Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc    SLF   CA8667961053

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sun Life Financial Inc. : Sun Life Financial Offers Group Dental with United Concordia® Alliance Network

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/05/2013 | 04:10pm CEST

The Employee Benefits Group of the U.S. business group of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) today announced that Sun Life's Group Dental plans now provide access to the United Concordia® Alliance network. Available to customers as of March 1, 2013, the arrangement provides 27%1 more dental provider access points to Sun Life dental customers than the Advantage Plus Network, which the new arrangement replaces.

Sun Life Dental offers dental PPO plans in all states, with coverage for employees and dependents. Employers can customize many plan features, including deductibles, benefit waiting periods, coinsurance levels, and plan maximums. Optional benefits include built-in routine care, orthodontia for children and adults, and an annual maximum rollover benefit. Fully-insured plans can be structured as 100% employer-paid, 100% employee-paid ("voluntary"), or as a shared-funding model ("contributory"). Administrative Services are available to employer groups who prefer to self-fund their dental plans. Two plans can be offered for a Dual Select, or "high-low" plan design, providing employees greater choice.1

In July 2011, Sun Life entered an agreement with United Concordia that provided access to the Advantage Plus dental PPO network. Sun Life Dental plans will now be sold with United Concordia's Alliance PPO network, which boasts 96,000 providers at over 246,000 access points across the country.

"Sun Life is a leader in disability insurance and is committed to the full array of employee benefits. We've provided group dental plans in the U.S. for over 20 years. We've thoughtfully and deliberately worked to grow our dental block with smart product development," said Michael E. Shunney, Senior Vice President Distribution, Sun Life Financial U.S. "Our partnership with United Concordia is helping us take our dental offerings to the next level. The continued growth of their PPO network is a great win for us and for our customers."

Sun Life provides Group Life, Disability, Dental, and Medical Stop-Loss insurance to over 33,000 U.S. customers, protecting over 10 million employees and their dependents, with $2 billion of in-force business. For more on Sun Life, visit www.sunlife.com/us.

About the Alliance Network Agreement

Alliance Network applies only to dental plans underwritten by Sun Life Assurance Company of Canada and Sun Life Insurance and Annuity Company of New York. Excludes plans underwritten by Sun Life and Health Insurance Company U.S. The network is made available through an agreement with United Concordia Companies, Inc. Claims administration services are provided by United Concordia Companies, Inc. and regulations. Group insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series GP-A and GC-A. In New York, group insurance policies are underwritten by Sun Life Insurance and Annuity Company of New York (New York, NY) under Policy Form Series GP-A and GC-A. Product offerings may not be available in all states and may vary depending on state laws and regulations.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, and Bermuda. In the United States and elsewhere, insurance products are offered by members of the Sun Life Financial group that are insurance companies. Sun Life Financial Inc., the holding company for the Sun Life Financial group of companies, is a public company. It is not an insurance company and does not offer insurance products for sale in the United States or elsewhere, and does not guarantee the obligations of its insurance company subsidiaries. In the United States, Sun Life Financial provides a range of products and services to employers and their employees, including group and voluntary life, disability, dental and stop-loss insurance products. These products are issued by Sun Life Assurance Company of Canada in all states except New York. In New York, these products are issued by Sun Life Insurance and Annuity Company of New York. Product offerings may not be available in all states and may vary depending on state laws and regulations. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information, visit www.sunlife.com/us.

PRFL-3271 SLPC 24771 02/12 (exp. 02/18)

1 Network growth based on data reported by United Concordia Provider Relations as of February 19, 2013.

2 Benefit waiting periods, optional benefits, and plan provisions may not be available in all states or on all cases. For Voluntary and Contributory plans, participation requirements apply. Product offerings may not be available in all states and may vary depending on state laws Please contact your Sun Life Financial Employee Benefit Group representative for a quote in your state.

Media contact:
Sun Life Financial
Tim Stone, 781-366-5376
tim.stone@sunlife.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUN LIFE FINANCIAL INC
08/17 TOP GAINERS OF THE DAY : Sun Life Financial Inc. from Property & Casualty Insur..
08/11 SUN LIFE : Cathy Liston appointed to lead Sun Life Financial's U.S. Group and Vo..
08/11 Sun Life Financial’s earnings tumble in Q2 of 2016
08/11 SUN LIFE : Hong Kong to Acquire Pension Business of FWD Life Insurance Company (..
08/10 SUN LIFE FINANCIAL : posts 2Q profit
08/10 SUN LIFE FINANCIAL : Reports Second Quarter 2016 Results
08/08DJKEY CANADA EVENTS : Week of August 8 to 12
08/08 SUN LIFE : FWD and Sun Life Announce Distribution Agreement for Hong Kong Retire..
08/05SUN LIFE FINANCIAL INC : half-yearly earnings release
08/04 SUN LIFE FINANCIAL : launches new business area to expand in digital health
More news
Sector news : Life & Health Insurance - NEC
08/23 NEW CHINA LIFE INSURANCE : Waldorf Astoria owner Anbang plans Hong Kong IPO of l..
08/22DJPOWER OF CANADA : Meet the Brothers Grooming Canada's Next Corporate Titans
08/19DJJOY CITY PROPERTY : to Sell Interest in Six Properties in China for CNY9.29 Bill..
08/17DJPING AN BANK : Insurance First-Half Net Profit Up 18%
08/17 AEGON : Kames says reduces price cut on UK property fund to 8.5 percent
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
08/11 Sun Life Financial's (SLF) CEO Dean Connor on Q2 2016 Results - Earnings Call..
08/10 Sun Life Financial declares C$0.405 dividend
08/10 Sun Life Financial beats by $0.19, beats on revenue
08/09 Notable earnings after Wednesday?s close
08/03 Sun Life boosts Hong Kong pension position
Advertisement
Financials ( CAD)
Sales 2016 32 318 M
EBIT 2016 2 467 M
Net income 2016 2 197 M
Debt 2016 3 173 M
Yield 2016 3,89%
P/E ratio 2016 11,83
P/E ratio 2017 10,54
EV / Sales 2016 0,89x
EV / Sales 2017 0,94x
Capitalization 25 518 M
More Financials
Chart SUN LIFE FINANCIAL INC
Duration : Period :
Sun Life Financial Inc Technical Analysis Chart | SLF | CA8667961053 | 4-Traders
Full-screen chart
Technical analysis trends SUN LIFE FINANCIA...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 46,4  CAD
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dean A. Connor President, CEO & Non-Independent Director
James Harry Sutcliffe Chairman
Colm J. Freyne Chief Financial Officer & Executive Vice President
Stevan Lewis Chief Technology Officer & Senior Vice President
Mark S. Saunders Chief Information Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SUN LIFE FINANCIAL INC-2.02%19 718
AXA-30.62%49 124
PRUDENTIAL PLC-9.67%47 492
METLIFE INC-15.81%44 603
PRUDENTIAL FINANCIAL I..-6.08%33 413
AFLAC INCORPORATED21.50%29 809
More Results