How to Become a Sun Life Financial Advisor in the Philippines

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Updated: April 30, 2022

There are about 8.7% or more than 4 million Filipinos that are currently unemployed as of April 2021. While the underemployment rate rose to 17.2% which is equivalent to 7.45 million. The growing need for life insurance especially during this pandemic opens great opportunities to unemployed and underemployed Filipinos.

This additional job is for you if you wanted to supplement your income for the growing needs of your family. It is also a perfect job for those who are looking for a career with a purpose, independence, and freedom.

Get to know Sun Life?

Sun Life is the first and the oldest (127 years) insurance company in the Philippines. It also has more than 5 million clients as of 2020. So if you’re up for the challenge of helping others, then you’re in the right place.

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

Sun Life is established in 1895, three years before the Republic of the Philippines was founded. So Filipinos can enjoy the humanitarian benefits of insurance.

Why Become a Sun Life Financial Advisor?

There are several reasons why you should join Sun Life aside from the attractive compensation package. Here are some of the reasons.

Earn Unlimited Income

Have you ever felt being salary-restricted when shopping in a mall? How about eating out and being freaked out by how much a single dish costs? Ughh, your dream vacation that was put on hold because of a limited budget?

Did you know that Financial Advisors get to write their paychecks?

Similarly, if you pursue this career, you may get to buy your wants, eat without looking at the price on the menu, and take a vacation without breaking your budget.

I bought my first car using my earnings as a Sun Life advisor. It is something I need to service my beloved clients. Now, I’m looking forward to buying my dream car.

I earned my first million. Most advisors will say that they bought a car, started a business, made their first million, and so on when they joined Sun Life. I guess it’s possible if you’re working hard in a great company. It’s genuinely a fulfilling job when you can get the things you deserve.

Work on Your Most Productive Time

Are you tired of waking up daily at 4 am to prepare for work at 8 am? How about the ever stressful traffic from home going to your office? I know it’s frustrating to brave EDSA just to arrive late. But once you join Sun Life, you’ll not be required to wake up early. In other words, you can rise from bed at 9 am and still be productive. (But of course, if you can still wake up at 4 am then it’s better.)

Enjoy Professional Growth

Sun Life offers financial assistance to further your competency. They also provide FREE training and seminar so you can be confident in answering the questions of your clients. Promotion is also given to those who perform well, regardless of age and tenure. I’ve seen as young as 22 yrs old being promoted to unit manager, making him the youngest unit manager in Sun Life’s history. Who knows if you’re the next in line?

This is our picture while enjoying our all-expense paid trip by Sun Life for 3 days and 2 nights in Shangri-la Boracay. We did not even spend a centavo for this whole trip on food, transportation, and accommodation.

Get Rewarded for Your Efforts

Don’t you love to be recognized for your hard work? No matter how big or small the battle Sun Life knows how to recognize it through simple prizes like jackets, certificates, cash incentives, medals, trophies, and even one of your dream vacations like a trip to Boracay, Bohol, Japan, the Caribbean, etc. On top of that, Sun Life is very generous in giving bonuses you won’t usually get by working in an office setup.

A Business of Helping Others

What I truly love about being in this career is the power vested in us to change the lives of our clients. Commission, incentives, bonuses, etc. are just like icing on the cake. Above all, nothing beats the happiness that comes from securing the future of a family.

The simple “thank you” that we receive is a motivation that keeps us going no matter how challenging it might get.

Always remember this, financial advisors’ work is not just about selling life insurance and collecting payments. But rather to become part of their journey toward financial freedom.

How to Become a Sun Life Financial Advisor

I’m glad that you’re interested in becoming a Sun Life financial advisor. But keep in mind that the steps and procedures you’ll have to undergo are different from your usual employment. Nonetheless, I can guarantee that it will be worth it.

So here’s how to become a Sun Life Financial Advisor.

1. Fill Out the Form

Excited to be a Sun Life financial advisor? So what are you waiting for? Kindly fill out the form at the end of this article and make sure to put complete and correct information.

This is not your usual job.

You’ll be dealing with the hard-earned money of your clients which you may not even know personally. So it’s important that we get to know you, especially since you’ll be part of our team. We will also ask you to upload your updated CV or resume for the same purpose.

Once you submit the form, it means that you had read and understood this article. Once you submit the form, you will be automatically enrolled in online training.

2. Pay the Examination Fee

As mentioned earlier, this is not your usual corporate job. Here, you will get licenses to be able to sell insurance products as mandated by the insurance code. There are two licenses you need to secure i.e. traditional and VUL.

So you must pay Php 2,020 for the two licensure examinations which may be held online, at the Insurance Commission, or in a remote location (Sun Life BGC Centre).

I expect you to settle your examination fee immediately. You can pay it by sending it to Sun Life’s bank account.

Bank: Bank of the Philippine Islands (BPI)
Account Name: Sun Life of Canada (Phils) Inc
Account Number: 0993015679

Don’t forget to screenshot your payment as proof and send it to me.

3. Insurance Training

You’ll be enrolled in online training to equip you with the general concepts about life insurance that you need for your IC exams. At times, you might be trained by the unit manager to speed up the process. Fret not, online training can be done at any time of the day. You can finish this in one or two days.

Once completed, you’ll receive a certificate. By then we can now ask for an examination schedule.

