Sun Lifes Medical GAP Insurance plan can help employees adjust to their new health plan- by providing cash benefits that help members pay these higher. You can take a policy loan and depending on which plan you have, you may even be able to withdraw money from your policy. Many employers are now changing to higher deductibles and/or out-of-pocket limits as a way to manage plan expenses, but are concerned about the additional financial burden on their employees. It is one of the largest life insurance companies in the world, and also one of the oldest with a history spanning back to 1865. It may be guaranteed, non-guaranteed or a combination of both.Ĭash value accessibility You may be able to access the cash value of your policy when you need it most. is a Canadian financial services company known primarily as a life insurance company. For example, the death benefit is paid when the second person dies on a joint last-to-die policy.Ĭash values Cash value is money that builds in some policies over time. With a joint policy, you choose when we pay the death benefit. With YRT to 100, the cost of insurance increases each year to your age 70, at which time it becomes level for life.Ĭoverage options Single life policies cover 1 person joint policies cover 2 people. With YRT to 85, the cost of insurance increases each year to your age 85, at which time you will no longer have costs of insurance associated with the base insurance amount. Yearly renewable term (YRT) to 70, YRT to 85 and YRT, 100: With YRT to 70, the cost of insurance increases each year to your age 70, at which time you will no longer have costs of insurance associated with the base insurance amount. It operates through the following segments: Sun Life Financial Canada, Sun Life Financial. If your payment type is life pay or level for life, you will continue to pay the premiums for your insurance until age 100 or your death. The firm engages in the provision of financial services. It offers life, health, wellness, disability, critical illness, stop-loss, and long-term care insurance. 10, 15, 20, life pay and level for life: 10, 15 and 20 pay plans mean you only have to pay for your life insurance for 10, 15 or 20 years. Sun Life Financial is an international financial services company providing insurance, wealth, and asset management solutions to individuals, businesses, and institutions. Term life insurance: Renewable term plans increase in cost after the first term ends, and renew for another term equal to the one you originally selected. NOT A DEPOSIT - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.Payment options You choose the payment option or length of time that meets your needs. All estimates sent by my dentist have been rejected, nothing approved. NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - I have Sun Life gold package for dental treatment. Products and features may not be available in all states. Guarantees do not apply to the performance or safety of amounts held in the variable sub-accounts. Guarantees are based on the claims-paying ability of the issuing insurance company. Please read the prospectuses for the variable annuity product ( Masters Masters NY) and the underlying investment options carefully before investing or sending money. You can rely on our broad portfolio of products and services, including Group and Voluntary Life, Disability, Absence, Dental & Vision, Supplemental Health and Stop-Loss insurance. Sun Life is your best partner for benefits. The prospectus contains this and other important information. Our purpose is to help people achieve lifetime financial security and live healthier lives. You should carefully consider the investment objectives, risks, charges and expenses of an investment in a variable annuity. Variable annuities are subject to market fluctuation, investment risk, and possible loss of principal. These companies are members of the Delaware Life group of companies and are not affiliated with Sun Life Financial.Īnnuities are long-term financial vehicles designed for retirement purposes. In New York, policies and contracts are issued by Delaware Life Insurance Company of New York (New York, NY). Delaware Life issues and administers policies, contracts and certificates through Delaware Life Insurance Company (Wellesley Hills, MA) in all states except New York, and in the District of Columbia, Puerto Rico and the U.S.Virgin Islands.