The insurer stated the product offers guaranteed acceptance and does not require lengthy applications or medical examinations.
The plan provides life insurance protection up to age 100, with coverage equal to at least five times the annual premium. As an investment-linked product, it also gives policyholders access to a selection of local and global investment funds to grow their fund value, catering to various risk appetites.
Customers can pay for the plan annually, semi-annually, or quarterly over five or 10 years.
The launch follows recent findings from Sun Life Asia’s Financial Resilience Index. The study showed that Filipinos struggled with long-term planning despite expressing high financial confidence.
It found that only 64% of respondents felt capable of meeting their future goals, while one in three said they would not be able to sustain themselves for more than three months without external support if their income suddenly stopped.
Carla Gonzalez-Chong, Sun Life Philippines Client Experience and Marketing Head, said the product is designed to help address this.
Carla Gonzalez-Chong
“Sun Life EasyLink Protect can help them get started by building a strong financial foundation,” she stated. “[It’s] designed for… [people] who want protection and potential growth in one simplified plan.”
Latest data from the Insurance Commission showed Sun Life Philippines’ premium income was at PHP 57.16 billion in 2024, with a net income of P10.98 billion.
