Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Current Assumption UL Debuts

Your article was successfully shared with the contacts you provided.

The U.S. division of Sun Life Financial Inc. (NYSE: SLF) is rolling out a new current assumption universal life policy.

Called Sun AccumULator, the contract is designed to provide lifetime protection and cash value growth, according to Sun Life, Toronto.

The contract is being positioned as a product that can help consumers build significant cash values for future withdrawals–for retirement income or college funding purposes, for example–as well as to provide a tax-free legacy to beneficiaries, says Janet Whitehouse, senior vice president-individual life insurance in the company’s Wellesley, Mass., office.

The issuing company is Sun Life Assurance Company of Canada, Wellesley Hills, Mass., in most of the country and Sun Life Insurance and Annuity Company of New York, New York, in New York state. Both companies are part of Sun Life Financial, Toronto.

All guarantees are based on the claims-paying ability of the issuing company, Sun Life says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.