SUNLIFE 2

[smua2014]

Has anyone tried Sun Safer Life? I got the following proposal:

P2Million Insurance Coverage - Payment starts at P10,590 / year (increasing every 5 years)
 
Sun Safer Life is the most affordable, cost effective Term insurance of Sun Life Financials (see actual proposal attached)
- In case of death, your beneficiaries will receive P2Million (200% of the Face Amount)
- In case of accidental death, beneficiaries will receive P3 Million (additional 1Million)
- In case of Total Disablement while paying, payment is waived during that period.
- Can be converted later on to a permanent or a vul plan.

The agent is quite far from my place kasi eh. Is it possible for me to get this directly from sun life without the help of any agent mga sis? 

[PetiksPinayInvestor]

^ Sun Life will still assign an Agent to you. At the least, you will need the Agent to generate the proposal, submit the requirements to SL, explain the benefits of the policy, provide you updates or yearly reviews, to name a few. Basically the Agent is there to provide you service.

[ece2012]

Hi po,

Newbie here.
Ask lang po sana ako ng advice. Nagmamaraming isip kasi ako( ) kung ano bang insurance ang kukunin ko. Pure Life insurance ba or yung VUL(insurance+investments).

Ang pinaka goal ko kasi talaga kung bakit gusto ko kumuha ng insurance is in case of death/illness, hindi nakakabigla sa expenses sa family namin.

>> May masuggest po ba kayo na insurance na pwede sa ganitong goal ko? Yung mga nababasa ko kasi na renewable na term life insurances every 5 years lang, and then pag nirenew mo, magiincrease na yung premiums, every 5years. So magbabayad ka hanggat insured ka.
>> May life insurance bang mga 10 years ka lang magbabayad then insured ka na for a life time?
>> May insurance din ba na, in case di mo nagamit at natapos na yung plan, may money back guarantee?


If for example ang maging goal ko is mag ready lang dun sa 2 possible case na pwede mangyari sa atin:
WHAT IF I DIE EARLY?

> panganay kasi ako and 2 lang kami ng mom ko ang nagpapasok ng pera sa family. So halos lahat ng sweldo ko bigay talaga lahat sa mom ko para sa gastusin. And medyo bata pa kasi yung 2 kapatid ko.

WHAT IF I LIVE TOO LONG?

> ayoko maging burden sa family ko, and im planning also na in my retirement age, makapag pasyal-pasyal, etc.

>>>Alam ko pag ganito, advisable talaga na VUL ang kunin tama po ba?
>>>Sa case na ito, nagdadalawang isip ako between Sun Flexilink and Sun Maxilink Prime. Ano po ba difference nang dalawang ito?
>>>Pero ang iniiisip ko din kasi. Advisable pa kaya ang kumuha ng VUL or pure na life insurance na lang, kung plan ko rin naman mag invest sa stock market (thru COL) and mag open din ng MF account? Mas advisable ba kung basic na life insurance na lang ang kunin ko? Just for the sake of gaining financial freedom. Di daw kasi advisable na puro ka lang sa stocks, mutual funds,uitfs mag iinvest eh.

Pasensya na at madaming gusto. Hope someone can enlighten me.

[smua2014]

^ Sun Life will still assign an Agent to you. At the least, you will need the Agent to generate the proposal, submit the requirements to SL, explain the benefits of the policy, provide you updates or yearly reviews, to name a few. Basically the Agent is there to provide you service.

Thanks for the reply po! I am planning to get a 5-year term insurance kasi after 4 or 5 years I'll be working overseas so I'm going to search a life insurance policy na applicable sa mga ofws by that time

[ikaela]

May life insurance bang mga 10 years ka lang magbabayad then insured ka na for a life time?

Yes, traditional insurance works this way. Term insurance and VULs do not. In term, you keep paying for your insurance until age 70-80 or until you need it. In VUL, yes, you are insured until age 88-100, but that insurance is always being charged to and deducted from your fund value for the whole time the policy is in effect and even after the paying period. And just like in term, that insurance charge in VULs increases as you age.

May insurance din ba na, in case di mo nagamit at natapos na yung plan, may money back guarantee?

Yes, examples are Insular Life's Sure Cash (http://www.insularlife.com.ph/products-services/for-individuals-and-families/savings/sure-cash-one-pay.html) and BPI-Philam's Life Protect Health (http://bpi-philam.com/life_protect_health.html). But cash-back or return of premium riders always come with dismal returns, which is typically 0-3% compounded annual return on the premiums you paid. With inflation rate at 4% or more, that is an unacceptable rate of return for investors like me.

WHAT IF I DIE EARLY? WHAT IF I LIVE TOO LONG? Alam ko pag ganito, advisable talaga na VUL ang kunin tama po ba?

What is advised is that you insure yourself as an income earner, and also have investments along with it to grow your savings. You can also get insurance and investments separately if you can handle them yourself.

Advisable pa kaya ang kumuha ng VUL or pure na life insurance na lang, kung plan ko rin naman mag invest sa stock market (thru COL) and mag open din ng MF account? Mas advisable ba kung basic na life insurance na lang ang kunin ko? Just for the sake of gaining financial freedom. Di daw kasi advisable na puro ka lang sa stocks, mutual funds,uitfs mag iinvest eh.

