Enhancements include more than $3 million in available HIV life coverage and simplified application process for clients
TORONTO, Nov. 21, 2016 /CNW/ - Sun Life Assurance Company of Canada ("Sun Life") today announced significant individual insurance underwriting changes and enhanced life insurance products
The changes include:
"This collection of underwriting and product enhancements represents some of the most comprehensive changes made in the industry in over a decade," says Kevin Dougherty, President, Sun Life Financial Canada. "As part of our strategy, we are strengthening our commitment to making it easier for clients to plan for lifetime financial security and well-being. We are focused on continuing to develop innovative solutions that help do just that."
Sun Life continually monitors global medical advances to review underwriting requirements and make the client experience easy and helpful. By removing many underwriting requirements, Sun Life is simplifying the application process for Canadians.
Enhanced life insurance products in Canada
In addition to making the mandatory tax exempt rule changes coming into effect January 1, 2017, Sun Life's individual life insurance products are now even easier to understand and use.
"The new products demonstrate Sun Life's commitment to understanding Canadians' needs, and will provide them with a more comprehensive suite of insurance solutions that offer flexibility as their needs change throughout their lifetime," says Mr. Dougherty.
Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2016, the Sun Life Financial group of companies had total assets under management of $908 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to Editors: All figures in Canadian dollars.
Media relations contact:Amanda RobinsonSun Life [email protected]
SOURCE Sun Life Financial Canada
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