News releases

SunRise Universal Life helps Clients accumulate wealth through growth opportunities and shield against market fluctuations

Hong Kong, Mar 21, 2023 – Sun Life Hong Kong Limited (“Sun Life Hong Kong” or “the Company”) announced the launch of SunRise Universal Life, an universal life plan designed to help Clients accumulate wealth through growth opportunities while protecting their wealth against the risk of market fluctuations.

Christine Yeung, General Manager, Life and Health of Sun Life Hong Kong Limited, said, “Sun Life Hong Kong has been devoted to providing excellent and competitive wealth management products to fully meet the needs from Clients on wealth management and legacy planning throughout their different life stages. Leveraging on our decades of experience in serving the high-net-worth Clients, we are committed to continuously enhancing and enriching our product portfolio to cater their ever-changing needs. The newly launched SunRise Universal Life is here to provide an alternate option for our Clients. Not only it offers attractive growth potential, but also helps Clients protect their wealth against market fluctuations, providing lasting support for their loved ones.”

Product Key Features:

Seize upside potential for long-term wealth accumulation

• Clients can capture the long-term wealth accumulation potential and smooth out the impact of market volatility through the Growth Account Crediting Interest Rates¹, which can be up to 9.1% (based on current Cap Rate² as of January 2023).

Double guarantees on crediting interest rate

• SunRise Universal Life offers wealth protection through a Cumulative Guaranteed Interest Rate of 2.75% p.a.³ for guaranteed accumulation of Clients’ wealth upon death, full surrender or policy maturity;
• A minimum guaranteed crediting interest rate (Growth Account Floor) of 0% p.a. for each year to shield against market fluctuations.

Protect Clients’ wealth and legacy

• SunRise Universal Life offers a Change of Insured Option⁴ shall they require for legacy planning over the policy term if needed;
• SunRise Universal Life also provides the Policy Split Option and six types of Death Benefit Settlement Options.

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Photo Caption: Sun Life Hong Kong has launched SunRise Universal Life to help Clients accumulate wealth through growth opportunities while protecting their wealth against the risk of market fluctuations.

Remark:

1.      The Growth Account Crediting Interest Rates are set by Sun Life Hong Kong based on the returns of underlying investments and are subject to change from time to time at our sole discretion.

2.      The Cap Rate is set by Sun Life Hong Kong and is subject to change from time to time at our sole discretion.

3.      Before the deduction of applicable fees and charges.

4.      The Change of Insured Option is subject to the prescribed conditions set out in the policy provisions being fulfilled. Please refer to sample policy provisions for details.

About Sun Life 

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2022, Sun Life had total assets under management of C$1.33 trillion. For more information, please visit www.sunlife.com. 

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.