What's New In Investments, Funds? – Sun Life Assurance Company Of Canada, Singapore

Editorial Staff

17 July 2023

The Singapore branch of has pitched high net worth and ultra-HNW individuals with the launch of a new universal life policy.

The offering is called SunBrilliance Indexed Universal Life.

The firm said the life policy adds to its mass-affluent, HNW and UHNW solutions, following its Future - S Whole of Life policy.

“Across Sun Life’s integrated high net worth platforms in Singapore, Hong Kong and Bermuda, we observed an increased interest in exploring alternative life insurance protection solutions amid a backdrop of volatile macroeconomic conditions and a global rise in interest rates,” Michael Wei, chief partnership and marketing officer, Sun Life Singapore, said. “There’s also been a growing trend of investment savviness where clients are seeking investment elements within their policies while wanting to enjoy lifetime coverage.”

The policy’s benefits include: lifetime coverage for protection, delivered through an indexed account linked to the S&P 500 index performance with the possibility of an additional 20 per cent of the index return; downside protection with zero per annum floor on the indexed account return; and a minimum guaranteed 2.5 per cent per annum crediting rate for the fixed account in the first 20 years providing peace of mind.

Another feature is “Legacy Plus,” which allows the death benefit to be paid out in annual instalments for up to 10 years.

As of 31 March 2023, Sun Life had total assets under management of C$1.36 trillion ($1.02 trillion).