FYI everyone,
Sun Life released their latest health and wellness product called Sun Fit and Well
It is a stand-alone, participating life and critical illness insurance plan with savings and
protection components and provides coverage for death and critical illness until age 100 of the insured.
The policy terminates upon death or claim of a total of 100% of the Original Face Amount resulting from a combination of endowment benefits, minor and major critical illness conditions and after applicable payment of other benefits involving hospital confinement.
The benefits payable are:
Minor Critical Illness - 20% of Original Face Amount or Ps 1,000,000 whichever is lower, if the life insured is diagnosed, while living, to have any of the 34 minor critical illnesses, and where
applicable, undergone any of the specified surgeries.
10% of Original Face Amount or Ps 400,000 whichever is lower, if the life insured, while living, has undergone Angioplasty or other invasive treatment for coronary artery disease for the first time. This benefit is payable only once. The life insured may file up to three (3) minor critical illness claim for as long as each arises from a different group of minor critical illness, provided that if the first two (2) claims are other than angioplasty or other invasive treatment for coronary artery disease, the third claim will just be 10% of the Original Face Amount subject to the limits stated above per minor critical illness claim.
Major Critical Illness - 100% of Original Face Amount if the life insured is diagnosed, while living, to have any of the 64 major critical illnesses, and where applicable, has undergone any of
the specified surgeries, less any payment made for:
1) any of the minor critical illness; and/or
2) anticipated endowment benefit payouts, if any.
Specific Cancer Booster - 50% of Original Face Amount, in addition to the critical illness benefit, if the life insured is diagnosed for the first time, while living, to have any of the 16 specific
cancer conditions. This benefit is payable only once.
Death Benefit - 100% of the Original Face Amount upon the death of the life insured less any
payment made for:
1) any of the minor critical illness; and/or
2) anticipated endowment benefit payouts, if any.
GUARANTEED CASH BENEFITS
As early as age 65, you may advance 5% of your policy's Face Amount for 8 consecutive years. This gives you a steady income stream that you can rely on during your golden years.
SPECIAL BONUS AND DIVIDEND EARNINGS
Be rewarded with a special bonus at the end of the premium paying period, and annual dividend earnings thereafter which you may opt to get in cash or leave with Sun Life to accumulate.
LIMITED PAYMENT PERIOD
Pay your premiums for 10, 15 or 20 years via Annual, Semi-Annual, or Quarterly mode, whichever is more convenient to you. Monthly payment through Auto-Debit or Auto-Charge may also be arranged after payment of the initial quarterly premium.
Issue age: 30-day old infant to 60-year-old adult
