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Sun Life Singapore launches Indexed Universal Life policy amid strong wealth inflows

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Sun Life Singapore launches Indexed Universal Life policy amid strong wealth inflows
Sun Life Singapore has also introduced its inaugural Philanthropic Pledge in partnership with Community Chest. Photo: Bloomberg
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Sun Life Insurance Company of Canada Singapore Branch has launched the SunBrilliance Indexed Universal Life (SunBrilliance IUL) to cater to the different needs of the affluent, high-net-worth (HNW) and ultra-high-net-worth (UHNW) client segments in Singapore.

The launch comes amid record wealth inflows into the nation, and as a growing number of HNW and UHNW families are prioritising their wealth preservation and succession planning needs since the pandemic struck.

“Recognising this opportunity, we have developed the SunBrilliance Indexed Universal Life which is designed to appeal to the investment-savvy Affluent, HNW and UHNW clients. We have an innovative solution that offers a good balance of both long-term security and protection, as well as the ability to take advantage of market upsides and achieve potential attractive returns by benchmarking the S&P 500 index,” says Sun Life Singapore’s chief partnership and marketing officer, Michael Wei.

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