Updated: May 19, 2021
In 2019, the Current Health Expenditure (CHE) in the Philippines rose to Php792.6 billion based on the Philippine Statistics Authority (PSA). CHE is the total amount spent by the government, HMO providers, insurance companies, and out-of-pocket (OOF) of Filipinos for health care.
And 47.9% of which is from the individual pockets of Filipinos.
As a result, a huge health insurance gap to address. As it pushes approximately 1.5 million Filipinos to poverty each year. Consequently, it forces families to cut back on education and some important spending.
Hence, insurance companies must work harder to fill this gap. On the other hand, we have seen improvements in the out-of-pocket expenditure from 56.3% in 2017. Which translates to a small improvement in the overall health care in the country.
Table of Contents
Health Insurance Gap
Certainly, the pandemic shocks the world especially the medical industry. However, challenges in health care are an existing problem in the country. In other words, it was only amplified by the COVID-19 pandemic.
Many Filipinos died because they cannot access the medical treatment they needed. While some survive, only to face poverty. Here, the great need for life and health insurance plays a vital role in nation-building.
The Rising Cost of Getting Sick in the Philippines
In 2017, there were about 4 Million Filipinos covered by HMO with an average maximum benefit limit (MBL) of Php150,000 only. Definitely a great help to ailing employees. However, it is not enough to cover major medical health concerns such as stroke, cancer, heart attack, etc.
Firstly, it may give you a false security blanket that your coverage is enough. Furthermore, a stroke costs around Php 1.8 million. In addition, a heart attack costs Php 900,000, breast cancer at Php 430,000 and lung cancer at Php 2.7 million.
Meanwhile, the difference between the MBL and the actual cost of treatment is what we call the “out-of-pocket”. Here, you have two choices when you get ill.
First, to personally cover the medical cost by selling your properties, using your savings intended for other things, such as the education fund of your kids, building a house, starting a business, etc. Second, to transfer the risk to an insurance company by getting life and health insurance.
How do we come up with the list?
Many companies are claiming the number 1 spot as the top life insurer. There are even blogs and websites that decided to consolidate the data from the insurance commission (IC) to come up with their own ranking. Don’t worry, this blog is here to help you with the confusion.
In April 2021, IC released 5 financial reports, and different companies topped each metric. But among the 5 categories, only one of them is widely used to come up with the top 10 life insurance companies. It is not just in the Philippines, but the entire life insurance industry in the world, and that’s “Premium Income.”
Premium Income is the revenue that an insurer receives as premiums paid by its customers for insurance products. When a customer purchases an insurance product, such as a health insurance policy, the customer’s cost for a specified term of the policy is called the premium. (Investopedia)
How to interpret the categories
But it doesn’t mean that other metrics are not important. For instance, you can use them to know the overall financial health of a company. So here’s a way to interpret each category.
Premium Income
It is the combination of past and present business of the insurance company. The past business is often called the renewal premiums. And a good percentage of renewals means that clients are happy with the services so they continue paying for their plans. On the other hand, it means that the company made quality business. While the present business is what we call the NBAPE.
New Business Annual Equivalent (NBAPE)
It signifies the sales performance of an insurance company in a given year. Therefore, acquiring new business is very important. That is to say, new business is a reflection of how the general public perceives a company. Thus, growth is desirable. While a decline might mean losing interest or trust.
Net Income
Basically, it is the income minus expenses. It shows how profitable the business. Importantly, you must consider profitability because you will be placing your hard-earned money through insurance. Of course, you want the company to be there when the time comes.
Net worth
It is equal to the assets minus liabilities. Certainly, it shows the capacity of a company to cover its liabilities such as claims. And you can look at this to foresee if the net worth of a company will be enough for future claims.
Total Asset
It is composed of current and fixed assets. Here you can see how the company manages its assets. Thus, a good company should have growing assets to support the business and sales.
Sun Life Remains the Top Life Insurance Company in 2021
Sun Life is hailed as the number one insurer of 2021. It is based on the latest performance released by the Insurance Commission last April 2021. Thus, It is the 10th consecutive time that Sun Life managed to top the premium income category both in traditional (whole life, term, and endowment) and variable plans.
So why it’s important to be the number one (or to be included in the top 10) insurance company?
Because it serves as a validation that companies like Sun Life can still fulfill its promise to their clients.
Remember that life insurance is an aleatory contract or a contract of promise that when a specified event occurs like death, then the insurer will have to pay the promised amount.
Of course, you want your family to get the benefits by the time it happens to you, right?
Sun Life’s Traditional and VUL Plans
It is why it’s important to consider the standing of an insurance company before availing of any insurance plan. You want that by the time that the need arises, the company is still performing well to fulfill its obligations to you. But this shouldn’t be the sole basis for getting a plan might as well consider convenience, customer service, a reputable Financial Advisor, etc.
If you want income protection with a wealth accumulation plan, then a VUL plan is perfect for you. VUL plan is designed to give you financial security and peace of mind while growing your money over time. You can request a quotation and financial consultation by following the link below.
READ: Sun Maxilink Prime | Best-Selling VUL Plan of Sun Life
If you want a cheaper VUL from Sun Life, then you can follow the link below. It is for those who are looking for other VUL plan with a cheaper tag. It has better life insurance coverage than Sun Maxilink Prime but with a lesser investment fund.
