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Two limited-time offers. Unlimited peace of mind.

Meet with an advisor

Life is unpredictable. Protecting what matters most shouldn't be complicated, or expensive. Choose the special offer that fits your needs and save while you do it. Don’t miss out, both offers end July 31, 2026.

Curious how much you could save? Our advisors would be happy to help.

Term + Perm Special Offer

Purchase term life insurance and permanent life insurance together between April 27 – July 31, 2026, and receive:

10% discount for the length of the policy on Permanent Insurance premiums

This isn't a temporary discount, it lasts as long as you hold your policy. That could potentially mean thousands of dollars in savings over your lifetime.

Sun CII Special Offer

Purchase Critical Illness Insurance (CII) between April 13 – July 31, 2026, and receive:

  • For Adult Coverage:
    • Money back1: 3 months of premiums
      (25% of first year’s premiums)
  • For Child Coverage:
    • Money back1: 6 months of premiums
      (50% of first year’s premiums)

1 Money back after the policy has been in-force for one year

Which offer fits your situation best?

Feature Term + Perm Special Offer Sun CII Special Offer
What you save Save 10% for the life of the policy on the permanent insurance premiums

Adult policy: 25% of first year’s premiums

Child policy: 50% of first year’s premiums
Timeline Immediate, for the life of the policy One-time premium return once the policy has been in-force for one year.
Coverage type Death benefit Covered critical illness or condition

Sun Critical Illness Insurance provides a tax-free2 lump-sum payment if you're diagnosed with one of 26 life-altering illnesses.

This money is yours to use however you need:

  • Mortgage or rent payments while you recover
  • Experimental therapies not covered by provincial health plans
  • Childcare or household help during recovery
  • Income replacement if you can't work
  • Any expense you choose—no restrictions

Check out this video on Critical Illness Insurance

2 Based on current tax laws, benefit payments from a critical illness insurance plan are not taxable when the premiums are paid for by the plan member and the benefit is payable to the plan member. We recommend consulting a qualified tax expert for the most accurate advice.

Term life insurance is an affordable life insurance policy that gives you financial protection for a set period.

  • Evolve Term life insurance offers flexible insurance coverage. You get to choose how long you want your term policy to last – it can be anywhere from 5 to 40 years.
  • Coverage you may qualify for is available in amounts between $50,000 to $25 million

Check out this video on Term Life Insurance

It's a type of life insurance that gives you lifelong coverage to help protect your loved ones with cash value accumulation. Simply put, your coverage never expires, no matter your age, health, or history.

Ideal for:

  • Estate planning – Help ensure your legacy, pay estate taxes efficiently
  • Final expenses – Cover funeral costs, outstanding debts, medical bills
  • Wealth transfer – Leave a tax-efficient inheritance for your children or grandchildren
  • Charitable giving – Create a legacy gift to your favourite causes
  • Retirement supplement – Access cash value during retirement if needed

Check out this video on Permanent Life Insurance

Both offers provide valuable protection and savings, but they serve different needs. Together, they offer comprehensive coverage at a discount. An advisor can help you choose what’s best for your situation.

Terms and Conditions

  • If you apply for a Sun Critical Illness policy between April 13, 2026, to July 31, 2026, you may be eligible for a premium discount. Adult policies (ages 18+) will be eligible for a 3-month premium discount, and juvenile policies (ages 17 and under) will be eligible for a 6-month premium discount
  • Your Sun CII policy(ies) must remain in force for one year to be eligible for the premium discount. The eligibility window begins from the issue/anniversary date.
  • Your Sun CII policy(ies) can be backdated up to 6 months.
  • Conversions from a T10 to a T75 or T100 Sun CII are not eligible. The premium discount only applies to new business applications.
  • If you have chosen optional benefits (e.g. ROPC/ROPD, Disability waiver etc.), the costs for the optional benefits will also be included in the premium discount.
  • The premium discount will be reflected in the terms of the policy(ies) receiving the discount. This will be reflected in a policy amendment sent at the same time as the cheque.

  • If you apply for a Sun Life Evolve Term (‘Term’) policy and either a Sun Permanent Life (‘Perm’) or SunSpectrum Permanent Life II (Perm) policy at the same time through Sun eApp, between April 27th, 2026, to July 31st, 2026, you will be eligible to receive a 10% premium discount on the Perm policy (the ‘Special Offer’).  
  • NOTE: Due to a system requirement, a percentage reduction must be applied to the Term policy in the bundle when a lifetime discount on Perm is activated. For this reason, you will also receive a nominal 0.01% premium reduction on the Term policy in the bundle. This premium reduction will appear as a premium discount and will be subject to the same terms and conditions as the 10% premium discount on Perm provided with this Special Offer.  
  • Applicable premium discounts will be automatically applied upon application submission and will only be retained if both the Term and the Perm policies have been approved by our underwriting team and accepted by you after the underwriting process is completed.  
  • This Special Offer consists of one Term policy and one Perm policy. If you are applying for multiple Term or Perm policies, must choose which Term and Perm policy to combine into the Special Offer. 
  • All ownership types, individual, corporate and joint are eligible for the Special Offer. You must have either the same owner or the same insured on both the Term and Perm policies.  
  • The Perm premium discount will apply to the premium associated with the base coverage, any ratings, and all optional benefit costs (i.e., Accidental Death Benefit) except for Term Insurance Benefit costs. Any premium associated with a Term Insurance Benefit will receive the 0.01% Term reduction. 
  • The Term premium reduction will apply to the premium associated with the base coverage, any ratings, and all optional benefit costs. 
  • Premium discounts will be reflected in the terms of the policy receiving the discount. 
  • If any eligible policies within the Special Offer lapse for non-payment or are canceled the Perm and Term policy premium discounts will end.  
  • If the Term policy in the Special Offer is partially or fully converted or replaced after purchase, the discount on the Perm policy will remain. The premium reduction on Term will remain only on the portion of the Term policy that remains.  
  • If the Perm policy in the Special Offer is reduced after purchase, the discount will remain on the portion of the Perm policy that remains. The premium reduction on Term is not impacted.  If the Perm policy in the Special Offer is replaced after purchase, the discount will end on the date the new policy takes effect. The premium reduction on Term is not impacted. 
  • If the Perm policy has a Term Insurance Benefit and it is partially or fully converted or replaced after purchase, the discount on the Perm policy will remain. The premium reduction on Term is not impacted. 
  • Achievers Term, Essential Term, 1-year Bridge Term, Simplified Issued Term, and Sun Life Go Term are not eligible Term product types for this Special Offer. Sun Lifetime Alternative, Sun Simple Solutions, Sun Life Go Guaranteed Life Insurance, SunSpectrum UL II, Sun UL II, Sun Par Protector II, and Sun Par Accumulator II are not eligible Perm product types for this Special Offer.