Sun Life, also known as Sun Life Assurance Company of Canada, is one of the oldest and most financially stable carriers in the entire industry. With over 140 years of history and millions of customers worldwide, Sun Life can be considered amongst the best life insurance companies. Their core values are Integrity, Engagement, Customer Focus, Excellence, and most importantly, Value. The following products are offered by Sun Life:
Sun Universal Protector – A universal life insurance policy with death benefits and premiums fixed and guaranteed for life, all the way up to age 121. Coverage will never lapse as long as premiums are paid on time and in full, and there are no loans against the cash value. Consistently one of the lowest priced fully guaranteed universal life products on the market.
Sun Universal ProtectorPlus – Similar to the Universal Protector policy, but with higher premiums and greater cash value accumulations.
Sun Survivorship Universal Life – A survivorship universal life insurance policy with death benefits and premiums fixed and guaranteed to age 121. This policy insures the lives of two people (usually husband and wife) and only pays upon the second death. Premiums are much less expensive than a standard universal life policy, and survivorship programs are most often used for estate planning purposes to help pay the estate tax. Features an estate preservation benefit that pays out additional money if both spouses die in the first four years of the policy (helps reduce the impact of the “three year contemplation of death” rule).
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