Welcome…

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My name is Raymund Camat and I am the blogger of MoneyTalkPH.com. My mission is to spread financial education to Filipinos worldwide to achieve the ultimate goal of Financial Freedom. If this is your first time visiting my blog, I recommend you explore all the articles I wrote here.

I am affiliated with Sun Life of Canada, the oldest life insurance company in the Philippines and currently the number 1 life insurance company in the Philippines. Our company has a wide range of life insurance and investment products including the following:

  • Sun Maxilink Prime – a life insurance plan with investment component that could be used to finance future needs like education and retirement. With the option to include accidental death benefit, disablement benefit, dismemberment benefit, and hospital income benefit. This plan is payable for at least 10 years.
  • Sun Flexilink – a life insurance plan with investment that could be used for retirement. With the option to include accidental death benefit, disablement benefit, dismemberment benefit, critical illness benefit, female critical illness benefit and hospital income benefit.
  • Sun Maxilink Bright – a life insurance plan with investment that could be used to finance future expenses in education or retirement. This plan is payable in 5 years with the option to add accidental death and total disability benefit.
  • Sun Maxilink Prime for College – a life insurance plan with investment that could be used to pay future expenses in education or retirement. This plan is payable in 10 years with the option to add accidental death, dismemberment, and disablement benefits.
  • Sun Maxilink One – a wise alternative for mutual fund, UITF and direct stock investing. One time big time investment that provides better return than traditional bank products
  • Sun Life Term Insurance Plans – affordable pure life insurance plans for Filipinos with limited budget but want to get life insurance policy to protect the future of their families
  • Sun Life Assure – a term life insurance plan that provides lump sum amount upon diagnosis of any of the 36 illnesses covered including cancer, organ transplant, paralysis, blindness and others.
  • Sun Start Up – affordable life insurance that provides lump sum amount to your family when you die and return 50% of your total paid premium after 10 years.
Make your money work harder for you! Invest on our award-winning mutual funds: the Sun Life Prosperity Funds. Learn how to open an account here.

Non-life Insurance Products

Get fire insurance for your home, condominium, apartment, building, warehouse, plant and other properties. With optional coverage for flood, earthquake, malicious damage, theft, riot, etc. Get a quotation today, click here.

Beware of the Online Paluwagan Scam

Scams

scamIt is horrible to hear the story of a housewife who is a victim of this online paluwagan system in Facebook. According to the ABS-CBN news video below, she invested 500,000 pesos of hard earned money from her OFW husband to this online paluwagan scheme without her husband’s knowledge and even permission. At first she received money from this online paluwagan and because she was happy with the profits she received, she invested 500,000 pesos with the promise of getting huge returns. Just after investing the money, the online paluwagan administrator just disappeared or could not be reached. I think they did not even meet each other in person. Because of the scam she had difficulties paying her children’s tuition fees as well as paying utilities and house expenses. This led to her eventual separation from her husband. It is clear that this new online scam is destroying families.

Another lady, sold her jewelry and properties (at a lower price) to invest in this online paluwagan system. She even used her family savings only to find out she has been duped. As of the moment, 15 people have sought the help of the National Bureau of Investigation (NBI) Cybercrime division. In my opinion, it is impossible for these victims to  get their money back judging  from past cases of investment scams like the Aman Futures scam. These cases may also take years in courts until the victims are  no longer interested to pursue  the cases.

The online scam is all done online. Members communicate through Facebook chat and groups. Members are asked to deposit their investment in a bank account provided by the paluwagan administrator. They received promises of  100% return which will be deposited to their bank accounts after few weeks. The investors did not receive any proof of investment like receipts or investment certificates. Everything is done based on trust and false promises. Unfortunately, the paluwagan admins could not be trusted from  the start but the victims had no idea how bad are the people they are transacting with.

