Credit Card Payments for Sun Life VUL Plans

  • Share

Sun Life is now accepting credit card payments for VUL plan applicationSun Life is pleased to announce that credit card payments are now accepted for VUL plans. Previously, only traditional life insurance policyholders can use this facility. But not anymore because of this latest update of Sun Life to give its clients more option in paying their life insurance application and premium renewals.

READ: Sun Life Insurance Plan Payment Options

3 Ways to Pay Sun Life VUL Plan thru Credit Card

This is now available for regular peso-denominated VUL plan up to Php 100,000 per modal transaction. Meanwhile, are the 3 ways on how you can pay your plan using a credit card.

Sun Life’s Client Service Center

You can pay it in over 70 client service center (CSCnationwide. You just need to present your credit card to a Sun Life representative in proper crediting of your payment. However, this only applies to new applications only.

READ: Sun Maxilink Prime | The Best-Selling VUL Plan from Sun Life

Phone Call

Another way to pay your initial premium for your new application is thru a phone call. You may call our client care (632) 849-9888 or Policy and Plan Accounting at (632) 555-8888 loc 5690 to get an approval code. Then, get credit card sales at any CSC, fill out and sign before submitting it again to CSC.

Auto-Charge Agreement

Existing VUL policyholder is also allowed to pay their premiums via credit card thru an auto-charge agreement(ACA). Just ask your financial advisor for ACA enrollment so your agent can submit it in any CSC.

Frequently Asked Questions:

What kind of plans can be paid using a credit card?

Only regular pay Peso VUL plans can be paid using a credit card. To sum up, these are Sun Flexilink, Sun Maxilink Bright, and Sun Maxillink Prime.

What is the limit per credit card transaction?

The limit is Php 100,000 per modal payment (monthly, quarterly, semi-annually, or annually).

What type of card is acceptable?

Sun Life credit card payments via Visa and Mastercard-powered credit cards.

Why I cannot pay my renewal premium using the first two options?

Opening the credit card facility for VUL plans holders is made possible to make it easier for you in doing business with Sun Life. Renewal premium can only be paid thru ACA is to ensure that you will not appear to be investing from credit. The only trigger for charging the premium is on your policy due date rather than any time you may want.

*****

2 comments… add one
  • LUZ C. ABUNDO Link Reply

    Hi Federico. I want to pay the insurance premiums of my children through my credit card. Which type of card is acceptable by Sun Life

Leave a Comment