Plans that fit your life
Leaving your workplace benefits plan, whether for retirement or a new opportunity, can require you to make some important decisions about your savings plan, insurance coverage and health benefits. Sun Life Financial Choices plans can help make those decisions easier.
With guidance from a licensed Financial Services Consultant1, you can choose from a wide range of competitively priced products and services to move seamlessly from your workplace plan and continue to enjoy most of the same benefits.
You can easily enroll in Choices by phone and you can continue to manage your new plan 24/7 on mysunlife.ca.
Products and services available with Choices:
My Life Choice
Maintain up to $1,000,000 of individual Term Life Insurance and up to $250,000 of Accidental Death coverage for you and your spouse. Apply within 60 days of leaving your workplace plan. You and/or your spouse must be between the ages of 18 and 65.
My Health Choice
Get Extended Healthcare coverage – Standard or Enhanced – which includes dental coverage. Apply within 60 days of leaving your workplace2 plan. You and/or your spouse must be between the ages of 18 and 74. If you are outside of 60 days and in good health, you may qualify for a plan with more robust coverage and higher maximums.
Choices Critical Illness Insurance
Maintain up to $100,000 of coverage each for you and your spouse and $20,000 for each eligible child. Apply within 60 days of leaving your workplace2 plan. You must be between the ages of 18 and 69.
Care at Home
Provides insurance to cover the cost of certain in-home healthcare and home conversion products you may need to stay in your own home as you get older. You must be age 50+. Qualify within 60 days of leaving your workplace plan with no medical questions asked.
Choices Group Savings Plans
For similar investment options and competitive management fees, transfer all your registered and non-registered savings from your workplace savings plan to the appropriate Group Choices plan:
- Group Choices Registered Retirement Savings Plan (RRSP)
- Group Choices Non-registered Plan (NREG)
- Group Choices Tax-free Savings Account (TFSA)
Need help? Call our Client Solutions Centre
Insurance and savings plans
Contact a Financial Services Consultant1 at
1-877-893-9893 for guidance with insurance and savings plans.
Retirement income plans
Contact a Retirement Consultant1 at
1-866-224-3906 if you are approaching retirement or for guidance on your retirement income plan.
We’re here to help. If you have questions, please call us at: