Five Reasons Why College Education is Important

aa014176-e1418425246401

“Education is what remains after one has forgotten what one has learned in school.” -Albert Einstein

 

One of the sentiments that is echoed all over the world when it comes to education is that it is that one thing that cannot be stolen from you. In fact, so many adages have been written which extols the necessity of education in our lives and in the lives of our children. In a sense, education is the best gift we can give to our children if we want to secure their futures as it is that sole aspect in life which would prepare them for what lies ahead. It shapes their dreams and helps them mold their plans of what they want to be. Unfortunately, getting a degree and having your children finish college is not as affordable as we wish it to be. For this reason, parents would often send their kids to school but would forego sending them to college as they see it as an unnecessary expense.

However, with wise financial planning, parents can actually prepare for their children’s college education. In fact, there are innumerable policies in insurance Philippines that would offer extensive educational plans. If you are thinking of sending your kids to college, here are some of the motivating factors that might convince you and fortify your decision to enroll them:

1.) Learning how to learn

In the Philippines, most employers would require at least a college degree from any course of their potential hires. Others might find this a bit discriminating, but there is an apparent reason for this. Employers tend to have a preference for college graduates because these are individuals who understand and appreciate the learning process. New jobs mean new responsibilities and new environment which is why it is essential for potential hires to have the willingness to learn.

2.) Dealing with adversity

Regardless of whether the economy is performing well or not, degree holders tend to find jobs better and easier. It is without a doubt that they are more in demand than those individuals without degrees. Furthermore, they can better deal with career adversity and they have a multitude of resources should they want to get back on their feet.

3.) Better earning potential

Education is an investment, and you will see how true that would be once you apply for your first job. People with degrees tend to earn more than those without as it is reasonable to expect a certain skill set, talent or expertise from you seeing as you have successfully hurdled through a two or four-year college course. It matters not whether you only get as far as a two-year degree, you would still have a better chance of landing a job and out-earning someone who only holds a high school diploma.

4.) Learn skills before employment

Your college education will inevitably teach you some skills where you would learn abilities that can be useful for your future employment. College courses are career oriented in a manner that they prepare students for what it would be like in the actual working field. These are not just ordinary classroom lectures either, but in depth explorations of what you would go through should you ever be employed by the industry you choose to study in. As a result, your potential employers do not only reasonably expect theoretical knowledge from you, but also that you would be able to perform well beyond your classroom experiences.

5.) Personal Satisfaction

Holding your college diploma and earning that degree is a major life goal and a milestone for many. If you have survived your college years in trying to earn that diploma, it will bring you a great deal of personal satisfaction—one which you can relish for years to come. After all, pushing through college and making it through all the lectures, classes and internships are no easy tasks. Indeed, accomplishing such a goal is an achievement—one that empowers you. Along with this sense of empowerment comes a feeling of confidence—the confidence to step and take on the world and feeling like you are ready for anything.

Image Source

Insurance Philippines: Importance of Insurance to Filipino Families

family-life-insurance-policy-money-article

“If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.” -Suze Orman

The Filipino family is considered as the basic unit of society. In fact, the family is such an integral part of the community that individuals should take the necessary measures and precautions in order to make sure that the family is adequately protected. Unfortunately, when it comes to the guarantee of the future and better welfare for the most important persons in our lives, we often fall short in securing just that. Our first brush with insurance may be when a relative or a friend would approach us to propose selling a coverage plan for our families. More often than not, most individuals would see this as another encumbrance on their finances and an unnecessary addition to mounting expenses that they would decline without giving it a second thought. Or if we do, we shop for policies and coverages we do not fully comprehend. We buy because we want to accommodate without truly understanding its value.

