Ang Lingkod ng Panginoon: A Spiritual Encounter of a Lifetime

ang lingkod ng panginoon makatiAng Lingkod ng Panginoon or The Servant of the Lord is a Catholic movement composed of single young professionals dedicated in “Christifying the workplace”. Did the first sentence scare you? But will you accept the invitation if you’re invited to attend an event they organized? Though I was skeptical at first to join but it turns out to be the best decision I made for this year, or my entire life even if it’s still too early to say that. [click to continue…]

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The 20-50-30 Rule: A Beginners Guide in Budgeting

50-30-20-rule

Being new in the workforce and managing salary is quite a daunting task. It can be very difficult to strike a balance between what you want and need. Adding all the sales in malls or from your favorite stores can really mess up your cash flow that’s why you need to do budgeting. I’ll be sharing a budgeting idea that I’ve been using for years and it’s called the 50-30-20 rule. This is just a simple and yet very easy to follow budgeting idea that you can do to improve the way you handle money. [click to continue…]

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Making Employees More Productive thru Financial Planning

TheWiseGuyPh, posing with the number 1 sign, done a financial planning session in a company in Makati. As a financial advisor, being invited to host an event like this is rather rare but very powerful initiative of a company to its employees. Only a few companies would take the time to arrange an event like this that’s why I guess they’re very attentive during the session. So if you are HR people who are actively looking for company benefits to give your employees? Or someone who holds a high position in a company then this post is for you. [click to continue…]

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Rich Dad Poor Dad: A Must Read to Develop a Millionaire Mindset

rich dad poor dad

After finishing college, all that I wanted is just to work and get a fat paycheck. I have this idea that all professionals are well paid not until I landed my first job. While signing the contract, I want to grab the HR by her collar and tell this line “excuse me pero engineer ako”. (Sorry for sounding so entitled because that’s what I thought.) But as days go by I come to realize and eventually rephrase that line into “Oo, engineer nga lang pala ako”. [click to continue…]

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5 Simple Steps to Achieve Financial Freedom

steps to achieve financial freedom in the philippinesFinancial literacy is not thought in schools nor homes. Most of the time it’s just self-thought. So if you know someone maybe a friend who is knowledgeable about it then this might be the perfect time to reconnect with him. Reality strikes, not everyone has that kind of friend. Luckily, the internet is already accessible for most of us to learn this easily. While you would like to achieve this it in a short span of time you might also want to take into consideration your current financial status, knowledge, and of course be realistic. [click to continue…]

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Why Put Your Advertisements Here on TheWiseGuyPh?

TheWiseGuyPh is a personal finance website I started in late 2017 in the hope of sharing the financial advice, tips, and even share my personal way of budgeting. Though I’m affiliated with Sun Life you may notice that around 40% of my post is not even related to it. This is because I love sharing my new knowledge with my readers and also to have something I can always go back in the future. [click to continue…]

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How to Compute Your SSS, Pag-ibig, PhilHealth, and BIR WT Contributions (2019)

compute sss contribution pagibig philhealth bir taxJust like you, I’ve also been an employee for quite some time and was the go-to person of my friends/colleagues when they’re trying to compute these deductions. So are you here to know how to compute your SSS contribution, Pag-ibig, PhilHealth, and BIR withholding tax? If yes, then you came to the right place because I’m going to show you how to get these amounts in a single post. This will definitely help you to be a financially savvy employee.
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Shore Residences Parking Slot For Rent (No Longer Available)

shore residences parking spacce for rentAre you looking for a parking slot at Shore Residences inside the ever-growing Mall of Asia Complex? Whether you only bought a condominium space but eventually needed a parking space for your car or you would want to buy one but it’s already sold out. We got you covered because a friend of mine based in Canada would like to have his parking space rented. Did I just hear yahoo? And because he is a friend and you’re also my friend he will give it at a reasonable price. That’s another yahoo, right? [click to continue…]

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Sun Life Climbs to a Higher Spot in Top 100 Brands in the Philippines 2018

top 100 brands in the philippines 2018Top 100 brands in the Philippines is part of the region-wide study which is known as Asia’s Top 1000 Brands. This is conducted by Campaign Asia Pacific to analyze the consumer and media trend in the market. Consumers can also use this survey to build more confidence in a certain brand like choosing a sportswear, restaurant, beverage, insurances, etc. [click to continue…]

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Welcome to TheWiseGuyPH

Hi there! My name is Federico Suan, Jr., a financial blogger whose mission is to help develop financially wise Filipinos by building a strong financial foundation. This blog is about personal finance but not limited to insurance, mutual fund, UITF, the stock market, budgeting techniques to simple tips and techniques on how to manage your resources effectively.

