Sun MaxiLink Prime: Insurance with Investment

From the time I decided to learn how I can be able to grow my savings as I shared in my very first post, I immediately got a Savings and Investment plan with Sun Life. My family and loved ones got this too. And recently, I received my Anniversary Statement of Account from Sun Life that I have been a client for a year now and counting. Thank you, Lord!

It feels great knowing you have set aside for your future's needs specially if this is your starter plan, right? And you don't need to have big savings to start, I will share more of it with you later.

Meet Sun MaxiLink Prime, it is one of the best products of Sun Life Financial. Why? Because part of your deposit is invested in a Mutual Fund type of investment. Not only you and your family are protected from unforeseen event but also, you can be a potential millionaire with your savings as you can expect a higher return compared sa nakasanayan natin sa bank savings account. You can use the fund value as retirement or health fund or for any other long-term goals.

What is Sun MaxiLink Prime?

Sun Maxilink Prime's newest brochure

From Sun Life's website:

Sun MaxiLink Prime
The Sun MaxiLink Prime is a peso denominated variable life insurance plan that provides financial protection PLUS a potential source of savings that can fund future needs like retirement income through its investment earnings. There are 5 funds to choose from where your premium payments will be invested in. These funds are managed actively and prudently by our top-notch investment professionals. Sun MaxiLink Prime is payable for at least 10 years*

* The premium paying period is not guaranteed. You may be required to pay additional premiums after 10 years if the fund value is insufficient to pay charges.


Therefore, Sun MaxiLink Prime is a Variable Universal Life or Variable Unit-Linked Insurance or commonly called VUL plan. When a policy owner deposits premium, part of it pays for the insurance charges and a portion is invested in Mutual Funds managed by professional fund managers. You have the option which fund you want to invest in: Equity Fund, Balanced Fund, Bond Fund, My Future Fund, Growth Plus Fund and Index Fund. But be sure you know your goals, time horizon and risk tolerance first. 

To explain further, watch this video about Variable Unit Linked (VULs) like the Sun Life MaxiLink Prime as explained by Aya Laraya of Pesos and Sense:


How much do you need to save?

As I have mentioned earlier, you don't need to have a large amount of money to get this plan. If you can save at least Php 1,500 monthly or Php 750 every salary cutoff, then you can enjoy its benefits.

For Php 52/day? Yes, owning this plan is affordable right? But what if, you can save a higher amount? Then, you can have higher benefits as well.

What benefits can you get from Sun MaxiLink Prime?

Lets say you're 30, Male, non-smoker and you want to save Php30,000 yearly or Php2,500 monthly or Php82 a day

These are the benefits you can get: Guaranteed Protection of Php1 Million with Total Disability Benefit and in case of Accidental death, additional Php500,000.

Sounds good? But wait there's more!

Additional benefits you can attach to your plan are:

  • Accidental Death, Dismemberment and Disablement (benefit if there's an accidental bodily injury which result in loss/losses of body parts or if you're permanently and totally disabled for 12 months)
  • Critical Illness Benefit (if diagnosed with any of the 36 critical illnesses)
  • Hospital Income Benefit (daily hospital income of Php1k up to a maximum of 1,000 days)
  • Waiver of Premium upon death of initial owner (if the insured is a child)
  • Waiver of Premium upon death or disability of initial owner  (if the insured is a child)

And yes, this insurance with investment plan will answer two possible hazards:

DYING TOO SOON
If you are head of the family (or you have dependents) and you have dreams for your loved ones, in case of death (if God forbids) your dreams won't die with you when you do. How? Because your Sun MaxiLink Prime plan will take care of your family's needs because of the guaranteed protection worth Php1 million plus whatever amount of the fund value.

For example:
If something happens to you on the 4th year of the policy (wag naman sana), your beneficiaries may claim Php 1 million plus fund value amounting to Php 80,220 (at 8% projected annual return) or Php 83,812 (at 10% projected annual return). In case of death due to accident, additional Php 500k will be given to your loved ones.

LIVING TOO LONG
This will answer the problem of retirement or money for your old age. For your total savings of Php300k (Php30k yearly for 10 years saving period), these are the projected future fund value that you may use as retirement fund or health fund or fund for any long-term goals:

Lets say, you want to retire and enjoy what you have accumulated after 25 years (at age 55), you may get Php 1,001,451 (at 8% projected annual return) or Php 1,474,334 (at 10% projected annual return)

How about if you want to retire after 30 years (at age 60)? You may enjoy Php 1,446,715 (at 8% projected annual return) or Php 2,349,451 (at 10% projected annual return)

How about if you want to retire after 35 years (at age 65)? You may reap the rewards of saving worth Php 2,079,482 (at 8% projected annual return) or Php 3,738,990 (at 10% projected annual return)

That you may use to buy your food, medicines, pay hospital check-ups etc. Isn't it great?

Not only that, since emergencies do happen whether you like it or not, you can withdraw partial amount in your investment fund but be sure not to get the total amount so you will still be insured until the age of 88.

