Life’s brighter under the sun
© Sun Life Assurance Company of Canada. All rights reserved.
SLF
SINGAPORE – APRIL 22, 2021 Sun Life Assurance Company of Canada Singapore Branch (“Sun Life Singapore”) has now launched “Future – S”, a whole life insurance plan designed to offer a lifetime of protection, which is an essential component for legacy and wealth planning strategy, for High Net Worth (HNW) and Ultra High Net Worth (UHNW) families.
Future – S is Sun Life Singapore’s first product since it was established in Singapore in May last year, meant to cater to HNW and UHNW families.
Future – S is an insurance solution that helps in wealth preservation, paving the way to a smooth transition of clients’ personal and business assets in this lifetime and generations beyond.
The key benefits of the Future – S include:
Belinda Au, Chief Executive Officer, Sun Life Singapore, said: “We have listened to our clients and have created Future – S that is tailor-made for families with an eye on protection and succession. With Sun Life’s long-standing legacy of more than two decades in serving clients in the international High Net Worth insurance market, we are well-placed to serve the wealth and protection needs of our clients in Singapore through insurance solutions.”
The launch of Future – S aligns with Sun Life’s focus in Asia on further building its HNW business. Sun Life currently supports more than 22 million clients in Asia, offering life, health and wealth management solutions through a multi-channel distribution approach. In the past four years, Sun Life’s business in Asia has grown to support 10.3 million new clients and its underlying net income has grown at a CAGR of 8%.
Facts about Sun Life in Asia:
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life 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 December 31, 2020, Sun Life had total assets under management of C$1,247 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.
Notes:
Premium payment term |
Guaranteed Cash Value |
---|---|
Single Pay |
85% of premiums paid for the lifetime of the Policy |
Multi Pay 5 Years |
25% of premiums paid on the 1st Policy Anniversary, increasing to 85% at a 15% annual increment |
Multi Pay 10 Years |
8.5% of premiums paid on the 1st Policy Anniversary, increasing to 85% at a 8.5% annual increment |