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Philam Life Highlights Financial Fitness at #LiveBetter Expo

Philam Life’s Vitality app is now popular among individuals who want to be physically and financially fit. I have friends who’ve used the app to motivate their fitness goals and earn real-life rewards like free movies and lifestyle gift certificates. The app is part of Philam Life’s #LiveBetter campaign.

WATCH: Our Experience at Philam Life’s #LiveBetter Expo

Here’s a vlog taken by my husband, spot me in this video enjoying all the fitness stuff!

As a follow up to the Vitality app, Philam Life also holds #LiveBetter expos around the Philippines. Just recently, a #LiveBetter expo was held near us at Glorietta Activity Center. It was a magnet for anyone who’s not just into fitness but also those who want to secure a healthy future. Entrance was free and there were a lot of free activities and prizes for everyone.


Visitors get a special Philam Life #LiveBetter loot bag

The expo brought to life the catchphrase “health is wealth”. No matter how cliche it is, it is the truth nonetheless. For me, the opposite is also true – “wealth is health”. The two should go together and #LiveBetter expo did a great job at making Filipinos realize the connection between physical, mental, and financial wellness.

Fitness Motivation

At #LiveBetter expo, you can expect exciting booths that showcase fitness equipment, gears, and accessories that can inspire any health buff. Of course, you don’t always need the best and latest equipment BUT different people have different methods of achieving their health goals.

I always wondered what it’d be like if I had my own stationary bike at home. It’s one of those dreams I have (plus a treadmill) that I know would cost money. For dreams like this, Philam Life has financial products that can help us make these goals come true  – whether it’s a new fitness equipment, a travel adventure, or even something as big as retirement.

Participants also enjoyed booth challenges that have instant rewards. Apart from getting to try a really expensive stationary bike, I also enjoyed the treadmill for a few minutes. It’s from Philam’s Vitality booth, when you complete the time you get a free photo taken plus a refreshing Vitality drink!

Financial Fitness Advice

Depending on how you fare or what you enjoyed from each booth, the expo will give you an idea of where you are at your health and financial journey. Philam Life provides free financial advice during their #LiveBetter expo. Their advisers are very high-tech with their tablets that aid in explaining your financial health.

Fitness Inspiration

Nico Bolzico, Solenn Heusaff, and Raymond Guttierrez are Philam Life’s ambassadors. Who hasn’t followed any one of them on Instagram? I admire Solenn for her discipline when it comes to health and fitness. I do follow her on Instagram and it was a treat to see her in person sharing her fitness and health tips in the flesh!

There is a clear consensus among the three ambassadors and that is, “fitness” is not just all about growing muscles, eating healthy, having a great body. Fitness is achieved when you achieve “balance” in life – health, family, finances. I know what they mean and Nico also touched on meditation and mental health which is a pressing issue with all the modern pressures of the digital age.

Philam Life #LiveBetter Expo in Baguio on September 23

Philam Life will roll out more events like this and the next leg would be in Baguio City! Follow Philam Life on Facebook for more details on this and upcoming events.

The Expo is packed with exciting activities, inspiring speakers and so much prizes! You’ll also get a chance to meet the ultimate fitspirations, Raymond Gutierrez and Nico Bolzico, who’ll show you how being healthy can be so much fun.

I am very happy that more and more financial companies are promoting financial fitness. Filipinos have a long way to go when it comes to financial literacy. Campaigns like this not only increase our financial awareness but also, highlight that we need to work on all aspects our lives to live better!

 

 

Mommy Lace is a blogger from the Philippines. She started this blog to share information on pregnancy, breastfeeding, childcare, family, and health.

Microinsurance and Disaster Preparedness | Affordable Life, Accident, and Property Insurance

Disaster preparedness is more than packing a go bag with flashlights, first aid kit, and food supply. During the 2017 Disaster Resilience Forum, resilience has been defined as having the ability to get back on one’s feet after a disaster. In the Philippines, this means typhoons, earthquakes, and on a smaller scale – accidents like fire or death can also be considered as a disaster for the Filipino family.

