Sun Life Singapore launches two new indexed universal life products
The wealth accumulation plan is linked to S&P 500 performance.
Sun Life Singapore has launched two new Indexed Universal Life (IUL) products for high net worth and ultra-high net worth clients.
These products are the SunBrilliance IUL II and SunBrilliance Indexed Savings. The launch follows the success of its flagship IUL introduced in 2023.
The enhanced SunBrilliance IUL II offers higher protection benefits, including a 125% multiplier, a higher 10.80% cap rate, and a loyalty bonus from the 11th policy year.
It retains features such as instalment-based death benefits and a philanthropic pledge where 0.5% of premiums go to charity, capped at US$20,000 (S$25,648.10) per policy.
The new SunBrilliance Indexed Savings plan focuses on wealth accumulation and inter-generational transfer, with accounts linked to S&P 500 performance, a 150-year maturity term, and flexible ownership transfer options.
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