Latest update: June 21, 2023
Today, I’ll be sharing a comprehensive review of Sun Maxilink Prime. It is one of the best-selling life insurance and investment plan from Sun Life. However, even if you know, or have talked with an agent, it may not be enough to convince you. So you might be asking yourself, “Is this the best plan for me?”
So here are a few reasons why it is the best plan for you.
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10 Reasons Why Sun Maxilink Prime is the Best Plan For You
A few years ago, I asked myself, “Is it the best plan I can get?” I bet you have the same question in mind. Fast forward to 2023, and I’m currently paying for six (6) life insurance plans; it remains my top pick.
So what made me and my clients choose Sun Maxilink Prime? I want to be transparent; that’s why aside from my views. I have compiled the reviews of my clients. And here they are.
1. Financial Security
First things first, life insurance is the main benefit of Sun Maxilink Prime. It provides financial security so that your family can still proceed with the dreams you have made together even when you are gone.
For millennials and non-breadwinner, it serves as repayment or an act of gratitude to their parents.
One of my clients, an engineer, said, “Ton, para ‘to sa parents ko. Naisip ko kasi paano kung mawala ako agad, eh di pa naman ganun kalaki ang ipon ko.”
For breadwinners, it serves as a blanket of protection.
I asked another client, a pharmacist, “Sir, bakit niyo po biglang naisipan kumuha ng life insurance? He said, “Yung pinsan ko kasi, namatay kailan lang. May nakuhang pera yung mga anak galing sa life insurance. Napaisip ako na importante pala talaga ang life insurance lalo na at nag-aaral pa yung mga anak ko.”
Another client, a lawyer, said, “Alam mo Federico, madami na nag-alok sa akin ng life insurance not until my nephew died in an accident. I was bothered kasi he’s too young at meron pang baby. If it happened to him, it might also happen to me, eh paano na yung mga anak ko? That’s why I called and met you agad for help.”
2. Increasing Life Insurance Coverage
Unlike other VUL plans, Sun Maxilink Prime provides increasing life insurance coverage. It is possible because your beneficiary/ies can get the accumulated fund value on top of the basic life insurance coverage.
My client, a teacher, joyfully shared, “Ton, last week, meron nag present sa akin na whichever is higher daw yung makukuha between life insurance and fund value. Ayos pala yung plan na ‘to kasi parehas makukuha—walang sayang.”
Imagine if you have Php 1Million in life insurance, and at the time of your demise, your investment is already Php900k. In other plans, your beneficiaries will only get Php 1M.
But with Sun Maxilink Prime, they will receive Php1.9 Million.
That’s a huge difference.
3. Growing Investment Fund
Sun Maxilink Prime gives you vast investment opportunities like a mutual fund. You may enjoy interest rates from 4% to 10 % p.a. that you will not usually get in a bank. Probably, it’s one of the reasons why many want to get life insurance plans now. Back in the day, life insurance only focuses on death benefits, which only answers the question, “What will happen to my family if I die early.”
On the other hand, Sun Maxilink Prime answers two questions, “What if I die too early” and “What if I live too long.” Thus, if you live too long, you will reap the rewards of your investment.
4. Professionally Managed Funds
In Sun Maxilink Prime, a professional fund manager will look after your investments. These fund managers have 10, 15, 20, or even more years of experience. Thus, giving you confidence that someone is managing your hard-earned money.
I asked another client, an accountant, “Ano yung nagustuhan mo sa Sun Maxilink Prime?” She answered, “Gusto ko na professionally managed siya. Sobrang busy sa work lalo na at kapromote ko lang. Minsan 11 pm na ko nakakauwi, wala na kong time to monitor my investments.”
5. Flexible Payment Scheme
You can pay it annually, semi-annually, quarterly, or monthly via an auto-debit arrangement. So, you can settle it most flexibly for you. Sun Maxilink Prime may be paid for at least ten (10) years, provided that there were no partial withdrawals.
You may also increase your investment fund in two ways.
- Pay more than the due. So, if you have a Php50k annual plan, you may pay, let’s say, Php60k. The additional Php10k will go straight to your investment fund.
- Pay beyond ten (10) years. If you wish to continue paying for your plan (which is done by many), you may do so. Also, anything you pay beyond ten (10) years goes to your investment fund.
Remember, the bigger the capital, the more interest you will earn.
6. A Test of Commitment
You already know that Sun Maxilink Prime is a minimum of 10 years to pay plan. Technically, ten (10) years is a long time. Just like growing a tree, it will not bear fruit overnight. Hence, commitment and resilience are needed when you get this plan.
I have worked since 2015 and did not notice that seven (7) years had already passed. It might be the same after ten (10) years. So, I always look ahead because I know that, in the future, I will reap the rewards of my hard work and financial decisions.
7. Customized Based on Needs
It can be tailored to fit based on your financial needs and requirements. You may add optional benefits like ADB, ADDD, CIB, and HIB to your plan. However, keep in mind that CIB and HIB are paid continuously after ten (10) years.
8. A Sense of Fulfillment
If I ask you, “When do you usually feel fulfilled?” Probably, it’s when you have finished a task or maybe a plan. You might feel that you have done something right. I’ll tell you, it is the same feeling you will get with this plan. After ten (10) years, it will give you a sense of fulfillment because you have done something good for yourself and your family.
9. Forced Saving Mechanism
Most millennials, and even young adults, find it difficult to save money. I have to admit that I also find it difficult. It’s hard to choose between saving money versus buying clothes, shoes, gadgets, etc.
Sun Maxilink Prime makes it easy for you to save money because you are required to settle it on time. Like utility bills, you need to pay them on time, or else the service will be disconnected. You don’t want that to happen with your insurance policy.
I asked another client, HR manager, “Ma’am, bakit mo nagustuhan yung Sun Maxilink Prime?” She answered, “Gusto ko yung idea na parang utility bill lang siya, mapipilitan ka talaga mag-ipon.”
10. Develop Good Money Habits
Most importantly, Sun Maxilink Prime can help you develop good money habits because you are saving money for your future. I know you need those pairs of shoes, clothes, bags, or even a few vacations because you deserve them. Maybe, it will not hurt if you buy just two (2) new pairs of shoes instead of three (3)?
My point is that you don’t have to sacrifice all your comforts in life—just a bit. Life is too short to be so deprived of the things you deserve.
With that small sacrifice, you will find comfort in knowing that your family’s future is protected no matter what.
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Remember, nothing comes good from procrastination, only regrets. I know that you don’t want to live in regret. So I’ll be waiting for your inquiry, my future client 😊. You may reach me via 0917-775-8352 (Globe) or e-mail me at firstname.lastname@example.org. You may also click the buttons below or fill out the form.
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.