Welcome to TheWiseGuyPH

Hi there! My name is Federico Suan, Jr., a financial blogger whose mission is to help develop financially wise Filipinos by building a strong financial foundation. This blog is about personal finance but not limited to insurance, mutual fund, UITF, the stock market, budgeting techniques to simple tips and techniques on how to manage your resources effectively.

I am affiliated with Sun Life of Canada, the first, oldest, and number 1 life insurance company in the Philippines. Our company has a wide array of life insurance and investment products like the following:

READ: Sun Life Remains the Top Life Insurance Company in the  Philippines 2018

Variable Unit-Linked Plans

VUL or variable unit-linked plan is a 2-in-1 product combining income protection and investment in one plan. This gives you peace of mind while growing your money over time.

Regular Pay VUL Plan

Choose the perfect VUL plan based on your financial needs. A regular pay VUL is payable for a specific period on a regular basis like 5-years, 10-years, and even up to age 88 depending on what kind of plan you opt to get.

  • Sun Maxilink Prime is 10 years to pay VUL plan from Sun Life combining income protection and investment in a single plan. This is a good plan for income protection, health and accident protection, achieving life goals and as a retirement fund.
  • Sun Flexilink is an older VUL plan from Sun Life and it is an affordable alternative for Sun Maxilink Prime. This is also good as a retirement plan, health and accident protection, and achieving life goals. A cheaper but equally mightier plan.
  • Sun Maxilink Bright is 5 years to pay VUL plan best suited in building an educational fund for your kid’s future. This can also be used to achieve your life goals like building a house or starting a business while giving you peace of mind that your family is protected no matter what happens.

Single-Pay VUL Plan or SPVUL

Enjoy high earning potential thru SPVUL or Single pay VUL plan from Sun Life. Start for as low as Php 150,000

  • Sun Flexilink 1 is a SPVUL from Sun Life that gives you high earning potential compared to just saving your money in a bank. Do you have at least Php 150,000? Then consider growing your money with us that you will not get even in a time deposit account.
  • Sun Maxilink One is another SPVUL plan with no upfront charges that speeds up the accumulation of fund value. Inflation averages at 4% but your bank only gives you a portion which keeps your money from growing. Keep the purchasing power of your money with an investment that can fight inflation.

Sun Life’s Traditional Plans

While VUL plan can be a great choice for many because of the investment part, others still prefer to get a pure life insurance and invest their money on their own. VUL plan is directly linked to investment which makes it vulnerable to day-to-day market fluctuations and if you cannot handle that then consider the following options.

Term Life Insurance

A term life insurance is a pure life protection which makes it cheaper compared to any life insurance plan. This only provides life protection for a specific period of time with no cash value nor fund value after the specified term.

  • Sun Safer Life is a 5 years renewable life insurance that provides life protection equal to twice the face amount until age 75. This automatically renews after 5 years without any proof of insurability.
  • Sun Life Assure is a 5 years renewable term that pays the face amount when either the death of the insured or when diagnosed with a critical illness, whichever occurs first. This is renewable until age 59 without evidence of insurability.
  • Sun Maiden is a 5 years renewable term insurance specially designed for women which give financial assistance or percentage of the face amount is given when diagnosed or treated due to any of the female-specific critical illnesses.

Endowment Plans

Sun Life endowment plan is one of the answers by Sun Life to the different needs of its clients. Insurance plan is not a one size fits all product. If you don’t like VUL plan because if its inherent volatility then you may consider getting an endowment plan with guaranteed benefits.

  • Sun Acceler8 is a 20-year endowment insurance plan from Sun Life that provides increasing guaranteed life insurance benefit. It also has guaranteed cash benefit that you can use for your child’s education and school-related expenses.
  • Sun First Aid Plus is a 10-year non-participating hospital income Simplified Insurability Offer (SIO) product with a money back feature or return of premiums. The return of premium is equal to 50% of the original premiums paid at the end of the 10th policy year.
  • Sun StartUp is also a 10-pay, non-participating endowment insurance, with maturity benefit of 50% return of premium (ROP) given at the end of the 10th year. You can apply for this plan under the Simplified Offer (SIO) up to the first Php 1 Million coverage.
  • Sun Dream Achiever is a 5-pay, participating endowment insurance perfect for education planning for your kids of the benefits payable in 4 installments which start at your chosen year between 12-17 years from the date of issue.

Whole Life Insurance

A whole life plan is one of the best choices to get if you cannot handle the inherent volatility of VUL plans. You know how unpredictable the market can get and if this makes you uncomfortable then get a whole life plan which has guaranteed life insurance and cash benefits.

  • Sun Smarter Classic & Elite is a participating whole life plan that gives life insurance protection until age 100. What makes it even more special is that the protection it provides is equal to twice the face amount.
  • Sun Fit & Well 10/15/2o is a participating, limited-pay whole life critical illness product that provides a combined benefit of savings and comprehensive health protection until age 100.

Always remember to let your money work for you. Money can work 24/7 without getting tired. Enjoy life by making the bRIGHT choice today!

