Sun Life Grepa Financial

Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, and Global Reliance Management and Holdings Corporation (GRMHC) recently inked a strategic partnership agreement to offer personal accident insurance through Tambunting Pawnshop’s more than 400 branches nationwide.

With this strategic partnership, Tambunting clients can avail of the short-term personal accident insurance for only Php20.00. It provides up to P25,000 coverage to help lessen the financial burden of the beneficiaries in case of accidental death of the insured.

“It is a privilege to partner with a reliable institution like GRMHC which has been in the industry and trusted by Filipino families for over a century. We are happy to offer affordable personal accident insurance that can help provide an extra financial cushion for more Filipinos nationwide,” Sun Life Grepa Vice President and Head of Affinity Marketing Joen N. Songco said.

“We thank Sun Life Grepa for extending its service and product to us through the personal accident insurance. Through this tie-up, we hope to continue providing our members something relevant, valuable and affordable addressing needs that cover beyond lending,” Tambunting Pawnshop General Manager Helen Lucero said.

During the product launch, Sun Life Grepa was represented by Songco, who was joined by Affinity Marketing Operations Supervisor Mark Angelo M. Bautista. GRMHC, on the other hand, was led by Lucero, who was accompanied by GRMHC Business Development Department Coordinator Fatima Vergara.

Tambunting Pawnshop is one of the leading financial service providers in the Philippine Pawnshop industry under GRMHC while Sun Life Grepa is a joint venture between Sun Life Philippines and the Yuchengco Group of Companies.

About Sun Life Grepa

Sun Life Grepa Financial, Inc. or Sun Life Grepa is a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Philippines (Sun Life). Sun Life Grepa offers financial protection products through its agency, bancassurance, and group account channels. YGC is one of Southeast Asia’s largest conglomerates with over 90 companies, while Sun Life has been a top player in the Philippine market for over 120 years.

Despite COVID statistics and alert levels steadily going down, Filipinos remain focused on building their financial protection and securing their health.

A survey done by Sun Life Grepa Financial, Inc. (Sun Life Grepa), a joint venture between the Yuchengco Group of Companies and Sun Life Philippines, indicated that health protection continues to be one of the top priorities among the general public. From the findings, only two out of five rated COVID-19 as their major concern.

Conducted in the first quarter of 2022, the survey revealed that aside from health protection, they are highly concerned for the health and well-being of their loved ones and themselves. The desire to attain a secured source of income has also become a priority among Filipinos according to the survey. Four out of every five respondents said they want to earn extra money and grow it through investments.

“I am glad to know that staying healthy has been at the top of everyone’s to-do list,” Sun Life Grepa President Richard S. Lim said. “Everyone is seeking to bring their lives back to normal. Even after facing much uncertainty, people are not only building resilience against future pandemics but also improving their quality of life. So, we’re well-placed to support our clients’ life journey.”

While illnesses can strike anyone without a warning and can drain a family’s resources, there are ways to prepare for unexpected medical expenses and create a safety net during uncertain times. With this, here are some tips to plan ahead for rising health care costs.

Live an active lifestyle

Basic healthy habits are connected with living a longer life. It contributes significantly to prosperity and wealth. Living an active lifestyle is a simple way to minimize health care costs. Eating a balanced diet, getting enough sleep and exercising regularly lower risks for health problems.

Get a health protection plan

Based on the 2020 Philippine National Health Accounts, an annual publication by the Philippine Statistics Authority, out-of-pocket expenses remain to be Filipinos’ major source of financing for medical care that pushes Filipino households into poverty. The study revealed that household-out-of-pocket payment came second among sources of health financing in the country at 44.7%, following government health financing schemes. High medical expenditures have had a major impact on families, making various sacrifices in order to pay these bills including significant changes to their financial situation or lifestyle. That is why it is helpful to have more than just a basic understanding of the total cost of health expenses. Health protection plans that offer various terms and coverages such as life insurance protection and other living benefits like guaranteed cash and non-guaranteed dividends can be helpful in addressing health-related expenses.

