Rethink Income

Never before has the number of people in Canada nearing retirement been so high1.  Additionally, Canadians are living longer with average life expectancies of approximately 83 years2.  Many could live longer.  

This leaves uncertainties: how to fund living expenses, lifestyle needs, and the possibility of leaving a legacy.  Now’s the time to rethink income. It’s more important than ever to be aware of solutions that can help fund a longer retirement.

We offer a breadth of solutions to address every income need:
  • Covering fixed costs in retirement

  • Guaranteeing an income for life

  • Leaving a legacy

  • Funding additional retirement needs

Featured insured and guaranteed income solutions can supplement government income to help cover fixed costs:

Sun GIF Solutions Income Series

  • Lifetime guaranteed income
  • Ability to increase income when starting income deferred
  • Estate planning benefits
  • Death benefit and maturity guarantees

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Learn more about Sun GIF Solutions Income Series

Sun Life Payout Annuities

  • Lifetime guaranteed income
  • Market risk protection
  • Potential inflation protection
  • Low maintenance
  • Death benefit option*
  • Bypass of probate

Calculate income now

Learn more about Sun Life Payout Annuities

Insurance GIC

  • Many term options available (1-25 years)
  • Redeemable options available**
  • Flexible income options
  • Assuris protection***
  • Potential creditor protection
  • Bypass probate and estate feesϮ

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Learn more about our Insurance GICs

Trust GIC

  • Many term options available (1-25 years)
  • CDIC protectionϮϮ

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Learn more about our Trust GICs

Featured fixed income mutual funds to help fund additional retirement needs:

Sun Life Core Advantage Credit Private Pool

  • Canadian fixed income
  • Risk: low
  • Well diversified, North American, investment grade fixed income portfolio
  • Distribution frequency: monthly
  • Series F fund code: SUN630

Sun Life Core Advantage Credit Private Pool details

Sun Life MFS Canadian Bond Fund

  • Canadian fixed income
  • Risk: low
  • A “core plus” Canadian bond fund designed for income, reasonable safety of capital, and moderate growth
  • Distribution frequency: monthly
  • Series F fund code: SUN474

Sun Life MFS Canadian Bond Fund details

Sun Life Wellington Opportunistic Fixed Income Private Pool

  • Alternative credit focused
  • Risk: low to medium
  • High conviction, unconstrained portfolio of global fixed income securities seeking core bond-like volatility
  • Distribution frequency: monthly
  • Series F fund code: SUN1410

Sun Life Wellington Opportunistic Fixed Income
Private Pool details

Sun Life Crescent Specialty Credit Private Pool
 

  • High yield fixed income
  • Risk: low to medium
  • A specialized fixed income fund focused on below investment grade debt
  • Distribution frequency: monthly
  • Series F fund code: SUN434

Sun Life Crescent Specialty Credit Private Pool details

Featured diversified and equity income solutions:

Sun Life MFS Diversified Income Fund

  • Global neutral balanced
  • Risk: low to medium
  • A multi-asset, global balanced portfolio that includes six income generating asset classes, ideal as a retirement solution
  • Distribution frequency: monthly
  • Series F fund code: SUN472

Sun Life MFS Diversified Income Fund details

Sun Life KBI Global Dividend Private Pool

  • Global equity
  • Risk: low to medium
  • Core global dividend solution that seeks to achieve a blend of dividend income and capital appreciation by investing in dividend paying securities around the world
  • Distribution frequency: monthly
  • Series F fund code: SUN465

Sun Life KBI Global Dividend Private Pool Fund details

Want to explore our retirement solutions virtually? 

Visit the Sun Life Global Investments xSpace!

1Stats Canada, The Daily April 27, 2022.

2Canada Life Expectancy from birth, Macrotrends LLC, 2010-2023.

*When a guaranteed period is added to the contract.

**A market value adjustment will apply.

***Assuris protects policyholders in the event their life insurance company becomes insolvent. For more information on coverage provided by Assuris, visit assuris.ca or call 1-866-878-1225.

ϮIn Quebec, estates are not charged a probate fee.

ϮϮPrincipal protection provided up to CDIC deposit coverage limits. For more information, visit cdic.ca.

MERs as of June 30, 2023. Yields and durations as of October 30, 2023.