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Getting Started
It's important to first gather your personal financial information and carefully assess your family's expected financial needs. This can be done first on your own with the use of a life insurance needs calculator and then with the assistance of a highly-skilled insurance professional or financial advisor. Once you have determined the amount of life insurance you think you might need, you'll then need to determine what type of insurance works best for you.
If your needs are for a quantifiable period of time, such as until a mortgage is paid off or a child graduates from college, term life insurance may work best for you. If you desire coverage that lasts for your whole life, permanent insurance, such as whole life, universal life, or variable universal life, may best suit your needs. You'll also need to determine if you'll prefer a single-life policy, where your life is the only one that is insured, or what's called a survivorship policy, where you and your spouse apply jointly and the life insurance benefits are transferred at the second death.
Next, you'll need to take steps to apply for coverage. For term insurance products, you can either shop via the Web, or contact an insurance professional or financial advisor. For permanent insurance products, such as whole life, universal life, or variable universal life, you can rely on the expertise of an insurance professional or financial advisor, who can help you evaluate your needs and start the application process.
Learn more about the different types of life insurance by clicking on the product categories at the top of this page.
Term, Whole life and Universal life insurance are issued by Sun Life Assurance Company of Canada. Variable universal life insurance is issued by Sun Life Assurance Company of Canada (U.S.) and offered by registered representatives of firms that have entered into distribution agreements with us and our affiliate, Sun Life of Canada (U.S.) Distributors, Inc.
09/00 SLPC 6268
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