Monday, May 30, 2016

On Shady Marketing Practices: Manila Bankers Life Insurance

I received a call from an unknown number on my cellphone last Friday and this was how our conversation played out:



Manila Bankers Life Insurance (MBLI): Good afternoon ma'am Clemens, this is _____ from Manila Bankers Life Insurance and I'm calling you today to inform you that in celebration of MBLI's anniversary, you won an educational scholarship and health and wellness GCs.

Me: How did you get my number?


MBLI: You were recommended by one of our partner banks: BPI, BDO, Metrobank, RCBC, Security Bank, EastWest Bank, PNB, LandBank etc.


Me: What's this about?


MBLI: As I said, you won an educational scholarship and health and wellness GCs which you must claim today or tomorrow from our office in Makati.


Me: All I need to do is claim it? There will be no product presentations, no seminars etc?


MBLI: Yes mam, you just need to pick them up at our office today or tomorrow and bring 2 valid IDs and a bank ID with you.


Me: Sorry but I can't make it.


MBLI: Are you sure ma'am? Sayang naman ang scholarship and health and wellness GCs.


Me: I'm sure. Thanks for calling!



I made a quick search of Manila Bankers Life Insurance and was surprised to see the numerous incendiary comments and allegations of fraud:


Saturday, May 21, 2016

ICON 2016

If you are a long-time reader of my blog, then you already know how much premium I place on financial education. So much so that I shelled out good money to take a certification course even if it had no direct correlation to my present career (It's the learning, stupid!). But I had fun and it fed my personal finance geek side, so I therefore conclude that it was money well spent.


However, if you are similarly interested in expanding your knowledge on personal finance, investments, entrepreneurship and all things money related, there's no need to spend a pretty penny because there are other ways to get your geek on, such as attending one day seminars like Randell Tiongson's ICON 2016.


Sunday, May 15, 2016

Rethinking My Education Bias

My son celebrated his third birthday today, and when I think about how much it will cost to send him to a good high school and college, I kind of die a little inside when I look at the figures. Heck, I don't even have to look that far ahead into the future because just a quick survey reveals that the private schools near us have tuition fees ranging from Php80,000 to Php150,000 per year for pre-school, elementary and high school. Double ulp.


However, I've been representing my boss in various state universities and colleges (SUCs) board of regents meetings this past year and doing so has opened my mind to the fact that we actually have a lot of good PUBLIC schools in the country. Prior to joining the Senate, I was under the impression that there were only a handful of schools that mattered, namely: UP, Ateneo, La Salle, UST, FEU and San Beda. All the other schools were mere blips and produced unremarkable graduates who could not be counted to contribute anything substantial to our society. Yeah, I was a full-blown, ignorant snob.


Tuesday, May 10, 2016

Forward and Onward

I've been working on a post for the past few days, but it seems silly to talk about education and tuition fees when the whole country is abuzz with election fever. I have consciously avoided making any political statements because I didn't want to play partisan politics, specially since my position makes it super easy to do so. But the votes have been cast and there's no choice now but to wait for the official results.