A thorough evaluation of Sun Maxilink Prime will be shared today. It is one of Sun Life’s most popular life insurance and investment plans. It might not be enough to persuade you, though. What follows is a self-question: “Is this the best plan for me?”
Hence, here are some of the reasons why it is the best plan for you.
1. Financial Security
The primary advantage of Sun Maxilink Prime is, first and foremost, life insurance. Financial stability is provided, enabling your family to carry out the plans you have made together even after you are gone.
It acts as payment or an expression of appreciation to their parents for raising them, especially for millennials and non-breadwinners.
“Para ‘to sa parents ko,” one client who was an engineer stated. “Naisip ko kasi paano kung mawala ako kaagad, eh ‘di pa naman ganon kalaki ang ipon ko,” he said.
It is a safety net for breadwinners.
Another client, a pharmacist is asked, “Sir, bakit niyo po biglang naisipan kumuha ng life insurance?” His words were, “Yung pinsan ko kasi, namatay kailan lang. The number of children who are covered by life insurance may nakuhang pera. Life insurance is very essential to me since it allows me to provide for my children.”
2. Increasing the Extent of Life Insurance Coverage
Sun Maxilink Prime offers rising life insurance coverage in contrast to other VUL plans. The fact that your beneficiaries can receive the accumulated fund value in addition to the essential life insurance coverage makes it feasible.
“Last week, meron nag present sa akin na whichever is larger daw yung makukuha between life insurance and fund value,” said one client, a teacher. “Ayos pala yung plan na ‘to kasi parehas makukuha—walang sayang,” she added.
Assume that you have Php 1M in life insurance, but your investment is only Php 900k at the time of your passing. Your beneficiaries would only get Php 1M under other arrangements.
They will, however, earn Php1.9 million from Sun Maxilink Prime.
It is a substantial gap.
3. An Expanding Investment Fund
As a mutual fund, Sun Maxilink Prime offers you a wide range of investing opportunities. From 4% to 10% p.a. in interest rates are possible for you. Something you often won’t find in a bank. It’s probably one of the motives for many people to get life insurance plans. Life insurance used to primarily focus on death benefits, which only answered the issue, “What would happen to my family if I die young?”
In contrast, Sun Maxilink Prime provides a response to the scenarios of “What if I die too early” and “What if I live too long,” so if you live too long, you will benefit from your investment.
4. Professionally Managed Investments
Your investments in Sun Maxilink Prime will be managed by a qualified fund manager. These fund managers have a combined experience of 10, 15, 20, or even more years. Hence providing you peace of mind that someone is taking good care of your hard-earned money.
“Ano yung nagustuhan mo sa Sun Maxilink Prime?” we enquired of another client, an accountant.” She said, “Gusto ko na professionally managed siya. Sobrang busy at work, and I’ve been promoting myself lately. I didn’t have the opportunity to go over my investments until after 11 p.m.”
5. Flexible Payment Plan
You may set up an auto-debit arrangement to pay it annually, semi-annually, quarterly, or monthly. As a result, you may make the most flexible decision for yourself. Sun Maxilink Prime may be paid for at least ten (10) years with no partial withdrawals.
You have two options for increasing your investing fund.
- Pay more than what is required. As a result, if you have a Php50k yearly plan, you may pay Php60k. The extra $10,000 will be added to your investment fund immediately.
- Pay for more than ten (10) years. You have the option to keep paying for your plan, as many people do. Also, any payments made after ten (10) years go toward your investment fund.
Keep in mind that the larger your capital, the more interest you may earn.
6. A Test for Commitment
You are already aware that Sun Maxilink Prime requires a minimum of ten years to pay. Ten (10) years is a considerable amount of time.
It will not yield fruit overnight, just like a tree. Hence, when you use this plan, commitment and resilience are necessary.
7. Adaptive to Needs
Depending on your financial needs and requirements, it may be adjusted to fit. You may modify your plan to include other benefits like ADB, ADDD, CIB, and HIB. Nevertheless, keep in mind that after ten (10) years, CIB and HIB are paid continually.
8. A Sense of Accomplishment
If I were to ask you, “When do you usually feel content?” Most often, it happens when you complete a task or perhaps a plan. You could believe that you have accomplished something. You will have the same emotion with this plan, I can assure you of that. It will offer you a sense of fulfillment after ten (10) years since you will have helped yourself and your family.
9. Forced Saving Mechanism
The majority of millennials, and even young adults, have trouble saving money. It’s challenging to decide whether to spend money on clothing, shoes, electronics, etc. or to save money.
Because you must pay Sun Maxilink Prime on time, it is simple for you to save money. These must be paid on time, much like utility bills, or the service will be cut off. It is not something you want to happen with your insurance coverage.
“Ma’am, bakit mo nagustuhan yung Sun Maxilink Prime?” we enquired of another client, HR manager.”Gusto ko yung notion na parang electricity bill lang siya, mapipilitan ka talaga mag-ipon,” she said.
10. Create Good Financial Habits
Most significantly, because you are setting money aside for the future, Sun Maxilink Prime may assist you in forming wise financial practices. We are aware that you deserve those extra pairs of shoes, outfits, bags, and even a few trips. Maybe buying only two new pairs of shoes rather than three won’t hurt?
Our point is that you don’t have to give up all of your creature comforts—just a little. Life is too short to live so terribly short of what you are right to.
You will feel better knowing that your family’s future is secured with that simple sacrifice.