*Definition of terms:
A death benefit is the money an insurance company pays your beneficiaries when you die.
Premiums are the annual or monthly fees you pay for having insurance. Most permanent products come with premiums that stay the same, guaranteed. But please note that some permanent products are adjustable. That means their premiums may change over time.
Dividends aren’t guaranteed. They may be credited to policies when the experience in the Sun Life Participating Account is better than the assumptions we made for factors like: investment returns, death benefits and expenses to support the guaranteed values in policies. If the Board of Directors determines there’s a surplus, a portion of this may be credited to policies in the form of policy owner dividends.
Tax-preferred means that any growth within the policy is tax-free. You may be taxed if you cancel your policy, borrow from your policy over a certain amount, or cancel part of your coverage.