It’s essential for people who

It’s essential for people who desire to manipulate the disposition of their assets after their dying, and to settle the taxes imposed with the aid of authorities on the property,” she said.

To put off the burden of estate taxes from the heirs, customers are suggested acquire a existence insurance coverage all through their lifetime so that at the time in their dying, cash is remitted to the heirs because the irrevocable beneficiaries, which isn't always subject to estate tax.

The proceeds, Sun Life said, can also serve as the liquid fund to pay for the property tax or the “pamana” or legacy itself.

The marketing campaign objectives retirees who want to enjoy their retirement years in consolation.

Sun Life said it has named Charo Santos-Concio, former ABS-CBN president and CEO, because the emblem ambassador for its retirement segment.

“These are not actually property however my pamana for my apos [legacy for my grandchildren]. This is why property making plans is very critical to me. By getting ready early, utilising the right instruments, and with the assist of Sun Life, I am confident that my own family will sense my love thru the legacy I go away at the back of,” Santos said.

“Since ultimate year, we’ve been selling cash for life. Sun Life has been inside the country for 122 years and our advocacy and our venture is to virtually provide a lifetime monetary protection for Filipinos,” Lopa said.

SUN Life Financial Philippines

SUN Life Financial Philippines entreated Filipinos to embrace estate planning in passing on their properties to their heirs so as to keep away from issues approximately excessive estate taxes.

“Many within the Philippines aren't aware that once they're gone, the heirs might need to pay property taxes before belongings can be transferred to them,” Mylene Lopa, Sun Life Financial Philippines chief advertising and marketing officer, stated at a media briefing in Pasay City overdue Saturday.

“All of so one can be taxed with the aid of the authorities by the point it's far transferred to the heirs. And many aren't conscious that insurance can be the solution to that problem,” she stated in a mix of English and Tagalog.

Because of this, she stated Sun Life has give you a new campaign to encourage and make Filipinos informed about moving their belongings to their family. The campaign, dubbed as “Leaving a Legacy,” objectives to at ease the properties of its customers in the retirement degree through property planning.

“We are developing with this campaign to make sure that some thing they toiled for at some stage in their running years, they could skip on to the following technology and to their cherished ones,” she stated.