Evolve Term is designed to easily personalize a solution for a wide range of unique Client needs. Here are the top 8 features and benefits that make it a leading choice for Clients.
1. Term lengths that Clients want
With one of the broadest ranges of terms available, give them a policy length that meets their evolving needs. They can choose from 5- to 40-year term lengths, at any increment. They can align their term length with their mortgage amortization. And, business owners can protect longer-term business needs like funding a buy-sell agreement.
2. Help meet the needs of many Canadians
Set Clients with individual needs and budgets up for success. There’s coverage from $50K to $25M and issue ages starting at age 0. This gives you more ways to meet people’s specific needs or supplement their existing insurance plans.
3. Evolves with a Client’s needs
It’s easier than ever to offer more term coverage at key life events. Clients can increase coverage by 50% up to $1M after one year at key life events. All you need to do is submit some simplified underwriting questions to head office. The extra coverage will be a new layer on the Client’s policy.
Help ensure vital coverage doesn't stop. Evolve Term can convert to a longer term length or to our full suite of permanent insurance solutions. And it’s possible without underwriting.*
Help Clients keep their coverage. When they convert to permanent insurance, they may be able to carry over remaining term coverage as an optional benefit on a permanent policy without underwriting.*
4. Consistently competitive pricing
Feel confident knowing Evolve Term offers competitive pricing. And it’s coming from a leading international financial services organization with a household name that people trust.
5. Cover multiple needs in one policy
Clients may have multiple financial obligations where temporary life insurance protection can be very helpful. Seldom, if ever, do these obligations last the same amount of time. Evolve Term offers multiple coverages on the same insured person. For example, a T15 to cover an education expense shortfall and a T25 to cover an outstanding mortgage.
6. Personalize a policy for business or personal needs
There’s a full suite of optional benefits: child term, accidental death, total disability waiver, owner waiver disability and guaranteed insurability. There’s even an option for business owners to add a business value protection benefit. It’s an easy way for them to increase their coverage as their business grows in value – without underwriting.
7. Fewer underwriting requirements help you secure coverage for Clients
Some Clients won’t need blood and vitals testing if they do a tele-interview. Clients ages 18 to 40 up to $5,000,000, 41 to 50 up to $3,000,000, and 51 to 60 up to $1,000,000 may be able to skip this step.
8. Trusted for generations
Sun Life’s roots run deep in Canada, where we began more than 150 years ago. Today we’re a strong, well-capitalized company with solid financial ratings. We continue to touch the lives of millions of Clients across the country.
*It’s possible, unless the Client increases the insurance amount.
