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.
  • NEW! Sun Maxilink 100 is the new, better, cheaper VUL Plan from Sun Life. Perfect for those who are seeking insurance protection while saving up for their life goals.
  • Sun Flexilink used to be the cheapest VUL plan from Sun Life. This is a good choice if you want something to get started and do not have the budget yet for a Sun Maxilink Prime.
  • 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!

*****

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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. I hope you’ll consider. That’s why I compiled them here for you to evaluate if I’m worthy of your trust hopefully :).

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Build an Educational Fund for Your Kids the Wise Way

sun-maxilink-bright

The figures are based on the 2016 tuition fees in some of the universities in the Philippines. This will also be the basis of computation throughout the post.

Every parent wants to secure the future of their kids. Which explains why I got tons of inquiries about building an educational fund for their kids. Though Sun Maxilink Prime can also be used to build the fund, Sun Maxilink Bright seems more appropriate to this kind of goal. I will explain this in the latter part of the post. [continue reading…]

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Sun Flexilink an Affordable Insurance with Investment Plan from Sun Life

Sun Flexilink

Sun Flexilink is the cheapest life insurance with an investment plan from Sun Life. A good plan if you are a low-income earner or elderly seeking income protection and wealth accumulation plan in a more affordable scheme. Providing you financial security while making your money grow at the same time. [continue reading…]

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Become a Sun Life Financial Advisor

Become a Sun Life Financial AdvisorI’m thrilled to share with all of you that I got promoted as Manager Candidate in Sun Life just this September. Woohoo! This means that I’m now taking up another role in managing like-minded individuals. So if you’re looking for new opportunities where you’ll get the chance to earn more, spend more time with your loved ones, work at your most productive time, and get rewarded for your hard work then become a Sun Life financial advisor.

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How to Open a Mutual Fund with Sun Life

sun life mutual fundI guess you want to invest in mutual funds too? I understand that because it could potentially give you better earnings compared to banks. Oh yes, you can open an account with Sun Life for as low as Php 100 giving you more reasons to start it now!
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Sun Maxilink 100: New and Affordable VUL Plan

Sun Maxilink 100Sun Maxilink 100 is the newest insurance with an investment plan from Sun Life. It gives you an extended coverage of until age 100 compared to the other Sun Life VUL plans which are only until age 88. A cheaper alternative to Sun Maxilink Prime but equally mightier plan. [continue reading…]

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The Best Affordable Term Insurance from Sun Life in the Philippines

Sun Life Term InsuranceTerm insurance plan is one of the best options for those who wanted protection but has a limited budget. It is cheaper compared to whole life insurance plans because it doesn’t accumulate cash value or in other words, it only offers pure life protection. Thus, term insurance provides maximum protection for a minimal cost. [continue reading…]

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Sun Maxilink One and Sun Flexilink1: Better Returns than Banks

sun maxilink one

Banks usually pay 0.5% p.a. for a savings account and 1% p.a. for time deposits. Investment in SPVUL is placed in Index Fund with an average historical return of 10% p.a.

Sun Maxilink One and Sun Flexilink1 are a single-pay VUL or simply SPVUL offered by Sun Life. Combining the benefits of life insurance protection and investment in one product without upfront premium charges, thereby accelerating the accumulation of fund value. [continue reading…]

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How to Open a BPI Checking Account

BPI Checking AccountI finally opened a BPI checking account last week. Compared to opening a regular savings account it is more difficult to open and I will share why later. Though, the process is slightly the same the feeling is different because you will feel richer (haha!). Like I normally see it on TV used by the rich character and now I finally have one. But kidding aside, it has several advantages that make having it a good choice. [continue reading…]

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2 Tips to Save Money for Low Income Earners

how to save money for low income earnersIf you follow my facebook fan page you will notice that I post a lot of memes. This is because I love funny stuff from pictures to videos and also to share with you that saving money can be fun, right? Life is too serious as it is plus even thru hardships life is still wonderful. So today I will be sharing with you tips on how you can save money if you are having difficulty in doing it from a reflection I made today. [continue reading…]

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How to Compute Your SSS, Pag-ibig, PhilHealth, and BIR WT Contributions (2019)

compute sss contribution pagibig philhealth bir taxI was the go-to person of my friends/colleagues in work when they’re trying to compute these deductions. So if you are looking on how to compute SSS contribution, Pag-ibig, PhilHealth, and BIR withholding tax then I think you came to the right place. You’ll be dealing with numbers but don’t worry because I made sure that you can easily follow the steps.
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