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We have heard the news headlines recently. America and China trade war. America is accusing China that it is selling more products to the US than it is buying products from them.

Why is the US concerned about this? You see the new war is not anymore the military war but the economic war. The country that can get the most resources and money from another country such as selling products to that country will be the winner.

In the past, the country with the most military might is the stronger country but this is not anymore the case in today's world where globalization has allowed other nations to comment on what other nations are doing. It would hurt your country's image to be seen as a bully flexing your military powers without any valid reason.

On the other hand, you can actually do a silent attack on a country by taking their financial resources through a trade deficit. A trade deficit occurs when the country is giving more money or resources to another country than it is receiving money or resources from that country.

In the case of China and US, if China becomes stronger than the US economically, it can now be able to leverage it's position as a key economic player in the global stage. And if you have more money as a country, there are many things you can do with it.

The power and influence of an economic super power should not be taken for granted. In the past the US has always been the economic super power. And economic superiority usually translates to political influence as well as military power.

In the past the US has been able to amass great economic power by being able to nurture and create companies that become global brands. This in turn allows the US to rake up resources and money from the countries who are buying their brands.

With the growing influence and economy of China, the US will be tempered. In the past the US has always been the largest voice and power in the global setting. But having a country that can also match the economic and military power of the US may also be a good thing to balance things out.

I just hope someday that the Philippines will be able to create companies that can be global brands. And I also hope that someday the Filipinos will learn to prioritize and support local companies. This will allow us to lessen the trade deficit that is happening. Our country is giving out resources to other countries than it is receiving resources from other countries. And this is not good in the long run.

I image a day where the Philippines will be like South Korea. I image a day where Filipinos like the South Koreans will love and support their local brands. And maybe, just maybe the Philippines will also be a progressive nation just like South Korea.
by Proudly Pinoy
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Viral at usap usapan ngayon sa social media ang mga kanya kanya ipon challenge. Ikaw ano ang ipon challenge amount mo for 2019? At kaya mo bang ipaglaban hang kataposan ng 2019 ang goal mo na makapag ipon this year?

Click video below to watch:
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Let's face it. Having a part-time job in this era is simply a must for those who want to earn extra. Gone are the days that you can be able to earn a decent living with just one job. Here are the top 5 best part time jobs you can do:

1. Writing articles for websites of companies

Most companies maintain a company website. But the problem is that most companies cannot really keep on writing good content regularly because for these companies, writing is not really their main specialization. If you have the skills to write a good article typically more or less 500 words per article, then this job may be for you.

Average Pay: P500 to P1,500 per article (or probably more)
Skills Needed: Writing skills, grammar, spelling, ability to find topics that are engaging, ability to make benta to the company that you are a good writer
How to Become: Search for a company that has a blog or has a regular article written in Facebook. Send an email to the company asking if they are looking for articles. Ask them how much they are willing to pay per article. 

2. Working as a mobile application driver (ex. Grab)

If you drive a TNVS car such as Grab, you may want to ask them how much they are earning. Chances are you will be amazed at how much they earn per month. Though the income is higher for full timers because of the incentives provided, driving your own car for money during weekends for an extra income may not be a bad idea at all.

Average Pay: P700 to P2,000 per day (depends on passengers delivered, gas prices, incentives)
Skills Needed: Ability to drive even under pressure, ability to focus despite the desire to drink Cobra Energy drink
How to Become: Go and search for the top mobile application that pays a good amount for drivers. The best way is to not just search the internet but to interview actual drivers.

3. Helping your friend find clients for his sales job and asking for a referral fee

People who are working in a sales organization are pressured by quotas left and right. If you have a friend who is working as a seller of goods or service and you know people who can benefit from their service, you may want to create a mutually beneficial business partnership with your friend. This is a win win situation as your friend will be able too boost his sales while you also earn a decent referral fee. Just make sure that your agreement is properly document to avoid losing a friend or vice versa.

