Why Invest In A Single Premium VUL vs Mutual Fund and UITF by Nick Raquel

You have at least P500,000.00 in your bank deposit account and are planning to invest it in an investment that would help you make your money work for you. You were brought to several options, and you have ended up choosing between a Single Premium VUL, a Mutual Fund, or a UITF.

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Now, you’re confused.

First off, the listed options are all pooled funds managed by professionals called fund managers. In investing in either of the three, you will be asked whether you’ll want to invest your money in an Equity Fund, a Bond Fund, or a Balanced Fund.

They are the same in almost all aspects. Their difference lies on the structural aspect. Single Premium VULs are offered by insurance companies, thus, are regulated by the Insurance Commission (IC).

Unit Investment Trust Fund, popularly referred to as UITF, are offered by banks and managed by their trust department. The regulatory body is the Bangko Sentral ng Pilipinas (BSP).

Mutual Funds, on the other hand, are managed by Investment Companies and are regulated by the Securities and Exchange Commission (SEC).

I know, stating those differences doesn’t bring up any clarity in your decision making. Now, let’s talk about benefits.

mf vs. spvul

Photo credits by Life Insurance Hub by Nick Raquel

BENEFITS OF INVESTING IN SINGLE PREMIUM VULS OVER MUTUAL FUNDS AND UITF.

The truth is, there’s really not much difference between a mutual fund and UITF in terms of benefit. For discussion purposes we’ll just compare Mutual Funds and Single Premium VULs.

Allow me to use Sun Life’s Maxilink One as a sample for Single Premium VUL, and Sun Life’s Prosperity Fund for Mutual Fund.

Here’s the situation. You have P500,000.00 to invest in a 10 year time frame. You are inclined to investing in an Equity Fund, you’re just not quite sure whether to choose a Mutual Fund (or UITF) or a Single Premium VUL.

Now, you decided to look at the numbers.

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Let’s assume that in both funds, the average annual rate of return is 10%. Both funds, Mutual Fund and Single Premium VUL, uses a backend fee system of 5%, diminishing by 1% yearly (If investment is redeemed in the first year, charge is 5%, if on second year, 4%, and so on and so forth. Redemption of investment after the 5th year no longer have a redemption charge.)

INVESTING IN MUTUAL FUNDS

 
YEAR FUND VALUES
1 550,000
2 605,000
3 665,500
4 732,050
5 805,255
6 885,781
7 974,359
8 1,071,794
9 1,178,974
10 1,296,871

Projected fund value of the mutual fund investment after 10 years is P1,296,871. Mutual Funds are very flexible that you can withdraw your investment anytime without being bounded by holding period. However, there are sanctions for early redemption.

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INVESTING IN SINGLE PREMIUM VUL

 
YEAR CHARGES FUND VALUES
1 266 548,615
2 168 602,146
3 137 660,995
4 102 725,608
5 61 796,537
6 18 874,399
7 959,872
8 1,053,700
9 1,156,700
10 1,289,986

At year 10, the projected Fund Value for a Single Premium VUL is P1,289,986.00. The difference of P6,885.23 to the fund value of Mutual Fund is attributable to the insurance charges for the Single Premium VUL. Investment benefits are identical for Mutual Funds and Single Premium VUL.

Looking at the projected 10 year fund value, you might be concluding that it’s best to invest in mutual funds because it’s higher than Single Premium VUL by P6,885.23.

BENEFITS OF A SINGLE PREMIUM VUL OVER MUTUAL FUNDS, UITF, BANK DEPOSITS, AND REAL ESTATE INVESTMENTS

It is an insurance product. Thus, the minuscule difference of P6,885.23 is really very immaterial compared to the benefits it could provide to the investor (or beneficiaries of investors).

I. Minimum Death Benefit. The death benefit for a Single Premium VUL is then higher of 125% of Single Premium or the Fund Value. In our illustration, it is the higher of P625,000 (P500,000 x 125%) or the current Fund Value of the investment.

This means that in the event a policyholder (investor of a Single Premium VUL) dies while the fund value of his investment is lower than P625,000, his beneficiaries will still receive the minimum death benefit of P625,000.

