Sun Life of Canada (Philippines), Inc. has introduced a limited-pay whole-life insurance product named Sun Legacy, which includes a savings component, guaranteed cash value, and lifetime guaranteed cash benefits.
This insurance product offers annual payment options of one, two, or five years with the guaranteed cash benefit beginning a year after the premium-paying period ends and continuimg until the age of 100.
The cash benefit is equivalent to 2.15 percent or 2.25 percent of the total premiums paid, depending on the chosen plan amount.
Furthermore, Sun Legacy also provides life insurance protection that is equal to 125 percent of the total premiums paid.
The launch of this new product is in line with Sun Life Philippines’ aim to help Filipinos expand their wealth and secure their loved ones’ future through efficient estate planning.