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Last week I wrote about “How it Happened” explaining the medical emergency that befell me in March and this is an excerpt straight from the article: “My memory was gone, I forgot how to use my computer; or even how get money from the NFCU” Which brings me to an article I wrote last year about giving your wife an emergency bank account to help her through the time it would take to have money start flowing again if you die or forget how to use your Puter. The article was written in 2014 and named “It Got Me Thinking” Please take the time to read it; it might help out your loved ones in the future.

bank-vaultFortunately for team Thompson I practice what I preach. Mayang had ample money to live on while I was down for the count for two point five months, sitting in her private account at her bank here in the Philippines. My medical was covered by Tri-Care, but there are incidental costs that she also had the cash to cover. I rest my case on that subject; start her/him an account right away as one never knows what life will chuck in your path.BTW if anyone want\s to grumble about Tri-Care don’t tell me as I won’t listen, it treated me well and paid the bills on time. Obamacare could learn a lot from tri-care.

How to Move to the Philippines Manual

About my friend Ron who passed in 2014 and was the subject of my article, his wife eventually came out very well; the two school age children were granted Social Security. His bank accounts were opened back up to her six months later. Ron’s Life Insurance from the government (Military Sealift Command) kicked in 9 months later but not as a lump sum, she is paid a living amount monthly. Ron knew about her friends in the Philippines whom will need loans would have her broke in a month. (Gifts being the proper word for loans) so he made sure there was no lump sum payout.

But while waiting for the accounts to reopen, one car had to be sold to have money to live on for the time involved while waiting on the United States to start paying, and she borrowed from friends, which she paid back as soon as possible.

So the story worked out for the best. But had she had the account, it would have been smoother during her time of grief and confusion. The first week after Ron passed she didn’t have the money for the cost of the funeral.

LandbankThis is my cautionary tale of woe, and what can happen if you do not prepare, yes I know that most wives here are thought about and plans for the future are in place, but there is that time involved while it all falls into place that I’m pointing out.

And “NO” my future articles will not be all doom and gloom and lectures about health and stuff, I moved a normal Paul article until next week so I could slip this in and move on to brighter days, But once more this seemed important and hearing it firsthand might make one reader take action to protect themselves and their family then my time will be well spent.

The downside to my plan! (And there always is) Is that now I have to refill her account, and I’d not planned for that. But this is the Philippines and Murphy has an I-card and lived here before us! I was just proving that sometimes I’m right!

I swear: there will be humor next week or your pesos will be cheerfully refunded! (By Bob)

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Paul Thompson

Paul Thompson; has resided in the Philippines since 1993, living close to Subic Bay. I’m married to a wonderful girl named Maria (AKA Mayang).Who is from Gordon Heights in Olongapo where she grew up with her Mom & Dad and seven siblings Our two daughters are both grown up and have left the nest, the eldest married to a wonderful guy named Chris, and they have blessed us with our granddaughter Heather Colleen Our youngest daughter and her husband Cecil have blessed us with a grandson named. Jayden Logan. I’m a retired U.S. NAVY Senior Chief after 22 years of active duty. After retirement from the Navy I lived for 7 years in Puerto Rico as a Night Club owner. Then Hurricane Hugo told me to find a new line of work, I was hired by Military Sealift Command and went back to sea in Asia as a Merchant Seaman for 10 years. After 30 plus years at sea I buried my anchor on a mountain in the Philippines and am now residing in Dinalupihan (or DinBat for short), Roosevelt, Bataan where we built our home. And last but not least, anything I writes will be pure "Tongue in Cheek "If anybody is offended, I'll lose no sleep over it, but here's a quick Mea Culpa in advance!

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bigp
bigp
6 years ago

Good advice. No matter where or when the emergency takes place it will definitely screw up everyday normal living. If no planning has been done it usually turns into a disaster.

Ronald
Ronald
6 years ago

Love your attitude. ,you are so right for older generation. We all need plans because the good will end some day for all of us and we need to take care of out loved ones because no one else will.