Say the fund value of the invested P500,000 at the time of death is P400,000 (market declined significantly), the beneficiaries will still be receiving the GUARANTEED minimum death benefit of P625,000 (as long as no withdrawal was made in the fund).

Or lets say the fund value at the time of death is P800,000 (market rises significantly), the beneficiaries will be receiving P800,000, which is higher compared to the minimum death benefit.

In case of a Mutual Fund or UITF, the people left behind will receive only the fund value, regardless if it is higher or lower the the amount invested.

II. Liquidity upon death. While all other assets (investments including Mutual Funds, Stocks, Cash Deposits, and Real Estate) will be frozen by BIR until the appropriate taxes are paid, investment in a Single Premium VUL are readily available to your loved ones. The reason behind this is that Single Premium VUL is still an insurance product.

If you have defined an irrevocable beneficiary, your investment becomes tax exempt (tax-free).

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THE BOTTOM LINE AND FINAL RECOMMENDATION

On a more holistic financial planning perspective, I am recommending a Single Premium VUL over investing in Mutual Funds and UITF. It is a great tool to use in planning your Estate while having the ability to enjoy your investments while the investor is still alive, contrary to other insurance products wherein the benefit focuses upon death, including a Regular Pay VUL in it’s infancy years.

The only barrier to entry in using a Single Pay VUL is its price point – you’ll be needing a much higher initial investment compared to a Mutual Fund wherein you could start with just P5,000.

Here is my recommendation. If you have the funds and are thinking to invest in a managed fund, then go for a Single Premium VUL. Period. (Well, unless you are already FULLY INSURED)

THIS IS A REPOSTED ARTICLE – ORIGINALLY  PUBLISHED BY :

MR. NICK RAQUEL  OF SUN LIFE AND LIFE HUB PHILIPPINES.

 

 

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CLICK THE PRU LIFE UK LOGO FOR INQUIRIES REGARDING INVESTMENTS AND LIFE INSURANCE

 

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About The Editor-In-Chief of Think Philippines!

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Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.

Thank you for supporting us.

 

 

VIRAL : Top 3 Tips On How Not To Die Poor In The Philippines

Mabuhay Filipino Thinkers!

In this article, we are going to share with you the “Top 3 Tips On How Not To Die Poor In The Philippines”.  The title is strong and don’t worry, it was really intended to be that way. We are sure that like the 90% of the Filipinos out there you are also scared of dying too soon or living too long without any credible financial capacity either for the purpose of settling your medical bills or as “pamana/inheritance” to your heirs and family members.

So, let’s go! Read,re-read and take action!

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#1 HAVE AN EMPOWERING FINANCIAL GOAL –   We put it in #1 for a simple reason, we need to know the “finish line” of our race, we need a point of validation. However, you need to make sure that your goal should be directly relevant to your financial position and it will empower you enough to reach your other life goals. Why? Imagine this, you can be the most intelligent lawyer in the Metro Manila but all your cases are pro-bono ( free of charge ). How can you survive then? Always remember that in order to be financially sustainable one should have a credible source of income. You will only have one life, do you want it to be a financially poor life? Of course not! Always remember, money is not everything but life without money is often times unhappy. Trust us, just make a financial goal and do it on a way that is time bounded i.e. “I want to have PHP 10,000,000.00 when I reach 30, on top of a monthly income amounting to PHP 500,000.00 a month”.

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#2 TALK TO A CREDIBLE AND AN APPROACHABLE FINANCIAL WEALTH ADVISOR/PLANNER ON HOW TO ACHIEVE YOUR FINANCIAL GOAL  –  You are reading it right, not all Financial Wealth Advisors are the same. In the end, it will go down to the above average level of attention and commitment they are willing to share with you and towards  your family’s financial goal. A trained Financial Wealth Advisor /Planner should assist you to organize your finances, retire debts,increase your revenue/income streams and introduce you to credible financial investment vehicles on which you can maximize the current value of your money. My piece of advice, pick someone whom you will not be shy or intimidated to share your goals may it be running for the Presidency of the Philippines or saving for a Jollibee business franchise.

