Sun Life Financial was established in 1865, which makes it one of the oldest insurance companies in Canada. Throughout the company’s long history, it has developed its core goals of improving the health and wealth of its personal lines clients, and helping its business clients to care for their employees.
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Sun Life Financial
| Founded | 1865 |
|---|---|
| Headquarters | Toronto, Ontario |
| Employees | 30,000 (2015) |
| Insurance Products | Life, Health, Dental, & Disability Insurance |
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Company Overview
Sun Life Financial Canada deals primarily in life, travel, and health insurance for its personal lines and employee benefits for its commercial lines. Customers looking for personal home and auto insurance can use the Sun Life referral service to get a 10 percent discount on products offered by belairdirect.
Sun Life Canada offers advantages to its customers such as:
- The financial stability that comes with being a customer of one of the largest insurers in the country
- An international underwriting division that is made up of a diverse group of industry professionals
- Working with an insurance company that believes that it must have a positive impact on every community it services
- A team of financial experts who can help Sun Life customers protect their finances as well as their health
Sun Life Canada Advantages
Sun Life Canada has touched millions of lives in Canada through its various personal insurance lines, its corporate benefits packages, and its retirement services. The company also uses its international experience in underwriting and customer service to help enhance customer satisfaction throughout Canada. Some of the major strengths of Sun Life Canada that keep customers happy and bring in new customers on a regular basis include:
- Lifetime Financial Security – The Sun Life Canada corporate motto is that it wants to help its customers achieve lifetime financial security. Customers can gain a lot of confidence when a large corporation that has the right kind of insurance and investing products takes an interest in their personal financial success. The company encourages customers to look at all of its products and consider how much can really be done to improve everyone’s health and wealth.
- Specialized Corporate Benefits – Sun Life Canada has developed a reputation for working hard to create wellness programs and health benefit coverage for businesses that is designed to improve the overall health of employees. This is a company that understands that a healthy staff means a more productive staff, and it also means lower health benefits costs.
- Taking An Interest In Customers – Sun Life Canada has one of the more aggressive sustainability policies among Canadian insurance companies. The idea is for the company to invest in community initiatives that promote healthy lifestyles and smart financial decisions. Healthy customers are long-term customers, and people with wealth will always need the financial services of an organization like Sun Life Canada.
Sun Life Canada’s Insurance Products
Sun Life Canada has a list of insurance products that focus on keeping customers healthy as they grow and protect their wealth. The company also wants happy business clients that are able to offer their employees competitive benefits.
Health Insurance
From short-term medical needs to long-term illness concerns, Sun Life Canada has a complete set of personal health insurance products that apply to every member of the family. The major components of the company’s health insurance lines are:
- Personal health insurance for individuals and families
- Critical illness coverage
- Long-term care protection for a variety of conditions
- Personal disability insurance
Life Insurance
Sun Life Canada is well-known throughout Canada for its customizable life insurance products that can also grow in financial value. Whether you need insurance to cover your short-term plans or a life-long policy that gains equity over time, you will find the coverage you need. The types of life insurance available are:
- Term life
- Permanent (whole) life with the possibility of accrued value
- Participating life with a tax-free investment account
- Universal life with a broad range of investment options
Travel Insurance
The Sun Life Canada travel insurance program helps customers during all types of traveling situations from emergency medical situations to recovering lost luggage. Coverage types include:
- Protection for Canadians traveling domestically or out of the country
- Protection for travelers outside of Canada coming into the country
Mortgage Protection Insurance
Sun Life Canada offers a special mortgage protection program that will pay your mortgage payments if you become too ill to work or pass away unexpectedly.
Small Business Insurance
Sun Life Canada can create a benefits package for your business that includes investment options for retirement accounts and insurance that covers:
- Medication
- Vision care
- Hospital costs
- Paramedical costs
- Medical expenses related to travel incidents
- Dental coverage
- Health insurance programs
- Wellness programs
- Life insurance coverage
Get a Life Insurance Quote Today
Get a Quote nowWe have more markets and more choice than any other broker in Ontario. Speak with a broker today: 1(403)8000267
Rating: .5
.5 /5 stars
Terrible insurer
My claim was denied because my prescription was "out of date". My prescription says: "Renewal for life…". Arguing with the representative was a pure was of time. They kept teling me a needed a new one even tough it was still valid for life…They're wasting both my time and the doctor's time. Always trying to find loophole to not pay the insuree. Its disgusting.
Rating: .5
.5 /5 stars
Don’t buy Sunlife Canada. STAY AWAY! They will steal your money!!
I haven’t read anyone with this story and now I will warn everyone! I applied online for the Health Insurance, nothing communicated for 2 weeks….pure silence no email or mail. So I called Customer Service, told them just cancel my application since I’ve applied elsewhere and got it in 2 days!! After 5 minutes of low IQ conversation they finally agreed they will put in the form to cancel it. 5 days pass…then I see money taken from my account. I called to ask why was I charged despite me asking to cancel it. They couldn’t answer it and instead ask me “Do you still want to cancel?” (They also asked for my Sunlife ID number… I still haven’t received any mail or communication of approval so I still didn’t have a number) I told them YES CANCEL! They said ok. I asked “Will I get a refund?”, and they told me they didn’t know. It’s been another 15 days since. No communication, mail arrived with my ID, and no money refunded! Be WARNED! THEY’RE FORCING YOU TO STAY WITH THEM! YOU CAN’T LEAVE!! Big Corporations will always bully you!
