Sun Maxilink Bright Explained – 5 Years To Pay Life Insurance with College Educational Fund

by Raymund Camat on October 13, 2014 · 2 comments

in Educational Plan

togakidCollege education is getting expensive year after year making it very difficult for Filipino parents to send their children to college. Even state universities are implementing high tuition rates, an added headache to parents who are already struggling to provide the daily living allowance of their children. Private college education can be just a dream for many parents and their children with popular universities such as Ateneo, La Salle and UST charging 6 digit annual tuition fees. Many parents want to provide the best college education for their children because they know that a college diploma will provide better opportunities for their children. But with the expensive cost of college education, many parents may force their children to postpone college.

Proper educational planning should be done as early as a child is born into this world. You may ask, why so early?…It is because if you start early, you have more time to save up for college and more time for your savings/investment to grow in a rate higher than the current inflation rate. (Inflation is defined as sustained increase in the general price level of goods and services in an economy over a period of time. Example: College tuition & miscellaneous fees increasing every academic year) It is not enough that you save the college fund in the bank because inflation will eat its value over time.  Regular savings account give less than 1% interest rate while time deposits give less than 2% interest rate.  Inflation  rate is at average 4-6 percent higher than what your bank is giving you for your deposit. If  Ateneo is charging 3000/unit right now, do not expect the same tuition rate when your baby enroll to the same university in the future. Inflation is one of the factors why tuition fees increase over time.

Sun Maxilink Bright, a product of Sun Life of  Canada Philippines, is a peso denominated variable life insurance plan that provides financial protection PLUS a potential source of savings. It enhances your money’s growth potential to fund future needs like education through its investment earnings. This plan is payable for at least 5 years. You will be the one to choose what investment fund you will put the college fund of your child. Currently, there are 5 funds to choose from and these are managed actively and prudently by top-notch investment professionals. In order for you to easily understand Sun Maxilink Bright, I created a sample proposal for a healthy Filipino father, 25 years old, with a new born son and non-smoker.


Sun Maxilink Bright Plan 200,000 Proposal for Mr. Juan Dela Cruz, 25, Male, Non-smoker

Annual Investment: 32,128 pesos/year for 5 years (2,677 pesos/month or 89 pesos/day) (160,640 pesos total investment in 5 years)

Face Amount: 200,000 pesos – this is the value in which life insurance benefits are based on.


Sun Maxilink Bright is a life insurance product. Upon the death of the insured, Mr Juan Dela Cruz, Sun Life will provide a guaranteed lump sum amount of 200% of the face amount or 400,000 pesos to the beneficiaries of Mr Juan Dela Cruz. The 400,000 pesos is considered the death benefit. The investment value or fund value (the college fund) accumulated will also be provided to the beneficiaries.

In case of accidental death of Mr. Juan dela Cruz, Sun Life will provide additional 200,000 pesos to his beneficiaries for a total death benefit of 600,000 pesos PLUS the fund value accumulated. The additional 200,000 pesos death benefit is from the Accidental Death Benefit rider attached to the the plan.

In case of total and continuous disability due to accident, Sun Life will waive premium payment, in other words you don’t need to pay the premium but you are still fully covered. This benefit is provided by the Total Disability Benefit rider attached to the plan.

Now, you will ask: Raymund,  is the life insurance necessary? Can I remove it?  Answer: No, you cannot remove the life insurance component of the plan, in fact it is the basic benefit of Sun Maxilink Bright. Sun Maxilink Bright is a variable universal life insurance plan providing lump sum amount to beneficiaries in case of death. The life insurance protection that this plan provides is very important to the beneficiaries of Mr. Juan dela Cruz. Even if Mr. Juan Dela Cruz paid once (ex. initial quarter payment of 8032 pesos) and “something” happens to him, his beneficiaries will receive guaranteed 400,000 pesos. This money may not be so big but decent enough to help the widow move on. The widow may use the money to open a small business, pay debts, finance daily expenses, send children to school and so on. If Mr. Dela Cruz thinks that 400,000 pesos is small, he could always increase the face amount of the plan to a higher one in order to increase the death benefit claim that his family will get in case “something” happens to him. Two hundred thousand pesos is by the way the smallest face amount of Sun Maxilink Bright.

What if Mr dela Cruz decided just to put his 32,218 pesos in the bank instead of getting a Sun Maxilink Bright plan, what will happen in case “something” happens to him? When he die, the bank will freeze his account and Mrs dela Cruz needs to pay the total estate tax of her spouse in order to withdraw the 32,218 pesos and all the cash deposits of Mr. Dela Cruz. If Mr. Dela Cruz just got the Sun Maxilink Bright plan, his wife will get from Sun Life a guaranteed amount of 400,000 pesos, tax free if Mrs dela Cruz is an irrevocable beneficiary. That’s the beauty of life insurance, your beneficiaries will get more than what you paid for in case of your early demise. It is particularly important when the insured is the bread winner of  the family. Remember, when a bread winner dies, not only his physically body is lost but also his income. Life insurance is the answer for the lost income!


