New Sun Life product to boost dollar earnings

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SUN Life Financial Group has launched a new insurance product that enables clients to maximize their dollar-denominated investments and earning power.

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“In line with its efforts to help clients further enhance their investments, Sun Life Financial brings back Sun Dollar Maximizer, an investment-linked life insurance product that provides protection for up to seven years, while boosting the dollar’s earning power,” the company said in a statement.

Sun Dollar Maximizer allows a client to take advantage of opportunities in global investments, and provides access to world-class fund managers.

The product adopted Deutsche Bank’s (DB) World Titans Strategy which grants a tactical asset allocation approach between global bonds, equities, cash, and commodities, depending on changing market conditions.

“This ensures a balanced growth environment for the client’s investment,” Sun Life said.

With an access to wider asset classes, the client’s investment capital is strongly protected.

Regardless of the fund’s performance, the client will receive at least a full single premium at the end of a seven-year holding period, which is still subject to certain conditions.

“Sun Life recognizes that our experienced investors are eager to diversify their dollar assets, and so we’re offering another alternative to meet their wealth management preferences,” Sun Life Financial Chief Marketing Officer Mylene Lopa said.

“With the Sun Dollar Maximizer [World Titans], they can protect their loved ones, and also ensure that their future is financially secure by optimizing their dollar investment,” she added.

Established 150 years ago, Sun Life is a global life insurance company which operates in various markets including Canada, US, United Kingdom, Oreland, Hong Kong, the Philippines, Japan, Indonesia, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.

At present, the company is expanding its US Group after it moves to acquire two US-based companies within the year.

Recently, Sun Life said it is acquiring 100 percent of US-based employee benefits firm Assurant Inc. for $975 million, after it closed the buyout of North American property investment managing firm Bentall Kennedy Group for $560 million.

As of end-June, the group had total assets under management of 808 billion Canadian dollars or $606.76 billion.

Canada’s Sun Life Financial, Inc. is listed on the Toronto, New York and Philippine stock exchanges under the SLF ticker symbol.

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