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Sun Term 10sm and Sun Term 20sm
Sun Term 10sm and Sun 20sm level term policies offer low cost, convertible coverage with a guaranteed level premium for the full coverage period. Both products provide a death benefit and premium that remain the same over the guaranteed coverage period. While the premium initially is higher than annually renewable term, significant cost savings appear in subsequent years because the premium does not increase during the policy period. Sun Term 10 and Sun Term 20 are ideal for individuals with temporary protection needs who want the guarantee of level premiums and a level death benefit.
Sun Term 10 and Sun Term 20 are available in face amounts of $250,000 or more. Level premiums are guaranteed for 10 or 20 years, depending on which policy you choose. At the end of the policy term, you have two options for continued coverage:
- Take advantage of our attractive "reentry" and purchase another Sun Term 10 or Sun Term 20 policy. Reentry requires evidence of insurability.
- Renew your coverage at an annually increasing premium without evidence of insurability.
Also, Sun Term 10 and Sun Term 20 can be converted to an eligible Sun Life Assurance Company of Canada permanent policy without evidence of insurability. This option is available to you within policy guidelines.
The chart below compares important features of Sun Term 10 and Sun Term 20:
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Sun Term 10 |
Sun Term 20 |
| Premium Guarantee Period |
Level for ten years |
Level for twenty years |
| Reentry |
Up to Age 75 |
Up to Age 60 |
| Renewable |
Up to Age 100 |
Up to Age 95 |
You can enhance your Sun Term 10 or Sun Term 20 protection with the following riders:
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Waiver of Premium: Issued through age 55, this option ensures that your premiums will be paid for you if you become totally disabled.
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Accidental Death Benefit: This option allows you to increase the death benefit should you die by accidental means.
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Estate Preservation: This option provides an additional level death benefit should the insured die within the first four policy years.
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Death Benefit Accelerator: This option, which is automatically included in your policy at no extra cost, allows you to access a portion of the face amount in advance should you become terminally ill.
Ready to find out more? Get in touch with an insurance professional in your area for more information on Sun Life Assurance Company of Canada products and a thorough analysis of your needs
Not all products, riders and features are available in all states.
This is a general description of Sun Life Assurance Company of Canada’s individual life insurance products, including Sun ART (policy form #94-YRT-0 and state variations) and Sun Term 10 and Sun Term 20 (policy form #94-LTERM and 97-TTERM-0 and state variations). Your specific policy has exclusions, limitations and terms under which the policy may be continued in force or discontinued. For costs and complete details of specific policy coverage, please contact a Sun Life Financial representative.
SLPC 6391
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