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What is Life Insurance?

Life Insurance is a system designed to protect people

against FINANCIAL hardships in the event of a loss.

 Provide for dependent family members

 Protect future insurability
 Cover costs related to death
 Protect a company’s financial success
 Pay taxes on an estate
 Cover costs related to disability
 Provide future need for money for living too long

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 Traditional Products

TERM ENDOWMENT
SUN Safer Life – 5YRCT Sun Acceler8
Sun LifeAssure – 5YRT Sun First Aid Plus
Sun Maiden – 5YRT Sun StartUp
Sun Maiden Plus – 5YRT Sun Dream Achiever

WHOLE LIFE
STRAIGHT WHOLE LIFE
SUN Smarter Life Classic Peso Regular Pay
SUN Smarter Life Elite Peso Regular Pay
LIMITED-PAY WHOLE LIFE
SUN Smarter Life Classic Peso 5/10
SUN Smarter Life Elite Peso 5/10
SUN Fit and Well 10/15/20

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 Types of Traditional Plans

• One of the most affordable forms of life insurance

• It provides PROTECTION only for a specified period;
TERM
• No savings component (No Cash Value and Dividends);
SUN Safer Life: 5YRCT
• Also known as “temporary” protection;
Sun LifeAssure: 5YRT
Sun Maiden: 5YRT • Renewable
Sun Maiden Plus: 5YRT • Specific Riders can be attached
• Some are convertible to permanent/endowment/VUL;
• Natural Premium – premium increases as you renew or
convert the plan (at attained age);
• Some term plans can be purchased as a term benefit
(up to 6x of the basic plan’s face amount).

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 Types of Traditional Plans

• A non-participating, 5YRCT product that offers life

insurance protection equivalent to 200% of the Face
TERM Amount until age 75
• Issue ages 18-64
SUN Safer Life: 5YRCT
• Renewable automatically every 5 years until age 74
(without evidence of insurability)
• Available Riders: ADB* and TDB;
• Minimum face amount is Ps. 1,000,000
• Convertible to Whole Life, Endowment (including VUL)
until age 65
• No Savings Component (Protection only)
• Natural Premium: Premium increases as you renew or
convert the plan (at attained age);
• Can be availed as a term rider (Safer Life Rider) up to 6x
of the traditional plan’s basic face amount

7*ADB Rider can be attached up to maximum coverage of 200% of the Face Amount
 Types of Traditional Plans

• A peso denominated non-participating five-year renewable

term plan which pays the face amount either upon death or
TERM upon diagnosis of critical illness while the insured is alive
whichever occurs first.
Sun LifeAssure: 5YRCT
• Sun LifeAssure covers 36 critical illnesses
• Renewable up to age 69 (w/o evidence of insurability)
• Issue Age: 18-60
• Coverage is up to age 70
• Available Riders: ADB & TDB
• Minimum face amount is Ps. 500,000; maximum is Ps.
8,000,000 per any one life
• No Savings Component (Protection only)
• Sun LifeAssure is not convertible

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 Types of Traditional Plans

• Provides financial assistance; percentage of the face

amount for Female Specific Critical Illnesses
TERM
• Free 5 Diagnostic/Preventive Procedures within the
Sun Maiden: 5YRCT first 10 years of the policy which can be availed once
Sun Maiden Plus: 5YRCT annually after the 1st policy anniversary

• For Maiden Plus, maternity benefit of 2% of the face

amount for every child delivered; maximum of 3
children.

• 10% of the face amount for any of the following

Pregnancy Complications: Ectopic Pregnancy,
Hydatidiform Mole and Disseminated Intravascular
Coagulation (DIC).

• Issue Age: Sun Maiden (18-55); Sun Maiden Plus (18-45).