Cebuana Lhuillier and the Insurance Commission are working together to provide tools that can help protect Filipinos against these disasters. One of these tools is microinsurance.

What is micro-insurance?

Micro insurance has a more affordable premium compared to standard insurance products. Microinsurance premiums are usually within a minimum-wage worker’s capacity to pay.  By definition, an insurance guarantees compensation for specific loss, damage to property, illness, or death in exchange of paying the premium.

Cebuana Lhuillier is one of the leading microinsurance provider in the Philippines. They have microinsurance products that protect from the following:

– Burglary, and robbery insurance for small and medium enterprise business
– Fire, lightning insurance for home owners
– Accidental death, dismemberment, and disablement insurance
– Acts of nature on vehicles and more

If you remember during Ondoy, many cars were submerged in flood. Unfortunately, not all car owners are insured and majority had to shoulder the cost of repair to get their vehicles running again. For those whose vehicles were insured, the insurance company shoulders the cost of repair and damage incurred. Take note that different insurance companies would have different limits, terms, and conditions.

How much does microinsurance cost?

Citing from the Cebuana Lhuillier website, microinsurance premium can be as low as P10 pesos. But one of the most attractive microinsurance product that they carry is the Alagang Cebuana Plus (ACP) Gold.

Alagang Cebuana Plus (ACP) Gold cost only P40 pesos and is valid for 4 months. After 4 months, you have to pay another P40 to keep you and your family protected from the following and receive the respective benefits:

1. Accidental Death, Dismemberment, and Disablement – P20,000 per Confirmation of Cover (COC).
2. Murder and Unprovoked Assault – P5,000 per COC.
3. Fire Cash Assistance – P5,000 per COC.
4. Micro-life insurance (death) – P5,000 per COC

Another microinsurance product offered by Cebuana Lhuillier is NegosyoCare. NegosyoCare is designed to protect micro, small, and medium enterprises (MSMEs) from damages to property caused by fire, typhoon and flood, and even burglary and robbery. Negosyocare premium cost P1,500-2,500 and is valid for 1 year.

These are just 2 of many microinsurance products offered by Cebuana. You can check the complete list of microinsurance products suitable for different types of needs whether you are a homeowner, motorist, security guard, employee, and depending on your budget.

Cebuana Lhuillier also recently introduced RAPIDO which stands for Claims Rapid Action in a Disaster-Stricken Area Operations. RAPIDO is an initiative that enables Cebuana Lhuillier Insurance Solutions (CLIS) to immediately process and settle claims right at the site where a disaster had just occurred.

Mommy Lace is a blogger from the Philippines. She started this blog to share information on pregnancy, breastfeeding, childcare, family, and health.

Moms can Relax with Sun Life My Future Fund, Educational Plan

Mommy, do you dream of a relaxing day out that will let you forget about your worries and chores? Even just for a short time. Many of us will say YES but the problem is many of us don’t have the time, determination, and budget to prioritize ourselves.

According to mom and psychologist Michelle Santos, majority of moms feel guilty whenever they catch themselves in enjoyment. Bakit nga ba? I think it is because motherhood taught us to love selflessly and to always put our family first, especially when we have unresolved problems – tulad nalang ng financial problems.

Sun Life Philippines teaches moms how investing ease worries about children’s future

While financial products such as educational plan and mutual funds have been in the market for a long time, only a few mothers use this tool in helping them achieve their goals. One of the most important goals us moms have is of course, our children’s education.

The problem is, not many of us know about how financial planning can help solve our biggest worries and fears. Yung tipong makakatulog ka ng mahimbing without wondering if your child can go to high school or college. This is on top of the many demands and “ought to be’s” for modern moms.