Generally sales people will not want to give a referral fee unless it an agreement to give many clients with a set amount of agreed duties and responsibilities to be done by the referrer such as being there during the presentation meeting. Remember this is may be the bread and butter of your friend.

Average Pay: I don't really have an idea how much you will receive but you can talk to your friend about the referral fee he is willing to give (but you can earn a lot if you close a big sale)
Skills Needed: Ability to make chikka and kwento the product your friend is selling, Ability not to be offended by bashers, Ability to make friends and expand your network
How to Become: Be willing to reach out your friend who you know is selling a product that you are a believer in. Referring a product to a friend that you also believe in will be much easier.

4. Making posters, graphics designs or editing videos

In this digital age, it is not usual that small to medium companies usually resort to freelancers to make their posters, graphics or to edit their videos. If you have skills in these areas, you may be able to earn good money for yourself.

Average Pay: Usually the pay depends on how many hours you need to spend for the work as well as the level of skill required. Typically around P1000 to P10,000 or more per project.
Skills Needed: Ability to make imagine what is the best possible way to captivate the audience, ability to work under pressure especially when you are being pressured for the deadline
How to Become: Find friends who own a small business. Ask them if they have a blog, website or social media page that needs images or videos. Encourage them to create better looking pictures and videos. Make benta that you are the right person for the job.

5. Sell life insurance, health insurance and investments

Selling is probably one of the best jobs that you can do part-time since it does not require you to go to the office regularly. The best product to sell are usually products that are intangible. Products that are physical such as land may require you to have a car so that you can do a tripping with your client to the land you are selling. Small products that are physical may or may not be heavy but the challenge is the need for the buyer to do an ocular inspection of the product. And sometimes you need to verify if the product is still available or if it is out of stock.

Thus, we suggest selling intangible products such as investments and insurance. Further there is a good career progression for these kinds of people. People who start as insurance or investment agents who perfect their craft and study the career can eventually move on to become professional financial advisors.

These financial advisors if well known and intelligent, may be able to charge a financial consultancy fee to their clients usually on a per hour basis or on a per report basis.

In the mean time you can start by offering investment and insurance to your friends and family part-time and give a free financial advise until such time you will be sought after.

If you wish to know more about the career of becoming a financial advisor, visit this link www.financephcareers.com


Suggested Reads:
Duties and Responsibilities of Financial Advisors
Benefits of Becoming a Financial Advisor
Qualifications To Become A Financial Advisor
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Christmas is in the air and many people have received or will be receiving their Christmas Bonuses. So what is the best way to use your Christmas Bonus? Here is what the president of FinancePH has to say in the video below:
Best Way To Use Christmas Bonus

Christmas Bonus is in the air. But what is the best way to use this bonus? Here are some tips from the president of FinancePH.

Posted by FinancePH Financial Advisors on Sunday, December 2, 2018
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Certified True and Correct from Source: https://www.insurance.gov.ph/wp-content/uploads/2018/03/Networth-of-Life-Insurance-Companies_Year-2017.pdf

Above is the list of the top best life insurance companies in the Philippines for 2018. The Insurance commission releases the top life insurance companies ranking data every year so we show data for the previous completed year which is 2017.

The best and largest top companies in the country have high net worth. A higher net worth means that the company can be able to survive financial crises because it has sufficient assets to operate should the company have years of continued losses.

The ranking above shows that the top 3 life insurance companies for 2017 are Phil-Am Life, Insular Life and Sun Life. Since the 2017 just ended the results is for the Latest Top Life Insurance Companies in the Philippines for 2018 is based on company results ending 2017.

Despite being 100% Filipino owned, Insular Life's ranks among the top life insurance companies. If you would like to get life insurance consider Filipino companies because supporting a local company would translate to greater benefits for our country. Just look at what happened to South Korea when its citizens patronized local brands such as Samsung and Hyundai. If we reduce our dependence to foreign brands we can have a stronger and better economy which will be beneficial for us Filipinos.

Insular Life also one of the few companies who are very transparent in their operations. In fact, you can download the annual reports and financial statements of the company from their website by clicking here. You can also download the list of companies where they invest the client's VUL money here.

