The U.S. division of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) today
announced that sales for its Sun Executive product, a life insurance
solution designed especially to help small businesses with issues like
business succession, key person insurance and benefits planning, have
risen over 400% for the first half of 2009 compared to the same period
last year. Sun Executive offers small business owners and finance
officers customized solutions for important financial issues that were
previously only available to large businesses.
"Small businesses have to grapple with the same issues involving key
employees, business transition and compensation that large businesses
do, but Sun Executive is the first solution to these issues created with
small businesses in mind,” said Janet Whitehouse, SVP and GM of
Individual Life Insurance. "Life insurance products are the best way for
small businesses to fund these financial and recruiting options, and we
have designed Sun Executive in a way that it has little impact on
finances. It’s one of the best ways a small business owner can address
or revisit these important issues.”
To assist producers, Sun Life has created two new marketing sales kits
to help educate them on the business opportunities for Sun Executive. Steps
to Success in the Small Business Market and Business
Succession Planning Program both include relevant and easily
accessible product solutions, success stories, resource information, and
sales tools to help support distribution partners' small business
insurance cases from start to finish.
They are designed to help distributors illustrate how Sun Executive can
help:
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Small business owners who need help recruiting, rewarding and
retaining executive talent;
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Small business finance officers who expect a solution with minimal
impact on the company’s bottom line;
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Key persons or executives who expect rewards and benefits commensurate
with his or her value to the company; and,
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Producers who seek advice on selling these solutions to the small
business market.
Producers with questions about Steps to Success or Business
Succession Planning Program can contact Sun Life Financial
Individual Life Marketing at 800-SUN LIFE, exts. 2471, 1974, or 1930.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Chartered in 1865, Sun Life Financial and its partners today
have operations in key markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of June 30, 2009, the Sun Life
Financial group of companies had total assets under management of US
$341.9 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under ticker symbol SLF. Visit Sun Life
Financial’s website at www.sunlife-usa.com.
Sun Executive Universal Life Insurance products are issued by Sun Life
Assurance Company of Canada (Wellesley Hills, MA) in all states except
NY. In New York, these products are issued by Sun Life Insurance and
Annuity Company of New York (New York, NY). Sun Executive Variable
Universal Life Insurance products are issued by Sun Life Assurance
Company of Canada (U.S.), (Wellesley Hills, MA) in all states except NY.
In New York, these products are issued by Sun Life Insurance and Annuity
Company of New York (New York, NY). Variable products are distributed
through Sun Life Financial Distributors, Inc. All guarantees are based
on the claims paying ability of the issuing company. All are members of
the Sun Life Financial group of companies.
SLPC 20955 09/09
Exp. 9/11