MANILA, Philippines - In the last five years, majority of Filipinos said that medical emergencies, whether their own or someone else’s they know, were critical turning points in their lives.
Out of every 100 Filipinos who get sick, 95 will sacrifice their savings with more than half borrowing from family members to get through tough times. These findings were obtained from a study conducted by Sun Life of Canada (Philippines) Inc.
Sun Life of Canada (Philippines) Inc. introduces Sun FlexiLink Assist, a life insurance product that provides a complete suite of life, accident, disability and health protection benefits, plus the potential for wealth accumulation.
Sun Life chief marketing officer Mylene Lop said that the study showed that many Filipinos worry about their health, and that this concern affects their spending and saving behavior because a single serious illness or hospitalization can sometimes deplete one’s entire savings.
“With Sun FlexiLink Assist, the objective is for them to not have to choose between health and wealth anymore, †Lopa said in a statement.
Sun FlexiLink Assist offers comprehensive health benefits, wherein a policyholder can enjoy a stable source of funds for hospitalization or treatment of a critical illness which can help lessen the financial burden that comes with health emergencies.
As a complete financial solution, Sun FlexiLink Assist allows the policyholder to accumulate funds for his other needs. All of these features can be enjoyed under Sun FlexiLink Assist’s flexible premium payment and paying period, which may be adjusted based on the policyholder’s needs and situation.
“Sun FlexiLink Assist is a health solution that’s comprehensive, complete, and flexible,†Lopa said. “When health emergencies occur, people often find themselves worrying more about their finances instead of focusing on their recovery. With this product, they can be assured of having funds for health emergencies and critical illnesses without compromising their hard earned money or funds they’ve set aside for other purposes. It truly is a complete health and wealth solution.â€
This product can pay out a lump sum of up to P4-million per life in case of a critical illness and up to P3,000 daily hospital income benefit for hospital confinement. Aside from this, the client can enjoy life insurance, accident insurance and waiver of premium should any disability occur before the age of 60.
Sun FlexiLink Assist is designed for breadwinners and individuals in the prime of their productivity and who want to boost their funds for health needs because they believe that savings will never be enough for medical emergencies.