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Variable Universal Life Insurance
Flexibility is having the time to relax and think about how to spend your day with family and friends - and not figuring out how to meet your complex financial planning needs. The Sun Life Financial group of companies lets you do just that. We offer lifetime solutions to help you secure your future, so you can spend your day doing whatever you want.
Variable universal life insurance (VUL) is a highly flexible product designed to meet a range of personal, estate and business planning needs. Like other types of life insurance, VUL can provide financial security by creating an immediate estate in the event of your death. These death benefit proceeds can be used in a variety of situations:
As a source of income to help your family maintain their standard of living.
To pay estate taxes and efficiently transfer your wealth from one generation to the next.
To ensure that your business can continue; or, as part of an overall benefits package, to attract and retain key employees.
Plus, VUL offers you the potential to accumulate money for your long-term financial goals on a tax-deferred basis, which can be used for any purpose, generally without income tax penalty.*
Variable Universal Life Defined
VUL is a flexible premium life insurance policy that allows you to vary the amount and timing of premium payments and choose how to invest them among a range of professionally managed investment options. You can also adjust the death benefit to keep pace with your changing needs. When you purchase a VUL policy, your financial advisor can help you determine the amount of coverage you need and customize a schedule of premium payments that works best for you.
Use the navigation at the top of the page to learn more about Sun Life Assurance Company of Canada (U.S.) variable universal life products, Futurity Protector II, Futurity Accumulator II and Futurity Survivorship II.
*Depending upon the performance of the underlying investment options, the cash value available for loans and surrenders may be worth more or less than the original amount invested in the contract. VUL products are long-term life insurance products subject to investment risk. If the policy is classified as a Modified Endowment Contract under IRS rules, distributions are generally subject to income taxes and a 10% federal tax penalty if made before age 59 1/2.
Futurity products are offered through Sun Life Assurance Company of Canada (U.S.)and Sun Life Insurance and Annuity Company of New York. Prospectuses for the Futurity products and any underlying funds, which contain more complete information, including all charges and expenses, are available from your financial adviser. You may also order a prospectus by requesting one by mail, e-mail, or telephone or by downloading one now. Please read the prospectus carefully before investing.
Sun Life Assurance Company of Canada (U.S.) issues Futurity products and Sun Life Financial Distributors, Inc. distributes the Futurity product line. Both companies are members of the Sun Life Financial group of companies.
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