READ: Sun Maxilink 100 | Affordable VUL Plan from Sun Life
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Top 10 Life Insurance Companies in the Philippines 2021
Now, let us get to know more about the other companies that complete the list. To clarify, the top 10 life insurance companies in the Philippines are based on premium income. Importantly, the table was only made to summarize the overall performance of each company.
| Insurance Company | Premium Income | NBAPE | Net Income | Net Worth | Total Assets |
|---|---|---|---|---|---|
| Sun Life | 1 | 2 | 1 | 2 | 2 |
| AXA | 2 | 3 | 5 | 6 | 3 |
| Pru Life UK | 3 | 1 | 4 | 7 | 5 |
| Philam Life | 4 | 9 | 2 | 1 | 1 |
| BPI-Philam | 5 | 5 | 7 | 5 | 7 |
| Manulife | 6 | 6 | 3 | 4 | 6 |
| PNB Life | 7 | 8 | 13 | 26 | 9 |
| BDO Life | 8 | 7 | 30 | 8 | 8 |
| FWD | 9 | 4 | 12 | 12 | 12 |
| Insular Life | 10 | 12 | 6 | 3 | 4 |
So here are the top 10 life insurance companies in the Philippines 2021.
1. Sun Life of Canada (Philippines) Inc.
Officially founded in 1895, making Sun Life of Canada (Philippines) the first and the oldest life insurance company in the country. The ability to fulfill the promises to its clients has made Sun Life as the preferred life insurance company in most households. No wonder why it is still the top life insurance company in the country.
READ: Sun Life | A Company that Love to Pay Claims
Premium Income: 1
NBAPE: 2
Net Income: 1
Net Worth: 2
Total Assets: 2
Sun Life remained number 1 in the Premium Income category for 10 consecutive years. While it dropped to second place in NBAPE by a very small margin. However, it still managed to be profitable despite the pandemic and hailed as the top performer in Net Income. While it maintained being 2nd in net worth and total assets.
READ: Sun Maxilink Prime | Best-Selling VUL Plan of Sun Life
2. Philippine AXA Life Insurance, Corp.
AXA Philippines was only established in 1999 in the Philippines but has shown massive growth and market penetration thanks to its bancassurance business. It is a joint venture by AXA Group and Metrobank Group.
⬆ Premium Income: 2
⬇ NBAPE: 3
⬆ Net Income: 5
⬇ Net Worth: 6
⬇ Total Assets: 3
3. Pru Life Insurance Corp. of UK.
The company started in 1996 or 23 years in the life insurance industry in the Philippines. Despite being relatively new compared to its rivals, Pru Life UK bagged the 3rd place in the list.
Premium Income: 3
NBAPE: 1
Net Income: 4
Net Worth: 7
Total Assets: 5
4. Philippine American Life & Gen. Ins. Co.
Philam Life was founded in 1947 by Cornelius Vander Starr and partner Earl Carrol. Their incredible partnership has made Philam Life as the number 1 life insurance company in 2 years, 1949, in the business.
Premium Income: 4
NBAPE: 9
Net Income: 2
Net Worth: 1
Total Assets: 1
5. BPI-Philam Life Assurance Corp., Inc.
Previously known as Ayala Life Assurance Incorporated, founded in 1933. It is the country’s top bancassurance in the list thanks to the strategic alliance between BPI and Philam Life.
Premium Income: 5
NBAPE: 5
Net Income: 7
Net Worth: 5
Total Assets: 7
6. Manulife Philippines
Manufacturers Life Ins. Co. (Phils.) or just Manulife is a wholly-owned subsidiary of The Manufacturers Life Insurance Company. It was established in 1907, making it one of the oldest insurance companies in the Philippines.
Premium Income: 6
NBAPE: 6
Net Income: 3
Net Worth: 4
Total Assets: 6
7. Allianz PNB Life Insurance, Inc.
Allianz PNB Life was founded in 2001, operating as a subsidiary of Alliance SE. The company has shown incredible growth coming from 10th place last year to being 9th in the top 10 life insurance companies in the Philippines.
Premium Income: 7
NBAPE: 8
Net Income: 13
Net Worth: 26
Total Assets: 9
8. BDO Life Assurance Co. Inc.
It was founded in 1999 is a joint venture between Generali Pilipinas Holdings Company Inc. (GPHC) and BDO. Generali is now renamed as BDO Life Assurance Co. Inc.
Premium Income: 8
NBAPE: 7
Net Income: 30
Net Worth: 8
Total Assets: 8
9. FWD Life Insurance Corporation
FWD was launched in the Philippines in 2014. Despite being a relatively new player in the industry they manage to be included in the top 10 life insurance companies in the Philippines.
Premium Income: 9
NBAPE: 4
Net Income: 12
Net Worth: 12
Total Assets: 12
10. Insular Life Assurance Company, Ltd.
Insular Life is the first Filipino owned life insurance company in the Philippines founded in 1910. It is a mutual company, which means its policyholders own it.
