Sun Life Secure Income

Guaranteed protection and payouts for life.

Protection and lifetime income

Sun Life Secure Income is a life insurance plan designed to do two things at once: protect your family financially and help you earn regular income for life.

If something happens to you, your family receives the life insurance benefit worth double the face amount. Starting at the end of year six, you'll receive guaranteed cash benefits yearly until age 100, giving you a stream of income for the rest of your life.

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Sun Life Secure Income explainer video

Key benefits

Lifetime protection

  • Covers you with 200% of the face amount for your loved ones when you pass on
  • Lifetime coverage from day 1 until age 100
  • Variety of options available to add extra protection

Guaranteed yearly income for life

  • Receive extra 6% of the face amount yearly
  • 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

Special milestone benefit

  • Centenarian bonus payouts after reaching age 80, 85, 90, and 95
  • Benefit is part of your insurance coverage paid in advance to support your golden years
  • Choose to receive in cash or leave them to grow 

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 dividend earnings from your plan
  • Use these earnings to pay for future premiums, get extra coverage, or grow your plan further

Payment options that work for you

  • Pay over 3, 5, 10, or 15 years
  • Choose more budget-friendly options: pay 2x yearly, quarterly, or monthly

Optional feature: Sun Life FlexiRetire

Sun Life FlexiRetire is an optional feature for Sun Life Secure Income clients. It gives you more control because you can choose your retirement start age, decide how much annual income you want to receive, and customize the payment period.

Important Note: With Sun Life FlexiRetire, you won't receive the guaranteed yearly income benefit of 6% of the face amount. Instead, you may get a higher payout based on the retirement options you will choose, giving you flexibility to match your retirement goals.

How it could help

Here are sample scenarios illustrating Sun Life Secure Income’s impact.

Your questions answered 

1. What is Sun Life Secure Income?

It is a life insurance plan that provides both financial protection and a guaranteed stream of yearly cash benefits for life.

2. How much life insurance coverage do I get?

Your coverage is worth twice your plan’s face amount from day one until age 100. For example, if you choose a ₱1 million face amount, your family receives ₱2 million in financial protection should you pass on.

3. How much is my cash benefit and when will I receive it?

Your cash benefit is equal to 6% of your plan’s face amount. The yearly payout starts at the end of year 6 of your plan and continues until age 100. You can use them right away or leave them in your plan to grow for future use.

4. What is the Centenarian Bonus?

The Centenarian Bonus is 25% of your plan’s face amount given after reaching ages 80, 85, 90, and 95. This advance payout is taken from your insurance benefit, so you can enjoy part of your money during your senior years. 

5. What is Sun Life FlexiRetire?

Sun Life FlexiRetire is an optional feature that lets you customize your retirement income by choosing your retirement start age, the regular payout amount, and the payment period.

6. If I choose Sun Life FlexiRetire, do I still get the standard 6% cash benefit?

No. With Sun Life FlexiRetire, you won’t receive the guaranteed yearly income of 6% right away. Instead, you need to let them grow within your plan over time until the start of your chosen payout schedule. At that point, you’ll receive the accumulated amount based on the retirement choices you previously made.

7. 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.

8. What are dividends and how do I use them?

Dividends are potential earnings from your plan. You may receive them in cash, use them to pay future premiums, buy more coverage, or leave them in your insurance plan for growth opportunity.

9. Does this product cover health issues?

The basic plan covers life insurance only. However, you may advance a portion of your Face 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.

Note: If there is any difference between the information here and your actual insurance policy, the policy terms will prevail. 

Get a Quote:

Date of Birth:
Gender:
Do you smoke?
How many years would you like to pay?
How often would you like to pay?
Would you like to add a rider?
Quote Result
Basic Plan
 
The amount of time you will be paying for your plan
Premium:
PHP XX,XXX,XXX / year
Fund value (Year 20):ZZZ
Fund value (Year 10):YYY
Talk to an advisor
Basic Plan + Accidental Death & Total Disability Benefits
The amount of time you will be paying for your plan
Premium:
PHP XX,XXX,XXX / year
Fund value (Year 20):ZZZ
Fund value (Year 10):YYY
Talk to an advisor

  1. The above illustration uses the following assumption:
  2. Face amount for Critical Illness Benefit (PHP 250,000) and Hospital Income Benefit (PHP 500) are only applicable to this calculation if you selected ‘yes’ to add a rider in the field above. The premiums are based on the initial premium and increases every 5 years for Critical Illness Benefit. These riders are subject to exclusions and/or provisions on pre-existing conditions and gives you the right to a cooling-off period, as stated in the insurance policy contract.
  3. The example above is for illustration purposes only, based on the details you entered. The calculation does not include any taxes or other charges that may be imposed, and all data contained herein is subject to change without notice.
  4. Please note that this information should not be construed as an offer to sell or solicitation to buy any financial product. A Sun Life Financial Advisor can help customize a plan for you based on your financial situation.
  5. Benefits indicated in this material are subject to the specific guidelines set by Sun Life and the actual provisions of the insurance policy contract.

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