Global insurer Sun Life International has rolled out its Sun Global Solis, a flexible premium indexed universal life insurance.
It will feature competitive indexed account cap rate options, a 2% cumulative guarantee which could increase the cash surrender value, access to liquidity via loans and partial surrenders after the first year, and extended issue age and dollar cost averaging, the firm said.
Sun Life believes the “balance of long-term protection and upside potential” offered by the product will be attractive to global ultra-high net worth and high net worth (HNW) individuals.
“Sun Global Solis is a timely addition to our product portfolio,” said Michael Grob, chief HNW officer, Sun Life International.
“The product offers protection from market downturns via a guaranteed minimum interest rate. At the same time, it provides growth potential, offering clients a choice of three cap rate strategies, based on the clients’ goals and risk profile.”
The insurance policy, however, will not be available to nationals and residents of the US, Canada and Bermuda, the firm warned.
