Explore variable universal life
If you’d like to benefit from insurance protection plus investment potential, you’ll want to learn more about variable universal life insurance. At Sun Life, our variable universal life solutions combine innovative protection features with access to some of today’s leading money managers–all on a tax-advantaged basis.
What is variable universal life (VUL) insurance?
Not only does VUL insurance provide a death benefit, it allows you to build a cash value. So while a portion of your premium goes to paying for the insurance protection, you direct how the balance is going to be invested across an array of professionally managed investment options. Your cash value then is affected by the performance of the options you choose.
VUL insurance is also very flexible. Over time, you can vary the amount and/or timing of your payments as well as adjust the death benefit amount within certain limits.
How can it help me address my needs?
Because it can help you build as well as protect your assets, VUL can provide insurance coverage plus:
- a tax-advantaged way to build and transfer wealth to the next generation
- flexibility to access cash value to help fund educational costs, mortgage debt, income interruption due to a job change or other unplanned events (although policy loans/ withdrawals may affect the death benefit)
- an opportunity to tap into the cash value later for supplemental retirement income
What distinguishes Sun Life’s VUL options?
Sun Life’s VUL policies offer you tax-advantaged access to investment subaccounts managed by leading specialists across all asset classes and investment styles Check out our variable universal life investment options.
Any life insurance is only as valuable as the strength of the company that issues it. Sun Life Financial has a 140-year tradition of meeting its promises to its customers. Learn more about our financial strength
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 long-term contracts and are sold by prospectus; they 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. Variable Universal Life Insurance products are for persons, who have a long-term need for life insurance. Variable insurance products are not insured by the FDIC or other government agency and are not deposits or other obligations of, or guaranteed by, any financial institutions. Unit values are subject to investment risk, including possible loss of the principal amount invested, and will fluctuate in value. You may receive more or less than you paid when you access your values. Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges (which differ with the product chosen) including underlying investment charges. Certain charges apply to all products, such as: Premium Expense Charges, Transfer Fees, Cost of Insurance (COI) Charges, Mortality & Expense (M&E) Charges, Loan Interest Payments and Flat Extra Charges. Surrender charges may also apply. Additional charges may apply to any optional riders, including: Waiver of Monthly Deductions Rider, Payment of Stipulated Amount Rider and Supplemental Insurance Rider.
NOT FDIC/NCUA INSURED. MAY LOSE VALUE. NO BANK/CREDIT UNION GUARANTEE. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
SLPC 21087 (10/09) (Exp. 04/11)