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#3 CREATE A PLAN B, MAKE A RETIREMENT PLAN –  Okay, so you are done having a financial goal and it is impressive. You are also done talking to all the right people who can empower you on reaching these  goals but what if you fail hard? What if you got bankrupt at the age of 60 years old? There are a lot of investment vehicles that can empower you to have a backup plan in any case that things may not go well in accordance to your plan. Probably, it is about time to google and introduce yourself to a Variable Universal Life (VUL) Insurance that may fit your current financial capacity and future plans. There are VUL plans on which you will just set aside an investment worth  PHP 10,000 a month for 180 months or 15 years and you can enjoy numerous benefits like an insurance coverage for accidents and death, critical illness provision that in the event you will be diagnosed with a critical illness  indicated in your plan  you can get more than PHP 1,000,000.00 in lump sum cash and still be able to secure around PHP 3,000,000.00* after 15 years or 180 months on top of a guaranteed PHP 1,000,000.00 death benefit since day 1 of your first cleared payment with your VUL plan. Not bad, right?
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Total cost : PHP 1,800,000.00 in 180 months or 15 years yet you are covered from the first day that your contract was processed and approved on top of  a bigger chance of getting more than PHP 3,000,000.00* in return after 15 years.

*Subject to future equity market conditions, computed at a conservative rate of 10% return of investment per annum in 15 years or 180 months including the premium charges et al.

 

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CLICK THE PRU LIFE UK LOGO FOR INQUIRIES REGARDING INVESTMENTS AND LIFE INSURANCE

 

SUGGESTED ARTICLES THAT YOU MAY LIKE :

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About The Editor-In-Chief of Think Philippines!

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Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.

Thank you for supporting us.

INFOGRAPHICS : What is Mutual Funds?

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SUGGESTED ARTICLES THAT YOU MAY LIKE :

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About The Editor-In-Chief of Think Philippines!

1
Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.

Thank you for supporting us.

MARKET OUTLOOK : Vantage Point by PhilEquity | Team Think Philippines

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MARKET OUTLOOK : CAUTIOUS

STRATEGY : HOLD AND CLOSELY MONITOR MARKET

TRADING STRATEGY : The market continues to consolidate between 6,800 and 7,200. We remain cautious on the market as we monitor it for signs of decoupling, reversal of foreign flows and stabilization of foreign markets. 

After a savage and volatile 3rd quarter which saw the PSEi fall 8.9%, the market is off to a good start. We note that not only did support of 6,800 hold, but there have been 3 straight days of net foreign buying. It remains to be seen if this is a trend, but it is nonetheless a positive sign.

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In the US front, equity indices had their biggest bullish one-day reversal since 2011.

After falling more than 1% on a below forecast jobs report, the S&P closed 3% above its intraday low. Strong price action despite bad news is also a bullish sign. We expect markets to remain relatively quiet in the near term as China is still on a week long holiday.

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Until the Fed raises rates and growth concerns ease, we expect volatility to persist. Some multinational banks and multilaterals also released a report downgrading Philippine growth drastically. Given that our first major correction was due to GDP growth disappointment, we have to closely watch for any possible deterioration in economic data.

SOURCE : PHILEQUITY


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About The Editor-In-Chief of Think Philippines!

1
Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.

Thank you for supporting us

3 Things That May Happen When Grace Poe Gets Disqualified | Team Think Philippines

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Just two days ago, after Sen. Grace Poe-Llamanzares declared her Presidential bid, a Liberal Party Mayor got disqualified for being an “American” then after a couple of hours, we are flooded by legal question regarding the possible implication of the recent SC ruling to the pending motion for the disqualification  case of Grace Poe-Llamanzares in the Senate Electoral Tribunal (SET). In line with those questions, we are going to write about the probable things that may unfold upon the successful disqualification of Sen. Grace Poe-Llamanzares.

LEARN MORE : Supreme Court (SC) Disqualified A Municipal Mayor In Lanao For Being An American Citizen

  1. Dick Gordon will be a Senator. The #13th placer during the recent Senatorial Election will have a higher chance of replacing the #1 placer in the persona of Sen. Grace Poe-Llamanzares.
Source : Google Images

Source : Google Images

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READ MORE : POLITICAL OP-ED : Top 5 Reasons Why I Am For Dick Gordon This 2016 | Think Philippines!

