Few details are listed online about Sun Life’s term life insurance coverage. The policies have a guaranteed issue up to a certain unlisted amount and then simplified issue after that if you want to purchase more coverage. Sun Life offers group term life insurance that’s convertible to permanent policies. Term life insurance is a great option when you need a guaranteed death benefit for a limited number of years to protect your family or pay your mortgage during your main earning years. To find out the cost or if these benefits are available, you will have to contact your HR representative. If not, your employer may make them available to purchase as policy add-ons. If your employer purchases these benefits as part of your coverage, they will be included in your plan. You or your employer can also add services like emergency travel assistance, identity theft protection, online will preparation, work-life services, and employee assistance programs to your policy. While Sun Life doesn’t list what they require, most insurance companies will ask you to fill out an online form or submit medical files.Īll policies include the capacity to convert your term life insurance policy to a permanent policy and there are portability options for your policy in most states. There is a portion that is guaranteed issue, but it requires evidence of insurability if you require more coverage. Note, though, that the amount covered by your employer varies based on the plan and coverage amount selected by your employer. The policies feature both basic and supplementary coverage options with a baseline amount typically covered by your employer. Sun Life offers term, whole, and universal plans through employers. Sun Life is licensed to sell its group plans in every state, but not all product offerings or options are available in every state. office in Wellesley Hills, Massachusetts, and offices in the UK, Hong Kong, Mumbai, and many other locations. Headquartered in Toronto, Ontario, the company also has a U.S. Sun Life was founded in Canada in 1865 and is now an international financial services and insurance company that offers group benefits to employers in the U.S. We reviewed Sun Life’s policy offerings, riders, pricing, customer service, industry ratings, and more to help you decide if their policies are right for you. Sun Life does not sell plans to individuals, but its coverage is portable. Sun Life offers term, whole, and universal life insurance products as part of supplementary benefits group plans that include other services like disability coverage, dental insurance, supplementary health benefits, vision insurance, and paid medical and family leaves.
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