The best part of Sun Maxilink Bright is the investment fund which will be used to finance the college education of your child. Big chunk of your yearly investment/premium will be used to buy shares/units to an investment fund of your choice including Balanced Fund, Bond Fund, Equity Fund, Money Market Fund, and MyFutureFund. Below is a table taken from the Sun Maxilink Bright proposal for Mr Juan Dela Cruz (request your own proposal below this article). It shows important information about Sun Maxilink Bright. Let us discuss them.

Premium Paid column = shows the amount paid each year, 32,128/year for 5 years (160,640 pesos total investment in 5 years)

Charges column = shows the charges (admin fees, management fees, premium charges, insurance charges) that will be deducted from your regular premium/payment

Death benefit column = the projected total death benefit; the sum of the 400,000 pesos guaranteed death benefit PLUS the fund value (college fund)

Fund Value 4%, 8%, 10% = these 3 columns show the projected fund value (college fund) each year. Take  note that these are mere projections and not actual fund value in the future.  Assuming that the new born son of Mr Juan Dela Cruz will start college after 18 years, how much is the projected college fund if  the investment fund I chose gave me an average 10% annual return. According to the table, the fund value (college fund) would be 574,960 pesos which could be withdrawn as cash. Mr dela Cruz has  the option to fully withdraw the money or he can do partial withdrawal each college year. Of course, college education in elite schools could be millions in the future so you need to get a higher plan if you wish to send your child to such school. Take note also that if you have more than 1 child, you really need to get a bigger plan. But if you could not yet afford a higher plan, get the plan that suits your budget and increase your regular contribution as your income grows. It is better to have a small  plan than without any plan at all, right?



Below are the funds you would choose from where to put your money. Also shown is the data on year-to-date return and the average annual compounded return for completed years. You can see that MyFutureFunds provide the best returns so far in  terms of average annual compounded return. Mr dela Cruz can choose the fund that he wants according to his risk appetite (investment risk appetite). The financial advisor of Mr dela Cruz will help him determine the investment fund that suits him according to his risk appetite.

historical performance sunlife vul


If your child is a full scholar (free tuition fees with allowance), well that is super good and congratulations in advance for having such an excellent kid. If your relatives will sponsor your kid, that’s even better because you don’t need to touch the fund value of your SUn Maxilink Bright. If this happens, use the college fund for your other children. If none of your children will use the college fund, then you can convert it to your retirement plan in which you will use the fund value when you reach retirement age. When Mr. Juan Dela Cruz, reaches age 60, the fund value could have grown to a projected value of 2.9 million pesos, assuming 10% average compounded annual return. Sun Maxilink Bright is such a flexible plan as you could use it to any future financial need.

IS THE RETURN ON MY INVESTMENTS GUARANTEED? You may ask me, Raymund you said that I am going to choose the investment fund where I will put the college fund of my child, this seems okay for me but I am quite afraid because we are talking about the future of my children, will you guarantee the returns on my investment? I will answer: Returns are not guaranteed but based on historical experience, stocks and in particular equity funds tends to go up in value over time for investors who are prepared to buy and hold for a longer period of time. Note however, that past performance is not an indicator of future returns. If you will ask investors or plan holders who started 10+ years ago, they will most likely give you a positive feedback with regards to their investment. These people knew how investment work and they used this knowledge to grow their money Now, they are enjoying the benefits of investing in the long term. If you meet a person that could GUARANTEE to double your money in a dubious investment scheme, well be careful because that could be a scam. Always talk to a licensed insurance or investment advisor when dealing with insurance and investment.

For OFWs: You can only open an account while in the Philippines to sign the documents and meet face to face an advisor. You cannot open an account while abroad as it is prohibited by law.bright1 Sun Maxilink Bright broc IN REQUEST PROPOSAL


Break The Cycle: Don’t Be A Burden To Your Family, Break the Cycle of Dependency

by Raymund Camat on April 10, 2014 · 0 comments

in Retirement


TV Guesting on TV 5 Good Morning Club Show: How To Get Out of Debt

by Raymund Camat on February 25, 2014 · 0 comments

in Media

Last February 15, 2008, a segment researcher of TV5’s Good Morning Club show called me if I am available to guest on their show as a Financial Expert on February 18, 2014. I said yes and told the guy on the phone to send me the details of the show. The topic was about how to get out of debt, a problem that haunts many of our fellow Filipinos today. I was excited to guest on the show and appear on TV LIVE for the first time of my life.  To prepare for the show, I did my research, read relevant books and helped in the creation of the script. I know that the segment will only run for few minutes, so the discussion with the host should be quick but with sense and substance. I was quite intimidated to know that the host who will ask me questions would be  the veteran broadcaster Twink Macaraig who has more than 2 decades of experience in broadcasting. I learned that she moved to TV5 from ABS-CBN, just like what other celebrities are doing.

