Sun Life unveils budget-friendly insurance and savings plan for workers

Sun Life Philippines has introduced Sun Life Save and Protect, a new life insurance and savings product designed to meet the financial needs of Filipino employees and professionals, particularly those managing tight budgets.

The product launch comes in response to evolving priorities across different generations. According to a study conducted by Sun Life, Gen Zs and younger millennials are focused on building multiple income streams to achieve their life goals, while older millennials and Gen Xers are preparing for retirement and their children’s education. Despite their interest in insurance, many cite affordability as a barrier.

To bridge this gap, Sun Life Save and Protect offers life insurance coverage of up to 20 times the annual premium, with monthly plans starting as low as P2,500.

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% 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,” said Sun Life Philippines Chief Client Experience and Marketing Officer Carla Gonzalez-Chong. “It offers a smart way to secure the future while also being prepared for uncertainties in the present.”

Depending on the chosen variant, the plan provides manageable payment options and allows access to guaranteed cash value through a policy loan for emergencies. A portion of the face amount may also be claimed in advance if the insured is diagnosed with a terminal illness.

“We’re proud of how this product truly considers the realities of Filipino employees and professionals, especially those who are still building their financial portfolio,” Gonzalez-Chong added. “While they grow their careers and work hard for the future, Sun Life Save and Protect will be here to help them chase their dreams.”

Filipinos interested in availing of a Sun Life Save and Protect plan may reach out to their Sun Life advisor or connect with one via www.sunlife.co/Talk-To-An-Advisor. For more information, visit www.sunlife.co/SaveandProtect.

*Benefit payable is based on Original Annual Premium. Original Annual Premium is the annual premium of the basic policy at policy effective date, excluding any rider premium, extra premium, and/or modal loadings.