Sun Life Financial
- Life Insurance
Sun Life Financial
Life Financial is a leading international financial services
organization focused on providing financial services to individuals
and businesses throughout their lifetime.
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
Why Life Insurance?
your family maintain its standard of living after youıre 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 youıve worked hard to establish will continue on with
Sun Life Financial. Sun Life Financial Life insurance can
help you accomplish all of these goals.
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 familyıs
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
important to first gather your personal financial information
and carefully assess your familyıs 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, youıll
then need to determine what type of insurance works best for
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. Youıll also need to determine if
youıll prefer a single-life policy, where your life is the
only one that is insured, or whatıs 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
Sun Life Financial Term life insurance is usually the most
affordable life insurance option available, particularly at
younger ages. It allows you to provide protection for your
family for a specified amount of time, typically ten or twenty
years. It provides temporary coverage and builds no cash value.
There are different types of term policies; some have a premium
that increases annually, while others provide coverage for
a specific period of time with a level premium. And when your
needs change, many term policies can be converted to permanent
Life Financial Whole life, or permanent, insurance is aptly
named - it offers coverage for your whole life, rather than
just for a designated period or term. A level premium is paid
annually to keep the policy in effect and provides the policy
benefits, including a cash value that increases over the years.
The cash value may also grow through dividends that are credited
to policies that participate in the companyıs general account
performance. The cash value of the policy can be accessed
via policy loans or partial surrenders, to provide funds during
your lifetime when you may need them - to assist with expenses
such as a college education or mortgage.
Sun Life Financial Universal life insurance is permanent insurance
with the flexibility to meet a variety of needs. Like whole
life insurance, it builds cash value. In addition, it allows
you to vary the amount and/or timing of premium payments,
as well as to adjust the death benefit amount, within certain
limits, to adapt to your changing needs. Your premiums fund
the benefits of the policy. A portion of your premium goes
to covering the cost of your coverage, while the balance goes
into an account value fund, to which interest is credited
and from which other ongoing policy charges are deducted.
Universal Life Insurance
Flexibility is having the time to relax and think about how
to spend your day with family and friends and not figuring
out how to meet your complex financial planning needs. The
Sun Life Financial group of companies lets you do just that.
Sun Life Financial offer lifetime solutions to help you secure
your future, so you can spend your day doing whatever you
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.
To pay estate taxes and efficiently transfer your wealth
from one generation to the next.
To ensure that your business can continue; or, as part
of an overall benefits package, to attract and retain key