If you would like us to connect you to a financial advisor of Insular Life feel free to fill out this form. Our friends from our sister company AETOS Insurance Agency are more than willing to help you.

​If you would like to know more about Insular Life then visit this link -> Read more: The Complete Guide On The Company Performance of Insular Life

ABOUT THE AUTHOR:

Mark Joseph T. Fernandez, CPA, RFC, AFA, AWP, AEP, MDRT is the founder and head financial advisor of FinancePH. He has helped thousands of people start saving, investing and insuring. He conducts regular monthly seminars and is a regular TV and radio guest on finance topics. Reach him at mark.fernandez@financeph.com.
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Insular Life Cebu
Insular Life Head Office
Insular Life Makati
Insular Head Office Lobby
Insular Life Ayala Avenue Meeting Rooms
Insular Life Reception Area
Insular Life Head Office
Insular Life Theater Alabang
Insular Life Theater
This is a complete guide on the financial health, performance and ranking of Insular Life. Insular Life's financial health is relatively good based on the financial statements that it published. Every year, the company publishes the financial reports in it's website so that the clients and the policy holders can be able to view the financial health of the company. Knowing the financial health of the company can help you asses if the company can be able to pay it's obligations and investments in the future. View their latest annual reports here.

We spoke with some of the financial advisors from Insular Life and asked them what makes Insular Life a great company. Here are the top 10 answers that we got:
Policyholders of Insular Life are invited every year to the Annual Member's Meeting
1. The company is not mainly for profit but to help it's clients because it is the only non-stock insurance company in the Philippines.

It can be noted that Insular Life is a mutual company and not a stock company, therefore it does not have any stockholders. The owners of Insular Life are the policyholders and clients. If the company earns a profit it will declare dividends back to the traditional policy clients of Insular Life. Therefore owning a traditional policy means that you are also owning a piece of the company. Also you get to be invited to the annual member's meeting done every April/May at the head office because as a policyholder, you are the owners of Insular Life.
2. The products of Insular Life are usually cheaper because of it is a mutual benefit non-stock company.

Because Insular Life is the only mutual benefit non-stock company in the Philippines, the products charges, insurance charges and investment fund management fees are much cheaper than some other companies because it does not need to price its products much more expensive because it does not need to give profits or dividends to the stockholders. Further, it has special tax incentives and benefits because it is a non-stock company. The taxes paid by Insular Life are much cheaper than stock owned Insurance companies.

3. The fund management fees of Insular Life are one of the cheapest in the Philippine Insurance Industry.

Industry wide the fund management fees of equity funds are 2% and above. But in Insular Life, they have an equity fund that has a fund management fee of 1.75% only. Other companies charge 2%, 2.25%, 2% or even more for the equity fund management fees. Again, this is because of the prudence and financial stewardship of Insular Life. Insular Life is also one of the companies that are very transparent on how the fund performs, where the money is invested and what were the expenses incurred in the fund. Check the annual investment report here.
4. Insular Life allows you to invest not just the local stock market but also in the international stock market through it's partnership with Fidelity which is one of the largest and most trusted fund managers in the United States.

Most life insurance companies only allow you to invest in local companies but not in top performing international companies. With it's partnership with Fidelity, the clients of Insular Life can invest easily in the international stock market without the need to convert their money from peso to dollars. Insular Life makes things easier for it's clients.
5. It is the only insurance company in the Philippines that caters to all types of insurance clients whether life insurance, non-life or health card (HMO)

Did you know that Insular Life is the only life insurance company that has a life insurance (Insular Life), non-life insurance (Mapfre-Insular) and HMO (Insular Healthcare) all in one? Did you know that Insular Life is also part-owner of Union Bank? This means clients of Insular Life need not find other companies for their health card, banking, car insurance, home insurance, surety bonds and other non-life needs.
6. Insular Life won twice in a row for 2017 and 2018 the Reader's Digest Trusted Brand Gold Award thanks to the great executives and board members who are running the company

