Sun Life insurance in Canada: The facts behind the myths

Sun Life is one of Canada’s most established life insurance providers, offering everything from basic term coverage to flexible estate planning solutions. However, with size, history, and visibility comes speculation. 

From assumptions about pricing and underwriting to concerns about claims and flexibility, there are several misconceptions surrounding Sun Life insurance in Canada. 

Quick summary: Sun Life insurance myths vs. facts

Common myths about Sun Life insurance explained

Myth 1: “Sun Life insurance is too expensive”

Why this myth exists

Sun Life is one of Canada’s biggest insurers. Many people assume that larger companies automatically charge higher premiums. Others compare permanent policies to basic term coverage and conclude the insurer is “expensive” without comparing similar products.

The reality

Sun Life offers both term and whole life insurance. Term policies are designed to provide affordable coverage, especially during high-responsibility years, such as paying off a mortgage or raising children.

Premiums depend on age, smoking status, health history, coverage amount, and policy type. For healthy applicants in their 20s and 30s, entry-level term coverage can be competitively priced within the Canadian market.

For example, a healthy 30-year-old male could pay roughly $32 per month for $1 million coverage for a 10 year term under Sun Evolve Term.

Costs may only increase when you choose permanent insurance, add riders, or apply later in life (which is true across all insurers, not just Sun Life).

Myth 2: “If I’m not perfectly healthy, I won’t qualify”

Why this myth exists

Many applicants assume life insurance approval is binary: either you’re in perfect health or you’re declined. Since Sun Life is a large, established insurer, some people believe its underwriting standards must be extremely strict, like for applicants with diabetes or high blood pressure.

The reality

Sun Life, like all major Canadian insurers, evaluates applicants based on overall risk and then determines eligibility, pricing, and possible exclusions. A health condition does not necessarily mean a decline. In many cases, stable and well-managed conditions may be insurable, though possibly at a higher cost.

Importantly, Sun Life also has specific plans for people with pre-existing conditions. For instance, Sun Life offers a dedicated term insurance solution designed specifically for individuals with diabetes.

Sun Life also offers simplified issue options in Canada, which may require fewer medical questions but often come with lower coverage limits. Imperfect health rarely means “zero options.”

Myth 3: “Term insurance with Sun Life has no long-term flexibility”

Why this myth exists

A common pushback against term insurance is that it’s temporary and you’re stuck when the term ends. That leads many to assume Sun Life term policies offer no future flexibility.

The reality

Sun Life offers term products that include conversion options and flexible term lengths. Its “Evolve Term” comes with flexible term lengths (5 to 40 years), allowing buyers to match coverage to specific milestones.

Most importantly, the plan offers conversions from term to permanent coverage when needed (an important flexibility feature that counters the myth).

This matters if you later decide that you want lifelong coverage, or if your financial planning needs evolve over time.

Myth 4: “Claims with large insurers like Sun Life are always difficult”

Why this myth exists

Large companies attract more complaints in absolute numbers, simply because they serve more customers. That, combined with viral “claims denied” stories, creates a perception that big insurers make claims difficult.

The reality

Sun Life provides clear, step-by-step guidance for life and health claims on its website. Claims complexity generally varies by case, including cause of death, policy type, and investigative needs. Sun Life lists multiple submission methods and clearly shares requirements to reduce surprises.

In straightforward cases, such as a policy that has been active beyond the contestability period (generally contestable for the first two years) and where cause of death is clear, claims are typically processed once documentation is complete and as per policy terms.

Where delays occur, they’re usually related to incomplete paperwork, cause-of-death investigations, policies still within the contestability window, or misrepresentation at application. These are industry-wide standards, not insurer-specific barriers.

Large insurers like Sun Life in Canada also tend to have established claims departments, digital submission options, and structured escalation processes, which can improve predictability.

Note: most Canadian life policies include a suicide exclusion and a contestability period in the early policy years; review your contract wording and the insurer’s claims page for specifics.

Myth 5: “Sun Life only offers basic term insurance”

Why this myth exists

Sun Life is widely known for its term insurance offerings, especially for mortgage and income replacement needs. Many consumers assume that’s the extent of its product lineup.

The reality

If you only look at term pricing, you’re seeing one segment of the offering. Sun Life’s portfolio includes both protection-focused and wealth-building life insurance solutions.

