Sun Life Financial Inc., an international financial services company, provides a range of protection and wealth products and services to individuals and corporate customers. The company and its partners have operations in primary markets worldwide, including Canada, the United States (U.S.), the United Kingdom (U.K.), Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. The company also operates mutual fund and investment management businesses, primarily in Canada, the U.S., and Asia. Segments The company operates through five business segments, including Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), SLF Asset Management, Sun Life Financial Asia (SLF Asia), and Corporate. The Corporate segment includes the operations of the company’s United Kingdom business unit (SLF U.K.), investments, enterprise services and other supporting functions. SLF Canada segment This segment has three main business units: Individual Insurance & Wealth, Group Benefits and Group Retirement Services, which offer a range of protection, wealth accumulation, and income products and services to employers, group members of company sponsored plans and individuals in their communities across Canada. Individual Insurance & Wealth The Individual Insurance & Wealth business unit focuses on delivering a suite of products to help achieve lifetime financial security. The company offers products to meet life, health and wealth needs. This includes its own Sun Life Global Investments (Canada) Inc. mutual funds and its segregated funds, Sun Life Guaranteed Investment Funds. The company’s products are marketed through a multi-channel distribution model consisting of the career sales force in SLF Canada (CSF) and third-party distribution channels, including independent insurance and mutual fund licensed brokers and broker-dealers. Certain products, including accidental death insurance and personal health insurance, are marketed directly to retail clients in partnership with its advice channels while its CSF also distributes some third-party mutual funds. Group Benefits The company’s Group Benefits business unit is a major provider of group life and health insurance products in Canada. The company provides life, dental, drug, extended health care, disability and critical illness benefits programs to employers of all sizes. In addition, it offers voluntary benefits solutions to individual plan members, including post-employment life and health plans to members exiting their employer-sponsored plan. The company’s products are marketed and distributed across Canada by experienced sales representatives in collaboration with independent advisors, benefits consultants and the CSF. In 2015, Group Benefits business unit created Integrated Health Solutions (IHS). IHS invests in the areas of health and wellness, mental health, and aspects of the company’s absence and disability management offering. It focuses on physical, mental and financial well-being in health management. Group Retirement Services Group Retirement Services is the major provider of defined contribution plans and defined benefit solutions in Canada, serving approximately one million plan members at the end of 2015. Its offering meets the plan and service requirements of medium-to-large organizations. In addition, its Client Solutions area leverages its worksite advantage to offer voluntary savings plans, including post-employment plans, to those members exiting their employer-sponsored plans. Other services and product offerings include investment-only segregated funds and fixed rate annuities, stock plans, group life annuities, and pensioner payroll services. The company’s Defined Benefit Solutions business offers a range of de-risking solutions for defined benefit pension plans, such as liability-driven investing, annuity buy-outs and buy-ins, and longevity insurance to the pension market. The company’s products are marketed and distributed across Canada by experienced sales representatives in collaboration with a multi-channel distribution network of pension c
sun life financial inc (SLF:Philippines)
150 King Street West
Toronto, ON M5H 1J9
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