Sun Life has not raised rates for less interest-sensitive products in this round of adjustments, and the change is not related to “current or anticipated claims experience,” Vineet Kochhar, senior vice-president for insurance solutions, said by email. Manulife said it will reduce premiums by 10%, including prescription drugs, for the month of May. Claims incurred as of November 1, 2016, can be sent to Sun Life for reimbursement. Sun Life and Great-West will also return 20% of premiums for other extended coverage excluding prescription drugs, with all the reductions applied retroactively to the beginning of April, and re-assessed on a monthly basis. WhEN WILL mY bENEFITS SWITch TO ThE NEW SUN LIFE FINaNcIaL pLaN. Higher payouts are somewhat offset by fewer claims on dental, vision and extended coverage, allowing Sun Life, Manulife Financial Corp MFC.TO and Great-West Lifeco GWL.TO subsidiary Canada Life to cut dental premiums by 50%, they said in separate statements. Canada’s benchmark interest rate is down at 0.25%. Market volatility and plunging yields have slammed returns from investment portfolios for Sun Life and other insurers, even as the COVID-19 pandemic has boosted payout expenses. Sign in to submit an EZClaim, review coverage and access valuable health resources. or a photocopy of a receipt from a recent claim indicating health coverage. FILE PHOTO: The Sun Life Financial logo is seen at their corporate headquarters of One York Street in Toronto, Ontario, Canada, February 11, 2019. Your application must be received by Sun Life Assurance Company of Canada.
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