Premium Income: 10
NBAPE: 12
Net Income: 6
Net Worth: 3
Total Assets: 4
Top 10 Life Insurance Companies in the Philippines (NBAPE) 2021
Getting more clients means generating more income that can be used for business expansion and payment of claims. It can also lower administrative and insurance charges, thus, more allocation in the investment fund of your VUL plan or dividends for a traditional plan. Pru Life UK dominated this category with Php 7.9 billion worth of new business premium. Sun Life comes in 2nd with a small margin at Php 7.8 billion.
You may refer to the table below for a more comprehensive look at the performance of each life insurance company in 2020.
| Insurance Company | NBAPE |
|---|---|
| Pru Life Insurance Corp. of U.K. | P7,950,610,172 |
| Sun Life of Canada (Philippines), Inc. | P7,800,338,556 |
| Philippine AXA Life Insurance. Corp | P4,805,192,239 |
| FWD Life Insurance Corp. | P2,872,145,988 |
| BPI Philam Life Assurance Corp., Inc. | P2,833,506,107 |
| Manufacturers Life Ins. Co. (Phils.), Inc., The | P2,757,772,799 |
| BDO Life Assurance Company, Inc. | P2,261,607,566 |
| Allianz PNB Life Insurance, Inc. | P2,233,140,100 |
| Philippine American Life & Gen. Ins. Co. | P1,861,860,556 |
| United Coconut Planters Life Assce. Corp | P1,477,778,436 |
Top 10 Life Insurance Companies in the Philippines Based on Net Income 2021
In a nutshell, net income is the total profit of a company after subtracting all the expenses in operating a business. Sun Life was able to claim the number 1 spot in net income.
| Insurance Company | Net Income |
|---|---|
| Sun Life of Canada (Philippines), Inc | P8,467,831,223 |
| Philippine American Life & Gen. Ins. Co. | P4,522,387,252 |
| Manufacturers Life Ins. Co. (Phils.), Inc., The | P4,048,885,103 |
| Pru Life Insurance Corp. of U.K. | P3,274,475,424 |
| Philippine AXA Life Insurance. Corp | P2,832,628,279 |
| Insular Life Assce. Co., Ltd., The | P2,695,144,575 |
| BPI Philam Life Assurance Corp., Inc. | P1,432,222,722 |
| Sun Life GREPA Financial, Inc. | P958,088,123 |
| United Coconut Planters Life Assce. Corpn | P674,222,268 |
| Manulife Chinabank Life Assurance Corporation | P382,850,460 |
Top 10 Life Insurance Companies in the Philippines Based on Net Worth 2021
Philam Life remained the number 1 spot in the net worth category or the amount by which the assets exceed their liabilities. It is followed by Sun Life, Insurance Life, and Manulife, respectively.
| Insurance Company | Net Worth |
|---|---|
| Philippine American Life & Gen. Ins. Co. | P78,437,432,778 |
| Sun Life of Canada (Philippines), Inc | P31,342,290,335 |
| Insular Life Assce. Co., Ltd., The | P28,218,651,477 |
| Manufacturers Life Ins. Co. (Phils.), Inc., The | P12,860,959,603 |
| BPI Philam Life Assurance Corp., Inc. | P8,817,496,193 |
| Philippine AXA Life Insurance. Corp | P8,044,250,809 |
| Pru Life Insurance Corp. of U.K. | P6,106,195,028 |
| BDO Life Assurance Company, Inc. | P5,275,716,39 |
| Sun Life GREPA Financial, Inc. | P4,220,141,927 |
| United Coconut Planters Life Assce. Corp | P3,032,631,184 |
Top 10 Life Insurance Companies in the Philippines Based on Assets 2021
An asset is anything expected to bring future benefits by generating cash flow, reducing expenses, increase sales, etc. Philam Life has once again dominated this category having Php 291.2 billion assets. Being followed by Sun Life with Php 274.2 billion.
| Insurance Company | Total Asset |
|---|---|
| Philippine American Life & Gen. Ins. Co. | P291,223,060,576 |
| Sun Life of Canada (Philippines), Inc. | P274,212,700,617 |
| Philippine AXA Life Insurance. Corp | P141,500,316,009 |
| Insular Life Assce. Co., Ltd., The | P140,928,039,691 |
| Pru Life Insurance Corp. of U.K. | P117,193,453,060 |
| Manufacturers Life Ins. Co. (Phils.), Inc., The | P117,133,189,676 |
| BPI Philam Life Assurance Corp., Inc. | P112,255,295,695 |
| BDO Life Assurance Company, Inc. | P68,467,307,840 |
| Allianz PNB Life Insurance, Inc. | P51,615,114,149 |
| Sun Life GREPA Financial, Inc. | P48,574,787,007 |
RELATED: Sun Maxilink Prime | Best-Selling VUL Plan of Sun Life
How to Pick the Right Life Insurance?
Looking for the right insurance plan as a first-time insurance buyer is such a daunting task. Don’t worry it’s fine. Everyone started somewhere. And after getting your first insurance choosing the succeeding plans is much easier.
But for now, you may follow the steps below in picking the “right” plan for you.
5 Steps in Getting the Right Insurance Plan
1. Choose 5 insurance companies
First, narrow down your choices by picking 5 companies from the top 10. And then determine what’s important qualities you are looking for like positive customer service, financial standing, and competitive pricing.
But when we say price, cheapest doesn’t mean it’s the best insurance. Look at the value first before its price.
