As a new wave of college graduates prepares to enter the workforce, it is crucial to ensure they start building their financial portfolios on a solid foundation. Sun Life recognizes this need and is committed to promoting its digital life insurance products through GCash, the leading mobile wallet in the country.
The Importance of Insurance for Young Adults
Many young individuals overlook the significance of insurance when starting their financial journey. However, Sun Life emphasizes the benefits of securing insurance products at a young age. Not only does it help foster smart financial habits, but it also enables individuals to stay on track with their financial goals. Alex Narciso, President of Sun Life of Canada (Philippines), Inc., explains, “Our tie-up with GCash contributes to this goal because together, we can offer insurance that’s both affordable and accessible.”
Sun Life and GCash Collaboration
Through the partnership between Sun Life and GCash, first-time insurance buyers can experience the advantages of being insured without the burden of high premium costs. Sun Life’s “Digital, Easy, Affordable, Life insurance” (D.E.A.L.) products are available through GCash’s GLife and GInsure platforms.
Sun Life’s D.E.A.L. Insurance Products
The D.E.A.L. insurance products provided by Sun Life cater to different needs and include the following:
Life Armor. This life insurance product offers coverage to protect individuals and their loved ones in the event of unexpected circumstances.
Personal Accident Armor. Designed to provide financial support in the case of accidents, this insurance product ensures individuals have coverage for personal accidents and related expenses.
Byahero Protect. Aimed at travelers, this insurance product offers personal accident coverage along with hospital income benefits and burial benefits for accidents that occur during land travel.
Empowering the Younger Generation
Sun Life’s D.E.A.L. aims to help the younger generation invest in their financial preparedness for the future. The company firmly believes that the financial security of young individuals serves as a strong foundation for nation building among the Filipino people.
Sun Life Philippines (Sun Life), the country’s leading life insurance company for 12 consecutive years, has renewed its strategic partnership with Smart Communications, Inc. (Smart). The aim of this partnership is to enhance financial literacy among cooperatives affiliated with Smart.
Expanding the Program’s Coverage
The renewed partnership between Sun Life and Smart will broaden the program’s reach by conducting financial literacy trainings for cooperatives in various locations, including Benguet, Bulacan, Cavite, Cebu, Davao, Iloilo, and Metro Manila throughout the year. This expansion seeks to empower more cooperative members by providing them with essential knowledge about finance and its relevance to their industry.
Building on Previous Success
Sun Life and Smart are committed to surpassing the achievements of the program in 2022. Last year, the initiative successfully engaged and educated nearly 500 cooperative members on finance fundamentals. The partners aim to build on this momentum and continue empowering Filipinos to pursue their financial goals.
Advocating Financial Literacy
Sun Life has always been a strong advocate of financial literacy, recognizing its crucial role in leading individuals to a brighter life. With the renewal of the partnership with Smart, Sun Life President Alex Narciso believes they can further elevate their efforts and empower more Filipinos to achieve financial independence.
“Sun Life has always been a staunch advocate of financial literacy as we believe it plays a key role in achieving a brighter life. We are always looking for ways to elevate our efforts and help empower even more Filipinos to pursue their financial goals. I believe the renewal of our tie-up with Smart can help us do that,” Sun Life President Alex Narciso said.
Empowering Cooperatives through Financial Literacy
Cooperatives play a vital role in their respective communities and contribute significantly to the country’s economy. Recognizing their importance, Smart is committed to empowering these cooperatives through financial literacy and digitalization. By renewing its partnership with Sun Life, Smart reaffirms its commitment to supporting its partner cooperatives and providing them with relevant solutions.
“Given the key role that cooperatives play in their respective communities and in our country’s economy as a whole, it is important to empower them through financial literacy and digitalization. Through the renewal of this partnership with Sun Life, we are doubling down on our commitment to support our partner cooperatives and help provide them with relevant solutions,” FVP and Group Head of Smart Go-To Market and Subscriber Management Melvin Nubla said.
Joining Forces for Financial Empowerment
The collaboration between Sun Life and Smart represents a collective effort to promote financial literacy and empower Filipinos in their journey toward financial independence. As part of this endeavor, Sun Life encourages individuals to stay updated on the program and other initiatives by following @SunLifePH on social media platforms such as Facebook, Twitter, Instagram, and TikTok. To learn more about Sun Life and its products, visit its website at www.sunlife.com.ph.
In recent years, there has been a growing awareness of the importance of good health. As people have become more health-conscious, they have begun to recognize that taking care of their bodies can have a significant impact on their overall well-being. Along with this increased focus on health has come a greater understanding of the ways in which our health can impact other areas of our lives, including our personal finances.
