SUNLIFE

[db13]

 Anyone familiar with Family tree of Philam? What is the similar offer in Sunlife if there is one?Thank you.

Flexilink1 or Maxilink One, peso at dollar meron

[beautywhite]

Flexilink1 or Maxilink One, peso at dollar meron

 Thanks... if you're familiar ,could you please elaborate the difference of Flexi and Maxilink?

[mameejhy]

Sun FlexiLink1
Sun FlexiLink1 is a single pay peso denominated variable life insurance plan that provides financial protection PLUS the flexibility to choose where your premium will be invested. Our top-notch investment professionals will carefully invest a portion of the premium you pay – so you get the best out of your hard-earned peso.

un MaxiLink One
Sun MaxiLink One is a single-pay, peso-denominated, protection and savings product that offers an opportunity for faster accumulation of fund value because it has no initial charges. It provides life insurance coverage* to the insured PLUS the flexibility to choose where your money will be invested, depending on your risk appetite and financial objectives, to maximize your money’s earning potential.
 

Policies that remain active for at least 10 years shall also be rewarded with a loyalty bonus currently equivalent to 2% of the policy’s average fund for the last 5 years. The loyalty bonus is payable at the end of the 10th year and every 5 years thereafter as long as the policy remains active.
 

What’s more, Sun MaxiLink One guarantees your acceptance if the single premium is within the age and other limits of the guaranteed issue offer.

http://www.sunlife.com.ph/philippines/Products+and+Services/Variable+life+insurance/Plans?vgnLocale=en_CA

[beautywhite]

 I will try to check,nakita ko din ang sa Insular Life na Wealth Builder,parang ganito din.Which performs well sa mga ganito? Sunlife?

[db13]

Thanks... if you're familiar ,could you please elaborate the difference of Flexi and Maxilink?

assuming you're already familiar with VUL plans... both plans are single pay VUL plans. death benefit is 125% of the single premium or the fund value (whichever is higher).

The main differences are:

Flexi
- min amount 100k
- you can top-up (excess premium) later on, you can add riders (CIB, etc.) too

Maxi
- min amount 250k
- no top-ups, no attachable riders
- maximizes growth because there are no initial charges (meaning the whole 250k for example is turned into units of investment), there are withdrawal charges if you withdraw within the first 5 years
- 'no medical' option available (there's a condition if this option is used)
- the funds are different pools but with the same design as the bond, balanced, and equity funds of flexi1

in summary, both plans are good for someone who has excess funds, wants growth, and wants some insurance for their money (the advantage over pure investment channels). good for estate planning too.
flexi1 - if you want health riders, if you want to top up, if you don't want withdrawal charges within the first 5 years
maxi1 - if your goal is growth, 40s+ who might want the "no medical" option

fund performances are found on the website (im not sure if i can post the website address)

[m_lim]

ilang years to pay ba ang Flexilink?

[mameejhy]

^1 time only.

[db13]

^ flexilink is different from flexilink1. flexilink up to 88, but you could do premium holiday if the fund is enough. flexilink1 un single pay, but you can still top-up

[beautywhite]

 how much is one time payment?

[mxherr5]

^

I don't understand why you are asking that question.
Did you miss db13's post?

She summarized each of Sunlife's single pay VUL's features
nicely.

Or did you mean something else entirely?

[beautywhite]

 If you are referring to me,maybe I miss something.Tinignan ko kasi sa net sorry di ko alam how much is 1 time pay.I am comparing it to Family tree .( 125k) thinking if I will get this in the future.

 Peace

[mxherr5]

Oh ok, I guess you did not see db13's post then.
She already posted the information you were looking for.

Here it is again:

For Flexilink1 it is 100k.
You can also opt to get the Maxlink1 which has no
admin charges but the minimum is higher at 250k

[m_lim]

sis db, i am paying 30t/ year sa isang policy ko. (flexilink1)

nakaka 3 years na ako so mga 90t na nahulog ko.

eto ang nakita ko ngayon sa account ko online:

current fund value- 27thou


question ko: kung 30yrs na ako nagbabayad, less than 900thou ba makukuha ko or more than (depende sa market dahil sa mutual fund)

thanks in advance!

[beautywhite]

 Thank you,sis mameejhy for answering my question. i will try to check the sites of the companies.

[finplanner36]

sis m_lim,

since you're paying 30k annually, that means your plan is flexilink (not flexilink1). yung flexilink1 kasi one-time pay lang yun, minimum of 100k.

for flexilink, after 30 years, depending on the market performance yung makukuha mo na returns. usually it's pegged at conservatively 10% growth per annum for the funds that you have invested in. you can look at your proposal - there's an estimated amount indicated there at age 50/ age60 and age 65. but those are estimates only and based on assumptions that there are no withdrawals.

[db13]

sis m_lim, yeah ^ check the proposal. projections are there. but assuming you pay regularly and on time, there are no withdrawals, market continues to perform even if it's just at 4%, depending also on the riders you have attached... usually around the 10th-15th years fund value will equal the premiums you have already paid for. then onwards from there, exceed na siya. plus you have the death benefit pa. 10 years kasi is a good long time for investing. the actuarian (gods) naman calculated the plans in such a way that you will get more that what you put in. if not, hello bakit pa ako kukuha ng insurance/investment diba? but of course they cannot "guarantee" it kasi di nila hawak ang market. pero wala namang market na pabagsak continuously ng 10 years. so sa case mo na 30 years ang tinitignan mo, mahaba iyan. dont worry. btw, the fund value will be lower relative to the premiums in the first few years, kasi most of the charges lower as the years go by. the costs of setting up a policy is at the beginning, the lowered/0 charges are like "bonuses" given for loyalty. that's why I always tell people, before you open one, understand it. once you've opened up one, stick to it. your older self will reap the rewards and thank you

(my parents years ago closed their and our (siblings) insurances, sayang!!)

[m_lim]

naliwanagan na ako. thanks so much mga sis!

[sunsetbeach]

was just wondering how much ang kinikita ng agents pag nakakapasok sila ng new recruits for sun life maxilink haha sobra kasi ang pangungulit sakin ng isang agent. anyway, i give in din naman i got one for me. 50% bonds 50%equities.

[florencia]

Mga sis, pano kapag nasa lahi nyo critical illnesses, magkakaron ba ng difference? I mean baka irequire kang lakohan yung premiums or something?

[mameejhy]

^Mag require sila ng Medical Exam...