Page 12 - Cocolife Times - ISSUE 2020-08 REV 3

5 Financial Tips for Millennials Adapting to the New Normal

These financial experts—Millennials themselves—weigh in.

Preparing for the future begins with being agile and managing risk, according to these millennial financial
experts at Cocolife. From left: Distribution Channels Training director Janus Dellava, consultant Atty. Robert
Beltejar, senior vice president-chief actuary Maria Katarina Bernardino, vice president for Corporate Strategy
and Finance Division Atty. Julio Bucoy, and vice president for Risk Management and Compliance Atty.
Alloysius Yebra.

Here are the facts: The way stock life insurance company, have to work harder than ever
we live has been changed for for tips and financial goalposts to learn what now applies,”
the long haul. A pandemic has that their generation, still in the explains Bernardino, who has
impacted nearly every facet of stages of accumulating wealth, nearly 15 years of experience in
society, from the political and will need in order to adapt to finance and risk management.
the economic to the cultural the new normal: “From a financial perspective,
and the social. Some of the we have to be cautious and see
effects we’re feeling the most Prioritize agility and if the old rules of fundamental
keenly, however, are in our development analysis still hold, or if new
personal finances. adages have emerged.”

With no real end for COVID-19 Many have framed the This is also an opportunity
in sight, how do we prepare for current crisis as a disruption to “reskill and upskill,” as
what’s ahead? We asked these at all levels, but to senior Bernardino puts it. Looking
millennial financial experts vice president-chief actuary ahead, it is important to
currently at the helm of Cocolife, Maria Katarina Bernardino, it identify competencies that may
the biggest Filipino-owned should be considered more become useful and lucrative.
as a transformation, as rules Now is a good time to invest in
12 continue to be rewritten. “We learning them.