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Sun Life Financial life insurance

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

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 Financial 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.

  • 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

    • Featured in the Corporate Knights’ 2023 Global 100 Most Sustainable Corporations in the World.
    • Named one of the Best 50 Corporate Citizens in Canada in 2023 by Corporate Knights.
    • Included in the Dow Jones Sustainability North America Index in 2022.

    Frequently asked questions about Sun Life insurance

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    Written by

    Grant Surridge

    Grant Surridge is an editor at Finder, specializing in finance. He’s worked in journalism and communications for over a decade, his previous roles including business reporter at the National Post and online editor at Reuters. Grant has a Bachelor of Commerce from the University of Manitoba and a Journalism degree from the University of King’s College. Grant is a long-suffering fan of his beloved hometown Winnipeg Jets. See full profile

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