I was fetched on my house in Mandaluyong at 5 o’clock in the morning but honestly I am already awake at 3AM to practice and memorize the script. I arrived at TV5’s new media center in Reliance, Mandaluyong City (10 minutes from my house) past 5 o’clock. I learned from the staff that the I will appear in a segment called Good Morning Girls hosted by Grace Lee, Twink Macaraig, TinTin Bersola Babao, Tuesday Vargas and Cheryl Cosim. The show went live at 7AM in the morning. I was very happy that the segment went out well and I was able to deliver the answers to the questions successfully. I thanked Twink for making me feel comfortable during the discussion on how to get out of debt.

Of  course, since this is a memorable TV guesting, I never hesitated to get pictures with the hosts:

withTwink Macaraig

With Twink Macaraig at the Good Morning Girls set

With Tintin Bersola Babao

With Tintin Bersola Babao

with Cheryl Cosim and Tuesday Vargas

With Cheryl Cosim and Tuesday Vargas

Can you go to jail if you don’t pay your debt?

This was asked to me in the show. People who always ask this question are credit card holders who are delinquent. No one go to jail because of not being able to pay debt. You will only go to jail when convicted on criminal cases like murder, rape, kidnapping etc. But debt delinquency is not a criminal offense but considered a civil offense. Moreover, the 1987 Constitution states that “No person shall be imprisoned for debt or non-payment of poll tax.” If you are be sued of not paying your debt, the court may order you to pay your debt by liquidating your assets to pay your debts. You must remember that if you issue bouncing checks to pay your credit card debt or any kind of debt,  you may be sued for the criminal offense of estafa. The constitution penalizes issuance of bouncing check not because to prevent debt delinquency but to prevent the circulation of bouncing checks to our economy, thus harming public order.

Banks are usually not suing people on credit card delinquency because it is expensive and takes time. To cut their loss, banks sell delinquent accounts to collection agencies which will collect payments to delinquent credit card holders. These collection agents are usually the one who threaten delinquent credit card holders to pay their debt or else they will go to jail. They even threat people that they will be held in immigration if they don’y pay their debt. The worse is some agents spread the debt problem of credit card holders to their immediate family members, neighbors and even office mates with the goal of embarrassing the credit card holder and forced him/her to pay. Although these harassment practices are not justified, these are wake up calls to us that we should not get into serious debt problem.

Spend Below Your Means

I think this is one of the most important tips on how we could avoid and get out of debt. Many of us spend our money like there is no tomorrow. We buy things that we don’t actually need and we don’t actually afford. We don’t stop spending our income until  nothing is left to spend. Our usual formula  is INCOME – EXPENSES = SAVINGS which is wrong because usually there is nothing left to save. The correct formula is INCOME – SAVINGS = EXPENSES. If our Expenses is higher than our Income, most likely we are in debt. If our expenses keep increasing while our income remains the same, our debt will start piling.

Some of us even consider our credit card as an extension of our income, where in fact it is not. If our regular income is just enough for our daily needs, it would be difficult to pay the things we bought using our credit card. This is the start of getting drown to credit card debt. Even if we pay the minimum amount due for the month, we have to pay the remaining amount next month with the  big interest. If you don’t settle the whole amount due every month, the power of compounding interest will not make you happy.

Can we also mention those people who get housing and car loan without carefully prepared plan on how to pay the monthly amortization every month.  It is not bad to get loans like these but you should always ask yourself if you could really afford it. Your monthly amortization should not exceed 30% of your monthly income or else there is a danger that it would be very difficult for you to pay the monthly amortization if certain financial emergencies strike you like paying hospital bills.

It is normal for us to borrow from our relatives, friends and office mates. Sometimes, kakasahod pa lang natin ubos na, that is why we are forced to borrow from people we know. We should be  thankful if somebody would lend us money but it is very important to pay him/her. Many friendships and relationships have been destroyed because someone is not paying his/her debt. In fact there is a joke, if you want a person to never forget you, borrow money from him/her and never pay it.

If you leave below your means, you do not need to borrow money when you are faced with financial emergency. You should save 10%-20% of your monthly income as your emergency fund. Put in a place that  you could easily withdraw like a bank savings account with ATM. The ideal amount for emergency fund is 3-6 months of your monthly income. I understand if you have small income right now, but this should not be the reason not to save a small part of your income to build your emergency fund. Kahit ba 10  pesos a day hindi mo kaya mag-ipon? Gusto mo ba kahit 10 pesos wala ka mailabas kapag may emergency? You don’t need to have a very high income to build an emergency fund. You just need to have the right mindset to save and avoid getting into debt.

