No one who comes of age and lands a job can escape the inevitable – that is an insurance sales agent who comes knocking. Looking back, I am ashamed to admit that many of my not-so-proud moments came from evading unplanned encounters with relatives and acquaintances who decided to try their hand at selling life insurance. What can I say? I was young, not savvy with small talk, have yet to learn to say no, and truthfully, my income could barely cover the bills. Now I’d like to think I know better and even go out of my way to set planned meetings with insurance specialists to protect my daughters’ financial future. If I knew then what I know now, I would have managed those “ambush” meetings better, and might have come away with sound investments too. NO MAGIC AGE Is there a right age to buy life insurance? According to Melvin Esteban, wealth management executive with Insular Life Assurance Co. Ltd., there is no magic age or line in the sand when one has to … [Read more...] about News Is there a right age to buy life insurance?
10 year term life insurance
Today, we give way to a letter for help from a reader who wants to improve his FQ and financial well-being. Here’s his letter sent via email. Hi Rose! I took the FQ test and got a score of 50! Even if you get a dismal FQ Score at the start, remember that it is not cast in stone, as you can still improve it. I pity myself for my poor knowledge in finance. I really want to improve my FQ - not only my knowledge but also my attitude and habits with regard to financial expenses, savings and investments. I am an OFW and earning just enough to accommodate the needs of my family in the Philippines and myself here abroad. Sad to say, after working for almost 10 years, I still don't have savings yet. I tried hard but it seems like I'm doing it wrong. I'm 33 and I’m worrying so much. I would like to seek your advice how to go about it. Right now, I am constantly monitoring my expenses and cash flow just to track where my earned money goes. Unfortunately, at the end of the … [Read more...] about ‘Help, I’ve been working for 10 years and still no savings!’
Business John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. 19 Sep 2018 10:15PM Bookmark REUTERS: John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday.The move by the 156-year-old insurer, owned by Canada's Manulife Financial Corp , marks a major shift for the company, which unveiled its first interactive life insurance policy in 2015. It is now applying the model across all of its life coverage.Interactive life insurance, pioneered by John Hancock's partner the Vitality Group, is already well-established in South Africa and Britain and … [Read more...] about Strap on the Fitbit: John Hancock to sell only interactive life insurance
By Paul Hunter Feature Writer Fri., May 11, 2018 It was a glorious, sun-warmed afternoon after a long winter. Robbie Schnurr’s blinds were closed. He was finalizing his plans to die. “Pretty much where I’m laying right now, where I’ve been for years,” he said, reflexively patting the bedsheet between him and the half-finished bottles of water kept within easy reach. “What does a person do when they know they’re going to die within hours? I mean, do you walk over and look out the window? I can’t walk anyways. I guess you just wait for the time to pass and then you miss the hors d’oeuvres.” It’s been 18 years since a deadly E. coli outbreak devastated the rural town of Walkerton, 150 kilometres northwest of Toronto. Seven people perished. Another 2,500, half the population, took ill. Most eventually got better. Schnurr never did. Poisoned like the others, his health declined slowly and painfully … [Read more...] about In 2000, Walkerton’s poisoned water ruined his life. He decided it was time to end it
A meagre 1 million of 11 million individual taxpayers have filed personal income tax returns since the filing season started at the beginning of this year, the Revenue Department's chief says. Less than 10% of individuals who are obliged to file tax returns filed for the 2017 year with the tax-collecting agency and the ratio is considered to be quite low, with half of the filing season having passed, said Prasong Poontaneat, director-general of the department.The 2017 tax filing season runs through the end of March for paper filing and the deadline for electronic filing is April 9.He blamed insurance companies' payment documents for health insurance premiums, as the cabinet approved the tax deductible item late last year.Taxpayers can claim a deduction of up to 15,000 baht for premiums paid for health insurance provided by both life and non-life insurers, but insurance premiums of up to 100,000 baht can be claimed when premiums paid for life protection products with at least 10-year … [Read more...] about Under 10% of returns filed