This is why Sun Life Philippines is launching Mom’s Day Out, a financial literacy initiative that previews the relaxation and peace of mind that investment products can bring. All mothers with children age 7 and below can experience Sun Life’s Mom’s Day Out by liking the Sun Life Philippines Facebook Page and registering through the email address below. A registration fee of P500 is required to reserve a slot BUT will be refunded during the event day.

I joined the first batch and here’s my experience. Remember, the P500 registration is just to confirm your interest but is returned during the actual event. Technically, this is a free activity you don’t want to miss.

Top 3 Mom’s Day Out Experience with Sun Life Philippines

1. Luxury lunch experience at Bloom by IM Hotel

It is my first time at IM Hotel, it is known for being a new Japanese hotel that boasts of its own “onsen” or Japanese spa. The first order of the day was to enjoy lunch at Bloom Restaurant with fellow mothers who registered. I’m sure I’m not the only mom who relished a dining experience where we don’t have to cook or clean up after!

I love my family but I always appreciate getting a time out to be with myself and socialize with other people. This is especially true if you work from home and sometimes feel isolated, with very little socialization from other people apart from your kids and spouse.

The lunch buffet spread featured Filipino, American, and Japanese dishes. It was such a treat, may pa-kape pa! Bloom also offers dessert in their buffet menu that participants enjoyed with the relaxing and luxurious ambiance of this restaurant.

2. Relaxing authentic Japanese Onsen Experience

The second item in the Mom’s Day Out itinerary is a full body massage. During this treat, you can also enjoy the sauna and the Jacuzzi before enjoying the massage of your choice. Take this opportunity to reflect on your achievements, not just as a mom but as the person that you are today. You deserve this!

The facilities of the Onsen are all 5-star, from the shower rooms to your own private massage room. It’s amazing how a change of setting and ambiance can help us moms instantly unwind. Sabi nga sa Frozen, “it’s funny how some distance makes everything seem small”.

The massage therapist told me I had very stiff shoulders and that lamig and stress has collected in them. She asked when my last massage was and I honestly cannot remember. Thanks to Mom’s Day Out, my internal knots were fixed and I felt balanced thereafter.

3. Mom’s Day Out Talk on Family and Money Management

Last but not the least, the Mom’s Day Out includes an insightful talk from two speakers. At the time of my experience, it was mom psychologist Michelle Santos and Mylene Seguismundo of Sun Life Philippines. Michelle talked about finding balance in motherhood. Her talk highlighted the importance of taking care of ourselves so we can take care of our children better.

Mylene talked about the challenges and worries that moms face about their children’s education and how insurance products like the Sun Life My Future Fund can significantly help. This product is actually featured in this Sun Shorts Film called She Said, She Said. Watch the struggles of a single mom in raising her daughter and how Sun Life My Future Fund became her partner in putting her child through college.

I wrote about She Said, She Said here which is a truly relatable short film. I am not a single mom but I’m sure we all had times when we felt alone and we were doing it all by ourselves. Moms nowadays are proactive and taking charge of my child’s future is one that I am proud of.

Sun Life My Future Fund Explained

How can Sun Life MyFuture Fund help fund your child’s education? MyFuture Fund is a variable life insurance option that will encourage you to save and invest regularly to reach your desired financial goal i.e. your child’s college education.

It allows you to participate and invest in high yielding instruments like stocks (equity), bonds, and more that offer higher potential earnings for your money. I’m sure you’ve heard about the stock market and for many, it sounds complicated and risky. For me, it really is especially if you don’t know what you are doing! This is why financial companies like Sun Life Philippines makes it easier by offering products like MyFuture Fund that times your investment for you to maximize earnings, preserve and minimize risk, and help ensure that your fund (and earnings) are ready when you need them – when your child starts college for example.

How much does Sun Life MyFuture Fund cost?

The fund can have a time frame of 5, 10, 15, and up to 25 years. For education, the target date is at 15-20 years. Based on the TV commercial below, you can invest as little as P2,900 monthly or 34,000 for 10 years. On the 20th year i.e. 2035 if you invested last year, your fund’s value has the potential to grow to 1 million pesos.