Cut Your Credit Cards and Start Paying

If you can’t pay your credit card debts then you don’t deserve to have a credit card at the moment. Believe me, it will only further destroy you as a borrower and as a person if you continue using your credit cards even if you could not pay the monthly dues. Cut your credit cards today and prepare a plan on how you could pay your credit card debt. You should look at your monthly expenses and stop spending on things that you don’t need, prioritize spending on your basic needs. Consider looking for a sideline work or business to earn extra income to pay your debt faster. If you are already a delinquent credit card holder chased by collection agencies, consider negotiating with them with better payment terms so that you could pay. Running away from your creditors is not a solution to your debt problem because it could destroy your credit history making it difficult to borrow from  the bank in the future. Banks have shared databases of their delinquent debtors to protect themselves from lending to delinquent debtors.

(article not yet finished, to be continued..)


How To Add More Funds To Your Sun Life Mutual Fund Account Via BDO and BPI Online Banking

by Raymund Camat on February 13, 2014 · 4 comments

in Mutual Funds

I love online banking because I hate long lines in banks. Imagine waiting for an hour or more just to deposit your money or pay your bills. I feel the time waiting in line  is a waste of time, which I consider as a very important resource. With the banking technology we have in the 21st century, I really could not understand why long queues  are the common scenarios on a regular banking day. I know a lot of Filipinos are cyberphobic when it comes to transacting online because of security reasons but not me. You should not be afraid  if you know what you are doing; as a matter of fact banking websites are more secured nowadays so you feel safer when you pay your bills online, perform online fund  transfer and more.

With online banking, mutual fund account holders no longer need to physically visit the bank or the mutual fund company’s office to add more money to their accounts. You just need a computer with internet connection to do fund transfer from your bank account to the mutual fund company’s account. Today, I will teach you the step by step procedures on how to do add more funds to your Sunlife Mutual Fund account via BDO or BPI online banking. If you have account with other mutual fund companies , these procedures may help you do the same transaction easily.

Enroll Your Bank Account To Online Banking

In order to enjoy the power of online banking,  you need to enroll first your savings account to the bank’s online banking service.   For BPI, enroll here. For BDO, enroll here. If you already have online banking account from BDO or BPI, proceed to  the next step below.

Enroll Sun Life Bank Account Number to Your Online Banking Account

For BDO Online  Banking:

1. Log in to  your online banking account at
2. Click Enrollment Services
3. Click Other Person’s Account
4. Click Enroll

5. Fill up the form. Account number is 000460042254 which is the account number of Sun Life Asset Management Inc. (SLAMCI) in BDO. Account type is Savings Account (PHP), Preffered nickname could be anything like Sun Life Mutual Fund. Also put your personal email address. Click Submit.


6. After clicking the Submit button, a message will appear with the activation code.  List down the activation code.

7. Visit the nearest BDO ATM machine to activate fund transfer to SLAMCI’s BDO account. After entering your pin, choose Other Services button, choose Fund Transfer Activation and  then you will be asked to enter  the activation code. After entering the activation code, a confirmation will tell  you that your fund  transfer is already activated. But you need to wait for 24 hours until the bank account of SLAMCI will appear on the fund transfer feature of your online banking account.

For BPI Express Online Banking:

1. Log in on your online banking account here 2. Click Fund Transfer 3. Click Enroll Third Party Accounts 4. Choose between the 2 options on how would you add a  third party account. I recommend option 2 which what I did when I enrolled. However, you could also choose option 1.

bpi online banking1

5. Fill up the form. Account name is Sun Life Asset Management, Inc. (SLAMCI). Account number of Sun Life Asset Management. Enter the bank account number of SLAMCI which is 0073179807. Select relationship which is Colleague/Others. Enter purpose by selecting Others and typing Mutual fund transfer. Click Continue.

bpi online banking2
6. Print the form and sign it. Then submit it to the nearest BPI branch. You will know that this request has been approved if SLAMCI’s account number reflects in your online banking account fund transfer feature. You can also mail it to the address found in option 1 if you do no not want to personally visit any BPI bank.

bpi online banking3

BDO Fund Transfer

After adding SLAMCI’s BDO account number in your online banking fund transfer feature,  you are now ready to transfer funds into it. Follow these instructions>

1. Log in to your BDO online banking account

2. Click Financial Services

3. Click Financial Transfer

4. Click Transfer Money

5. Fill up the Transfer Details box just like what is shown below. {Minimum investment per fund is 1000 pesos}. Then, click submit.

6. A confirmation message will appear that your fund transfer is successful.  Screen shot the message by pressing Control + Print Screen (PrtScr). Then open Microsoft Paint editor and  then press Control + V to paste the picture/image. You could reduce the size of the picture by using the Resize button. Do not forget to save the picture. If the picture is big enough you could just crop out the important part. The bank will also send you email about the fund transfer which you could also screen shot as proof of investment.

