We're pleased to announce that we're maintaining the Clarica dividend interest rate of 6.25% for 2022.
This applies to participating policies issued by:
The Sun Life and Clarica dividend scales are separate with distinct par accounts. We decide the Sun Life dividend scale separately from the Clarica dividend scale. A decision about one dividend scale doesn't mean we'll decide the same for the other.
The dividend scale interest rate is a rate we set each year and isn't the return that a Client can expect to receive on their policy. It reflects the investment experience of the par account that's passed back to Clients as part of the dividend.
We’re also maintaining other experience portions of a Client's specific dividend scale, including mortality, policy surrender, expenses and taxes. We're able to maintain the Clarica dividend scale for 2022, but it's not an indicator of future performance.
The Board of Directors of Sun Life Assurance Company of Canada approved this decision. It is based on Sun Life's Dividend Policy and the recommendation of our Appointed Actuary.
Clients will continue to benefit from Sun Life's prudent management, long-term investment strategy, and the strength of the par account.
For more information, contact 1-800-800-4786, options 1-2-2