Sun Fit and Well (SFW) is a participating whole life plan that offers comprehensive life and health protection from Sun Life. All of us will experience at least one critical illness in our lifetime that’s why preparing this early is like doing yourself a favor that when you get one your still in great comfort knowing that financial difficulties won’t add to the distress brought by the illness alone.
Sun Fit and Well Health Protection Element
Sun Life’s new generation wellness plan that aims to provide comprehensive protection for critical illness to address your needs while going through key stages in your health from prevention, diagnosis, treatment, and rehabilitation.
Preemptive Wellness Benefit
Prevention is better than cure and Sun Life knows it well that’s why they created a wellness program for you. With this, you can access several programs and enjoy special privileges that can help your mind and body to be fit. Access to a wealth of health and wellness information, join fitness and wellness events and learn from experts about nutrition.
Critical Illness Benefit (Diagnosis)
Get protected from financial difficulties brought by being diagnosed with any critical illness. The plan covers 64 major critical illnesses, 34 minor critical illnesses, and 16 specific cancer conditions giving you peace of mind knowing that you can lean on this plan when you become critically ill.
SFW has an embedded hospitalization benefit from day one (1) until being discharged from the hospital. The plan will also give Php 5,000 for follow-up check-ups related to the critical illness that caused the confinement provided that it’s a doctor approved check-up.
You will also receive a home recovery benefit which is a lump sum of money following the hospital discharge. In any case that you are terminally ill with a life expectancy of 6 months or less then you will be entitled to receive the 10% of your original face amount as palliative care benefit.
Guaranteed Cash Benefit
As early as age 65 you will become eligible to advance the 5% of the original face amount for 8 consecutive years, giving you a steady stream of income that you can rest on your golden years. This feature is only available to Sun Fit and Well Plus and Advantage.
Eligibility & Payment Options
SFW is available for ages 0 (30 days) to age 60 with life protection until age 100.
Sun Fit and Well can be paid in 10-years, 15-years, and 20 years but the frequency of your payment is dependent on your age and variant of the plan you’re getting.
Sun Fit and Well Variants
There are three variants for this plan namely Sun Fit and Well, Sun Fit and Well Plus, and Sun Fit and Well Advantage. All these plans are payable in 10-years, 15-years, and 20 years depending on your age and preference. So how these products differ from each other?
Sun Fit and Well (10/15/20)
This covers prevention, diagnosis, and life insurance coverage. This is the most basic package. Note that this plan won’t cover rehabilitation and it doesn’t have endowment benefit. Like most whole life insurance, it has cash value and non-guaranteed dividends that you can get or leave in Sun Life to accumulate and earn interest.
Sun Fit and Well Plus (10/15/20)
If you want endowment benefit then consider getting an SFW Plus plan. You get to avail the benefits of the basic plan, Sun Fit and Well, but with the added benefit of an endowment. Who wouldn’t like receiving a steady stream of income, right?
Sun Fit and Well Advantage (10/15/20)
With a little extra budget, you can avail the most comprehensive health protection plan which is the SFW Advantage. Imagine how a little addition on the premium can make a difference to the benefits you can receive. You’re covered from prevention, diagnosis, treatment, and rehabilitation plus it has anticipated endowment benefit. If you’re considering Sun Fit and Well as your health protection plan then make the best choice of getting the advantage variant.
Request for a FREE Proposal
You know that it pays to be healthy for you to enjoy your hard-earned possessions. Have peace of mind and be confident even if you become ill knowing that you can afford the treatments because you have an SFW Plan. Get a FREE proposal and request an appointment with us today!
Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom.