Term for Diabetes

Advisor use only

Sun Life Term Insurance for Diabetes – sales process

Sun Life Term Insurance for Diabetes is the only term life insurance product tailored for Canadians living with diabetes. Term for Diabetes offers a higher chance of approval and affordable premiums. Clients who purchase a Term for Diabetes product will also gain access to the Diabetes Care Program including diabetes management resources by health experts.

Step 1:

  • Apply for Sun Life Evolve Term
  • Ensure the Client has provided authorization to disclose medical information

Step 2:

  • The Client is assessed and we're able to offer them one of three product solutions :
Term Insurance for Diabetes products

 

Evolve Term*

Essential Term

Achievers Term

Bridge Term

Term lengths

T5 – T40

 T5 – T20

T5 – T20

1-year term

Face amounts

Min: $50,000

Max: $25,000,000

Min: $50,000

Max: $2,000,000

Min: $50,000

Max: $500,000

Min: $50,000

Max: $1,000,000

Term renewals and conversions

Yes

Non-renewable and non-convertible

Important! Term for Diabetes is only available for single life plans. The policy owner and insured must be the same person.

Step 3:

  • You discuss with the Client which solution best meets their needs and they accept an offer for one of the Term for Diabetes products or Evolve Term. You provide them with a copy of the Client Guide for the product selected.  
  • We'll be in touch with the Client to get them started with the Diabetes Care Program.

Note:  Achievers Term and Bridge Term may also be offered when other life products are applied for.  

For more information on the features and benefits of Sun Life Term Insurance for Diabetes please contact your Sun Life Relationship manager  or refer to the advisor website.

*When a Client discloses diabetes please use the “Diabetes button” on the illustration software to illustrate Evolve to give Clients a more realistic expectation for the premiums of the final offer (the diabetes button illustrates at 150%).