Coverage: up to age 65

• Minimum: Ps. 500,000; Maximum: Ps. 2,000,000

• Available Riders: ADB, TDB & CIB

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 Types of Traditional Plans

• It pays the face amount in case of death of the insured during the span of his life
or up to age 100

• Can avail the Fully Paid Up Life, Early Maturity and Premium Offset

• With savings component c/o Cash Value/Dividends/Endowment Benefit*

• Level Premium

• Has Non-Forfeiture & Dividend Options

• 2 Types: Straight Whole Life & Limited-Pay Whole Life

WHOLE LIFE
STRAIGHT WHOLE LIFE
SUN Smarter Life Classic Peso Regular Pay
SUN Smarter Life Elite Peso Regular Pay*
LIMITED-PAY WHOLE LIFE
SUN Smarter Life Classic Peso 5/10
SUN Smarter Life Elite Peso 5/10*
SUN Fit and Well 10/15/20

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 Types of Traditional Plans

• Participating whole life plan with coverage up to age 100

• Provides maximum protection of 200% of the face amount
WHOLE LIFE
• Premiums are payable for life
STRAIGHT PAY
• With Fully Paid-Up and Early Maturity option
SUN Smarter Life
Classic Peso Regular Pay • Eligibility issue ages of 0-80
• Minimum face amount is Ps. 200,000
SUN Smarter Life • Level Premium
Elite Peso Regular Pay
• Available Riders: ADB*, TDB, HIB, CIB, Safer Life Rider &
WPD/WPDD (for child insured)
• Living Benefit Rider (policy must be in force for at least 2 years)
• With savings component (c/o Cash Value & Dividends)
• FOR ELITE: Pays Anticipated Endowment Benefit** of 8% of
the face amount starting at the end of the 6th year and every
two years thereafter for life
Note: dividends are not guaranteed

*ADB Rider can be attached up to maximum coverage of 200% of the Face Amount
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Anticipated Endowment Benefit does not reduce the original face amount
 Types of Traditional Plans

• Participating whole life plan with coverage up to age 100

• Provides maximum protection of 200% of the face amount
WHOLE LIFE
• Limited premium payment period;
LIMITED-PAY
CLASSIC/ELITE PESO 5 5 years to pay
SUN Smarter Life
Classic Peso 5 & 10 CLASSIC/ELITE PESO 10 10 years to pay
• Eligibility issue ages of 0-80 years old
SUN Smarter Life • Minimum face amount is Ps. 200,000
Elite Peso 5 & 10
• Level Premium
• Available Riders: ADB*, TDB, HIB, CIB, Safer Life Rider &
WPD/WPDD (for child insured)
• Living Benefit Rider (policy must be in force for at least 2 years)
• With savings component (c/o Cash Value & Dividends)
• FOR ELITE PESO 5/10: Pays Anticipated Endowment Benefit**
of 8% of the face amount starting at the end of the 6th year and
Note: dividends are not guaranteed every two years thereafter for life
*ADB Rider can be attached up to maximum coverage of 200% of the Face Amount
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Anticipated Endowment Benefit does not reduce the original face amount
 Types of Traditional Plans

• A participating, limited-pay whole life critical illness product

that provides a combined benefit of savings and
WHOLE LIFE comprehensive health protection until age 100.

LIMITED-PAY • Savings include: (1) Limited-pay level premium which offers a

platform to save early for protection needs, (2) Access a
SUN Fit and Well 10/15/20 portion of your saving via anticipated endowment benefit and
(3) Enjoy a non-guaranteed special paid-up bonus including
cash dividends.
• Health Protection element aims to provide a comprehensive
protection on CI to address the needs while going through key
stages of a customer’s health journey: Prevention, Diagnosis,
Treatment and Rehabilitation.
• Product variations:
SUN FIT AND WELL 10/15/20
SUN FIT AND WELL PLUS 10/15/20
SUN FIT AND WELL ADVANTAGE 10/15/20
• Eligibility issue ages vary according to (1) Product Variations,
(2) Standard and Higher Ages and (3) Smoking Declaration.

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 Types of Traditional Plans

• Minimum face amount is Ps. 300,000 (Standard Age); 500,000

(Higher Age)
WHOLE LIFE • Non-Forfeiture Option: Reduced Paid-Up (Default) and
LIMITED-PAY Automatic Premium Advance

SUN Fit and Well 10/15/20 • Riders: ADB, TDB, WPD & WPDD

*ADB Rider can be attached up to maximum coverage of the Face Amount and subject to the maximum
ADB/ADDD limit per life
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 Types of Traditional Plans

• It pays the face amount in case of death of the

insured during the endowment period or;
• Living Benefit is payable in case the policy owner
ENDOWMENT
survives at the end of the endowment period Sun Acceler8
Sun First Aid Plus
• With savings component c/o Cash Value and
Sun StartUp
Dividends Sun Dream Achiever
• Usually payable for 10 or 20 years
• With Non Forfeiture & Dividends Options
• Can avail the Fully-Paid Up & Early Maturity.

