My apology of how the way you react, when you said putting the other company down?. . .(if you are referring to my comment) however, my intention about this is just to share what are the benefits you are getting too, from the premium being compared above (5k per month, 47 male, non smoker).
Yes, i agree I am claiming Sun Life is the no.1 company in the philippines for the last 4 years (including last year 2014). Is this base on fact? Definitely Yes! This is in terms of Premiums. Meaning "mas marami bumibili ng insurance sa Sun Life". You may refer to the this link for the latest update -
BusinessWorld | Sun Life keeps top insurer spot
There are three things readers must consider about the company before getting life insurance. They should know about the following:
1. Premium Income
2. Assets
3. Net Worth
Premium Income defined as – revenues that an insurer receives as premiums paid by its customers for insurance products. When a customer purchases an insurance product, such as a health insurance policy, the customers cost for a specified term of the policy is called the premium.
Assets defined as – anything of value that can be converted into cash. These could be Cash and cash equivalents, real properties or investments.
Networth defined as – The amount by which assets exceed liabilities. The company’s net worth is calculated by subtracting the liabilities from the assets.
Why we should know about these things? To be able to evaluate if the company is stable, with a solid foundation and reliable.
Aside from knowing all about the company, client shall not only focus on getting insurance in one company, they too shall consider getting different policies of different companies. The advantage: for instance client own policies with Pru Life, Sun Life, AXA. Eventually client was diagnosed with cancer, he/she can claim any of the three policies. Perhaps just one would be enough for the financial need as of the moment. However, client again was diagnose with another desease this time a kidney failure. He/she can now claim another policy. You cannot hold different policies in one company the moment you are diagnose with critical illness, it will be given all to the client.
Even though i am an advisor of Sun Life i have also insurance policy with AXA. Aside from additional protection, substantial projected returns over long term for retirement fund.