Press releases

July 20, 2017

Sun Life launches new product portfolio, Reaches another milestone in integration of employee benefits acquisition

SLPC 28528 07/17 (Exp 07/19)

WELLESLEY, Mass. – (July 20, 2017) – Sun Life Financial U.S. has marked a major milestone in its integration of the Assurant Employee Benefits (AEB) business, which it acquired last year. Sun Life has begun rolling out its newly combined portfolio of employee benefits products and services, representing the best offerings from both companies under the Sun Life brand.

The new portfolio offers access to one of the largest dental networks in the country, with approximately 125,000 unique providers; leading dental and vision plans; and voluntary critical illness and accident insurance alongside Sun Life’s leading group life, disability, cancer and medical gap products. Service offerings include top-tier benefits communication and enrollment options, including one-on-one employee benefits counseling; advanced absence management; enhanced online capabilities; emergency travel assistance; identity theft protection; and health care support services.

“We are extremely pleased to start offering our combined portfolio of products and services, which feature the best of both worlds from Sun Life and AEB,” said Dan Fishbein, M.D., president of Sun Life Financial U.S. “We acquired AEB because it brought some fantastic capabilities that aligned with Sun Life’s strategy, such as a broad dental network, leading voluntary products and end-to-end enrollment solutions for our clients.”

Sun Life completed its acquisition of AEB on March 1, 2016. Since June 1, 2016, the company has been offering an expanded portfolio consisting of both AEB and Sun Life products, while a dedicated team has been working toward product integration.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2017, Sun Life Financial had total assets under management of C$927 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

In the United States, Sun Life Financial is one of the largest group benefits providers, serving more than 60,000 employers in small, medium and large workplaces across the country. Sun Life’s broad portfolio of products and services in the U.S. includes Disability and Absence Management, Life, Dental and Vision, Voluntary and Stop-Loss insurance. This includes the acquisition of the U.S. Employee Benefits business of Assurant, Inc., in Q1 2016. For more information, please visit www.sunlife.com/us.

Contacts:

Devon Fernald, 
Sun Life Financial, 
781-416-7151, 
devon.portney.fernald@sunlife.com