There are many investment instruments in the market that are legal including mutual funds, UITFs, stocks, bonds and VUL products.  Returns are not guaranteed and may take time to get a good return of investment but you are confident that you are not being scammed! Study first before you invest to avoid being a victim of scams. Expect that there would be more related scams in the future with the popularity of social media and internet technologies




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Beware of the Online Paluwagan Scam

It is horrible to hear the story of a housewife who is a victim of this online paluwagan system in Facebook. According to the ABS-CBN news video below, she invested 500,000 pesos of hard earned money from her OFW husband to this online paluwagan scheme without her husband's knowledge and even permission. At first she Read More

Sun Life Mutual Funds, Executives Reap Awards (2016)

Sun Life Asset Management Company, Inc. (SLAMCI) continues to gain momentum in the second half of the year as its funds and executives reaped honors in two prestigious award-giving bodies. SLAMCI garnered a total of five recognition in the 10th Philippine Investment Funds Association (PIFA) Awards. Three of the funds it manages were honored by Read More

Best and Cheapest Sun Life Term Insurance Plans in the Philippines

Term insurance is the cheapest and most affordable life insurance plan offered by insurance companies. It is also called a pure life insurance because its only purpose is to insure individuals against the loss of life but today there are also plans that add coverage for disability and critical illness.  Term insurance plans are cheap Read More

Bank Vs Investment Vs Life Insurance Plan

  Consider this: 1. Turning P1,000 into P1,003 is called a BANK. 2. Turning P1,000 into P1,300 is called an INVESTMENT 3. Turning P1,000 into P100,000 is called an INSURANCE PLAN. A person no matter how capable he is in his lifetime cannot avoid two things - death & old age. When a person is Read More

Single Pay VUL: Client Earned 200K in 6 Months from Her 1 Million One Time Investment

My client was very happy as her investment last January 26, 2016 worth 1 Million pesos has now grown to 1,199,975.80 pesos as of July 21, 2016. (Disclaimer: Value of investment  changes every business day, may move up and down due to volatility, characteristic of equity investments). She invested her money in Sun Maxilink One, which is a Read More

How To Become a Financial Advisor/Insurance Agent/Mutual Fund Agent in the Philippines?

Would you like to help others manage their finances and achieve financial freedom? Would you like to help breadwinners assure a brighter future for their families? Would you like to help more Filipinos achieve a better and comfortable retirement? Would you like to touch the lives of your family, friends, relatives, Facebook friends, strangers, etc Read More

Sun Life Mutual Fund Auto-Invest/Autodebit Program through BDO

Existing and future Sun Life mutual fund investors will have easy way to add more funds to their accounts. Now, they can automatically set their BDO savings/current accounts to transfer money (minimum 1000 pesos) to their existing Sun Life mutual fund regularly (choose from every month, every quarter or every 5th and 20th of the Read More

Sun Life Named Top Insurance Brand in the Philippines

Recently, Sun Life was included in the top 100 brands in the country according to Campaign Asia-Pacific’s report. Sun Life is the only life insurance company in the Philippines to be included in the top 100 list which is dominated by telecommunication, media, food, consumer electronics, automotive, travel and leisure, household and personal care companies. There Read More

10 Year To Pay Affordable College Plan in the Philippines

10 Year To Pay Affordable College Plan in the Philippines thumbnail

When I was admitted as a college freshman in U.P., my farmer parents were not financially prepared to support my education. They don’t have any savings or any plan at all. I needed to stay in my uncle’s house so that we don’t need to pay for a boarding house. I practically applied to all Read More

Sun Life brings together the brightest stars to promote Money for Life

Sun Life brings together the brightest stars to promote Money for Life thumbnail

As Sun Life Philippines rises up this year to touch 5 Million Filipino lives by Year 2020, it enlists the help of the country’s brightest stars to encourage more Filipinos to have their own financial plans.   Actor and triathlete Matteo Guidicelli, actress and chef Judy Ann Santos, actor and producer Piolo Pascual, and top Read More