Sun Life grabs top spot in life insurance market

By: Doris C. Dumlao
Philippine Daily Inquirer

1:19 am | Monday, March 26th, 2012

MANILA, Philippines—The Philippine unit of global insurance giant Sun Life of Canada has bucked the global downturn to grab the top slot in the local insurance industry based on its premium collection in 2011.

Based on its unaudited financial statement, Sun Life of Canada (Philippines) Inc. capped 2011 with gross premiums of P14 billion, or 31 percent higher than the previous year’s level, while net premiums surged by 31 percent to P13.9 billion.

These numbers made Sun Life the No. 1 in the country’s life insurance market, the company reported.

The life insurance business in the country has been dominated for many years by The Philippine American Life and General Insurance Co. (Philam).
 

Money Talk | When Life Insurance Isn't Worth It

When Life Insurance Isn't Worth It

By Greg McFarlane | Investopedia

The principle behind life insurance is simple, in theory. It's also morbid, at least compared to other financial services. You pay small amounts at monthly intervals, and should you die, a beneficiary of your choice gets a sum of money approximating what you would have earned had you stayed alive.

That's the stark truth right there, which a lot of life insurance customers fail to comprehend: the service is supposed to be nothing more than a replacement plan. The idea is that should your family suffer a crisis that transcends finances, at least their finances won't be impacted too negatively. If you die, your spouse and kids won't have to take on multiple jobs, beg for alms nor lose the house and car.

Money Talk | Philippines cited as best country for long-term growth

Philippines is cited in CNBC.com as one of the 10 best countries for long term growth!

If this report proves to be true, Filipinos are up for great things to come their way. Although, true or not, this definitely means something more in a positive light for the country. It is known that in the business of investing and money markets, even the slightest news can mean a big difference. Ever watched the 2010 hit film "Wall Street: Money Never Sleeps"?

With an estimate of 7% average growth, Philippines is expected to take off sooner than we think. GDP is just one economic indicator, it will be up to how the government's policies and execution take advantage of the upcoming opportunity that will thread the way to a country's real development

In SunLife Financial, we always say that the best time to invest is Today! (If not yesterday). The fear of investing can only be overcome by investing. One doesn't have to have hundreds of thousands of pesos to gamble with, all it takes is the understanding and the right attitude towards building up your wealth. With all good things coming to our country and the proven stability amidst asian/european crises, the average pinoy should find the services of an investment company worth a shot. You wouldn't want to be left out when everything goes up would you?

For clarifications on what services SunLife Financial can offer send an email to : bryan.d.garcia@sunlife.com.ph

Money Talk | Financial Planning Seminar @ RBC

"If you think Education is expensive, try ignorance"
In our advocacy to eliminate Financial Ignorance, I would like to invite everyone to join the seminar that we will be conducting at Rockwell Business Center, Ortigas Ave, Pasig City.

At the end of this seminar, the participant should be able to know:

• How to achieve financial independence
• How to accumulate wealth faster
• How to protect your wealth from uncertainties
• How to choose the right investment

Sunlife: Insurers stable; pre-need faces new challenge

For those moms,dads and future savvy individuals owning or considering to own a life insurance plan, no need to fret over the recent trouble with Prudential Life and the large majority of pre-need companies in the Philippines

Sunlife Financial Phils. President Riza Mantaring told Business Nightly's Coco Alcuaz falling interest rates are a challenge for insurers and pre-need companies but insurers are healthy due to stricter practices and regulations.

Watch the very informative interview:
http://www.abs-cbnnews.com/video/business/02/14/12/sunlife-insurers-stable-pre-need-faces-new-challenge#ooid=puc2NpMzpyavOKVsj-ViBZ2bKsq5I98o

Source:
http://www.abs-cbnnews.com/video/business/02/14/12/sunlife-insurers-stable-pre-need-faces-new-challenge

For a free sample policy or to know more about sunlife and what services it can offer the money-wise investor that you are, send an email with your name,gender,age and protection/investment interests to bryan.d.garcia@sunlife.com.ph. You may also request for a free non-obligatory presentation for your convenience.

Money Talk | Prudential Life Plans and 30 other Pre-need companies in trouble

 The Insurance Commission on February 3, 2012 issued a “Stay Order” on the request of troubled pre-need firm Prudentialife Plans Inc. for corporate rehabilitation.

With the “Stay Order” decision, all payment of claims by planholders effective February 6, 2012 are suspended. That means starting February 6, all Prudentialife planholders cannot file for any claims against the company until its corporate rehabilitation plan is approved.  All claims being processed, however, as of February 6 will still be honored and funds will be released to planholders.

Notice to Prudentialife planholders and other stakeholders
The Insurance Commission directs all Prudentialife planholders, stockholders, creditors, and other interested parties to view and comment on the verified proposal for corporate rehabilitation submitted by the company. Details of the proposal are available at Prudentialife’s website. Deadline of  comments on the said rehabilitation plan is on February 25, 2012.

Planholders and other interested parties are also encouraged to attend the consultation hearings scheduled on March 2 and 13, 2012, 9 am, at the IC Board Room, 2nd Floor of the Insurance Commission building at United Nations Avenue in Manila. The sessions will discuss the process of corporate rehabilitation for Prudentialife.

Be Extraordinary: 8 Steps To Living The Life You’ve Always Wanted

Are you bored with your daily routine? Tired of doing the same things, day in and day out?

Are you unhappy with how life is treating for you? And wish that everything could be different?

If your answer is yes, then you have a bad case of being ordinary.

There is nothing wrong with you, and you’re definitely not the only person who feels this way about themselves.

In fact, most people live exactly this kind of life… but that’s because they choose to be ordinary.

So why be ordinary when you can be extraordinary, right?

If you want more excitement, more variety, more happiness and more things to happen for you, then just follow this 8-step guide on how to add that “extra” to your ordinary life.

How Much To Save To Become Wealthy!

Everyone wants to become wealthy!

But what does being wealthy mean?

Literally and figuratively, from the Pera Palaguin Publications and financial literacy seminars of Colayco Foundation, being wealthy simply means one is able to sustain his/her chosen cost and kind of lifestyle without having to work.

How old are you today?

How much is your monthly gross salary today?

How much money do you have NOW that you can save & invest and not touch until you fully retire?

Find out how much you need to save to become wealthy by using our online financial calculator.

Be Afraid of Investing No More

Why do some people dread the idea of investing?

At times, it is but a case of being unaware. We think that when we commit money for a period of time in an instrument, it will always earn – significantly. And because of this notion, we overlook an integral part of this exercise: the risks associated with investing.

Understanding risks

A cardinal investment rule says that high-risk investments are likely to pay higher returns, while low-risk investments are likely to pay lower returns. However, what drives a person to choose one over the other is largely that person’s confidence, need-based preferences, and the degree of freedom he can exercise over the funds. In short, it is all very personal.

When one is confident of his ability to make good investment choices, the more willing he is to take in risks. In his mind, the standards of good investing have been met and, thus, he is likely to gain the upside on his investments.