Category Archives: Investment

SSS Loan condonation: Easiest Way is through Online Application

SSS Loan condonation 2012 was launched last April 2. I was one of the SSS members who wanted to apply for loan condonation. It was almost five years ago when I stopped paying my SSS loan because I turned to be a self-employed individual working from home.

Although I have been very busy and stopped paying the remaining SSS loan, I did not stop paying for my SSS contributions. From employed, I voluntarily pay my SSS contribution as self-employed or voluntary. With the SSS loan condonation program this year, I was able to successfully apply for a loan condonation.

I know most of you are wondering what is the easiest way to apply SSS loan condonation. It is very simple. Before, I thought that I have to go to the SSS branch and wait for the long line. Now you can easily apply SSS loan condonation  online.

How to apply SSS loan condonation online? Application for SSS loan condonation online is so easy to do with these simple steps. Continue reading

List of financial insurance in the Philippines

We do not know what’s ahead in our future, whether good or bad. On the other hand, it is in the nature of every man to feel the security of their future especially when we are holding another life’s responsibility because we feel that we need to protect them and so insurances sprout like mushrooms.

List of financial insurance in the Philippines 

  • Philam Life. The Philippine American Life and General Insurance Company (Philam Life) is the largest life insurance company in the Philippines and that they want to attend the financial needs of Filipinos . Life or accident protection, savings, health insurance, investment, OFWs, retirement, or the very famous educational plan, Philam Life would bring us the proper managing of our wealth. The company has obtained several awards proving for their excellence.
  • Sun Life of Canada (Philippines), Inc. Continue reading

Insular Life: College Provider and Sure Cash for Kids

Getting your child the best education is a challenge that every parent is willing to take. Quality education is essential in achieving their big dreams in the future. This is why, in the midst of growing financial worries, parents work doubly hard to prepare for their children’s future educational needs.

Family savings may not be enough to cover college tuition fees and other expenses especially with the increasing school expenses every year. Many parents try alternative ways to earn extra income such as putting up small business and taking extra part time jobs.  Some prefer    investing in companies which have made a mark and have a proven track record in the industry, like Insular Life. These are good options to consider in getting profitable investments that offer better returns.

Insular Life remains to be the largest Filipino life insurance  company, celebrating 101 years of unparalleled and continuous service to old and new generation of Filipinos.

Direct Marketing plans 

  • College Provider is a 5-pay educational plan that provides a college cash fund for your child at age 17. It also provides a life insurance benefit for your child equivalent to the college fund until he reaches age 21. On top of this, College Provider has a built-in waiver of premium payments, wherein the policy will be considered fully paid should the parents or the payor meet an untimely death or suffers from total and permanent disability. The policy will then provide a pre-college cash allowance equivalent to 10% of the face amount until age 16 to finance for your child’s elementary and high school education.
  • Sure Cash for Kids is a 5-pay, 15-year savings and investment plan for your child that offers guaranteed yearly cash payouts and lump sum cash benefit with built-in life insurance protection. Yearly cash payouts equivalent to 10% of the maturity value will be given from the end of the 5th policy year to the end of the 14th policy year amounting to 100% of the maturity value. A lump sum cash benefit equivalent to 100% of the maturity value will also be given at the end of the 15th policy year. Your child is also covered with a life insurance protection for 15 years with the face amount increasing to 200% on the 4th policy year up to the 15th policy year.

Saving for your child’s education is a top priority, so preparing for it now can save you from possible financial troubles in the future.  Address your child’s needs today.

For more details on College Provider and Sure Cash for Kids, call Insular Direct at 878-1818 local 5403 or 892-3171 or email then at 

What should you do if you are SSS Self-employed/voluntary members?

When I got married and separated from my employment, I started paying my SSS contribution as voluntary member. The coverage of being a voluntary member takes effect when I resumed payment of contribution. Let me share more details about the coverage of SSS Self-employed/voluntary members. Continue reading

SSS payment deadlines for contributions and member loans

Awareness is important. Most of my articles and posts here aims to help individual awareness. One of the main duties and responsibilities of an SSS member is to pay their monthly share of contributions and ensure that these contributions are remitted to the SSS by their employers.  For self-employed or voluntary members,  you should pay  monthly contributions using SSS Form RS-5 (Contributions Payment Return Form) monthly in accordance with the prescribed schedule.

