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It may be guaranteed, non-guaranteed or a combination of both.Ĭash value accessibility You may be able to access the cash value of your policy when you need it most.
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Sun Life provides insurance, retirement, and wealth-management services to. For example, the death benefit is paid when the second person dies on a joint last-to-die policy.Ĭash values Cash value is money that builds in some policies over time. Sun Life Financial Inc is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. variable annuity, fixed annuity and fixed index annuity products, and variable life insurance products, including corporate and bank-owned variable life. With a joint policy, you choose when we pay the death benefit. The transaction consisted of the sale of 100 percent of the shares of Sun Life Assurance Company of Canada (U.S.), which includes Sun Life Financials domestic U.S. With YRT to 100, the cost of insurance increases each year to your age 70, at which time it becomes level for life.Ĭoverage options Single life policies cover 1 person joint policies cover 2 people. With YRT to 85, the cost of insurance increases each year to your age 85, at which time you will no longer have costs of insurance associated with the base insurance amount. Yearly renewable term (YRT) to 70, YRT to 85 and YRT, 100: With YRT to 70, the cost of insurance increases each year to your age 70, at which time you will no longer have costs of insurance associated with the base insurance amount. If you experience technical issues, please call 80. By signing in, you agree to these terms and conditions. If your payment type is life pay or level for life, you will continue to pay the premiums for your insurance until age 100 or your death. Clients who have individual life insurance policies not provided through their employers. 10, 15, 20, life pay and level for life: 10, 15 and 20 pay plans mean you only have to pay for your life insurance for 10, 15 or 20 years. Plus, our advisors are here to help you meet your financial goals and needs. We offer trusted insurance products and secure access to your employee benefits, including health claims and group savings plans. Sun Life was founded in 1865 in a the beautiful country of Canada. At Sun Life, we help our clients achieve lifetime financial security and live healthier, happier lives. Today, Sun Life is a vibrant and strong life insurance company that will surely stand for another 124 years. Term life insurance: Renewable term plans increase in cost after the first term ends, and renew for another term equal to the one you originally selected. For 124 years, Sun Life has endured World War II, martial law and many political crises in the Philippines. Payment options You choose the payment option or length of time that meets your needs.