Being the largest group benefits provider in the country, this Zacks Rank #3 (Hold) insurer is shifting its growth focus toward products that require lower capital and offer more predictable earnings such as mutual funds and group benefits. The divestiture will help Sun Life intensify its focus on growing the core segments within the group benefits business. Per the divestiture deal, 100 plan sponsors and about 1.5 million insured clients and plan members/customers of Sun Life will go to Canadian Premier. The sponsored markets business includes association, affinity, and group creditor clients. Subject to the fulfillment of closing conditions, the transaction is expected to see the light of day in early 2023.
#SUN LIFE FINANCIAL STOCK UPGRADE#
to start northbound upgrade of Candaba Viaduct in Feb.Sun Life Financial Inc.’s ( SLF Quick Quote SLF - Free Report) wholly owned subsidiary, Sun Life Assurance Company of Canada (SLA) has agreed to divest the sponsored markets business to Canadian Premier Life Insurance Company.
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It is critical that we should develop discipline to stick with one’s investment goal. There are two major emotional investment behaviors to avoid, and these are fear and greed. “We should never make an investment decision based on emotions. Should market crash, investors should stay on the course, and not feel unnerved or frightened. “The most important thing about investment, which I learned from Sun Life, is that in investing, there is no way to predict the future,” dela Cruz tells.Īfter all, investing is a long-term commitment. This covers insurance plans with endowment benefits, perfect for the risk-averse who prefer fixed income from their investments.Īnd there are clients who have high appetite for variable-linked insurance (VUL), mostly the younger ones, like the millennials and zoomers (or Generation Z). His personal favorite among Sun Life products is the endowment plan because of its guaranteed features. If I have the luxury of time and money, I will not hesitate to buy more.” “It is this belief in the value of life insurance policies as a real investment that I personally hold several of my own. “When people ask me why they need more than one insurance product, I always tell them that buying more is a hedge or protection against time, inflation and taxes,” the award-winning financial advisor says.
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These are lessons that he is committed to share to other Filipinos as long as he can, together with his wife, Lilian, who is also with Sun Life. He learned that smart financial choices and proper investments can create ripples on one’s financial state in the future, which he has fortunately experienced firsthand. Jewelry is one of them, but alongside insurance, real estate, and stocks.
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Sun Life taught him that real investments are assets that substantially appreciate in value through the years. But over the years, I have changed, and it is thanks to Sun Life,” he shares. So, I spent and invested a lot on clothes, shoes, bags and jewelry as I always wanted to look and feel good, especially during my performances.
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“I do not feel that old! But in my younger years, I used to be a singer and party host. Roberto Dela Cruz, Green Fir, Macaulay Club Gold Qualifier