Sun Flexilink an Affordable Insurance with Investment Plan from Sun Life

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Sun Flexilink is a regular pay Variable Universal Life (VUL) product from Sun Life that offers income protection and wealth accumulation in a more affordable scheme. If you read my previous post (link) you’ll know how important it is for me to be insured. My father died a few years ago without one and it has been a financial roller coaster for me since then, that’s when I’ve seen the importance of it for my family (future family). I don’t want my future kids to take my role (provider) if I die too soon because I know how hard it will be for them. Don’t get me wrong, I  love my father even though he didn’t prepare for this because he didn’t know about this at all. If you’re reading this it means that you’re lucky because you can still do something today your future self will be thankful of.

All this protection plus it has investment component that grows my money over time which I can use for my retirement, an education fund for siblings or kids, buying life goals (i.e. car, house, etc.), and other things I need.

Think About This?

I’m sorry but I need ask, can you imagine what kind of life your family will have if you’ll be called by our creator today? Will they still live the same lifestyle? Can your sibling/kids go to the same school? If not, you better get a life insurance now.

Contents (Quick Links):

  1. What are the Benefits of Sun Flexilink?
  2. Sun Flexilink Brochure
  3. Sample Proposal
  4. What are the Requirements?
  5. Get a FREE Sample Proposal

Sun Flexilink is a predecessor of Sun Maxilink Prime which is VUL that basically offers life insurance coverage until age 88 and in which investment is in the form of a mutual fund. If you don’t know what is a mutual fund, it’s just a pooled fund managed by a fund manager who will invest the pooled money between bonds or stocks based fund of your choice. If a mutual fund is new to you, don’t worry because your Financial Advisor can help you pick the most suitable fund for you.

READ MORE: Sun Maxilink Prime | 3-Easy Steps to Secure Your Future

Like any of the plans out there, this is best explained with an example. I will share a sample proposal I made for myself.

Federico Suan, Jr., 25, Male, Non-smoker, Index Fund with an ave. historical return of 10% p.a.

Yearly Premium:       Php 31,670
Semi-Annually:          Php 15,835
Quarterly:                     Php 7,918
Monthly:                        Php 2,640
Daily:                             Php 88 (just the price of your favorite fast food meal)

Life Insurance Coverage: Php 1 Million

This is the lump sum amount my family can get to continue the life they are living today when I die (Lord, please not too soon). My brothers can use this amount to finance the education of our younger sister and provide the needs of my Lola. This is to show how much I love them even if I am not physically present there to provide their needs.

Total Disability Benefit (TDB): Waiver of Premiums

A rider, additional benefit, I attached to my plan that will waive my future payment when I get totally and permanently disabled. When this benefit gets activated, Sun Life will pay the future premiums on my behalf. It is as if I am still paying my plan even though I can no longer work pay for the premiums. This is a must have a rider to any insurance plan.

Accidental Death, Dismemberment, and Disablement Benefit (ADDD): Php 1 Million

This is also a rider I attached to my plan for additional coverage. When I die due to an accident, my family will get this together with my basic life coverage which makes the lump sum to Php 2 Million. If I am lucky to survive the accident but lost any part of my body, I will receive a corresponding percentage of my ADDD coverage (e.g. if I lose my one eyesight then I will receive Php 500,000). If I become permanently disabled I will receive Php 100,000 every year for the next 10 years for a total of Php 1 Million in benefits.

Hospital Income Benefit (HIB): Php 1,000/day

This is something I can get when I get confined and serve more as a daily income replacement. I can avail this benefit for a total of 1000 days or a maximum of Php 1 Million. The benefits I can get will double or become Php 2,000 when I get confined in ICU or hospitalized due to any of the dreaded diseases listed below.

Dreaded diseases include stroke, chronic liver disease, dissecting aortic aneurysm, end-stage lung disease, end-stage renal disease, multiple sclerosis, major organ transplant, invasive cancer, poliomyelitis, progressive muscular atrophy and acute heart attack.

Critical Illness Benefit (CIB): Php 1 Million

Medical treatment can be costly and can wipe out all my savings when I get critically ill. I can get this benefit when I get diagnosed or treated for any of the 36 critical illness listed below. Critical illness includes stroke, heart attack, invasive cancer, dissecting aortic aneurysm, etc. The premium of this rider increases every 5 years and after the paying period, the accumulated funds will have to pay for the succeeding premiums.

Investment Benefit

There are 9 available funds you can choose just ask for the assistance of your Financial Advisor in picking the fund. In my case, I’ve chosen the index fund with an average historical return of 10% p.a. The index fund invests in top publicly listed companies like Ayala, SM, Jollibee, etc. which makes me enjoy the benefits of stock market indirectly.
sun-flexilink-investment-growth

It’s also good to note that because VUL plans like this is directly linked to your investment. It will be affected by how the market performs so funds are not guaranteed. You may still be required to continue paying the plan when funds become insufficient.

