sunlife

Sun Flexilink - a life insurance plan with investment that can be withdraw anytime. It is a good plan for retirement. It has also additional benefits such as Death Benefit, Disablement Benefit, Dismemberment Benefit, Critical Illness, Female Critical Illness and Hospital income benefit. Payable up to age 88 but after 10 years of paying, the earning of the investment component of the plan will pay the premium.

SAMPLE PROPOSAL

Sisa, 25, Female, Non-Smoker, Face Amount 500,000.00

 Accidental Death Benefit - This rider is an optional. If Sisa die due to accident her beneficiary can claim 500,000 plus the face amount 500,000 equivalent to One Million pesos. To claim this benefit, beneficiary must prove that the cause of death is due to accident they must provide death certificate, medical and police report.

Accidental Death, Dismemberment and Disablement Benefit  (ADDD) - This is similar to Accidental Death Benefit with Dismemberment and Disablement. Dismemberment or loss of body parts due to accident you can claim benefit amount equivalent to a percentage of the principal.  If totally and permanent disabled sun life will give 10% of the principal amount which is 50,000 which will be given in 10 years. so 50,000 per year for 10 years. 

Critical Illness Benefit (CIB) - This rider is an optional. If you were diagnosed and treated with the following Illnesses listed you will get the whole amount. If you will die due to any covered illnesses your beneficiary will get the lump sum amount. By the way critical Illness benefit will increase premium every 5 years.

Female Critical Illness Benefit. – This is similar to Critical Illness but the disease covered are for female only .

Hospital Income Benefit - Once the life insured is confined as an in-patient in a Hospital as a result of Injury or Sickness, on the recommendation of a Physician, you will receive Ps 1,000.00 as Daily Hospital Income. Hospital Confinement due to Sickness must be for a minimum of three(3) days before we pay the Daily Hospital Income benefit from the first day of hospitalization. If due to Injury, the waiting period will not apply, in which case, we will pay the benefit beginning on the first day of Hospital Confinement. We will double the Daily Hospital Income if: (a) the life insured is confined in the Intensive Care Unit of the Hospital due to Injury or Sickness or (b) the Sickness which results in Hospital Confinement of the life insured is classified as a Dread Disease. The covered Dread Diseases include only the following:

If I reach the age 45  here are the projected fund value which I can withdraw.

          At 8% annual fund earning : Php 100, 455.00

          At 10% annual fund earning : Php 134, 378.00

These fund values are not fixed and not guaranteed as they depend on the actual performance of the fund you choose. They are just projections to give  each policy holder an idea of how his/her money can potentially grow through the years.  

Would you imagine  Php 20,450.00    Annual Premium

                              Php 10,225.00    Semi Annual Premium

                              Php   5,112.50    Quarterly Premium        

                              Php   1,704.17    Monthly Premium

                              Php      57.00    Daily Premium

If you are young and professional, this is the best time for you to invest and plan your future because you have a longer time to grow your investment. Investment is a long term commitment. It’s not about quick win. A small or big amount may produce rewards over the long-term.

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