Recognizing that managing finances can be a complex and time-consuming exercise, Sun Life Financial helps clients plan for their day-to-day lives and the future with financial management advice. The company also focuses on what's most precious - life. Because financial health means physical health, Sun Life also aims to help you achieve your daily goals, whether it's climbing a mountain or teaching your children to take their first bike ride.
The company offers a wide range of products and services to six million Canadians across the country:
A proven track record
Sun Life has a 150-year track record of delivering on its commitments to the community, customers, financial allies and shareholders.
Sun Life Financial is an active company with the means to achieve its ambitions, thanks in part to its high-quality credit ratings. Committed to best management and ethical practices, Sun Life is also committed to sound risk management. Just as we are committed to working for the financial and physical health of our customers, we strive to build relationships based on the well-being and sustainability of the communities we work with. With operations around the world, Sun Life's strength also lies in our diversified financial operations.
Life insurance is a form of coverage that will protect your loved ones from financial instability in the event of an unexpected death. When the insured person dies, the company commits to paying a sum of money to your beneficiaries. Life insurance products vary greatly and adapt to your needs at the time. The amount and type of life insurance will affect the cost of your insurance, as will your personal characteristics: age, gender, health and lifestyle.
Do you need life insurance? Is someone financially dependent on you?
If the answer is yes, life insurance could be an effective way to ensure the financial security of your loved ones.
Also, be sure to make sure that your workplace life insurance meets all your insurance needs and keep in mind that this coverage usually ends when you change jobs.
Term life insurance is the most accessible insurance coverage. Affordable and easier to understand, it's a coverage that adapts to your reality.
Term coverage, the cost of your coverage will be the same until your renewal date arrives. It's simple: in the event of the death of the insured, the beneficiaries receive a tax-free lump sum. In most cases, term insurance gives you the option to convert your term coverage to permanent coverage without having to provide medical test results again.
Permanent life insurance, also known as whole life insurance, provides coverage for life. Some permanent life insurance policies have a cash surrender value, an amount of money that belongs to you and that increases over time.
The amount you pay for your permanent insurance is usually guaranteed. This means that it will not increase for the life of your policy. Some products also offer you the option of paying for your entire policy over a set period of time without having to pay once the period is over.
Permanent life insurance is suitable for individuals who are looking for coverage for life and whose price will not change. In addition, permanent life insurance meets the needs of those who want to provide protection that will cover all the costs associated with an unexpected death: funeral expenses, debt repayment and estate.
Participating Life Insurance provides permanent insurance coverage that includes a cash surrender value with the potential for greater growth. The amount of insurance is guaranteed for life as long as you pay your premiums.
What's more, you can choose to make dividend payments with which you can reduce your premiums or purchase more insurance coverage. Your dividends will earn interest over time, but you can choose to withdraw them for any purpose you wish.
Participating life insurance meets the needs of people who want to:
SunLife Protection for life with participation II
Is a permanent life insurance coverage that provides long-term growth in both the death premium and the cash value.
SunLife Accumulator for life with participation II
Is a permanent life insurance plan that provides rapid cash value growth and long-term premium growth in the event of death.
SunLife Acceleration for Life with participation II
Is an eight-year paid-up permanent life insurance plan that provides rapid cash value growth and long-term premium growth in the event of death.
This product may be right for you if you:
SunSpectrum Universal Life II
SunLife Universal Life II
SunLife Pro Universal Life II