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Sun Permanent Life Plussm
Sun Permanent Life Plussm (SPLP) is a participating whole life policy that features a low premium structure designed to maximize the guaranteed death benefit for your life insurance dollars. An SPLP policy provides you with insurance protection for your entire life, regardless of how old or ill you may become. As a whole life policy, SPLP offers a guaranteed death benefit, premiums that are guaranteed never to increase, and, most importantly, permanent protection for your family or business.
Your SPLP policy builds guaranteed cash value and participates in the company's dividend performance. You can take loans (subject to certain limits and possible tax consequences) from your SPLP policy's cash value to take advantage of financial opportunities or to meet unexpected expenses. Note: loans will decrease the death benefit of your policy and reduce its cash value.
Sun Permanent Life Plus is also available with a number of benefits and riders, allowing you to customize your policy to better meet your needs:
- A choice of two Enhanced Life riders: These riders make coverage even more affordable by combining term insurance and paid-up additions to provide increased death benefit protection.
- Single Plus and Level Plus riders: These riders allow you to purchase additional paid-up insurance and accelerate cash value accumulation through either a lump-sum payment or a series of annual payments.
- Accidental Death Benefit: This option provides an increased death benefit, payable if you die by accidental means.
- Waiver of Premium Benefit: Issued through age 55, this option provides for the payment of premiums if you become totally disabled.
- Accelerated Death Benefit: This rider allows you to access a portion of the face amount in advance should you become terminally ill, and is automatically included in your policy at no extra cost (not available in New Jersey).
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.
Note that not all products, benefits and riders are available in all states.
This is a general description of Sun Life Assurance Company of Canada’s individual/joint and last survivor life insurance products, including Sun Permanent Life Plus (policy form # SPL-1996-0 and state variations) and Sun Survivorship Whole Life (policy form #LS94-1000-0 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 representative.
09/00 SLPC 6271
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