If you think about it, investing P2,900 a month is not that hard. Find areas in your budget that you can trim or how about ways to supplement your income?  MyFuture Fund is a convenient way to invest and grow your money securely. It will help us moms relax and breathe, saving and investing is something us moms can definitely do to enjoy peace of mind about our children’s future.

It’s your turn to enjoy a Mom’s Day Out!

Register now for the next Mom’s Day Out happening on July 1 and 15. My experience allowed me to understand that moms like us can make our money work for us, so we won’t need to work as hard. Our worries about our children’s future will always be there but, with sound financial planning and proactive investing – everyday can feel like a relaxing day out!

 

P.S. I also received a goodie bag at the end of the session. It included products from TWG, Messy Bessy, Celeteque, True Tea Iced Tea, Working Mom Magazine, and a plush doll of Sun Life’s mascot called Sunny!

I hope you also register and enjoy the same experience. It’s time for your Mom’s Day Out!

Mommy Lace is a blogger from the Philippines. She started this blog to share information on pregnancy, breastfeeding, childcare, family, and health.

#SunShorts Remind Filipino Moms about Financial Planning

40% of Filipino parents are insufficiently prepared to fund their children’s education. Isa ka ba sa kanila? I’d like to answer no but to be honest, I’m still working, saving, and investing hard to have enough for my son’s education – up until college!

Nag-iiba talaga ang pananaw natin sa buhay once we become parents. One of our biggest worry and fear is the inability to send our children to college. Are you tired of worrying and living in fear of the future? Or, are you trying to ignore this fear and be content with being “kapos” from time to time?

June is Financial Independence month and to raise awareness on the benefits of investing, Sun Life Philippines is releasing 3 short digital films. One of the Sun Shorts released is entitled “She Said, She Said” and it is designed for parents like us who are unsure if we’re doing the right thing. Tama nga ba?

WATCH: She Said, She Said

Filipino moms can be as strong as Wonder Woman

This short film reminds me of how strong us Filipino moms can become. Once we become parents, we suddenly harness super powers and can take on two, three, or more jobs – even before our child is born. There are times I couldn’t believe how I pulled things through and thank God for the grace He gives us everyday. Parang milagro talaga!

Like the mother in the film, I’m sure many of us have experienced working multiple jobs while chopping vegetables, getting our child ready for school, and still manage to look presentable to the outside world. Kailangan e! No one else can understand our need to secure our family’s basic necessities other than ourselves. This is why we opt to do everything by ourselves and most of the time, there’s no other choice.

Making time, money work for you and not against you

Sa dami ng trabaho, something’s got to give. Most of the time, it’s spending quality time with our children. Gustuhin man natin makipag-usap at makipag-laro all day, we have grown-up responsibilities to fulfill – in fact, I often tell myself “No rest for the wicked” in other words, “walang tulugan!”. Maglaro pa kaya?

Time flies! This is me and my son. Photo taken 6 years apart.

In the short film, we see how scarcity of time can lead to communication gap between mother and child. It also reminded me how teenagers will need even more attention but in a different way. My son is just 7 so this is a great preview of what things might be. Syempre, I hope that with financial planning and budgeting – I would be able to afford more time with my son as he grows up.

The mother in the film actually made the right move to make a financial instrument like an endowment plan to serve as her “partner” even if she is a single mom. Because of this, she was able to send her daughter to school but of course, she had to work hard and make sacrifices along the way.

What is an Endowment Plan?

Based on my experience, I got an endowment plan for my son when he was 0 years old. This was with Sun Life Philippines as well. An endowment plan is a combination of investment and insurance with guaranteed benefit to be paid out over an agreed period of time.

It has insurance because in case something happens to the provider, in our case – the mother, the investment continues as if the mother is still alive and paying the insurance premiums. This ensures that your child’s benefit is protected. The riders may vary but at that time, I got the Sun PesoProvider10 which we’re still paying for up to this day.

