- Interested in lifetime coverage, and premiums that don't change
- Looking for a permanent guarantee that will help protect your family, cover the cost of your funeral and let you make plans for your estate
Permanent life insurance is often called whole life insurance because it covers you for your whole life. It gives your beneficiaries a tax-free payment after you die. Some plans can build cash value over time.
Permanent insurance costs are usually guaranteed not to increase from the time you first buy the policy. And some permanent insurance plans let you pay for a limited time and then never again. Universal life and participating life are other forms of permanent life insurance that you may want to consider.
|Product features||SunSpectrum Permanent Life II
||Sun Permanent Life
||Sun Life Go Guaranteed Life Insurance|
|Get a quote & apply||
Get a quote on SunSpectrum Permanent Life II through an advisor:
Get a quote on Sun Permanent Life Insurance through an advisor:
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|Payment options & Issue ages Issue age is the age range you must fall within to buy the policy. 10, 15 and 20 pay and pay to age 95 plans mean you pay for your life insurance for 10, 15 or 20 years, or to age 95. If your payment type is life pay or level for life you will continue to pay the premiums for your insurance until age 100 or your death.||
|Coverage options You can choose a policy that covers just yourself (single life), or 2 people -- typically yourself and your spouse or partner (joint policy). For a joint policy, you choose when we pay the death benefit and how long you pay your premiums. For example, the death benefit is paid when the first person dies on a joint first-to-die policy.||
|Guaranteed cash values Guaranteed cash value is money that is guaranteed to build in some policies over time. It's not part of your death benefit.||N/A|
|Cash value accessibility You can borrow against your policy's cash value.||N/A|
|Underwriting Your insurance cost will depend on your health and lifestyle. You may need to answer some questions and we may require additional information such as urine and/or blood tests. The more information we ask for and you provide can lead to more affordable rates for your coverage. In some cases where you may have a condition, providing additional information helps us determine your eligibility for coverage.|
|Optional benefits Some life insurance plans offer optional benefits so you can customize your coverage.|
|Living benefit (in case of terminal illness) You can apply for an advance of up to 50% of your death benefit, to a maximum of $250,000 if you have a terminal illness and aren't expected to live more than 24 months.|
|Guaranteed return of premium on death||All premiums paid for your policy will be added to the death benefit||All premiums paid for your policy will be added to the death benefit||N/A|
Permanent life insurance may be a good choice if you are:
Get a quote on Sun Life Go Guaranteed Life Insurance
Permanent life insurance can be a key part of your financial plan. Speak with an advisor to determine the right life insurance for your needs or get a quote online.
Get more protection with critical illness insurance
Backing up your permanent life insurance policy with critical illness insurance gives you and your family more protection, whatever your future holds.