The only life insurance product tailor-made
with a higher chance of approval, affordable premiums, and
personalized care every step of the way.
TORONTO, May 13, 2024
/CNW/ - Sun Life is proud to announce the launch of Sun Life
Term Insurance for Diabetes - an industry-first product designed to
empower Canadians living with diabetes to help make health and
financial decisions on their terms. Sun Life understands the daily,
unique challenges of managing this condition, and has created a
comprehensive life insurance product that not only offers a higher
chance of approval* and affordable premiums, but also access to a
customized care plan. Sun Life Term Insurance for Diabetes is part
of a broader suite of innovative term insurance offerings from Sun
Life, including the newly launched Evolve Term Insurance.
Groundbreaking insurance solution from Sun
Life helps remove barriers for Canadians living with diabetes
"One third of Canadians are living with diabetes or
pre-diabetesi and rates continue to rise quickly,"
said Rowena Chan, President, Sun
Life Financial Distributors (Canada) Inc., and Senior Vice-President,
Retail Advice & Solutions. "This is a powerful solution to help
people take control of their lives and long-term wellbeing. In
addition to providing valuable protection, Sun Life Term Insurance
for Diabetes will help Clients focus on healthy living while
accessing holistic advice and innovative insurance solutions to
help achieve their financial and health goals."
Tailor-made for Canadians living with diabetes, Sun Life Term
Insurance for Diabetes offers:
- A higher chance of getting approved for term life insurance
coverage.
- Affordable premiums.
- Access to Sun Life's Diabetes Care Program**, designed to help
Clients manage their health goals. Clients will have access to an
evidence-based program, including a personalized care plan,
one-on-one support, access to virtual education sessions with
healthcare professionals and diabetes-related resources.
Joining forces in the fight against diabetes
Sun Life has also partnered with Diabetes Canada to ensure all
Canadians have the right information and education they need to
better understand how to live with diabetes and promote an improved
quality of life.
"One person every three minutes is diagnosed with diabetes in
Canada," said Jennifer Buccino, Executive Director, Diabetes
Knowledge & Connection, Diabetes Canada. "Everyone living with
diabetes should have access to the care and treatments necessary to
manage this complex chronic condition to ensure the best possible
health outcomes. We are proud to partner with Sun Life on their
journey to create positive health outcomes and in the fight against
diabetes."
The evolution is here: Introducing coverage that keeps up
with life's changes
Sun Life is also proud to announce the launch of Sun Life Evolve
Term Insurance. This new and innovative protection product allows
Clients to increase their coverage at certain life stages with a
simplified underwriting process while offering affordable insurance
to help meet their needs.
"We are committed to helping Clients achieve lifetime financial
security, which is why Evolve Term Insurance was designed with
Canadians in mind," said Michael Van
Alphen, Vice-President, Insurance Solutions, Sun Life. "We
know that insurance is not one-size-fits-all so we're making it
easier than ever for Clients to increase their coverage to reflect
evolving needs. Whether they're getting married, adopting a child,
or increasing a mortgage, we're offering Clients a better solution,
right when they need it most."
Sun Life has a long-standing focus on proactive and preventive
health and wellness programs that help build stronger, healthier
and more sustainable communities. To date, Sun Life has committed
more than $50 million since 2012 to
the fight against diabetes globally through strategic partnerships
with organizations supporting the most vulnerable in our
communities. Read more in our Sustainability Report.
Sun Life Term Insurance for Diabetes and the broader suite of
term insurance offerings from Sun Life, including Evolve Term
Insurance, will be available to all Canadians beginning today.
* Higher chance of
approval compared to conventional life
insurance. **Diabetes Care Program not currently
available in Quebec.
|
About Sun Life
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance and
health solutions to individual and institutional Clients. Sun Life
has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March
31, 2024, Sun Life had total assets under management of
$1.47 trillion. For more information,
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian dollars
Media Relations Contact:
Laura
Tulley
Director, Corporate Communications
T. 437-677-1298
Laura.tulley@sunlife.com
___________________________
|
i Diabetes Canada
|
SOURCE Sun Life Financial Inc.