Sun Life Go | Online Insurance Platform Review

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Sun Life Go | Online Insurance Platform Review

Written by Priyanka Correia
Fact-checked by Caitlin Wood

Sun Life Go | Online Insurance Platform Review

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Life Insurance Online Insurance Review

Life insurance helps ensure your loved ones will be taken care of financially no matter what. But finding the right policy can be complicated due to the complex terminology, heavy paperwork, and long processing time. Thankfully, more and more online life insurers are simplifying the underwriting process, including Sun Life with their Sun Life Go products. Now you can purchase life insurance easily so that you can live confidently knowing you can help protect your family and loved ones.

What is Sun Life Go?

Sun Life Go is an online insurance product suite created by Sun Life, a 155-year-old Canadian company whose mission is to help Canadians find financial security and live healthier lives. They offer simple solutions through their innovative products that help make financial security attainable. You can get life insurance with coverage amounts between $5,000 to $1 million in a matter of minutes. 

Check out the pros and cons of buying insurance online.

Products Offered By Sun Life Go

Sun Life Go offers three different life insurance policies. Depending on your needs, one policy may suit your needs better than the other.

Guaranteed Life Insurance

With this policy, you’ll gain access to permanent life insurance which guarantees you’ll be covered for life. To be eligible you must be legally living in Canada between the ages of 30 and 74. You’ll have the option of buying coverage between $5,000 to $25,000. The best part of this policy is that no health questions or medical exams are necessary to qualify, even if you have a pre-existing health condition. 

Here are 14 insurance terms you need to know.

Simplified Term Life Insurance

If you’re looking for a short-term policy that doesn’t require a medical exam, this is the policy for you. Moreover, you’ll be asked only three questions related to your health as part of the application process. This policy offers a 10-year term with coverage amounts of $50,000, $75,000 or $100,000. To be eligible, you must be legally living in Canada between the ages of 18 and 69. 

Term Life Insurance

If you’re looking for a long-term policy with larger coverage options, the Term Life insurance policy may be for you. This policy offers terms of 10 or 20 years with coverage amounts of $100,000 to $1,000,000. In order to be eligible for this policy, you must be legally living in Canada between the age of 18 and 69.  When applying you’ll have to answer a few health questions and potentially need a medical exam depending on your age, health, and the coverage amount. 

It’s important to note that death by self-inflicted injury within the first 2 years of the policy will void any claims. Please read the policy exclusions and limitations before you apply. 

Don’t know what kind of insurance you need? Learn more about how to choose the right type of insurance.

Overview of Sun Life Go Products

Guaranteed Life InsuranceSimplified Term Life InsuranceTerm Life Insurance
Coverage Amount$5,000 – $25,000$50,000, $75,000 or $100,000$100,000 – $1 million
TermLife10 years10 or 20 years
Age Eligibility30 – 7418 – 6918 – 69

Benefits of Sun Life Go

  • Fast Application – One of the main benefits of Sun Life Go is its streamlined application process. They have simplified the process in order to reduce the amount of time and information typically required to qualify for life insurance. If you have 10 minutes, you can get the coverage you need without any hassle. 
  • Good Coverage – With Sun Life Go you can find life insurance coverage for as little as $5,000 up to $1 million. No matter your lifestyle, you’ll be able to find a policy that helps protect your loved ones. 
  • Instant Quotes – You can get instant quotes by answering a few simple questions online. 
  • Insurance Calculator – If you’re unsure of your life insurance needs, Sun Life has a handy insurance calculator to help you understand.
  • Temporary Insurance – Sun Life Go offers temporary insurance for two of its products: Simplified Term Life Insurance and Term Life Insurance. With this, clients are covered for up to 90 days in the event they pass away during the application review. Please read the policy exclusions and limitations. 

How do You Apply For Life Insurance With Sun Life Go?

The application process for life insurance with Sun Life Go can be explained in 3 steps. 

Step 1. Provide Some Basic Information 

The first step of the application involves providing your birth date, sex, smoking status, and your province of residence. Choose the amount of coverage you want. Once submitted, you’ll receive a quick quote for coverage, and term if applicable.  

Step 2. Apply

If you’re happy with the quote, you can continue with your application. You’ll also have the option to add additional coverage such as critical illness insurance or accidental death insurance. Then add your contact details and payment preferences.

Step 3. Review and Submit

The last step involves going over your application. If there are no errors, then submit your application.

Thinking of switching providers? Find out how to cancel your life insurance contract.

How Do You Make a Claim With Sun Life Go? 

In order to make a claim, simply call Sun Life Go at 1-800-669-7921. A representative will reach out with a form to complete. Once all the requested information and documentation is received, the claim will be assessed in 5 business days. If the claim is approved, Sun Life will make a lump-sum payment. 

Sun Life Go FAQs

Will my life insurance rates increase during my term? 

Your insurance rates may change depending on the life insurance policy you choose. With the Guaranteed Life Insurance policy, your rates will never change. Moreover, once you turn 95, you stop paying completely while still being covered. With the Simplified Term Life Insurance, your rate will remain the same for the first 10 years of the term. After that, the rate will increase after each year. As for the Term Life Insurance, the rate will change only when you’re renewing the policy for a new term.

Can I cancel my policy if I’m not happy with it? 

Yes, you can cancel your policy in writing at any point in time. If you cancel your policy within 30 days of receiving your policy, Sun Life will return any premiums paid. 

Do I need to provide a medical exam?

For the Guaranteed Life Insurance and Simplified Term Life Insurance policy, you will not need a medical exam. However, you may need a medical exam for the Term Life Insurance policy depending on your health, age, and coverage needs. 

Bottom Line

Overall, Sun Life Go offers a fast and easy way to attain life insurance. With coverage starting at $5,000 and capping at $1 million, you can find a policy that helps protect your loved ones from future financial burdens such as higher education, mortgage or any other cost. Moreover, even if your situation were to change, you can cancel your policy at any time. 

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