Company Details

  SUN LIFE ASSURANCE COMPANY OF CANADA License Status :
Active

NAIC Number :

80802


Phone Number:

781-237-6030


Company Address:

96 WORCESTER STREET 
WELLESLEY HILLS, MA  02481

Description:

Life and Health


License Number:

A418956


Date Admitted:

1926-10-19


Market Share

Link to Supplemental Data Page

Year Line Market Share Direct Premium Written Direct Premium Earned Direct Losses Paid Direct Losses Incurred Loss Ratio
2020 Total Accident & Health 0.16% $108,714,603 $108,781,742 $65,743,627 $65,743,627 60.44 %
2020 Total Individual Accident & Health 0.00% $0 $0 $1,508 $1,508 N/A
2020 Individual Dental 0.00% $0 $0 $1,508 $1,508 N/A
2020 Total Group Accident & Health 0.23% $108,714,603 $108,781,742 $65,742,119 $65,742,119 60.43 %
2020 Group Specified Disease 0.94% $880,096 $880,640 $114,659 $114,659 13.02 %
2020 Group Accident Only 0.32% $1,079,628 $1,080,295 $113,875 $113,875 10.54 %
2020 Group Disability Income 1.99% $14,235,890 $14,244,681 $7,429,070 $7,429,070 52.15 %
2020 Group Dental 1.10% $14,359,031 $14,367,899 $8,377,646 $8,377,646 58.31 %
2020 Group Stop Loss 2.65% $78,159,958 $78,208,227 $49,706,869 $49,706,869 63.56 %
2020 Total Life 0.05% $22,238,566 $0 $20,714,351 $0 N/A
2020 Total Individual Life 0.03% $5,612,023 $0 $11,446,534 $0 N/A
2020 Individual Whole Life 0.09% $1,244,310 $0 $4,024,635 $0 N/A
2020 Individual Term Life 0.01% $121,979 $0 $5 $0 N/A
2020 Individual Universal Life 0.25% $4,245,734 $0 $7,420,208 $0 N/A
2020 Individual Ordinary Annuities 0.00% $0 $0 $1,686 $0 N/A
2020 Total Group Life 0.08% $16,626,543 $0 $9,267,817 $0 N/A
2020 Group Whole Life 10.70% $16,626,543 $0 $9,250,588 $0 N/A
2020 Group Ordinary Annuities 0.00% $0 $0 $17,229 $0 N/A
2019 Total Accident & Health 0.12% $87,093,788 $87,223,404 $59,118,940 $59,118,940 67.78 %
2019 Total Group Accident & Health 0.18% $87,093,788 $87,223,404 $59,118,940 $59,118,940 67.78 %
2019 Group Specified Disease 0.56% $584,633 $585,503 $133,503 $133,503 22.80 %
2019 Group Accident Only 0.23% $865,363 $866,651 $62,290 $62,290 7.19 %
2019 Group Disability Income 1.66% $10,953,747 $10,970,049 $5,787,935 $5,787,935 52.76 %
2019 Group Dental 0.67% $9,205,934 $9,219,635 $5,069,262 $5,069,262 54.98 %
2019 Group Stop Loss 2.64% $65,484,111 $65,581,566 $48,065,950 $48,065,950 73.29 %
2019 Total Life 0.06% $17,396,900 $0 $28,040,724 $0 N/A
2019 Total Individual Life 0.03% $5,459,575 $0 $20,152,150 $0 N/A
2019 Individual Whole Life 0.08% $1,186,181 $0 $9,263,607 $0 N/A
2019 Individual Term Life 0.01% $131,322 $0 $449,995 $0 N/A
2019 Individual Universal Life 0.26% $4,142,072 $0 $10,433,509 $0 N/A
2019 Individual Ordinary Annuities 0.00% $0 $0 $5,039 $0 N/A
2019 Total Group Life 0.10% $11,937,325 $0 $7,888,574 $0 N/A
2019 Group Term Life 0.89% $11,937,325 $0 $7,870,914 $0 N/A
2019 Group Ordinary Annuities 0.00% $0 $0 $17,660 $0 N/A

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2021 Health 1.16% 6 19
2021 Life and Annuities 0.22% 2 119
2020 Life and Annuities 0.19% 1 65
2020 Health 0.94% 4 14
2019 Health 0.68% 3 12
2019 Life and Annuities 0.16% 1 65


Company Changes

Effective Date: 03/01/2003

Comments: U.S. Branch of Clarica Life Insurance Co. merged with and into Sun Life Assurance Co. of Canada.


Market Conduct

Date: 01/12/2021

SLACC121.pdf


Financial Exams

This company does not have any financial exams.