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Sun Life Closing to New Long Term Care Insurance Sales

On June 24, 2021, Sun LTCI is closing to new sales as well as conversions from Sun Critical Illness Insurance. Those of us in the insurance understand why companies close products or reprice. Likely it is because the product is no longer profitable for the life insurance company. Why? Perhaps they are just having too many client’s going on claim. That is a very compelling reason to consider these products before they are gone. At the very least, you should complete the paperwork to undergo the underwriting process. You can make the final decision to purchase if/when you get an offer of insurance from Sun Life.