Ways to support your child’s dreams

March 30, 2023

Supporting your child's dreams is important because it builds their confidence in their own abilities.

No two children are exactly alike. While some might share common interests or hobbies, their personalities and set of skills and talents are unique to them. One child may be talented in athletics, while others may be more inclined toward the arts. Parents have the power to create an environment that will allow their children to discover their talents and interests.

Ways to support your child’s dreams

Ways to support your child’s dreams


    Parents can encourage them, help them grow, and direct their steps so they can reach their full potential by:

    Paying attention and providing hands-on experiences


    Studies show that learning is enhanced when children are given the opportunity to select what they want to pursue. One way to spark a love for learning is to help your child discover and explore activities that interest them.

    Expose your child to different experiences and use that moment to discover what he or she loves. Take them out to see a play, to a mom-and-me baking session, or even to visit an aquarium or zoo. You’ll be surprised to discover new things about your child just through these simple activities.

    Providing resources to hone your child's talents


    Once you have discovered your child's inclinations, providing the necessary resources will help them grow to their utmost potential.

    If your child is talented in photography, you can nurture his or her gift by letting them experiment with a toy camera or by trying out phone photography. Enrolling in a summer course may also help as your child will receive further guidance from a professional while making good use of their free time.

    Reinforcing talent through praise and encouragement


    Acknowledging your children’s talents gives them a sense of self-efficacy and encourages growth.[i] By using praise, you are motivating your child to think positively about what he or she has accomplished. You are helping your child learn when they do well, and when to be proud of it.

    Knowing when to push and when to hold back


    One of the most challenging things for parents is witnessing a child on the verge of giving up on something they love doing. Honing your child’s skills takes a lot of time and effort, and sometimes it could also give an unnecessary burden on your child to be good at it right away.

    Know when it’s time to encourage more and when it’s time to let go. If you feel your child is undergoing great amounts of stress and frustration, it could be time for you to assess and take control of the situation. After all, no pursuit of talent and skill should ever come before your child’s emotional and mental well-being.

    Preparing for and securing your child’s future


    Every parent has an important responsibility to provide for their children's future and to encourage them to pursue as many of their interests and skills. Apart from the guidance they get at home, education plays a crucial role in honing your child. 

    But sometimes, financial stability becomes a challenge in providing for your child’s educational needs. This is where planning ahead is important, not just to secure funds for tuition fees, but more importantly, to ensure that your child’s future is protected should anything happen to you.

    One of the ways to prepare for your child’s education is to invest in a comprehensive insurance plan like MyLifeChoice for Education, a flexible insurance and investment plan from leading insurance company, AXA Philippines.

    With this plan, you can build your child’s education fund while having peace of mind with the plan’s life insurance coverage that lets you customize up to 25x your basic premium. It also comes with the Bright Rider Plus feature that provides yearly lumpsum payouts should you pass on, which can be used to co-fund your child’s tuition and other educational expenses.

    It also comes with built-in accident coverage and a waiver of premium benefits, which means that you will receive cash benefits when you encounter injuries caused by an accident. In the event of permanent disablement, future premium payments will be waived so you can just focus on your recovery.

    MyLifeChoice for Education also allows you to choose from a variety of professionally managed local and global funds that let you create a personalized portfolio that matches your investment profile. On the first day of your plan, you will also be rewarded with an additional investment amount via the Start-up Bonus, which is equal to 70% of your first-year basic premium. 

    Potential gains will be added to your savings at the end of policy years 10, 15, and 25 when you invest in the long term with no withdrawals, missed payments, or payment breaks.

    “As with all caring adults, education is a crucial stage to develop a child's interests and build them up for their future careers. While this may take time and substantial resources, this is where your trusted insurance partner, AXA Philippines, comes in. Through our MyLifeChoice for Education product, you are empowered to pursue your goals and those of your children with peace of mind,” said Nandy Villar, AXA Philippines Chief Customer Officer.

    For more information or to get a personalized quote, visit axa.com.ph/mylifechoice/education.

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