Sun Maxilink Prime- a life insurance plan with investment that can be used to finance future need like education, estate and retirement. It is payable for at least 10 years which pays the higher of 200% of the face amount plus fund value or the minimum death benefit upon death of the insured. It has also additional benefits such as Death Benefit, Disablement Benefit, Dismemberment Benefit, Hospital Income Benefit, Waiver of Premium upon Death of Initial Owner and Waiver of Premium upon Death or Disability of Initial Owner. This plan is 10 years to pay
SAMPLE PROPOSAL
Juan Dela Cruz, 40, Male, Non smoker, Face Amount: 500,000
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Face Amount 500,000 - If Juan Dela Cruz die due to accident or natural causes her beneficiary can claim 200% of face amount equivalent to 1 Million pesos even if she only paid once. This is a guaranteed amount.
Total Disability Benefit (Waiver of Premium) – TDB – This rider is a must to one life insurance policy because if Sisa is already disabled and cannot able to go to work and earn money Sun life is the one who is responsible to pay her premium.
Accidental Death Benefit - This rider is an optional. If Juan Dela Cruz die due to accident her beneficiary can claim 500,000 plus the face amount 1 million pesos equivalent to 1,500,000 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.
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:
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Investment Component
Our premiums will pay for the insurance cost, charges and part of it will be invested in the investment fund. There are three allocation fund that can be invested.
1. Equity Fund – Stock of corporations
(e.g. PLDT, Ayala Corp., BPI, Globe)
2. Bonds Fund – Fixed income securities (government bonds and corporate bonds)
3. Balanced Fund – 70% in equity, 30% in bond
If I reach the age 60 here are the projected fund value which I can withdraw.
At 8% annual fund earning : Php 813,396.00
At 10% annual fund earning : Php 1,093,572.00
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.
Mode of payment : Quarterly, Semi-Annual, Annual
Can you save 105.00 pesos daily for for your future and for the future of your love ones? Save your money instead of buying Gadgets, bags, dress, shoes etc.Would you imagine Php 38,125.00 Annual Premium
Php 19,062.50 Semi Annual Premium
Php 9,531.25 Quarterly Premium
Php 3,177.08 Monthly Premium
Php 105.00 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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