Be financially secure

While health protection is top of mind, life insurance is of paramount importance. Life insurance also has long-term benefits that protects one family’s financial future. Life insurance and health solutions help clients achieve their financial goals and prepare for the unexpected.

A healthier life is a brighter life. Ease your worries and ensure you are financially prepared for health emergencies with Sun Life Grepa’s health solutions. For inquiries, contact your Sun Life Grepa Advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com.

To help married couples understand property relations between them and preserve their legacy in handing it down to the next generations, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurer in the country, recently organized a webinar entitled “Yours, Mine, Ours: What You Need to Know About Conjugal Properties and Inheritance”.

The webinar provided practical guide on addressing many concerns about conjugal properties including: possible and compulsory heirs including absence of prenuptial agreement, rules governing conjugal partnership of gains and debts and obligations contracted by both parties.

Estate planning expert and guest speaker Atty. Nicasio Cabaneiro, an authority in the practice of taxation and commercial law with 40 years of teaching experience, said “the moment a person got married not only marital relationship is established but also property relationship. When a person marries, part or all of their property becomes conjugal property.”

Atty. Nic also highlighted how properties are transmitted by succession. “Properties may be transferred to the heirs either by testamentary or testate succession (by executing a will) or intestate succession (no will or “do nothing attitude”). It is more prudent and advisable to go for testate succession where there is a free portion, giving property owner more flexibility to give more to favored heirs. This is not possible in intestate succession since succession is determined by law and there is no free portion.” He also discussed the reasons couples entered a prenuptial agreement. “Prenuptial agreements are entered when there is significant age disparity between parties, when there is wide difference in wealth or indebtedness, and when one party has been married before and there is a desire to protect children from former marriage.”

In closing, Atty. Nic stressed the importance of smartly handling one’s hard-earned assets by planning for the future. “With a proper estate plan, estate tax may be reduced or avoided, you control and determine the future of your financial accounts and investments and ensure that your assets will go to the rightful heirs and beneficiaries.”

“In our current situation, it is essential to protect our assets and investments. More than anything, one lesson we can get from this pandemic is the wisdom of preparing a good future for our family in whatever stage of life we are in right now. We believe that the information presented in the webinar will help clients in making the best decisions possible to protect their families and ensure a bright future for them,” Sun Life Grepa President Richard S. Lim said.

Sun Life Grepa regularly holds free educational webinars on various financial literacy matters throughout the year. Visit www.sunlifegrepa.com, follow our official facebook page @sunlifegrepa or email sunlifegrepa@sunlifegrepa.com for inquiries.

ABOUT SUN LIFE GREPA

Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major life insurers in the country, ties up with the Pampanga Chamber of Commerce and Industry, Inc. (PAMCHAM) as part of expanding its support for Micro, Small and Medium Enterprises (MSMEs) in the Pampanga and other Central Luzon areas for health protection and life insurance needs.

PAMCHAM is tagged as the “voice of business” in Pampanga that supports local businesses and MSMEs through networking, trade and investment development, IT services and other support programs. The chamber also supports wide-range of advocacies for business and community development, education and livelihood and rural development.

“Being part of the PAMCHAM makes it possible for Sun Life Grepa Healthcare to reach more people who can benefit from life insurance protection,” Sun Life Grepa Vice President Peter Miranda said.

“Through our collaboration with PAMCHAM and its MSME (Micro Small and Medium Enterprise) members, we were able to promote our advocacy of workplace health and protect over 2,000 employees. Most recently, we secured the medical insurance needs of PAMCHAM’s own employees under our HIPSTER product – a testament to how serious PAMCHAM is in taking care of not only its members but its employees as well,” Miranda added.

Meanwhile, Sun Life Grepa through its Group Healthcare unit offers MSMEs with three (3) Business Solutions – Accident ProSafe, Smart Care Plus and HIPSTER – that are tailor made to fit their employee benefit needs from wellness, protection and recovery. These are simple, affordable and comprehensive packaged products for MSMEs with 5-200 employees.