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*dividends are not guaranteed
 Types of Traditional Plans

• A 10-pay, non-participating endowment insurance, with

maturity benefit at the end of the 10th year equal to 50%
Return of Premium (ROP).
ENDOWMENT
• Eligibility Age: 18-50
Sun StartUp
• Minimum Face Amount: Ps. 200,000

• Riders: ADB only

• Simplified Insurability Offer (SIO) up to first Ps. 500,000

coverage. Regular underwriting applies beyond the SIO
limit and if the life insured will be declined under SIO
guidelines.

• Can be surrendered at any time for cash value. Policy has

no dividends.

• Non Forfeiture Option: Extended Term Insurance and

Automatic Premium Advance only

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 Types of Traditional Plans

• A 10-year non-participating hospital income Simplified

Insurability Offer (SIO) product with money back feature
(return of premium).
ENDOWMENT
• (1) Daily Hospital Income, (2) Long-Term Hospital Income, (3)
Intensive Care Unit Income, (4) Surgical Benefit Sun First Aid

• Return of premiums equal to 50% or 75% of original annual

premiums paid at the end of the 10th policy year.

• With savings component (c/o Cash Value)

• Life Coverage which is equal to the total of original annual

premiums* paid decreased by any advances with interest*
*Example: If insured dies on the 3rd year, death benefit will be
equal to 3x original annual premium.

• Issue Ages: 18 to 55

• Minimum Plan amount: 2,000; Maximum Ps. 10,000

• ADB and TDB (built-in)

• Level Premium
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 Types of Traditional Plans

• An 8-Pay, 20 Year Endowment insurance product which

provides guaranteed cash benefits starting at 8% of FA given
at the end of the 8th year and every two years thereafter
ENDOWMENT
• The guaranteed cash benefit increases by 2% every two
years. It also provides increasing life insurance protection by Sun Acceler8
16% of the FA annually until the 8th year up to a maximum of
228% of the FA.

• Eligibility Age: 0-65 (non-smoker) and 16-65 (smoker)

• Minimum Face Amount: Ps. 500,000

• Riders: ADB, TDB, CIB, HIB, WPD and WPDD only

• Can be surrendered at any time for cash value. Policy has

non-guaranteed dividends starting on the 9th year onwards.
It also entitles the policyowner to receive a non-guaranteed
Special Paid-Up Bonus at the end of the 8th policy year

• Non Forfeiture Option: Reduced Paid-Up Insurance (default)

and Premium Advance only

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 Types of Traditional Plans

• A 5-pay, participating endowment insurance, with education

benefits payable in 4 installments starting on the year chosen
by the policyowner (a choice between 12-17 from issue date).
ENDOWMENT
• Education benefits are guaranteed and increase by 15%
every year where total benefits equal to 100% of the face Sun Dream Achiever
amount. Policy matures on the fourth education payout.

• Provides cash value and dividends*. If left with the company

to accumulate, dividends can also be served as a graduation
gift to your child.

• Riders: ADB, TDB and Contingent Benefit upon Total

Disability (CBTD) (with mandatory TDB)

• CBTD pays 10% of the face amount ANNUALY during total

disability of the insured. Advances with interest (if any) will be
deducted from the contingent benefits.

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*dividends are not guaranteed
 Types of Traditional Plans

• CBTD is payable until the policy anniversary before the first

education payout.

• Note that education benefits cannot be left with the company ENDOWMENT
to earn interest. All payouts will be paid to the policyholder as
scheduled. Sun Dream Achiever

• Any advances will be deducted from Education benefits

including interest.

• Minimum Face Amount: Ps. 250,000

• Eligibility Age: 18-40

• Simplified Insurability Offer (SIO) up to first Ps. 500,000

coverage.

• Can be surrendered at any time for cash value. Policy has no

dividends.

