What are the different types of life insurance policies offered by Sun Life Direct?
Sun Life Direct offers various types of life insurance policies to cater to individual needs. These include term life insurance, whole life insurance, and critical illness insurance. Term life insurance provides coverage for a specific period, typically 10 to 30 years, offering financial protection for the policyholder's dependents. Whole life insurance, on the other hand, provides lifelong coverage with a cash value component that grows over time. This policy can serve as an investment vehicle while providing death benefit protection. Lastly, critical illness insurance pays a lump sum if the policyholder is diagnosed with a covered critical illness, allowing them to cover medical expenses or replace lost income. Sun Life Direct's range of life insurance policies ensures that customers can choose the most suitable option for their long-term financial security.
Answered May 3, 2024
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