Solid short-term protection

SunSpectrum Basic Life Insurance provides term insurance coverage in amounts between $50,000 and $500,000 for 25 years or until age 65. Premiums are guaranteed not to increase for the term and while the policy is not renewable it may be converted to permanent insurance (whole life insurance) within certain age limits.

You should consider this product if:

  • You need affordable protection for not more than 25 years – for example, while your children grow or until your mortgage is paid
  • You only need between $50,000 and $500,000 coverage and want guaranteed premiums
  • You want the flexibility to convert your term life insurance coverage to a permanent life insurance policy if your needs change

Plan details:

Guaranteed premiums

Your premiums are guaranteed for 25 years or to age 65, whichever comes first.

Guaranteed conversion

Guaranteed conversion to permanent insurance at any time regardless of the insured person's health, occupation or lifestyle until the policy anniversary following the insured person's 65th birthday (the older person's 65th birthday for joint plans).

Guaranteed death benefit

Death benefit is guaranteed not to change for the term you choose.


Policy is not renewable.

Minimum amount

  • $50,000

Maximum amount

  • $500,000

Terms available

  • 25-year coverage for ages 18-40 and coverage to age 65 for ages 41-50

Additional benefits

If the insured person is diagnosed with a terminal illness, you may be eligible to take a lump sum advance equal to 50% of the death benefit, to a maximum of $100,000. This is a non-contractual benefit offered by Sun Life Financial at our discretion.
This protects the surviving insured person – allowing them to purchase a new insurance policy within 31 days of the first death, regardless of their health, lifestyle or occupation.
If both insured persons die at the same time, or within 90 days of each other, the death benefit will be paid twice.

Optional benefits

The disability waiver benefit waives premium payments and maintains the insurance if the insured person becomes totally disabled.
You can purchase basic critical illness insurance for additional protection.

Sample policies

Read examples of text that can appear in a policy. Not all the provisions apply to every policy – it is for your reference. When we issue a policy it governs the relationship between us and the client. The policy can have provisions that are different from those that you've read here.

 SunSpectrum Basic Life Insurance (single coverage)

 SunSpectrum Basic Life Insurance (joint first-to-die)