Sun Life U.S. now offers Family Leave Insurance to help more workers access paid leave benefits to care for loved ones – Insurance News

Wellesley, Massachusetts, February 14, 2024 /PRNewswire/ — Sun Life we It offers family leave insurance (FLI) Alabama, arkansas, tennesseeand texas, more states are planned. Full insurance coverage expands workers’ access to paid time off and gives more employers the option to more easily provide valuable benefits to their employees. Sun Life has long been a champion of paid leave, working with state programs to include private options and supporting recent legislative proposals by senators. deb fisher and Angus King Expanding access to paid leave tax credits for employers. Sun Life FLI is current tax credit compliant and will be compliant with future changes.

“We believe every worker in this country should have the option to take paid leave, and no one should have to choose between their job and caring for a loved one.” Ta. david healyPresident of Group Welfare, Sun Life Co., Ltd. we “The Family and Medical Leave Act provides for up to 12 weeks of unpaid leave, but many employees are faced with difficult decisions about whether they can afford to take time off to attend to their needs. . Employers in these states may choose to offer paid family leave benefits to their employees. Employees can take care of loved ones as needed and work with less stress. You will be able to return to work and be more productive. ”

Sun Life FLI builds on decades of industry experience and expertise in leave, absence management, and return-to-work models to fill significant benefit gaps for employers in states without federal programs. I am. Sun Life FLI is offered as fully insured, helping small and medium-sized employers offer benefits without risking their own funds.

“Workers often look for great benefits when considering a job, so FLI not only gives workers access to paid time off, but also gives employers a powerful tool for recruiting and retaining talent. “We provide the tools,” he said. sheila sokolskyAssistant Vice President of Products and Marketing, Sun Life we “We are pleased to expand this benefit in states that give employers the option to offer it, which also contributes to economic growth.”

With Sun Life FLI, employees can enjoy the benefits of Sun Life’s online claim submission, and employers can track employee leave details to help manage overall health and productivity.

Sun Life FLI can be cited below. Alabama, arkansas, tennessee and texas upon April 1st, other states are expected to approve applications in the coming months.Learn more about https://www.sunlife.com/us/en/employers/products-and-services/family-leave-insurance/.

About Sunlife
Sun Life is a leading international financial services organization providing wealth management, wealth, insurance and health solutions to individual and institutional clients. Sun Life operates in many markets around the world, including: Canada, US, England, Ireland, Hong Kong, Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and bermuda.the current December 31, 2023Sun Life’s total assets under management are 1.4 trillion Canadian dollars. Learn more about. www.sunlife.com.

Sunlife Financial Co., Ltd. will be traded at Toronto (TSX), new york (NYSE) and the Philippine (PSE) stock exchanges are represented by the ticker symbol SLF.

sun life we is one of the largest providers of employee and government benefits, helping more than 50 million Americans access the health care and insurance they need.Through employers, industry partners, and government programs, Sun Life we offers a portfolio of benefits and services including dental, vision, disability, absence management, life, ancillary medical, medical stop-loss insurance, and healthcare navigation. Sun Life employs more than 8,300 people worldwide. weincludes employees of affiliated dental practices and asset management affiliates. Group insurance is issued by the following companies: Sun Life Assurance Company of Canada (Wellesley Hills, Massachusetts), except new yorkinsurance policies are issued by Sun Life and Health Insurance Company (we) (Lansing, Michigan). Visit us for more information. Website and news room.

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