Sun Life Go Term Life Insurance

• Payments always stay the same for the length of the term.
• When your policy automatically renews, your monthly payments will increase. This is because you’ll be 10 or 20 years older.
• Automatic renewals are for the same term length.
• You don’t have to answer any health questions.
• We’ll notify you of the renewal at least 30 days in advance.

• If you’re healthy and age 40 or under, you can skip medical exams.
• If you're healthy and between the age of 41-50, you can skip medical exams if you're applying for coverage up to $500,000.

There are some exceptions to the above. A medical exam is required if:

• You answer “yes” to any of the health questions, or
• Specific information is found in your Medical Information Bureau record.

Yes, you get free temporary insurance while we review your application.

Temporary coverage starts from they day you apply for policies with protection between $50,000 - $1,000,000. Coverage can last up to 90 days, and exclusions apply. Your temporary insurance will expire if you don’t respond to requests for additional information within 30 days. 

If you die before we let you know of our decision on your application, we could still pay the claim. The payout will be equal to the amount of life insurance you would’ve been approved for. The payment is dependent on the conditions and exclusions in the sample policy.

When the temporary insurance policy starts

The temporary insurance policy starts on the date you:

• submit an application for insurance, and
• provide the payment information.

A decision to accept or decline your application may take up to 90 days. During this time your temporary insurance coverage will apply.

When the temporary insurance policy ends (termination)

The temporary insurance policy automatically ends on the earliest of:

• the date the insurance applied for starts,
• the date we tell you that your application for insurance is declined,
• 30 days after we asked for more information to underwrite your application and did not receive your response,
• 90 days after you submit your application for insurance,
• the date you ask us in writing to cancel your application for insurance,
• the date you decline our offer of insurance or,
• the date we pay the death benefit.

Amount we pay under this policy (conditions)

If you are under age 69, the total amount of any death benefit payable under any Sun Life Go life insurance policies is the lesser of $1,000,000 or the total amount of any death benefit applied for under this application.

Sample Certificate of Temporary Insurance

This benefit is offered on Sun Life Assurance Company of Canada life insurance products and is a non-contractual arrangement that we may approve at our discretion on a case-by-case basis. If an insured person is diagnosed with a terminal illness, an application can be made by the policy owner for a lump sum advance of 50% of the insurance amount, to a maximum of $100,000. The lump sum, plus interest, is deducted from the death benefit when paid. This benefit follows the rules of the living benefit program in effect when the policy owner applies to receive the benefit.

The person making the claim must do so as soon as reasonably possible after the person covered by the policy passes away. To make a claim:

1. Call us at 1-800-669-7921 as soon as reasonably possible. This number is also listed at the beginning of the insured person’s policy. We’ll send you a form to complete.
2. Fill out the form and mail it to us at the address listed on the form. Be sure to include any information we ask for to assess the claim. This will include proof that the insured person passed away while the policy was in effect.

Some things to keep in mind:

• Doctors may charge a fee to fill out certain forms. The person making the claim is responsible for covering any fees.
• After receiving proof required, within 30 business days we'll assess the claim and if approved, we'll pay the claim.