Insular Life has been bagging consistent awards locally and internationally. It has been awarded the Reader's Digest Trusted Brand Gold Award consistently as well as the Domestic Life Insurer of the Year award for 2017 and 2018. The Executive Chairman of Insular Life is no less than Ms. Nina Aguas who was an executive of Citibank and ANZ before becoming part of Insular Life. What's notable about this lady is that she became Citibank N.A.'s Country Business Manager for Global Consumer Banking in the Philippines and became it's first Filipino female CEO. Citibank for 98 years, has been directed by male expatriates. Recently Ms. Aguas also joined the roster of World Bank Group’s Advisory Council on Gender and Development.  Insular Life is blessed to have Ms. Nina Aguas as the Executive Chairman.

The President of Insular Life, Ms. Mona Lisa de la Cruz is one of the best actuaries in the Philippines. Prior to become president she headed the Actuarial Divison of Insular Life. Actuaries are the people in charge of making sure that the insurance company creates great insurance products. She earned her undergraduate degree in Statistics, cum laude at the University of the Philippines and completed her Masters of Science in Mathematics, major in Actuarial Science from the University of Michigan. She is a Fellow of the Actuarial Society of the Philippines and an Associate of the US Society of Actuaries.
7. The company is the largest Filipino insurance company and the second largest insurance company in the Philippines

Insular Life despite being 100% Filipino owned is able to maintain it's ranks as the second largest life insurance company in the Philippines. Data from the insurance commissions backs this. For more information on the ranking of the top life insurance companies visit here.

8. Insular Life has a fully automated application system that gives an automated decision whether you are approved or not with your application within seconds.

Most life insurance companies are not fully automated. Meaning, they still use pen and paper in the application process. Although Insular Life still has a pen and paper process for those who prefer it, the company pioneered the first fully automated underwriting system in the Philippines. Meaning when you apply with your financial advisor for an investment or insurance, you simply input in the tablet your information and within a few seconds the system will inform the client if he is approved, rated or declined. Other companies usually give the decision the next day.  Why wait the next day when you can have it in seconds?

9. Insular Life has become virtually cashless by partnering with VISA and Mastercard with it's automated application system.

When you apply for an insurance or investment with Insular Life you do not need to go to the bank and withdraw money. Just like buying a plane ticket you can pay for your initial premiums online. This makes things hassle free, easy and fast.
10. Supporting Insular Life supports hundreds of scholars in the Philippines through the Insular Life foundation.

Supporting Insular Life means that you are supporting also the scholars and students of the Insular Life Foundation. The Insular Foundation, Inc., formerly the Insular Life Educational Foundation (ILEF), was established in 1963 as one of the first corporate foundations in the country. Since then, it has served thousands of school children attain higher education and achieve a better life through scholarship grants for college and technician courses. It also helped hundreds of teachers improve their knowledge and skills through in-service teacher training, and hundreds of principals develop better interpersonal and managerial skills to run their schools.
Lastly, the company is proudly Filipino owned and patronizing Insular Life increases our country's GNP (Gross National Product) and helps improve our country's economic performance

Did you know that the a country's economy performs well if we support local companies than foreign companies? In the Philippines there are more imports than exports. This means that we are buying more foreign products and services than we are selling abroad. This creates an economic problem called a trade deficit. OFWs and BPO agents having been called as the new Philippine heroes because they bring in dollars and foreign exchange to the country. Supporting local brands will reduce our dependence on imports.

Countries with strong local brands are the one's who have a strong economy. Take for example South Korea with it's Samsung, LG, Hyundai, K-pop and more. South Korea was not as progressive as the Philippines decades ago, but now it is much more progressive.

It can be noted that strong countries have companies that are very known world wide. The US is a strong economy because there are several companies that are being patronized by the people in the US or even outside the US. However, recently China has been selling more products to the US than the US selling products to China. This is now a growing economic concern of the US.

