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Sun Life Adds New Funds To VUL Products

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NU Online News Service, August 9, 2004, 2:00 p.m. EST

Sun Life Assurance Company of Canada (U.S. ) is expanding investment subaccount choices available to buyers of its variable universal life insurance products.[@@]

The Wellesley Hills, Mass. company, a unit of Sun Life Financial Inc., Toronto, announced that Ibbotson Associates has created five model portfolios for the carrier’s Futurity series of VUL policies. Each model offers a broad selection of investment subaccounts with different degrees of risk, Sun Life says.

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The company has also added 12 new funds to its Futurity policies.

Ibbotson, Chicago, also developed five new asset allocation models for Sun Life’s Masters line of variable annuities.