A participating policy is a life insurance policy that entitles the policyholder to participate (receive) any policy dividends declared by the insurance company's board of directors. Dividends are not guaranteed because they are based on the company's performance and experience over a given year.
An adjustable policy is a life insurance policy which allows the company to change the policy premium or other policy values to reflect certain changes in experience.
Group insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York. In New York group insurance policies are issued by Sun Life and Health Insurance Company (U.S.) (Lansing, MI). Product offerings may not be available in all states and may vary depending on state laws and regulations.
SLPC 30664 03/21 (exp. 03/23)