WELLESLEY, Mass. and
SALT LAKE CITY, Utah, Sept. 28, 2020 /PRNewswire/ -- Sun Life U.S.
and The MGIS Companies, Inc., a leading national insurance program
manager, today announced a ten-year extension of their partnership
serving the customized benefit needs of healthcare professional
groups nationwide since 2006. Sun Life will continue to be the
exclusive provider of group disability and life insurance to MGIS'
growing base of healthcare professionals in various practice
settings and will expand products and services to shared Clients
under the new agreement.
"We're delighted to continue our partnership with MGIS, which is
the market leader in insurance management services for healthcare
professionals and has a longstanding commitment to healthcare
practices," said David Healy, senior
vice president, Group Benefits at Sun Life U.S. "Our extended
partnership will allow us to expand our rich coverages and services
for healthcare professionals by pairing our benefits expertise with
the deep knowledge of MGIS in serving the unique needs of this
marketplace."
Sun Life's dedicated claim team for MGIS clients understands the
complexity of healthcare incomes and how to help these
high-performing, patient-focused professionals get back on their
feet after an illness or injury with the help of its clinical,
vocational and occupational rehabilitation experts.
"We are very pleased to extend our partnership with Sun Life,"
said Jeff Brunken, president, MGIS.
"Sun Life's commitment to innovation and high quality within the
specialized healthcare professional disability insurance sector
makes them the ideal partner for us. We look forward to
growing together and meeting the needs of our clients and brokers
for years to come."
MGIS and Sun Life plan to build upon on their popular offerings,
like the unique MGIS IncomeProtect® program that provides highly
specialized long-term disability coverage designed exclusively for
physicians, dentists and other healthcare professionals. Together,
they will design distinctive solutions for the evolving healthcare
marketplace to address the multifaceted income replacement needs of
healthcare professionals.
About Sun Life
Sun Life is a leading international
financial services organization providing insurance, wealth and
asset management solutions to individual and corporate Clients. Sun
Life has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30,
2020, Sun Life had total assets under management of
C$1,122 billion. For more
information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
In the United States, Sun Life
is one of the largest group benefits providers, serving more than
60,000 employers in small, medium and large workplaces across the
country. Sun Life's broad portfolio of insurance products and
services in the U.S. includes disability, absence management, life,
dental, vision, voluntary and medical stop-loss. Sun Life and its
affiliates in asset management businesses in the U.S. employ
approximately 5,500 people. Group insurance policies are issued by
Sun Life Assurance Company of Canada (Wellesley
Hills, Mass.), except in New
York, where policies are issued by Sun Life and Health
Insurance Company (U.S.) (Lansing,
Mich.). For more information, please visit
www.sunlife.com/us.
About MGIS
MGIS is a leading national insurance program manager experienced in
building and managing specialized insurance programs for healthcare
professionals. We partner with the highest rated insurers and focus
on group disability and life for medical practices of all sizes,
types, and specialties. Insurance policies managed by MGIS are
backed by members of the Sun Life group that are insurance
companies and Certain Underwriters at Lloyd's. We work exclusively
through select brokers and insurance advisers. MGIS services are
provided by MGIS affiliated companies: The MGIS Companies, Inc.,
Medical Group Insurance Services, Inc., and MGIS Underwriting
Managers, Inc. (DBA as MGIS Professional Insurance Solutions in CA
and MGIS Underwriting Agency in NY). www.mgis.com
Media contact:
Devon
Fernald
Sun Life U.S.
781-800-3609
Devon.Portney.Fernald@sunlife.com
Connect with Sun Life U.S.
https://www.facebook.com/SLFUnitedStates
https://www.linkedin.com/company/sun-life-financial
https://twitter.com/SunLifeUS
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SOURCE Sun Life U.S.