Filipino employees and professionals today have diverse financial goals depending on their generation.
According to a Sun Life study, Gen Zs and younger millennials aspire to build multiple income sources to achieve life goals. Meanwhile, older millennials and Gen Xers focus on retirement savings while funding their children’s education. While they’re open to insurance products that could help fulfill their goals, affordability is usually an issue with limited budget room.
To help bridge this gap, Sun Life Philippines has unveiled Sun Life Save and Protect, a simple and affordable life insurance protection plan.
Sun Life Save and Protect allows one to secure loved ones’ future with life insurance benefits offering up to 20 times maximum coverage based on annual premium*. If the life insurance benefit remains unused during coverage, the insured receives at least 100% of total annual premiums* paid after 20 years. This benefit activates upon plan maturity.
“With Sun Life Save and Protect, we envision more Filipinos achieving their financial goals because they can afford to do so,” Sun Life Philippines Chief Client Experience and Marketing Officer Carla Gonzalez-Chong said. “It offers a smart way to secure the future while also being prepared for uncertainties in the present.”
Depending on the chosen variant, Sun Life Save and Protect plans start for as low as PHP 2,500 monthly and offer manageable payment options. It also provides access to guaranteed cash value via policy loan during emergencies. Moreover, a portion of the face amount may be claimed in advance if the insured gets diagnosed with terminal illness.
“We’re proud of how this product truly considers the realities of Filipino employees and professionals, especially those still building their financial portfolio. While they grow their careers and work hard for the future, Sun Life Save and Protect will be here to help them chase their dreams,” Gonzalez-Chong added.
Those interested may contact their Sun Life advisor or connect via www.sunlife.co/Talk-To-An-Advisor. For more information, visit www.sunlife.co/SaveandProtect.
*Benefit payable is based on Original Annual Premium. Original Annual Premium is the annual premium of the basic policy at policy effective date, excluding any rider premium, extra premium, and/or modal loadings.
