About Sun Life Financial
Sun Life Financial is a leading international financial services organization focused on providing financial services to individuals and businesses throughout their lifetime.
Tracing their roots back to 1871, today, the Sun Life Financial group of companies and partners operate in key markets worldwide including Canada, the United States, the United Kingdom, Hong Kong, The Philippines, Japan, Indonesia, India, Bermuda and Chile.
Why Life Insurance?
Help your family maintain its standard of living after you¹re gone with Sun Life Financial. Provide needed liquidity to pay estate taxes so that your wealth transfers efficiently from one generation to the next with Sun Life Financial. Ensure that the business that you¹ve worked hard to establish will continue on with Sun Life Financial. Sun Life Financial Life insurance can help you accomplish all of these goals.
Sun Life Financial Life insurance is an important component of a solid financial plan, and helps to protect your loved ones in the event of your death. The money from the policy, referred to as its death benefit, passes on to your designated beneficiary or trust to provide a critical resource for your family¹s financial needs. Life insurance policy proceeds could mean that your family will be able to avoid selling assets in order to pay remaining bills or estate taxes. And with certain types of policies that are designed to accumulate cash values, you may be able to withdraw funds or borrow against the policy, potentially allowing you to take advantage of financial opportunities or to meet unexpected expenses throughout your lifetime.
Getting You Started
It¹s important to first gather your personal financial information and carefully assess your family¹s expected financial needs. This can be done with the assistance of a highly-skilled insurance professional or financial advisor. Once you have determined the amount of life insurance you think you might need, you¹ll then need to determine what type of insurance works best for you.
If your needs are for a quantifiable period of time, such as until a mortgage is paid off or a child graduates from college, term life insurance may work best for you. If you desire coverage that lasts for your whole life, permanent insurance, such as whole life, universal life, or variable universal life, may best suit your needs. You¹ll also need to determine if you¹ll prefer a single-life policy, where your life is the only one that is insured, or what¹s called a survivorship policy, where you and your spouse apply jointly and the life insurance benefits are transferred at the second death.
Sun Life Financial Life Insurance Products
Term Life Insurance
Whole Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
Variable universal life insurance (VUL) is a highly flexible product designed to meet a range of personal, estate and business planning needs. Like other types of life insurance, VUL can provide financial security by creating an immediate estate in the event of your death. These death benefit proceeds can be used in a variety of situations:
• As a source of income to help your family maintain their standard of living.
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