Sun Life offers multiple types of life insurance, including:

• Term life insurance
• Participating whole life insurance
• Universal life insurance

The right fit depends on whether your priority is affordability, lifelong coverage, estate planning, or a combination of these goals.

Myth 6: “Sun Life policies are only for high-income individuals”

Why this myth exists

Sun Life offers life insurance coverage amounts that can go as high as $25 million, depending on underwriting approval.

Due to this, many people associate Sun Life primarily with affluent families, business owners, and high-income professionals.

The reality

Sun Life has the capacity to underwrite large face amounts for estate planning and wealth transfer; however, its product lineup isn’t limited to high-net-worth clients.

Sun Life also offers:

• Term insurance designed for income replacement
• Coverage structured for mortgage protection
• Entry-level coverage amounts
• Short- and mid-term durations

The same insurer that can underwrite multi-million-dollar estate policies can also issue straightforward term policies for everyday financial protection needs.

Myth 7: “Sun Life automatically rejects high coverage amounts”

Why this myth exists

When applicants request multi-million-dollar coverage, the underwriting process becomes more detailed.

Medical exams or longer review timelines can feel like resistance. If someone experiences extra scrutiny during a large application, it’s easy to interpret that as reluctance to insure.

The reality

Sun Life offers coverage limits that can extend up to $25 million, depending on underwriting approval.

Higher amounts typically require:

• Medical evidence
• Financial justification
• Full underwriting review

This is standard across major insurers. The requirement for documentation reflects risk assessment, not unwillingness to insure.

Myth 8: “Sun Life underwriting is slower than other smaller insurers”

Why this myth exists

With the rise of various small and digital-first insurers offering simplified applications, some buyers assume larger insurers like Sun Life operate more slowly or require excessive paperwork.

The reality

Underwriting timelines depend more on coverage amount, medical complexity, and required documentation.

For straightforward term applications, underwriting can move efficiently. Delays typically occur when medical records are required, financial justification is needed, or there are complex health disclosures.

Larger insurers often have dedicated underwriting teams, medical directors, and structured review systems capable of handling both standard and complex cases.

Speed-it-up tips: respond quickly to forms and e-consents, book medicals promptly if needed, have your doctor’s details handy, and keep recent test results accessible to reduce follow-up delays.

Myth 9: “Sun Life participating policies always pay high dividends”

Why this myth exists

Sun Life’s participating whole life policies are often discussed in the context of dividend performance. Over time, participating policies can generate dividends based on the insurer’s participating account performance.

Some buyers assume dividend payouts are guaranteed or consistently high because Sun Life is a large, established insurer.

The reality

Dividends in participating whole life policies are not guaranteed. They depend on factors such as:

• Investment performance of the participating account
• Mortality experience
• Expenses
• Interest rate environment

Sun Life has a long history in the participating space; however, dividend scales can change over time. Participating policies provide stability and potential growth, but they should not be treated as fixed-return investment vehicles.

Myth 10: “Sun Life term policies are only available through workplace plans”

Why this myth exists

Sun Life is highly visible in group benefits and employer-sponsored coverage. Many Canadians first encounter the brand through workplace health or life insurance.

This creates the assumption that Sun Life coverage is primarily employer-based.

The reality

Sun Life offers both group insurance and individual retail policies.

Workplace coverage:

• Is typically limited in amount
• May end when employment ends
• Is not always portable

Individual Sun Life policies:

• Are personally owned
• Remain in force regardless of job changes
• Can offer higher coverage amounts
• Can include conversion privileges

The brand’s strong group presence doesn’t limit its individual offerings.

Is Sun Life a good life insurance company in Canada?

Sun Life is one of the largest and most established life insurance providers in Canada. It offers both individual and group insurance products, along with term, participating whole life, and universal life options. Whether it’s “good” for you depends on your coverage needs, budget, and long-term financial goals.

How much does Sun Life life insurance cost?

Premiums depend on age, smoking status, health history, coverage amount and policy type. Term insurance is generally more affordable than permanent coverage. Permanent policies cost more because they provide lifetime protection and may include cash value or dividend components. The best way to determine pricing is through a personalized quote based on your profile.

Does Sun Life offer term-to-permanent conversion?

Yes. Sun Life term policies typically include conversion options within specified timelines. This allows policyholders to convert their term coverage into permanent insurance without undergoing new medical underwriting, provided eligibility conditions are met.

