Yesterday, Kams and I supported a fun trick-or-treat event in Cainta, Rizal. We talked to parents and families, and we noticed a theme: millennial parents are proactive in securing their child's future, even on Halloween. If their dedication to their child's future can be measured based on how the kids' Halloween costume ideas came to life, these parents are on top of their game!
Millennial parents dream of prosperity, security, and happiness. Their financial journey is complex and full of surprises. Throughout their journey, a good financial advisor plays a pivotal role as a Partner for Life, guiding them toward financial security.
A Partner for Life
Millennial couples (and families) often start their journey to become financially stable. They get jobs and start dreaming of owning homes and living comfortably. Many millennial individuals meet their life insurance advisor, their Partner for Life, during these formative years.
I've been privileged to be a part of many millennial’s financial journeys over the years. Many of my clients started exploring insurance with me when we were just starting our careers, full of ambition and eagerness. We've grown together as our careers have progressed. I've become their trusted life insurance financial advisor, providing guidance and support through different life stages.
It's heartwarming to see how this partnership continues to thrive as these individuals get married and start families. It's not just about helping them secure their future; it's about helping them build a financial foundation for their growing families. I've seen firsthand how the dream of a comfortable and secure future blossoms into the joy of becoming a parent. Now we got to celebrate with some owners of life insurance Cainta Rizal in their Trick or Treat event with their kid!
My clients trust me as I become not only their financial advisor but also their Partner for Life. It's a bond that goes beyond the transactional nature of life insurance Philippines; it's a commitment to delivering good service.
The Preferred Choice: Sun Smarter Life Elite
When it comes to life insurance for millennial families, one name often stands out as the preferred choice of life insurance for babies: Sun Smarter Life Elite. This insurance plan is tailored to meet the unique needs and aspirations of anyone who chooses it, offering a blend of financial security and long-term savings. Let's delve into why Sun Smarter Life Elite is also a go-to option for people looking for life insurance Philippines.
Financial Protection: Sun Smarter Life Elite provides a substantial sum assured, ensuring that in case of the death of the insured, the family is well-protected financially.
Guaranteed Endowment Benefit: By the end of the 6th year, the owner can already enjoy 8 percent of their plan’s face amount. They will continue to receive it every 2 years until the insured is alive (maximum until age 100!)
Living Benefits: You can enjoy guaranteed cash values that you can use during emergencies. Additionally, you have the opportunity to earn dividends*, which can be received in cash or left with Sun Life to accumulate over time. In the unfortunate event of a terminal illness diagnosis, a portion of your Face Amount may also be availed, offering crucial financial support during challenging times.
Premium Waiver Benefit: If the policy owner (parent) faces total and permanent disability or death, the future premiums are waived, and the policy continues to provide coverage for the child (insured). This is an optional rider which many parents also add to the plan.
Flexible Payment Options: The plan offers flexibility in payment terms, allowing you to choose the premium payment mode that aligns with your financial capabilities. Choose from 5-year, 10-year, or lifetime-to-pay options.
Exploring Alternatives: Sun Legacy 2 and Sun Legacy 5
While Sun Smarter Life Elite is a popular life insurance for kids, it's essential to explore alternatives to find the perfect fit for your family's unique needs. Enter Sun Legacy 2 and Sun Legacy 5, one of the newest insurance plans designed to provide lifetime security and financial peace of mind, too!
Sun Legacy 2 and Sun Legacy 5: Your Path to Lifetime Security (Life Insurance with Annual Payout)
These plans offer lifetime insurance coverage, securing your loved ones' future with guaranteed life insurance protection equal to 125% of your total premiums paid. This coverage extends to age 100.
Annual Payout: What sets these plans apart are the annual payout. By the end of the premium payment, you'll receive a guaranteed payout equal to 2.15% (Sun Legacy 2) or 2.25% (Sun Legacy 5) of the total premiums paid. This consistent cash flow can be invaluable for various financial needs and aspirations, whether it's your child's education, a comfortable retirement, or any other life milestone.
Living Benefits: Sun Legacy plans don't just provide security; they offer this flexibility too.
Short-term Payment Options: You can choose to pay in full or opt for the convenience of shorter payment terms, with options to pay in just 2 or 5 easy annual installments. Now, securing your family's future fits seamlessly into your financial plan.
How much is Sun Life's Sun Smarter Life Elite and Sun Legacy?
Price depends on age and gender of the insured. Please send me a message to get an exact quote from our free coaching!
Why Prioritize Life Insurance for Kids and Parents in Family Planning
Now, you might be wondering why life insurance takes center stage in the process of family planning, especially for millennial families. Don't worry; we’ve gathered some of the answers from the parents we talked to yesterday!
Financial security: Life insurance can help protect your family's financial future in case of the unexpected. It's like a magic spell that casts a protective shield around your loved ones, keeping them safe from financial hardship. Life insurance can provide a financial safety net for your spouse and children if you're no longer around to provide for them.
Long-term savings: Some life insurance plans, like Sun Smarter Life Elite and Sun Legacy, can also be used as a long-term savings tool. This means that you can save for your children's education, retirement, or other financial goals. It's like a trick-or-treat bag that's full of financial goodies!
Flexible planning: Life insurance plans can be customized to fit your specific needs and budget.
Legacy building: Life insurance can help you build a legacy for your family.
Ensuring dreams come true: With the right life insurance plan, you can help many families achieve their dreams, like giving their children the best education or traveling the world. It's like a fairy godmother's wand that can make dreams come true.
So, if you're a millennial parent, don't be afraid of life insurance! It's one of the best things you can do for your family.
Disclaimer: This article is for informational purposes only. For more detailed and personalized information, set a free coaching with Coach Kamille Olivar or with me at https://calendly.com/cs30/f21.
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