Rating: .5
.5 /5 stars
The worst
Worse company ever. Once your money is there, You that is no longer yours. Worse staffs….
Rating: .5
.5 /5 stars
DONT TRUST SUNLIFE
You guys charged me for my health plan on Feb 28 2023, which I had cancelled on January 30th. I phoned sunlife about the issue to refund me and waited on the phone for almost 2 hours. They said I will get refunded but it never came. After phoning 4 more times I got a written letter saying my check will be mailed soon 3-7 business days, and I received the letter on March 1st. I called again and just got nothing out of them. No guarantee of my money. April 20th and I have heard nothing and who knows where my money is. It’s like they don’t want to give me my money back. I was told the cheque was cancelled and rewritten with a rush on it and only going to take two business days, that was almost 2 weeks ago now. Where is my money??? I am disgusted on how much work, effort, and time to get my money back for services I didn’t use for that month and shouldn’t have been charged to begin with since I cancelled before months end. This is absolutely ridiculous and I now I am making this well known/sharing on every platform I can get my hands on till you I get my money in my account!
Rating: .5
.5 /5 stars
Don’t buy through them
This company will find any excuse not to pay you their wait time to process claims are months. They are truly a horrible company. Alberta Blue Cross is an amazing company there. Wait times are low. Their processing times are high and I never have issues with my claims being returned. They spend more time helping the client and then trying to take from them unlike Sunlife.
Rating: .5
.5 /5 stars
Time, Consuming wait with overly repetitive message.
Extremely time consuming phone wait times, with an overly repetitive message. Insurance company takes only snail mail x-rays to review major dental pre authorizations. This is in a digital era when most other of there major competitors will give a electronic response and take an electronic x ray file. Then they respond with an array of questions regarding missing dentation and questionnaire also has to be snail mailed.. COME ON!!
Rating: .5
.5 /5 stars
Catastrophic customer service
No communication and you have to waste a lot of your time calling and following up about your previous call…
They started my plan without even signalling that my application was approved. I didn’t have any account number or any welcome package and they insist that premiums should be paid for those ghost-months! On the phone after a couple of weeks of waiting for a reply to my concern, the representative tells me we can talk about it for another hour but the answer is no blah blah. When I tell Sunlife they didn’t communicate, and how I should read minds and know I was covered by SunLife, the representative just keeps silent. And I am told I can cancel.
I doubt they would still keep not communicating if you had to pay them a cent! Not impressed at all. I could give zero stars. Well deserved.
Rating: 1
1 /5 stars
Sun Life Finanical
Sun Life sent us to another Investment firm I G , to update our Sun Life policy’s In Shellbrook SK To make Insurance contract updates or payments. Way better at Canada Life. So far Canada life haven’t called law enforcement when we go to there office to make Life Insurance payments or policy changes , which Sun Life said that they would .Arrest us for this action .Make payments or Sun Life contract updates
Rating: 1
1 /5 stars
Worst customer service ever
You can leave voicemail, send emails, send faxes, and NODBOY cares to answer. You need to start all over and run after them for a response. When you are lucky to get a response, it’s usually by email so they don’t have to listen to you, and done so quickly in order to get rid of you. Most of the time, it it doesn’t make sense or answer the question you asked. Sent a fax and followed up to see if they received it. Nope. I just spent 30 minutes on phone to try to open an account on MySunLife so I can deal myself with my stuff, but their system is lousy and full of error messages. Clerk not helpful. Horrible mediocre customer service. The worst.
Rating: 0.5
0.5 /5 stars
Beware!
I was absolutely appalled by the underwriting done when trying to add my recently adopted, 8 year old daughter to my existing Sun-Life policy.
Well I understood her ADHD diagnosis and treatment being excluded as a pre-existing condition. It shocked me to read that because she has ADHD, Sun Life’s policy is to also exclude her coverage for any and all future psychological issues she may have as “pre-existing”. How can it be pre-existing when she has never been diagnosed or treated for the listed exclusions? Which included anti-depressant medications, anti-anxiety medications, anti psychotic medications, future therapy, and the list went on and on.
Not only is this a socially unacceptable viewpoint, but it is ethically and morally WRONG! If you are considering Sun-Life for your insurance needs, PLEASE RECONSIDER!
With ADHD diagnosis on the rise, companies with policies that stigmatize our children’s struggles and protect profits by betting on fact that those struggles will worsen, should NOT be supported. I call on Sun-life to change their viewpoint and policies on the mental well being of our children. People should not be afraid to seek help for their kids at the risk of their future insurability and the associated costs.
SHAME ON YOU SUN-LIFE! Do better, be better, but most importantly change! Please note that I have already cancelled my policy with Sun-Life and purchased a new exclusion free policy from Manulife (Who by the way were fantastic!)
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