2. Know what’s important for you
Let me ask you this, “What are your top 5 priorities.” Before getting those proposals at your disposal you must understand yourself first. Don’t be one of those people who just got an insurance plan without a goal.
Is it for your family, you want to protect them from financial struggles? Nowadays, rapidly increasing medical care is a concern. Maybe you want to secure the future of your kids by providing the best education and a roof over their heads. Some people think about retirement or what to do as a retiree. Perhaps open a business to keep you busy?
So make sure to reflect on how important this decision is for you. I’ll tell you getting insurance is a long-term commitment. Problems will shake you from time to time. You might surrender the plan without a clear purpose of why you started. I know you don’t want to waste your time and money. Thus, set your goals at this point.
3. Schedule an Appointment
Get in touch with an advisor in each company and set a meeting either face to face or virtual, i.e. Zoom. Mind you, this is for your future so don’t just browse the pages of the proposals as if you are browsing a menu. You are not in a restaurant.
Life insurance is for your future so take time to have a sit-down discussion.
Here are some qualities to look for an advisor.
- He must be reachable. Can you easily contact your advisor in times of need? An advisor should be around to check your account and do regular policy updates. Sometimes you’ll forget your coverage and may need a refresher of your plan. Refrain from getting an advisor you are intimidated to ask.
- Is he knowledgeable? Can he explain the plans and options well? You might have heard somewhere to read the fine prints of the plan. Yes, you need to know the pros and cons of the plan. But a knowledgeable advisor will always lay it down without reservation. Because he is not just after the sale but genuinely cares for you.
- A dependable person. Remember that you will be getting is not just an insurance plan. Consider it as your contingency plan that concerns your family’s future. So the question is, do you see the advisor will still be there when the time comes? On average, advisors stay in the company for 2 years.
Choosing the right advisor is as hard as picking the most suitable insurance plan for you. An insurance plan is like proof of how much you care for your family. On the flip side, an advisor is your partner or let’s say the caretaker of the proof. So be mindful of considering a reachable, knowledgeable, and dependable advisor.
4. Prepare questions
At this point, you may now prepare for questions that concerns you the most. You don’t have to be computing all the cost here like charges and what goes to here and there. Remember, in step 3, you already set your goals. Price is should not be the basis but its value proposition.
If you are able to get a qualified advisor, you will notice that most of your questions will be answered during the presentation. But then do not be afraid to ask your remaining questions. This is for your future so make sure the plan answers your needs.
5. Finalize your decision
You already met the 5 advisors and reviewed their proposed plan. At this point, you may create a table or list down the things you need and want from an insurance plan versus the proposals. Now, which among them is the fittest to your goal. While some riders or benefits are a wonderful addition remove them if it doesn’t fit your cause. Just get what you need.
I hope this blog helped you in getting the “right” insurance for you. Cheers!
READ: Sun Fit and Well | Most Comprehensive Health Insurance
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References:
- https://business.inquirer.net/322053/insurer-profit-down-8-6-percent-in-2020-as-pandemic-hammers-markets
- https://businessmirror.com.ph/2019/06/19/the-health-insurance-gap-in-the-philippines/
- https://psa.gov.ph/pnha-press-release/node/163258
- https://www.nowyouknowph.com/post/fin-talk-life-insurance-company-ranking-what-s-in-it-for-the-policyholders-and-beneficiaries?
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.
Sir Federico,
Good day! I just want to ask which insurance companies with VUL have a good performance in terms of their investment.
Thanks.
Al
Hi Alvin. As of now, I don’t have the data about that. But considering of having a post regarding it just in comparison of how the investment funds of each insurance companies perform thru the years. The only thing that makes me wonder is that VUL is not an investment plan so even if the performances of investment funds of each company differ in terms of returns, point something difference, it should not weigh more compared to the insurance protection it offers. The focal point of the VUL plan is life insurance protection. Thanks 🙂
I saw tour Article on the best insurance in the Philippines. Excellent information. Do you have similar article on the best HMO in the Philippines? Thank you.
Hi Ruscelle. Thanks for the kind words. As of now, I don’t have a post regarding the best HMO in the Philippines. But I will consider writing about this once I’m finished with my list for this year. Thank you 🙂
Good day! I want to inquire about sunlife vul im 30 yrs old non smoker
Hi Camille. Thank you for showing interest. I’ll email you for additional info. Thanks 🙂
im interested.
Hi Marlon. Thank you for showing interest. Let’s talk thru email. Thanks 🙂
Can you give me quotation or details for educational plan.
Thanks.
Hi Jeffrey. I’ll be more than happy to assist you. You may kindly read my blog post about educational planning by clicking here.
You can also request for a proposal on the bottom part of the post. Thanks!
Hi , gusto ko po sana kumuha ng insurance, payable in 5 years, and pwedi mwithdraw after 10 years. Any details please.
Hi Shalyn. If I may ask, what’s your purpose of getting the insurance? Is it for life insurance coverage or as an investment? Basically, if you plan to withdraw after 10 years then your life insurance will cease. If it’s just a partial withdrawal then you can do that anytime. I’ll be proving you a link you can read. But I still suggest you meet agents to have your options discussed you may have a different view of what you are actually planning to get 🙂
http://www.thewiseguyph.com/sun-maxilink-bright-build-educational-fund
Hi.. Would like to know about insurance company not listed on top 10 to invest like Phil. International Life Insurance… Is my money is in good hand to them?
