Sun Life Go Term Life Insurance comes with a guaranteed premium for 10 or 20 years based on your choice at the time of purchase. ➡️ Get a Free Quote Here Sun Life Go Term Life Insurance Product overview:Ĭoverage: $100,000 up to $1 million, in $25,000 increments Here are the three types of life insurance products conveniently available through Sun Life Go. However, these are not available through Sun Life Go.
The two other common types of life insurance are participating life insurance and universal life insurance. In addition, you don’t have to continue paying after you hit a certain age with some permanent life insurances, which is a bonus. With most permanent life insurance products, however, your monthly costs/premiums will be guaranteed for life, meaning it will not go up despite inflation or increased costs of living. Permanent life insurance, on the other hand, lasts for your whole life and is more expensive than term life insurance. With this type of insurance, the policy pays a tax-free benefit to your beneficiaries in the event of your death. Term life insurance offers temporary protection that you can customize to meet your changing needs and is more affordable than permanent life insurance. Term life insurance is designed for flexibility and provides coverage for a specific period of time, such as one year, five years, 15 years, or more. ➡️ Get a Free Quote Here What is Term and Permanent Life Insurance?īefore we dive into Sun Life Go’s products, let’s briefly go over the two types of life insurance they offer: term and permanent.
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