Life insurance

Life insurance protects your family, retirement assets or your business.

The primary purpose of life insurance is protection. When you own a life insurance policy that covers a family wage earner or a business executive, you get ‘peace of mind’ knowing that the untimely death of a key provider will not cause financial hardship. Life insurance proceeds also help your beneficiaries meet day-to-day expenses, because they will receive payments without the delay of estate settlement (probate) and free from income taxes. When used as part of an estate planning strategy, life insurance can maximize the money passed on to heirs.

Here’s how Sun Life’s life insurance products can help you

Whether you are looking to protect your loved ones and your retirement assets, enhance your wealth, or sustain your business, Sun Life has a product to meet the needs of Individuals, Small Businesses, Corporations and Groups:

For many individuals, life insurance forms the foundation of a family’s financial security by protecting, growing, and preserving financial resources

¹Sun Care WL policy long term care coverage limitations and exclusions apply. Please read the policy description and consult your Sun Life Financial Representative for details.
²This benefit is available as optional coverage for an extra premium. Conditions apply. A portion of the amount returned may have tax implications.  Please consult your tax advisor for your particular situation.

For small businesses, life insurance can help attract top talent, protect from the loss of a key employee, and ensure that a business continues to thrive.

For corporations, life insurance programs are designed to meet the needs of mid to large size companies.

For company benefits plans, group life insurance can help you meet your employees’ need for protection and security at an affordable cost.

Group and universal life insurance is issued by Sun Life Assurance Company of Canada (Wellesley Hills, MA) and in New York, by Sun Life Insurance and Annuity Company of New York, (New York, NY). All are members of the Sun Life Financial group of companies. All guarantees are based on the claims-paying ability of the issuing company.

As long as there is enough value in a UL policy to cover the monthly insurance charges, the policy can remain in force. If not, the owner has make additional premium payments as needed. Access to cash values is available through tax-free policy loans or withdrawals. Loans and withdrawals will reduce the policy’s death benefit and cash surrender value and may have tax consequences if the policy should lapse.

Whole life insurance products are issued by Sun Life Assurance Company of Canada (Wellesley Hills, MA) and, in New York, by Sun Life Insurance and Annuity Company of New York (New York, NY). Both companies are members of the Sun Life Financial group of companies. All guarantees are based on the claims-paying ability of the issuing company.

Clients should consider the investment objectives, risks, charges, and expenses of any investment carefully. Please obtain the prospectus for both the variable universal life insurance policy and the investment sub-accounts, which contain detailed information about investment objectives, risks, fees, charges, and expenses. Please read the prospectus carefully before you invest. Variable universal life insurance products are unsuitable as a short-term savings vehicle. The primary purpose of variable universal life insurance is to provide lifetime protection against economic loss due to the death of the insured person. Cash values are not guaranteed if the client is invested in the investment accounts. There are risks associated with each investment option and the policy may lose value. Variable universal life insurance is issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA) and, in New York, by Sun Life Insurance and Annuity Company of New York (New York, NY), and is distributed through Sun Life Financial Distributors, Inc. All guarantees are based on the claims-paying ability of the issuing company. All are members of the Sun Life Financial group of companies.

NOT FDIC/NCUA INSURED. MAY LOSE VALUE. NO BANK/CREDIT UNION GUARANTEE. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

SLPC 23322 09/11 (exp. 09/13)

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• Variable universal life for businesses
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