7. You will use the picture in the next and final step which will happen in your Sunlink account or the online account system of Sun Life but let us first learn how to do fund transfer on BPI online banking. Do not delete the picture until you’re done with the next step. At least keep the picture for few months.

BPI Online Banking Transfer

1. Log in  to your BPI online banking account. 

2. Click Fund Transfer

3. Click Transfer Funds Today

4.  Fill up the Fund transfer form like below. {Minimum investment per fund is 1000 pesos}. Then Click Transfer.

bpi fund tras1
5. A confirmation message will appear that your fund transfer is successful.  Screen shot the message by pressing Control + Print Screen (PrtScr). Then open Microsoft Paint editor and  then press Control + V to paste the picture/image. You could reduce the size of the picture by using the Resize button. Do not forget to save the picture. If the picture is big enough you could just crop out the important part. The bank will also send you email about the fund transfer which you could also screen shot as proof of investment.

6. You will use the picture in the next and final step which will happen in your Sunlink account or the online account system of Sun Life. Do not delete the picture until you’re done with the next step. At least keep the picture for few months.

Final Step: Sun Link Online – The Most Important Step

If you just opened your mutual fund account, you could ask your mutual fund agent/representative to assist you in registering your Sun Life mutual fund account on Sun Link Online.  Sun Link is just like bank online banking system in which you could view your fund values/investment amount and other important information. Sun Life life insurance policy accounts and mutual fund accounts of a person are found in just one Sun Link Online account.  Here are the next procedures:

1. Log in to your Sun Link Online account at


2. After logging in, you will see your investment list. Click the  My MF Orders  in the navigation bar above.


3.  Then Click the +add button.

4.  The Additional Investment Order Ticket Form will appear. Fill it out completely.  The Branch of Bank and Shareholder’s Privileges can be left blank. Target payment should be Fund Transfer. The proof of payment will be the picture you saved in your computer awhile ago. Note that maximum image size is 320kb so if you exceeded this, you need to resize it using Microsoft Paint. Select Fund Type (Equity, Balanced or Bond). Select Sales Load (Frontend or backend load.). Then enter investment amount per fund. Select the source of your fund. Then click next. Just continue until a confirmation message will appear that your investment has been successfully submitted.

5. Wait 2 to 3 business days for your additional funds to reflect on your account. Happy investing!



Sun Dream Achiever Explained

by Raymund Camat on February 3, 2014 · 0 comments

in Educational Plan

Sun Dream Achiever is another product of Sun Life of Canada (Philippines) that I would like to introduce to Filipino parents who wish to get a life insurance product that has guaranteed education benefits. Below is the description of Sun Dream Achiever taken from

Sun dream achiever




Sun Life in the Philippines has stopped offering traditional pre-need plans due to varied reasons (e.g. low interest rates) but the company offers traditional life insurance and variable universal life insurance products that provides education benefits. One of these products is Sun Dream Achiever. As the plan’s name implies, the objective of this plan is to help parents achieve their dreams of providing quality college education for their children. Planning your kids’ future is the best thing to do and should never be a bahala na plan.  Every month you should set a side a portion of your income for your kids’ education and should be separate from your emergency fund and other investments.

Parents work hard to provide the best education for their children because they believe that education is  the only wealth that could not be taken away by anybody. But what if death or disability comes along the way, how would you make sure that your kids will still attend college and graduate? You can’t afford to say bahala na because your kids’ future is at stake. You probably know how difficult it is to live without education. Would you like your kids to endure odd jobs and low pay because you did not plan their future? Make their future brighter with Sun Life, the oldest life insurance company in the Philippines. With 117 years of existence in the Philippines, Sun Life is your trusted provider of life insurance products with education benefits.

Sun Dream Achiever could answer your needs for income protection, disability insurance and education benefits. For you to better understand this plan, let us discuss a sample proposal that I prepared. This is a proposal for a Filipino male parent, 30 years old and non-smoker. The minimum face amount for Sun Dream Achiever is 250,000 pesos. If you want higher insurance benefits and education benefits, you could get a plan with higher face amount. This plan terminates after 20 years and all remaining college payouts and accumulated dividends will be given to the plan holder. Take note that the name of your child is irrelevant into this plan as you the parent or the payer is the plan holder and the insured. Only the age of your kid is relevant because it will be  used to illustrate the years when cash payouts will be given by Sun Life.

