Sun Life Financial Offers Group Dental with United Concordia® Alliance Network

  Sun Life Financial Offers Group Dental with United Concordia® Alliance
  Network

Business Wire

WELLESLEY, Mass. -- March 5, 2013

The Employee Benefits Group of the U.S. business group of Sun Life Financial
Inc. (NYSE: SLF, TSX: SLF) today announced that Sun Life’s Group Dental plans
now provide access to the United Concordia® Alliance network. Available to
customers as of March 1, 2013, the arrangement provides 27%^1 more dental
provider access points to Sun Life dental customers than the Advantage Plus
Network, which the new arrangement replaces.

Sun Life Dental offers dental PPO plans in all states, with coverage for
employees and dependents. Employers can customize many plan features,
including deductibles, benefit waiting periods, coinsurance levels, and plan
maximums. Optional benefits include built-in routine care, orthodontia for
children and adults, and an annual maximum rollover benefit. Fully-insured
plans can be structured as 100% employer-paid, 100% employee-paid
(“voluntary”), or as a shared-funding model (“contributory”). Administrative
Services are available to employer groups who prefer to self-fund their dental
plans. Two plans can be offered for a Dual Select, or “high-low” plan design,
providing employees greater choice.^1

In July 2011, Sun Life entered an agreement with United Concordia that
provided access to the Advantage Plus dental PPO network. Sun Life Dental
plans will now be sold with United Concordia’s Alliance PPO network, which
boasts 96,000 providers at over 246,000 access points across the country.

“Sun Life is a leader in disability insurance and is committed to the full
array of employee benefits. We’ve provided group dental plans in the U.S. for
over 20 years. We’ve thoughtfully and deliberately worked to grow our dental
block with smart product development,” said Michael E. Shunney, Senior Vice
President Distribution, Sun Life Financial U.S. “Our partnership with United
Concordia is helping us take our dental offerings to the next level. The
continued growth of their PPO network is a great win for us and for our
customers.”

Sun Life provides Group Life, Disability, Dental, and Medical Stop-Loss
insurance to over 33,000 U.S. customers, protecting over 10 million employees
and their dependents, with $2 billion of in-force business. For more on Sun
Life, visit www.sunlife.com/us.

About the Alliance Network Agreement

Alliance Network applies only to dental plans underwritten by Sun Life
Assurance Company of Canada and Sun Life Insurance and Annuity Company of New
York. Excludes plans underwritten by Sun Life and Health Insurance Company
U.S. The network is made available through an agreement with United Concordia
Companies, Inc. Claims administration services are provided by United
Concordia Companies, Inc. and regulations. Group insurance policies are
underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in
all states, except New York, under Policy Form Series GP-A and GC-A. In New
York, group insurance policies are underwritten by Sun Life Insurance and
Annuity Company of New York (New York, NY) under Policy Form Series GP-A and
GC-A. Product offerings may not be available in all states and may vary
depending on state laws and regulations.

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, and Bermuda. In the United
States and elsewhere, insurance products are offered by members of the Sun
Life Financial group that are insurance companies. Sun Life Financial Inc.,
the holding company for the Sun Life Financial group of companies, is a public
company. It is not an insurance company and does not offer insurance products
for sale in the United States or elsewhere, and does not guarantee the
obligations of its insurance company subsidiaries. In the United States, Sun
Life Financial provides a range of products and services to employers and
their employees, including group and voluntary life, disability, dental and
stop-loss insurance products. These products are issued by Sun Life Assurance
Company of Canada in all states except New York. In New York, these products
are issued by Sun Life Insurance and Annuity Company of New York. Product
offerings may not be available in all states and may vary depending on state
laws and regulations. Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF.
For more information, visit www.sunlife.com/us.

PRFL-3271 SLPC 24771 02/12 (exp. 02/18)

^1 Network growth based on data reported by United Concordia Provider
Relations as of February 19, 2013.

^2 Benefit waiting periods, optional benefits, and plan provisions may not be
available in all states or on all cases. For Voluntary and Contributory plans,
participation requirements apply. Product offerings may not be available in
all states and may vary depending on state laws Please contact your Sun Life
Financial Employee Benefit Group representative for a quote in your state.

Contact:

Media contact:
Sun Life Financial
Tim Stone, 781-366-5376
tim.stone@sunlife.com
 
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