2. President-Mayor Erap may run and win for the second time.  Based on his historical performance last Presidential Polls in 2010; no one can deny that the old guy born in Tondo, Manila is still a force to  reckon with. Given that Mayor Duterte will run this 2016 for Presidency, it will be a 4 way fight between Duterte-Roxas-Estrada and Binay.

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From there, we can all have a better picture on what may occur, Last 2010,the current Mayor of Manila managed to corner an est. 10m  votes despite Manny Villar’s effort to lure the C-D-E voters. Do you think Binay can beat Estrada to corner C-D-E votes? Be the judge!
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3. Sen. Allan Cayetano, Sen. Trillanes will have a good fighting chance to run for  Vice President. Without Grace Poe definitely Chiz Escudero will not have a good chance to  win as a spare tire President , let us face it — the guy isn’t that popular anymore vs 2010. No explanations needed,full stop!

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About The Editor-In-Chief of Think Philippines!

1
Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Wealth Planner at FWD Life Philippines
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.

Thank you for supporting us

Top 6 Money Tips For Your 2016 by Team Think Philippines

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“If you always do what you’ve always done, you’ll always get what you’ve always got.”
– Henry Ford

1. Become your own CFO.
You can’t fix what you don’t know, so the first step is becoming completely aware of your finances and where your money is going.

As soon as you start to understand your current situation in detail, you will be able to identify leaks and simple solutions that will help get you on your way.

Nobody cares more about your finances than you do (not even a financial adviser), so it is on you to take control of your financial future and direct it to where you want to go.

2. Go on a diet.
I’m not talking about what you eat. Identify one expense that isn’t helping you achieve your goals, and cut it out for 30 days.

A simple expense to choose is cable television. The average American watches more than five hours of TV every day. That is thousands of dollars and thousands of hours often wasted each year!

Try a TV (or other guilty pleasure) diet for 30 days, and use that time and money on something more beneficial. I’m sure you’ll survive without it just fine.

3. Be selfish.
When you get on an airplane, what do they tell you during the safety instructions? “Put your own mask on first, and then help the person beside you.”

It should be the same way with our time and our finances. Be selfish and take care of yourself first, and then you can have more flexibility to take care of others. The problem is that so many of us put others first and then aren’t able to help ourselves.

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4. Be selfless.
Although you want to be selfish with your time and money at first, you also want to be selfless with your attitude. The wealthiest entrepreneurs I know give, give, give, and focus on helping others. By doing so, more money shows up in return.

Focus on impact and income will result.

5. Improve your credit score.
Credit is boring and I hate to talk about it, but it does make a difference. Think about it: Most of life’s biggest expenses are purchased on credit. It’s important to start to take care of it now because there is going to be a situation in the future where you’ll wish you had.

The way to improve your credit score again starts with awareness. Get your free report each year from AnnualCreditReport.com and find out if there are any items that are directly hurting your score (which you can get for free at Credit Karma, Credit Sesame, or Credit.com). Address those now and you’ll save yourself many thousands in the future.

6. Define what true wealth means for you.
In the dictionary, wealth is defined as “a large amount of money and possessions.” However, when you ask someone who is truly wealthy, you get a completely different answer.

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About The Editor-In-Chief of Think Philippines!

1
Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Wealth Planner at FWD Life Philippines
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.Thank you for supporting us

OPINION : 10-Point Solution For A Fatal Traffic-free Metro Manila by Team Think Philippines!

Photo Courtesy of Google Images

Photo Courtesy of Google Images

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Top 10 Think Philippines suggestion on how to ease the traffic at EDSA, Philippines.

  1. Make the registration of older cars more expensive. Do we need to explain furthermore?  Older cars especially those involved in public transportation business like UV Express, PUB/Business, PUJ/Jeepneeys are both health and environmental hazards. Also, many of these old cars are irresponsibly eating up a lot of space at our public roads.  Philippines should start having a policy like successful countries overseas that when your vehicle of choice reached a certain age the  registration cost will be more expensive. If you want to maintain a vintage car as an enthusiast, well the assumption is that you must have a spare money to be a “responsible” vintage car collector.

