Clients may see two new messages when they sign in to their online account.
From Now until November 26, we’re activating a campaign for new and existing Clients to purchase Term 30 insurance. Clients who purchase SunTerm 30 with a face amount up to $1 million will receive one month’s premium free, including any optional benefits.
Adjustable Whole Life (AWL) is a non-participating whole life product that was issued by Sun Life from 1983 to 1994. Premiums, death benefits (DB), cash values (CSV), and reduced paid-up (RPU) values are adjustable every third policy anniversary.
Details for currently sold term life insurance policies are now on the sunlife.ca secure site.
We’re experiencing some service delays with in-force illustrations. Our usual response time is 5 business days. However, we are currently averaging 11 business days and potentially up to 28 days to complete requests. Universal Life products represent 65% of the volume in the backlog.
In a NewsFlash article on April 18, we reminded you about the $1 trillion Great Intergenerational Wealth Transfer that’s happening right now.
A message from Jim Giesinger, SVP, Operations
I wanted to share with you that Sharon Smith has made the decision to retire from Sun Life. This retirement follows an incredible career spanning 39 years in the insurance and investment industries, including 11 years at Sun Life.
Over the last year, we have reviewed controls on key processes. The outcome of the evaluation highlighted that these key processes, on our in-force block of business, require enhanced controls to ensure that we are compliant with Anti-Money Laundering (AML) and legal obligations.
More statements are going paperless! Starting in late July, Clients who’ve chosen to go paperless will stop getting permanent life insurance and health insurance statements in the mail. Universal life insurance statements are already paperless.
SunTerm provides affordable solutions for business owners and families – and gives you more opportunities for your business. On July 22, we’re repricing SunTerm and the optional term insurance benefit available with our permanent life products.