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Showing posts from January, 2019

Buying Travel Insurance? A Guide to Buying Travel Insurance

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A Guide to Buying and Using Travel Insurance:  Learn from my mistakes!  Find out  why  travel insurance is necessary ; where you can get appropriate, but affordable coverage; what to consider; and what you should do with it. Is Travel Insurance Really Necessary?  Travel is already expensive enough, isn't it? The cost of air fare, cruises, hotels, ground transportation, food and activities and entertainment are already high enough. I don't know about you, but I work hard for my money, and when I travel, I want to keep as much of my money in MY pocket as possible. Is travel insurance a necessity or a luxury? Why not cut a few corners here and there. Why buy something if it’s not really needed? My personal answer is, of course, that I am not independently wealthy and can’t withstand the potential financial losses if I require medical care while I’m traveling. Not being independently wealthy also means that I'm in the market for adequate but cheap travel insurance. I suspect

Solon wants lotto victor to have say on use of winnings tax

With the “live” lotto jackpot prize topping the P1.1-billion mark, a House lawmaker has proposed that future winners be allowed to have a say on how the government should spend the taxes collected on their winnings. Under Aangat Tayo party-list Rep. Harlin Neil Abayon III’s proposed measure, which he filed on Tuesday, any winner of a lotto prize over P10,000 may give instructions to the national government as to how the 20-percent tax on the prize money would be used. ‘Empowered winner’ House Bill No. 8418, or the Lotto Major Winner Empowerment Act, states that the lotto winner shall be “empowered to determine and specify in a notarized letter addressed to the President of the Philippines, the public school, public hospital, government scholarship or educational assistance program, government project, or barangay to which the final tax shall be allocated and spent.” Abayon said that under the current law, it was up to the national government how it would spend the tax fr