‘Adulting’ like a pro: Managing and securing your finances with Sun Life

The transition period from teenager to adult can be rather daunting. And perhaps one of the true tests of adulting is managing and securing your finances responsibly — a feat even adultier grown-ups struggle to achieve.

Fortunately, this isn’t something you have to go through alone. In the case of Celeste Jamilla, she had the help of a Sun Life advisor to guide her through this transition period.

Preparing for a brighter future

Getting an insurance policy wasn’t at the forefront of Celeste’s mind during her early 20s. She had a full-time job and a beautiful family — she was happy and comfortable. It wasn’t until a friend told her the benefits of an insurance plan that Celeste started thinking: “How would my children fare if I’m not there to support them? In case of a medical emergency, can my family afford the hefty medical bills? Would I have enough capital to start a business without being stretched too thin?”

Luckily, Celeste’s friend already had a plan with Sun Life and referred Celeste to her financial advisor, Sabina Cadampog. Sabina helped Celeste find the financial plan that worked for her. After delving into her life experiences, Sabina discerned Celeste’s needs and what she wanted to achieve. This helped establish a baseline and a limit to Celeste’s insurance coverage. After assessing Celeste’s life stage and financial capacity, Sabina determined the insurance plan that fit her.

Achieving financial goals

The financial solutions and insurance plans recommended by an advisor are always based on a client’s needs and financial capabilities. The solutions can be adjusted, or a plan can be added as a client’s circumstances change. In Celeste’s case, her financial goals included securing her children’s future, having a financial safety net in case of medical emergencies, and having enough capital to jumpstart a new business.

She understood that achieving these goals would take time, and she would need to build on them, but with the help of Sabina’s expert financial advice, they were able to create a customized plan that fit Celeste’s needs.

Celeste and her husband each purchased traditional Sun Life insurance plans. The plans came with guaranteed endowments, life insurance coverage, and a critical illness rider. Celeste even had a plan that came with a female maternity benefit.

Each feature of their plans helped Celeste and her family achieve their financial goals. Through the life insurance benefit, Celeste was able to secure her children’s future, ensuring that no matter what happens to her, they would be protected financially. When they had to undergo major surgical procedures, Celeste and her husband were able to claim their critical illness riders.

Celeste was able to claim her female maternity benefit when she had a normal birth delivery as well as a dilation and curettage procedure. Meanwhile, her husband was able to claim his rider when he had a major heart procedure in 2021.

Because of these, they remained unburdened by expensive medical bills. And, since neither withdrew their cash endowments through the years, they had eight endowments totaling to about P800,000 sitting in their account. So, when the family’s various businesses needed some financial assistance, this endowment helped keep the businesses afloat and even extend monetary assistance to their employees.

Through their respective Sun Life plans, Celeste and her husband were able to achieve their financial goals. The plan’s offerings secured the family’s future, medical expenses, and business ventures, ensuring that they remained a #PartnerForLife.

Finding a trusted #PartnerForLife

Today, more and more young adults are exploring opportunities to be more financially independent. With so much disinformation and fraud, perhaps it’s time to get assistance from a financial company they can trust. This was exactly what Celeste did, and with the help of her financial advisor, she was able to secure her and her family’s future.

Celeste has been a Sun Life client for over 22 years now — and a happy one at that, because she feels that Sun Life goes above and beyond with its aftercare and service.

Sometimes, all one needs to get their finances in order is to find a #PartnerForLife. Sun Life can be that partner who can help secure your needs — from health protection to investment opportunities and even retirement. It’s a life insurance company that guides you all the way, making it an ideal choice for those who are still new to insurance and investing.

Ready to secure a brighter future? Talk to a Sun Life advisor today via www.sunlife.co/TalkToAnAdvisor. (SPONSORED CONTENT)