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Company Details
SUN LIFE ASSURANCE COMPANY OF CANADA License Status :
Active
NAIC Number :
80802
Phone Number:
781-237-6030
Company Address:
ONE SUN LIFE EXECUTIVE PARK
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 |
|---|---|---|---|---|---|---|---|
| 2019 | Total Accident & Health | 0.14% | $87,093,788 | $87,223,404 | $59,118,940 | $59,118,940 | 67.78 % |
| 2019 | Total Group Accident & Health | 0.20% | $87,093,788 | $87,223,404 | $59,118,940 | $59,118,940 | 67.78 % |
| 2019 | Group Specified Disease | 0.58% | $584,633 | $585,503 | $133,503 | $133,503 | 22.80 % |
| 2019 | Group Accident Only | 0.26% | $865,363 | $866,651 | $62,290 | $62,290 | 7.19 % |
| 2019 | Group Disability Income | 1.86% | $10,953,747 | $10,970,049 | $5,787,935 | $5,787,935 | 52.76 % |
| 2019 | Group Dental | 0.84% | $9,205,934 | $9,219,635 | $5,069,262 | $5,069,262 | 54.98 % |
| 2019 | Group Stop Loss | 2.94% | $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 | 0.09% | $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 | 0.28% | $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 | 0.11% | $11,937,325 | $0 | $7,888,574 | $0 | N/A |
| 2019 | Group Term Life | 1.02% | $11,937,325 | $0 | $7,870,914 | $0 | N/A |
| 2019 | Group Ordinary Annuities | 0.00% | $0 | $0 | $17,660 | $0 | N/A |
| 2018 | Total Accident & Health | 0.10% | $57,212,517 | $57,438,191 | $35,366,752 | $35,366,752 | 61.57 % |
| 2018 | Total Group Accident & Health | 0.13% | $57,212,517 | $57,438,191 | $35,366,752 | $35,366,752 | 61.57 % |
| 2018 | Group Specified Disease | 0.13% | $116,173 | $116,632 | $19,394 | $19,394 | 16.63 % |
| 2018 | Group Accident Only | 0.05% | $160,568 | $161,201 | $11,579 | $11,579 | 7.18 % |
| 2018 | Group Disability Income | 0.96% | $5,876,099 | $5,899,277 | $4,972,944 | $4,972,944 | 84.30 % |
| 2018 | Group Dental | 0.20% | $1,815,221 | $1,822,381 | $865,837 | $865,837 | 47.51 % |
| 2018 | Group Stop Loss | 2.71% | $49,244,456 | $49,438,700 | $29,496,998 | $29,496,998 | 59.66 % |
| 2018 | Total Life | 0.04% | $13,018,152 | $0 | $27,972,548 | $0 | N/A |
| 2018 | Total Individual Life | 0.04% | $6,244,776 | $0 | $23,216,738 | $0 | N/A |
| 2018 | Individual Whole Life | 0.13% | $1,600,368 | $0 | $6,645,433 | $0 | N/A |
| 2018 | Individual Term Life | 0.01% | $129,756 | $0 | $5,000,000 | $0 | N/A |
| 2018 | Individual Universal Life | 0.29% | $4,514,652 | $0 | $11,562,786 | $0 | N/A |
| 2018 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $8,519 | $0 | N/A |
| 2018 | Total Group Life | 0.04% | $6,773,376 | $0 | $4,755,810 | $0 | N/A |
| 2018 | Group Term Life | 0.57% | $6,773,376 | $0 | $4,737,787 | $0 | N/A |
| 2018 | Group Ordinary Annuities | 0.00% | $0 | $0 | $18,023 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2019 | Health | 0.63% | 3 | 12 |
| 2019 | Life and Annuities | 0.16% | 1 | 65 |
| 2018 | Health | 0.52% | 3 | 14 |
| 2018 | Life and Annuities | 0.14% | 0 | 0 |
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
Financial Exams
This company does not have any financial exams.