What is the maximum coverage amount Sun Life offers?

Sun Life can underwrite coverage amounts up to $25 million, depending on the product and underwriting approval. Higher coverage amounts require medical and financial documentation, which is standard across major insurers.

Does Sun Life only offer insurance through employers?

No. Sun Life provides both group (workplace) insurance and individual retail life insurance policies. Individual policies are personally owned and remain in force regardless of employment changes.

Sun Life term life costs vs other insurers in Canada

With a maximum coverage limit of $25 million, Sun Life manages to offer competitive term life insurance costs in Canada. Here’s a table depicting the cost of a $2M term life insurance policy offered by some of the popular insurers in Canada: Sun Life, iA, Desjardins, Manulife, and RBC Insurance.

Why choose Sun Life term life insurance in Canada

Sun Life term life plans come with several benefits, such as those listed below:

• It has a longer term length of 5-40 years, giving you the flexibility to choose a suitable term length
• The term plan can be renewed to age 85 without medical evidence and converted to permanent life insurance to age 75
• There are multiple coverage options to choose from: single, joint first-to-die, or joint last-to-die
• It offers a coverage limit of up to $25 million, which is quite high compared to many term life insurance policies in Canada
• There is an option to customize the policy with add-ons like child term, guaranteed insurability, disability waiver, renewal protection, and business value benefit. These add-ons are, however, available at an additional cost

How to reduce Sun Life term life cost in Canada?

The cost of Sun Life term insurance plans depends on a number of factors, such as health status, coverage amount, add-ons, age, and a few more. Here’s how you can optimize the Sun Life term life cost in the best possible way:

• Maintain a good health status: Sun Life term life quotes are largely based on how healthy you are, which depends on your lifestyle. When you have a healthy lifestyle, you will easily be able to qualify for affordable rates at Sun Life. Additionally, if you quit smoking for at least a year, you may become eligible for non-smoker rates, which are typically lower than smoker premiums
• Choose the right coverage: You must choose the coverage you really need. Pick a coverage amount based on your income, financial obligations, and the costs associated with your dependents
• Apply when you are young: Age is one of the most important factors affecting term life insurance costs. The older you get, the higher the term insurance premiums. Buying early can help you get Sun Life term life plans at more affordable rates
• Speak to our licensed advisors: To get the most affordable rates, speak to our licensed advisors at PolicyAdvisor, who will help you get the best rates. We will help you choose the right strategy and ensure it fits your financial and estate planning goals. Schedule a consultation with our advisors now!

Is Sun Life term life insurance competitive compared to other insurers?

Sun Life generally offers competitive pricing, but rates vary by insurer and individual health profile. For $2M in coverage, Sun Life has an estimated premium of $43.65/month, while other insurers such as Desjardins, iA, RBC, and Manulife have premiums of $46.80, $48.60, $49.32, and $49.52, respectively.

How much does Sun Life term life insurance cost in Canada?

Sun Life term life premiums depend on age, gender, smoking status, health class, coverage amount, and term length. Speak to our licensed advisors to get exact rates for your Sun Life term life insurance policy.

What is the most popular term life plan that Sun Life offers?

The most popular term life plan that Sun Life offers is Evolve Term. This policy has a term length of 5-40 years and is renewable and convertible. This policy provides coverage up to $25 million.

Is Sun Life a good insurance company?

Yes, Sun Life is a reputable insurance company in Canada, backed by strong financial ratings. It’s Evolve Term insurance is a flexible term insurance policy that can be adapted as per evolving needs. Sun Life Evolve Term insurance can also be customized with riders like accidental death benefit rider, child term rider, disability waiver rider, Guaranteed insurability benefit rider, and a few more.

Why Sun Life vs. Manulife is a common comparison

When people in Canada start looking for term life insurance, two names consistently pop up online: Sun Life and Manulife, not because of aggressive marketing but because both companies have deep roots in the Canadian insurance landscape and offer broad, accessible term life options.

Both Sun Life and Manulife have been operating in Canada for more than a century. Both offer multiple term lengths. Both allow policies to be renewed. Both provide the option to convert certain term plans into permanent life insurance later on.

Due to that overlap, buyers often end up comparing them directly. When two providers offer similar coverage structures alongside strong reputations, the decision shifts from “Is this company reliable?” to “Which one fits my situation better?” That’s where the comparison becomes meaningful.