4. Completion of Requirements

Most of the requirements needed by the company are very easy to secure except one i.e. NBI clearance. So set an appointment as early as possible or you may opt for home delivery if you’re only for renewal.

I divided the requirements into two sets so we can be systematic.

Requirements (Set A)

• Soft copy of ID picture (preferably in the yellow background)
• Latest Income Tax Return (ITR)
• TIN Card or any BIR document indicating TIN
• Proof of SSS (any document showing SSS number like payslip, company ID, E1, etc. except UMID)
• Payment of Exam Fee (Php2,020)
• Insurance Concepts Training Certificate
• NBI Clearance
• Photocopy of clearance from employer (if currently unemployed)
• Permit to Sell from management (if government employee)

You have to finish these requirements while waiting for your examination day. Basically, you have 2 weeks prior to your examination. That’s enough time for you to review for the exam and complete these.

Requirements (Set B)

• Advisor Contracting Manual (ACM)
• Photocopy of Exam Results
• Licensing Fee (Php3,030)
• NBI Clearance hardcopy
• SLTC training certificate
• 2 Documentary stamps to be affix in CA forms
• 2 (Trad & VUL) properly filled out and “notarized” with documentary stamp Certificate of Authority (CA) Forms.

After your examination, results will be released in 1-2 weeks. You’ll use this time to finish the second set of requirements, including the second online training, and of course to list your prospects.

5. IC Licensure Examination

You’ll have to take and pass the licensure examination by the Insurance Commission. It’s a 50 items test per license and the passing mark is 70%. Don’t worry, we have a review session to make sure you’ll be able to pass the exam on your first try. Because it’ll be a waste of your money and time if you fail. And we don’t want that, right?

6. Pay the License Fee

You have to pay Php 3,030 using the same bank account of Sun Life for your license. Just like before, you have to screenshot the confirmation of transfer as proof of payment.

7. Contracting and Coding

Good news! Contracting can be done online. Once you understand the benefits and guidelines of the company you can now sign the contract.

By then, we can now request your code. It will serve as your identity in Sun Life. You use it in every transaction you have while representing the company.

8. Protect and Serve

You’re now ready to secure the future of your friend, family, and even strangers. Because you know they need life insurance. They need you to help them.

That is something you have to understand. You will be there to show the value of life insurance. But it doesn’t end after the sale. Because it’s just the start of your commitment to your clients.

Learn More About Our Team

Our team is called “Acqua di Gio Unit.” You may watch my Youtube video to know more about why I picked this name.

Who is Federico?

My name is Federico Suan, Jr., an electronics engineer who founded TheWiseGuyPH in 2017. I joined Sun Life in the hope of creating more income for the growing needs of my family since my father died in 2015.

To date, I am the youngest successful financial advisor in one of Sun Life Branches in Makati. I was able to achieve that despite being so timid, lacking the right market to offer my services, and having no sales experience at all.

You may wonder how I made it, right?

My need during that time is more significant than my fears. So I just have done what I have to do. Shy? I joined several activities and communities wherein I can practice my social skills. No market? I created my own thru Facebook and Google marketing. No sales experience? I read books, watched sales techniques on youtube, and enrolled in several workshops to upskill myself.

And if I’ve done it, then there’s no reason for you not to.

You might even surpass me, and I’ll be more than happy to be part of your success.

Meet Our Team

Our team is composed of engineers (just like me), accountants, hoteliers, salespersons, professors, government employees, etc. who are hard-working individuals and very passionate about helping others.

What are the Qualifications?

The qualifications I’m looking for in an advisor empower the team. So before you fill out the form below please assess yourself if you’re fit for my team. Some are non-negotiable and if deemed appropriate you might be transferred to another unit manager.

So here are the qualifications I’m looking for:

• 25 to 40 years old
• Living (willing to work) in NCR
• Open for additional job
• Reachable via messenger, text, call, etc.
• A college graduate is preferrable but not needed
• Former student leader is a PLUS
• Management experience is a PLUS
• Sales experience is a PLUS

Being a Sun Life financial advisor, as you know, is an additional job. Unlike your corporate job, you’ll not get a salary. What you’ll get are commissions, bonuses, incentives, etc. which are all dependent on your productivity.

Aside from it, I expect you to be reachable via messenger, texts, and calls when needed. It’s just that I want you to be aligned with the goal and direction of the team. Open communication between us will help you achieve your goals and eventually help the team.

The last four qualifications are negotiables. And if you qualify from those means that you will be an asset to the team. Of course, I am looking forward to having advisors with strong leadership.

Lastly, it’s not listed above but it’s an important value to possess is obedience. This journey is never a walk in the park. You may come across some struggles and numerous rejections in this job but never lose hope and remain obedient.

I have had a fair share of difficulties in this career, and I was able to overcome them by being obedient to my manager.

Thus, you need to be obedient to me as your manager, and I’ll assure you of your success in this job.

Join Our Team Today!

So are you ready to jumpstart your career in Sun Life? Fill out the form below, and we’ll contact you within 24 hrs. See you soon 🙂

Frequently Asked Questions (FAQs)

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Disclaimer: I am a proud Sun Life Financial Advisor who can help you in your journey towards financial freedom. However, my posts only reflect my personal views and opinions.