Life insurance proceeds such as death benefit are guaranteed lump sums of money paid to beneficiaries and are typically tax-free. However, there are some circumstances when they’re subject to tax, such as when the beneficiaries are declared as revocable. Life insurance is one of the foundations of a stable financial plan. It is important as it provides a […]
A new year is always a good time to start to make a difference in our lives. Most people feel hopeful and motivated to have the best year ever, I know you are too! This is also an excellent time for people to set resolutions to change an undesired trait or behavior, to accomplish a […]
Have you received your 13th month pay yet? If you are employed, you’re most likely entitled to receive your 13th month bonus on or before December 24th as this is mandated by Philippine government. Most Filipinos are so excited to receive this pay (I am too!) as well as the Christmas bonus, because indeed, these make our Christmas […]
Education is the key to a brighter future. Most parents want their child to go to college but due to the rising costs of tuition fees, it can be challenging to save enough fund by the time their child enrolls. That’s why parents resort to educational plans or life insurance for education to help them […]
Education is one of the greatest gifts parents can give their children. But the reality is, sending kids to college is not easy and cheap and the rising cost due to inflation makes it more challenging for most average income families to afford it. How can you secure your child’s bright future? If you’re like […]
Sun Senior Care is a whole life, limited-pay critical illness (CI) plan which specifically caters to the needs of Filipino Senior Citizens. It provides a comprehensive health protection and savings benefit as it accumulates cash values and earns dividends. This plan can thus help protect the hard-earned savings of a senior even if a serious […]
When people hear about estate planning, we would think about 2 things: death and wealth. That is true because basically, estate planning is the act of preparing for the transfer of a person’s wealth and assets after his or her death. We have to understand that death has financial consequences and they are the following: Household Expenses Medical expenses […]
What is a Mutual Fund? A mutual fund is a type of investment fund that pools money from many different investors or corporations to purchase securities. It is professionally-managed by experts called Fund Managers and investing in one can allow you to have diversified diversified portfolios of stocks, bonds or money markets. It is the […]
Did you know the first week of October is declared officially as “Life Insurance Consciousness Week” in the Philippines? In 1997, then president, Fidel V. Ramos signed Proclamation No. 1059 to declare every 1st week of OCTOBER every year, as a “Life Insurance Awareness Week”. *Snip from official gazette of the Philippines. Are you insured yet? […]
Where to invest? Mutual Funds (MF) or Unit Investment Trust Funds (UITFs)? Many new investors actually gets confused about these investment vehicles because they have some similarities. In this post, we will break those similarities down and also their distinct features. Similarities of Mutual Funds and Unit Investment Trust Funds Mutual Funds and Unit Investment Trust […]
