Sun Life offers new maturity options for MyFuture Fund

Czeriza Valencia (The Philippine Star) - April 25, 2021 - 12:00am

MANILA, Philippines — Sun Life of Canada (Philippines) Inc. announced that it is launching three new maturity date options for its MyFuture Fund investment solution. 

This target-date fund follows a predetermined glide path designed to provide medium to long-term capital appreciation in the early years of investment, shifting to wealth preservation as the fund’s maturity date nears. 

During the early years of the fund, asset allocation is tilted toward high-quality equities to provide greater opportunity for asset appreciation. 

The strategy later shifts to more fixed income allocation to minimize the exposure to risk as the maturity date nears, thereby preserving the wealth accumulated. 

MyFuture Fund will now carry 2045, 2050, and 2055 maturity date options.

“We were inspired by the success of MyFuture Fund 2020 which culminated on a high note last year. With the three new variants, we hope to cater to more clients and a wider variety of needs,” said Sun Life Philippines chief marketing and client experience officer Gilbert Simpao. 

“The funds use a strategy that maximizes the earning potential of our clients’ investments while also shielding them from possible volatilities in the financial markets,” he said.

Following the launch of the three new maturity date options, clients may now choose from a total of six options for MyFuture Fund. 

The three others are 2030, 2035, and 2040. 

MyFuture Fund can only be availed for the following Sun Life investment-linked insurance products: Sun MaxiLink One, Sun FlexiLink1, Sun MaxiLink Prime, Sun MaxiLink Bright, Sun MaxiLink 100 and Sun FlexiLink.

The firm also announced that despite the pandemic-induced lockdowns, it was able to pay out a total of P4.7 billion in claims and maturities last year. 

This comprised individual death and living benefits, group benefits, and maturities in life insurance and pre-need.

“Sun Life delivering on its obligations even amid the challenges of the pandemic last year is the ultimate testament of our commitment in helping clients achieve a brighter life,” said Sun Life Philippines CEO and country head Benedict Sison. 

“But more than the obligation, this demonstrates the company’s resilience in the face of adversity and its ability to be there for clients especially at a time when they need us the most,” he said.

When the lockdown was announced in early 2020, the company launched a digitally-enabled process that allowed clients to get professional financial advice from a Sun Life advisor and avail life insurance products from the comfort of their homes.

 The Sun Life Group of Companies also launched the Remote Online Medical Exam (ROME) facility for clients applying for an insurance policy or a reinstatement. The initiative was a first of its kind in the local life insurance industry.

The firm said its advisors  have also been upskilling through virtual seminars and programs to keep abreast of developments in the continuously evolving financial landscape so they may serve their clients better.

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