Always remember, supporting local companies will increase a country's Gross National Product (GNP). Having a growing GNP is a very good indicator of a country's economic health.

By supporting Insular Life you are also supporting the Philippine economy. As a Filipino it really makes sense to support Insular Life. The products are great, the prices are affordable, the fees are reasonable and the company is strong and stable as shown in the rankings and it's financial statements.

If you would like us to connect you to a financial advisor of Insular Life feel free to fill out this form.

​If you would like to know the ranking of other life insurance companies click here.
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Knowing or having someone pass away is really one of the lowest times a person can have. The grief and the preparations needed for the final resting place plus entertaining guests can be physically and emotionally draining.

The physical and emotional burden may not be eased, but knowing that a person has life insurance can ease at least the financial burden. Each life insurance company has different requirements for claiming the death benefit proceeds. The requirements here are for Insular Life death benefits.

However, since most life insurance companies operate in the same way in the Philippines, the death claim process and requirements may be the same. The requirements here may change without prior notice.

It is important for the designated beneficiary to immediately notify the Company of the death of the insured through the submission of a Death Notice form, to any of its offices nationwide via over-the-counter, postal mail, e-mail, or fax.

Note:Documents marked with (*) can either be a certified true copy issued by the Local Civil Registrar, with signature and seal, or printed in security paper issued by the National Statistics Office (NSO). All documents issued or executed abroad should be translated in English and authenticated by the Philippine Consular Office located within the area where the documents originated or executed.

1.Death Certificate* of insured or any deceased beneficiary
         1.1.The following are the Standard Claim Requirements to be submitted:
        1.2.Birth Certificate* of insured or owner;
        1.3.Claimant’s Statement Form (to be provided by Insular Life) – This has to be accomplished by each beneficiary who is eighteen years old or above, or by the Legal/Judicial guardian of minor beneficiaries (Please refer to the additional claim requirements below for minor beneficiaries);
        1.4.One (1) valid government issued ID with picture and signature of each Beneficiary and Legal/Judicial guardian of minor beneficiary, if any; and
        1.5.Policy contract/s


2.The following are the Additional Claim Requirements (as applicable):
        2.1.For contestable claim - (death occurred within two (2) years from date of policy issue or last reinstatement): Notarized Attending Physician’s Statement Form (to be provided by Insular Life) – This has to be accomplished by every physician who has attended to the insured during or before last illness or has certified the death of the said insured.
a.For all plans claim due to natural cause – Attending Physician’s Statement
b.For claim due to accidental cause – I-Shield Physician’s Statement Form III
c.For GIO-issued policies, APS is no longer required
        2.2.If the beneficiary is the spouse:
a.Marriage Contract* of insured and spouse-beneficiary
        2.3.If the beneficiary is a married daughter-beneficiary – who was still single during designation as beneficiary and is now using her married name, submit one (1) government-issued ID with picture and signature bearing her married name together with any of the following:
a.Marriage Contract*;
b.Birth Certificate*, and
c.One (1) government-issued ID with picture and signature bearing maiden name
        ​2.4.For beneficiaries other than spouse, children, parents or siblings ,combination of any two of the following to establish relationship with insured:
a.Birth Certificate*;
b.Baptismal Certificate; and
c.Notarized Affidavit of Two Disinterested Persons stating relationship of beneficiary and insured, together with one (1) valid government issued ID with picture and signature of each affiant

3.The following are the Checklists of Claim Requirement for Special Conditions:
        3.1.For  violent/accidental death (e.g., accident, murder, homicide or suicide):\
        *Any of the following where available:
        a.Certified True Copy of the Police/Barangay/NBI (and other agencies) Investigation Report;
        b.Certified True Copy of the Autopsy Report;
        c.Certified True Copy/ies of Sworn Statement of witnesses;
        d.Certified True Copy of the Criminal Complaint or Information filed in court;
        e.Certified True Copy of Hospital Records (Admitting History and Discharge Summary or its equivalent), if death happened in the hospital;
        f.Newspaper Clippings;
        ​g.Driver’s license of insured if accident occurred while insured was driving a vehicle

The requirements above may change without prior notice. Other companies such as Sunlife, Phil-am Life, Manulife, PRU Life, AXA Life and FWD Life mostly likely have the same death claim procedures or requirements, but the forms may be different.

