MANILA, Philippines - Sun Life Financial-Philippines has created Sun MaxiLink One, a single-premium, peso denominated protection and investment product, ideal for people looking at investing their excess funds as a way to diversify and balance their asset portfolio.
With a minimum single premium of P500,000, the product maximizes the money’s earning potential because the product has no premium charges, therefore the single premium is invested in full, resulting in faster accumulation of fund value.
Furthermore, it secures the life of the insured with insurance coverage equivalent to at least 125 percent of the single premium, less 125 percent of withdrawals, up to age 88.
“Sun MaxiLink One is the only unit-linked product offered by Sun Life that has no initial charges. Thus, the full single premium is invested right away thus allowing faster build up of funds,” Mylene Lopa, SLFP chief marketing officer, said. The policyholder is given the option to invest in any of the three investment funds available, namely: Growth Fund which invests mainly in high-quality listed equities of Philippine entities; Income Fund which invests in high-quality fixed income securities issued by the Philippine Government and in high-quality corporate debt securities issued by Philippine companies; and, Opportunity Fund which invests in a mix of high-quality debt and equity securities mainly of domestic issuers.
Under certain conditions, it also offers guaranteed acceptance for up to P15 million in single premium. Meaning, the insured will not be subjected to any medical examinations.
Those who avail of Sun MaxiLink One and keep the policy active for at least 10 years will also enjoy a loyalty bonus currently equivalent to two percent of the policy’s average fund value for the past five years. The loyalty bonus is payable at the end of the 10th year and every five years thereafter as long as the policy is in force.
“Sun MaxiLink One is the product suitable to financially conscious individuals who understand that making long-term investments is necessary in gaining greater returns in the future, and at the same time believe in the importance of life insurance as the key to lifetime security,” Lopa said.