Welcome to TheWiseGuyPH

Hi there! My name is Federico Suan, Jr., a financial blogger whose mission is to help develop financially wise Filipinos by building a strong financial foundation. This blog is about personal finance but not limited to insurance, mutual fund, UITF, the stock market, budgeting techniques to simple tips and techniques on how to manage your resources effectively.

I am affiliated with Sun Life of Canada, the first, oldest, and number 1 life insurance company in the Philippines. Our company has a wide array of life insurance and investment products like the following:

READ: Sun Life Remains the Top Life Insurance Company in the  Philippines 2018

Variable Unit-Linked Plans

VUL or variable unit-linked plan is a 2-in-1 product combining income protection and investment in one plan. This gives you peace of mind while growing your money over time.

Regular Pay VUL Plan

Choose the perfect VUL plan based on your financial needs. A regular pay VUL is payable for a specific period on a regular basis like 5-years, 10-years, and even up to age 88 depending on what kind of plan you opt to get.

  • Sun Maxilink Prime is 10 years to pay VUL plan from Sun Life combining income protection and investment in a single plan. This is a good plan for income protection, health and accident protection, achieving life goals and as a retirement fund.
  • Sun Flexilink is an older VUL plan from Sun Life and it is an affordable alternative for Sun Maxilink Prime. This is also good as a retirement plan, health and accident protection, and achieving life goals. A cheaper but equally mightier plan.
  • Sun Maxilink Bright is 5 years to pay VUL plan best suited in building an educational fund for your kid’s future. This can also be used to achieve your life goals like building a house or starting a business while giving you peace of mind that your family is protected no matter what happens.

Single-Pay VUL Plan or SPVUL

Enjoy high earning potential thru SPVUL or Single pay VUL plan from Sun Life. Start for as low as Php 150,000

  • Sun Flexilink 1 is a SPVUL from Sun Life that gives you high earning potential compared to just saving your money in a bank. Do you have at least Php 150,000? Then consider growing your money with us that you will not get even in a time deposit account.
  • Sun Maxilink One is another SPVUL plan with no upfront charges that speeds up the accumulation of fund value. Inflation averages at 4% but your bank only gives you a portion which keeps your money from growing. Keep the purchasing power of your money with an investment that can fight inflation.

Sun Life’s Traditional Plans

While VUL plan can be a great choice for many because of the investment part, others still prefer to get a pure life insurance and invest their money on their own. VUL plan is directly linked to investment which makes it vulnerable to day-to-day market fluctuations and if you cannot handle that then consider the following options.

Term Life Insurance

A term life insurance is a pure life protection which makes it cheaper compared to any life insurance plan. This only provides life protection for a specific period of time with no cash value nor fund value after the specified term.

  • Sun Safer Life is a 5 years renewable life insurance that provides life protection equal to twice the face amount until age 75. This automatically renews after 5 years without any proof of insurability.
  • Sun Life Assure is a 5 years renewable term that pays the face amount when either the death of the insured or when diagnosed with a critical illness, whichever occurs first. This is renewable until age 59 without evidence of insurability.
  • Sun Maiden is a 5 years renewable term insurance specially designed for women which give financial assistance or percentage of the face amount is given when diagnosed or treated due to any of the female-specific critical illnesses.

Endowment Plans

Sun Life endowment plan is one of the answers by Sun Life to the different needs of its clients. Insurance plan is not a one size fits all product. If you don’t like VUL plan because if its inherent volatility then you may consider getting an endowment plan with guaranteed benefits.

  • Sun Acceler8 is a 20-year endowment insurance plan from Sun Life that provides increasing guaranteed life insurance benefit. It also has guaranteed cash benefit that you can use for your child’s education and school-related expenses.
  • Sun First Aid Plus is a 10-year non-participating hospital income Simplified Insurability Offer (SIO) product with a money back feature or return of premiums. The return of premium is equal to 50% of the original premiums paid at the end of the 10th policy year.
  • Sun StartUp is also a 10-pay, non-participating endowment insurance, with maturity benefit of 50% return of premium (ROP) given at the end of the 10th year. You can apply for this plan under the Simplified Offer (SIO) up to the first Php 1 Million coverage.
  • Sun Dream Achiever is a 5-pay, participating endowment insurance perfect for education planning for your kids of the benefits payable in 4 installments which start at your chosen year between 12-17 years from the date of issue.

Whole Life Insurance

A whole life plan is one of the best choices to get if you cannot handle the inherent volatility of VUL plans. You know how unpredictable the market can get and if this makes you uncomfortable then get a whole life plan which has guaranteed life insurance and cash benefits.

  • Sun Smarter Classic & Elite is a participating whole life plan that gives life insurance protection until age 100. What makes it even more special is that the protection it provides is equal to twice the face amount.
  • Sun Fit & Well 10/15/2o is a participating, limited-pay whole life critical illness product that provides a combined benefit of savings and comprehensive health protection until age 100.

Always remember to let your money work for you. Money can work 24/7 without getting tired. Enjoy life by making the bRIGHT choice today!

*****

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TheWiseGuyPh is a Gold Medallion Awardee 2018

August Champions 2018 Gold Medallion Awardee

Are you looking for an insurance plan? If yes then get it from the company you like and an advisor who can guide you well toward financial freedom. Some advisors might focus on their flowery talks and sales pitch. Well, I can only offer you my sincerity to provide you with the best plan and my skills supported by the awards I got from Sun Life. Which I hope you’ll consider. That’s why I compiled them here for you to evaluate if I’m worthy of your trust hopefully :).

