Flexible coverage for temporary protection
SunSpectrum Term Life Insurance is available in amounts between $50,000 and $15 million for terms of 10, 15, 20 or 30 years. Premiums are guaranteed and the policy is renewable until the policy anniversary nearest age 85 or may be converted to permanent insurance (whole life insurance) until nearest age 75.
You should consider this product if:
- You want affordable term insurance protection that comes with guaranteed premiums
- You are looking to help provide future financial security for your family or beneficiaries
- You have income replacement or mortgage and debt protection needs
- You want to take care of non-permanent insurance needs while staying within a comfortable budget
- You want the comfort of knowing your insurance policy gives you the option to provide lifetime protection if your needs change
- You are a business owner who is concerned with the succession of your company or are looking to protect the value of a key employee
Support questions
Related resources
Plan details:
Guaranteed premiums
Your premiums automatically renew (at guaranteed rates) at the end of your term.
Guaranteed conversion
Guaranteed conversion to permanent insurance at any time regardless the insured person's health, occupation or lifestyle until the policy anniversary nearest the insured person's 75th birthday.
Guaranteed death benefit
Death benefit is guaranteed not to change for the term you choose.
Renewable
Policy is renewable until the policy anniversary date nearest the insured person's 85th birthday.
Minimum amount
- $50,000
Maximum amount
- $15,000,000
Terms available
- 10, 15, 20 or 30 year renewal terms are available, depending on the insured person's age
Additional benefits
Optional benefits
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 Term Life Insurance (single coverage)
SunSpectrum Term Life Insurance (joint first-to-die)
Additional features
Get term life insurance
Step 1
Find an advisor
An advisor can help you determine the right life insurance for your needs. Talk to your advisor or find one near you to help answer your questions – there is no cost to talk to an advisor.
Step 2
Meet with your advisor
To get the most out of the meeting with your advisor, take some time beforehand to think carefully about what you want to achieve. And because your advisor will need a lot of information to help recommend the policy that's right for you, get together some basic information about your income, assets and liabilities.
Step 3
Apply for coverage
Your advisor will handle the paperwork for you. You'll need to submit an application for a policy that will be evaluated by the insurance company. Depending on your age and the type and amount of coverage you want, you will need to answer a medical questionnaire. We may also ask you for additional medical or financial information.