Includes a non-contractual living benefit where the insured may be eligible to take a 50% advance of the coverage amount, in the case of a terminal illness, up to a maximum of $250,000.

All terms offer optional benefits such as children’s insurance riders, waiver of premium on total disability, guaranteed insurability, and accidental death benefit.SunTerm 10 and SunTerm 15 are exchangeable for SunTerm 20 or SunTerm 30 should your coverage needs change.Offered in 10, 15, 20 and 30-year terms with guaranteed level premiums.Sun Life’s standard product, with features you would find in most term life insurance plans. Sun Life Insurance offers four different term life insurance products: SunTerm Types of term life insurance policies Sun Life Insurance offers

Better Business Bureau Accreditation and Rating: No / A+įind out more insurance facts about the biggest life insurance companies in Canada.Key facts about Sun Life and Health Insurance Company The company has 37,000 employees and distributes its products through more than 112,000 advisors.Īpart from insurance, Sun Life Assurance Company of Canada is a major player in the wealth and asset management market, with over $1 trillion CAD worth of assets under management (AUM) across the world. In 1979 the company shifted its headquarters from Montreal to Toronto. Today the company is a leading global financial organization with operations in a number of markets worldwide including the U.S., the U.K., Ireland, Hong Kong, Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. The company was started in Montreal, Quebec, as The Sun Insurance Company of Montreal. When in doubt, contact Sun Life directly for confirmation.Sun Life Financial, Inc., founded in 1865, is one of the largest life insurance companies in the world. Other red flags that indicate a scam include: poor spelling and grammar in the job advertisement telephone numbers and email addresses not attributable to Sun Life and interviews using instant messenger. Please know that Sun Life will never ask for financial information or up-front fees as a requirement to obtain a job. They may tell you that the information is needed for so-called up-front fees or payment for job training or other work materials. Their goal is to get you to share your bank account, credit card or other personal or financial information. Some fraudsters may also reach out to you unsolicited via text, phone call, Skype or other means. The false jobs are advertised through various means, including newspapers, magazines, fake websites and legitimate recruitment websites. There are a number of ongoing job scams in which fraudulent people pose as employees of companies like Sun Life and falsely offer jobs.

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