I Am an OFW and I Bought My Life Insurance Online

OFWs on vacation have only enough time to do the things they need to do —meet their loved ones, eat out in their favorite restaurants, go shopping, go to some local vacation spot they’ve never been to, or throw parties for friends and relatives.

On top of that, OFWs will have to squeeze in time to go to POEA or OWWA to get their OECs or overseas employment certificates, as a requirement for leaving the Philippines again and be officially recognized as the nation’s new heroes.

But many OFWs forget to add in their ‘to-do’ list some of the most important things they should do during their vacations — managing their finances. Many neglect to open a savings account or an investment account.There are also those who forget to file and pay for their contributions to SSS, Philhealth, or Pag-ibig Fund.

But one of the tasks they should not forget during their vacation is to get insurance coverage for themselves or their families.  Since OFWs are naturally hardworking and focus on their ability to provide for their loved ones right now, they rarely entertain the idea of passing away suddenly.

Taking Care of the Needs of Loved Ones

Many OFWs look at providing for the immediate needs of their family members back home, hence they send gifts and “pasalubong” on a regular basis. They don’t see the reality that one day they will pass away (and hopefully not too soon) and may leave their children and loved ones with nothing on hand.

While it takes a long time to build wealth through hardwork, business, and investing, getting a life insurance policy is an easier alternative for an OFW.

This ensures that the OFW can immediately protect the financial future of his or her loved ones should he or she meet an untoward incident.

I Am an OFW and I Bought Life Insurance Online

I first got my life insurance policy back in 2008 when I was still working in the Philippines as an auditor.

I was newly-married back then but I already knew that my spouse would need financial support in case I pass away.  Getting a life insurance was one of the preparations I made should that sad thing happen.

Now that I am an OFW, and with a 5-year old daughter, I realize that my current insurance policy will not be sufficient any longer.  That’s why during our last vacation in the Philippines, I immediately purchased another life insurance policy.

With a very busy schedule during our vacation, I only had time to log in to the internet to do my transactions. That was when I stumbled upon the new AXA iON online insurance store.

What I did was visit http://www.axaion.com.ph/ and browsed through its online store featuring four different insurance products.

They have  Savings eXentials which is an alternative savings plan,  Academic eXentials which is an automatic save-up program for children’s education, the  Health eXentials for medical emergencies, and the  Life eXentials which I purchased as life insurance for me and my wife.

The process is very easy. No paper, no more printing. I only filled out the online application form, answered a few questions, then paid my first premium with my credit card.

It’s easy as that!

So if you are an OFW, buying any of these AXA iON insurance products to meet your financial goals will be very convenient for you.

You can use your Visa or Master Card credit card to pay for your monthly premiums via the secure PesoPay payment system. Your succeeding monthly premiums will automatically be charged to your credit card, too.

Do you want to know more about AXA iON? Visit http://www.axaion.com.ph/ or watch this video from AXA Philippines:

You’re The Finance Manager!

If I tell you that you’re a manager, would you believe me or give me the standard reply of bewilderment that’s all to common these days: “Weh?”

If tell you even more specifically that you’re a finance manager, will I drive you further away from believing me? Chances are, yes.

But the truth is, you are a manager. By default, you are the general manager of your personal affairs. No one can brush your teeth for you, keep your body healthy for you and take care of your grooming for you but yourself.

In the same manner, no one else can take care of your money and financial needs but you. You’re your own finance manager!

Unfortunately, there are many misconceptions about personal finance. One is that you can entrust your financial fate to the stars (heavenly, not earthly ones) or to masters that teach you to secure your financial future by simply rearranging all your furniture, windows and doors to a certain side of your house.

Another one is that God will provide for all your needs even if you just sleep all day, which is taking the biblical verse out of its immediate and overall biblical context. But generally speaking, the biggest fallacy about personal finances that have the most potential to harm people is the belief that only a handful of genetically or educationally pre-determined people can really manage money well.

My e-book aims to disprove that and convince the ordinary, average folk who doesn’t have any background on finance that he or she isn’t just a finance manager whether they like it or not but to also empower them to be a very good one. It’s a great springboard for reading and learning more advanced materials on personal finance because it explains the key basic principles for managing personal finances well.

As such, this book may not be a good read for those who are already familiar or well-versed with personal finance principles.

