- Cancer is the number one catastrophic claims condition, accounting for 25% of all Sun Life’s Stop-Loss claims reimbursements. 2
- Workers with health insurance who experienced cancer paid average total out-of-pocket costs of more than $6,000. 3
- Loss of income further increased the financial burden of a critical illness, with one-third of workers who experienced a critical illness reporting a workplace absence of four months or longer. 3
- Sun Life Stop-Loss and Stop-Loss Cancer rider with
- Sun Life Cancer insurance, or
- Sun Life Critical Illness and Cancer insurance together
The Sun Life Stop-Loss Cancer rider will provide qualifying employers with a stop-loss deductible reduction up to $10,000, depending on the size of the deductible, when Sun Life reimburses an employer for a catastrophic claim associated with cancer. Sun Life’s Critical Illness policies provide covered employees with a lump sum payment ranging from $5,000 to $50,000, depending on coverage levels, upon diagnosis of a covered condition.Sun Life's critical illness and cancer products are not available in all states. Benefits sales professionals should call their Sun Life group representative for more information. For more information, please visit www.sunlife.com/us. About Sun Life Financial Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individual and corporate customers. Sun Life Financial and its partners today have operations in key markets worldwide, including the United States, Canada, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, and Bermuda. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF. In the United States and elsewhere, insurance products are offered by members of the Sun Life Financial group that are insurance companies. Sun Life Financial Inc., the holding company for the Sun Life Financial group of companies, is a public company. It is not an insurance company and does not offer insurance products for sale in the United States or elsewhere, and does not guarantee the obligations of its insurance company subsidiaries. In the United States, Sun Life Financial provides a range of products and services to employers and their employees. In the United States, Sun Life Financial provides a range of products and services to employers and their employees, including Group and Voluntary Life, Disability, Dental, Critical Illness, Accident, and Stop-Loss insurance products.
For self-funded employers, Sun Life provides a Stop-Loss product suite designed to meet customer needs including value-added services such as SunElite ®, SunResources ®, SunExcel ®, and Sightlines TM Medical Intelligence.For more information, please visit www.sunlife.com/us. 1 The Stop-Loss Cancer rider is available to U.S. employers that have active Stop-Loss coverage with Sun Life and have either the group insurance critical illness/cancer policy or the cancer-only policy in force with Sun Life. These coverages are available at no additional cost to the employer. 2 Sun Life Financial’s “Leading Catastrophic Claims Conditions” report presents an analysis of Stop-Loss catastrophic claims spanning from 2008 to 2011 from Sun Life Stop-Loss policyholders located across the U.S. with up to 25,000 employees. [May 2013] 3 Sun Life Financial’s “Well-Placed Fears: Workers’ Perceptions of Critical Illness” white paper was based on responses from over 4,000 U.S. workers about the potential costs of a critical illness. [July 2013] SLPC 25321 9/13 (exp. 9/18)