When I retire at age 65, I will have a projected fund value of Php 1,074,463 which I can use to build a small business or other things I may need for my retirement. The fund can also be used as an educational fund for my future kids. We all know how much the cost of sending a child to school nowadays that’s why it pays to be prepared for it as early as now. You can use the fund for whatever purpose you may seem beneficial to you like buying a car probably, building your own house, etc.

What are the Requirements?

You need your initial payment, signed application forms, and one valid ID. Initial payment is at least 1 quarter or 3 months worth of premiums.

Get a Sun Flexilink Proposal NOW!

Protect the future of your family by getting a VUL policy today. Some terms are technical in nature that an ordinary person may not understand without the help of a Licensed Financial Advisor. I strongly recommend a personal meeting which is FREE of charge. Don’t worry because you won’t be required to get any plans from me. You may not like it and it is perfectly fine with me. You can reach me thru  0917-775-8352 or e-mail me at federico.suan@gmail.com or at my official e-mail via federico.l.suanjr@sunlife.com.ph

READ: 6 Reasons Why You Haven’t Received a Proposal

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19 comments… add one
  • rp

    how is this compared to the sun maxilink prime po? which is better? and what are the differences? thank you.

    • Federico Suan, Jr.

      Hi RP! Better is subjective and will depend on a lot of factors. But just to give you an idea, if you’re still young (like 20’s-40’s) then Sun Maxilink Prime is a better option as it will generate fund value faster than the Sun Flexilink plan. You may use this fund value for retirement, additional health fund, etc.

      This is best explained in person because it may get too technical which you may not understand. Thanks!

  • julia

    Hi.

    Julia here.

    I wish to inquire about your products with Sunlife. Hope you can send me a proposal.
    Thanks.

    • Federico Suan, Jr.

      Hi Julia. Sorry but you provided very little info about you. This is best discussed in person so you can get all your inquiries addressed. Financial consultation is like going to the doctor. You can’t just ask the doctor for medicine just because you feel you’re ill without him check you for possible reasons. The same goes in getting a financial advice, we can’t address the issue not unless we talk about this thoroughly. If you have time just send me a message and let’s see how I can help you from there. Thanks

  • Rue

    Hi! Ive read ur post and ive been thnking on applying for insurance..the kind that will allow my family to have something to start on when i die..the problem is..i am already diagnosed with CKD5 and have been on dialysis since..i am still working though ..so is it possible for me to still apply?thank u

    • Federico Suan, Jr.

      Hi Rue. Well, you can apply but I’ll be honest to you that you have little to no chance of getting approved because you already have an existing condition. Insurance is bought by your health and is only paid by your money. For those who would like to get an insurance, get it while you are still young, healthy, and able. If you’ll like to try your chance then you may email me or contact me thru my mobile number. Thanks!

  • jasper

    sir good day im 25 yrs old im interested in investing .. what platform is best suited for me, i would like know my options

    • Federico Suan, Jr.

      Hi Jasper. Sun Flexilink is not an investment plan but rather a VUL plan, an insurance with investment. If you are relatively new about financial literacy stuffs you may kindly see my post about 5 steps toward financial freedom. I’ll link it here below. I hope you’ll get yourself insured first. Thanks!

      READ: 5 Simple Steps to Achieve Financial Freedom

  • Bernadette Cais

    Hello Federico,
    My husband and I are retired(he is (he is 74 and I am 70).
    We are balikbayans from the US. Do you have any type of insurance for us- we are shopping around locally as we are planning to discontinue our current coverage from the US.

    • Federico Suan, Jr.

      Hi Ms. Bernadette. Sorry, but we only issue life insurances until age 70. Thanks

  • Jak Tan

    Hi i would like to know more. email me back.

    • Federico Suan, Jr.

      Hi Jak. I’ll reach you thru email. Thanks!

  • Dyanne DL

    Proposal for Flexilink

    40 yo
    Non smoker

    Willing to pay 1500/mo only

  • Norman B. Matoza

    I want a proposal for vul for my one year old baby how much will be the monthly payable in 5 years.And my 6 years old child.How about if i want only to get a mutual fund for them how much is the minimum payment every month.

    • Federico Suan, Jr.

      Hi Norman. You can start your mutual fund for as low as Php 1,000 pesos with Sun Life. The succeeding payment or let say the investment is dependent on how much and when you want it to be done. Thanks!

  • Roy

    How long is the paying period for this sun flexilink..thanks..

    • Federico Suan, Jr.

      Hi Roy. Sun Flexilink is a regular VUL which means you’ll have to pay it until age 88. But you can do a premium holiday like you can pay it in 3 years or 5 years but of course, that is if you are willing to set aside more. Thanks

  • Melissa Par

    Hi Sir, question lang.. Pwede ba maipachange yun insurance plan from flexilink into maxilink?

    • Federico Suan, Jr.

      Hi Melissa. No, it’s not allowed to convert your plan. You may, however, ask your advisor to make amendments on your plan to suit your current needs. I hope you’ll keep your plan as Sun Flexilink is also a good plan to start with. Thanks and regards,

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