May you get stronger by the day so you can write more words of wisdom !!

Rusty
Rusty
6 years ago
Reply to  Ronald

Planning even when one is young is needed, right?

PalawanBob
PalawanBob
6 years ago
Reply to  Paul Thompson

Considering what’s going on in US, house ownership is still not enough security these days. A solar power supply and a vegetable garden should be part of the plan as well. The best of course is a business with decent income. Unfortunately, most people consider that the US will remain an endless cash cow and the security for the widows. It won’t…!!! Big mistake, don’t count on it! Cracks are everywhere, the system is crumbling… it’s unsustainable. If you don’t see it or hear it, it’s because you are blind and deaf or is it because you prefer the ostridge… Read more »

PalawanBob
PalawanBob
6 years ago
Reply to  Paul Thompson

Looting won’t happen here. Unlike most, I thought that you understood what happened on the 9th of May. But it could be because of your recent health issues.
The Irish are usually wide awake and they are known to recognise the smell of the coffee ahead of the herd.
I am being very subtle in my message, I can’t possibly explain here what’s trully going on. I already tried and I failed miserably.
A few ‘know it all’ clowns brushed me off without offering any valid arguments and made me conclude that I couldn’t possibly help anyone.

Rusty
Rusty
6 years ago
Reply to  PalawanBob

When, Palawan Bob, will it crumble. Tomorrow? December 31st, 2016? Next Year? 5, 10,15,20, 25 years from now?

Will the US merely change philosophically/politically. Or go away entirely?

Hasn’t the US changed greatly since 1950/1960?

Rusty

PalawanBob
PalawanBob
6 years ago
Reply to  Paul Thompson

The best answer I can give is this;
I have known the date of SHTF for the last seven (7) years.
I even made an effort and wrote a letter last year, personal message, to MindanaoBob explaining what’s going on and when it will hit the fan. He chose not to publish it and I understand that. THE DATE HAS NEVER CHANGED FOR THE LAST SEVEN (7) YEARS.
WE ARE NOW ON OUR FINAL COUNTDOWN…!!!

Believe it or not is irrelevant.

PalawanBob
PalawanBob
6 years ago
Reply to  PalawanBob

I’ll be even more precise.
In a couple of days, we’ll be talking hours.
That’s how close we are now and I am worried.
Not worried for myself, I have had enough time to think about it.
I am worried for all expats who will be gravely affected by this… unfortunately.

PapaDuck
PapaDuck
6 years ago
Reply to  PalawanBob

Palawan Bob,
Like i said a few month’s ago, this whole thing is really getting tiring. You have changed the date so many times. What will you do when it does not happen in a couple of days as you say? It will be like the boy who called wolf and when/if it really happens no one will believe you.

PapaDuck
PapaDuck
6 years ago
Reply to  Paul Thompson

Paul,

You are right there about Obama. I don’t believe he has any idea about the looting either.

Rusty
Rusty
6 years ago
Reply to  Paul Thompson

Paul,

The unisex bathrooms just a waste of time and money. As you said they’ll go away. Right now there a topic and that’s about it.

As another poster/member said Palawan’s Bob beief in disaster keeps him going.

PalawanBob
PalawanBob
6 years ago
Reply to  Paul Thompson

I wish it would be only a question of one full tank of gas.
Yes, it’s damn global.
I have several sources of information counter verifying each other… ALL PUBLIC INFORMATION, NOTHING PRIVILEGED.
This will NOT be the end of the world type of event.
But it’s better to have food and water in reserve.
Papa duck, my farewell to you and to a few others who are now in US.