• Non Forfeiture Option: Reduced Paid-Up and Automatic

Premium Advance only

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 Non-Forfeiture Options

CASH SURRENDER VALUE REDUCED PAID-UP

EXTENDED TERM INSURANCE AUTOMATIC PAYMENT LOAN

Note:
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For Participating Plans ONLY
 Cash Surrender Value
SUN SMARTER LIFE CLASSIC REGULAR PAY
(Male/Age 30/NS/ADB & TDB/FA: Ps. 1M)
Annual Premium: Ps. 26,350

Protection Period No More Protection

FA: 1,000,000

30 40 65 100
Maturity Benefit
QUITS paying Ps. 0.00
Cash Surrender Value: P 147,803
cash value: 142,960
accumulated div*: 4,843

*DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

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 Reduced Paid-Up
SUN SMARTER LIFE CLASSIC REGULAR PAY
(Male/Age 30/NS/ADB & TDB/FA: Ps. 1M)
Annual Premium: Ps. 26,350

Protection Period Reduced FA*: 290,000

FA: 1,000,000

30 40 65 100
Maturity Benefit
QUITS paying Ps. 290,000
• REDUCE Face Amount* *DEATH BENEFIT IS 200%
• SAME Protection Period OF THE REDUCE FA

*DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

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 Extended Term Insurance
SUN SMARTER LIFE CLASSIC REGULAR PAY
(Male/Age 30/NS/ADB & TDB/FA: Ps. 1M)
Annual Premium: Ps. 26,350

Protection Period Reduced Protection Period

FA: 1,000,000

30 40
20 years and 104 days
Maturity Benefit
QUITS paying Ps. 0.00
• SAME Face Amount
• REDUCED Protection Period

*DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

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 Automatic Premium Loan
SUN SMARTER LIFE CLASSIC REGULAR PAY
(Male/Age 30/NS/ADB & TDB/FA: Ps. 1M)
Annual Premium: Ps. 26,350

Protection Period
FA: 1,000,000

Loan from cash value to

30 40 41 pay the current premium 65 100
due
Maturity Benefit
MISSED PAYMENT LESS loan w/ interest
after 31 days grace period

*DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

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 Dividends Options

Cash Accumulated Accumulated Premium

Dividends Dividends Paid-Up Additions* Reduction

DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

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* Provides Cash Value of Acc PUA
 Dividends Options

Cash Dividends
Dividends are paid out on a YEARLY basis, based on current dividend scale.

P 27 P 70 P 233 P 1,353

30 31 32 33 34 35….. 40…………………………… 100

DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

Based on SUN Smarter Life Classic Peso Regular/ FA= Ps.1M/ Age 30/ ADB & TDB
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(Illustration only, rates subject to change)
 Dividends Options

Accumulated Dividends
Dividends left on the policy to earn interest, based on current dividend scale.

P 44,666

30 31 32 33 34 35….. 50…………………………… 100

NO WITHDRAWAL

DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

Based on SUN Smarter Life Classic Peso Regular/ FA= Ps.1M/ Age 30/ ADB & TDB
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(Illustration only, rates subject to change)
 Dividends Options

Accumulated Paid-Up Additions

Use dividends to purchase additional coverage.

30 31 32 33 34 35….. 40…………………………… 100

Original ADDITIONAL
COVERAGE*
Coverage *Additional Coverage
also earns cash value.
(Face Amount)

DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

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(Illustration only, rates subject to change)
 Dividends Options

Premium Reduction
Use dividends to pay the premiums. Any balance will be paid in cash.

P 36

30 31 32 33 34 35….. 50…………………………… 100

P 26,350 (Annual Premium)

less:
P 27 (Cash Dividends)
P 26,323 (balance to be paid in cash)

DIVIDENDS are not GUARANTEED

at 3.5% dividend accumulation rate

Based on SUN Smarter Life Classic Peso Regular/ FA= Ps.1M/ Age 30/ ADB & TDB
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(Illustration only, rates subject to change)
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 Supplemental Benefits

SUN LIFE RIDERS ISSUE AGE TERMINATION

Total Disability Benefit 0-55 60
Waiver of Premium Upon Insured: 0-15 Expires BEFORE your
Death of Initial Owner Payor: 18-60 child's 21st birthday