Hi Imelda. You may visit the website of the insurance commission. Thanks
Hi sir, I’m looking for a life plan for my parents is there a bracket of ages that should be considered in applying?. Can you help me and give me right proposal for it? Thanks, looking forward with your reply.
Hi Emily. We have life insurances available until age 70. Just let me know if you are interested. Thanks
Hi,im looking for life insurance and investment at the same time.pls send me the details and all its covered.thank you
Hi Zandra. I’ll send an email regarding your inquiry. Thanks!
Hi interested to enroll for VUL. Please share how. Thanks!
hi Christian. I’ll be sending an email. Please kindly check. Thanks!
Hello i want to inquire an educational plan for my two sons age 11 and 2, is this a joint educational plan or separate? Im here in saudi arabia…pls include also medical insurance and hospitalization for myself age 42.
Hi Anthony. You can get one or two so each one can have a separate fund. We can talk over email about this. I’ll be sending an email to you. Please kindly check it. Thanks!
Im interisted on this insurance for my family in the philippines can you please tell me how?
Hi Shin Seung. I emailed you about your inquiry. Please kindly check it. Thanks!
Hi Federico. I love your blog. It’s very informative and I’m very interested in Sun Life. As you mentioned Sun Life has been in the Philippines for 123 years. I humbly ask if you can email me some details when you are not too busy. Thanks a lot!
I’m an OFW interested in VUL please send details.
Thanks
Hi Sonny. Thanks for showing interest. I’ll e-mail you the details. Thanks!
Hi frederico, I am interested in sun maxilink prime. Could you send me a quote please?
Hi Charles. I just sent an email. Please kindly check. Thanks!
Hi. I would like to have an insurance and also an investment, and additional insurance for my future son. Thanks
Hi Criz. Thanks for your interest. You probably looking for a VUL plan. If you want some read please search Sun Maxilink Prime and Sun FLexilink in my blog they can somehow help you in picking the right product for you. But of course, you can also reach me thru my number posted above or email if you would like. Thanks!
Sir May I know the benefit of being a member of the Insurance like this?
Hi Rowena. Life insurance has many benefits you may kindly read some of my many articles about it and if you want to make clarifications you can send me an email. I’ll be waiting for that. Hope we can talk about it more. Thanks!
Hi! Ano po ba ang best insurance for my parents? Is it too late to get them one? They are 50 and 54 years old. Hope you can answer! Thanks!
Hi Denise. They are still in insurable age but of course, you must be ready to pay a higher premium compared to someone younger. I hope you get a plan for them the soonest while they are still healthy (crossing my finger that they still are). Thanks!
I want to open an account for life insurance. Can you help me?
Hi Maria! You may kindly message us to get started. Thanks!
Hi! I’m interested to get healthcare and life insurance. Can you explain to me more about it? I have four children.
Hoping for your response.
Thanks!
Hi Ester. I would love to assist. Btw, I sent an email to you about it. Thanks!
HI I’m Ofw want to learn about insurance for my self and my children…
Please guide me or assist about insurance because I don’t have idea to start it…
Hi Aleli. Please send us an email so we can assist you with this. Thanks!
Hi, i’m an OFW & i’d like to know more about insurance & benefits. I don’t really know much about insurance but maybe you can help me find the right one for me & my 11 year old daughter. Thank you
Hi Russel. I’ll be more than happy to assist you just send me an email. Thanks!
Hi. Can u sent me a quotation. I’m looking for a perfect life insurance for my future. This will be my firstime. can you pls Help and give some advice.! Thanks
Hi Arthur. Sad to say, there’s no such thing as a perfect life insurance policy but we can help you in getting the best suitable plan that can answer your needs. Please kindly email us. Thanks!
Hello,good day,im interested to know and to have insurance…i am ofw can u pls guide me in choosing the best insurance that suits me.thanks..
Hi Vanessa. Yes, of course. We can keep in touch on email. Thanks!
Hi Sir,
I would like to have an insurance with investment, retirement, health & emergency.
How much would it cost?
Thanks & Best regard
Hi Ruth. That I can’t answer as what you just said is very generic and vague. I suggest you meet an advisor so he can help you out with your concern. If you are just around Manila then I can help you out with regard to this. Thanks
Hi Federico,
Thank you for sharing your post. As an OFW especially in the Middle East where there are no any pension plan or investment opportunity for us and working for almost half of my life (I am 46 by the way – started working as an OFW since I am 23). Regretfully, I am not wise enough to invest and wasted those years. But I do believe, its better be late than never. So, in my situation, I need to decide now to invest in Life Insurance. By the way, my wife is an OFW also and we acquire for her insurance with BPI-Philam Life (under VUL) just this year. My mistake is that I am older than her I should get first… anyway, I plan to get insurance under SUN LIFE and my objective is that I need it for pension and investment as well. So I need from you what type of insurance policy I need for that matter. By the way, we don’t have kids yet, just for reference.
Appreciate your support and guidance. God bless your heart for educating us OFW for Financial Literacy. Its a great help for us.
