Sun Life Go Guaranteed Life Insurance

Buy guaranteed life insurance online

Get up to $25,000 of life insurance coverage with no medical questions asked. You can cancel the coverage at any time.

Get a quote & apply

What’s the difference between buying life insurance online and buying it from an advisor?

Policy details:

Eligibility

• You must be between 30 and 74 and live in Canada.

Guaranteed premiums

We guarantee that your monthly payments will stay the same until you turn 95. At that age, you stop paying but your life insurance stays in force.

Coverage amounts

• $5,000, $10,000, $15,000, $20,000, or $25,000

What we don’t cover and when we limit coverage

• If you don’t provide accurate information when you apply, your insurance could be cancelled or claims denied.
• If you apply for Sun Life Go Guaranteed Life Insurance more than once, we’ll only cover you for up to $25,000 in total.

Specific to the first 2 years of coverage

We will not pay the death benefit if the insured person dies within two years of the later of:

• the most recent date the application for this policy was signed,
• the policy date, shown on the Policy Particulars page, or
• the most recent date your policy was put back into effect if it has been reinstated

Within the first 2 years, if you die for any reason other than an accident, we will not pay the claim. We’ll refund the premiums paid, less any administrative fees. This means if the death is directly or indirectly caused by or associated with the insured person:

• causing themselves bodily injury, regardless of whether the insured person has a mental illness or understood or intended the consequences of their action(s)
• taking any drug, unless the drug was taken as prescribed by a licensed medical practitioner
• operating any vehicle or engaging in any activity while their blood alcohol level is more than 80 milligrams of alcohol per 100 milliliters of blood

Find more exclusions and limitations in the Sun Life Go Guaranteed Life Insurance sample policy.

30-day free look

If you need to cancel your new policy within 30 days of receiving it, we'll give you a full refund.

How guaranteed life insurance works

Sun Life Go Guaranteed Life Insurance is permanent life insurance. You’re covered for the rest of your life - as long as you keep paying the monthly premiums.

Cost:

• The more information you provide about yourself, the less an insurer typically charges you for insurance.
• We don’t ask any questions about your health when you apply. That means it typically costs more than other types of life insurance that do require health information.

Keep in mind

• Life insurance protects your family (or whomever you choose as your beneficiary) if you lose your life.
• You may end up paying more in premiums than the actual death benefit that goes to your beneficiaries.
• For example, you're age 48 and buy $25,000 of Sun Life Go Guaranteed Life Insurance for $60 per month. By the time you reach age 82, you'll have paid more than $25,000 in monthly premiums. This is more than the policy will pay as a death benefit. If you die before age 82, you'll have paid less for your death benefit.
• You can cancel your policy at any time by sending a written request by mail to:

Sun Life Assurance Company of Canada

P.O. Box 2001, Stn Waterloo

Waterloo ON N2J 0A3

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