Life insurance is a pivotal financial product that safeguards the family from pecuniary ruin should anything happen to you in the event of your untimely death. Unfortunately, death and sound investment do not really present an optimistic sentence, and as a consequence, it is a sensitive topic to discuss. Indeed, life insurance may be one of the products hardest to sell among Filipinos, but that should not be so. Insuring yourself carries a lot of benefits to your family and would protect their future as well. But before scouring the market for the best life insurance in the Philippines, it might be wiser to know why your Filipino family would need it:

1.) Income Replacement

While you might take all the necessary measures to guarantee your safety in your everyday life, you can never entirely prevent an accident or sickness from happening. In the event that this happens, your family would not only grieve over the loss but would also experience the significant financial impact of losing what you have been providing them. If your family gets by without your income, they will face innumerable financial problems such as wondering where to get the money to pay for a myriad of bills. With insurance, you can alleviate the financial blow to your family as they grieve and commence practicing proper financial management.

2.) Educational Fund

If there is one thing Filipinos firmly believe, it is that education is the best and greatest inheritance they can give to their children. Considering as it is one thing that cannot be taken away from you, Filipino breadwinners ensure that their children get the necessary education to get by in the future. Unfortunately, if breadwinners can no longer finance a dependent’s education, what would happen to them? Education in the Philippines is not exactly affordable, and in the event of an untimely death, this could bring serious repercussions. One way to address this is to have an educational plan as with this, children are guaranteed the financial backing to finish school and can look forward to a brighter future.

3.) Medical and Funeral Expenses

In the event of your untimely death, your family would not only have to suffer through the brunt of losing you, but they would also be left with the responsibility of defraying funeral and medical expenses. At a time of grieving, this can be incredibly stressful and at times, would not have adequate funds to pay for it. They might be constrained to used college funds or savings just to finance these expenses. In the Philippines, death is expensive and the financial blow your family will experience can be detrimental. With this in mind, it would make great sense to at least be prepared financially.

4.) Emergency Fund

You will never know when an emergency strikes and when it does, it is best when you are financially prepared. Some life insurance plans would allow you to withdraw from the accumulated cash values and dividends should any emergency occur. You might want to think of your insurance policy as a secondary savings plan or a forced emergency saving—much like the ones you have in the bank. Seeing as this is not as readily accessible as the ones you have in the bank, it cannot be easily touched and would only be used for emergencies.

 

You should not wait around for the unexpected to happen. After all, there is no better time to be insured than now. Be financially prepared and get yourself insured today.

Image Source

Everything You Need to Know About Travel Medical Insurance

travel-medical-insurance-tips-1024x557

“If you cannot afford travel insurance, then you cannot afford to travel” – Author Unknown

There are many types of insurances in the world, and each one offers a coverage different from the rest. If you are a frequent traveler, then you might consider getting yourself a travel medical insurance in the Philippines.

What is travel medical insurance?

Travelers who frequently leave their home country might essentially need travel medical insurance. It is a type of insurance that would offer coverage for any type of medical emergencies and evacuations depending on the policy purchased. Depending on where you get yourself insured, this insurance can either be known as International Travel Insurance, Worldwide Medical Insurance or even International Medical Insurance. This mainly differs from other types of insurance considering that it is a coverage that protects you while you are out of your home country. There are many insurance coverages with policies stipulating that you would not necessarily be covered for any accidents, illnesses or emergencies occurring while you are abroad.

What is the biggest difference?

The main difference lies one what this type of insurance focuses on. With this travel medical plan, the focus mainly lies on emergency medical and evacuation costs and not necessarily travel cancellation coverage costs. Should you be abroad and contract a disease or figure in an accident, it would readily cover any medical costs for you. Most insurance plans would include emergency dental treatment and emergency transportation services.

If you have an accident in a remote area, emergency medical evacuations should be able to get you out of there and transport you to a place where you are given appropriate medical care. Furthermore, most travel medical plans would include some Accidental Death and Dismemberment term life benefits which are paid for.

It is usually cheaper than trip cancellation insurance

Apart from being useful on a trip, getting a travel medical insurance is the more practical and economical way to have an emergency medical coverage abroad. The cost of most medical plans would vary depending on an individual’s age, coverage amount, and trip length.

