Life insurance is a powerful tool that can help you provide financial protection for your loved ones. If you’re looking for simple coverage that you can get without medical exams, Sun Life Go has 3 options.
Guaranteed Life Insurance
Get lifetime coverage up to $25,000. No medical questions asked. You’re guaranteed to qualify even if you have existing health conditions.
Simplified Term Life Insurance
Get coverage up to $100,000 for the same monthly cost for the first 10 years. There’s no medical exam, but you will have to answer 3 health questions.
Term Life Insurance
Get coverage of up to $1,000,000 if you're 40 or under or up to $500,000 if you're aged 41-50 without a medical exam.**
|
Sun Life Go Guaranteed Life Insurance |
Sun Life Go Simplified Term Life Insurance |
Sun Life Go Term Life Insurance |
|---|---|---|---|
Amounts available |
$5,000 - $25,000 |
$50,000, $75,000 or $100,000 |
$100,000 to $1 million |
Monthly payments stay the same for: |
Life |
First 10 years |
The entire term length – 10-and 20-year terms available. |
When will rates go up? |
Never. After you turn 95 you stop paying but keep your life insurance. |
After the first 10 years, and then yearly after that |
When your policy automatically renews, your monthly payments will increase. This is because you’ll be 10 or 20 years older. (You’ll be notified at least 30 days in advance.) |
Eligibility |
Canadian residents between 30 and 74 |
Canadian residents between 18 and 69 |
Canadian residents between 18 and 69 |
How long will my life insurance last? |
For life, as long as you make your monthly payments. |
For 10 years. After this, the policy automatically renews each year. It’ll continue to renew, and you’ll have coverage until age 85 or until you stop making monthly payments. |
For the 10 or 20 years you choose. After this, the policy automatically renews for another 10 or 20 years. It’ll continue to renew, and you’ll have coverage until age 85 or until you stop making monthly payments.
|
Is temporary insurance included when I apply? |
No |
Yes |
Yes |
When does my coverage start? |
When you submit your application. |
The Sun Life Go Simplified Term Life Insurance policy starts the first day of the month after we approve your application. Temporary insurance covers you for up to 90 days from the date you apply and provide payment information. |
The Sun Life Go Term Life Insurance policy starts the first day of the month after we approve your application. Temporary insurance covers you for up to 90 days from the date you apply and provide payment information. |
Key exclusions. Additional exclusions apply. |
Within the first 2 years, if you die for any reason other than an accident, we will not pay the claim. |
If you take your own life within 2 years of the date your policy takes effect, we won’t pay the claim. |
If you take your own life within 2 years of the date your policy takes effect, we won’t pay the claim. |
Can I renew my policy? |
This policy does not need to be renewed. Coverage will continue for as long as the premiums are paid. |
This policy renews each year after the first 10-year period. We’ll notify you of the renewal at least 30 days in advance. |
Yes, renewals are for the same term length. We’ll notify you of the renewal at least 30 days in advance. |
Cancellations |
Cancel anytime in writing. If you cancel within 30 days of receiving your policy, we’ll refund your money. |
Cancel anytime in writing. If you cancel within 30 days of receiving your policy, we’ll refund your money. |
Cancel anytime in writing. If you cancel within 30 days of receiving your policy, we’ll refund your money. |
Full details |
|||
Download brochure |
|||
Sample policy |
|||
How can you apply? |
Understanding the cost of life insurance
The more information you give related to your health, the less an insurer typically charges for life insurance. We don’t ask any questions about your health when you apply for Sun Life Go Guaranteed Life Insurance. As a result, it can cost more than other types of life insurance that do ask about your health. It's also a higher cost than term insurance because it provides lifetime coverage. If you're in good health, we encourage you to consider applying for a product that requires you to answer health questions or get a medical exam.
If you have any questions, you can speak with a licensed Prospr by Sun Life advisor*** by calling us at 1-844-528-0583, Monday - Friday 8 a.m. - 8 p.m. ET, or by booking an appointment.
Additional benefits
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 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 temporary insurance 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.
This is available to you if you become terminally ill and only have 24 months to live. The payout is up to a maximum of 50% of your insurance amount. Approval for the living benefit is subject to the program rules in effect at the time of your request. Approval is at our discretion. Upon approval of the situation and required documents, we’ll issue the payment. When we receive a death claim on this policy, we’ll deduct the living benefit payment plus interest from the original coverage amount. Your monthly payments will not change. To see if you're eligible please call us at 1-800-669-7921.
Claim
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:
- Call us at 1-800-669-7921. This number is also listed at the beginning of the insured person’s policy. We’ll send you a form to complete.
- 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 we receive all the information we need, we’ll assess the claim within 5 business days.
- We’ll pay within 30 business days after receiving proof required to assess the claim.
Questions?
Call 1-844-528-0583, Monday – Friday | 8 a.m. – 8 p.m. ET.
Getting advice can help you achieve your goals. At Prospr by Sun Life, we have a team of advisors that can help you find the insurance that’s right for you. Speak with a licensed Prospr advisor*** to discover your options.
*Only certain products may be applied for with no medical exam. Other terms and conditions apply. Speak with an advisor for further information about these products.
** 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.
***Identified as Financial Security Advisors in the province of Quebec. Prospr advisors are licensed with Sun Life Financial Distributors (Canada) Inc. Sun Life Assurance Company of Canada is the insurer and is a member of the Sun Life group of companies.