For inquiries about the MSME Business Solutions, contact your Sun Life Grepa advisor, visit any Sun Life Grepa branch or email groupsales@sunlifegrepa.com. You may also visit the official Sun Life Grepa Healthcare Facebook page at https://facebook.com/sunlifegrepahealthcare.

ABOUT SUN LIFE GREPA

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a joint venture between Sun Life Philippines and Yuchengco Group of Companies, generated a total premium income (TPI) of Php9.54 billion, a 48% increase from its Php6.46 billion TPI in 2020.

The company also grew its insurance claims and benefits by 79% at Php1.22 billion compared to Php681 million from the previous year. The COVID-related claims were estimated at around 37% of total claims in 2021. This is primarily driven by the relevance of insurance for financial security and protection of loved ones amidst the pandemic.

“We attribute this growth to our resiliency and our singular commitment to clients in their time of need,” Sun Life Grepa President Richard S. Lim said. “Amid the profound upheaval of 2021, Sun Life Grepa was able to create innovations that helped the company navigate pandemic challenges and continue business uninterrupted. This solutions-based approach has served us and our clients well,” Lim added.

Lim also noted that “the rising trend of insurance claims indicates a boost in consumer confidence in the life insurance industry. However, many Filipinos are still averse to applying for a life insurance plan. Based on the report by the Insurance Commission, only one out of five Filipinos who died due to COVID-19 have insurance coverage.”

“This year, we hope to encourage more people to avail of health protection and life insurance not only to protect themselves but also to secure their families.”

Among the life insurance companies, Sun Life Grepa ranked eighth in net worth at P4.6 billion, 11th in total assets at P51.1 billion and new business annual premium equivalent at P1.7 billion, and ninth in net income at P597.7 million based on quarterly reports submitted to the Insurance Commission.

“While uncertainties remain, I am optimistic that we will manage the future even better. Sun Life Grepa’s mission to help every Filipino achieve lifetime financial security and live healthier lives remains constant and unchanged. As the economy moves to full reopening in 2022, we will continue to have laser-sharp focus on achieving higher levels of productivity, efficiency and quality,” Lim added.

ABOUT SUN LIFE GREPA

Sun Life Grepa Financial, Inc.’s (Sun Life Grepa) is launching a new offshore fund called SLG Global Opportunity Payout Fund, to help clients diversify their US dollar assets and earn from potential annual payouts of the Fund.

SLG Global Opportunity Payout Fund is operating as a fund-of-funds that will invest primarily in a mix of well-diversified foreign currency-denominated, income-generating and capital-appreciating financial assets, allowing clients to expand their investment portfolio and take advantage of the global investment opportunities.

“We are always passionate about partnering with our clients to create relevant financial solutions,” Sun Life Grepa President Richard S. Lim said. “Our focus group discussions and surveys revealed that clients are looking for products that will give them regular income, and this new fund aims to provide regular annual payouts to our clients subject to the guidelines set by the company. Moreover, it provides clients greater means for global diversification,” Lim added.

Expertly managed by Sun Life Grepa’s professional fund managers, the SLG Global Opportunity Payout Fund is offered as a fund option exclusive to Sun Grepa Power Builder Dollar 1 which is single-pay investment linked life insurance product. It is best suited to individuals who have moderate to aggressive risk profile, and those who aim to accumulate wealth over time or wish to prepare for their retirement.

Generate income beyond borders today with SLG Global Opportunity Payout Fund. For more information, go to https://www.sunlifegrepa.com/home/fund-options/slg-global-opportunity-payout-fund/, contact your Sun Life Grepa advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com.

With the ongoing pandemic, professionals may find the line that separates work and personal life blurry. Heavy workloads and personal affairs are constantly intertwining. You simply cannot divide yourself when important family duties happen at the same time as virtual meetings with clients.

