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SunJoy

SunJoy is a participating insurance plan designed to offer potential long-term wealth growth and flexible options for clients with withdrawal needs, enables you to fulfill life’s every possibility with joy and efficiency.

Highlights:

  1. Short Premium Payment Term: 2-Pay and 5-Pay
  2. ESG-focused savings plan that offers long-term savings and wealth growth potential up to age 120 with early breakeven year
  3. Enjoy flexibility of withdrawals1 to support the financial needs
  4. Provide First-in-market2 protection against accident with Accidental Caring Plus Benefit3 free of charge
  5. Act as a comprehensive legacy solution by offering free Policy Split Option4, 6 Comprehensive Death Benefit Settlement Options5 and unlimited change of insured option6 when needed
  6. Embed with financial flexibility by offering Designation of Contingent Policy Owner Option7, Waiver of Premium Benefit8, Payor Benefit8 and Premium Holiday Option9

Learn more about ESG

 E S  G

refers to Environmental,

which covers areas such as climate change, resource scarcity and environmental pollution.

refers to Social,

which focuses on topics like labour issues, public health and cyber security.

refers to Governance, 

which is about factors such as board diversity, structure and company policies.

 

Broadly speaking, ESG is a tool to analyze sustainability of a company. You can expect a more sustainable return and lower risk from companies with outstanding ESG rating. For those companies with higher ESG rating, it is expected to expose to a lower potential risk resulting from incidents such as worker strikes, litigation and negative publicity, which may cause lower future returns. As such, monitoring such ESG rating of an investment can probably led to better risk-adjusted return. ESG rating can be regarded as intangible assets of a responsible company such as Sun Life and it is an important indicator of our commitment on sustainable development.

Download ESG Flyer

Limited Time Offer:

Enjoy up to 24% premium rebate for SunJoy

From now to September 30, 2023

If you successfully apply for SunJoy (2-Pay) / SunJoy (5-Pay) with designated AFYP requirement and Premium Payment Term requirement, you will be entitled up to 24% premium rebate on AFYP!

The offer is subject to terms and conditions. Details please download and refer to the promotion leaflet.

Talk to our Advisor

Download promotion leaflet

  1. The maximum and minimum amount of cash withdrawal is subject to the then current administrative rules. The Notional Amount after withdrawal must be subject to the minimum Notional Amount requirement of the corresponding premium payment term in the then current administrative rules; however, after the 5th policy year, the remaining Notional Amount cannot be less than the minimum amount of USD500.
  2. This is based on market conditions as of December 31, 2022 and comparison among other savings plans for new Composite and Long Term Businesses as defined by the Insurance Authority in the Register of Authorized Insurers.
  3. Accidental Caring Plus Benefit could only be claimed once under the Basic Plan. The maximum amount for this benefit is up to USD1,250,000 per life and it covers all policy(ies) of this product and any other products with the same Accidental Caring Plus Benefit issued by Sun Life for the same insured.
  4. The application for Policy Split Option can be made once per policy year only. Upon approval of the Policy Split, the policy year, maturity date, policy owner and insured(s) of the Split Policies etc. will be same as Original Policy and no cooling-off period is available for Split Policies. The Notional Amount of Split Policies cannot be less than the minimum amount requirement as required by the then current administrative rules. The application for the Policy Split cannot be withdrawn or changed once the Policy Split is approved and completed.
  5. The Death Benefit Settlement Option may be exercised subject to a minimum amount of Death Benefit and the then current administrative rules determined by Sun Life from time to time.
  6. The new insured must have insurable interest with the existing policy owner at the time of change of insured which is subject to the then current administrative rules, underwriting rules, any other requirements and the approval of Sun Life. If the benefit term is extended due to the change of insured, the amount of Guaranteed Cash Value beyond the original maturity date will not be less than the amount on the original maturity date before the change. 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.
  7. The Designation of Contingent Policy Owner Option is subject to the prescribed conditions set out in the policy provisions being fulfilled, the then current administrative rules, underwriting rules, any other requirements and the approval of Sun Life.
  8. This is subject to the then current administrative rules and approval by Sun Life.
  9. The Premium Holiday Option is subject to the prescribed conditions set out in the policy provisions being fulfilled, the then current administrative rules, underwriting rules, any other requirements and the approval of Sun Life. Upon approval of Premium Holiday, Sun Life will not declare any face value and cash value of Reversionary Bonus under the policy and the Guaranteed Cash Value, face value and cash value of the accumulated Reversionary Bonus (if any) will be maintained at the level immediately before the Premium Holiday Period starts. Please refer to a sample Policy Document for details including definitions of capitalized terms and full terms and conditions of coverage.

The above information is a product summary only, please contact your Advisor for details. Please refer to the product brochure and sample Policy Document for details including definitions and full terms and conditions including product risks. If there is any conflict between the Policy Document and this product summary, the Policy Document shall prevail.

 

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