Guaranteed premiums
Your premiums automatically renew (at guaranteed rates) at the end of your term.
Guaranteed conversion
Guaranteed conversion to permanent insurance at any time regardless the insured person's health, occupation or lifestyle until the policy anniversary nearest the insured person's 75th birthday.
Guaranteed death benefit
Death benefit is guaranteed not to change for the term you choose.
Renewable
Policy is renewable until the policy anniversary date nearest the insured person's 85th birthday.
Minimum amount
$50,000
Maximum amount
$25,000,000
Terms available
5 to 40 year renewal terms are available, depending on the insured person's age.
Living benefit
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 $100,000. This is a non-contractual benefit offered by Sun Life at our discretion.
Survivor benefit on joint first-to-die policies
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.
Automatic survivor benefit on joint first-to-die
The base coverage amount is paid out twice if both insured persons die together or within 90 days of each other.
Optional benefits
Child term insurance benefit (CTB)
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.
Total disability waiver benefit
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.
Guaranteed insurability benefit (GIB)
This benefit allows an insured person to buy more life insurance in the future, without providing medical evidence of insurability.
Accidental death benefit (ADB)
Provides an additional death benefit to the beneficiary if the insured person dies due to an accident.
Owner waiver disability benefit
With this benefit, if the policy owner becomes totally disabled, we will pay the premiums for the insurance and any optional benefits.
Business value protection benefit
Gives you the opportunity to increase insurance coverage for your business as it grows in value over time. With the Business value protection benefit, the policy owner can purchase additional insurance coverage based on the increased value of the business without providing medical evidence.
