SunTerm Life Insurance

Substantial protection with flexible options

SunTerm Life Insurance coverage is available in amounts of $250,000 to $15 million for terms of 10, 15, 20 or 30 years. Premiums are guaranteed and the policy is renewable until the policy anniversary nearest age 85 or may be converted to permanent insurance until the policy anniversary nearest age 75.

Plan details:

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 of 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.


Policy is renewable until the policy anniversary date nearest the insured person's 85th birthday.

Minimum amount

  • $250,000

Maximum amount

  • $15,000,000

Terms available

  • 10, 15, 20 or 30 year renewal terms are available, depending on the insured person's age

Additional benefits

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.

Optional benefits

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 continues coverage if the insured person becomes totally disabled. You will not have to pay premiums for your insurance and any optional benefits.

This benefit allows an insured person to buy more life insurance in the future, without providing medical evidence of insurability.

If you choose this benefit, an additional death benefit will be paid to the beneficiaries if the insured person dies as a result of an accident.

This benefit allows clients to pay a small additional premium today to have lower renewals and more affordable premiums in the future compared to a SunTerm 10 plan without this benefit.

With this benefit, if the policy owner becomes totally disabled, we will pay the premiums for the insurance and any optional benefits.

Designed for businesses with three or more partners, this benefit provides guaranteed insurability if one of the business partners dies. The benefit allows the policy owner to purchase additional life insurance on the surviving insured business partners after the death of the first insured without providing medical evidence.

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.

Sample policies

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.

 SunTerm life insurance (one insured person)
 SunTerm life insurance (joint first-to-die)

Additional benefits

 SunTerm life insurance - Optional benefits

Get term life insurance

  • Step 1
    Find an advisor

    An advisor can help you determine the right life insurance for your needs. Talk to your advisor or find one near you to help answer your questions – there is no cost to talk to an advisor.

    Find an advisor

    How advisors help


  • Step 2
    Meet with your advisor

    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.

  • Step 3
    Apply for coverage

    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.