*Investment fund values are calculated assuming the fund is earning 4%, 8% and 10%. But based on the completed years (as of Dec. 2015), Equity Fund averaged at 13.27%, Balanced Fund at 10.71% and Bond Fund at 6.29%.

If you are a breadwinner, OFW or young professionals, you may consider getting this as your starter plan. It is better to have it earlier than to be sorry.

Get Sun MaxiLink Prime while you are healthy and young. The premium is affordable and you have all the time in the world for your investment to grow more.

If you just started working or you're in your early 20s, now is the best time. You will be thanking me (or kahit hindi na) because you won't have regrets at all. Believe me! 

Are you still in your 20s, 30s or 40s? It's not too early nor too late!
Are you still in your 50s? Hey, you still have 10 years to save for your retirement. Get this plan now!


Request for a FREE Sun MaxiLink Prime proposal.

Powered byEMF HTML Contact Form

Do you need Financial Planning consultation? This is absolutely free of charge and no obligation. You may contact Jacqui, who will journey with you towards a secured financial future, through the following:

Mobile numbers/viber: 0933-2014898 (sun) / 0916-4385451 (globe)
Email address: jacquinoynay@gmail.com / jacquinoynay@styleyourfinance.com
Twitter: @jacquinoynay

You may also request for an appointment in our office in Sun Life Royal Poinciana NBO 15F Frabelle Business Center, 111 Rada St. Legaspi Village, Makati City. Let me know what schedule works for you so we can meet there.

If you think this will add value to your loved ones, share it to them!

Share:

45 comments:

  1. hi jacqui please help me. pwede mo ba ako payuhan o turuan kung saan maganda mag invest ng pera? Interested ako sa Investment na ito. Here are my details:

    32 years old
    female
    non smoker
    5000php a month savings
    dianacruz@yahoo.com

    I want to use it for my retirement needs and hope you can help me. Thanks a lot

    ReplyDelete
  2. Hi Diana,

    I already sent you an email. Check it out and just let me know how do you feel about it. Cheers!

    ReplyDelete
  3. Thanks for sharing this information on insurance with investment. Want to know about safe investments and have been searching for a right personal financial advisor Las Vegas. Hope to get someone good soon.

    ReplyDelete
  4. Sunlife really is cheaper than Prulife UK.

    ReplyDelete
  5. question,

    if i get the maxilink prime and i pay 50,000 per year and the policy i got is for 10yrs, it means i will pay a total of 500k.

    at the end of year 10 of my policy, am I guaranteed of at least 500k if i wanted to cash out the value of the policy?

    thank you

    ReplyDelete
    Replies
    1. Hi boybilis, the Fund Value of the plan is not guaranteed. It will depend on how our economy is performing. If you need the Fund Value after 10 years (if this is your goal), we can come up with a plan that has a projected fund value of at least 500k (based on 8% potential return) so you'll know how much premium you need to pay yearly

      Delete
  6. There are several reasons why people want to purchase life insurance for their elderly parents, but the primary one is to provide financial coverage in case the worst should occur. Life insurance for your elderly parents

    ReplyDelete
  7. It's a nice article, Which you have shared here about the insurance premium. Your article is very useful for those who are looking for an insurance policy. thanks for sharing.
    home insurance

    ReplyDelete
  8. I think that your article will be helpful for us. I learn more information that you published on your site. Thanks for sharing this article. medical insurance - prepaid hospital cash assistance plans

    ReplyDelete
  9. Awesome article. Insurance saves yourself from mental and financial distress. Insurance is basically a method by which you transfer or mitigate your personal risk. Check Top Insurance Companies in Pakistan – Protecting you from Losses.

    ReplyDelete
  10. Thanks for sharing this information on insurance with investment. Pakistan’s Smartest Property Al Ghurair Giga! For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. Giga Mall

    ReplyDelete
  11. Pakistan’s Smartest Property Dealer! For more than a decade our intention has been to revolutionise the real estate industry in Pakistan.

    ReplyDelete
  12. Deliverbility is a trusted email verifier
    online for marketers to improve email deliverability by eliminating hard bounces, reducing complaints, protecting accounts against fraud, and thus, increasing deliverability.

    ReplyDelete
  13. Pakistan’s Smartest Property Dealer! For more than a decade our intention has been to revolutionise the real estate industry in Pakistan.

    ReplyDelete
  14. I would also like to suggest a trusted and the best insurance company in Pakistan. You may check their services.

    ReplyDelete
  15. Ich muss mich bei Ihnen für die Veröffentlichung dieses Blogs bedanken, da das Thema heute sehr gefragt ist und jeder darüber lesen möchte. Wir bieten Finanzplaner zu einem erschwinglichen Preis. Für weitere Informationen besuchen Sie unsere Website steueroptimierung schweiz

    ReplyDelete
  16. The hash mall is one of the largest mall in Bahria town Rawalpindi. We are provides a lots of information about real estate and much more contact us for more details or visit our website
    the Hash Mall

    ReplyDelete
  17. I generally want quality content and I found that in your post. The information you have shared about retirement planning, is beneficial and significant for us. Keep sharing these kinds of articles here. Thank you.
    retirement planning advisor

    ReplyDelete
  18. I am very thankful to you as the post you have shared here is amazing. Through this post I got some helpful knowledge about retirement planning. Thanks for posting it. Keep posting. retirement planning 

    ReplyDelete
  19. Insurance Companies provide you different insurance according to your needs. These insurance includes

    Health Insurance
    Life Insurance
    Property Insurance
    Guarantee Insurance
    Car Insurance
    Social Insurance
    Fire Insurance
    Liability Insurance
    There are a lot of insurance companies in Pakistan that are providing above mentioned insurance policies with different terms and conditions.

