- Life insurance coverage of 110% of your single payment
- 7 years of guaranteed financial protection for your family
Secure your family's future while enjoying guaranteed yearly income
Sun Life Wealth Prosper 7 is a single-pay life insurance plan that gives you protection coverage and guaranteed yearly cash payouts for 7 years. If you outlive the protection period, you are also guaranteed to get your money back after 7 years.
Think of it like planting a fruit-bearing tree: you make one investment today, enjoy the harvest year after year, and still have something valuable for the future. With guaranteed income, built-in protection, and a money back feature, you can grow your wealth with confidence and peace of mind.
Key benefits
Protection for your family's future
Guaranteed yearly income
- Enjoy 4.50% yearly cash payouts for 7 years
- Payout starts at the end of your policy’s first year
Money-back at maturity
- Get back 100% of your single payment and the last cash payout after 7 years
Guaranteed acceptance in application
- Experience easy and hassle-free application process
- No medical exam required
Convenient one-time payment
- Pay only once and enjoy 7-year coverage
- Added peace of mind with payment settled upfront, so you can focus on other priorities
Wealth-building simplified
- Protection and savings combined in one plan
- Perfect for securing your financial goals
How it could help
Here are sample scenarios illustrating Sun Life Wealth Prosper 7’s impact.
Maria, 35 – young professional building security
Maria works hard and wants to ensure her two children have financial support if anything happens to her. She was worried about finding time to pay monthly insurance premiums while managing work and family.
Sun Life Wealth Prosper 7 was the perfect fit with one upfront payment, no medical exam needed and she’s covered. Every year, she receives 4.50% cash payout, which she uses for her kids' school supplies and activities.
After 7 years, when her children are teenagers, she'll get her full payment back plus the last annual payout for that year. Maria sleeps better knowing her family is protected and she's building wealth at the same time.
Roberto, 45 – planning for retirement
Roberto has been saving for retirement but wanted a way to protect his family while earning extra income. He purchased a Sun Life Wealth Prosper 7 plan with a substantial single premium and appreciated the straightforward approach.
The guaranteed 4.50% annual payout supplements his regular income, enabling him to travel and pursue hobbies. After 7 years, he'll receive 100% of his premium back, and he can use this to fund his retirement dreams.
Roberto feels confident not only because his family is protected, but also because he has an additional income stream.
Lisa, 28 – new parent with big dreams
Lisa recently became a mother and started thinking about her daughter's education fund and their family’s security. She wanted protection but was intimidated by complex insurance options.
Sun Life Wealth Prosper 7 gave her exactly what she needed: a simple plan with guaranteed income. She sets it up in one go without taking any medical exam, and now, the 4.50% annual payments go straight into a dedicated education fund for her daughter.
Within 7 years, as her daughter grows, Lisa will have built a meaningful fund, and she will also get her original payment back.
Your questions answered
1. What is Sun Life Wealth Prosper 7?
It is designed to help ease your financial worries and put certainty on your savings. It is a limited offer, 7-year protection and savings plan that provides life insurance coverage, cash payouts, and a guaranteed return of your money at the end of the protection period.
2. How much life insurance coverage do I get?
You receive coverage equal to 110% of the single premium you pay. For example, if you pay ₱500,000, your coverage is ₱550,000. However, if your policy is issued under the Guaranteed Insurability Offer and you, the insured, passes away within the first year of the policy, you will receive back your payment, except when death is due to an accident.
3. When do I start receiving cash payouts?
Your 4.50% annual cash payout starts at the end of your policy’s first year and continues for the next 6 years.
4. What happens after 7 years?
When your plan matures, you will receive 100% of the premium you paid, along with the last annual payout to be given after 7 years.
5. Do I need a medical exam to apply?
No. Sun Life Wealth Prosper 7 offers guaranteed acceptance which does not require a medical exam.
6. Are the annual payouts guaranteed?
Yes, the annual payouts are guaranteed. You can use them however you wish: allocate them for present needs or set them aside for future needs.
7. Is this a one-time payment plan?
Yes. You just pay one lump sum upfront, and there are no monthly or annual premium payments
8. Who can apply for Sun Life Wealth Prosper 7?
Sun Life can provide eligibility details and premium amounts based on your age and circumstances. Contact your Sun Life Advisor for personalized information.
9. What if I don't claim any of the cash payouts during the 7-year coverage period?
Your cash benefits will be paid out automatically when due. We encourage you to enroll in Credit-to-Account (CTA) for a faster and more convenient payout process. Otherwise, your payout will be delivered through courier.
Note: If there is any difference between the information here and your actual insurance policy, the policy terms will prevail.