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BIR Certificate of Registration Renewal (Form 2303)

Did you know that you still need to renew your BIR Certificate of Registration (form 2303) every year? This is paid, yes, every year, on or before January 31. I know you must be familiar with the registration fee, right? It’s the Php 500 you paid using the form 0605 when you got your COR. It’s the same thing when you’re renewing it. [click to continue…]

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Things to Know in Sun Fit and Well From Perks to Benefits

Sun Fit and Well is the most comprehensive health insurance in the Philippines until age 100. I know you are so familiar with it already so I will leave it like that. But if you’re still interested or maybe it’s your first encounter with Sun Fit and Well then I’ll be sharing a link below so please check that out. Because lately, I have been receiving a lot of inquiries about the plan. So I thought you might be interested to know what makes Sun Fit and Well so special. Like is it worth it from all the benefits you can get? How much would it cost, perks of having the plan and so on? So now here it is.
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Good Buy or Goodbye: Break-Free by Don Soriano

I came to see the book called Break Free by Don Soriano while roaming around a bookstore. The design was too simple for my taste but it was also too intriguing so even I’m not a fan of reading books, I still considered getting a copy. Anyway, who wouldn’t want to be an employer from just being an employee in 3 years time or even less which is the idea the book is introducing to us. Good thing I told my manager, Raymund Camat (MoneyTalkPh), about it not knowing he has a copy until he lent it to me. Yippee! So here I am now making a review of “Break Free” and I’ll tell you  later if it’s a good buy or goodbye. [click to continue…]

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TheWiseGuyPh is Now Accepting Hosting Jobs

Christmas SidelineThe past week I was asked to host not just one but two Christmas Party in a single week. I was like really? Me hosting an event is the last thing I would like to do this Christmas. Geez, no one was taking the role so I guess it is really meant for me though I’m quite hesitant, I accepted it. After the events, it was both exhausting and extremely fun. I never thought I could ever stand in front of a large crowd as I did. Maybe I wasn’t good enough as this was only my first time but their affirmation on my new found skill, should I even call it a skill hehe, is priceless.  [click to continue…]

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The Promise of a Sun Life Financial Advisor

Jayvee Lazaro Badile II with his death claim processed in less than two hours

If you are reading this then I guess you already have an insurance policy or currently looking for one. Everyone, of course, is in search of the best deal in life insurance. Most will correlate the word best deal to a cheaper price tag.  But for me when it comes to life insurance best deal means that I can get my money when I need it or let’s say my family can claim the benefits when I’m gone. [click to continue…]

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Ang Lingkod ng Panginoon: A Spiritual Encounter of a Lifetime

ang lingkod ng panginoon makatiAng Lingkod ng Panginoon or The Servant of the Lord is a Catholic movement composed of single young professionals dedicated in “Christifying the workplace”. Did the first sentence scare you? But will you accept the invitation if you’re invited to attend an event they organized? Though I was skeptical at first to join but it turns out to be the best decision I made for this year, or my entire life even if it’s still too early to say that. [click to continue…]

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The 20-50-30 Rule: A Beginners Guide in Budgeting

50-30-20-rule

Being new in the workforce and managing salary is quite a daunting task. It can be very difficult to strike a balance between what you want and need. Adding all the sales in malls or from your favorite stores can really mess up your cash flow that’s why you need to do budgeting. I’ll be sharing a budgeting idea that I’ve been using for years and it’s called the 50-30-20 rule. This is just a simple and yet very easy to follow budgeting idea that you can do to improve the way you handle money. [click to continue…]

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Making Employees More Productive thru Financial Planning

TheWiseGuyPh together with Ms. Glesie Aquinio, posing with the number 1 sign, done a financial planning session in a company in Makati. As a financial advisor, being invited to host an event like this is rather rare but very powerful initiative of a company to its employees. Only a few companies would take the time to arrange an event like this that’s why I guess they’re very attentive during the session. So if you are an HR people who are actively looking for company benefits to give your employees? Or someone who holds a high position in a company then this post is for you. [click to continue…]

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Rich Dad Poor Dad: A Must Read to Develop a Millionaire Mindset

rich dad poor dad

After finishing college, all that I wanted is just to work and get a fat paycheck. I have this idea that all professionals are well paid not until I landed my first job. While signing the contract, I want to grab the HR by her collar and tell this line “excuse me pero engineer ako”. (Sorry for sounding so entitled because that’s what I thought.) But as days go by I come to realize and eventually rephrase that line into “Oo, engineer nga lang pala ako”. [click to continue…]

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5 Simple Steps to Achieve Financial Freedom

steps to achieve financial freedom in the philippinesFinancial literacy is not thought in schools nor homes. Most of the time it’s just self-thought. So if you know someone maybe a friend who is knowledgeable about it then this might be the perfect time to reconnect with him. Reality strikes, not everyone has that kind of friend. Luckily, the internet is already accessible for most of us to learn this easily. While you would like to achieve this it in a short span of time you might also want to take into consideration your current financial status, knowledge, and of course be realistic. [click to continue…]

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