If the applicant is in relatively good health, we typically see policies get approved within 5-7 business days after all of the outstanding requirements have been fulfilled. Since Sun Life offers fully underwritten life insurance, this means that they will require a health questionnaire and possibly a medical examination before approving a policy. Q: What is the average underwriting time for Sun Life?Ī: The average underwriting time for Sun Life can depend on many different factors, mainly the health of the applicant. Q: How much life insurance coverage does Sun Life offer?Ī: The amount of coverage offered by Sun Life for term life insurance ranges from $250,000 – $15,00,000. They offer both whole life participating and universal life which are very competitive in the current marketplace. Q: Does Sun Life offer any permanent life insurance options?Ī: Yes, Sun Life Life offers a wide variety of different permanent life insurance plans (please see below for additional information on each of these plans). Q: Are Sun Life’s term life insurance rates guaranteed?Ī: Yes, the rates (and coverage amount) are guaranteed for the entire length of the initial term. Sun Life does not offer Term to Age 65 or Term to Age 80 plans. Frequently Asked Questions Q: What term lengths does Sun Life offer?Ī: Sun Life offers 10, 15, 20, and 30 year term lengths.
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