SSS payment deadlines for contributions and member loans

new sss payment deadlines
New SSS payment deadlines for contributions and member loans

When I stopped my regular office work, I started to update my SSS contribution from employed to voluntary. SSS can be consider as a good investment. As a voluntary member, I prefer to pay quarterly for my SSS contributions. We should know the payment deadlines so our contributions will be updated. To avoid the rush and missing payment contributions, it is best to pay in advance. When you pay directly at SSS bayad center, automatically your payment will be posted within the day.

Pag-IBIG Housing Loan Restructuring and Penalty Condonation Program 2012

Pag-IBIG Housing Loan Restructuring and Penalty Condonation Program is a special program that aims to assist delinquent borrowers/installment buyers to preserve their properties from foreclosure or cancellation of Contract-to-Sell (CTS) by providing them the opportunity to update or restructure their accounts under affordable terms. The program runs for a limited period only so it is important to avail this special program if you have delinquent loan from Pag-IBIG.

Pag-IBIG housing loan borrowers/installment buyers whose accounts are in arrears for at  least three months may apply for loan restructuring and penalty condonation. The Pag-IBIG Housing Loan Restructuring and  Penalty Condonation program is ongoing until 30 June 2012 so members can already file their applications for loan restructuring and penalty condonation. Applications filed after 30 June 2012 will be processed for loan restructuring but members will no longer qualify for penalty condonation.

There is a down payment required based  on mortgages/installments conditions.

Where to file the Pag-IBIG Housing Loan Restructuring and  Penalty Condonation Program application?

  • For NCR accounts, borrowers can file their applications at the Billing and Collection I or II Departments at the 2ndfloor of JELP Business Solutions Building, 409 Shaw Boulevard, Mandaluyong City.
  • Borrowers whose accounts are with Pag-IBIG branch offices in the provinces can file their applications with the branch’s Housing Division.

The borrower has to fill out an application form for Loan Restructuring and Penalty Condonation. Pag-IBIG will also require borrowers who are over 60 years old at point of application and those whose outstanding loan obligation is over P2 million up to P3 million pesos, to accomplish a Health Statement Form.

For more details, you may contact:

Billing and Collection I Department
12th Floor JELP Business Solutions Building 409 Shaw Blvd., Mandaluyong City
Telephone Numbers 654-7276 or 654-6559

• Billing and Collection II Department
12th Floor JELP Business Solutions Building
409 Shaw Blvd., Mandaluyong City
Telephone Numbers 654-7241 or 654-7294

• the Pag-IBIG Fund provincial branch nearest you.

You may also contact the pag-IBIG Call Center at 7244244 (Metro Manila), email at, or visit at their website, at


SSS Online enrollment benefits

Make the most of your SSS membership through the my.sss registrationMy.SSS is an online service portal that allows SSS members exclusive access to their contributions and membership records, make online transactions, set appointments with their SSS servicing branch, and request copies of their records, as needed.  There is also a Members Forum wherein members may discuss SSS-related issues.

my.sss online registration benefits

my.sss online registration benefits

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SSS can be consider as a good investment

Social Security System (SSS) in the Philippines is required to every Filipino employees, employers and are recommended to self-employed or voluntary.  It is consider as good investment because there are good social security benefits covered depending on the type of membership and premiums.  The social security benefits that members can avail depending on qualifying conditions are sickness, maternity, retirement, disability, death and funeral.

If you are employed then it is the responsibility of the employer to manage and submit your contributions to SSS but if you are self-employed or voluntary then it is your duty and responsibility to pay  your contributions to SSS.

SSS schedule of contribution
SSS schedule of contribution and monthly salary credit

For self-employed or voluntary SSS members, you can choose your monthly contribution based on the range of compensation. The bigger monthly contributions you pay means the bigger premium benefits you can avail.

SSS payment deadlines  for contributions and member loans.

SSS amnesty/ condonation program launch on loan penalties 2012

Good News!  The New Social Security System (SSS) member loan penalty condonation program for individual members will be launched starting on April 2. SSS Members such as employees, self-employed workers and voluntary members with overdue loans can settle their unpaid principal and interest without paying the full amount of penalties under a new amnesty program. I am so glad with this amnesty program and I believe that it will help a lot of delinquent members.

SSS amnesty condonation program 2012
SSS amnesty condonation program 2012, credit SSS

According to SSS President and Chief Executive Officer Emilio de Quiros, Jr.Continue reading

How to qualify for a Pag-IBIG housing loan?

Before a PAG-IBIG member avail of a housing loan under the PAG-IBIG End-User Financing Program, it is important to check if he/she is eligible to apply. There are certain requirements to meet for the PAG-IBIG housing loan. The requirements are listed below as follow: Continue reading