Insuring Money: How to Claim BPI Direct Save-Up Insurance Benefits from Ayala Life

Do you have a BPI Direct Save-Up account? You should have! It offers automatic savings and insurance benefits. You're availing of the advantages of "forced benefits" right now while you're still alive - as for the insurance benefits, your loved ones will experience them when you're already reached your demise. 

Yes, I'm such a romantic soul. 

Does your family know how to claim the insurance benefits once you leave the world of the living? This article helps them do so:

Life insurance is your family's umbrella.

Coverage of BPI Direct Save-Up account:

As a recap, the kind of insurance that the BPI Direct Save-Up offers is the life insurance. According to them, you:

Get FREE life insurance coverage with your Save-Up acount.  No medical check-ups or premium payments required.  The amount of your coverage is equal to as much as 10x your account balance* up to PhP 4 million!

• Basic Life: 5x your account's average MTD-ADB up to PhP 2 million.
   
• Accidental Death: additional 5x your account's average MTD-ADB up to PhP 2 million.
   
• Accidental Dismemberment: in accordance with the Schedule of Dismemberment Benefits, up to PhP 2 million.

While this is all fine and dandy, though, your family should still be aware of the process of claiming the actual benefits. Because I'm still happily alive, there's no way for me to explain this guide from experience. Therefore, I asked BPI Direct for their insight. 

How to Claim BPI Direct Save-Up Insurance Benefits from BPI-Philam: 

In the event of your untimely demise, your beneficiary is instructed to: 

1. Call BPI's customer hotline, 89100, to file for an insurance claim. He/She will then be provided with the list of required documents. 
2. Required documents may be in the form of death certificate of the insurance holder, claimant's statement, birth certificate or marriage certificate, among others. BPI will tell you the exact list of requirements in your case, though, as it will be on a case-to-case basis. 
3. After which, the documents must be submitted to: 

Customer Service Department, BPI-Philam Life Assurance Incorporated 

12/F, Ayala Life-FGU Center, 

6811 Ayala Avenue, Makati

After they have confirmed that they've accepted the documents, the insurance proceeds will be released to your beneficiary after 35 banking days - provided that the documents submitted are complete, though. 

A reminder: 

The insurance coverage takes effect upon the date of account opening and it will be deemed terminated on the first day of the 61st birth month of the Insured (account holder) or upon account closure of the account. 

There! Isn't the process of claiming BPI Direct Save-Up insurance benefits from Ayala Life simple enough? 

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Guest Post: 4 Ways to Avoid Debt for Newly-Weds

(This is a guest post from one of my friends, Penn Ross. He  is a financial writer who has profound knowledge on the financial industry. He is associated with Oak View Law Group. To know more about him, you can visit here. Thanks for sharing, Penn!)

Newly-weds should avoid incurring debt as much as possible. 

In marriage, as in life, there are no guarantees. Among the uncertainties you have to deal with is how to address your finances when you are already together...forever!

Whether you get married at the age of 20 or 50, you will certainly find yourself party to someone else’s credit card debt, student loans or even foreclosures. The very thought of marriage and longtime partnership with your spouse sounds super romantic!

Witty! But I don't think I agree...

However, consider this scenario: even though you might not have any monetary skeletons in your closet, once you get married, you have to take thoughtful decisions about your finances. If you want to avoid debt through options that are within your means, here are some personal finance tips that you might need to practice:

Don’t jack up your lifestyle: 

It is nothing but an erroneous belief that two can easily live as cheaply as one. Although it is possible to save money on home-cooked meals, rent and transportation, you should not feel that you already hit the jackpot when you’re able to save a few pesos (or dollars). Follow a budget and lead your life in a shoe-string budget so that you may have enough funds at your disposal. Avoid debt by avoiding common money mistakes.

How to Transfer Money from BPI Direct Save-Up to BPI Express Teller (Tutorial)

Do you know how to transfer money from BPI Direct Save-Up to BPI Express Teller?

If not, then, don't worry! Read on to know how to transfer money in 3 easy steps!

Please take note that this tutorial assumes that you already have a BPI Express Online account. Let's start, shall we? 

1. Log-in to your BPI Express Online account 

You do this by visiting the official website of BPI Express Online here.

After that, you need to click on Personal Login:

Then fill-out your log-in details appropriately:

2. Click on "Fund Transfer"

3. Fill out the required fields accordingly

Click "Transfer Fund" and confirm. Then, see if you've been shown the Fund Transfer Confirmation page. After that, you're done!

Now, wasn't the transfer of money from BPI Direct Save-Up to BPI Express Teller easy? :)

Don't hesitate to comment for any questions!

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Earning Money: Why do we need to earn money?

Money - what's the big deal with it anyway? 

Dough. Bread. Cheddar. Cabbage. Lettuce. 

What do all these items have in common? 

No, these aren't the items in my grocery list!

These are all slang terms for money.

That's right - today, we'll be talking all about our reasons for earning money. 

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Why?

My intention in producing this post is to help motivate you into earning money - without feeling guilty, without being lazy and without practicing procrastination! 

I desire for you to earn money for God, for you, for your loved ones and for the needy people just because! 

Feeling excited yet? Let's get started! 

How to Register Business Name at DTI Philippines

Today, we'll be talking about registering your business name with the Department of Trade and Industry (DTI) in the Philippines. 

When you've already decided on your business name by knowing how to name your business, the next step for you is to register it. 

Are you ready, entrepreneurs? 

Proper Agencies for Business Name Registration

Depending on your business structure, here are the following agencies that you need to get a certificate of business name registration from: 

• Department of Trade and Industry (DTI) – for sole proprietorship
• Securities and Exchange Commission (SEC) – for partnerships or corporations
• Cooperative Development Authority (CDA) – for cooperatives

For this post, we'll be discussing DTI business name registration. So, sole proprietors, listen up! 

Business Name Approval 

For your business name to be registered at DTI, it needs to be approved first. According to DTI, it's your responsibility to ensure that your proposed business name is NOT:

• To be used for business that is  illegal, offensive, scandalous, or contrary to propriety 
• (e.g. Popoy's Jueteng Betting Place, Boobs Massage Services);
• Identical or which nearly resemble business names already registered with government office authorized to register names 
• (e.g. Starbax Cafe, Nasyonal Bookstore);
• Composed purely of generic words 
• (e.g. Cubao, The Drinking Place);
• A name by which by law or regulation cannot be appropriated
• (e.g. Intelligence, State College, CALABARZON);
• Used to designate or distinguish or suggest the quality of any class of goods, articles merchandise or service
• (e.g. Best Sisig Factory, Top 1 Repair Shop);
• An abbreviation of names of any nation, inter-governmental or international organization
• (e.g. WHO Marketing, DTI Health Services);
• Misleading, deceptive or which misrepresent the nature of business
• (e.g. XYZ Marketing Services where the business is actually of business nature)

General Instructions in Registering Business Name 

You can either apply online or over-the-counter. I'd advise you to do over-the-counter instead so that you can be able to ask questions personally. Also, when I went there, most application forms of online applicants were misplaced so it was actually inconvenient. We'll be talking about OTC business name registration at DTI here.