Welcome…


My name is Raymund Camat and I am the blogger of MoneyTalkPH.com. My mission is to spread financial education to Filipinos worldwide to achieve the ultimate goal of Financial Freedom.

I am affiliated with Sun Life of Canada, the oldest life insurance company in the Philippines and currently the number 1 life insurance company in the Philippines. Our company has a wide range of life insurance and investment products including the following:

  • Sun Maxilink Prime – a life insurance plan with investment component that could be used to finance future needs like education and retirement. With the option to include accidental death benefit, disablement benefit, dismemberment benefit, and hospital income benefit. This plan is payable for at least 10 years.
  • Sun Flexilink – a life insurance plan with investment that could be used for retirement. With the option to include accidental death benefit, disablement benefit, dismemberment benefit, critical illness benefit, female critical illness benefit and hospital income benefit.
  • Sun Maxilink Bright – a life insurance plan with investment that could be used to finance future expenses in education or retirement. This plan is payable in 5 years with the option to add accidental death and total disability benefit.
  • Sun Life Assure

Top 10 Life Insurance Companies in the Philippines for 2014

Insurance
Top 10 Life Insurance Companies in the Philippines for 2014 thumbnail

According to the latest announcement of the Insurance Commission, Sun Life of Canada Philippines, the oldest life insurance company in the Philippines, again dominated the Philippine insurance market in 2014 based on total premium income. Premium income generally refers to the money an insurance company receives by charging premiums to clients. The company that received the highest premium income in a given year can be considered the industry leader. Insurance companies compete to get the top spot. Sun Life has been holding the number 1 spot since 2011 after displacing Philam Life which has been the market leader for many years. Philam is the second placer last 2013 but now overtaken by Philippine AXA Life by 37 Million pesos. Philippine AXA Life has been very aggressive in its marketing campaigns.

top 10 life insurance companies in the Philippines 2014

It is interesting to note that Sun Life has 10 billion pesos margin from both the second and third placers: AXA and Philam. Will this margin increase or decrease next year? Will Sun Life retain its position in 2015? It is exciting to know the ranking next year. According to Philstar, the life insurance industry reported total premium income of P157 billion last year, roughly 8% lower than the P170 billion in 2013. Traditional policies (whole life,endowment plans, term plans) last year amounted to P50 billion, up from P48.3 billion in 2013. Variable life sales fell from P121 billion in 2013 to P107 billion last year.

While other companies are strong in traditional insurance products, Sun Life is strong in the Variable Life Insurance (VUL) market. VUL is a life insurance plan with life insurance and investment (mutual fund). Sun Life’s most popular VUL plans include Sun Flexilink, Sun Maxilink Prime and Sun Maxilink Bright. In VUL, part of your payment will pay the fees and insurance cost and part of it will be invested in a fund of your choice: equity fund, balanced fund or bond fund. The better returns of VUL funds compared to traditional plans attract the booming middle class in the Philippines. Many Filipinos are no longer attracted to the insurance plans with guaranteed cash values but low interest returns. The booming Philippine economy makes investment-linked (VUL) products attractive for Filipino plan holders.

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Top 10 Life Insurance Companies in the Philippines for 2014

Top 10 Life Insurance Companies in the Philippines for 2014 thumbnail

According to the latest announcement of the Insurance Commission, Sun Life of Canada Philippines, the oldest life insurance company in the Philippines, again dominated the Philippine insurance market in 2014 based on total premium income. Premium income generally refers to the money an insurance company receives by charging premiums to clients. The company that received the Read More

Estate Planning Using Life Insurance

Estate Planning Using Life Insurance thumbnail

People who have accumulated wealth over their lifetime must plan ahead on how to properly distribute their wealth  to their heirs after their death. This type of planning is called estate planning, which is defined as the "the collection of preparation tasks that serve to manage an individual's asset base in the event of their incapacitation Read More

Sun SartUp: Life Insurance with Guaranteed Return of Premium

Sun SartUp: Life Insurance with Guaranteed Return of Premium thumbnail

Many Filipinos still has wrong belief about life insurance. They believe that the only people who could benefit from life insurance plans are their beneficiaries after their death. This is the reason why many don't like to get insured because they themselves would not benefit from a life insurance plan. They don't know that there Read More

Sun Maxilink Bright Explained – 5 Years To Pay Life Insurance with College Educational Fund

Sun Maxilink Bright Explained – 5 Years To Pay Life Insurance with College Educational Fund thumbnail

College education is getting expensive year after year making it very difficult for Filipino parents to send their children to college. Even state universities are implementing high tuition rates, an added headache to parents who are already struggling to provide the daily living allowance of their children. Private college education can be just a dream Read More

TV Guesting on TV 5 Good Morning Club Show: How To Get Out of Debt

TV Guesting on TV 5 Good Morning Club Show: How To Get Out of Debt thumbnail

Last February 15, 2008, a segment researcher of TV5's Good Morning Club show called me if I am available to guest on their show as a Financial Expert on February 18, 2014. I said yes and told the guy on the phone to send me the details of the show. The topic was about how Read More

How To Add More Funds To Your Sun Life Mutual Fund Account Via BDO and BPI Online Banking

How To Add More Funds To Your Sun Life Mutual Fund Account Via BDO and BPI Online Banking thumbnail

I love online banking because I hate long lines in banks. Imagine waiting for an hour or more just to deposit your money or pay your bills. I feel the time waiting in line  is a waste of time, which I consider as a very important resource. With the banking technology we have in the Read More

Sun Dream Achiever Explained

Sun Dream Achiever Explained thumbnail

Sun Dream Achiever is another product of Sun Life of Canada (Philippines) that I would like to introduce to Filipino parents who wish to get a life insurance product that has guaranteed education benefits. Below is the description of Sun Dream Achiever taken from sunlife.com.ph.   Sun Life in the Philippines has stopped offering traditional pre-need Read More

Invest and Travel with Sun Life Mutual Funds | Investing with Perks

Invest and Travel with Sun Life Mutual Funds | Investing with Perks thumbnail

It is more fun to invest in the Philippines! And it is more fun to invest on Sun Life Mutual Funds! Sun Life Asset Management Inc. is calling individual and institutional investors to enjoy exciting getaways by investing a minimum of 1 Million pesos or $20,000 to any of the following Sun Life Prosperity funds Read More

Globe Fair Use Policy (FUP) , 1GB Data Cap, Is It Fair?

Did you receive the text message below from Globe recently? If you are a Globe Postpaid plan holder subscribed to the Php999/month unlisurf plan, most likely you have received this message especially if your daily routine is watching a lot of Youtube videos, downloading games, applications and movies in your laptop or smart phone. I Read More