Studies have shown that there is a strong link between good health and financial stability. For example, individuals who suffer from chronic illnesses may face high medical bills and a reduced ability to work, which can impact their income and savings. On the other hand, those who prioritize their health may be more productive at work, have lower healthcare costs, and enjoy a better quality of life overall.
Given the importance of good health to our financial well-being, it’s no surprise that many people are seeking ways to improve their health and wellness. From adopting healthier eating habits to incorporating regular exercise into their routines, individuals are taking steps to protect their health and their finances.
Let’s explore some of the ways in which your health can impact your personal finances, and reasons to stay healthy in order to maintain financial stability.
One of the most obvious ways in which your health can impact your personal finances is through medical expenses. If you have a chronic illness or injury, you may have to spend a lot of money on medications, doctor visits, and other healthcare-related costs. Even if you’re generally healthy, unexpected medical emergencies can quickly add up, leading to a significant financial burden.
If you become ill or injured and are unable to work, you may lose income, which can impact your ability to pay bills and save money. This is especially true if you don’t have paid sick leave or disability insurance through your employer. Even a short period of lost income can be difficult to manage, so it’s important to have a financial plan in place in case of illness or injury.
Your health can also impact your productivity at work, which can have a direct impact on your income. If you’re frequently sick or fatigued, you may not be able to perform at your best, which could lead to missed opportunities for promotions, raises, or bonuses.
The lifestyle choices you make can also impact your personal finances. If you eat a healthy diet, exercise regularly, and get enough sleep, you may be less likely to develop chronic illnesses that can lead to expensive medical bills. On the other hand, if you smoke, drink excessively, or engage in other risky behaviors, you may be more likely to experience health problems that can impact your finances.
Finally, your health can impact your ability to plan for the future. If you have a chronic illness, you may need to save more aggressively for retirement or plan for the possibility of long-term care. Additionally, if you’re in poor health, you may not be able to work as long as you had planned, which could impact your retirement savings.
It’s clear that your health and personal finances are closely intertwined. By taking care of your health and planning for the unexpected, you can ensure that you’re in the best position possible to manage your finances and achieve your financial goals.
Recently, Sun Life held a series of Sun Talks, the first of which dwelt on “Unlocking Your Health Goals.” This talk was designed to help attendees understand the importance of good health, and to offer practical advice on how to improve their physical and mental well-being.
One of the key takeaways from the Sun Talks was the importance of balancing mental, physical and social well-being in order to maintain financial health. Sun Life’s Affinity Partnership Manager Health & Accident Team Francesca Tolentino and Financial Advisor/Sales Manager Garett Maralit shared their personal experiences and financial health journeys to drive home important points and provide inspiration to their audience.
Another key theme of the Sun Talks was the importance of self-care. Many of us lead busy, stressful lives, and it can be difficult to find time for ourselves. However, taking care of ourselves is essential for our overall health and well-being. Getting enough sleep, taking time to relax and unwind to spending time with family and friends can help us stay physically and mentally healthy.
The Sun Talks also addressed the importance of financial planning for health-related expenses. Good health is closely linked to financial stability. By planning ahead for medical expenses and saving for unexpected health-related costs, individuals can protect themselves and their families from financial hardship in the event of illness or injury.
With the varying health needs and budgets of Filipinos in mind, Sun Life offers healthcare and life insurance packages to help you better cope with life’s emergencies:
SUN Fit & Well. Offers critical illness and life insurance benefits until age 100 with bonus disease prevention programs.
SUN Senior Care. Addresses the evolving life and health protection needs of seniors.
SUN Cancer Care. Enables you to live a healthier life and helps you to be financially prepared so you can be in control should cancer strike.
SUN LifeAssure. Provides protection benefit against any of the covered critical illness conditions.
SUN Healthier Life. Provides protection benefits to help you get through any stage of a critical illness.
SUN First Aid. Provides cash benefits so you can worry less about costly medical bills due to hospital confinement or surgery.
SUN Maiden and SUN Maiden Plus. Provide life insurance coverage to secure your loved ones future against life uncertainties and health protection benefits that can help cushion the financial impact caused by any of the covered female-specific illnesses and surgeries.
SUN ICU Protect. Enables you to live a healthier life as well as ensures your financial health is well-taken care of should any life-threatening conditions happen.
The Sun Talks on “Unlocking Your Health Goals” offered valuable insights and practical advice for individuals looking to improve their health and well-being. By taking small, achievable steps towards our health goals, practicing self-care, and planning ahead for health-related expenses, we can ensure that we’re taking care of both our bodies and our finances.
