Sun Life Assurance Company of Canada Singapore Branch (Sun Life Singapore) has launched its first product since it was established in Singapore in May last year.
The product, Future – S, is a lifetime protection solution designed to help high-net-worth (HNW) and ultra-HNW families with their legacy planning. With wealth preservation as its primary focus, the plan will ensure a smooth transition of clients’ personal and business assets in this lifetime and future generations.
The main benefits of Future – S include:
- Two options – S70 and S100 for guaranteed death benefit, starting at 100% of the sum assured.
- Flexibility in premium payment terms – clients can choose to pay either through a single premium payment, or a multi-payment option over five years or 10 years.
- High Guaranteed Cash Value at up to 85% of premiums paid.
- Cash value growth, delivered in the form of additions, which are determined by two types of non-guaranteed additions: annual additions and one-time final addition.
The launch of the policy is in line with Sun Life’s focus in Asia on further building its HNW business. “We have listened to our clients and have created Future – S that is tailor-made for families with an eye on protection and succession,” said Sun Life Singapore CEO Belinda Au.
More on life and health:
Hong Kong: Key considerations people take into when buying a CI plan
Majority of Singaporeans still struggling with their mental health
India: Health insurance soaring to greater heights
Do you have a new product or programme to share? Or perhaps you are keen to explore any collaborations with us or our partners? Reach out to us at Connect@AsiaAdvisersNetwork.com