Sun Life unveils affordable new protection, savings product for professionals

FILIPINO employees and professionals today have diverse financial goals depending on theGeneration from which they come.

WHILE HELPING TO CHASE DREAMS Sun Life Save and Protect considers the realities of Filipino employees and professionals, especially those who are still building their financial portfolio. IMAGE FROM SUN LIFE

Based on a study conducted by Sun Life, those in generation Z and younger millennials aspire to build multiple sources of income that can help them achieve their life goals. 

Meanwhile, older millennials and Gen Xers are focused on saving up for their retirement while also funding their children’s education. But while they are open to availing themselves of insurance products that could help them fulfill their goals, affordability is usually an issue, since there is little room to move in their budget.

To help bridge the gap, Sun Life Philippines has unveiled Sun Life Save and Protect, a simple and affordable life insurance protection plan.

Sun Life Save and Protect allows one to secure the future of loved ones with the life insurance benefit, which offers up to 20 times maximum amount of coverage, based on the annual premium. If the life insurance benefit remains unused during the coverage period, the insured will receive at least 100 percent of the total annual premiums, paid after 20 years.

This benefit is activated upon the plan’s maturity.

“With Sun Life Save and Protect, we envision more Filipinos achieving their financial goals because they can afford to do so,” Sun Life Philippines Chief Client Experience and Marketing Officer Carla Gonzalez Chong says. “It offers a smart way to secure the future.”

Depending on the variant, Sun Life Save and Protect plans offer manageable payment options.