Big enhancements. Big opportunities.



Big enhancements to Sun CII and our life products can give you big opportunities with large-case Clients.

Details below the video.

Big enhancements

Sun Critical Illness Insurance (Sun CII)

Big opportunities

Leading T10 pricing at $250K and up helps make Sun CII a top choice for larger CII needs.

The new graded ROPC/E can be a perfect fit for business owners looking for shared ownership strategies.

  • New graded Return of Premium on Cancellation or Expiry on adult plans (ROPC/E)
    • Industry-leading rates – lower by an average of 18% on coverage amounts over $100K
    • Returns premiums earlier than any competitor, often with a larger portion of the returnable premium amount
    • Includes rated premiums in calculating returnable premium amounts
    • See how it works
  • New lower rates
    • T10 rates lower by an average of 12% at amounts of $250K and up – now offering #1 rates at most ages
    • T75 and T100 life pay rates lower by an average of 4% at amounts of $100K and up
    • Adjustments to T100 15-pay plans at amounts of $100K and up to ensure leading pricing
  • Updated definitions for six covered illnesses help make it easier for Clients to understand their coverage
SunTerm

Big opportunities

Leading pricing at $2M and up helps make SunTerm a top choice for business owners and affluent Clients. Sun Life’s suite of participating and permanent life products also means SunTerm Clients can get coverage for today and solutions for tomorrow.

  • Leading rates at coverage amounts of $2M and up
SunUniversalLife II

Big opportunities

Lower YRT rates for policies with annual payments of $25K and up can help corporate and affluent Clients take advantage of the features and flexibility of a YRT UL policy.

Clients also get access to the Sun Life Diversified Account, which blends the design and stability of a par account with the customization of UL.

Sun Permanent Life

Big opportunities

Lower face amounts help make this innovative solution available to even more Canadians.

Clients 50 and under can take advantage of the Return of premium on death optional benefit on 15- or 20-pay policies.

  • Now available in face amounts as low as $25K, and as low as $10K for Clients over 65!
  • The only permanent life solution with a Return of Premium on Death option

Find your opportunity!

Click here to connect with us for a consultation on our products and these enhancements, as well as sales strategies and potential Clients.

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Transition rules

Read the transition rules for Sun CII

Effective October 18, 2021, we’re making changes to Sun Critical Illness rates and enhancements.

To ensure a smooth transition, please take a moment to review the following rules:

Processing your application

Application Status

What Rates Will Apply?

Signed and received before October 18, 2021

 

 

We’ll process applications using rates and features in effect before October 18, 2021

If a Client wants new rates, features and definitions, submit an email request to the New Business area with your application number before October 29, 2021

Signed and received between October 18, 2021and October 29, 2021

We’ll process applications using rates and features in effect on October 18, 2021

Signed before October 18, 2021 and received after October 29, 2021

We’ll process applications using rates and features in effect on October 18, 2021

Signed on or after October 18, 2021 with a backdate request for a date before October 18, 2021

We’ll process applications using rates and features in effect on October 18, 2021

Policy settled and in the 10-day free look period on or after October 18, 2021

If the Client wants the new product rates and features, return the policy to the New Business area with a cover sheet and ask to have the policy reissued with new product rates.

Policy settled past the 10-day free look period on or after October 18, 2021

We would have issued the policy using rates and features in effect before October 18, 2021

If it's in your Client’s best interest to move to the new 2021 series, we’re allowing a special case reissue. We’ll reissue using new rates and features in effect on October 18, 2021.

Submit an email request to the New Business area with your application number before October 29, 2021

Please contact your Regional Sales Director for more details.

For more information, please contact your Regional Sales Director or Advisor Experience Team

Read the transition rules for SunTerm

Effective October 18, 2021, we’re making changes to Sun Term and term insurance benefit (TIB) rates.

To ensure a smooth transition, please take a moment to review the following rules:

Processing your application

Application Status

What Rates Will Apply?

Signed and received before October 18, 2021

 

 

We’ll process applications using product rates in effect before Oct 18, 2021

For applications received between August 26, 2021 and October 18, 2021, please see our message about special quotes

Signed before October 18, 2021 and received between October 18, 2021 and October 29, 2021

OR

Signed and received between October 18, 2021 and October 29, 2021

We’ll process applications using product rates in effect on October 18, 2021

Signed on or after October 18, 2021 with a backdate request for a date before October 18, 2021

We’ll process applications using product rates in effect on October 18, 2021

Policy settled and in the 10-day free look period on or after October 18, 2021

If the Client wants the new product rates, return the policy to the New Business area with a cover sheet and ask to have the policy reissued with new product rates

Policy issued and settled past the 10-day free look period on or after October 18, 2021

If the Client would like new product rates, we require a new application with full evidence. 

In-force addition of a $2M or greater term insurance benefit

An E110 form that's signed on or after October 18, 2021 will be eligible for product rates in effect on October 18, 2021

In-force addition of a $2M or greater additional base plan to a term policy

An E110 form that's signed on or after October 18, 2021 will be eligible for product rates in effect on October 18, 2021

For more information, please contact your Regional Sales Director or the Advisor Experience Team.

Rates and values current as of October 18, 2021.