Want to help protect the financial security of those you love? Life insurance helps protect your loved ones when it matters most.
Whole life insurance is a type of permanent life insurance. It’s a life insurance policy that gives you lifelong coverage, which never expires, no matter your age or health. Your beneficiaries will get a guaranteed tax-free payment (the death benefit) after you die, provided you’ve paid your premiums (the monthly or annual cost you pay in exchange for having insurance). They can use this money any way they want.
Some whole life insurance policies also include a savings portion called the cash value. It can grow over time, and you can borrow from it as a loan or withdraw from it. But this will usually reduce your death benefit and there may be tax implications.
Speak to an advisor to find out more about whole life insurance.
There’s no cost to talk to a Sun Life advisor – in person, virtually or by phone.