Sun Global Sentinel offers long-term security through “permanent coverage and guaranteed death benefit”.
It gives the potential for growing clients’ legacy through bonuses that may be applied to the contract and offers flexibility of tailoring the contract to one of three benefit plans and choosing a payment schedule.
The product is not available to citizens and residents of Bermuda, Canada and the US, and it is not available on a retail basis.
It is distributed by third party specialist insurance brokers, who serve the high net worth life insurance market.
“Sun Global Sentinel is a great timely addition to our product portfolio,” said Niall O’Hare, chief executive of Sun Life Financial International. “We will continue working on expanding our product offerings, creating more product choices for our high-net-worth clients.”
Sun Life Financial International, which is a unit of Toronto-based Sun Life Financial, focuses on high-net worth life and wealth solutions for families in Asia, Latin America, the Middle East and Africa.