Longevity insurance

Longevity insuranceWhat is longevity insurance?

Insurance against the possibility that plan members live longer than expected, with Sun Life covering the cost of additional pension payments for longer-lived members.

How does longevity insurance work?

In exchange for monthly premiums, Sun Life makes monthly pension payments into the plan for the lifetime of the covered pensioners. The monthly premiums are determined at contract inception and are locked in. Even if pensioners live longer than expected, Sun Life’s monthly payments will cover the difference.

What are the advantages of longevity insurance for the plan sponsor?

  • Reduced pension volatility
  • Longevity risk protection
  • Retain control of investments
  • Benefit security
  • Flexibility

Access our longevity insurance solution sheet for more details.

Where to start?

Access our longevity insurance quote data requirements.

Contact us for more information.

1Source: Lane Clark & Peacock LLP. as of December 31, 2017.