Sun Life Financial

Title: Sun Life Financial
Category: Insurance
Clicks: 3
Added on: Nov 26, 2011
Sun Life Financial is a global financial services provider, based in Toronto. Mostly known as a life insurance company, it provides investment, retirement, and insurance solutions to its business and individual clients. The company operates in the US, Canada, Hong Kong, the United Kingdom, India, Japan, and other countries.

Sun Life Financial was created by the Irish immigrant Mathew Hamilton Gault in 1865 and named The Sun Insurance Company of Montreal. During the post-World War II period, the company became one of the major corporations in Canada and a global insurance provider. Sun Life Financial acquired the Massachusetts Financial Services in 1982 and entered the Indonesian market in 1995 through PT Asuransi Modern Sun Life.

The company offers a wide selection of products and services, including life insurance, financial planning and advice, investment and retirement savings, and health, dental, and disability insurance. The company features a range of group life and individual life insurance plans, as well as long-term care insurance, dental benefits and group insurance, and group health benefits. These are intended to help clients meet long-term and short-term dental and medical expenses, avoiding financial risk and hardship during periods of injury and illness. Sun Life Financial also offers a selection of group and individual investment income, retirement, and annuity products and services, helping clients build a financial plan tailored to their unique circumstances and needs. The group retirement and investment plans offered by Sun Life Financial make it possible for employers to offer attractive packages, thus retaining and attracting talent. In addition to these products, the company features asset management services and wealth management expertise. The investment and asset management business of Sun Life Financial includes MFS Investment Management, based in Boston, Sun Life Financial Investments, the oldest investment firm in Canada McLean Budden, and others. Another company that is part of the company’s asset management business is Birla Sun Life Asset Management, which is a joint venture, based in India.

The main competitors of the company are QC Manulife Financial Corporation, Industrial Alliance Insurance and Financial Services, and Great-West Lifeco Inc.
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