Sun Maxilink Prime ( BEST SELLER PRODUCT)
Sun MaxiLink Prime is a 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 different 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.
Sun MaxiLink Prime is a 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 different 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.
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How Much is Sun Maxilink Prime?
The cost of Sun Maxilink Prime greatly depends on your desired insurance coverage and your current age. Normally, the quotation will reflect Benefit Amount. The death benefit is actually 200% of the benefit amount so for a P350,000 benefit amount, the insurance coverage is P700,000.
The minimum available plan for Sun Maxilink Prime is P350,000 benefit amount or an insurance coverage is P700,000. Meaning, in case of death of the insured, P700,000 will be the amount your beneficiaries will receive.
How much is that?
For a 20 year old male non smoker, that’s around P19,000 per year or something like P1,600 per month.
For a 30 year old male, around P21,000- P22,000 per year or P1,800 per month.
Most likely, you’d want a bigger insurance coverage especially if you’re the breadwinner of the family or you have people depending on your income. Say you want a P2 Million insurance coverage, how much will that be?
Male 30 years old, non smoker with an insurance coverage of P2 Million – around P60,000 per year or P5,000 per month.
Female 30 years old, non smoker – around P55,000 per year or P4,600 per month.
Sun Maxilink Prime Rates
* based on special rate for non-smokers, with riders Accidental Death Benefit and Total Disability Benefit, rounded off to the nearest thousand.
Solutions for 2 Problems
Since Sun Maxilink Prime is an insurance with investments, it actually solves 2 problems or life’s risks. One is “What if I die too young”? And the other one is “What if I live too long”?
Let’s make a sample proposal and see how it can be a solution to those 2 problems.
Juan (male, 30 years old, non smoker) getting an insurance coverage of P2 Million.
Payment is P5,000 monthly or P60,000 yearly for 10 years. Total payment in 10 years is P600,000.
“What if I die too young”? Problem
- In case of death (any time as long as the policy is in-forced), beneficiaries will get P2 Million.
- In case death is caused by accident, beneficiaries will receive a total of P3Million (additional 1Million)
- In case of total disablement while paying, payment is waived during that period
“What if I live too long”? Problem
- If for example, I want to retire at age 50 (20 years after), the total fund value that I can withdraw can range from P1.39 Million (8%) to P1.86 Million (10%) or even more
- Or, in case I want to delay my retirement to age 65 (35 years after), the total fund value that I can withdraw can range from P4.19 Million (8%) to P7.54 Million (10%) or even more.
Of course, you want bigger retirement plan, you simply need to increase your monthly investments. Maybe you can afford to invest P10,000 a month or P15,000 a month? If you can, then more likely, your insurance coverage and retirement fund can also increase in value.
Win win solution di ba? Walang sayang, walang tapon...
Why is Sun Maxilink Prime the Best Selling VUL of Sun Life?
Because of it’s features between the balance of dying too young (insurance coverage) and living too long (retirement benefit). No other plans in the market have its unique features of such balance. Other products might be maximizing on the insurance with little investment component or might maximize the investment component but sacrificing the insurance coverage.
I personally tried comparing Sun Maxilink Prime with other Sun Life insurance products as well as other companies VUL products and so far, I can say that this is the best value for money insurance plan.
Get a FREE Sun Maxilink Prime Quotation NOW!Interested? Request a FREE proposal now! But before you request for a proposal, you should know first How Much Life Insurance You Really Need –
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Here are some basic formula suggested by most Financial Planners / Advisor to check if you’re life insurance policies are more than enough or still short.
Your Insurance Coverage should be around 5 to 10 times your Annual Income. 5x is good, 10x is great. Philosophy behind is that, when the breadwinner passed away, the beneficiaries (family) can have the same lifestyle for 5-10 years.
Your Insurance Coverage should be 100x your monthly Income Reason behind is that, when the breadwinner passed away, the family can have the same lifestyle for 100 months (around 8 years)
Your Insurance Coverage should be monthly income x 60 + 1Million (for every child) + 20% of your Net Worth + Miscellaneous expenses. -
Or in case you’d like to set an appointment, all you need to do is send me a text or call at 0917 585 06 00