Sun Dream Achiever Plan with Face Amount of 250,000 Pesos

Payment Terms:

  • Annual Payment: PhP 43,547.50/year
  • Mode of Payment: Annual Mode Only
  • Payment years: 5 Years only
  • Total Payment in 5 Years: PhP217,737.5
  •  Payment Centers: Sun Life Offices, Major Banks, Online Banking, Credit Card, Through Agent

Insurance Benefits

Death Benefit: Guaranteed 250,000 pesos – this will be given to the beneficiaries of the plan holder/insured upon his death due to accident, illness or natural death

Accidental Death Benefit: Guaranteed 250,000 pesos – this is additional benefit that will be given to beneficiaries in addition to the 250,000 death benefit if the death is due to accident.

Total Disability Benefits (Waiver of Premium): If you become disabled while paying the plan, Sun Life will waive premium payment. You need to show evidence of disability.

Contingent Benefit Upon Total Disability: If you become disabled for at least 6 continuous months, Sun Life will pay you Benefit Amount of Php 25,000 pesos on each policy year until the first payout of education benefit. This benefit is only available when you avail the Total Disability Benefit rider.

Free Living Benefit Rider: If you are diagnosed with a terminal illness with only 12 months or less to live, Sun Life will provide advance payment of 60% of the face amount or equivalent to 150,000 pesos in cash.

Education Benefits

Let us say that the first college  cash payout will be on the 17th year, how much will your kid receive as education benefit.

  • At the 17th year: guaranteed 50,000 pesos
  • At the 18th year:  guaranteed 57,500 pesos
  • At the 19th year: guaranteed  66,000 pesos
  • At the 20th year (maturity date) : guaranteed 76,500 pesos + accumulated dividends (not guaranteed)

Total Payout in 4 years: 250,000 pesos

If you think the above cash payouts will not be enough in the future, you could get a higher plan. However, if you are limited with your budget, you could get this plan now and get additional plan in the future.


Just like stocks, this plan earns dividends too but they are not guaranteed because they are dependent with the company’s profit. You have the option  to receive dividend payout every year but you also have the option to leave them to the company to accumulate. You can also use your dividends to pay your regular premium. If you leave the dividends to accumulate into the company, you will receive them all on the plan’s maturity date.

In  the proposal I created, the accumulated dividends amounts to 55,713 pesos at the current accumulation rate of 4% or 31,963 pesos of the current accumulation rate of 3.50%.

Request a Proposal for FREE


Invest and Travel with Sun Life Mutual Funds | Investing with Perks

by Raymund Camat on February 2, 2014 · 0 comments

in Mutual Funds

It is more fun to invest in the Philippines! And it is more fun to invest on Sun Life Mutual Funds! Sun Life Asset Management Inc. is calling individual and institutional investors to enjoy exciting getaways by investing a minimum of 1 Million pesos or $20,000 to any of the following Sun Life Prosperity funds: Balanced Fund, Bond Fund, GS Fund, Philippine Equity, Dollar Abundance Fund and Dollar Advantage Fund.

Experience local retreats from the urban jungles of Manila and Cebu,  to the pristine beaches of Boracay or the coastal towns of Davao and Iloilo, there is something for the weary traveler. Shop in high end shopping centers of Bangkok and Singapore. Discover the beautiful cities of Shanghai, Seoul and Tokyo.  Realize your dream to visit Sydney, Los Angeles and San Francisco.  Invest now!

For more information, contact me at 09179698062 or email me at 
















Globe Fair Use Policy (FUP) , 1GB Data Cap, Is It Fair?

by Raymund Camat on February 2, 2014 · 15 comments

in Money Issues

Did you receive the text message below from Globe recently? If you are a Globe Postpaid plan holder subscribed to the Php999/month unlisurf plan, most likely you have received this message especially if your daily routine is watching a lot of Youtube videos, downloading games, applications and movies in your laptop or smart phone. I believe you got angry (or super angry) upon  reading this text message and upon learning that you could no longer enjoy the power of the internet with the rest of the day and you need to wait until midnight when everybody is sleeping to enjoy again  the beauty of the internet.

globe fair use policy

I feel your pain friend as I am also a subscriber of the so called “unlisurf plan”. Now, there is a limit on what I can do online. Too bad for me because watching videos and movies online is how I remove my stress from a whole day of work. Now I am “stressed” because of this data limit. Globe said on their advertisements and their glossy fliers that their 999 UnliSurf plan is for unlimited browsing which is true until lately that they put 1 GB/day data cap on all subscribers citing their Fair Use Policy Guideline. After a subscriber consumed 1 GB of data within the day, his/her speed will slow down from 3G/4g/LTE to 2G. With this newly implemented data cap, I found out that their definition of unlimited surfing does not include unlimited video watching and unlimited downloading. I say OMG, most people subscribe to this plan because they want to enjoy watching videos and downloading things without limit. Globe said that it is necessary for them to implement this Fair Use Policy to solve the problem of network congestion. According to the video at the end of this article, data capping is not the best way to solve network congestion but by expanding network infrastructure and resources.

globe logoMost people are not angry because they put this data cap limit; most are angry because of their false advertisement (some say deception). They advertise the product as “unlimited” which every Filipino understands just the way we understand “unlimited rice.” Like any normal being, a subscriber of this “unli” plan feels being deceived and expresses anger. Who wants to be deceived, right? Subscribers express their anger and disappointment in online forums and social networking sites. Of course, they are expecting that Globe will be able to hear them. Yes, I think Globe hears them but I believe it will not do something about it.  The Globe executives will just watch them and laugh at them, saying: You have no choice! My friend, this is monopoly and corporate greed at its best! This is the Philippines!

