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My Life Choice FAQs

Frequently asked questions on Sun Life Financial’s My Life Choice plan.

Active employees leaving their group plan, and their covered spouses, are eligible to apply within 60 days of leaving their employee group plan.

You and/or your spouse must be 65 or under to apply.

You can apply for the same amount or a portion of your existing group life coverage, up to a maximum of $1,000,000.

Accidental Death coverage is available up to $250,000, but it cannot be more than the amount of My Life CHOICE coverage you purchase.

Simply call Sun Life Financial at 1-877-893-9893 to speak with a licensed Financial Services Consultant who will guide you through the process over the phone.

No. The Financial Services Consultant will ask you a few health questions to help determine what level of coverage you are eligible for.

It’s quick! Your call should take about 15 minutes.

Yes, you must apply within 60 days following the termination of your group life coverage.

It’s easy! You can choose to pay monthly by pre-authorized debit (PAD), or by credit card.

Product details

Type of insurance
Yearly renewable term insurance.

Renewal
The insurance will renew automatically every year – there is nothing for you to do. You will receive a renewal notice each year along with a letter advising you of any increase in rates or plan changes. This insurance is renewable until the policy anniversary following your/your spouse’s 80th birthday.

Termination
The life insurance ends on the earlier of: the policy anniversary following your/your spouse’s 80th birthday, or the end of the period for which premiums have been paid. Accidental death coverage ends on the policy anniversary following your/your spouse’s 70th birthday.

Automatic insurance decreases
(My Life CHOICE coverage only)

The life coverage will reduce by 50% of the amount you were covered for immediately before the policy anniversary of your/your spouse’s 70th birthday.

For example, if you had coverage of $100,000:

At the policy anniversary following your 70th birthday, the coverage would reduce to $50,000 ($100,000 x .50)

Changes to coverage
Simply contact us and we will tell you how to request a decrease. You may not increase you coverage after you’ve received your policy.

My Life CHOICE life insurance is underwritten and issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies.