My wife is now a proud Sun Life policy holder. She availed Sun Maxilink Prime, one of the best products offered by Sun Life Financial. This plan is a combination of life insurance and investment, commonly called variable life insurance. She will pay a specific amount each year for 10 years in which part of the payment will be invested in an equity fund and part of it will pay for life insurance coverage. I am very proud that my wife is my first “client” as a Sun Life Insurance Advisor. I also got similar plan for myself in addition to other existing life insurance plans that I currently have.
So what benefits will my wife get in getting Sun Maxilink Prime?
By just paying PhP 18,000 a year or Php1,500 a month for 10 years, my wife will get a life insurance coverage of Php700,000. There would be additional PhP350,000 insurance coverage if our dear Lord get her back from me through accident. (I hope not too soon. I love her so much!) Her beneficiaries will receive the said money when she die (knock on the wood). My wife will also get money from Sun Life if she becomes disabled or dismembered. (More on life insurance benefits here)
Enough with the death benefits! Let us go to the retirement benefits that my wife can get after patiently saving for 10 years. By the age of 65, my wife has a projected retirement fund of about 3 million pesos assuming that for 39 years, she never touched her fund value and the average annual investment return is 10%. She can get higher or lower retirement fund depending on annual investment returns. Of course, she got excited when she learned that she can retire a millionaire if she saves or invest as early as now. In reality, there are only few Filipinos who retire as millionaires because most Filipinos don’t know the importance of saving and investing. early. My wife can be a future millionaire retiree with Sun Life Maxilink Prime.
My wife just planned of saving in the bank but I told her that her money will just sleep there and could not catch up with the inflation or the rising cost of basic commodities. If she knows how to invest, she will get higher returns for her money. This way, she could beat inflation.
Besides educating my wife on the value of investing, I also told her the value of life insurance. She can protect her family financially if ever something happens to her just by getting life insurance. Although her life insurance coverage is not that high, Php700,000 is not that bad. It can be used as college fund for our son already. Life insurance is one way of showing her love to her family even she’s already with the Father.
I hope more Filipino mommies (also daddies) will be like my wife, a proud Sun Life policy holder who has a great plan for the future.
The best time to invest and be insured is now! Get a quote or proposal now!