Sun Life Go Guaranteed Life Insurance is a type of life insurance that helps provides lifetime coverage. We’ll provide a payment to your beneficiary after you die, as long as you pay the premiums and we approve the claim. Your monthly payments will stay the same until you turn 95. At that age, you stop paying but your life insurance will cover you for the rest of your life.
You may end up paying more in premiums than the actual death benefit that goes to your beneficiaries. For example, you're age 48 and buy $25,000 of Sun Life Go Guaranteed Life Insurance for $60 per month. By the time you reach age 82, you'll have paid more than $25,000 in monthly premiums. This is more than the policy will pay to your beneficiary. If you die before age 82, you'll have paid less for your death benefit.