Sun Life extends grace period for premium payments in Odette-hit areas

(Press Release)

Sun Life of Canada (Philippines), Inc. is extending its grace period to 91 days for clients residing in areas affected by Typhoon Odette.

The extension will be applied to policies and plans with due dates falling from November 16, 2021 to January 16, 2022. It will specifically cover the following areas: Marinduque, Oriental Mindoro, Palawan, and Romblon in MIMAROPA; Albay and Masbate in Region V; Aklan, Antique, Capiz, Guimaras, Iloilo, and Negros Occidental in Region VI; Bohol, Cebu, Siquijor, and Negros Oriental in Region VII; Eastern Samar, Leyte, Western Samar, and Southern Leyte in Region VIII; Zamboanga del Norte and Zamboanga del Sur in Region IX; Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental, and Misamis Oriental in Region X; Davao de Oro and Davao del Sur in Region XI; and Agusan del Norte, Agusan del Sur, Dinagat Island, Surigao del Norte, and Surigao del Sur in CARAGA.

(Areas in table version for quick reference)

MIMAROPA Marinduque
  Oriental Mindoro
Region V Albay
Region VI Aklan
  Negros Occidental
Region VII Bohol
  Negros Oriental
Region VIII Eastern Samar
  Western Samar
  Southern Leyte
Region IX Zamboanga del Norte
  Zamboanga del Sur
Region X Bukidnon
  Lanao del Norte
  Misamis Occidental
  Misamis Oriental
Region XI Davao de Oro
  Davao del Sur
CARAGA Agusan del Norte
  Agusan del Sur
  Dinagat Island
  Surigao del Norte
  Surigao del Sur

Traditional life insurance policies and pre-need plans covered by this notice will not lapse if premiums or installments are paid within the given grace period extension. Meanwhile, for VUL policies, the extension will take effect when the total fund value becomes negative anytime from November 16, 2021 to January 16, 2022.

“This gesture is our simple way of being there for our clients as they strive to recover from the impact of the typhoon,” said Alex Narciso, President of Sun Life of Canada (Philippines), Inc. and Sun Life Financial Plans, Inc. “As their partner for life, we stand ready to assist them so they will remain on track in their financial journey despite the challenges.”

Sun Life of Canada (Philippines), Inc. President Alex Narciso

Residents of the aforementioned areas who will receive a payment reminder or a lapsed notice are advised to disregard those and instead refer to the extended grace period above. For further assistance, clients are advised to connect with their Sun Life advisors, email, or call Client Care at (632) 8849-9888.

Meanwhile, Sun Life Financial-Philippines Foundation, Inc., Sun Life’s philanthropic arm, has likewise extended assistance to those affected by the typhoon. Food aid has been provided to over 7,000 families in Surigao, Cebu, and Bohol through Sagip Kapamilya, the emergency humanitarian assistance program of ABS-CBN Lingkod Kapamilya Foundation, Inc.

According to Narciso, who also serves as president of Sun Life Foundation, the company will continue to explore ways that it can assist those in need. “Our promise of a brighter future extends to the greater community,” he said. “Through the Sun Life Foundation, we look forward to launching more sustainable initiatives that will bring holistic health closer to more Filipinos especially amid these trying times.”