Family insurance refers to a mix of life insurance and health insurance solutions that may help protect the people who depend on you. They can help provide money if you die or get seriously ill. The right mix depends on your financial goals and your personal situation.
Sun Life offers several insurance solutions that may work together, depending on what you want to protect. Here’s a quick breakdown of what we offer:
There are two common options you can compare and consider. Depending on your situation, you may need one or both types of life insurance.
Term insurance covers the years when financial obligations tend to be at their peak. Permanent insurance covers your entire life, including your final expenses, and leaving an estate or a legacy. Some families carry both so their coverage can grow with them over time.
Health insurance solutions can help with various health-related issues. Some products can help cover the cost of medical expenses while others can help financially protect you if you become seriously ill. Here’s how:
You can get started in the way that works best for you:
Quick, simple, on your schedule
Get a quote and apply for coverage across a range of insurance options. Choose protection that fits your needs.
Advice on demand, right when you need it
Talk to a licensed Prospr by Sun Life advisor who can answer questions, help choose the right coverage and guide you as you apply for the right plan.
Dedicated advice for the long run
Build a long-term connection with a Sun Life advisor who can help you choose the right coverage and adjust it as your life evolves.
Whether you’re buying a home or having a child, you’ll want to have peace of mind when it comes to your family. The right coverage can help financially protect your loved ones during any stage of life.
Insurance can help if you die or become seriously ill. This may reduce pressure on the people who rely on you and help your family stay on track.
You can choose one type of coverage or have multiple policies to help provide financial protection for yourself and your loved ones as your life changes or family grows.
Term life insurance is often the most affordable option for families because it can help provide coverage for a set term, and the premiums may be lower than many permanent policies. However, the right choice depends on your budget, your family’s needs and how long you want coverage to last. Connect with a Sun Life advisor for more detailed information.
There is no one-size-fits-all product when it comes to getting insurance for your family. Some people start with term life insurance because it can help provide coverage for temporary needs and then add additional coverage (e.g. critical illness insurance, personal health insurance, etc.) later on, if necessary. If you need help comparing options for your family, connect with a Sun Life advisor
Family insurance solutions are often used to help protect the people who depend on your income or your care. They can help cover living costs, debts, final expenses or health-related gaps, depending on the life and health insurance coverage you choose. The right mix depends on your situation. Connect with a Sun Life advisor for more detailed information.
Common moments to review your coverage include having a child, buying a home, taking on significant debt, or changing jobs. Coverage that fits your needs at one stage of life may not fully fit the next. Learn when to get life insurance and protect yourself from common health insurance mistakes when reviewing your options.
Here’s a quick look at common types of insurance available in Canada and what their differences are.
Dental insurance, included in a personal health insurance plan from Sun Life, can help you manage dental costs including cleanings, braces, crowns and more.
Explore life moments that may be a good time to get coverage or review your existing coverage.
This information is meant for educational and illustrative purposes only. Some conditions, exclusions and restrictions may apply.
Reviewed by Amir Pourzakikhani