Instead of vague statements like “both are great,” let’s break down Sun Life and Manulife side by side – looking at the plans’ structure, features, flexibility, and buyer fit, so you can understand not just what they offer, but which one may align better with your priorities.

Sun Life vs. Manulife at a glance

Both Sun Life and Manulife are major players in the Canadian insurance market with long histories and global reach, but there are some meaningful distinctions in size, focus, and operations.

About Sun Life term life insurance

Sun Life offers multiple term life insurance plans in Canada designed to support different buying preferences, coverage needs, and underwriting requirements. Out of them, Sun Life Evolve Term is Sun Life’s most customizable term product. It is a fully underwritten term life insurance product offering:

• Term lengths from 5 to 40 years
• Coverage limits of up to $25 million
• Option to convert to a longer term length
• Option to increase the coverage amount (but require new underwriting)
• Eligible for conversion to permanent insurance

Besides these, Sun Life also offers Sun Life Go Term plans, which are simplified term life insurance options designed for quick online applications.

These plans provide lower maximum coverage than Sun Evolve and may carry higher premiums. For higher coverage amounts, more competitive pricing, flexible term structures, and multi-life planning, Sun Life Evolve may be more suitable.

Previously, Sun Life offered SunTerm and SunSpectrum Term as its standard term life insurance products, but both have since been replaced by Evolve Term, a unified and more flexible term solution.

Key features of Sun Life term life insurance

Sun Life’s term portfolio is built around flexibility, renewability, and long-term conversion options. Here are the core features that define Sun Life Evolve term insurance plan:

1. Guaranteed renewability: Sun Life term life insurance plan is designed to be automatically renewable without the need for further medical evidence, ensuring that protection remains in place even if the insured’s health declines over time. This coverage can be maintained until the policy anniversary nearest the insured person’s 85th birthday.

2. Conversion to permanent insurance: For those whose financial goals shift over time, the plan offers high-level flexibility through the ability to convert to permanent life insurance. This conversion does not require additional medical evidence. The option remains available until the policy anniversary nearest the insured’s 75th birthday.

3. Multiple term length options: To ensure coverage aligns perfectly with specific life milestones, Sun Life provides flexible term lengths ranging from 5 to 40 years. These varied durations allow individuals to tailor their insurance to match the timeline of a mortgage, specific income protection years while raising a family, or complex estate planning strategies.

4. Flexible coverage structures: The plan offers flexible coverage structures that include single life, joint first-to-die, and multiple life configurations. By allowing up to five insured individuals under a single policy, these structures effectively support both comprehensive family protection and sophisticated business succession planning.

5. Optional benefits and riders: Policyholders can further customize their security through a wide array of optional riders. These riders include:

• Child term benefit
• Guaranteed insurability benefit
• Accidental death benefit
• Total disability waiver benefit
• Owner waiver disability benefit
• Business value protection benefit
• Partner protection benefit

6. Living benefit access: Sun Life provides a compassionate living benefit, which may grant policyholders access to up to 50% of their basic insurance amount (up to a maximum of $250,000) if they are diagnosed with a terminal illness. This benefit is offered on a discretionary basis to provide financial support during exceptionally difficult times.

7. Survivor benefit: In the event of a loss under a joint policy, the survivor benefit allows the remaining insured person to purchase life insurance to replace the joint coverage within 90 days without providing new medical evidence. Additionally, this feature provides enhanced security by ensuring the base coverage amount is paid out twice if both insured individuals pass away simultaneously or within 90 days of one another.

Pros and cons of Sun Life term life insurance

About Manulife term life insurance

Manulife term life insurance provides affordable financial protection for you and your loved ones in case of death during a specified period. The company offers several term life options intended to fit different needs, ranging from simple, easy-to-apply plans to more structured family plans with higher coverage limits and optional wellness-linked features.

