Awareness on Variable Investment Plan of Teaching and Non-Teaching Personnel in one Private University

Variable Investment Plan is a higher-risk investment than other types of permanent life insurance, so buyers of variable life plan need to feel confident in their investment strategies and have strong self-awareness of their own tolerance for investment risk. Awareness is one of the essential ingredients of developing belief. It is a really important part of planning. Being aware will give plan holders the knowledge to know what they need to do and the direction they need to go to make changes to improve and be successful. Thus, this study is done to determine the awareness on variable investment plan of teaching and non-teaching personnel. This study also sought to present the profile of the respondents; to determine the level of awareness in variable investment plan; and to determine the significant relationship of level of awareness and the profile variables of respondents. The researchers made use of a self-made questionnaire that was distributed to 200 participants from teaching and non-teaching personnel. It was concluded that respondents are not fully aware of variable investment plan and there is a significant relationship on the level of awareness and profile variables. To raise the respondents’ awareness, the researchers may conduct a seminar regarding the variable investment plan. Insurance and investment companies may also perform extensive advertisement to encourage others to have variable investment plan.

Keywords: variable investment plan; awareness