Looking for information about payments on your Sun Life policies like Sun Maxilink Prime, Sun Flexilink, Sun Maxilink Bright and other Sun Life products? Let me share you some of the frequently asked questions I have received over the years.

I’ve collected and compiled them here – some of the most asked questions when it comes to Sun Life VUL and traditional (term, etc.) payments. Here are some of them:

Updated: July 20, 2019

How to Pay Sun Life Insurance Policies Complete Guide

Regarding Sun Life Mode of Payment

My current mode of payment is quarterly, can I change to Annual? or vise versa?

Answer – Yes, you may change mode of payment anytime as long as it’s advanced. That way, you won’t be lagging in your payment schedule. However, say your initial mode is quarterly and you paid in Annual, you will still receive the quarterly billing since it’s computer generated. In case you don’t want to receive the quarterly billing, we need to change that in paper, there’s a form we need to submit. Or you may simply ignore the quarterly billing.

Can I pay on a Monthly basis? I started annual but I want to change to monthly. What to do?

Answer – You can pay monthly as long as it is advanced. Ideally, to do monthly payments, initial payment is either quarterly, semi annual or annual. So you pay the first 3 months, then you immediately pay the monthly the next month. That way, when the next billing comes, you already completed the 3 months in advanced. Same goes with Semi Annual and annual. It has to be advanced.

Can I pay in Advance? I want my Sun Maxilink Prime policy to be paid in just 5 years.

Answer – Yes, that’s possible. For example, your plan is P30k a year for 10 years. Instead of paying 30k a year, you may do P60k a year for 5 years. As long as you fulfill the total payment of 300k in 10 years or less, that’s ok.

Can I pay a little more than my billing? My quarterly billing is P7,156.75, I always get irritated with the ‘butal’.

Answer – Yes, you can pay any amount to be exact. In the example, instead of P7,156.75, you can actually pay P7,200 or P7,500. Any excess payments that you make will be added to the fund value, so it will not go to waste.

Can I pay my Sun Maxilink Prime using credit card? Sayang kasi ang points.

AnswerSad to say, credit card payments are not allowed for VUL type plans. Recent developments now allow payment of Credit Cards. For New applications, credit card payments are accepted up to Php100,000. For existing plans, Credit Card payments are possible only thru Auto Credit Charging. Traditional plans like Sun Life Assure / Sun Safer Life / Sun Smarter Life, credit card payments are allowed and has no limit even on initial payment.

I haven’t paid for like 12months to 1 year. Can I still make deposits to my policy? Can I still make up for skipped payments?

Answer – The good thing with VUL plans is that, it doesn’t automatically lapse or terminate. If you haven’t received any notification that your policy lapsed, most likely, it is not. If it’s not yet lapsed, yes, you may continue your deposits. You can also make up for skipped payments. If unsure on how much you should pay, let me know so that we can take a look at your policy.

Sun Life Payments thru Banks – Over the Counter

You may also pay your Sun Life policies thru Sun Life accredited banks.

What are the banks accredited with Sun Life and how do I pay my premium over the counter?

Here are the list of accredited banks with Sun Life Financials

  • Bank of the Philippine Islands (BPI)
  • Banco De Oro (BDO)
  • Rizal Commercial & Banking Corporation (RCBC)
  • Security Bank & Trust Company (SBTC)
  • UnionBank of the Philippines (Unionbank)

To pay over the counter, simply follow these steps

  1. Go to any of the accredited banks nearest your place.
  2. Using the Bills Payment Slip, write Sun Life of Canada (Phils) Inc. as the Merchant / Company Name
  3. On the Subscriber’s Account No., write your Policy Number.
  4. On the Subscriber’s Name, write the Name of the Policyholder / Owner.

