Leading insurer Sun Life of Canada (Philippines) Inc. has rolled out a new insurance product specifically designed for older people or those who are in the pre-retirement or retirement stage.
While the conventional wisdom is to acquire an insurance plan at a younger age, Sun Life said that those who are about to enter the retirement stage still have every reason – if not even more – to acquire an insurance plan so they can cover the high cost of medical expenses and protect the retirement savings that they spent so many years working for.
Sun Life thus unveiled SUN Senior Care, a health insurance product specifically designed to address the evolving life and health protection needs of people who are entering their senior years. In the Philippines, the typical retirement age is 60.
“At Sun Life, we believe that it’s never too late to be physically and financially healthy. We’d like to help Filipinos enjoy a worry-free retirement so they can continue enjoying life. That’s exactly what SUN Senior Care is for,” Sun Life chief marketing officer Mylene Lopa said in a press statement.
A comprehensive life and health protection product, SUN Senior Care covers a person’s different health protection needs, from prevention, diagnosis, treatment, and rehabilitation. One can proactively protect his health as this client gains access to Sun Life’s wellness program, which offers preventive care services, health perks, and special privileges.
Meanwhile, coverage is provided during critical periods, where SUN Senior Care offers a significant financial benefit equal to 150 percent of the face amount of the plan in case the client is diagnosed with any of the covered advanced-age critical illness conditions. But if the client stays healthy and well, SUN Senior Care ensures the same amount of benefit, thereby protecting the future of the client’s loved ones.
Sun Life also recognizes that clients may experience the most common surgeries/conditions in this particular life stage, such as glaucoma surgery and severe osteoporosis. With SUN Senior Care, clients are guaranteed with an additional one-time special benefit to help ease the financial burden that may have been caused by any one of such surgeries/conditions.
This product is available in easy payment terms: three, five, or 10 annual installments with a fixed amount throughout the chosen period. Semi-annual, quarterly, or monthly modes of payment are also available.
“Retirement should be an opportunity for one to enjoy the fruits of his labor. This is possible if they are healthy, well, and worry-free,” Lopa said. “SUN Senior Care will help make this a reality by giving them the best care for their best years!” /cbb