Sun Life Ph launches guaranteed income plan with 4.5% annual payout

Sun Life Wealth Prosper 7 returns 100% of the principal after seven years.

Sun Life of Canada (Philippines), Inc. has introduced Sun Life Wealth Prosper 7, a limited-offer life insurance product with seven-year coverage and a guaranteed annual payout of 4.50% of the one-time premium payment.

At the end of the term, clients receive 100% of their initial premium back.

The plan is positioned for clients seeking to combine life insurance protection with predictable income.

Sun Life Philippines paid more than $84m in insurance claims in 2025, including payouts from its bancassurance arm Sun Life Grepa Financial Inc., with policy maturities adding a further $50.7m in customer payouts during the year.