Sun Life Financial and Humana Join Together to Offer a Greater Choice of Dental PlansWellesley Hills, MA (September 1, 2009) - The Employee Benefits Group division of Sun Life Financial Inc.* (NYSE: SLF, TSX: SLF) today announced that it has entered into an agreement with Humana (NYSE: HUM) to offer a greater choice of dental plans to employer groups in select markets. The marketing agreement allows employers to purchase Humana's dental HMO ("DHMO") as the low-cost option on a Dual Select Dental Plan, with a Sun Life plan* as the high-cost option. Plans will be available through Sun Life in Texas, Florida and Illinois.
"We're excited to expand our dental plan offerings through this new relationship," said Sue Schoch, Vice President of Dental Products at Sun Life Financial. "Adding DHMO to our Dual Select Plans allows us to offer customers another option when choosing a comprehensive dental plan for their employees." Schoch went on to say, "Humana's provider strength and tremendous reputation in these target markets made them a superior choice to round out our dental offerings."
DHMO dental plans are offered by HumanaDental Insurance Company, and underwritten by CompBenefits Dental Inc., DentiCare Inc. and CompBenefits Company, all of which are Humana subsidiaries. With the DHMO, a member may see a primary care dentist, within the network, as often as necessary. There are no yearly maximums, no deductibles to meet and no waiting periods.
Plan administration will be seamless to employers, with both plans easily administered through Sun Life's Plan Administrator Web portal. Employees have access to either Sun Life's or Humana's plan member sites, for user-friendly provider searches and online explanation of benefits.
"Sun Life shares our mission of providing customers with the plans and information they need to make the best decisions for themselves and their family members," said Beth Bierbower, chief operating officer of Specialty Benefits at Humana. "That's why we're so excited that Sun Life's network of brokers will now be able to offer Humana's Dental HMO plan, along side their other options."
Sun Life has more than 25 years experience providing group dental coverage with an average four-day turnaround on claims decisions. All of Sun Life's dental plans are backed by a money-back service guarantee that covers claim service, customer service and overall satisfaction.
About Sun Life FinancialSun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of June 30, 2009, the Sun Life Financial group of companies had total assets under management of US $341.9 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF. Visit Sun Life Financial's website at www.sunlife-usa.com.
About HumanaHumana Inc., headquartered in Louisville, Ky., is one of the nation's largest publicly traded health and supplemental benefits companies, with approximately 10.3 million medical members and 6.8 million specialty members. Humana is a full-service benefits solutions company, offering a wide array of health and supplementary benefit plans for employer groups, government programs and individuals.
Over its 48-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.
More information regarding Humana is available to investors via the Investor Relations page of the company's Web site at http://www.humana.com.
Media Contact at Sun Life Financial
Media Contact at Humana
Humana Corporate Communications
Doug Bennett Jr.
SLPC 20845 (8/09)