What Sun Life sells, the ages and amounts for each plan, and how to compare it with other Canadian insurers before you apply.
Independently published. This guide is written by Pankaj Bhatia of Insure In Canada Inc. from Sun Life's published product information. It is not produced by or for Sun Life, and Pankaj does not sell Sun Life products. The policy contract always governs.
Sun Life sells Evolve Term in any length from 5 to 40 years ($50,000 to $25 million), convertible to permanent coverage until age 75, plus online Go Term and Go Simplified plans. Term coverage ends at 85. For lifetime needs it offers participating whole life (scale rate 6.25% for 2026-2027), universal life and Go Guaranteed ($5,000 to $25,000, ages 30 to 74). Its critical illness plan covers 26 conditions.
Three term products, from fully underwritten advisor plans to quick online coverage.
| Plan | Term lengths | Coverage | Issue ages | How you buy |
|---|---|---|---|---|
| Sun Life Evolve Term | Any length, 5 to 40 years | $50,000 to $25,000,000 | 0 to 85 minus the term (joint: 18 to 85 minus the term) | Through an advisor |
| Sun Life Go Term | 10 or 20 years | $100,000 to $1,000,000 | Not stated on the product page | Online; medical exam may be skipped |
| Sun Life Go Simplified Term | 10 years, then yearly renewal | $50,000, $75,000 or $100,000 | 18 to 69 | Online, 3 health questions |
Evolve can be moved to a term at least 10 years longer without new medical evidence, before the 7th policy anniversary.
Evolve is guaranteed convertible to permanent coverage until the anniversary nearest age 75.
Joint first-to-die includes a survivor benefit. One policy can hold up to five single lives. Joint policies can't be split later.
Child term, accidental death, total disability waiver, owner waiver, guaranteed insurability and business value protection.
Sun Life gives an example on its term page: a healthy 30-year-old non-smoker (assigned female at birth) may pay about $8.10 a month for $100,000 of 10-year coverage, a rate it dated May 26, 2025. Your price depends on your age, health and amount.
Enter your age to see the longest Evolve term you could start, your deadlines, and whether the Go plans are open to you.
Uses Sun Life's published issue ages and deadlines. Planning aid only; the contract governs.
Lifetime coverage, with or without cash value.
Fit: estate planning and long-term, tax-sheltered cash value.
Fit: people who want flexible deposits and will manage the account.
Fit: final expenses when health rules out other plans.
Sun Critical Illness Insurance pays a lump sum on diagnosis of one of 26 critical illnesses. Five less severe conditions pay a partial benefit of 15%, up to $50,000 each, for up to four partial payments, without reducing the main amount.
For how these features work in general, see critical illness insurance in Canada.
Pankaj doesn't sell Sun Life. If you are weighing a Sun Life quote, he can price the closest match from these insurers on the same assumptions.
| Need | Sun Life | Comparable plans Pankaj can quote |
|---|---|---|
| Long term life, custom length | Evolve Term: 5 to 40 years, $50,000 to $25 million | iA Pick-A-Term (10 to 40 years); Wawanesa Lifetime Term 10 to 30, term to 80 and term to 100 ($10,000 to $20 million, no policy fee) |
| Converting term to permanent | Evolve: until age 75 | Empire Life Solution term: up to age 75; Wawanesa: before age 71 |
| Simplified, no exam | Go Simplified: 10-year term, up to $100,000, ages 18 to 69 | Assumption Life Golden Protection Term (up to $250,000, ages 18 to 70); iA Access Life |
| No health questions | Go Guaranteed: $5,000 to $25,000, ages 30 to 74 | Empire Life Guaranteed Life Protect; iA Access Life guaranteed acceptance |
| Participating whole life | Sun Par Accumulator II; scale rate 6.25% (2026-2027) | iA PAR, Empire EstateMax and Optimax Wealth, Wawanesa (ages 0 to 80), Co-operators Protector and Ascend, Foresters Advantage Plus |
| Critical illness | Sun CI: 26 conditions, $25,000 to $3 million | Empire CI Protect and CI Protect Plus, Wawanesa critical illness, BMO Living Benefit, Assumption Life Critical Protection ($10,000 to $100,000, no exam) |
Add up what your beneficiaries would have to pay: the mortgage, other debts, years of income, childcare, education and final expenses. Subtract savings and the coverage you already have, such as group life at work.
Then match the term to the years of greatest need. For example, suppose your mortgage has 22 years left and your youngest child is 3. A 25-year term covers both. The life insurance needs calculator does the arithmetic.
No. This is an independent guide written by Pankaj Bhatia of Insure In Canada Inc., based on Sun Life's published product information.
For a Sun Life policy, contact Sun Life or a Sun Life advisor. Pankaj does not sell Sun Life; he can price comparable plans from the insurers he represents so you can compare.
Sun Life Evolve Term comes in any length from 5 to 40 years. Sun Life Go Term comes in 10 or 20 years, and Go Simplified Term in 10 years only.
Evolve term covers $50,000 to $25,000,000. The maximum issue age is 85 minus the term length, so a 30-year term is available to age 55.
Evolve Term is guaranteed convertible until the policy anniversary nearest age 75, without new medical evidence.
It can also be converted to a longer term (at least 10 years longer) before the 7th policy anniversary. Conversion is available only on select Sun Life term plans, so check yours.
At age 85. Sun Life term policies renew automatically until 85, then coverage ends and no death benefit is paid after that.
If you may need coverage past 85, look at converting to permanent insurance before the deadline, or at Term 100 or whole life.
Yes, through Sun Life Go. Go Term offers $100,000 to $1 million for 10 or 20 years, and Go Simplified offers $50,000, $75,000 or $100,000 with three health questions.
Larger amounts and Evolve term go through an advisor.
Yes. Sun Life Go Guaranteed is for Canadian residents aged 30 to 74, for $5,000 to $25,000, with no health questions.
If death is not accidental in the first two years, Sun Life refunds the premiums paid, minus fees, instead of paying the benefit. Payments stop at age 95 and coverage continues for life.
Sun Life kept its dividend scale interest rate at 6.25% for 2026-2027, effective April 1, 2026.
Dividends are not guaranteed. Sun Par Accelerator closed to new sales on February 9, 2026; Sun Par Accumulator II remains available.
Sun Critical Illness Insurance pays a lump sum for 26 critical illnesses, plus a partial payout of 15% (up to $50,000) for 5 less severe conditions.
Adults aged 18 to 65 can apply for $25,000 to $3,000,000, on Term 10, Term 75 or Term 100 plans, with return-of-premium options.
Sun Life's range is wide, but no insurer is cheapest for everyone. Price and underwriting differ by age, health and amount.
Pankaj compares similar coverage from iA Financial Group, Empire Life, Foresters, Co-operators, Wawanesa, BMO Insurance, Equitable Life and Assumption Life, using the same amount, term and health assumptions.
Insure In Canada Inc. · Mississauga and Cambridge, Ontario · Licensed in Ontario, Alberta, British Columbia, Manitoba, Saskatchewan, New Brunswick and Nova Scotia
Pankaj has 11 years of experience comparing life and critical illness insurance across Canadian insurers. He wrote this guide from Sun Life's own product pages and advisor guides, checked in October 2026, so families can compare like for like.
Call 647-640-2222 · WhatsApp · info@pankajbhatia.ca · About Pankaj
General information prepared from Sun Life's published product information as of October 2026; products, ages, amounts and options can change. The insurance contract governs. Dividends are not guaranteed. Sun Life and related marks belong to their owners; this page is independently published and does not imply endorsement.