- Covers you with 200% of the face amount for your loved ones when you pass on
- Lifetime coverage from day 1 until age 100
Secure and save: One smart solution
SUN Smarter Life Elite is a life insurance plan that offers the combined benefit of protection and savings. From day one, you’re covered with double the amount you chose for your plan and your family gets valuable protection throughout your lifetime. Beyond protection, you also receive regular cash benefits that you can use when you need them or leave in your plan to grow for future use.
Key benefits
Double protection from day one
Guaranteed regular extra cash
- Receive extra 8% of the face amount every other year
- Payout starts at the end of year six and continues until age 100
- Use your benefit for current needs or let them grow over time
Access to cash when you need it
- Guaranteed cash value as yearly savings
- Borrow from your policy for emergencies
- Early benefit payout for Terminal Illness (with 12 months or less to live)
Extra income opportunities
- Enjoy potential additional earnings from your plan
- Use these earnings to pay for future premiums, get extra coverage, or grow your plan further
Payment options that fit your budget
- Pay continuously, or fully pay in just 5 or 10 years
- Choose more budget-friendly options: Pay 2x yearly, quarterly, or monthly
Extra protection for life's uncertainties
- Add optional protection for accidents, disability, or illness
How it could help
Here are sample scenarios illustrating SUN Smarter Life Elite’s impact.
Mark's day-one income protection plan
Mark, a 35-year-old breadwinner, bought SUN Smarter Life Elite Regular Pay and chose a ₱1 million face amount. From day 1, his wife and two kids are financially protected by ₱2 million in life insurance coverage.
If Mark passes away unexpectedly, the benefit can help replace lost income, and cover living expenses, and pay the mortgage while his family adjusts, without the need to sell assets or borrow money.
Joel's built-in back-up fund
Joel, 40, is a self-employed contractor. He bought SUN Smarter Life Elite 5 plan so he can finish paying in 5 years while keeping lifelong protection. Starting at the end of year 6 and every other year until he reaches age 100, he's entitled to a cash payout that he can grow over time. Instead of getting and spending them, Joel keeps the payouts in his plan to grow, treating them as extra savings for his family's future.
When work slows down and he needs money for a big expense like school tuition fees or unexpected medical expenses, he can use his accumulated cash payouts, avoiding high-interest loan while keeping his insurance coverage intact.
Ana's wealth building
Ana, a 28-year-old single mom, thought insurance was just for protection. She reviewed her SUN Smarter Life Elite 10 plan and realized that it also builds cash she can use.
When she turned 40 years old, her accumulated cash payouts have helped fund her daughter's education. When she reached age 55, accumulated cash payouts have funded a small business dream. Afterwards, her protection never stopped and it just kept working harder for her.
Your questions answered
1. What is SUN Smarter Life Elite?
It is a life insurance plan that provides double coverage from day 1 of your plan until you reach age 100, and regular cash payouts that you can use for future needs.
2. How does the “double coverage” work?
Your insurance coverage or death benefit is twice the face amount you choose for your plan. If you choose ₱1 million face amount, your family gets ₱2 million when you pass away. This double protection lasts until age 100.
3. How much is my cash benefit and when will I receive it?
Your cash benefit is equal to 8% of your plan’s face amount. The payout starts at the end of year 6 of your plan and is given every 2 years until age 100. You can use them right away or leave them in your plan to grow for future use.
4. Can I choose how long and how often to pay?
Yes. You can pay continuously or choose a shorter payment period of 5 or 10 years. You may also choose to pay twice a year, quarterly, or monthly -- whatever works best for your budget.
5. Can I access money in case of an emergency?
Yes. You may be able to borrow from your plan’s guaranteed cash value, giving you access to funds without having to give up any possessions or assets.
7. Does this product cover health issues?
The basic plan covers life insurance only. However, you may advance a portion of your Face Amount amount if the insured is diagnosed to be terminally ill. You may also use your cash benefits to help pay medical bills, or add supplementary benefits or riders to get extra coverage for accidents, disabilities, and illnesses.
8. Is this product suitable for young people?
Absolutely. Starting young means lower premiums and more time for your cash benefits to grow. It's ideal for anyone wanting to combine protection with savings.
Note: If there is any difference between the information here and your actual insurance policy, the policy terms will prevail.
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Please note that this information should not be construed as an offer to sell or solicitation to buy any financial product. A financial advisor can help customize a plan for you based on your financial situation.
