Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Sun Life Financial life insurance

Learn about the range of Sun Life insurance policies and how they compare with those from other Canadian insurers.

Updated

Sun Life Financial Logo

Sun Life Financial is one of Canada’s largest insurance companies. It offers a comprehensive suite of policies, including life, critical illness, disability and business insurance. Sun Life was founded over 150 years ago in Montreal and now operates in North America, Europe and Asia. It is headquartered in Toronto, Ontario.

What insurance coverage options does Sun Life Financial offer?

Sun Life offers a wide range of individual and group insurance products. Group insurance refers to products or policies you may have through your employer. We will focus on the individual insurance products Sun Life offers. Below are the main categories of Sun Life Financial products.

  • Compare Sun Life Financial life insurance

    Name Product Types of Insurance Coverage Range Issue Ages Medical Exam Required Province Availability
    Sun Life Go Simplified Term Life Insurance
    Life Insurance
    $50,000-$100,000
    18 - 69 years old
    No
    All of Canada
    Sun Life Go Simplified Term Life Insurance covers you for 10 years, during which time your premiums are guaranteed not to rise. Apply for up to $100,000 in coverage.
    Sun Life Go Term Life Insurance
    Life Insurance
    $100,000 - $1,000,000
    18 - 69 years old
    No
    All of Canada
    Sun Life Go Term Life Insurance is a standard term life insurance option that guarantees your premiums in the first 10 or 20 years of your policy.
    Sun Life Go Guaranteed Life Insurance
    Life Insurance
    $5,000 - $25,000
    30 - 74 years old
    No
    All of Canada
    Permanent life insurance coverage that guarantees fixed premiums until 95 years old (and no premiums thereafter).
    Connect with a Sun Life Advisor
    Life Insurance
    Varies
    18 - 74 years old
    No
    All of Canada
    Fill in a quick form and a Sun Life advisor will contact you to help you find the right life insurance policy for your needs.
    loading

    Compare up to 4 providers

    Benefits and drawbacks of Sun Life insurance

    Benefits

    • Quotes online. You can get basic quotes for some types of Sun Life Financial products like term life insurance online, although in many cases you may have to contact an adviser to get more detailed information and finalize the purchase.
    • Coverage across Canada. No matter where you live in Canada, Sun Life Financial products are available for purchase. That said, you may not always have access to an adviser nearby.
    • High credit ratings. Sun Life is rated AA (very strong) by Standard & Poor’s and Aa3 by Moody’s, two well-known credit rating agencies that measure companies by how prepared they are to meet financial liabilities.
    • Tools and resources. The Sun Life website has a well-stocked section of articles and tutorials that explain the insurance industry and explore other personal finance topics. There are also numerous online tools such as insurance calculators to help determine how much coverage you may need.

    Drawbacks

    • No homeowner insurance: Sun Life does not offer homeowners insurance products.
    • Can’t file all claims online: If you bought your insurance through an adviser, which in many cases you need to do, you can’t necessarily file your claims online. You need to contact your adviser and initiate the process through him or her.

    Sun Life Awards

    • Top-rated workplace in Canada 2019 – Indeed
    • Global 100 most sustainable corporations 2019 – Corporate Knights, a Toronto-based media and investment research firm
    • Most trusted life insurance brand in Canada 2019 – Reader’s Digest Survey
    • Ranks #1 in digital sales functionality for life insurance brands in Canada 2016 – Forrester

    Frequently asked questions about Sun Life insurance

    More guides on Finder

    Go to site