In exchange for a lump sum premium, Sun Life assumes responsibility for making pension payments to the covered group (which can include retirees and deferred members) and issues individual certificates to each member. We provide administration services and communications support, including a member call centre and distribution of annual tax forms directly to members
What are advantages of annuity buy-outs for plan sponsors?
$5.2 billion in group annuity sales in 2019
112 annuity buy-in transactions sold in Canada, covering $9.3 billion of liabilities as of March 31, 2020