Joel Lansang
Doha, State of Qatar
Hi. Just want to know about contribution, insurance, and investment. And if meron ung covered ang health benefits and educational fund. Or whole life insurance details please. Thank you
Hi Kim. Please send us more info at my email add it’s federico.l.suanjr@sunlife.com.ph. Thanks!
Hello! Gusto ko po insure yung mama ko po. She is 64 years old. Gusto ko is medical cover plus critical health cover and meron din po for funeral cover available and roughly how much do I need to spend.
Many Thanks in advance
Hi Soheila. We do not cover funeral expenses. However, proceeds of the plan can be used for that. She is still insurable but she may be required to undergo medical tests to prove her insurability. At her age, it’ll be costly and will depend on the insurance coverage, health condition, and inclusions in the plan. If you’re interested. Please send me an e-mail. Thanks!
I want to inquire family health insurance.
Hi Marou. I’m afraid, you are referring to an HMO. Thanks!
Interested to know about SunLife’s insurance package for my 12 yr. old kid. – rene calantuan, 0915 273 2812
Hi Renato. I already sent an email to you. Please kindly check. Thanks!
Hi I just want to inquire about Life and health care insurance and how to join?please let me know thank you
Hi Criselda. You may get your insurance plan from a licensed insurance agent from the company you trust. If you think it’s Sun Life then I can assist you with that. Thanks!
Hi. I am interested in getting a life insurance with investment, I will be grateful if someone will assist with this matter.thanks.
Hi Griezelle. You may read some of my articles about the different kinds of insurance we have in Sun Life. If you are having a hard time in choosing, I can assist you with that but only after personal discussion. Thanks!
hi!
i would like to have an insurance and also an investment at the same time. is it possible with sun life? thanks
Hi Flora. You are referring to a VUL plan. We have that in Sun Life. If you want assistance with regard to that you may reach me thru phone call or e-mail. Thanks!
Good day,
I would like to ask if there’s any life insurance company that will still allow me to purchased or avail a life insurance for my mother? She’s 75 years old this year.Thank you.
Hi Ms. Tessa. Sorry to say we don’t carry such insurance. I don’t know if there’s any insurance company that will still ensure in view of her age. That’s why it’s highly recommended to get it while young and healthy. I hope she’s still doing fine. Thanks!
Hi Sir, appreciate if you can give me advise or details for the future of my family. I want to have life insurance also, for retirement, savings and investment, educational plan, health coverage. Thanks in advance!
Hi Dianah. Btw, there’s no such insurance plan that can address all your concern all at once. They can touch several minor concerns but only one major concern. In your case, you have a family that depends on your income so instead on focusing on retirement at this stage you may consider getting an insurance plan as a health protection plan or income replacement plan. This will ensure your future if you get badly sick that money won’t be a problem for your rehabilitation. Or if you die too soon (sorry it’s kinda morbid but it happens) your kids can still continue the life they are enjoying today.
If you are interested in it, you know where to reach me. Thanks!
Hi Federico. I’m interested on the life insurance. Can you email me the options sunlife offers. I’m an OFW. Thanks.
Hi Keith. Thanks for dropping by. I’ll surely contact you at the soonest time. Thanks!
Hello, I don’t have any idea about life insurance also but I would like to know more. I would like to know about health protection, or maybe building an educational fund for my future kids and retirement fund. I am also interested for Insurance that has investment. Please email me for more details, please.
Hi Key Zee. You may want to read our article about Sun Maxilink Prime. It seems like it’s the fittest to what you like. If you have further questions about it please let me know. Thanks!
Hi, can u send me details pls… I’m interested in financial freedom, retirement benefits, life insurance as well as health assurance.
Hi Gay. If you are looking for a comprehensive health insurance plan, you may consider getting a Sun Fit and Well from Sun Life. Please follow the link below for your reference. Thanks!
http://www.thewiseguyph.com/sun-fit-and-well-comprehensive-plan/
Hi! Can you give me details, please? Thanks!
Hi Adi. May I know what kind of details are you referring to? I’ll keep in touch with you thru email. Thanks!
Hi, can u send me details pls… I’m interested also want to have a better future and financial freedom and for retirement.
Hi Jun. I’ll be reaching out via email. Please kindly check. Thanks!
Hi sir, I really need an investment just to have a higher interest. Just to have a higher return for my money. What would you suggest? Thanks
Hi Rald. I want that too, higher interest rates. If your goal is to make your money grow then you may consider a mutual fund, UITF, the stock market, etc. However, I don’t recommend it if you haven’t had an insurance. Make a solid financial footing first so you can have a peace of mind no matter what happens to you and/or your investment/s. Thanks!
Can you send me details please?
Hi Grace. Do you have anything specific in mind you want to know? Thanks!
Hi! I am interested to get life insurance. Can you send the details to my email? Thanks
Hi Choi. I’ll certainly will but do you already have a specific plan in mind? If none, you may kindly state your needs so I can give you options. Thanks!
Hi Federico, please enlighten me. Thank you!
Hi Ms. Reil. You may request a personal discussion about this but for now, you may browse our blog for topics that may interest you. Thanks!
Hi! Can you please send options for me in getting life insurance, accident, hospitalization and investment? Thanks
Regards,
Glenn
Hi Sir Glenn. I believe you are talking about a VUL plan. I highly recommend a Sun Maxilink Prime plan. If you want, you may request a proposal by filling out the form. Just click the request proposal tab on the main menu of this page. But I highly recommend a personal meeting to further assess your needs to see if this kind of plan really suits you. Thanks!
Hi! Can you please also write on about getting life insurance, accident, hospitalization, and investment? Thanks
Hi Joy. I already have a line up of things to write but will put your request on my list. Thanks 🙂
Sir,
I am an OFW and I want to know more about the products of SUN LIFE.
I want to secured my health and also save at time.
Hi Ms. Desiree. I recommend a Sun Fit and Well plan if you are looking for a comprehensive health insurance plan with an endowment benefit then this plan is perfect for you. Thanks!
READ: http://www.thewiseguyph.com/sun-fit-and-well-comprehensive-plan/
Hi, sir, I want to know more on Sun Life insurance especially VUL. Can you give me all the information on this? I am an OFW aged 56.
Hi Sir Benjie. OFW’s can get a VUL plan from Sun Life but application form must be signed here in the Philippines. You may consider getting one when you take your vacation. Don’t worry, my line is always open for inquiries. Thanks!
Hi sir I want to know more about Sunlife Insurance,I a.m interested,can you Help me?thanks
Hi Sir Arvin. You may send me an email at federico.l.suanjr@sunlife.com or you may call me at 0917-775-8352. Thanks!
I am a 59 yrs old OFW, What is the best investment for my age? I already have a VUL from BPI Philam. I’m planning to add another investment.
Hi Milan. You may consider getting a SPVUL from us. Thanks!
Hi,
I am an OFW and I am interested to get a VUL for husband as I already have one for myself. Can you tell me what is the best investment option for VUL can you suggest? I prefer something that is for long term growth. Hope to hear from you soon.
Thanks
Hi Yang. If you are looking for a long term invetment option then I strongly suggest Index Fund. But on actual, you must based it on your age and goals. Are you currently here in the Philippines? If yes, we can schedule a personal discussion about this. Thanks!
Hi,
Would like to know more about the offers from Sunlife. Please send me an email. Many thanks!
Hi Joseph. Thanks for reading my blog. Please kindly check your email. Thanks again!
Hello sir! Would like to know more about the VUL of Sunlife. And what are the benefits and inclusions and magkano po ang monthly. Very much interested.
Hi Ryan. Thanks for your interest. You may want to read our articles like Sun Maxilink Prime to better assist you. Thanks, again!
Hi! Good day! I would like to know more about insurance. I have a baby on the way and I am really looking for ways on how to wisely invest for me and my baby’s future. Thank you. 🙂
Hi Ms. Melissa. VUL plans like Sun Maxilink Prime from Sun Life is one of your best picks when it comes to building the educational fund for your baby’s future. If you are interested you may send us an email or contact us at anytime. We will be more than happy to assist you. Thanks!
I would like to make a quote for sun maxilink prime , if u hv terms 4 5 yrs,10yrs and 15 yrs. Also a quote for a 4 months old baby and 2 yrs old, also 35yrs old.tnx
Hi Ms. Jelyn. I’ll send an email with regard to your request. Thanks
Hello sir! Would like to know more about the VUL of Sunlife. And what are the benefits and inclusions and magkano po ang monthly. Thank you po.
Hi Ms. Jhonaika Faye. The premium will depend on a lot of things and the riders you may want to add to your policy. I do highly recommend to attach as many riders as you can as this will maximize your protection which is the main purpose of an insurance. Thanks!
Hello Sir. I would appreciate if you could give me more details about life insurance by Sun Life.. Do you offer non-life too?
Hi Jane. We do not have non-life insurance. May I know what kind of insurance you are looking for or the things you what to have in your policy. This will help us in determining the most suitable plan for you. Thanks!
please give me full details. thanks
Hi Reynaldo. You may read and browse my blog for full details. If you have questions. You can reach me thru my number or email address. Thanks and have a wonderful day!
Hi, Sir. I’m interested to apply for insurance and investment in Sun Life. Is it possible to avail of these two plan at the same time? Also I would like to know more of your offers. Thank you very much.
Hi Gie Ann. Yes, actually you are referring to a VUL plan. I’ve seen your request and thrown an email. Please check it out. I’ll be waiting for your response. Thanks 🙂
interesado po ako sa insurance. And taga Las piñas po ako. Pwede malaman mga benefits
Hi Ms. Hazel. Benefits will be different for each plan. Saan po ba kayo mas interesado? Yung insurance lang or yung may investment na po ba?
I’m interested having an insurance but I am afraid. I find it risky.
Maybe because I have a little knowledge about it. I’m 22 y/, I want to secure my future at early age. Any help you can give is very much appreciated. Thank you.
Hi Kristin. Insurance itself is guaranteed thus it’s not a risky thing. Maybe you are referring to investment because all types of investment have inherent risk. You just must learn to manage the risk. Thanks!
Hi. I am interested in getting a life insurance with investment. I am turning 23 this year and this should be my birthday gift to myself.
Please help me.
Hi Louie. You may consider a VUL plan in your case. You get to financially secure the future of your family plus you get to enjoy its high earning potential. Please read Sun Maxilink Prime. I have a blog post about it. Thanks!
Hi, i am interested in getting an insurance with the investment plan. I am so confused which one i need. can you please help me?
