Here are the requirements to request surrender of Sunlife Variable Life Insurance:
To proceed with the surrender, please submit the following requirements:
- VUL Surrender Value Form - Completely filled out and with your signature. Form should also be signed by any of the following valid witness:
a. Your financial advisor
b. Sun Life staff at our Client Service Center. The nearest Sun Life Client Service Center to your address on record is provided through the link below:
https://www.sunlife.com.ph/en/about-us/where-to-find-us/
c. Third party witness and notarized by a Notary Public.
d. Your Irrevocable beneficiaries’. They should also place their signatures on the form.
- Original Policy Contract – If the contract is lost, please accomplish a Declaration of Loss Form which should also be notarized.
- Copy of your and your irrevocable beneficiaries’ 1 primary valid ID bearing photo and signature (e.g., Passport, Driver’s License)
Further, if you wish to receive the proceeds via credit-to-account, kindly indicate your bank account details on page 3 SPECIAL INSTRUCTION portion of the form. Also, please include in the submission any (1) of the following proofs of bank account:
Bank Statement of Account
Certificate of Bank Deposit
First page of the bank Passbook
Copy of Check
Copy of ATM card
Please submit the requirements to your Sun Life Advisor or at any Sun Life Client Service Center nearest you. The address of the nearest Client Service Center in your residence is provided on the link above.
Please note that getting the surrender value of the above policy will terminate your insurance coverage and thus, you will no longer be insured.
*Above requirements assumes that you are currently in the Philippines otherwise, please have the Request for Policy Surrender form signed by a third-party witness and authenticated by a Philippine Consul who must affix his signature and official seal on the documents.