Term Life Insurance Made Simple
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Term Life Insurances by Sun Life
Term life insurance provides temporary life insurance coverage, typically in 10, 20, or 30 year periods. Term life coverage is one of the most affordable life insurance solutions on the market. It is perfect for temporary needs, like covering a mortgage or your child’s future educational opportunities.
Key Benefits
- Affordability
Term life insurance offers affordability paired with the reliability of traditional permanent coverage.
- Simplicity
Unlike whole life insurance options, term life insurance doesn’t involve any additional savings or investment components. Term coverage is easy to understand and focuses solely on the coverage provided.
- Flexibility
Term insurance comes in various coverage lengths, making it easy to fit into your life and changing needs. Do you only need coverage for 10 or 20 years? A term life policy can provide that protection when you need it the most.
Choice of Plans
Sun Life Go Simplified
Term Life Insurance
Sun Life Go Simplified Term Life Insurance is simplified temporary coverage with no medical exams and guaranteed premiums for the first 10 years of coverage.
Plan Features:
• Available to Canadians ages 18-69.
• Coverage amounts: $50,000, $75,000, or $100,000.
• 10-year term lengths.
• 30-day review period to ensure the coverage is right for you.
Sun Life Go
Term Life Insurance
Term life insurance protection offering from $100,000 to $1,000,000 in reliable temporary coverage lasting up to age 85. There are no medical exams required to apply, just some short health questions. Your beneficiaries will receive your policy’s benefit completely tax-free. Premiums will remain guaranteed for 10 or 20 years, depending on the selected term length.
Plan Features:
• Available to Canadians ages 18-69.
• Coverage ranges from $100,000 to $1,000,000 in increments of $25,000.
• 10- or 20-year term lengths.
• The policy can be automatically renewed for the original term length without any health questions asked.
SunSpectrum
Term Insurance
SunSpectrum is a flexible term life insurance policy that works for the changing needs of any Canadian. With four term lengths available, there is a term that can work for your family’s or business’ financial needs. Premiums are guaranteed for the entire length of the selected term, and coverage is convertible to permanent coverage. Optional benefits are also available and can be included with your SunSpectrum Term plan.
Plan Features:
• Available to Canadians ages 18-75.
• Coverage ranges from $250,000 to $15,000,000.
• 10, 15, 20, or 30-year renewable term lengths available.
• Coverage can be converted to a permanent life insurance plan at any time without any health
questions until age 75.
Optional benefits to maximize your coverage include:
• Child term insurance benefit
• Total disability waiver benefit
• Guaranteed insurability benefit
• Accidental death benefit
• Renewal protection benefit
• Owner waiver disability benefit
• Partner protection benefit
• Business value benefit
SunTerm
Insurance
SunTerm is flexible term coverage starting at $250,000 in benefit amounts. This term plan offers four renewable term options to choose from that can fit any financial need, including mortgage coverage, your children’s post-secondary education, business loans, and more. Premiums are guaranteed for the duration of your selected term length, and coverage is convertible to a permanent plan.
Plan Features:
• Available to Canadians ages 18-75.
• Coverage ranges from $250,000 to $15,000,000.
• 10, 15, 20, or 30-year renewable term lengths available.
• Coverage can be converted to a permanent life insurance plan at any time without any health questions,
until age 75.
Optional benefits to maximize your coverage include:
• Child term insurance benefit
• Total disability waiver benefit
• Guaranteed insurability benefit
• Accidental death benefit
• Renewal protection benefit
• Owner waiver disability benefit
• Partner protection benefit
• Business value benefit
