What are the different types of insurance policies offered by SunLife Financial?

SunLife Financial offers a variety of insurance policies designed to meet the diverse needs of its customers. One of the primary types of insurance provided is life insurance, which can be broken down into several categories, including term life insurance and permanent life insurance. Term life insurance typically covers a specific period, such as ten or twenty years, and pays out a death benefit if the policyholder passes away during that term. Permanent life insurance, on the other hand, provides coverage for the individual’s entire life and often includes a cash value component that can grow over time. In addition to life insurance, SunLife Financial offers disability insurance, which provides income replacement if a policyholder becomes unable to work due to a medical condition. This is especially important for individuals who rely on their income to support their families. There are also critical illness insurance policies available that offer a lump sum payment in the event that the insured is diagnosed with a covered critical condition, assisting with the financial burden during challenging times. Furthermore, SunLife Financial provides health and dental insurance options. These plans can help cover medical expenses that may not be included in basic healthcare coverage, enabling individuals and families to access necessary healthcare services without facing overwhelming financial stress. It is recommended for individuals interested in these various types of insurance policies to visit sunlife.com for the most up-to-date information and any potential questions about specific products.