Waiver of Premium Upon Insured: 0-15 Expires BEFORE your

Death & Disability of Initial Payor: 18-55 child's 21st birthday
Owner
Accidental Death Benefit 0-65 70
Accidental Death, 0-55 Accidental
Dismemberment & Death/Dismemberment up
Disablement Benefit to age 70
Disablement: 60
Critical Illness Benefit 18-60 70
Hospital Income Benefit 18-55 60
Female Critical Illness 18-55 65
Female Critical Illness 18-45 65
& Maternity Benefits

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 Supplemental Benefits for Traditional Products

TERM PLANS WHOLE LIFE ENDOWMENT

SUN Safer Life SUN Smarter Life Sun Acceler8
(5YRCT) Classic/Elite Peso ADB, TDB, WPD,
ADB, TDB (Regular Pay) WPDD, HIB & CIB
ADB, TDB, WPD, WPDD
Sun Life Assure HIB & CIB Sun First Aid Plus
ADB, TDB ADB, TDB
SUN Smarter Life
Sun Maiden Classic/Elite Peso 5/10 Sun StartUp
ADB, TDB, CIB (Limited Pay) ADB
ADB, TDB, WPD, WPDD
Sun Maiden Plus HIB & CIB Sun Dream Achiever
ADB, TDB, CIB ADB, TDB, CBTD
SUN Fit and Well
10/15/20
ADB, TDB, WPD, WPDD

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 Quick Glance

MINIMUM POLICIES & ISSUE AGES

TERM PLANS BAND 1 BAND 2 BAND 3 ISSUE AGES

SUN Safer Life (5YRCT) Ps. 1,000.000 Ps. 4,000,000 18-64
Sun LifeAssure (5YRT) minimum: 500,000; maximum: 4,000,000 18-60
Sun Maiden (5YRT) minimum: 500,000; maximum: 2,000,000 18-55
Sun Maiden Plus (5YRT) minimum: 500,000; maximum: 2,000,000 18-45

OPTIONAL RIDERS

PRODUCTS ADB TDB CIB

SUN Safer Life
* *
(5YRCT)
Sun LifeAssure * *
Sun Maiden * * *
Sun Maiden Plus * * *

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 Quick Glance

MINIMUM POLICIES & ISSUE AGES

WHOLE LIFE PLANS BAND 1 BAND 2 ISSUE AGES

SUN Smarter Life Classic Peso Non-Smoker: 0-80

Ps. 200,000 Ps. 1,000,000
Regular Pay Smoker: 16-80

SUN Smarter Life Elite Peso Non-Smoker: 0-80

Ps. 200,000 Ps. 1,000,000
Regular Pay Smoker: 16-80

SUN Smarter Life Classic Peso Non-Smoker: 0-80

Ps. 200,000 Ps. 1,000,000
5 and 10 Smoker: 16-80

SUN Smarter Life Elite Peso Non-Smoker: 0-80

Ps. 200,000 Ps. 1,000,000
5 and 10 Smoker: 16-80

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 Quick Glance

OPTIONAL RIDERS

PRODUCTS
Straight Whole Life ADB TDB WPD WPDD HIB CIB
SUN Smarter Life Classic Peso Regular Pay * * * * * *
SUN Smarter Life Elite Peso Regular Pay * * * * * *

PRODUCTS
Limited-Pay Life ADB TDB WPD WPDD HIB CIB
SUN Smarter Life Classic Peso 5 * * * * * *
SUN Smarter Life Classic Peso 10 * * * * * *
SUN Smarter Life Elite Peso 5 * * * * * *
SUN Smarter Life Elite Peso 10 * * * * * *
SUN Fit and Well * * * *

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 Quick Glance

MINIMUM POLICIES & ISSUE AGES

ENDOWMENT ISSUE
BAND 1 BAND 2 BAND 3
PLANS AGES
Sun Acceler8 Ps. 250,000 Ps. 500,000 Ps. 1,000,000 0-65
Sun StartUp minimum: 200,000 18-50
Sun Dream Achiever minimum: 250,000 18-50

OPTIONAL RIDERS

ENDOWMENT PLANS ADB TDB WPD WPDD CBTD HIB CIB

Sun Acceler8 * * * * * *

Sun StartUp *
Sun Dream Achiever * * *
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For Sun Dream Achiever: Contingent Benefit upon Total Disability (CBTD) can be availed