PapaDuck
PapaDuck
6 years ago

Paul, Great advice about being prepared for anything that might happen to you, so your family won’t have any hardships. That’s why i always tell Anne it’s always better to be safe and prepared. She has access to my account. Another thing to have is supplemental health insurance in addition to Philhealth if possible. Even though health care is cheaper here, if you have a major illness and a long hospital stay like you had, the bill will be pretty sizable. You wouldn’t want to leave your wife with a big hospital bill if you pass away. Philhealth paid only… Read more »

Fan of Paul
Fan of Paul
6 years ago
Reply to  PapaDuck

There was an article in Mindanao bob’s site I don’t recall but it was many years ago, you have to negotiate with your doctor to get the best of philhealth, even if they say 25% there is something more, sorry I don’t have more info than this vague memory of reading it.

PapaDuck
PapaDuck
6 years ago
Reply to  Paul Thompson

Paul,

Yea i will have to get that checked out with my US Bank. We do have an account in the Philippines that she has access to, but i think i will have to beef it up a bit to make sure it will be adequate to last several months.

Fan of Paul
Fan of Paul
6 years ago

Tri-care? Were you not covered under phil-health ? If your wife is a member of Phil-health, then it covers you as well. Good advise about getting an emergency card or even giving the pin of your bank account card to your wife (if there is no other bank account). Also good to prepare an affidavit signed by the lawyer, that allows your wife or nearest dependent to access + taking a local life insurance and funeral cover, in addition to the overseas/Foreign one. Love your family care for them, and good advise of your friend in keeping it protected from… Read more »

Fan of Paul
Fan of Paul
6 years ago
Reply to  Fan of Paul

Also, can you use Tri-care health insurance again after all this?

PapaDuck
PapaDuck
6 years ago
Reply to  Paul Thompson

Paul,

Anne is the only one on our Filipino Account also and will be on any future accounts. Now hopefully next year Obamacare will be repealed so it will make it easier for me to file taxes.

PapaDuck
PapaDuck
6 years ago
Reply to  Paul Thompson

Paul,

I too was impressed and very pleased with my Gastrologist, who is the president of the hospital and my surgeon who is one of the better ones in the Philippines. Both are trained and both had practices in the US. The only one not pleased with the surgeon was Blue Cross lol.

Jim
Jim
6 years ago

Hi Paul- The situation regarding access to adequate funds for emergency use in the event of expat illness and worse is all too common here in the Philippines I’m afraid to say, from listening and reading about the subject. If individuals don’t wish to take advice from fellow expats who have experience of such situations there is not much else one can do. I think also its common these days as the expat community gets older that many families as well as individuals are being exposed for their unpreparedness for future trials and tribulations in so much that they are… Read more »

Tom N
6 years ago

Smart article, Paul. If I could add one piece to your article it would be to be completely honest with your adult children about your finances as well. I had a close family member who recently died. Turns out there wasn’t a retirement account and no long-term care insurance of any kind. All he had was social security which is not much. For a while, it was looking like he might have to go into long-term care which is amazingly expensive. It would completely drain everything they have and quite quickly. His wife, who is a dozen years younger, will… Read more »

AJ UK
AJ UK
6 years ago

Hi Paul The unfortunate thing about life is that it always takes an emergency to wake people up. I have three joint accounts with my wife in the PI so I am hoping we are covered. The reason we have three is that the banking insurance only covers 500,000PHP for an account and banking worldwide still makes me nervous! I’m unsure of the law though regarding joint account in PI. I will have to do some reading. My wife does have her own account as well though which helps the spread of funds. Our house is bought and paid for… Read more »

Rusty
Rusty
6 years ago
Reply to  Paul Thompson

Paul,

Please feel free to add me as a dependent. I believe by law I am only allowed to received 99% of all your accounts. Oh well, life is tough.

This will put your mind at ease, right?

Rusty

Rusty
Rusty
6 years ago
Reply to  AJ UK

It really doesn’t take an emergency. It takes trust and common sense, right?

I added my wife to my account years ago. Slowly but surely she learned about the banking system. This wasn’t an easy thing to do.

Now she has almost totally taken charge of out account.

People assume that everyone should know how to balance an account, deposit money, etc. Nope. It takes a lot of patience.

Rusty
Rusty
6 years ago
Reply to  Rusty

Out=Our

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