    ReplyDelete
  20. The Medicare supplemental insurance ("Medigap") plans provide coverage for: medicare agent near me

    ReplyDelete
  21. Life is unpredictable. We have no idea what will happen next. We face several tragedies and injuries in terms of disease, accident, and death. It never comes after telling. It just happens suddenly without deciding any plan for it. And for this sort of unexpected loss, damage, and death, we have to struggle and go through such hard times to overcome it. To deal with these matters, we advise you to get financial and mental safety by registering yourself in the best insurance companies in Pakistan.

    ReplyDelete
  22. Life is unpredictable. We have no idea what will happen next. We face several tragedies and injuries in terms of disease, accident, and death. It never comes after telling. It just happens suddenly without deciding any plan for it. And for this sort of unexpected loss, damage, and death, we have to struggle and go through such hard times to overcome it. To deal with these matters, we advise you to get financial and mental safety by registering yourself in the top insurance companies in Pakistan.

    ReplyDelete
  23. Awesome post, you have shared an informative article about planes medicos en florida . Your method of writing is great. Keep it up.

    ReplyDelete
  24. Great Post! Thanks for your Share.


    Quality Onesie: Kigurumi Onesie Pajamas For Adults And Kids

    Qualityonesie offers Pikachu, Disney, Anime, Hello Kitty, Animals, Winnie the Pooh, Stitch, Unicorn Kigurumi Onesie Pajamas for Adults and Kids.

    ReplyDelete
  25. I'd like to express my gratitude for writing such a helpful article. This article provided me with some useful knowledge. Thank you for sharing about capital security insurance. Keep up the good work.

    ReplyDelete
  26. I am pleased that this article provided me with some important information. Thank you so much for sharing about buy bitcoin. Keep up the good work.

    ReplyDelete
  27. This comment has been removed by the author.

    ReplyDelete
  28. Very well written article. It was an awesome article to read. Complete rich content and fully informative. I totally Loved it. Read more info about linzhi

    ReplyDelete
  29. Women are interested in styles and modern design. Similar occurs with the collar neck blouse designs. Saree have full create anybody gorgeous, however occasionally a similar styles create us look dull

    ReplyDelete
  30. I liked your work and, as a result, the manner you presented this content about Insurance In Orlando Florida.It is a valuable paper for us. Thank you for sharing this blog with us.

    ReplyDelete
  31. I'd like to express my gratitude for writing such an informative piece on this blog. This article provided me with a variety of data about online cryptocurrency trading platform. Continue to post.

    ReplyDelete
  32. It is really a helpful blog to find some different source to add my knowledge. property insurance

    ReplyDelete
  33. You have provided valuable data for us. It is great and informative for everyone. Read more info about Cryptocurrency Exchange Keep posting always. I am very thankful to you.

    ReplyDelete
  34. You are giving such interesting information. It is great and beneficial info for us, I really enjoyed reading it. Thankful to you for sharing an article like this.forecasting financial needs

    ReplyDelete
  35. Exact information, this information is excellent, informative and very important for everyone. I am very very thankful to you for providing this kind of information. Thanks once again for sharing it.

    <a href="https://ajoobz.com/>What Is The Next Rising Cryptocurrency</a>

    ReplyDelete
  36. I really appreciate your work which you have shared here about the article you have shared here is very informative and the points you have mentioned are very helpful. Thank you so much.Spain Crypto Cpa Israel

    ReplyDelete
  37. All of us want to live a healthy and secure life with our families. But we can’t deny the truth that Allah has its secrets to reveal at the right time. Life is unpredictable. We have no idea what will happen next. We face several tragedies and injuries in terms of disease, accident, and death. It never comes after telling. It just happens suddenly without deciding any plan for it. And for this sort of unexpected loss, damage, and death, we have to struggle and go through such hard times to overcome it. To deal with these matters, we advise you to get financial and mental safety by registering yourself in the best Insurance companies in Pakistan.

    ReplyDelete
  38. You wrote this post very carefully. The amount of information is stunning and also a gainful article for us. Keep sharing this kind of articles, Thank you.Buy Finance Infographics Collection Online in USA

    ReplyDelete
  39. Your blogs are great.Are you also searching for dnp capstone writers Check on our site. whatsapp us:+1-(951)-468-9855

    ReplyDelete
  40. My friend mentioned to me your blog, so I thought I’d read it for myself. Very interesting insights, will be back for more! European stock listed companies

    ReplyDelete
  41. You've shared some excellent material. I'm grateful for this post because it contains a lot of useful information. Thank you for sharing this piece of writing. El Paso Insurance Agency

    ReplyDelete