Sun Life has unveiled a groundbreaking insurance solution tailored specifically for Canadians living with diabetes. The new product, Sun Life Term Insurance for Diabetes, represents a pioneering approach to life insurance, offering increased likelihood of approval, affordable premiums, and personalized support throughout the entire process.
This industry-first insurance product is designed to empower individuals with diabetes, enabling them to make informed health and financial decisions that align with their unique needs. Sun Life recognizes the daily challenges associated with managing diabetes and has developed a comprehensive life insurance offering that not only enhances the chances of approval but also ensures access to a personalized care plan.
Rowena Chan, President of Sun Life Financial Distributors (Canada) Inc. and Senior Vice-President of Retail Advice & Solutions, highlighted the significance of this launch. “With one third of Canadians living with diabetes or pre-diabetes, and rates on the rise, this product represents a powerful solution to help individuals take control of their lives and long-term wellbeing,” said Chan.
Sun Life Term Insurance for Diabetes provides several key benefits for those living with diabetes:
- Increased likelihood of approval for term life insurance coverage.
- Affordable premiums.
- Access to Sun Life’s Diabetes Care Program, which includes personalized care plans, one-on-one support, virtual education sessions with healthcare professionals, and access to diabetes-related resources.
Moreover, Sun Life has teamed up with Diabetes Canada to ensure Canadians have access to the necessary information and education to better manage diabetes and improve their quality of life. Jennifer Buccino, Executive Director of Diabetes Knowledge & Connection at Diabetes Canada, emphasized the importance of this partnership in supporting individuals living with diabetes.
In addition to Sun Life Term Insurance for Diabetes, Sun Life has introduced another innovative product—Sun Life Evolve Term Insurance. This flexible protection product allows clients to adjust their coverage at different life stages through a simplified underwriting process, providing affordable insurance that evolves with their needs.
Michael Van Alphen, Vice-President of Insurance Solutions at Sun Life, highlighted the client-centric design of Evolve Term Insurance. “Insurance is not one-size-fits-all,” Van Alphen stated, “which is why we’ve made it easier than ever for clients to increase their coverage to reflect evolving needs.”
Sun Life’s commitment to proactive health and wellness extends beyond insurance products. The company has invested more than $50 million since 2012 in the global fight against diabetes, supporting vulnerable communities through strategic partnerships.
Sun Life Term Insurance for Diabetes and the broader suite of term insurance offerings, including Evolve Term Insurance, are now available to all Canadians, providing innovative solutions that prioritize health and financial security.