On the other hand, trip insurance with consideration to cancellation, delays, interruption, baggage coverage, etc. would be mostly based on the cost of the trip. Considering all these, it would be easy to see that a trip insurance would set you back by thousands of pesos whereas medical plans would be a lot cheaper.

Why you need travel medical insurance?

Much like everyday life, you can never truly predict what would happen to you during your trip. In some cases, foreign food might not agree with you and would give you a severe case of food poisoning. In another case, you might get into an accident while in traffic or have any of your family members injured. These are all likely cases of why you might want to consider having a travel medical insurance coverage. Furthermore, having this type of insurance will give you the guarantee and assurance that you would have travel medical assistance services in case of an emergency abroad.

What does it usually cover?

While the coverage differs from one insurance company to another, a Travel Medical insurance plan typically includes the reimbursement for unexpected medical costs due to emergency medical care as well as unexpected dental costs. Additionally, it would provide advance payments to medical facilities in order for you to have emergency medical transportation should you be injured. Lastly, it provides for travel accident benefits which would take care of you and your family should you be severely injured or killed while traveling and emergency travel assistance services. The latter would help you located a proper medical facility to take care of your and your family’s medical needs.

Image Source

Budget Tips for College Students

students saving money

A few weeks from now, college students will be back to their classrooms, and we will also welcome heavy traffic on the roads. For workers or non-students, it is the start of the long months of being more patient on traveling. On the other hand, some students are all hyped up or maybe too tired to go back to school. Surely even if you are already finished taking classes, you have remembered whether you are the excited one or the “please extend our vacation kid.”

Whoever you are on the spectrum, one thing’s for sure: you want to save a couple of bucks in school. We have different reasons why we need to budget our money effectively and here are some tips on how you can achieve your goal:

Make use of your school’s fast Internet

I understand how hard it is for you to do paper works especially thesis without a WiFi LTE connection since most of the up-to-date facts and information you need are online. What you can do is to connect to your school’s Internet or maybe rent a computer in your library and download all the files you need to read or analyze. Trust me. I survived college without having a stable Internet connection at home. We only load our prepaid connection from time to time that is way cheaper than availing a full-contract service of Internet, and you will seldom use it.

Cook food at home and bring it to school

It can be your mom, dad, sibling or guardian who cooks at home, and it can be you! Aside from saving some money on buying expensive food at the cafeteria or canteen, you will be enjoying freshly prepared meals which are made with love and can fill your stomach (and heart and also your tired brain). It is also fun to share your baon with your colleagues.

Or eat outside your campus

And I am talking about carinderia or small food stalls. If you want to save, you know that high-end restaurant or eating at fast food chains every day won’t do you any good. Ditch those fancy places and start looking for the ones who offer budget meals for students.

PDF and online copy of books will save you

Have a soft copy but be sure that you are allowed to use it for the class (not to mention these copies should be legal). If there’s no problem with that, congratulations for saving some money! However, some people still prefer to have their readings printed or in hardcopy.

Reuse, recycle and reduce your things for school

In whatever we do and wherever we are, we should not forget the three golden R’s. If you have old things you can still use, don’t buy and reuse those. Have some time to DIY stuff you need at school? Improvise don’t buy. Reduce purchasing unnecessary new things if you can still make the most out of what you have.

Sell things you are sure you won’t need anymore

This could be your old books, uniform, gadget, to name a few. Again, know that you don’t need them anymore. You don’t want to regret selling things and wanting them back after a couple of weeks or years. This is not actually a budget saver but more on an income-generating move.

Maximize your school’s perks and benefits

Know your rights and privileges at school. If you can avail of some products and services for free or at a lower cost at school, go for it instead of buying and going to outside stores. Don’t be timid to ask your admin about the perks and benefits you as a student can enjoy.

different jars for money saved

It is never too late to start saving for your dream gadget, vacation, target amount saved, or whatnot. So gear up and have fun with a new school year ahead of you!

