The U.S. division of Sun Life Financial Inc., Toronto, has launched a flexible-premium universal life product boasting economical death benefit protection plus high cash-value accumulation.
Sun Life U.S., Wellesley, Mass., says its new Sun Universal ProtectorPlus complements its no-lapse guarantee UL by appealing to clients seeking value and flexibility in a single product.
ProtectorPlus suits a variety of individual and business needs, including estate planning, executive benefit funding, supplemental retirement income, college savings, and debt reduction, according to Sun Life. It also offers riders providing loan lapse protection, flexible premium payments and an accelerated benefit to let customers have access to part of the policy's face amount if they become terminally ill.
