Business Services Industry
Sun Life Financial Inc
HR Magazine, April, 2008
Sun Life Financial Inc. has launched the Retro Disability Benefit for employees, an innovative product that provides extra financial benefits to seriously ill or injured individuals. If an employee is hospitalized for 14 days or more at the onset of total disability and approved for long-term disability benefits, Sun Life will retroactively pay benefits from the first day the person became disabled. The benefit is paid to claimants as a lump sum, and there are no offsets for earnings, sick pay or other insurance benefits.
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