With Sun Life Essentials™, you can help employees save for their future. It’s our group retirement solution for business owners.
With a high-quality digital administration process, the application and set-up for Sun Life Essentials is quick and easy. There are no set-up fees, and within a week your workplace plan can be up and running!
Offering a workplace savings plan for your business is easier than you think. It helps you:
- Attract and retain employees
- Empower your employees’ financial futures
- Reduce the stress of creating a financial roadmap and increase financial literacy
We’ve created an innovative digital plan that is easy to set up for employers and employees, tailored to your needs.
Reduce the stress of retirement planning and provide peace of mind
Employees can manage their plans quickly and easily through the my Sun Life mobile app
Low fees mean investments go even further
Sun Life Essentials Plus
Coming soon!
Contractual documents
- RRSP/TFSA service and fee agreement Opens in a new tab (Entente sur les frais et services – REER/CELI Ouvre dans un nouvel onglet)
- RRSP group annuity policy Opens in a new tab (Police de rente collective – REER Ouvre dans un nouvel onglet)
- RRSP plan text Opens in a new tab (Texte du régime – REER Ouvre dans un nouvel onglet)
- TFSA group annuity policy Opens in a new tab (Police de rente collective – CELI Ouvre dans un nouvel onglet)
- TFSA plan text Opens in a new tab (Texte du régime – CELI Ouvre dans un nouvel onglet)
IMPORTANT: The advisor of record must hold a valid life insurance license in the province or territory where the group Client’s authorized decision-maker is located (typically the location of the Client’s head office). For Quebec Clients, the advisor must also hold a “Group Insurance Plans”, “Group Annuity Plans” or “Group Insurance of Persons” certificate issued by the l’Autorité des marchés financiers (AMF), as the case may be.
IMPORTANT REMINDER – Quebec Sun Life advisors:
In accordance with Quebec's regulation respecting the pursuit of activities as a representative, advisors offering group annuity products or services to a Client (plan sponsor) must provide a mandate setting out in writing the nature and scope of the products and services being offered to the Client. This obligation includes a product suitability assessment by way of a needs analysis. Recommendation(s) must be provided to the Client based on the advisor's assessment in relation to this Client's needs.
The following documents and information must be provided to the Client prior to the submission of the Sun Life Essentials™ application and retained in the Client file:
- Mandate,
- Needs analysis (product comparison), and
- Recommendation(s)
Note: Procedures and templates related to the ‘mandate' are available on AdvisorHub for Sun Life advisors.