Facts & Information Page:
Sun Life Assurance Company Of Canada - Canada
Canadian Money Advisor Rank
Product Names
Product Name
Sun Life Sunspectrum Basic Life
Sun Life Sunspectrum Term Life
Sun Life Sunterm Life Insurance
COMPANY INFORMATION AND BIOGRAPHY:
Sun Life Assurance Company is a top insurance and financial services company in Canada, and has been in service in the Canadian market since 1865. In 2002, it merged with Clarica and consequently turned out to be one of the top insurance and financial management companies in Canada. It has claimed that one in every five Canadians has business relations with them. Globally, Sun Life markets its different products in different countries, comprising the countries UK, U.S., Ireland, China, Japan and India. The company is listed on the Toronto, New York and Philippines stock exchanges. The services and products provided by Sun Life are obtainable to individuals, small and medium-sized businesses and organizations. Products presented through Sun Life can be separated into two groups which is pre-retirement and post-retirement products. In pre-retirement cases, there are insurance, health care and wealth management products in which Sun Life has the major share in the Canadian market. With regards to retirement products, Sun Life is also number one in the Canadian market, controlling 30% of the overall market. Their customers take account of Pepsi, Hewlett Packard, IBM and Motorola, just to name a few.
Product Name
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Product Description
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Sun Life Sunspectrum Basic Life |
If You Are Going To Opt For A Sunspectrum Term Life, The Premiums Will Automatically Renew Having Guaranteed Rates Every Time The Term Ends. You Can Convert Your Term Insurance To A Permanent One Any Time Regardless Of Your Health, Occupation And Lifestyle. This Will Also Be Available Only Until The Policy Anniversary Following The Insured Person’s 70th Birthday. The Insurance Also Offers Guaranteed Death Benefit Which Will Not Change Depending On What Term Policy You Have Chosen. For Sunspectrum Term Life, The Insurance Policy Is Renewable But Only Until The Policy Anniversary Date Following The Insured Person’s 80th Birthday. The Coverage Amount For Sunspectrum Term Life Is $50,000 For Ages 0-17 And $100,000 Or $20 Monthly For Ages 18-79. At Older Age, The Minimum Insurance Amount Can Be Lowered If The Monthly Premium Is At Least $20. The Maximum Coverage Is At $250,000. Terms Are Available Having The 1, 5, 10, 15, 20-year Renewal Term Depending On Your Age. In Addition, The Insurance Will Include Premium Fund And Living Benefits. Other Options Being Offered Are Disability Waiver Benefit, Child Term Insurance, Guaranteed Insurability And Accidental Death Benefit.
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Sun Life Sunspectrum Term Life |
If You Are Going To Opt For A Sunspectrum Term Life, The Premiums Will Automatically Renew Having Guaranteed Rates Every Time The Term Ends. You Can Convert Your Term Insurance To A Permanent One Any Time Regardless Of Your Health, Occupation And Lifestyle. This Will Also Be Available Only Until The Policy Anniversary Following The Insured Person’s 70th Birthday. The Insurance Also Offers Guaranteed Death Benefit Which Will Not Change Depending On What Term Policy You Have Chosen. For Sunspectrum Term Life, The Insurance Policy Is Renewable But Only Until The Policy Anniversary Date Following The Insured Person’s 80th Birthday. The Coverage Amount For Sunspectrum Term Life Is $50,000 For Ages 0-17 And $100,000 Or $20 Monthly For Ages 18-79. At Older Age, The Minimum Insurance Amount Can Be Lowered If The Monthly Premium Is At Least $20. The Maximum Coverage Is At $250,000. Terms Are Available Having The 1, 5, 10, 15, 20-year Renewal Term Depending On Your Age. In Addition, The Insurance Will Include Premium Fund And Living Benefits. Other Options Being Offered Are Disability Waiver Benefit, Child Term Insurance, Guaranteed Insurability And Accidental Death Benefit.
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Sun Life Sunterm Life Insurance |
When You Select The Sunterm Life Insurance, The Premiums Will Automatically Renew Having Guaranteed Rates Every Time The Term Ends. You Can Convert Your Term Insurance To A Permanent One Any Time Regardless Of Your Health, Occupation And Lifestyle. This Will Also Be Available Only Until The Policy Anniversary Nearest The Insured Person’s 70th Birthday. The Insurance Also Offers Guaranteed Death Benefit Which Will Not Change Depending On What Term Policy You Have Chosen. For Sunterm Life, The Insurance Policy Is Renewable But Only Until The Policy Anniversary Date Nearest The Insured Person’s 80th Birthday. The Coverage Amount For Sunspectrum Basic Life Is $250,000-$10,000,000. Terms Are Available Having The 1, 5, 10, 15, 20-year Renewal Term Depending On Your Age. In Addition, The Insurance Will Include A Living Benefit. For Joint Plans, Survivor And Automatic Survivor Benefits Are Provided. Other Options Being Offered Are Total Disability And Accidental Death Benefits. For Single Plans, Child Term Insurance Benefit Is Offered.
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