We're glad to inform you that the third-party outage is now resolved. Due to this outage, some of Sun Life’s systems, business teams and external providers experienced disruption. This disruption limited our access to emails as well as the ability to process new insurance applications and other administrative requests. As a result, we’re now ramping back to full operational service over the next few days. We apologize for any inconvenience this might have caused. Again, we thank you for your patience and understanding.
You're illustrating participating insurance and you want to add Plus Premium to increase illustrated values or to reduce the offset year.
Plus Premium is available with Par Protector II and Par Accumulator II with the 10 Pay, 20 Pay and Life Pay premium options (the tax limits do not allow for any Plus premium with Par Accelerator.
The following example shows a scenario with Maximum Plus premium until Offset.
Aside from maximum Plus premium paid till offset, there are a few other common variations as described below.
If you have a target total premium, you can add Plus premium and the system will adjust the coverage solve accordingly. After selecting Solve by payment, you can choose either a Specified amount of Plus premium or select Maximum Plus premium.
TIP: This solve can also be done with Enhanced insurance dividend option. In this case the system solves for the right amount of Base insurance based on the Plus premium amount and then adds the maximum Enhanced amount and.
Your client may like the guaranteed paid up nature of the 20 Pay premium option but would like to see projected values if they chose to continue the Plus premiums after 20 years. No problem. Just select 20 Pay as the Premium option and then the Maximum or a Specified amount of Plus premium for the duration they wish to see.
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