Sun Life offers double life protection

MANILA, Philippines - Sun Life Financial Philippines has introduced SUN Smarter Life, a product solution that helps its clients get closer to their dreams.

SUN Smarter Life is a protection product that provides double life insurance coverage starting day one until age 100. It also provides living benefits in the unfortunate event of terminal illness or emergencies. 

There are also supplementary benefits for accidental death and waiver of payments upon death or disability of insured or payor, which may be added to the plan for a minimal amount.

The product also offers flexibility depending on your preference and financial capability. 

It can be fully paid in short payment terms of five- or 10-annual installments, and various payment modes (semi-annual, quarterly or monthly) are available to make payments more affordable.

Clients can choose between the Classic variant which provides basic insurance protection until age 100, or the Elite variant which provides Lifetime, guaranteed cash payouts.

Each cash payout is fixed at eight percent of the face amount, starting on the end of 6th year and every other year onwards until age 100.

These cash benefits may be used to help fund other financial needs like child’s education, family vacation or they may also be used as pension allowance during retirement years.

“SUN Smarter Life is just the first installment of the Experience Sun Life products that we will be introducing in the coming months,” Mylene Lopa, Sun Life Financial-Philippines chief marketing officer, said.

 Lopa added that the core of Sun Life’s business is to help its clients attain financial freedom. “We continue to enhance our product portfolio so clients can expect more products that provide benefits that will make them experience a brighter life,” Lopa added.

Sun Life Financial Philippines is a member of the Sun Life Financial group of companies, a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individual and corporate customers.

Sun Life Philippines topped the country’s life insurance industry last year with total premiums of P14 billion.