Two Questions to Consider Before Getting Permanent Life Insurance

Online life insurance application form

“Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.” -James Surowiecki

 

While life insurance has been marketed as an ingenious savings plan that would inevitably serve as your family’s contingency money in the event of your death, it has been considered and advertised as a unique investment scheme prior to that. But as more and more people were hesitant in buying into an investment scheme that would take a considerable amount of years for a payoff to result, it has since then been promoted as this plan that looks out for the future well-being and welfare of their families. As a result, more individuals are receptive to purchasing an insurance policy than they would have been years ago. However, this does not diminish an insurance policy’s potential for investment as today; there are still many individuals who would likely buy life insurance just to be able to invest.

If you are planning to invest your money in an insurance policy, make sure you talk to an expert on the field as well as a qualified agent well-versed with insurance in the Philippines. Some companies would likely give you the option of investing in permanent life insurance where part of your premiums would be invested, and some of it can even be borrowed tax-free for retirement or anything else—all that apart from the death benefit your heirs will get when you pass away. However, before you jump the wagon, ask yourself these two questions and consider when it comes having permanent life insurance:

1.) How much life insurance do you actually need?

Asking yourself how much life insurance you need is paramount as you want to make sure that you buy as much as you need. Expensive and exorbitantly priced permanent policies would mean that you can afford to buy less which is not a good idea on the whole. You are buying life insurance to make sure your family is adequately covered financially if something were to happen to you.

So, it would only make sense to buy as much as you need but never less. In the same vein, you should not buy insurance that you do not need either as you are likely to spend more in it than what you or your family are expected to receive. Weight your options and consider that your insurance company has to collect a series of premiums not just for benefits, but to cover their expenses as well.

2.) How long will you need the insurance?

Permanent insurance is incredibly expensive as its primary purpose is to cover for your entire life while cheaper term policies cover you when you are younger and are less likely to use it. However, people are under the mistaken notion that once they retire, they would need a lot of insurance but on the contrary, they usually do not. Mainly because they no longer have any dependents apart from the spouse who lives off from Social Security, some assets or pensions anyway. But if you do not have enough assets to cover final expenses such as funeral costs or at least want a small policy to cover these so as not to be a financially cumbersome task to the family, you would need insurance in retirement.

Furthermore, if you fall into the second category of having a dependent who would not have enough income should you pass away, then you would also essentially need insurance even in retirement. Lastly, those who have taxable estates and would want to have life insurance as an option to pay out the estate tax should consider this option as well. This is especially useful if they do not want their heirs to sell a business or make taxable retirement account withdrawals just to defray tax payments. However, if none of the three would apply to you, then you might want to reconsider getting permanent life insurance.

 

Image Source

Thinking of Getting Insured? Here are Seven Terms You Should be Aware Of

insurance

“Health care is not a privilege. It is a right. It is a right as fundamental as civil rights. It is a right as fundamental as giving every child a chance to get a public education.” -Rod Blagojevich

Health and life insurance are one of life’s most pivotal investments if your family’s safety and welfare are of paramount concern. However, a lot of individuals would find themselves hesitant or even downright unyielding to buying a policy that would suit their needs and their families. There is a myriad of reasons as to why a person would be averse to buying an insurance policy, but there is also a fraction of them whose reasons would stem from the array of jargon insurance they are bombarded with should they elect to get insured. Wherever you are and whether you are buying insurance in the Philippines or elsewhere, insurance terms are inevitable and are universal. You see and hear them everywhere from the moment you deal with your agent to when you peruse your contract. For this reason, it is highly advisable for you to have an awareness of the most common terms. In this way, you would not feel too overwhelmed should you choose to purchase a policy and help you make better and more appropriate policy selections to suit you and your family’s needs:

1.) Agent

An agent refers to the person you transact the business with. They are individual salespersons who are licensed to sell insurance products and plans. In the Philippines, they are required to undergo a brief study before they can take the licensure exam wherein they would get their licenses after they pass. If you wish to purchase insurance plans and products, make sure the agent you are transacting with is actually licensed to sell you insurance.