Additionally, thanks to digital transformation, almost all aspects of our lives are now integrated into an electronic device. One may simply suggest a work-life balance; striking an equal allotment of time and energy for personal and work life. However, this is not the case anymore. Consequently, the concept known as work-life blend works differently to prevent overworking. It allows a healthy allocation of energy, time, and focus for work and personal activities.

To combat work exhaustion, companies are coming up with new employee engagement models that blend work and life according to their employees’ lifestyles. Sun Life Grepa Financial Inc. (Sun Life Grepa), a major life insurance company in the country, provides initiatives that take into consideration personal priorities while still maintaining strong productivity at work.

Here are the benefits of work-life blending during the new normal:

More Flexibility, More Productivity

Being in a company that values work-life blending means you take a fluid approach to work. Going out to meet clients may involve time for a quick stop to the drug store for an emergency purchase, lunch breaks can progress into work research. Your skills and abilities are not maxed out but you feel motivated to be efficient because you get tasks done without compromising on the other.

Furthermore, an office that sets up engaging activities for interactions even online is sure to foster a positive workplace culture. Sun Life Grepa uses virtual salu-salo activities, regular wellness sessions and even hobby-related webinars to ensure that employees have time to enjoy and take their minds off of work.

More Emphasis on Self-Improvement

With a work-life blend, you have time to develop personal growth. It entails working without sacrificing quality and efficiently finishing your tasks for the day. This way, you get to find the energy needed to focus on other things that matter such as spending time with loved ones, keeping up with hobbies and even upskilling.

Organizations that encourage work-life blending will offer initiatives that improve employee well-being. Commonly available programs are webinar lectures and virtual training workshops like Sun Life Grepa’s Agile webinars, where employees learn new tools that they can apply not just to their work, but also to their day-to-day living.

Less Stress, More Happiness

Embracing work-life blending requires creating a unique workplace experience. When done successfully, it reduces stress and prevents burnout. Breaking out of a monotonous work schedule provides a mentally stimulating experience and encourages new ways of working. For example, Sun Life Grepa implemented a monthly wellness talk based on topics that their employees needed — ranging from building healthy habits, proper posture, healthy meal preparation, improving resiliency and the like. As part of their #fit2bFIT program, they also offered weekend exercise sessions that gave the whole family an opportunity to get fit together.

Work-life blending is structured to treat every employee like a human being rather than a resource. It encourages you to reap all the benefits of managing every aspect of your life holistically without the need to separate them into halves.

The best way to achieve a successful work-life blend is to be part of a company that fully supports the blend. Sun Life Grepa believes productivity and performance are crucial but overall well-being is supreme.

Join the Sun Life Grepa family by emailing SLGFI_careers@sunlifegrepa.com.

With the work-from-home setup being the new normal, advancing on a career has become a challenge. Job seekers, even employees, are constantly looking for ways to achieve success in their profession despite the COVID-19 pandemic, whether it’s attaining financial stability for their future or working on fulfilling their personal goals.

As soon as the pandemic hit in 2020, a recession ensued that left millions of jobless Filipinos. This resulted in people looking for ways to find success elsewhere. Now, the ongoing crisis still presents many struggles for those who want to succeed in their professional career. It will be challenging to realize your goals, but it is manageable given the right direction. Here’s how you can still achieve success even in the surge of a pandemic.

SET GOALS. As you spend more time at home, assess your situation and create a detailed plan of what you want to accomplish, including your priorities, and keep track of your progress. How do you establish professional habits and strategies to receive a certification, surpass a sales quota, or even reach more customers while at home? Being specific about your goals helps you organize your time and resources to make the most of your life.

INVEST IN GROWTH. Be amenable to expanding your horizons and invest in nurturing a hybrid skillset through hobbies and online learning. You can attend investment seminars, digital marketing courses, apply for volunteer work, or avail free training. As you expand your knowledge and self-worth, you become more invaluable.

AIM FOR HARMONY. Maintaining a good work-life blend is crucial when you work at home. Establish a harmonious relationship between advancement opportunities and promoting self-care. This involves being flexible when interacting with clients at any time of the day, accessing social media, and making time for hobbies.

