Sun Life launches innovative insurance solution for Canadians living with diabetes

Insurance
19/05/2024 News

Sun Life has introduced a pioneering product, Sun Life Term Insurance for Diabetes, tailored specifically for Canadians managing diabetes. This industry-first offering provides a higher chance of approval, affordable premiums, and personalized care to empower individuals with diabetes.

"One third of Canadians are living with diabetes or pre-diabetes, and rates are rising quickly," said Rowena Chan, President of Sun Life Financial Distributors (Canada) Inc., and Senior Vice-President of Retail Advice & Solutions. "This solution helps people take control of their lives and long-term wellbeing. Along with valuable protection, Sun Life Term Insurance for Diabetes helps clients focus on healthy living while accessing holistic advice and innovative insurance solutions to achieve their financial and health goals."

Sun Life Term Insurance for Diabetes includes:

A higher likelihood of approval for term life insurance coverage.

Affordable premiums.

Access to Sun Life's Diabetes Care Program, which offers an evidence-based, personalized care plan. This includes one-on-one support, virtual education sessions with healthcare professionals, and diabetes-related resources.

Sun Life has partnered with Diabetes Canada to provide essential information and education to Canadians about living with diabetes. Jennifer Buccino, Executive Director of Diabetes Knowledge & Connection at Diabetes Canada, emphasized the importance of access to necessary care and treatments for managing diabetes effectively. "We are proud to partner with Sun Life to create positive health outcomes and fight diabetes."

Additionally, Sun Life has launched Sun Life Evolve Term Insurance. This innovative product allows clients to increase their coverage at certain life stages through a simplified underwriting process, catering to evolving needs such as marriage, adopting a child, or increasing a mortgage. Michael Van Alphen, Vice-President of Insurance Solutions at Sun Life, highlighted the commitment to helping clients achieve lifetime financial security by offering adaptable insurance solutions.

Since 2012, Sun Life has committed over $50 million globally to the fight against diabetes through strategic partnerships, emphasizing their focus on proactive and preventive health and wellness programs.

Related news & insights

SME Banking
14/06/2024 News

UOB launches SAGE programme to support SME sustainability

This initiative simplifies sustainability-linked financing for SMEs by offering preferential loan rates from UOB for those meeting pre-agreed sustainability performance...

Digital Reinvention
13/06/2024 Article

Financial Innovation Spotlight: June 2024 edition

We've handpicked five new and intriguing projects that caught our attention.

Mobility
13/06/2024 News

CA Auto Bank unveils sustainable development plan 2024-2026

Centered on Environmental, Social, and Governance (ESG) principles, the plan aims to foster impactful change across its operations.

ESG
13/06/2024 News

BIS and MAS unveil blueprint for climate risk platform

This initiative, known as Project Viridis, was developed at the BIS Innovation Hub Centre in Singapore.

Mobility
12/06/2024 Article

AutoMobility Insights - June 2024 edition

The latest news from the automotive industry curated and commented by the experts at Corporate Value Associates (CVA).

ESG
12/06/2024 Video

Setle + KBC: Empowering sustainable home renovations

Thibaut Nivelles, Founder of Setle, and Peter van Hees, Innovation Manager of the Ecosystems team at KBC, discuss their successful...

Insurance
12/06/2024 News

Discovery wins twice at the Qorus Innovation in Insurance Awards 2024

Discovery has claimed two top accolades at this year’s Qorus Innovation in Insurance Awards, at a ceremony in Lisbon showcasing...

Insurance
12/06/2024 News

Generali honoured at the Qorus Innovation in Insurance Awards 2024

The Group was awarded one gold and one silver: a new achievement in Generali’s innovation journey sees the Company continuing...