Sun Life of Canada (Philippines), Inc. (Sun Life) has launched Sun Wealth Prime 7, a new single-pay life insurance plan that provides protection and various other guaranteed benefits.
“The Sun Wealth Prime 7 offers guaranteed benefits such as life insurance protection, regular annual payouts, and has a savings component,” Sun Life Philippines Chief Client Experience & Marketing Officer Carla Gonzalez-Chong said. “It’s suitable for those looking to build their financial portfolio or for those who simply want to strengthen it.”
Sun Wealth Prime 7 is designed to help policyholders secure the future of their loved ones by providing life insurance protection for seven years.
Aside from the guaranteed life insurance benefit, clients can get annual earnings equal to 4% of the single premium paid, starting at the end of the first policy year until maturity. It also serves as a way to preserve wealth, as clients can expect a 100% return on their single premium payment once the policy has matured.
Moreover, clients can also enjoy hassle-free application and policy approval provided that the limits set by Sun Life are met.
“The Sun Wealth Prime 7 is also perfect for those who are risk-averse but are looking for a better solution than what traditional savings can offer. It’s a good alternative for those looking to preserve their wealth while diversifying their assets,” Sun Life of Canada (Philippines), Inc. President Alex Narciso added.