You are the finance manager and you have the potential to be a very good one too! Grab your copy at the Amazon Kindle Store!

by Seph Romana

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Joseph Gerard “Seph” Romana worked as a Bank Examiner at the Philippine Deposit Insurance Corporation (PDIC). He is a former Market and Liquidity Risk Officer with Metrobank, former treasury trader at United Coconut Planters Bank, and former stockbroker at All Asia Securities and Apex Philippines Equities Corporation. Seph is also a resource speaker for his church’s Biblical Personal Finance seminars. On his artistic side, Seph also used to sing for the band Army of One. He advocates financial literacy among artists and young professionals. He is one of the proponents of Angat Pilipinas Coalition for Financial Literacy.

Learn more about personal finance by subscribing to Rock To Riches for FREE.

Join the OFW UsapangPiso Facebook Group to learn how to plan your finances the right way and how to grow your money in various financial instruments and investment vehicles such as stocks, mutual funds, UITF’s, index funds, bonds, money market, real estate, and others.

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. Order your copy now from our website http://pepotanddora.com and have it delivered right at your doorstep. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
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P.S. 4. If you are based abroad or just outside of Metro Manila and has been itching to learn more on how to jumpstart your business dreams, join me and my friend, serial entrepreneur Ginger Arboleda, as we take you through a series 2-hour webinars (for 11 Saturdays) that will help you focus on the technical skills and specific things that you have always wanted to know about in order to grow your business. We have come up with 10 sessions with 11 expert lecturers (with 1 FREE session if you enroll in the full program) that will make you a stronger and better entrepreneur. Register here to join the Enter Entrepreneurship Webinar Program now!

P.S. 5. Learn How To Make Money From Foreclosed Properties! We are on our 3rd run of the Usapang Foreclosed Property Investing with Jay Castillo of ForeclosurePhilippines.com! Happening on September 26, 2015 at the SMX Aura, Bonifacio Global City. Click here to register and avail the early bird promo!

FREE Tickets to the Money Summit And Wealth Expo On July 17-18, 2015

UPDATE (July 9, 2015): We’ve got winners!

Congratulations to Jolly Justo, Jr. and Munira Manuel for winning two (2) tickets each to the Day 1 of the Money Summit & Wealth Expo 2015! Thank you everyone for joining and for being a good sport. Watch out for our next raffles in the near future. Have a great day! 🙂

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Hear ye! We are giving away FREE tickets to The 8th Money Summit and Wealth Expo happening on July 17 – 18, 2015, at the SMX Convention Center, SM Aura Premier, BGC, Taguig City.

Day 1 will consist of various topics about investing for beginners while Day 2 will have Real Estate Investing and Stock Investing. Get more details below before you run out of time!

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We have been supporting the Money Summit & Wealth Expo since 2011 and our friend Heinz Bulos of Learning Curve Inc., was generous enough to give free tickets for our valued community followers and subscribers for Day 1 of the 8th Money Summit and Wealth Expo, which happens on July 17-18, 2015. Two (2) lucky blog subscribers will win two (2) tickets each. The deadline to join the contest will be on July 9, 2015 at 12:00am. Learn how to join below.

How to join:

1.Two (2) lucky subscribers will win two (2) tickets each (worth Php1,800.00).
2.Only e-mail subscribers of RockToRiches|BurnGutierrez.Com can join and win. If you are not yet a subscriber, you can do so through this link: Subscribe to BurnGutierrez.Com. (This is at NO COST for you! Absolutely free!).
3. Log in to Rafflecopter to get a chance to win these two tickets.

a Rafflecopter giveaway

READ: The two winners must confirm their attendance to the Money Summit on July 10, 2015. Failure to do so means the tickets will be forfeited and other winner(s) will be randomly drawn.
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Book your tickets now at “Superb Discount Rates” until July 12!
◾Day 1: Money Summit: PHP 1,800.00
◾Day 2: (Take note of promo for our readers below!)
◾Real Estate Investing Summit: PHP 3,500.00
◾Stock Market Investing Summit: PHP 3,000.00
◾*Promo: Enter Coupon code ANGAT or OFW to get Day 1 for free!

◾VIP ALL ACCESS PASS: PHP 4,500.00

* For those attending Day 2 (either real estate investing or stock investing conference), you can get Day 1 for free (valued at P1,800). Just enter coupon code ANGAT or OFW when you book your tickets at Money-Summit.com

For more information you may contact Learning Curve:
◾Telephone: 696-6981 and 570-7506
◾Email: info@money-summit.com
◾Website: www.money-summit.com

See you at the Money Summit and Wealth Expo 2015!