A friend died last week. We are extremely sad about what happened to him. It was so sudden. It was so painful because we’ve been friends for almost 5 years. At this time, losing someone has been normal. But still, no words can be commensurate to the void he left in us. Just like us, he is also an insurance agent. When the news arrived, one thing popped into our minds. We have to immediately check his life insurance plans.
In 2019, the Current Health Expenditure (CHE) in the Philippines rose to Php792.6 billion based on the Philippine Statistics Authority (PSA). CHE is the total amount spent by the government, HMO providers, insurance companies, and out-of-pocket (OOP) shouldered by Filipinos for health care.
There are about 8.7% or more than 4 million Filipinos that are currently unemployed as of April 2021. While the underemployment rate rose to 17.2% which is equivalent to 7.45 million. The growing need for life insurance especially during this pandemic opens great opportunities to unemployed and underemployed Filipinos.
As a credit cardholder, knowing how to maximize its uses is an advantage. For example, you can get the best deal out of your credit card while building a good credit score. In the Philippines, BPI is one of the leading credit card issuers. If you have a credit card with them, it’s best to know the possible charges that may incur on your cards such as finance charges, cash advance, BPI SIP loan, and other bank charges.
I finally opened a BPI checking account last week. Compared to opening a regular savings account, this is more difficult to open, and I will share why later. The process is almost the same, but the feeling is different because you’ll feel richer (haha!) like how you usually see it on TV being used by the rich characters. But kidding aside, it has several advantages that make having it the right choice.
Everyone who works in the corporate world has experienced stress that comes from the work itself, coworkers, superiors, management, environment, etc. But if you’re not feeling any stress now then you may need to reflect because there’s a chance that you’re transferring it to your colleagues. Either way, stress when not addressed immediately can take a toll on your health. That’s why it’s important to know how you can manage stress at work. Here’s a blog to help you.
Two benefits can be claimed by the beneficiaries of a deceased member i.e., funeral and death benefits. The SSS funeral benefit is paid as a lump sum. On the other hand, the SSS death benefit can be paid as a pension or a lump sum depending on who is claiming and the number of contributions paid before the semester of death. This is a complete guide to help you in claiming the two benefits.
Probably you’re reading this because someone died in the family. I know it’s hard. It’s emotionally draining but at the same time, you’ve to manage several things. You must settle the hospital bills, process the death certificate, get funeral service, secure a permit for excavation if needed, prepare the lot for interment, consolidate the estate, and claim death benefits from the employer, SSS, and Pag-IBIG. With all the things on your plate, you need someone or something to guide you. Thus, I’ll be sharing with you my experience of claiming a Pag-IBIG death benefit.
There are three things you should look at when investing, i.e. stability, liquidity, and return. What’s good with Pag-IBIG MP2 is that it has all these three components. In 2020, for example, when the world was panicking about the COVID-19 pandemic Pag-IBIG declared a dividend rate of 6.12%. You must have a partner in this fast-paced environment that can help you analyze, strategize, and track your investment. Thus, the Pag-IBIG MP2 calculator was created to serve as your partner.
Last January 20, 2018, Chinkee Tan had released a new book called “My Ipon Diary” which is a follow-up to his successful book “Diary of a Pulubi“. If you’re not yet familiar with the author, he is known for his direct attacks on financial topics with a hint of humor. He makes each topic easy to follow especially for beginners in financial literacy. A good approach in starting your “ipon” journey.
DISCLAIMER: This website reflects only the views and opinions of the author, Federico Suan, Jr., and is not part of any official communication tools of any life insurance and investment company. The author has no responsibility against the comments posted by visitors. Necessary actions will be done accordingly as the website has no intention to malign its readers from factual information. Constant efforts is done by the author to bring precision in every post.