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SunSpectrum Permanent Life II insurance provides simple, straightforward coverage that lasts a lifetime. It provides a guaranteed death benefit, guaranteed cash values and guaranteed premiums to help give you peace of mind.
$25,000 for all ages
Policy loans are an easy way to access the cash value of your policy. You can request a policy loan at any time if there is enough total cash value in your policy. A variable interest rate is charged on the amount you borrow. You can repay your loan at any time without penalty. If you do not repay the policy loan, the outstanding loan balance will be deducted from the total death benefit of your policy. Policy loans may be subject to taxation.
If the insured person is diagnosed with a terminal illness, you may be eligible to take a lump-sum advance equal to 50% of the death benefit, to a maximum of $250,000. This is a non-contractual benefit offered by Sun Life Financial at our discretion.
Within 90 days of the death of the first insured person, the surviving insured person may buy life insurance to replace the joint coverage without providing medical evidence of insurability.
The base coverage amount is paid out twice if both insured persons die together or within 90 days of each other.
This benefit lets you purchase additional protection to cover a temporary need. You can also purchase this benefit to cover another person, such as a spouse, family member or business partner. You can renew this benefit and convert it to permanent insurance without providing additional medical evidence.
The guaranteed return of premium on death benefit offers an increasing death benefit. Any premiums paid for the policy are included in the death benefit and paid to the beneficiary tax free on the death of the insured person.
This benefit continues coverage if the insured person becomes totally disabled. You will not have to pay premiums for your insurance and any optional benefits.
With this benefit, if the policy owner dies, we will pay the premiums for the insurance and any optional benefits.
With this benefit, if the policy owner becomes totally disabled, we will pay the premiums for the insurance and any optional benefits.
This benefit combines the coverages provided by the Owner waiver death and Owner waiver disability benefits. When both benefits are purchased a discount is applied to the benefit premium. .
Provides an additional death benefit to the beneficiary if the insured person dies due to an accident.
Provides insurance protection for your children and future children until each child reaches age 25. Your children insured under this benefit will be able to purchase additional insurance without providing additional medical information.
This benefit allows an insured person to buy more life insurance in the future, without providing medical evidence of insurability.
This benefit was designed specifically for business owners. It allows the purchase of additional insurance for insured persons without providing medical evidence. Financial information about the business must be provided that includes details about the fair market value of the business.
Read examples of text that can appear in a policy. Not all the provisions apply to every policy – it is for your reference. When we issue a policy it governs the relationship between us and the client. The policy can have provisions that are different from those that you've read here.
SunSpectrum Permanent Life II (one insured person)
SunSpectrum Permanent Life II (joint first-to-die)
SunSpectrum Permanent Life II (joint last-to-die - premiums to second death)
SunSpectrum Permanent Life II (joint last-to-die - premiums to first death)
Get permanent life insurance
To get the most out of the meeting with your advisor, take some time beforehand to think carefully about what you want to achieve. And because your advisor will need a lot of information to help recommend the policy that's right for you, get together some basic information about your income, assets and liabilities.
Your advisor will handle the paperwork for you. You'll need to submit an application for a policy that will be evaluated by the insurance company. Depending on your age and the type and amount of coverage you want, you will need to answer a medical questionnaire. We may also ask you for additional medical or financial information.