MANILA – Filipino employees and professionals today have diverse financial goals depending on the generation they come from.
According to a study conducted by Sun Life, Gen Zs and younger millennials aspire to build multiple sources of income that can help them achieve their life goals. Meanwhile, older millennials and Gen Xers are focused on saving up for their retirement while also funding their children’s education. But while they are open to availing themselves of insurance products that could help them fulfill their goals, affordability is usually an issue, since there is little room to move in their budget.
To help bridge the 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 the future of loved ones with the life insurance benefit, which offers up to 20 times maximum amount of coverage based on the annual premium*. If the life insurance benefit remains unused during the coverage period, the insured will receive at least 100% of the total annual premiums* paid after 20 years. This benefit is activated upon the plan’s 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 per month and offer manageable payment options. It also offers access to the guaranteed cash value via a policy loan in case of emergencies. Moreover, a portion of the face amount may also be claimed in advance, in case the insured gets diagnosed with a terminal illness.
“We’re proud of how this product truly considers the realities of Filipino employees and professionals, especially those who are 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 in availing of a Sun Life Save and Protect plan may get in touch with their Sun Life advisor or connect with one 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. (PR)
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