1. Manulife Family Term

• Designed for family or business protection
• Available as single life or multi-life coverage
• Lower premiums if you protect two or more people under a single policy
• Pay level premiums for 10 years, 20 years, or to age 65
• Broad coverage range ($100,000 to $20 million)
• Optional riders, such as disability waiver
• Includes a terminal illness benefit 
• 30-day money-back guarantee 

2. Family Term with Vitality Plus

• Includes access to the maximum benefits of the Manulife Vitality program
• Potential rewards or premium benefits based on healthy lifestyle engagement
• Track physical activity and health goals through the Vitality platform
• Incentives may include gift cards, device discounts, etc
• Pay level premiums for 10 years, 20 years, to age 65, or for life
• Broad coverage ($250,000 to $25 million)
• Same term options: T10, T20, and T65
• Includes coverage for bereavement counselling costs up to $1,000
• Includes a terminal illness benefit

Besides these, Manulife also offers CoverMe term life plans, including Term 10, Term 20, and Easy Issue options. These plans are designed for simplified online purchase but come at significantly higher prices. For higher coverage amounts, affordable premiums, flexible term structures, and multi-life planning, Manulife Family Term is a more comprehensive offering.

Key features of Manulife term life insurance

Across its term life products, Manulife’s term portfolio focuses on guaranteed premiums, renewability, and optional wellness-linked features.

1. Level, guaranteed premiums: Manulife’s term life insurance solutions are structured around level, guaranteed premiums, ensuring that your costs remain fixed and predictable throughout the entirety of your selected term.

2. Multiple-term options: Manulife offers several multiple-term options designed for different life stages. These include Term 10 (T10) and Term 20 (T20) for shorter or mid-range needs, as well as Term 65, which provides consistent coverage specifically until the insured reaches age 65.

3. Convertibility: Another key advantage of these plans is convertibility, which allows for a seamless transition from temporary term coverage to permanent life insurance. Because this conversion typically does not require new medical evidence, it serves as a vital tool to preserve insurability.

4. Multi-life flexibility: For families and business partners, the multi-life flexibility of these policies allows for the coverage of multiple individuals under a single contract. This structure is particularly suitable for family income protection or business succession planning.

5. Manulife Vitality integration: Unique to their offering is the Manulife Vitality integration, a wellness-linked program that rewards policyholders for engaging in healthy activities. Beyond potential rewards and benefits tied to a healthy lifestyle, the program includes practical support such as bereavement counseling coverage of up to $1,000 for those with Vitality Plus benefits, adding a layer of emotional support to financial protection.

6. 30-day money-back guarantee: Manulife provides peace of mind from the start with a 30-day money-back guarantee. This allows you to review your policy thoroughly and, if you choose to cancel within the first 30 days of receiving it, Manulife will refund the premiums paid. This feature ensures you can commit to a plan with the confidence that it truly fits your needs.

Pros and cons of Manulife term life

Sun Life vs. Manulife comparison

Our Ratings

Who should choose Sun Life?

Sun Life term plan may be a better fit for buyers who value flexibility and rider customization within their term policy. Its plan is designed for people who want more control over how their coverage evolves. It suits buyers who think beyond just price and focus on long-term insurability and planning. Choose Sun Life if:

• You want precise term alignment. If you’re trying to match coverage exactly to a mortgage, loan schedule, or business obligation, Sun Life’s flexible term lengths (including 5, 15, or up to 40-year options through Evolve) may allow more precise planning.
• You want the ability to exchange terms early. If you’re unsure whether 10 or 15 years will be enough, Sun Life’s term exchange feature (10/15 to 20/30 within the first five years without medical evidence) can provide flexibility if your needs change early in the policy.
• You anticipate evolving business needs. Sun Life offers business-focused riders such as partner protection and business value protection. If you are a business owner, this added customization may be important.
• You prefer wider rider options. If optional benefits like child term riders, guaranteed insurability, disability waivers, or accidental death coverage are priorities, Sun Life provides broader rider selection across its advisor-based plans.

Who should choose Manulife?

Manulife Family Term may appeal to buyers who want more than just basic term coverage, particularly those who value lifestyle-linked engagement, structured retirement planning, and the option of lifetime coverage. Choose Manulife if:

• You’re interested in wellness-linked rewards. Family Term with Vitality Plus integrates the Manulife Vitality program, which encourages healthy behaviour through activity tracking and reward incentives. For buyers who like the idea of engaging with their policy, this can be a meaningful differentiator.
• You want coverage aligned to your working years. Term 65 (T65) provides protection up to age 65, aligning coverage directly with income-earning years. This can simplify retirement planning without requiring policy renewal beyond that age.
• You are insuring multiple individuals under one contract. Family Term allows multi-life coverage and may offer efficiencies when protecting two or more insured individuals under a single policy. It also comes with additional support features, such as bereavement counselling.

