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Sun Life bails out of US market.
Old 12-13-2011, 02:47 PM   #1
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Sun Life bails out of US market.

Interesting that this Canadian company is bailing on the US yet will continue in Asia.
Sun Life Financial Inc. (SLF), Canada’s third-largest insurer, plans to stop selling variable annuities and individual life insurance products in the U.S. and will cut 800 jobs there as it shifts focus to Canada and Asia. The stock had its biggest gain in more than two years.

Sun Life To Stop Selling U.S. Variable Annuity Products

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Old 12-13-2011, 03:02 PM   #2
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They stopped selling indexed annuities about a year ago and stopped selling life insurance in the US about two years ago too.

Disclaimer - I am an independent insurance agent. If the above message contains insurance-related content, it is NOT intended as advice, and may not be accurate, applicable or sufficient depending on specific circumstances. Don't rely on it for any purpose. I do encourage you to consult an independent agent for insurance-related advice if you have a question that is specific in nature.
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Old 12-14-2011, 02:43 PM   #3
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So that's why the adds stopped, (two junior execs go to sun valley and suggest they rename it Sun Life Valley and get thrown out on their ears)
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Old 12-14-2011, 09:07 PM   #4
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Maybe they couldn't sell annuities because too many Americans were reading this board!
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