We would like to share with you three important points about our SunTerm enhancements and new life insurance underwriting requirements, effective June 24, 2013 (today).
- Changes in premiums
Reduced premiums for SunTerm 10 and SunTerm 20 that will give you the opportunity to provide your clients with extremely competitive rates.
- Changes in underwriting
For all of our life insurance products, we have removed vitals and lab requirements for face amounts under $500,000 and for ages 40 and under.
- Changes in rate banding
A new $5 million rate band will help meet the needs of your affluent clients.
For your clients, premiums will be lower with less medical requirements needed.
For you, the revised underwriting requirements make it easier and efficient to do business with Sun Life Financial.
Attached you will find a document explaining the transition rules of obtaining new/old rates, and also the full message that was distributed in our NewsFlash letter. If you prefer to download the software upgrade, here is a link you can use beginning on 24 June 2013 when the changes will be in effect.