Final Verdict: Sun Life or Manulife

Best overall: Sun Life

Sun Life earns a slight overall edge due to slightly flexible term options and broader rider selection. For buyers focused on long-term planning depth rather than just short-term coverage, Sun Life might be better.

Best for price: Tie

It depends on the underwriting profile. Both Sun Life and Manulife offer competitive pricing depending on age, health, coverage amount, term length, etc. Actual pricing will vary by individual risk profile. Comparing quotes side by side can be helpful.

Want to see how your personal pricing compares between Sun Life and Manulife? PolicyAdvisor can generate personalized term life quotes so you can choose confidently.

Best for flexibility: Sun Life

Sun Life takes the lead here. It offers various flexible term lengths from 5 to 40 years to choose from, term exchange options (10/15 to 20/30), multi-life structuring (up to five insureds), broader rider customization, and more.

Best for high coverage needs: Tie

Both insurers support high coverage amounts. Sun Life’s advisor-sold products offer coverage of up to $25 million, while Manulife Family Term supports coverage of up to $20 million, and Vitality Plus plans offer coverage of up to $25 million.

Best for wellness-linked benefits: Manulife

Manulife is better. The Family Term with Vitality Plus plan includes a wellness rewards program and a bereavement counselling benefit (up to $1,000). This adds a lifestyle engagement component that Sun Life’s term products do not include.

Best for structured business planning: Sun Life

Sun Life’s term products include business-focused riders such as partner protection and business value benefits, along with multi-life structuring. This may suit business owners seeking a more tailored protection design.

Which insurer offers higher term life coverage limits: Sun Life or Manulife?

Both insurers offer substantial coverage amounts. Sun Life’s advisor-sold policies can provide coverage of up to $25 million, while Manulife Family Term offers coverage of up to $20 million, with Vitality Plus plans extending up to $25 million.

Does Sun Life or Manulife offer better flexibility?

Sun Life generally offers better flexibility. Its Evolve Term policy allows policyholders to choose custom term lengths ranging from 5 to 40 years, making it easier to match coverage with specific financial needs such as mortgage duration or income protection.

Can I convert my term life policy to permanent insurance?

Both Sun Life and Manulife Family Term policies may be convertible to eligible permanent life insurance products, subject to policy terms and deadlines.

Which insurer is better for business owners?

Sun Life may have an edge for business-focused planning due to riders such as partner protection and business value protection. Both insurers offer multi-life configurations, but Sun Life provides broader rider options tailored for structured business arrangements.

Does Manulife offer wellness rewards on term life insurance?

Yes. Manulife Family Term with Vitality Plus integrates the Manulife Vitality program, which provides activity-based rewards and includes bereavement counselling coverage. Sun Life term products do not include a wellness-linked rewards program.

Which term life insurance is cheaper: Sun Life or Manulife?

Pricing depends on your age, health classification, smoking status, and coverage amount. Both insurers offer competitive underwriting tiers. The best way to determine pricing is to compare personalized quotes side by side based on your profile.

Can I insure multiple people under one policy?

Yes. Both Sun Life and Manulife Family Term allow multi-life coverage structures. Sun Life supports up to five insured lives under one contract, while Manulife Family Term also supports multi-life configurations.

Is lifetime term coverage available?

Yes. Both insurers offer lifetime protection options. Manulife provides Term 100 (T100) with lifetime level-premium coverage, while Sun Life offers permanent life insurance products, and its term policies can be converted to permanent coverage before age 75 without new medical evidence.

Sun Life whole life insurance is one of Canada’s most trusted permanent coverage options. Founded in 1865, Sun Life has grown into a top-rated global insurer. With over 160 years of experience, Sun Life offers Canadians coverage that balances predictable growth, reliable cash value accumulation, and flexible options for long-term financial goals. It manages $1.62 trillion in assets and holds strong financial ratings, including A+ from A.M. Best and AA from S&P.

A key strength of Sun Life’s whole life insurance is its Participating Account, which holds approximately $21.2 billion in assets and supports over 400,000 active policies, one of the strongest par fund structures in Canada. In this review, we cover Sun Life’s key features, plan options, financial strength, and what makes it stand out among Canadian insurers.