Online Banking – Sun Life Payment via BPIexpressonline / BDO Online

How do I pay using

Enroll First

  • Login to your account
  • On the Menu, go to Payments and Reloading -> Bills Payment -> Enroll All Other Bills
    – Company Name is Sun Life of Canada (SUNLIF)
    – Reference Number is your Policy Number
    – Click Submit

Make Payments

  • Go to Payments and Reloading -> Bills Payment -> Pay Bills Today
  • Pay (choose from Drop Down – SLF…)
  • Amount
  • Then submit

Other Sun Life Payment Options

You may also pay your Sun Life policies thru the following facilities

  • Sun Life Stores
  • Thru your Sun Life Financial Advisors
  • ATM Facilities (Bancnet)
  • SM Bills Payment Center
  • Bayad Center
  • Smart Money


Garry De Castro

Garry De Castro is a personal finance advocate, Financial Advisor, Certified Investment Solicitor (Mutual Fund Representative), investor, stock market trader, blogger, and IT practitioner. He started sharing and writing financial articles 2008 just to share his financial learnings to friends, relatives and anyone who wishes to be financially independent.


  • March 2020 at 8:39 am

    Hi…nalapse ko po payment ko for my daughter’s flexilink. Can i still pay for it? Thanks…

    • March 2020 at 11:23 am

      Hi Krystal, yes possible po mareinstate ang Sun Life policies within 3 years from the date na nag lapse.

      • April 2020 at 12:16 am

        Hi ulit po. So bayaran ko na lang yung na lapse ko together with the current quarter…

        • April 2020 at 8:33 am

          Hi Romel or Krystal, yes that’s the best case scenario. You can also take advantage of the low price of units since market is down.

          If naglapse na yung policy, need muna ipa reinstate by submitting a Personal Declaration of Insurability + amount needed to reinstate the policy. Best to contact your advisor to check how much is needed for reinstatement.

  • February 2020 at 11:12 pm

    Hello po, Sir. Ask lang po. I want to downgrade my Sunlife Maxilink Prime VUL from 5k to 2500/monthly. Naka quarterly payment po ang schedule ng payment ko. May next quarterly due po ay sa March 6, 2019 na 15k. Gusto ko na po sana ibaba now bago pa mag March 6. Possible po kaya yun? And ang ika- first year po ng policy ko ay sa June 6 pa. Thank you po.

    • February 2020 at 11:26 am

      Hi Czarina, my apologies for reading this late. Re: if pwede idowngrade, yes possible mag downgrade. You just have to check with your Sun Life advisor if possible to downgrade to that level.

  • February 2020 at 6:30 am

    Hi, I missed paying for my policy the last 3months. Can you help me confirm how much I need to pay to make up for it please? Great and helpful article by the way. ??

    • February 2020 at 11:28 am

      Hi Sheila, if you missed your payment, better check with your advisor first if it’s still active. If it is, you may need to pay your skipped payments but not required immediately.

  • February 2020 at 5:59 am

    Hi Gary,
    I need your advice, Im already paying my sunlife for 8 yes, kaso meron akong 2 years unpaid , smarrt starter kit policy, maglapse n b ung policy.hirap ako bayaran lately kase 50k cis annually. Can you please give me the best that I need to do please.

    Sb ng customer care n mappunta lang un s loan , so if wala ako mggawang payment what will happen? Please me ayoko mauwi to s wala please..

    • February 2020 at 11:29 am

      Hi Lunnie, due to limited details on your policy (traditional policy), I may not be able to give you the proper answer. Have you checked with your Sun Life Advisor?

  • October 2019 at 4:59 pm

    Hi Sir Garry,

    My deadline for quarterly VUL is last Sept. 15, 2019. I missed the payment (6k) and I am planning to pay partial this October 15. Is it okay if I pay 1k only then 3k on Nov. 15 then 8k on Dec 15, since Dec. 15 is the quarterly deadline (6k quarterly payment + 2k sept. 15 remaining)?

    My VUL still has 8k+ fund as of today. Will my policy lapse?

    Thank you, in advance, for your reply.


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