Sun Life may choose to offer a lump-sum advance up to 50% of coverage amount if you encounter a life-ending illness, though it’s not a part of the contract.Thereafter you are still covered but are no longer required to pay premiums. Premiums are Guaranteed to remain level until age 95. To qualify you must be 30 – 74 years of age and live in Canada. If you are looking for quick and easy approval and are worried you might not qualify for a fully underwritten policy this might be the right choice for you. I would put this in the final expense life insurance category. In terms of coverage as you can see the values are light, to say the least. This product is guaranteed issue life insurance – which means there is no medical exam! Sunlife Life Insurance also boasts an A+ (Excellent) Rating from A.M. They also rank #243 on Forbes Global 2000 list – the top two thousand public companies in the world.ĪND Sun Life Financial ranks as the third-biggest life insurance company in Canada! They are a publicly-traded company with over $1.25 Trillion in assets under management as of February 10, 2021! Nice. If you are leaning toward Sun Life Insurance I’ve got some good news.

Protections are in place to make sure you’re not completely SCREWED – but checking out the financial stability of any insurer you’re considering is a very important part of the process. There is nothing worse than paying your monthly premiums for decades only to find out that the insurance company you selected is going belly up! This is why it’s so important for you to do your homework when it comes to the financial stability of the insurer you choose. So let’s face it – life insurance is a BIG investment.

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