We’re financially strong

COVID-19 has brought many challenges to everyday lives. Along with being a worldwide health issue, it’s also affected global markets. Sun Life is a financially strong company and we’re here for you.

We’ve built the foundation of our business on managing risks that may happen due to economic changes. We also have 155-years worth of experience to back it up.

We’re financially strong. Our strength is:

  • In our strong capital position. We have a healthy level of capital to meet our financial commitments to Clients.
    • Sun Life’s Life Insurance Capital Adequacy Test (LICAT) ratio is 143% – well above the minimum. (This is our LICAT ratio as of December 31, 2019.)
    • The LICAT ratio measures a company’s ability to meet its obligations. Regulators use the LICAT to review an insurer’s financial condition. The minimum required is 90%.
  • In our strong balance sheet. Our investment portfolio is high-quality and well diversified by asset type, sectors and ratings.
  • Reflected in our ratings. Rating agencies provide opinions on a company’s financial strength and their ability to meet its responsibilities to their Clients. We’re proud to say that Sun Life’s ratings as a public life insurance company are amongst the best in North America. Our high ratings indicate that Sun Life is well prepared to meet its financial obligations to its policyholders, investors and shareholders.

Visit our Ratings page for more specific details about our financial strength and ratings.

What’s Sun Life doing for Clients and communities

We’re providing updates on COVID-19.

We’re making sure that we’re staying in touch with our Clients in Canada. Through our sunlife.ca/Covid-19 updates and Lumino Health Platform, we’re offering all Canadians access to trusted sources for the latest updates related to COVID-19.

We’re continuing to make your health and well-being a priority.

We’re helping to keep our teams, Clients and our communities safe and reduce the rate of infection. That’s why we’re closely monitoring developments around the virus. In doing so, we’re continuing to adjust our processes, practices and procedures as the situation changes.

We’re staying committed to worldwide communities.

As the COVID-19 pandemic continues, Sun Life will be donating $1 million to support health care, elder care and address food security needs.

Learn more about how we’re helping charities in the markets in which we operate.

We’re continuing to connect with our Clients.

Most of our employees are now working from home and connecting with Clients through phone or video chat. This way, we can continue to be there for our Clients and help them through this emotional time.

Now, more than ever, is the time to support and take care of each other. As an organization, we’re committed to doing the same.