Hi Isha. Getting your first insurance is really tricky. You must first identify your needs. Why are you getting an insurance policy? Is it for income continuation, health protection, or maybe you are building an educational fund for your kids (just in case you have any), retirement fund, or planning for your estate already? After identifying your needs/plans you may now consult a financial advisor to properly guide on what to choose. Just in case you want me to help you, I’m just a call away. Thanks!
Hi! I’m interested on how an insurance plan works, however I don’t know where to start. Can you please enlighten me. Thank you and God bless!
Hi Kate. Insurance is a broad topic but you may read some of my posts to enlighten you. Thanks!
I am an OFW. I want to know more details about Whole life and Universal Life Insurance. Thank you.
Hi Marigold. I have posts about that and I’m happy to share it with you. You may visit our homepage then click on the topics under whole life and VUL plans. This will greatly help you in choosing the right plan for you. Hope we can me and discuss your chosen plan the soonest time. Thanks!
Hi, I’m interested to know more about sunlife investment and insurance plan. Can you send a detailed presentation or briefer to me. Thanks!
Hi Ma Cristina. Thanks for visiting my site. You may browse my articles to learn more about insurance plans from Sun Life. Thanks!
Hi, I’m planning to have a life insurance for me and my wife. Don’t know where to start. Can you assist us? Thank you.
Hi Mikol. Thanks for visiting my blog. I hope enjoyed reading some of my articles haha. It’s always a pleasure to assist readers in getting their insurance plan. I’ll send an e-mail to you. Please kindly reply on it. Thanks!
Hi, I would like to know more your product as I’m interested having my Life Insurance.
Thank you!
Hi Sir Andrew. I just saw your e-mail to me. I’ll respond to it shortly. Thanks for visiting my site. Btw, you can also browse my blog posts about the different kind of plans we offer. Hopefully, we can meet the soonest to discuss the best plan for you. Thanks again.
Hello, I would like to know more and I would like to ask if its cover all the expenses such as medical, accident and etc. Please email me for more details, please.
Hi Ms. Lovely. I’m afraid you’re referring to HMO. Sun Life doesn’t have that. However, you may consider getting a Sun Fit and Well Advantage as this is the most comprehensive health protection from Sun Life.
Please read: http://www.thewiseguyph.com/sun-fit-and-well-comprehensive-plan
I’m determined now to start investing in the near future and beyond it. Here’s the Sun so, I’m good to go! Just let me know how to start this.
Hi. Thank you Sir for choosing Sun Life. We are happy to know that you’re ready to start doing forward. Please check your inbox. Thanks!
I would like to know more po. Pls email me…thank you
Hi Joey. Thanks for dropping by. Looking forward to personally discuss the plan with you. Also, please check your email 🙂
I need to know about pension plans
Hi Mon. Sadly, Sun Life does not offer pension plans but you may consider getting a whole life plan with endowment benefit like Sun Smarter Life Elite. With this, you will receive guaranteed payouts after surpassing a certain number of years. Please check it out. Thanks!
Here’s the link: http://www.thewiseguyph.com/sun-smarter-life-classic-and-elite/#sun-smarter-life-elite
Hello, I don’t have any idea about life insurance but I would like to know more. Please email me for more details, please.
Hi Anne. Most of the things you need to know about our product/plans are already here on my blog. Please do read some of my articles about it. Btw, I sent an email to you. Please kindly check 🙂
I need presentation. I have no idea how to deal with.
Hi Ernanie. Please kindly check your email for more details. Thanks!
Hello I’d like to Inquire about the Life insurance for my family in the Philippines
Hi Joan. Please kindly e-mail us with your concern so we can help you. Thanks!
Interisado po ako sir how to start po salamat
Hi Jay-r. I’m glad you’re interested to get started. Please do check your email. Thanks!
Can you send me the details, please?
Yes, of course. You may also check my website for more information on the plans 🙂
Hi, Im inquiring about the life insurance such as, the contribution, medical expenses, accident and others covered on the policy.
Hi Eliasa. Thanks for your interest. Let’s make the convo private because I’ll be needing some personal info about you to give you a clearer understanding of the plan.
good day,
i am an OFW, i am only inquiring about the life insurance such as, the contribution, medical expenses, accident and others covered on the policy. i am interested to open an insurance life policy for my future.
thanks and best regards
jaime
Hi Jaime. Thanks for your interest in securing your future. I removed some personal info in view of your safety. Please expect an email from me. Thanks!
Hi Federico,
We need a quotation for annual life insurance renewal. Could you please send me an email so we can share the information ASAP and get the quotation?
Thanks!
Hi Nohemi. Thanks for reaching out. I’ve sent an email please kindly check it.
I am Filipino with US citizenship and I work in New York. I would like to get a life and fire insurance for my young family here in Philippines. Thanks Paul!
Hi Paul. Good to know that securing your family is your priority. You may need to look for a life insurance company and non-life for your fire insurance. Thanks!
Hi Federico. Good morning, I m looking forward to getting insurance, can you recommend a good insurance company? Thanks. Hope you will reply to my email.
Hi Kenneth. Good to know that you are in search of an insurance plan. You know, all life insurance companies offer the same product. And I will be biased since I am from Sun Life. But you may choose any from the top 10. Let’s talk more about it over email. Thank you 🙂