    Source : Google Images

    Source : Google Images

  2. Modernize the public transportation industry in the Philippines. Yes, it is possible! We have money for that. If we can afford billions of peso worth of asphalt relaying project for the “election fund raising initiatives” of various traditional politicians in the country, perhaps it is time to introduce a better version of PUJ and PUB? Give a 3 year plan to do a “Jeep mo,Palitan ko program”, is it impossible to make this jeepneys the king of the Philippine roads again? NO. We can do it, make all these aspiring jeepney drivers an operator of their own vehicle by offering it for a 5 year fixed interest loan program similar on how the Pag-Ibig is doing it for the mass housing sector.2
  3. Every Local Government Unit (LGU) should have a road network master plan studied and endorsed by NEDA — they  should mandated to  stick with it regardless of  any changes in the administration. Why? The problem in our road networks is the lack of continuity. Let us face it! Not all the elected LGU officials are responsible and efficient executive leaders. Instead of us (tax payers) continuously subsidizing various “illegal fund raising initiatives masquerading as asphalt relaying projects” come election time perhaps it is a good time to introduce a sustainable road network masterplan directly in every LGU in the country.

    Source : Google Images

    Source : Google Images

  4. Stop appointing lawyers as the head of  MMDA and the Office of the President should stop politicizing it!  I believe everyone in their right mind who is not earning from this administration’s shenanigans will agree with us on this. We are already flooded by lawyers in our government, we should try Engineers also. We need responsible, efficient and pragmatic engineers to solve our technical problems. Politicizing MMDA will bring more harm than good in the country and also administering MMDA is beyond policy making, we need technical expertise backed by a strong vision. Minus the allegation of corruption scandals, I bet everyone is missing the spunky Bayani Fernando in the MMDA.1
  5. Crush cars and demolish illegal businesses that is being left unattended on our road networks for more than one week. No explanation needed, road networks aren’t private property nor an extension of your backyard. Some lucky individuals especially in Metro Manila should start acting like a true responsible and accountable citizen.21
  6. Strict implementation of the law. We have a lot of good laws and ordinance, however there is one thing left missing that we are often neglecting —PROPER IMPLEMENTATION!
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  7. Support the proposed bill of Representative Win Gatchalian that requires a parking lot for all aspiring car buyers. Isn’t simple? Where will you park your car then? Okay, assuming that you do not have a parking space in your condo or house, you must be obliged to show the car dealership  a proof that you have a binding contract of a car parking lease agreement.This is an unpopular move but very pragmatic, are we one of the reasons why Metro Manila’s traffic is a big mess? Is it because most of us do not care about the welfare of others.1
  8. Modernize our train system and network. No explanation needed, a successful country should have a good train system to help augment the demand in PUJs/PUBs.1
  9. Introduce double decker buses in EDSA. Not only we can save road space, we can also improve the welfare of most women, elderly and children who are all riding buses at their own risk.1
  10. Follow Bayani Fernando-era solution in EDSA traffic that requires the consolidation of all bus terminals in the Metro Manila into North-Central-South Bus Terminals and closure of unauthorized Bus Terminals in EDSA. What does it mean? No more rushing bus drivers to get passengers in almost every corner of our country’s busiest road : EDSA.1
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About The Editor-In-Chief of Think Philippines!

1
Edwardo Miguel Guevarra Roldan

  • Managing Partner at Princeton Business Initiative
  • Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
  • Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
  • Financial Wealth Planner at FWD Life Philippines
  • Financial Investment Advisor at Rampver Strategic Advisors

(+63) 927 646 0088 WhatsApp/Viber/Philippine Mobile Number

edwardomiguelroldan@gmail.com

http://www.fb.com/ThinkPhilippinesBlog

Note :

To post articles here at Think Philippines, you may email it to: isangsamahanisangpilipinas@gmail.com or by simply commenting it on the field provided below.

Thank you for supporting us