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We’re decreasing dividends on deposit and par non-withdrawable premium fund interest rates due to the continued low interest rate environment. The new rates will take effect December 9, 2019.
For Sun Par, the dividends on deposit rate will decrease by 50 basis points to 2.25% for new business and in force policies without a minimum interest rate guarantee.
We’ll reduce the non-withdrawable premium fund credited rate for par policies by 25 basis points to 4.00%.
Clients’ 2020 statement values will reflect the updated rates.
We’ll update Sun Life Illustrations v 5.1.0 with the new rates on December 9, 2019.
Contact: salesdesk@sunlife.com
We’re decreasing dividends on deposit and par non-withdrawable premium fund interest rates due to the continued low interest rate environment. The new rates will take effect December 9, 2019.
For Sun Par, the dividends on deposit rate will decrease by 50 basis points to 2.25% for new business and in force policies without a minimum interest rate guarantee.
We’ll reduce the non-withdrawable premium fund credited rate for par policies by 25 basis points to 4.00%.
Clients’ 2020 statement values will reflect the updated rates.
We’ll update Sun Life Illustrations v 5.1.0 with the new rates on December 9, 2019.
Contact: salesdesk@sunlife.com