LIVE SMARTER WITH SUN LIFE’S NEWEST PRODUCT CAMPAIGN

July 12, 2017



All of us are working hard not just to provide a good life for our family and ourselves. We do this because we also want to leave something for our loved ones when the most inevitable moment of our lives happens—our passing. And as we plan for our properties, investments and estates to be passed on to the ones that we are going to leave behind, we also have to make sure that they would be able to enjoy each of our pamana fully and without hassle.



Mylene Daez-Lopa, Chief Marketing Officer,
Sun Life Financial - Philippines

And so I am so glad that I became a part of Sun Life’s press conference held last Saturday, as the company launches its newest campaign, SUN Smarter Life. Sun Life understands the burden of estate taxes that comes with all of the properties we're leaving behind after we’re gone. And mind you—IT IS NOT CHEAP.

Here’s the sample computation of how much your loved ones are going to pay for taxes.

Effective January 1, 1998 up to Present
If the Net Estate is

Over
But not Over
The Tax Shall be
Plus
Of the Excess Over

P 200,000.00
Exempt


P 200,000.00
500,000.00
0
5 %
P 200,000.00
500,000.00
2,000,000.00
P 15,000.00
8 %
500,000.00
2,000,000.00
5,000,000.00
135,000.00
11 %
2,000,000.00
5,000,000.00
10,000,000.00
465,000.00
15 %
5,000,000.00
10,000,000.00

1,215,000.00
20 %
10,000,000.00

*Check out BIR Official Website for more information.

This is why estate planning should be done.

So what is Estate Planning?

Estate planning is for anyone who wants to make sure that their families and loved ones are provided foe adequately. This is essential for those who wish to control the disposition of their assets after their death, and to settle the taxes imposed by the government on the estate.

Ms. Jenny Del Mundo, Sun Life's head distribution support talks about
the importance of estate planning.

But with SUN Smarter Life, the hassle of coming up with the payment for this humongous amount of tax can be avoided.

SUN Smarter Life is a protection product that provides double life insurance coverage until age 100, while the insured lives, thereby ensuring a financially secure future for the family no matter what happens. Should the insured pass away, the insurance proceeds from SUN Smarter Life can be used by beneficiaries to settle estate taxes.

On top of this, the product provides living benefits in the unfortunate event of terminal illness or emergencies. Supplementary benefits that provide additional protection against contingencies such as accidents, disability and illness may be added to the plan for a minimal amount.

Ms. Charo Santos-Concio, one of the Sun Life's brand ambassadors
talks about how important it is for her to take care of her pamana to her
grandchildren. "SUN Smarter Life makes wealth preservation easy. It
also gives me peace of mind knowing that when my time comes, my assets will
efficiently be transferred to my family," she says.

During the Q&A session, my question led the speakers to talk about the
suicide clause.
OMG!

Are you interested in signing up for this plan? Check out Sun Life website or talk to your Sun Life financial adviser today.

Spread the word!

xoxo,
Beth G. ♥

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