Term for Diabetes

The opportunity

We make it easy for you to help Clients living with diabetes get term life insurance. Simply submit an application for Evolve Term insurance. Underwriting will assess the application to make the best offer available based on the Client's health, from one of these offerings: 

• Evolve Term: coverage for Clients who are willing to pay higher premiums in exchange for the full features of Evolve Term.
• Sun Life Essential Term: a non-renewable, non-convertible term life insurance that’s more affordable than Evolve Term with a rating.
• Sun Life Achievers Term: a solution tailored for Clients with type 2 diabetes. It’s non-renewable, non-convertible term insurance, with health goals for Clients to achieve. Within 1-year, we’ll remind Clients to re-submit labs, and if they meet or maintain the health goals, we’ll maintain their coverage and premium. 
• Sun Life 1-Year Bridge Term: coverage for one year to give eligible postponed Clients time to resolve any tests or diagnoses​. After one year, the Client can re-apply for life insurance.

Benefits for Clients

• Canadians living with Diabetes have a higher chance of approval and more affordable coverage.
• Clients get access to the Diabetes Care Program to help them manage their condition.

Important note

Clients must give Sun Life authorization to disclose medical information to you. If the Client does not give authorization to disclose medical information to you, their advisor at the time of sale, we may not be able to offer Term for Diabetes solutions.

See the sample policy pages for details about Sun Life Essential Term and Sun Life Achievers Term.

Will a Client be approved?

If a Client has a combination of diabetes and other health history or risk factors, there are unfortunately instances where we will be unable to offer coverage. These include, but are not limited to:

• Clients with type 2 diabetes who are declined for another personal or medical cause such as cancer, cirrhosis, kidney failure, drug use, criminal activity, etc 
• History of stroke, including multiple mini strokes
• Significant coronary artery disease or multiple heart attacks 
• BMI greater than 47.5
• Chronic pancreatitis
• Uncontrolled blood pressure
• Any evidence of non-compliance with diabetes medication or irregular follow up
• Any severe complications of diabetes like kidney failure, multiple episodes of diabetic coma or one episode of coma in the past 12 months

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