SunSpectrum Term - Includes
If an insured person is diagnosed with a terminal illness, an application can be made for a lump sum advance of 50% of the death benefit, to a maximum of $100,000. The lump sum, plus interest, is deducted from the death benefit when it is paid.
This benefit will follow the rules of the living benefit program in effect when the insured person applies to receive the benefit.
This benefit is offered on all Sun Life Assurance Company life insurance products and is a non-contractual arrangement that may be approved by the company, at its discretion, on a case-by-case basis.
This allows you to deposit extra money into your policy. If you need to take a break from paying premiums, the money you previously deposited can help pay the premiums for you.