I am affiliated with Sun Life of Canada, the first, oldest, and number 1 life insurance company in the Philippines. Our company has a wide array of life insurance and investment products like the following:

READ: Sun Life Remains the Top Life Insurance Company in the  Philippines 2018

Variable Unit-Linked Plans

VUL or variable unit-linked plan is a 2-in-1 product combining income protection and investment in one plan. This gives you peace of mind while growing your money over time.

Regular Pay VUL Plan

Choose the perfect VUL plan based on your financial needs. A regular pay VUL is payable for a specific period on a regular basis like 5-years, 10-years, and even up to age 88 depending on what kind of plan you opt to get.

  • Sun Maxilink Prime is 10 years to pay VUL plan from Sun Life combining income protection and investment in a single plan. This is a good plan for income protection, health and accident protection, achieving life goals and as a retirement fund.
  • Sun Flexilink is an older VUL plan from Sun Life and it is an affordable alternative for Sun Maxilink Prime. This is also good as a retirement plan, health and accident protection, and achieving life goals. A cheaper but equally mightier plan.
  • Sun Maxilink Bright is 5 years to pay VUL plan best suited in building an educational fund for your kid’s future. This can also be used to achieve your life goals like building a house or starting a business while giving you peace of mind that your family is protected no matter what happens.

Single-Pay VUL Plan or SPVUL

Enjoy high earning potential thru SPVUL or Single pay VUL plan from Sun Life. Start for as low as Php 150,000

  • Sun Flexilink 1 is a SPVUL from Sun Life that gives you high earning potential compared to just saving your money in a bank. Do you have at least Php 150,000? Then consider growing your money with us that you will not get even in a time deposit account.
  • Sun Maxilink One is another SPVUL plan with no upfront charges that speeds up the accumulation of fund value. Inflation averages at 4% but your bank only gives you a portion which keeps your money from growing. Keep the purchasing power of your money with an investment that can fight inflation.

Sun Life’s Traditional Plans

While VUL plan can be a great choice for many because of the investment part, others still prefer to get a pure life insurance and invest their money on their own. VUL plan is directly linked to investment which makes it vulnerable to day-to-day market fluctuations and if you cannot handle that then consider the following options.

Term Life Insurance

A term life insurance is a pure life protection which makes it cheaper compared to any life insurance plan. This only provides life protection for a specific period of time with no cash value nor fund value after the specified term.

  • Sun Safer Life is a 5 years renewable life insurance that provides life protection equal to twice the face amount until age 75. This automatically renews after 5 years without any proof of insurability.
  • Sun Life Assure is a 5 years renewable term that pays the face amount when either the death of the insured or when diagnosed with a critical illness, whichever occurs first. This is renewable until age 59 without evidence of insurability.
  • Sun Maiden is a 5 years renewable term insurance specially designed for women which give financial assistance or percentage of the face amount is given when diagnosed or treated due to any of the female-specific critical illnesses.

Endowment Plans

Sun Life endowment plan is one of the answers by Sun Life to the different needs of its clients. Insurance plan is not a one size fits all product. If you don’t like VUL plan because if its inherent volatility then you may consider getting an endowment plan with guaranteed benefits.

  • Sun Acceler8 is a 20-year endowment insurance plan from Sun Life that provides increasing guaranteed life insurance benefit. It also has guaranteed cash benefit that you can use for your child’s education and school-related expenses.
  • Sun First Aid Plus is a 10-year non-participating hospital income Simplified Insurability Offer (SIO) product with a money back feature or return of premiums. The return of premium is equal to 50% of the original premiums paid at the end of the 10th policy year.
  • Sun StartUp is also a 10-pay, non-participating endowment insurance, with maturity benefit of 50% return of premium (ROP) given at the end of the 10th year. You can apply for this plan under the Simplified Offer (SIO) up to the first Php 1 Million coverage.
  • Sun Dream Achiever is a 5-pay, participating endowment insurance perfect for education planning for your kids of the benefits payable in 4 installments which start at your chosen year between 12-17 years from the date of issue.

Whole Life Insurance

A whole life plan is one of the best choices to get if you cannot handle the inherent volatility of VUL plans. You know how unpredictable the market can get and if this makes you uncomfortable then get a whole life plan which has guaranteed life insurance and cash benefits.

  • Sun Smarter Classic & Elite is a participating whole life plan that gives life insurance protection until age 100. What makes it even more special is that the protection it provides is equal to twice the face amount.
  • Sun Fit & Well 10/15/2o is a participating, limited-pay whole life critical illness product that provides a combined benefit of savings and comprehensive health protection until age 100.

Always remember to let your money work for you. Money can work 24/7 without getting tired. Enjoy life by making the bRIGHT choice today!

*****

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