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Sun Life U.S. expands Family Leave Insurance to seven states, bringing important coverage to millions of workers
Prnewswireยท 2025-10-29 17:41
Core Insights - Sun Life U.S. has expanded its Family Leave Insurance (FLI) to seven new states, increasing the total to 24 states, providing employers with a valuable benefit option for employees [1][2][3] Company Overview - Sun Life U.S. is a major provider of employee and government benefits, assisting approximately 50 million Americans with various coverage options [8] - The company operates in multiple markets globally, with total assets under management of C$1.54 trillion as of June 30, 2025 [6] Product Details - FLI is designed to cover all eligible employees regardless of their state of employment, filling a gap in states without government programs [3][4] - The insurance is offered as fully insured coverage, allowing small and mid-size employers to provide benefits without self-funding risks [4] Market Position - Sun Life's FLI aligns with current tax credits and is adaptable to future changes, enhancing its appeal to employers [1][3] - The standalone nature of Sun Life's FLI policy provides greater market flexibility compared to competitors who offer it as a rider within short-term disability [4]