If your goal is financial freedom, then learning how to handle your own investments is a must. The more you knowledge you gain, the more you will want to handle your own money. So yes, pure life insurance should more more than sufficient if that is your plan.

And who told you that it is not advisable "na puro ka lang sa stocks/mutual funds/and UITFs"? Statements like that only come from those who don't know what they're doing. Or someone who wants to sell you a VUL and get commission from it.

[Wife Niya]

Hi mga sis! I have just paid 1-year premium as my first payment sa Sunlife under VUL, MaxiLink Prime. Gusto ko lang makita mga reviews niyo kaya napadaan ako dito. At ngayon ko lang din nalaman dito yung about sa management fees and insurance fees! Hindi nabanggit sakin ng agent ko iyan. Inemail ko siya ngayon lang to confirm. Right now, medyo nawala tiwala ko sa kaniya, knowing na may mga ganyang charges pala na ni hindi man lang niya na-tackle sakin. Should I feel this way? Or lahat talaga ng agent sa Sunlife eh hindi itatackle sayo yun unless you ask? This is my first insurance/investment kaya wala talaga akong alam about this. Thank you mga sis!

[mxherr5]

The agent should have discussed the proposal in its entirety.

With that said, there wasn't any reason for you not to know about
it.

The main proposal is just a page or two and the fees are discussed
in the proposal.

[j.adore]

Has anyone tried Sun Safer Life? I got the following proposal:

P2Million Insurance Coverage - Payment starts at P10,590 / year (increasing every 5 years)
 
Sun Safer Life is the most affordable, cost effective Term insurance of Sun Life Financials (see actual proposal attached)
- In case of death, your beneficiaries will receive P2Million (200% of the Face Amount)
- In case of accidental death, beneficiaries will receive P3 Million (additional 1Million)
- In case of Total Disablement while paying, payment is waived during that period.
- Can be converted later on to a permanent or a vul plan.

The agent is quite far from my place kasi eh. Is it possible for me to get this directly from sun life without the help of any agent mga sis? 

What's your age? Almost 12k ang quote sa akin for 1M face amount then 1M ADB/TDB

[anjcam]

Hi mga sis! I have just paid 1-year premium as my first payment sa Sunlife under VUL, MaxiLink Prime. Gusto ko lang makita mga reviews niyo kaya napadaan ako dito. At ngayon ko lang din nalaman dito yung about sa management fees and insurance fees! Hindi nabanggit sakin ng agent ko iyan. Inemail ko siya ngayon lang to confirm. Right now, medyo nawala tiwala ko sa kaniya, knowing na may mga ganyang charges pala na ni hindi man lang niya na-tackle sakin. Should I feel this way? Or lahat talaga ng agent sa Sunlife eh hindi itatackle sayo yun unless you ask? This is my first insurance/investment kaya wala talaga akong alam about this. Thank you mga sis!

there are agent na pag hindi ka nagtanong, hindi nila sasabihin. yung agent ko, as in sasabihin niya lahat kahit hindi mo itatanong. parang yung mga FAQs na nakukuha niya sa mga clients niya, binabanggit din niya. Baka naman nawala na din sa isip niya. As long as your agent know what he/she is selling, wala namang problema dun

[mameejhy]

Bump natin yun thread...

[m_lim]

yung Flexilink (VUL) ko, nasa Balanced fund pala.. recommended ba ilipat ko sa Equity?? hanggang kelan pala ako magbabayad? 20years or until gusto ko??

[rikki21]

Question about Flexilink.
If your parent died of say Stroke, and when you got a plan, you did not declare that he died from Stroke but another illness, may difference ba yun? may negative/positive  effect ba?

Thanks!

[anjcam]

yung Flexilink (VUL) ko, nasa Balanced fund pala.. recommended ba ilipat ko sa Equity?? hanggang kelan pala ako magbabayad? 20years or until gusto ko??

saan mo ba gagamitin yung investment mo? if long term I suggest to change it to equity.

for VUL, depende kung hanggang kelan mo gustong maginvest, magbabayad ka lang. If ayaw mo na, just make sure na may laman yung investment fund mo para dun sila kukuha annually ng charges for your insurance.

[marssie]

^ How to change nga ba from Balance to Equity?

[anjcam]

^ask your financial advisor

[switchiz]

Fund switching is free for about 4 times per annum. You are charged on the fifth time.

@marssie you need to fill out an Amendment Form and pass it to the office.

@rikki21 no effect

[ece]

Mga sis, sino po ang nakatry na nung dynamic fund?

[PetiksPinayInvestor]

@marssie, the form to be filled out is called "Variable Life Insurance - Fund Switching/Allocation and Excess Premium Form" if you want to switch funds

[marssie]

^ & ^^^ Thanks sissies Do i need to submit the original ba or an email will do na? Overseas kasi ako nakabased.

[switchiz]

@marssie. You need to pass the original. You can send it through your relatives here but of course may valid IDs and signature din ninyo dapat.