy.
- Multiple Beneficiaries – With the death benefit your beneficiaries will receive, you can assign it to up to 10 loved ones, ensuring that both your parents and your children receive financial support. Plus, you also get to decide how your benefit is split among beneficiaries.
- Critical Illness Benefit – If you are diagnosed with a covered critical illness, you will receive a lump sum of ₱240,000 to help ease the financial burden during recovery, allowing you to continue supporting your entire family.
Note: Benefit amounts shown are based on a 30-year-old female with a regular premium payment of ₱21,000 per year.
Because when many people depend on you, financial security should be able to reach them too. With the right coverage, know you can continue providing for your family while keeping yourself protected. To learn more about our all-around insurance plan, AllShield, talk to an AXA Financial Partner today.
Sources:
Inevitable Necessity of Self-Care: A Phenomenological Exploration of Filipino Sandwich Generation