*****

0 comments

TheWiseGuyPh is a Gold Medallion Awardee 2018

August Champions 2018 Gold Medallion Awardee

Are you looking for an insurance plan? If yes then get it from the company you like and an advisor who can guide you well toward financial freedom. Some advisors might focus on their flowery talks and sales pitch. Well, I can only offer you my sincerity to provide you with the best plan and my skills supported by the awards I got from Sun Life. Which I hope you’ll consider. That’s why I compiled them here for you to evaluate if I’m worthy of your trust hopefully :).

[click to continue…]

0 comments

Why Breadwinners Should Get a Life Insurance?

sun life insurance for breadwinners in the philippinesDo you know what? I want you to be insured. That’s true and this is not because I’m affiliated with an insurance company. I’ll be honest, it opened the doors for me to deeply appreciate the value of life insurance. The sole reason is that I came from a household that the breadwinner, my father nor mother, is not insured. I personally experienced all the emotional pain and financial hardship from taking the role that I am not ready yet. And I believe that no one has to experience the same if only breadwinners like you can see its value. [click to continue…]

0 comments

Basic Investment: Mutual Fund 101

sun life mutual fundI started saving money in a bank, just like you, because it’s a good place to keep it safe. But then I realized that there’s something wrong. Imagine for every hundred thousand that I have in my savings account it only earned Php 250. Oh, did I say that withholding tax will still be deducted from it? So I have decided to just complete my emergency fund and after that, I will invest the rest. If you are reading this then I guess we are on the same page. [click to continue…]

0 comments

The Top 6 Reasons to Start Investing Your Money Today

Saving money is a good start in achieving your financial goals in life but investing can speed it up when done right. Imagine your financial goal like a destination you would want to go like Boracay for example. Yes, taking a boat, i.e. saving, can take you there but taking the plane, i.e. investing, will take you there faster. That’s basically what investing is, bringing you to your destination faster and efficiently. [click to continue…]

0 comments

The Ultimate Guide in Opening a BPI Savings Account

How to open BPI Savings AccountBank of the Philippine Islands (BPI) is one of the biggest and trusted banks in the country. If you are looking for a stable bank to place your hard-earned money then you may consider opening an account with them. BPI also has over 800 branches in the country and close to 3,000 atm machines and cash deposit machines. Making BPI a wonderful chose for a bank because there’s always a branch near your place. [click to continue…]

0 comments

5 Money Lessons To Teach Your Children Today

Learn the 5 money lessons your can teach your kidsTeaching kids about money may sound off to many but if you don’t some else might do it for you. Did I just hear a yes? Like sparring, you may be from a task, right. Nope because they might be taught differently in making, handling, and multiplying money. Remember, kids are like sponges and you don’t want them to learn inappropriately. [click to continue…]

0 comments

BIR Certificate of Registration Renewal (Form 2303)

Did you know that you still need to renew your BIR Certificate of Registration (form 2303) every year? This is paid, yes, every year, on or before January 31. I know you must be familiar with the registration fee, right? It’s the Php 500 you paid using the form 0605 when you got your COR. It’s the same thing when you’re renewing it. [click to continue…]

16 comments

Things to Know in Sun Fit and Well From Perks to Benefits

Sun Fit and Well is the most comprehensive health insurance in the Philippines until age 100. I know you are so familiar with it already so I will leave it like that. But if you’re still interested or maybe it’s your first encounter with Sun Fit and Well then I’ll be sharing a link below so please check that out. Because lately, I have been receiving a lot of inquiries about the plan. So I thought you might be interested to know what makes Sun Fit and Well so special. Like is it worth it from all the benefits you can get? How much would it cost, perks of having the plan and so on? So now here it is.
[click to continue…]

2 comments

Good Buy or Goodbye: Break-Free by Don Soriano

I came to see the book called Break Free by Don Soriano while roaming around a bookstore. The design was too simple for my taste but it was also too intriguing so even I’m not a fan of reading books, I still considered getting a copy. Anyway, who wouldn’t want to be an employer from just being an employee in 3 years time or even less which is the idea the book is introducing to us. Good thing I told my manager, Raymund Camat (MoneyTalkPh), about it not knowing he has a copy until he lent it to me. Yippee! So here I am now making a review of “Break Free” and I’ll tell you  later if it’s a good buy or goodbye. [click to continue…]

0 comments

TheWiseGuyPh is Now Accepting Hosting Jobs

Christmas SidelineThe past week I was asked to host not just one but two Christmas Party in a single week. I was like really? Me hosting an event is the last thing I would like to do this Christmas. Geez, no one was taking the role so I guess it is really meant for me though I’m quite hesitant, I accepted it. After the events, it was both exhausting and extremely fun. I never thought I could ever stand in front of a large crowd as I did. Maybe I wasn’t good enough as this was only my first time but their affirmation on my new found skill, should I even call it a skill hehe, is priceless.  [click to continue…]

0 comments

The Promise of a Sun Life Financial Advisor

Jayvee Lazaro Badile II with his death claim processed in less than two hours

If you are reading this then I guess you already have an insurance policy or currently looking for one. Everyone, of course, is in search of the best deal in life insurance. Most will correlate the word best deal to a cheaper price tag.  But for me when it comes to life insurance best deal means that I can get my money when I need it or let’s say my family can claim the benefits when I’m gone. [click to continue…]

2 comments