Their customer care reps must endure being shouted upon by angry subscribers. Many may have already cancelled their plans and moved to other networks like Smart which I heard is not actively implementing their own FUP. Perhaps, Smart has the capacity to handle network congestion better than Globe which few months ago boasted their $700 million modernization program. Despite this program (which the company describes as “ambitious”), they are now implementing a cap to solve”network congestion” which should have solved by the modernization project.

According to the video below, “Most network congestion is not caused by the amount of data used but network congestion is related to the number of concurrent transfers. Data is not a limited resource, rate is a limited resource insofar as you can only send so much data down a single connection at any one time but any amount of data can be sent over time.” And to increase the “rate”,  internet service providers (ISPs) should limit the number of subscribers or build more cellular towers. Globe would not like to do these 2 options because it will probably decrease  their revenue if they limit the number of subscribers and it will not probably build more cellular towers because that would be additional expense for the company.

Agreeing with a statement in the video, the main reason why Internet Service Providers (ISPs) like Globe is giving data cap to their subscribers is because they want to generate higher revenue from their broadband services. As the revenue from text messages and calls is dropping with the rise of internet services/applications, Globe might be planning to tap its broadband services to increase revenue. Sooner, Globe will offer more expensive plans that will offer higher daily data cap (higher then 1 GB/day) or even unlimited surfing without the “limit” but with a higher price. They may even implement additional charges if you exceed the daily limit. This is how the telecom companies in the USA are charging their customers’ internet usage. I am willing to pay higher price to get unlimited internet services but the telecom company should be transparent on every detail of the plan.

In  the video above, I agree that data capping curtails technological innovation and productivity. Many useful and sensible internet-based (web-based) software today used up higher data. With data capping, there is a limit on  the way we use these software and applications in our daily lives.

The good thing about my current plan is that I am not locked in a 24 month contract so I can cancel my plan anytime with just a minimal fee. Many subscribers are locked in a 24-month contract that is why they have no choice but to wait until their contract expires or else they will pay huge fees. Now, I am planning to cut my  current plan and move to a better broadband provider. How about you? Share your plans, frustrations and disappointments in the comment box below!


Top 10 Philippine Life Insurance Companies in 2013

by Raymund Camat on January 15, 2014 · 1 comment

in Insurance

Besides from being a financial advisor, I am also a search marketing specialist that is  why I am always intrigued on what Filipinos are searching online to reach this blog. I noticed that a lot of people are searching for the top life insurance companies in the Philippines for the year 2013. Although 2013 is finally over, the Insurance Commission has not yet released the ranking of life insurance companies for the year 2013. What data available right now is the 2012 ranking of life insurance companies on different categories such as premium income, assets, net worth and paid up capital. In this post, I would like to highlight the  ranking of Philippine life insurance companies based on premium income. For your reference, last year, I wrote an article on the top 10 life insurance companies in the Philippines for 2011 based on premium income. defines premium income as the “revenue that is derived from premiums paid by customers.” This means the number 1 life insurance company in terms of premium income has collected the highest amount of premiums in the Philippines for the year 2012. This is a very good measurement on the performance of a given life insurance company. Strong marketing efforts and highly skilled insurance advisors contribute a lot on the revenue of each life insurance company. I noticed that major life insurance companies have aggressive marketing/branding efforts in the past year and these efforts have translated to higher revenues and more Filipinos being insured. More and more Filipinos are getting educated on the importance of life insurance and many of them actually get their own life insurance policies.

According to the Insurance Commissions’s website, this is the ranking of Philippine life insurance companies based on premium income for 2012. Canadian insurer Sun Life of Canada (Philippines), Inc. is again the number 1 life insurance company in terms of total premium income. This makes me proud as a financial advisor of Sun Life of Canada Philippines.

ranking 2013 life insurance companies

Sun Life beats the 2nd placer PRU Life UK with about 5 Billion pesos difference. In 2011, Sun Life beat 2nd placer Philam Life with just 300 million pesos difference. Unfortunately, last 2012 Philam Life’s ranking drop to number 4 and its rank was given to PRU Life. You could notice in  the table that although Sun Life is number 1 in  terms of total premium income, Philam Life is number 1 in premium income for traditional life insurance while the British insurer PRU Life UK is number 1 for variable life insurance (VUL). Pru Life remarkably jumped from rank 4 in 2011 to rank 2 in 2012. I am very proud of our very own  Insular Life for being at rank 6 making it the biggest Filipino insurance company.