In line with its commitment to help Filipinos live healthier lives, Sun Life also launched GoWell Studio, an on-demand holistic wellness platform which houses top-notch content such as follow-along exercise programs, guided meditation sessions, various masterclasses, short courses, and healthcare awareness and education.
It also holds various health and wellness symposia in partnership with healthcare and pharmaceutical companies, as well as sports events, to spread information on the importance of health.
Those who wish to know more about Sun Life’s health and accident insurance products are encouraged to consult a Sun Life advisor or visit sunlife.com.ph.
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2022, Sun Life had total assets under management of CAD 1.33 trillion. For more information, please visit http://www.sunlife.com.
Sun Life of Canada (Philippines), Inc. (Sun Life) once again flexes its dominance in the Philippine life insurance industry by ranking No. 1 in both the Total Premium Income and New Business categories.
According to a report posted by the Insurance Commission (IC) on its website, Sun Life landed on the top spot in terms of Total Premium Income, with earnings reaching more than 52.6 billion as of December 31, 2022. The top position for this category has been held by the company for 12 straight years, proving the stability and solid strength of the organization.
In parallel results, Sun Life also led in the New Business category by generating more than 9.7 billion worth of new business, eclipsing the figures of the nearest contender within the same period.
“More than anything, being No. 1 reflects the confidence of our clients who have chosen Sun Life to be their partner in securing their future. We thank them for the privilege,” says Sun Life President Alex Narciso. “Rest assured that we will continue to strive to be worthy of their trust.”
Meanwhile, Sun Life CEO and Country Head Benedict Sison lauded the company’s advisors and employees. “This accomplishment is the result of everyone’s concerted efforts, as we strive to bring our clients a delightful experience throughout their financial journey. This affirms that anchoring ourselves on our clients and our purpose to help them achieve lifetime financial security and live healthier lives will always lead us to great results, and we are inspired to do more,” he said.
Now on its 128th year, Sun Life pioneered life insurance in the Philippines and remains to be the longest-standing insurer in the country. The news about its No. 1 ranking comes on the heels of the announcement by the Trusted Brand Awards that Sun Life has once again earned the Platinum Award in both the Insurance and Investment Fund Company categories for 13 years in a row.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore,
Vietnam, Malaysia and Bermuda. As of December 31, 2022, Sun Life had total assets under management of CAD 1.33 trillion. For more information, please visit http://www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Details and images provided in a recent press release.
We’re halfway through the first month of the year and if you haven’t gotten around to making good on your New Year’s resolutions to live healthy, here’s a good place to start.
GoWell Studio is an on-demand holistic wellness platform launched by Sun Life Philippines as part of its commitment to help Filipinos live healthier lives.
In this site, you can find top-notch content such as follow-along exercise programs, guided meditation sessions, various masterclasses, short courses, and healthcare awareness and education. These will be led by some of the country’s leading fitness coaches, doctors, allied health professionals, and educators.
Got a question for a specialist? Using the platform, you can look up from a directory various experts from whom you can seek personalized health and wellness advice. The line-up includes Ginastica Natural Philippines Founder Mark Cupino; Bukodon, Yin and Vinyasa Yoga Instructor Anna Manalastas; Myotherapist and Traditional Chinese Medicine Practitioner Filbert Tan; Pilates Coach and Animal Flow Instructor Trisha Buhat; Founder of Awake.ph and Modern-day Kriya Yogi Neil Salang; Sound Healer Coach Yeyette San Luis; World Kettlebell Club Strength and Conditioning Coach Tim Ayson; Alab Pilipinas, UP men’s basketball, and Petrogazz Angels Volleyball team’s Strength and Conditioning Coach Chappy Callanta; and Sports Performance Specialist and F45 Functional Strength Coach Andro Amador, among others.
Access to the GoWell Studio may be enjoyed exclusively by Sun Fit and Well, Sun Senior Care, and Sun Cancer Care policyholders simply by registering in the GoWell website (gowell.com.ph).
“We take pride in GoWell Studio’s team of highly credible experts and carefully curated content, all of which a member can access in the comforts of his own home,” Sun Life Chief Marketing and Client Experience Officer Gilbert Simpao said. “Taking care of ourselves remains crucial now that we are still in the middle of the pandemic. We invite everyone to become members of GoWell, Sun Life’s community that promotes holistic wellness through a fit and active lifestyle, healthy eating, and living a healthier life.”
Those who wish to know more about Sun Life’s health and accident insurance products are encouraged to consult a Sun Life advisor or visit sunlife.com.ph. For more about Sun Life’s health and wellness initiatives, visit gowell.com.ph and follow @SunLifePH and @GoWellPH on Facebook, Twitter, and Instagram.