- Coverage of up to 20x your yearly basic premium payment
- Protection starts from day one until 20 years
Secure your family's future while building your savings
Sun Life Save and Protect offers you an affordable way to help safeguard your family's financial security, while growing your savings at the same time. This plan gives you significant life coverage and helps you save for key life events. You can choose from manageable payment options and get your money back, guaranteed. Whether you're planning to have extra money for future business or an important milestone, we've got you covered!
Key benefits
Affordable protection
Money-back guarantee
- Get back 100% of your basic premium payment after 20 years
- Guaranteed cash for important life goals
Payment options that work for you
- Pay over 5 or 10 years
- Choose budget-friendly options:
Pay 2x yearly, quarterly, or monthly
Easy application
- Hassle-free sign-up with no medical exams
- Just answer a few simple questions
Access to cash
- Guaranteed cash value as yearly savings
- Borrow from your policy for emergencies
- Early payout for Terminal Illness (with 12 months or less to live)
Customized plans
- Choose what suits you: more protection or savings
- A Sun Life Advisor can help you find the right fit
Real-life impact
Sarah's college assistance fund for her daughter
Sarah, 35, chooses Sun Life Save and Protect plan, with 5 years of premium payments, to ensure that she has additional secured funds for her daughter's college in addition to the educational plan she initially bought. She pays for 5 years only but is protected with life coverage for 20 years. After 20 years if all is well with Sarah, she gets back 140% of all the basic premiums she has paid, which she can use as her daughter’s college assistance fund.
Mark's retirement boost
Mark is aged 30 and wants to retire early. He chose Sun Life Save and Protect Plus, with 5 years of premium payments. He gets life coverage for 20 years and a higher guaranteed return after that. At 50, Mark receives 140% of what he paid in, giving his retirement savings a significant boost. And if Mark decides he’s not ready to retire at 50, he can always repurpose the funds to address other needs.
Lisa's safety net
Lisa, 40 and newly married, chose Sun Life Save and Protect 10 for financial security for her family. The affordable payments fit her budget, and the coverage gives her peace of mind. When an unexpected medical bill came up, Lisa borrowed against her policy without derailing her long-term plans. After Lisa’s recovery, she was able to repay the policy loan and continue maintaining the policy for ongoing financial security.
Your questions answered
1. What is Sun Life Save and Protect?
It's an affordable life insurance plan that protects you and helps you save for 20 years.
2. How much coverage do I get?
You can get up to 20 times your yearly basic premium, depending on the plan you choose.
3. What happens after 20 years?
You get back at least 100% of the total amount you've paid in.
4. Can I choose my payment period?
Yes, you can pay for 5 or 10 years, with the choice of payment installment options: twice a year, quarterly, or monthly.
5. Do I need a medical exam to apply?
No, just answer a few simple questions.
6. Can I access my money before the 20 years are up?
Yes, you can access your plan's guaranteed cash value via policy loan, if needed.
7. Are there different types of plans?
Yes, we offer plans focused on protection or savings to suit your needs.
8. What if I get very sick?
You may get part of your coverage amount early if diagnosed with a terminal illness.
Note: If there's a difference between what's on this page and the insurance policy, the policy is what counts.