Can you imagine if all Filipino moms would explore how financial products can help secure their children’s education and future? Syempre, there is no such thing as certainty in life but making our money and time work for us is a better strategy than not doing anything and saying “bahala na”. Nakakatakot yan!

Disclaimer: I am not a registered financial planner, please visit http://www.sunlife.com.ph/ for more information and reach out to one of their qualified financial advisors.

You’re still the best Mom!

At the end of the day, regardless of our financial status and capability, we are still the best moms for our children. They look up to us and we should be inspired to become good role models for them to follow – especially when it comes to being diligent and driven in making ends and more meet for a brighter future.

This short film, She Said, She Said understands what us moms go through, that motherhood is not all flowers and rainbows. For me, motherhood is a beautiful picture that is painted with equal amounts of love and sacrifice, happiness and sadness, enjoyment and hardship. The modern Filipino mom can be a strong, independent, driven, and financially secure. We have a lot to learn but the journey to financial freedom also starts with the first step.

That first step can be as simple as being inspired by a story like She Said, She Said. Go ahead, ask questions and start building a brighter future! You can do it Mommy, you are as strong as Wonder Woman and more!

 

Mommy Lace is a blogger from the Philippines. She started this blog to share information on pregnancy, breastfeeding, childcare, family, and health.

Financial Literacy through Sun Life’s Short Films

June is Financial Independence Month but after all these years of raising financial awareness in the Philippines, only 1.6% of the population has subscribed to a form of life or health insurance. This is a stark contrast to the 58% social media penetration in the Philippines.

While we all know the important role that money or finances play in our lives, we don’t pay as much attention as we should be. If we did, there wouldn’t be a “kakapusan mentality” and being comfortable with being insecure of finances. “Bahala na” is not a solution to financial problems especially when we’re actually talking of life and death situations. Financial independence will lay the path for our children’s education, the quality of healthcare we would get in case of illness, and how we would retire.

Did you know? 9 out of 10 Filipinos experience financial shortage. 40% of us will rely on somebody else’s income to pay for medical treatment and 40% of us are insufficiently prepared to fund our children’s education.

Making Financial Education Easy and Accessible

How can we all walk away from “kakapusan” or not having enough money to being financially independent? Financial independence is about learning to budget, plan for the future, save, invest, and because of these – enjoy life with security and peace of mind. We all need to be educated and learning to improve our family’s finances should never stop! But first, we have to spark that interest to change bad money habits and start to be more serious about our journey toward financial freedom.

Waves is the first Sun Short Film to be released this week, watch it here:

Sun Life Financial Philippines is releasing a series of short films on social media to inspire Filipinos to be brighter about planning their future. The three new Sun Shorts films are entitled “Waves”, “She Said, She Said”, and “Sayaw”. These will be available at the Sun Life Philippines Facebook Page and are actually inspired by stories of real Sun Life clients.

Each story reflects a stage in our life – from being young and in love, being a parent, and when we become emptynesters and get to enjoy (hopefully) our elder years.

FREE Online Financial Courses

As a follow-up to the short films, Sun Life is also offering FREE online courses for everyone to learn the basics of financial planning through their website, brighterlife.com.ph

This June, let’s all be free from worrying about our future, our children’s future, and all the things that stop us from doing something about it. The first step is always the hardest but when you finally do it – you’ll realize how empowering it is to control your money and not let money control you. After all, money is just a tool and we can use this tool to make our dreams for our family to come true.

Don’t forget to watch out for the other 2 Sun Shorts and you may even win an all-expense paid trip for two to Tokyo! Stay tuned at the Sun Life Financial Philippines FB page for official updates.

Happy Financial Independence Month, Mommies!

Mommy Lace is a blogger from the Philippines. She started this blog to share information on pregnancy, breastfeeding, childcare, family, and health.

