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Sun Life Financial launches new universal life insurance product

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The U.S. Division of Sun Life Financial Inc., Wellesley, Mass., has announced the launch of a current assumption universal life product, Sun AccumULatorSM, designed to provide lifetime protection and competitive cash value growth through a guaranteed minimum interest crediting rate. Sun AccumULator offers tax-advantaged cash accumulation potential, income tax-free withdrawals and loans to help meet supplemental retirement income needs, college expenses, or other income needs.

Sun AccumULator is an attractive option for consumers looking for a future income source and for those with younger children who are looking to build up sufficient funds for college, said Janet Whitehouse, Senior Vice President and General Manager of the Individual Life Insurance Division of Sun Life Financial’s U.S. Operations.