Sun Life Canada

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Aug 20, 2020

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Company Details
Address: Sun Life Centre
City: Toronto, Ontario
State: CANADA
ZIP Code: M5H 1J9
Phone Number: 416-979-9966
AM Best Rating: 07101
Lines of Insurance: health, life, disability
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Holding Company
Parent Company: Sun Life Financial, Inc.
Top executive Contact: Donald Alexander Stewart
Title of Top executive: CEO
Ticker Symbol: SLF
Assets & Premiums: Sun Life Assurance Company of Canada (U.S.) -- known as \"the Sun Life U.S.\" -- had $40.3 billion (U.S. dollars) in assets at the end of 2005.
Company Rating 1.3 (23 reviews)

Company Overview:


Company History: Sun Life was originally a Canadian mutual life insurance company that was incorporated in 1865 and that demutualized in 2000 It subsequently adopted a publicly traded holding company structure. Sun Life Financial, Inc. is the holding company for the group which is led by Toronto based Sun Life Assurance Company of Canada. Sun Life Financial offers savings, retirement, pension products, as well as life and health insurance on an individual and group basis to customers in the United States, the U.K. and Asia. It also provides mutual fund and investment management services. An affiliated company, Sun Life Insurance and Annuity Company of New York, handles the distribution of Sun Life’s products in New York. In the U.S., Sun Life’s operations are aimed at targeting the upper income customers.
Principle Sales Methods: Sales of Sun Life Financial products and services company agents, independent agents, financial intermediaries, banks, benefit consultants and direct sales.

Life Annuity Business: Sun Life provides annuity and savings products and individual and group life and health as well as group pensions, retirement products and mutual funds in Canada, the U.S. and Asia. Most of the U.S. individual life insurance products are distributed through general agents and third party intermediaries in order to target customers who need estate planning, business insurance planning and other high end market needs. Asset management services are offered in Canada and the U.S. U.S. mutual funds accounted for 36% of the company’s 2006 revenues. Sun Life has $280 billion in assets under management. Sun Life has been emphasizing wealth management businesses such as annuities, pensions and mutual funds and has been expanding its Asian operations.

Health Business: Sun Life sells group life and health insurance in all of its markets and individual health insurance in Canada only.

23 Comments

  1. Anonymous December 3, 2007
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  20. Anonymous May 9, 2016
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  22. Anonymous October 30, 2017
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