If you need help or assistance in claiming for the death claim. Feel free to call the FinancePH Hotline (0905-FINANCE) or 0905-3462623 and we are more than willing to help you claim the death benefits of your beloved ones.
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Certified True and Correct from Source: https://www.insurance.gov.ph/wp-content/uploads/2018/03/Networth-of-Life-Insurance-Companies_Year-2017.pdf

Above is the list of the top best life insurance companies in the Philippines for 2018. The Insurance commission releases the top life insurance companies ranking data every year so we show data for the previous completed year which is 2017.

The best and largest top companies in the country have high net worth. A higher net worth means that the company can be able to survive financial crises because it has sufficient assets to operate should the company have years of continued losses.

The ranking above shows that the top 3 life insurance companies for 2017 are Phil-Am Life, Insular Life and Sun Life. Since the 2017 just ended the results is for the Latest Top Life Insurance Companies in the Philippines for 2018 is based on company results ending 2017.

Despite being 100% Filipino owned, Insular Life's ranks among the top life insurance companies. If you would like to get life insurance consider Filipino companies because supporting a local company would translate to greater benefits for our country. Just look at what happened to South Korea when its citizens patronized local brands such as Samsung and Hyundai. If we reduce our dependence to foreign brands we can have a stronger and better economy which will be beneficial for us Filipinos.

Insular Life also one of the few companies who are very transparent in their operations. In fact, you can download the annual reports and financial statements of the company from their website by clicking here. You can also download the list of companies where they invest the client's VUL money here.

If you want to invest in Insular Life products and services, we the financial advisors of FinancePH are more than willing to assist you in finding the right Life Insurance, Health Insurance, Retirement Plan, Education Plan for you. Request for a free Insular Life proposal online by clicking here. We will then assign you the best financial advisor based on your needs and location.

Read more: The Complete Guide On The Financial Status and Performance of Insular Life

ABOUT THE AUTHOR:

Mark Joseph T. Fernandez, CPA, RFC, AFA, AWP, AEP, MDRT is the founder and head financial advisor of FinancePH. He has helped thousands of people start saving, investing and insuring. He conducts regular monthly seminars and is a regular TV and radio guest on finance topics. Reach him at mark.fernandez@financeph.com.
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Recently the PSE index is at a very low level reaching below 7,000. We hear friends saying that it is the right time to buy since the index is very low. But what should we really do now?

I for one is not a technical analyst and I prefer to look at things at a fundamentalist perspective. But it wouldn't hurt to look at the stock market chart to start our discussion:​
If you look at the stock market using a one year chart, you will find out that the index is at its lowest for a one year period.

The main culprit behind this is the rising interest rates. US Interest Rates (Fed Fund Rate) has been at 0.25% since the global financial crisis in 2008. But in 2016, they started increasing it almost every quarter which resulted to US interest rates becoming 2% by June 2018. We are also expecting that interest rates to go up by 0.25% every quarter in the coming months. Thus, it is highly possible that by 2019 the US interest rates will be at 3%.
Another factor that is creating a weak stock market position is our rising Philippine inflation rate. Prices of products and services have been increasing quite fast for the past few months. Here is our recent Philippine inflation rate data:
Looking at the inflation rate data above, we can see that the inflation rate has been increasing for the past few months maxing out at 4.6% in June of 2018. Increasing inflation coupled with pressures from increasing interest rates in the US, creates more pressure for Philippine interest rates to also go up. Rising interest rates creates a lower stock market environment. This is because the cost of borrowing will be more expensive meaning companies will need to pay for for interest expenses, it also creates incentives for investors to transfer their funds from the stock market to a more guaranteed and steady investment such as new bond issues or time deposits now that interest rates are going up.
The good side
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