WELLESLEY, Mass., Feb. 14,
2024 /PRNewswire/ -- Sun Life U.S. is offering Family
Leave Insurance (FLI) in Alabama,
Arkansas, Tennessee, and Texas, with more states on the way. The fully
insured offering broadens workers' access to paid leave, giving
more employers the option to provide a valuable benefit to their
employees more easily. Sun Life has long been an advocate for paid
leave, working with state programs to include a private option and
supporting the recent legislative proposal from Senators
Deb Fischer and Angus King to expand access to the employer paid
leave tax credit. Sun Life FLI aligns with the current tax credit
and will align with changes in the future.
"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," said David
Healy, president, Group Benefits, Sun Life U.S. "While the
Family and Medical Leave Act provides unpaid leave up to 12 weeks,
many employees have the difficult decision of whether they can
afford to take time off to address their needs. Employers in these
states can choose to offer paid family leave benefits to their
employees, who will have the ability to care for a loved one when
necessary and return to work less stressed, and ready to be
productive."
Built on decades of industry experience and expertise on leave,
absence management, and return-to-work models, Sun Life FLI fills a
substantial benefits gap for employers in states without government
programs. Sun Life FLI is offered as fully insured coverage,
helping small and mid-size employers offer the benefit without the
risk of self-funding.
"In addition to giving workers access to paid leave, FLI gives
employers a powerful tool for talent recruitment and retention, as
more often, workers seek out a robust benefits offering when
considering jobs," said Sheila
Sokolski, assistant vice president, Product and Marketing,
Sun Life U.S. "We are pleased to expand this benefit in states that
give employers the option to offer it, which will also contribute
to economic growth."
With Sun Life FLI, employees get the benefit of Sun Life's
online claims submission, and employers can track employees' leave
details, supporting overall health and productivity management.
Sun Life FLI is available for quoting in Alabama, Arkansas, Tennessee and Texas on April
1, with other states expected to approve filing in the
coming months. For more information visit
https://www.sunlife.com/us/en/employers/products-and-services/family-leave-insurance/.
About Sun Life
Sun Life is a leading international
financial services organization providing asset management, wealth,
insurance and health solutions to individual and institutional
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 December
31, 2023, Sun Life had total assets under management of
C$1.40 trillion. 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.
Sun Life U.S. is one of the largest providers of employee and
government benefits, helping more than 50 million Americans access
the healthcare and coverage they need. Through employers, industry
partners and government programs, Sun Life U.S. offers a portfolio
of benefits and services, including dental, vision, disability,
absence management, life, supplemental health, medical stop-loss
insurance, and healthcare navigation. Sun Life employs more than
8,300 people in the U.S., including associates in our partner
dental practices and affiliated companies in asset management.
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 visit our website and newsroom.
Media contacts
Devon Fernald
Sun Life U.S.
Devon.Portney.Fernald@sunlife.com
781-800-3609
Anjie Coplin
Sun Life U.S.
Anjie.Coplin@sunlife.com
214-549-1553
Connect with Sun Life U.S.
https://www.facebook.com/SLFUnitedStates/
https://www.linkedin.com/company/sun-life-financial/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sun-life-us-now-offers-family-leave-insurance-to-help-more-workers-access-paid-leave-benefits-to-care-for-loved-ones-302062224.html
SOURCE Sun Life U.S.
