Paolo Brian Sarmiento, Financial Advisor, Sun Life Philippines

Happy New Year!

CONSIDERATIONS FOR THE YEAR 2023

1. ON EARNING:
Never depend on single income. Make investment to
create a second chance.

2. ON SPENDING:
If you buy things you do not need, soon you will have to sell things you need.

3. ON SAVINGS:
Do not save what is left after spending, but spend what is left after saving.

4. ON TAKING RISK:
Never test the depth of a river with both feet.

5. ON INVESTMENT:
Do not put all eggs in one basket.

6. ON EXPECTATIONS:
Honesty is a very expensive gift. Do not expect it from cheap people.

7. Past is a waste paper, present is a newspaper, and future is a question paper. Come out of your past, control the present, and secure the future.

8. When bad things happen in your life, you have three choices. You can either let it define you, let it destroy you or you can let it strengthen you.

9. Our eyes are in the front because it is more important to look ahead than to look backwards.

10. We used pencil when we were young, but now we use pens. Do you know why ?

Because mistakes in childhood can easily be erased, unlike now *so, before you make your life's next mark, hand the pen over to the God, He never makes mistakes.

WISHING YOU A PROSPEROUS 2023
🥂🥂

Merry Christmas to my Dear Sun Life Clients!🎄🎄🎄🎅🎅🎅

Half way to the weekend! 🎉

🎖Make it a priority. Then you'll have time!🎖

Get Comprehensive insurance plan today! 📩 Message me for inquiries!

Use your 13th month pay to avail a plan that will pay you more than 13 times of the amount of your 13th month pay in case something happens to you.

A plan that will give you more than 13 times of the amount of your bonus if nothing happens to you.

---

Let's turn your 13th month pay to a million-peso worth of insurance coverage with a cash value. G?

Use your 13th month pay intelligently this year.

Get a sure advice from a Financial Advi-sure today! 🍊

Get a quote? Message us here. 📩

CCTO

Life Hack 101.

Life insurance is your safety net 🫰

Photo credits Let's Grow

Should one buy or not? The quick answer? It depends on who is buying. The complete answer? It depends on what kind of money the buyer is using.

If you are using capital income to buy your iPhone, that transaction doesn't lower your net worth and comes practically at no cost to you. Free. Why? Because you are using money made by your money. HOW you make your money is the real measure of wealth.

If you are using labor income to buy it, I urge you to give it a second, even a third, think. More so if the money is yet to be earned by the labor you must expend to pay for it.

There is no such thing as a good or a bad purchase. Only the wrong or right buyer.

©️Jong Merida

Dapat ba na si ex-fiancé parin yung makakakuha ng life Insurance benefits?

Based sa insurance code

Section 53. The insurance proceeds shall be applied exclusively to the proper interest of the person in whose name or for whose benefit it is made unless otherwise specified in the policy.

So ang pagkakaintindi ko dito is kung sino lang ang nakasulat na beneficiary, exclusive lang sa kanya ang benefits. Hindi pinalitan ang beneficiary kaya sa ex parin mapupunta.

Pero may nagsasabi na "wala naman ng insurable interest eh bakit sa ex parin mapupunta?"

Balik tayo sa insurance code ulit.

Section 19. An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime; and interest in the LIFE or health of a person insured must exist when the insurance takes effect, but NEED NOT exist thereafter or when the loss occurs.

Sa Life insurance, hindi kailangang existing parin ang insurable interest upon claims. Sa umpisa lang needed and during application.

"Eh may anak na ang insured eh. Dapat sa anak mapunta ang benefits,"

Unless ma-disqualify ang mga designated beneficiaries at wala ng ibang listed beneficiaries, saka pa lang magiging part ng estate ang insurance proceeds na mamanahin ng heirs.

Section 12. The interest of a beneficiary in a life insurance policy shall be forfeited when the beneficiary is the principal, accomplice, or accessory in willfully bringing about the death of the insured. In such a case, the share forfeited shall pass on to the other beneficiaries, unless otherwise disqualified. In the absence of other beneficiaries, the proceeds shall be paid in accordance with the policy contract. If the policy contract is silent, the proceeds shall be paid to the estate of the insured.

BAWAL DIN BA NA BENEFICIARY PARIN ANG EX FIANCEE?

Punta naman tayo sa Civil Code

ARTICLE 2012. Any person who is forbidden from receiving any donation under article 739 cannot be named beneficiary of a life insurance policy by the person who cannot make any donation to him, according to said article.

ARTICLE 739. The following donations shall be void:

(1) Those made between persons who were guilty of adultery or concubinage at the time of the donation;

(2) Those made between persons found guilty of the same criminal offense, in consideration thereof;

(3) Those made to a public officer or his wife, descendants and ascendants, by reason of his office.

So may na violate ba na law? Para sakin wala. Hindi naman siya guilty ng adultery. Hindi naman niya pinapatay yung insured. So si ex-fiancée ang may karapatan sa insurance proceeds.

Choice niya kung anong gusto niyang gawin sa pera.

Sa mga may insurance plans, make sure that your beneficiaries are the ones you want to leave money to. Kung nag bago na ang gusto niyo, palitan na.

Sa mga wala pang insurance, pwede kayo sakin kumuha. 😍

CTTO

𝐀 𝐒𝐀𝐌𝐏𝐋𝐄 𝐂𝐎𝐌𝐏𝐔𝐓𝐀𝐓𝐈𝐎𝐍

Saving ₱40,000 a year for illness.
You got sick.
You have ₱40,000 as 𝐇𝐞𝐚𝐥𝐭𝐡 𝐅𝐮𝐧𝐝.

VS

Saving ₱40,000 a year for illness.
Put it in SUN FIT AND WELL.
You got sick.
You have ₱500,000 as 𝐇𝐞𝐚𝐥𝐭𝐡 𝐅𝐮𝐧𝐝.
—————————————————
Balang araw sisingilin tayo ng karamdaman. Ano ang ipambabayad natin? Ipon natin? Properties?

“𝐌𝐚𝐠-𝐢𝐢𝐩𝐨𝐧 𝐤𝐚 𝐧𝐚 𝐥𝐚𝐧𝐠 𝐝𝐢𝐧 𝐧𝐚𝐦𝐚𝐧. 𝐌𝐚𝐠-𝐢𝐩𝐨𝐧 𝐧𝐚 𝐧𝐠 𝐭𝐚𝐦𝐚.”