In this article titled “Sun Life Financial Inc.” we shall study this Canadian insurance company squarely. Also, we shall look at some of the insurance services they offer. To enable us do this well, it is important we discuss these subtopics: Overview Of Sun Life Financial Inc., Financial Record Of Sun Life Financial Inc., Background Account Of Sun Life Financial Inc., List Of Board Of Directors At Sun Life, Insurance Services Offered By Sun Life Financial Inc. and Sun Life Insurance Phone Number.
Now, let’s proceed with the topic “Sun Life Financial Inc.”
Table of Contents
- 1 Overview Of Sun Life Financial Inc.
- 2 Financial Record Of Sun Life Financial Inc.
- 3 Background Account Of Sun Life Financial Inc.
- 4 List Of Board Of Directors At Sun Life
- 5 Insurance Services Offered By Sun Life Financial Inc.
- 6 Sun Life Insurance Phone Number
- 7 FAQs
- 8 Conclusion
Overview Of Sun Life Financial Inc.
Sun Life Financial Inc. is a public company that runs financial services. It came into existence in 1865 in Montreal Quebec and got established by Matthew Hamilton Gault. Meanwhile, its head office is located at Toronto, Ontario. The notable personnels in the company are William D. Anderson (Chairman) and Kevin Strain (President and CEO).
This company is also regarded as a life insurance company. It is an insurance company that is based in Canada. In terms of its progress under managing investments and assets, this company records over 1.3 trillion Canadian Dollars. Also, in terms of assets under administration, Sun Life Insurance Company controls more then 125 billion Canadian Dollars.
Some of the insurance services rendered by the Sun Life Insurance Company are: Dental insurance, Disability insurance, Health insurance, Life insurance, etc. This insurance company has a record of 50,000 employees as at 2021.
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Financial Record Of Sun Life Financial Inc.
- Revenue – CA$35.7 billion (2021)
- Operating income – CA$5.09 billion (2021)
- Net income – CA$3.93 billion (2021)
- AUM – CA$1.44 trillion (2021)
- Total Assets – CA$345.37 billion (2021)
- Total Equity – CA$28.07 billion (2021)
Background Account Of Sun Life Financial Inc.
The establishment of this insurance company commenced before the world was II. It initially bore “The Sun Insurance Company of Montreal” as Matthew Hamilton Gault founded it in Montreal, Quebec in 1865.
Then, in 1871, work fully commenced in the company. Subsequently, it expanded it coast to Central and South America, the United States, the United Kingdom, West Indies, Japan, China, Philippines, India, North Africa and other international markets. At that time, its notable service was life insurance. But, as it stands, it runs other insurance services.
On January 6, 1978, after the Quebec election, the Sun Life left Quebec which made it the first large company to do so. It was at that time that the company disclosed that they would relocate its headquarters to Toronto, Ontario. In 1979, the company commenced the building of the “Sun Life Centre” at University Avenue and King Street in downtown Toronto.
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Many other events occurred in the 20th century that saw the company face its highs and lows. However, in the 21st century, June 2019 to be precise, the Sun Life changed its Sun Life Investment Management unit to SLC Management. Also, it combined its fixed income businesses, Ryan Labs Asset Management Inc. and Prime Advisors, Inc. with Sun Life Capital Management (U.S.).
Also, in the subsequent month, SLC’s real estate division came together under one name “BentallGreenOak Real Estate”. Then, in August 2021, Kevin Strain took over from Dean Connor as the President and CEO at Sun Life.
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List Of Board Of Directors At Sun Life
- Scott F. Powers (Chair of the Board)
- Deepak Chopra (Corporate Director)
- Stephanie L. Coyles (Corporate Director)
- Ashok K. Gupta (Corporate Director)
- M. Marianne Harris (Corporate Director)
- David H.Y. Ho (Corporate Director)
- Helen M. Mallovy Hicks (Corporate Director)
- Marie-Lucie Morin (Corporate Director)
- Kevin D. Strain (President & CEO)
- Barbara G. Stymiest (Corporate Director)
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Insurance Services Offered By Sun Life Financial Inc.
It is important to know what insurance is and what it does for you. Insurance basically provides a level of protection to you, your finances and also your family for a brighter future. However, let’s place our focus on some of the insurance services of Sun Life Financial Inc. Some of them are:
1. Life insurance
If you have a life insurance under the Sun Life insurance company, you are rest assured that your family and your dear ones are financially secured when you pass away. They will benefit financially from the company and won’t lack. It is also a crucial component of estate planning.
However, in this segment, there are 2 main types. They are:
- Term life insurance: Here, they policies made here doesn’t last for long. Also, what the party involved stands to gain is only death benefits.
- Permanent life insurance: This type is different from the term life insurance in the sense that the policies ensure the instant death benefit coverage. Also, it ensures the build up cash value within a long while. An example of permanent life insurance is the Universal life insurance.
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2. Health insurance
In a situation whereby you fall Ill or have an accident, the health insurance will cover you and your family financially. Under the health insurance, there are 4 main types. They are:
- Personal health insurance: What you benefit here is the payment of some health expenses like prescription drugs, dental and vision care.
- Critical illness insurance: Here, you benefit the payment of accumulated fees that are linked to the survival of a life-altering illness.
- Long-term care insurance: At this point, the insurance company offers financial assistance to you in a case where your physical or mental abilities are reduced.
- Disability insurance: If you are under this insurance and you can’t work anymore due to you are disabled, your income earnings will still be active.
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Sun Life Insurance Phone Number
The Sun Life Insurance Company has an active number which you can reach them with. Also, you won’t be charged when you dial the number. Meanwhile, the toll free number is 800-9876-5470.
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Can One Regard The Sun Life Financial Inc As A Good Company?
Yes, you can do that. Meanwhile, Zacks’ proprietary data proves to the public that, Sun Life Financial Inc. is currently rated as a Zacks Rank 2 and will still move above that rank in no time.
Who Owns Sun Life Financial?
Sun Life and the Aditya Birla Group of India, collaboratively own Sun Life Financial.
Where Is The Headquarters Of Sun Life Financial Inc?
The headquarters is located at Toronto, Canada.
Who Is The CEO Of Sun Life Financial?
The CEO of Sun Life Financial is Kevin David Strain.
Who Founded The Sun Life Financial Inc.?
Matthew Hamilton Gault is the founder of Sun Life Financial.
In What Year Did Sun Life Financial Get Established?
It came into existence in 1865.
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Insurance basically provides a level of protection to you, your finances and also your family for a brighter future. Some of the subtopics treated above are: Overview Of Sun Life Financial Inc., Financial Record Of Sun Life Financial Inc., Background Account Of Sun Life Financial Inc., List Of Board Of Directors At Sun Life, Insurance Services Offered By Sun Life Financial Inc. and Sun Life Insurance Phone Number.
See Also: http://sunlife.com/