The thought of retirement often brings anxiety about the future. Many worry about having no income during their golden years. While many Filipinos view retirement as a top financial priority, only 14% are currently taking steps to prepare. According to the Sun Life Asia Financial Resilience Index 2024, this gap highlights a significant issue in financial planning among Filipinos. As a result, it is crucial for individuals to start considering their retirement options earlier. This will ensure a secure future and alleviate some of the anxiety associated with retirement planning.

“Planning for the future can be overwhelming, especially as Filipinos strive to meet the needs of the present. The good news is, more and more people are starting to recognize its importance. To leverage this, Sun Life was inspired to create a financial solution that will make financial planning for the future a more delightful experience,” Sun Life Philippines Chief Client Experience & Marketing Officer Carla Gonzalez-Chong said. “That is how our latest protection and savings plan, Sun Life Secure Income, was born.”

Key Features of Sun Life Secure Income

Sun Life Secure Income is a limited-pay whole life insurance product that offers 200% coverage from Day 1 until age 100. It includes a Centenarian Bonus, providing 25% of the face amount on policy anniversaries after ages 80, 85, 90, and 95. This feature enhances the policy’s value as the insured ages. Additionally, clients receive guaranteed annual cash benefits equal to 6% of the face amount starting at the end of the sixth policy year, creating a reliable income stream throughout their lifetime. This plan stands out as a dependable option for those seeking both protection and financial benefits.

Moreover, Sun Life Secure Income gives clients guaranteed annual cash benefits equal to 6% of the face amount starting at the end of the 6th policy year up to the age of 100. This can serve as a regular stream of income throughout one’s lifetime.

“The regular guaranteed cash benefits would allow them to grow or preserve their wealth and enjoy it up to their retirement years to fund financial goals and milestones,” Gonzalez-Chong said. “Meanwhile, the life insurance coverage will give them peace of mind that their dreams for their loved ones will be realized no matter happens.”

For more information, visit sunlife.co/SunLifeSecureIncome. Those interested in availing of the Sun Life Secure Income may get in touch with a Sun Life advisor via www.sunlife.co/TalkTo-SunLifeAdvisor.  

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