SECURE YOUR SUCCESS. One thing that the pandemic has taught us is to be prepared for unexpected situations. It helps to develop a broad range of competencies (you love) that you can carry with you in case changes in your professional career occur. Similar to a life insurance advisor with business skills and a risk manager with creative design skills, many have sought other ways to make use of their experiences to secure new ways to earn.

Another way to ensure career success is to secure your finances to prepare you for emergencies. During these times of uncertainty, it is best to have the support that will assist you in your financial needs. The best companies offer financial security benefits to help you get the protection you need for yourself and your loved ones.

Sun Life Grepa Financial Inc. (Sun Life Grepa), a major life insurance company in the Philippines, offers valuable benefits to secure a life of success throughout your journey with the company and even after you leave.

Achieving success during a pandemic is possible when you have a clear outlook and the right people or an institution assisting you every step of the way. Sun Life Grepa provides opportunities for self-growth and development—letting you focus on turning your dreams into reality.

Set yourself up for success and become Partners Beyond A Lifetime.

Sun Life Grepa Financial, Inc. (Sun Life Grepa) recently made charitable donations to various groups to help with nationwide efforts to address the effects of the pandemic.

The company gave food donations to over a thousand medical frontliners in fourteen (14) hospitals across the country. Sun Life Grepa also donated to the Philippine Red Cross in its efforts to aid COVID-19 patients under its care.

The donations further bolster the recent assistance initiatives of the company, which include offering the Remote Online Medical Exam for clients; giving payment extension periods to clients; opening a 24/7 contact center for group business clients; and offering of a hospital benefit product to those in need of it.

“At Sun Life Grepa, we are aware that we are in a position to help not only our clients but also people in our community who are trying their best to deal with the pandemic,” says Richard S. Lim, President of Sun Life Grepa. “With these donations, we hope to be part of the solution and we continue to find ways to be of value to our countrymen during this pandemic and beyond.”

To learn more about the company, visit www.sunlifegrepa.com.

With the unexpected onslaught of a worldwide pandemic, the importance of preparing for a financially secured future has never been more emphasized than now.

In encouraging people to keep focused on their financial journey, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the Philippines, is introducing a new fund option for Filipinos who are ready to experience potentially higher returns from equity investment but are unsure if they can withstand the increased risk that goes with it.

This new fund called SLG Opportunity Tracker Fund is a peso-denominated variable universal life (VUL) fund option of the company’s Sun Grepa Power Builder peso products which provide guaranteed life insurance coverage.

As a balanced fund, the SLG Opportunity Tracker Fund provides a middle ground between equity and fixed income asset classes. However, what differentiates it from other balanced funds in the market is that it utilizes an indexing strategy by tracking the performance of the Philippine Stock Exchange Index (PSEi) and the portfolio duration of the Bloomberg Phil Sovereign Bond Index AI (BPHILR). Fund management is also completely systematic, because it follows a rules-based asset allocation approach that aims to manage risk and return. Moreover, the Fund is managed by Sun Life Grepa’s team of professional fund managers, who will ensure that the Fund will provide optimum returns consisting of current income and capital growth through investment in a mix of fixed-income and equity instruments.

“What we offer is an effective risk-management tool that will help Filipinos pursue opportunities even in times of market uncertainty, just like what we are experiencing now. Whether you’re a young professional eager to build your wealth, or an experienced investor who are looking for options to diversify your portfolio, you can indeed benefit from this Fund,” said Sun Life Grepa President Richard S. Lim. “The SLG Opportunity Tracker Fund allows you to experience potentially higher returns from equities along with the stability of a fixed income asset while managing volatility and risk through its systematic fund allocation approach and indexing strategy,” Lim concludes.

Learn more about the SLG Opportunity Tracker Fund and how it can help build a financially secured future for you by talking to a financial advisor or by visiting www.sunlifegrepa.com.ph.