Keep Calm and Stay Invested in 2017

Should you keep or even start investing in 2017? Even before the start of the year, the stock market has been going down and alongside the value of the Philippine Peso. There are many factors that cause this – technical, political, and economical. Of the three, mas madaling makita at mapansin ang political factors. Not only in our country but outside just like the election of Donald Trump, Brexit, etc. However, it doesn’t always mean that politics is the major factor.

Mag-iinvest pa ba tayo? Financial experts agree that we should and here are the reasons why:

1. The economy will not stop moving with the changing of government leaders – politics play a significant factor in the economy BUT businesses will not stop making money and trying to make more money. Halimbawa, nagsasara ba ang SM tuwing nagkakaroon ng bagong president? Ang American mall na Target ay bukas pa rin sa kabila ng mga anti-Trump rally.

There are what we call captains in the economy, these are personalities like Henry Sy, John Gokongwei, Tony Tan Caktiong and more- sila at ang kanilang pamilya yung marami ng napagdaanan at alam na alam na kung paano magpatakbo ng negosyo, sa anumang sitwasyon. These are the same companies that we call “blue chip” where many mutual funds include in their portfolio.

While many of us are holding back and focusing on the issues and reasons why we should stop pursuing our dreams, tycoons like them see opportunity beyond the challenges and remain steadfast in running their business. If you invest in mutual funds, you grow with the economy which according to Sun Life of Canada (Philippines), Inc. will continue to remain strong and could even grow by 7%.

2. It is cheaper to invest while the stock prices are low – while several factors contribute to the “decline” in stock prices, it is the best time to invest and afford more shares now versus waiting for the market to go up. Remember, the cheaper you buy your investments then the bigger your return could be once the market reaches its peak.

Naaalala mo ba noong 1997, Asian Financial Crisis? Ang baba ng stocks noon, at ang mutual funds ay binubuo din ng stocks. Ang ibang investors, nag-panic and sold their shares at a loss. Then, there are those who remained steadfast and even kept investing. Sa tingin mo, sino kaya sa dalawa ang mas kumita ngayong tapos na ang krisis at umakyat ng muli ang Asian economy?

Sun Life Chief Investments Officer Michael Enriquez says, “With stock prices cheaper, it’s a good time to buy so they (investors) can enjoy the greater gains once the market goes up”.

3. Long-term view of investing (5-10 years) will allow you to create wealth – there is a difference between trading and investing. Investing is much like running a business where you try to create wealth not instantly, but overtime. Sabi nga nila, time is gold and when it comes to investing – it really is!Registered Financial Planner, Randell Tiongson advises investors to remain steadfast and disciplined in saving and investing. This will allow you to certainly win for the long term, 5 to 10 years from now.

Thinking about it, my own investments in mutual funds 5 years ago still have a positive return despite the ups and downs of the market. Long term kasi! Of course, we should also know when to reap the rewards of our long-term investments i.e. you have reached your financial goals like your child’s college fund, etc. This is why as normal people, we should still educate ourselves on the market outlook that prevents us from panic and derail us from our financial journey.

The signs are bright that we should remain steadfast and disciplined in achieving our financial goals, no matter what the market might look like – there are financial institutions and financial experts who understand the workings of the economy, knows how to lock-in returns to honor plan holder’s benefits, and know where to diversify its investments. Sun Life Chief Investment Officer adds that with the country’s increased consumer and government spending, the outlook remains fundamentally positive.

Mommy Lace Tip: Keep investing in 2017 while making sure that you and your family remain liquid or has the ability to pay in cash. This includes in times of emergency. Before you add to your investment or start investing, do have a budget on how much you need in cash for your daily needs and set aside this amount monthly while keeping at least 3 months worth of your salary accessible in cash in case of emergency. This way, you will not withdraw your investments or sell your insurance products before they realize their returns or benefits.

Stay positive, work hard, and enjoy your journey to financial freedom!

Mommy Lace is a blogger from the Philippines. She started this blog to share information on pregnancy, breastfeeding, childcare, family, and health.