Three in four Canadians close to retirement age looking for guaranteed income to reduce impact of market volatility

Three in four Canadians close to retirement age looking for guaranteed income 
to reduce impact of market volatility 
TORONTO, Jan. 31, 2013 /CNW/ - With 75% of early boomers in Canada age 57 and 
over now looking for guaranteed income(i) to help reduce the impact of market 
volatility and longevity on their retirement plans, Sun Life Financial has 
launched a first of its kind retirement solution called SunFlex Retirement 
Income. This innovative product offers both guaranteed income and growth 
through potential bonus income. 
Downturns in the market, especially around the time of retirement, can have a 
negative impact on retirement savings. Longevity is also having an impact with 
Canadians living longer. Statistics Canada reports that the average 
65-year-old man can expect to live to age 83, and a woman of the same age can 
expect to live to age 86(ii). Canadians may need their retirement income to 
last up to 30 years. 
SunFlex Retirement Income helps address these concerns by providing Canadians 
with: 


    --  guaranteed income for life that remains consistent and is not
        impacted by market ups and downs, to cover the basics such as
        housing, food, and clothing;
    --  potential bonus income that is based on market performance of
        selected funds, to cover additional lifestyle expenses; and
    --  flexibility to meet changes in future income needs.

"We are seeing that market volatility and longer lifespans are leaving 
Canadians concerned about whether they will have enough income to last through 
their retirement," said Kari Holdsworth, Vice-President, Individual Wealth, 
Insurance and Investments, Sun Life Financial Canada. "SunFlex Retirement 
Income can help deal with these concerns by offering guaranteed income plus a 
potential bonus to support their plan to achieve lifetime financial security."

SunFlex Retirement Income is the first solution of its kind in the Canadian 
retirement market because of the unique way it combines the following features 
to meet the needs of Canadians: the security of a competitive guaranteed 
income, opportunity to benefit from the market upside, and the flexibility to 
withdraw additional funds for unforeseen needs or lock in higher guaranteed 
income in the future. It is part of the Money for Life(TM) approach to 
retirement planning that Sun Life is offering to help Canadians reach their 
retirement goals.

For more information on SunFlex Retirement Income, visit www.sunlife.ca. To 
talk to an advisor about how SunFlex Retirement Income can help meet your 
retirement needs, go to www.moneyforlife.ca.

About Sun Life Financial
Sun Life Financial is a leading international financial services organization 
providing a diverse range of protection and wealth accumulation products and 
services to individuals and corporate customers. Chartered in 1865, Sun Life 
Financial and its partners today have operations in key markets worldwide, 
including Canada, the United States, the United Kingdom, Ireland, Hong Kong, 
the Philippines, Japan, Indonesia, India, China, Vietnam and Bermuda. As of 
September 30, 2012, the Sun Life Financial group of companies had total AUM of 
$515 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and 
Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to Editors: All figures in Canadian dollars.

_____________________________

(i) 2012 Sun Life Canadian Unretirement Index.
(ii) Life expectancy at birth and at age 65 by sex and by geography, 
Statistics Canada, 2010.

Media Relations contact: Candace Berner-Rubie Media & Public Relations Sun 
Life Financial Tel: 519-888-3900 ext. 341-6051 candace.berner-rubie@sunlife.com

SOURCE: Sun Life Financial Inc.

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CO: Sun Life Financial Inc.
ST: Ontario
NI: FIN INS ECOSURV NP 

-0- Jan/31/2013 12:55 GMT


 
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