2.) Accident Insurance

There are many types of insurances, and an accident insurance is one of them. This is the kind of insurance that would allow a policy holder to get a certain amount of money in case of a body injury or damage during an accident.

3.) Accidental Death Benefit

Accidental death benefits come with life insurance policies. It is a benefit that would be equal to the value of the policy chosen by the policy holder. In the event of an accidental death, this is payable in addition to other benefits that they would receive as well.

4.) Dependents

This refers to the spouse or children that rely on the insured person for coverage. Depending on your insurance company or policy, children may continue to rely on their parents’ insurance plans until they reach a certain age. There are also some insurance companies that would allow you to choose who your dependents are.

5.) Allowed Charge

These are fees that are included in your policy. Your insurers will recognize and pay for covered services by providers such as physicians and medical facilities in their health plan network. These discounts have been previously negotiated by the parties, and when you avail of any of the services in their health plan network, you will only pay a minimal fee depending on your coverage.

6.) Claim

This is a requested submitted by the insured to the insurance company asking for payment. The basis of this stems from the terms that are written in the insurance policy as submitted by you or your healthcare provider such as your doctor.

7.) Network

This refers to the groups of physicians, health care providers, clinics, hospices and participants that have agreed to provide medical services at discounted rates should you be covered by an insurance policy where they are part of the network. Remember, not all insurance plans come with the same network types, and the type of treatment and discount you will receive will significantly vary depending on the kind of network type your coverage has.

Image Source

What To Do To Get Your Personal Loan Approved Faster

 

no-credit-check-personal-loan

One way or another, we all need some cash. Perhaps, you need it for vacation or paying it all to your utility bills. Although we have different reasons why we need the cash, we are all hoping to avail quick personal loans. However, you cannot avail such loan when you are not capable of the application. Yes, some of you here might be wonder how and what ways they can avail personal loans faster.

Before lenders or banks can approve your loan, they make sure that there will be no bad records from your past loans. Of course, they don’t want to have troubles when it comes to financial matters. That is why you have to know what and what not to do for your loan to approved faster.

And if you are one of those people who are planning to avail a personal loan, below are some ways you can do to have a successful transaction.

Decide what sort of personal loan you need

Generally, we all know that personal loans are loans that are unsecured. However, when we look into the financial terms, all sort of loans are personal and not business. If you are not eligible for a typical personal loan, you can still apply and avail but you need to go for a secured loan instead. That means, your car, property and another value asset you have would put your collateral. However, if you are unable to pay the borrowed money, you will lose your collateral to the lender. So, you have to make sure and understand what type of loan you are going to apply for you to be guided when it comes to the payments.

Check your credit history

Lenders are usually strict when it comes to your credit history. Of course, they will not approve your loan if you still have pending payments that need for you to pay first. When you have a bad credit history, which would only mean you are not a good borrower. And mind you, lenders don’t like borrowers who don’t know how to pay their obligations. That is why before you decide to apply for a loan, you have to make sure that you have a clean and impressive credit history. The more impressive it is, more and more lenders are willing to approve your loans faster.

Find the perfect lender for you

Whether you realize it or not, all lenders are different. This particular lender may have some rules that don’t apply to other lenders. Of course, if you are not careful enough in choosing the right lender when you apply for a loan, then it might be difficult and hassle on your part. Moreover, if you know what type of loan you want to apply, you will most likely also know which lender you can trust.

Choose trustworthy online lenders

There are actually a lot of lenders you can find online. However, not all of them can be trusted. And if it is your first time in applying for a personal loan, it is a must for you to choose a trustworthy lender. Before you decide in choosing one, you should know their background if their clients are happy and satisfied with the services they give to their clients. However, if you think that people are disappointed with their services, then that particular lender might not be the one for you. You will basically know if a lender is a trustworthy enough since there will be reviews online regarding with that particular lender. With that, you will have an idea on which lender you should go for.

Yes, we all do hope that lenders will approve our personal loans as soon as possible. But it will definitely be all up to you if you have a good record of your past loans. That is why it is also your responsibility to set everything in order.

Image Source