Buying a Car – Comparing Whole Life, Permanent Life Or Term Life Insurance

Car InsuranceWhat can these have in common, you might ask? When purchasing term life insurance policy you might as well compare it to leasing a vehicle. You can make use of the car all the period you pay the leasing and once you end up this period you give up this car. The same goes for term life insurance while you pay the premiums set for the policy.

On the other hand, when you purchase a whole or permanent life insurance, all you do you is accumulating more value on the specific policy. The same goes with purchasing a car, you become the owner of a valuable asset.

There is however a difference: while the insurance policy increases in value over the years, the value of the car decreases more the years pass by. With insurance policies you will see that their name is received in accordance with the way they gain more value. Therefore you will find whole life insurance, universal policies and variable universal life insurance plan. Continue reading

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Philippine Peso remains stable vs. US dollar

The Philippine Peso is expected to remain strong against the dollar in 2013 due to continued expansion of the domestic economy, weak recovery in advance economies, and higher import requirements.

Bangko Sentral ng Pilipinas (BSP) Assistant Governor Cyd Tuano-Amador, in briefing Friday, said continued improvement in domestic fundamentals along with surge in capital flows to emerging markets are among the major factor in the strength of the peso in 2012.

She explained also that “ as the economy grows, and as import requirement of the economy grows then there should be some demand for foreign currency, which should also help to moderate the movement of the peso.” Continue reading

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How much are the rates for Palawan Express Pera Padala?

Are you regularly sending money to your relatives and loved ones? Effective January 21, 2013, Here are the new rates when sending money via Palawan Express Pera Padala: Continue reading

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PNB and Allied Bank will merge in February 2013

Philippine National BankTycoon Lucio Tan-owned Philippine National Bank (PNB) and Allied Banking Corporation (ABC) will merge in February 2013.

This, after the Banks finally got final approval from the Securities and Exchange Commission (SEC) and the Financial Services Authority (FSA) of the United Kingdom for a merger.

In a disclosure to the Philippine Stock Exchange (PSE), the PNB said FSA approved the change of control of Allied Bank Philippines (UK) Plc and PNB (Europe) Plc in relation to the integration of the parent banks. Continue reading

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Philippine Stocks back at 5,700-level, peso still moves sideways

The Philippine stocks continue its rise with the main index rising up to the 5,700-level Wednesday while the peso still capped the day sideways against the dollar.

The composite index rose by 2.05 percent or 115.80 points to 5,752.39 points a day after the main index recovered and ended Tuesday to 5,636.59 level.

Also, the broader all shares index is up by 1.60 percent or 58.01 points to 3,688.28 points from the previous day’s 3,630.27 points. 2267.10

All the sectoral indices also went up led by the property with 3.08 percent or 67.79 points to 2,267.10 points from day-ago’s 2,199.31 level. Continue reading

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Facebook plunges to record low after Initial Public Offering (IPO)

Shares in the world’s largest social network Facebook plunged to a record low since its May IPO on the Nasdaq stock exchange Wednesday.

Facebook shares fell 3.9 percent in Wednesday trading to US$ 20.87 per share, closing at US$ 20.88 or 45 percent below the IPO offer price, after four straight days of falls.

Facebook held a large-scale share offering in May, floating 421.23 million shares at a price of US$ 38 per share, helping the company raise US$ 16 billion and giving it a valuation estimated at US$ 104 billion.

The network company has since taken a hammering in the markets against a backdrop of claims its IPO may have been mishandled by lead underwriter Morgan Stanley, and a perception its market debut had been hyped. Continue reading

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Trust Funds vs Custodial Accounts – Understanding the Difference

There are a number of strategies parents and grandparents can use to pass along the assets they have worked so hard to accumulate over the years. Although, its solely depends on the descresion of the property owner, It is important for every family to carefully plan how they will distribute their assets.

The passing on of assets to children and others can be a difficult and emotionally charged issue, but it is also an important one. It is vital for parents to honestly assess the financial responsibility of their offspring as well as their monetary needs in order to make the right decision.

One of the basic choicest aced by parents and grandparents is whether to establish a custodial account or a trust fund to take care of their children’s needs.

There are advantages and disadvantages to both approaches, and it is important to consult with a tax advisor or accountant to discuss the tax and other financial implications of each move. Continue reading

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PDIC to start payout for Export and Industry Bank depositors June 19

The Philippine Deposit Insurance Corporation (PDIC) announced that it will start paying valid deposit insurance claims of depositors of the closed Export and Industry Bank (EIB) on June 19 in three batches.

Starting June 19, the first batch of the claims settlement operations (CSO) will be conducted at the Head Office and 12 other branches namely: Bel-Air, Pasay Road, Rufino, Acropolis, Cubao-P. Tuazon, Binan-Carmona, Calamba, Angeles, Baguio City, Dagupan, Cabanatuan and Mabalacat.

The second batch of CSO, starting June 29, will be for depositors of the following 12 branches: The Fort, Boni, Bacolod City, Cagayan de Oro, Cebu Plaridel, Cebu IT Park, Cebu Business Park, Davao Jacinto, Davao Recto, Iloilo, Imus, Cavite and San Pedro, Laguna. Continue reading

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Life Insurance – How to Shop Online

If you plan to shop online for your life insurance, make sure that you do not rush into purchasing the first policy of this type that you come across. Consider that you need to find more options and reach to the most convenient one taking into account the fact that even if you save monthly a little amount of money, it can bring you large saving in the long run. After all, a life insurance is meant to be for the rest of your lifetime.

Read on and find out what aspects you need to consider before purchasing the online life insurance:

* Take into account the type of life insurance – this can be done by deciding firstly what your needs are. You should know that there is a big difference between a short term insurance policy (that is cheap and lasts for a short time) and the whole life insurance policy (that is designed to last for your entire life and costs you more money). Continue reading

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Re-Investing in Your Business as a Good Business Investment Idea

As a businessman owning his own business, you will be very tempted to spend more money seeing that your company is being so profitable that exceeds your expectations. It is in fact the temptation that is chasing all the business owners who face a new financial power they have never known before.

But this is most of the times a big mistake! It can happen that one day the well from where you take water to reach the bottom. For this situation never to take place, you should find ways to reinvest in your business as a mean of business investment.

You can get various advantages for reinvesting into your business and several ways though which you can achieve this. But let’s see first which there advantages are: Continue reading

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