Sun Life has achieved 44% growth (5 billion pesos) in premium income on 2012. This is an astonishing growth for a life insurance company. All life insurance companies in the Philippines collected a total of P119,454,550,174 from policy holders. This looks big but according to studies only 1.1 percent of Filipinos have some form of life insurance. This is small percentage compared to other countries in the region.

I do believe that the ranking of Philippine Life Insurance companies is less important than the ability of  these companies to fulfill the promises they have written in the policy contracts of millions of Filipino policy holders. They should be able to pay claims from policy holders and their beneficiaries. They should have enough reserve to pay present and future obligations to policy holders. They should be able to safe guard our hard earned money that we entrusted to them. We Filipinos deserve excellent service from these 30+ life insurance companies. We entrust the future of our families with them so they better do their job well.

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Message to OFWs Who Want to Avail Life Insurance and Mutual Fund Products

by Raymund Camat on January 14, 2014 · 0 comments

in Insurance, Investing

ofw investment

Image from

I receive a lot of inquiries and proposal requests from our beloved Overseas Filipino Workers who want to avail life insurance and mutual fund products from Sun Life. Many of them would like  to transact online since they are not physically located in the Philippines. Even though I very much like to  grant their requests, this would not be possible because Philippine laws require us to meet each client we would like to offer our services. If we violate these laws, there would be bad consequences such as invalidation of policy contracts. You must be present in the Philippines to fill up the application forms and affix your signatures to the documents.  Also, there are scams online victimizing vulnerable people and we want to prevent this from happening.

Good news is you could ask for proposals from me and we will discuss it via email, viber, ym, chat, skype, etc while you are abroad. You could also ask financial questions from me anytime, anywhere. When you return back in the Philippines for vacations, you could already avail our financial products like term insurance, whole life insurance, variable life insurance and mutual fund. When you return back abroad, you could pay your premium online or ask your trusted family member to make the payment for you in the bank or Sun life office. In every transaction, there should always be a receipt or proof of transaction for your safety and reference.

I would like to thank our dear OFWs for reading my blog and for continuously supporting our economy via your remittances. Hopefully, you would invest/save part of your remittances and not let your family spend all of it. Remember, you will not be an OFW forever so you better save or invest now for your future. Wishing you all a happy and prosperous new year!


How To Retire Like A Lotto Millionaire Without Ever Buying Lotto Tickets

by Raymund Camat on May 30, 2013 · 3 comments

in Retirement

I recently saw a funny but interesting infographic about lotto in Francisco Colayco’s blog that I felt so excited to post in this blog. If I could just post this infographic in all walls of lotto outlets, I would have given this country a big favor. Many of us Filipinos try our luck to be millionaires by lotto betting. Even there is a higher possibility to be stricken by lightning than by winning the national lotto jackpot, we still have this hope that someday we will win the jackpot. Many combine their family birthdays, special dates and special numbers in their lotto bets. We were taught by adults that if we dream about winning the lottery, we need to memorize and write down the winning combinations because they believe that these are the possible winning combinations. But I really don’t believe that our dreams can provide us with the winning combinations, although I admit that when I was young I believed with this myth. I don’t believe on winning the lottery anymore that is why it has been years since I bought lottery tickets. Now I believe that working hard and working wise are the keys to prosperity.  I am not against that lottery business because they provide revenue to the government (via PCSO) that could be used in various socioeconomic projects but I am against on how some Filipinos spend a lot of money in lotto betting for many long years. I observed that a lot of poor Filipinos patiently fall in line in lotto outlets nationwide. I am frustrated with this scenario because I believe that their money should be spent or used in something more worthwhile.

Many Filipinos grew old betting in our national lottery and almost of all of them never won. They are still betting now but surprisingly they don’t have retirement fund or even an emergency fund.  If they could have invested their money from  the start instead of betting in the lottery, they could have funds for retirement and emergencies. They don’t need to retire poor if they just knew how to use their money properly instead of betting in the lottery daily with the rest of their lives. Let us look with the infographic below and be amazed:


Invest or bet?

Invest or bet?

If a Filipino invested his daily budget of 100 pesos for lotto into an investment vehicle that could give him 20% average return in a year, he would have a retirement fund of 229,129,680 after 40 years of investing. Imagine this huge amount of money that could give a comfortable retirement for a Filipino. Less than 1% of Filipinos retire with this amount of money so if you are able to accumulate this wealth for 40 years and never bet in the lottery, you would be one of the few who would retire rich.  It is difficult to retire poor in the Philippines, because if you get sick you need money for treatment. If you don’t have money, you will just die unless your children and relatives will help you financially. Forget seeking help from the government, you know why.