How advisers are using SunJoy II for capital stability, liquidity, and intergenerational planning — a participating whole of life briefing for professional advisers.
USD policy currency · figures indicative, subject to underwriting
SunJoy Global Insurance Plan II compresses funding into two or five years while retaining a lifetime participating structure — guaranteed cash value plus declared reversionary and terminal bonuses.
Advisers are not positioning SunJoy II for return optimisation. They use it where a client balance sheet needs liquidity that does not depend on selling illiquid assets, or where a portfolio needs a defensive, non-market-linked allocation whose returns come from declared participating bonuses rather than direct market exposure.
Its second role is structural. Single or joint life cover, interim and contingent ownership, policy split and continuation features, and designated recipient withdrawals let a single contract carry a family through changing circumstances without repeated restructuring.
Funding is compressed into two or five years, while the contract itself runs for the whole of life.
Participating Whole of Life
2-Pay or 5-Pay
US$250,000 (2-Pay)
US$150,000 (5-Pay)
US$500,000 (2-Pay)
US$750,000 (5-Pay)
USD, CAD, GBP, RMB, AUD, HKD
+ EUR, AED and SGD
Change option from policy year 3
Total policy value is built from a guaranteed cash value base plus two layers of declared participating bonuses. Bonuses are non-guaranteed until credited, at which point reversionary bonus becomes part of guaranteed value.
Accrues from policy inception regardless of market conditions
Declared annually and guaranteed once credited
Declared annually and payable on death of the insured
Four recurring adviser use cases, each assigning the policy a distinct role on the client balance sheet.
Cash reserve strategy
For
Balance-sheet-driven clients with illiquid assets
Role in the plan
Why advisers use it
Diversified allocation strategy
For
Strategic asset allocation and portfolio construction
Role in the plan
Why advisers use it
Income stability strategy
For
Income-sensitive clients
Role in the plan
Why advisers use it
Intergenerational planning strategy
For
Long-term estate and succession planning
Role in the plan
Why advisers use it
Ownership and continuation features let one contract adapt without repeated restructuring.
Insured Structure
Single Life or Joint Life flexibility
Policy Ownership
Interim and contingent ownership options
Continuation Planning
Policy split and continuation features
Liquidity Access
Designated recipient withdrawals
Sun Life Hong Kong publishes fulfilment ratios showing how actual non-guaranteed benefits compare with those illustrated at point of sale.
The formula
Fulfilment ratio = Actual non-guaranteed benefit paid ÷ Illustrated non-guaranteed benefit
Example fulfilment ratios
Actual versus illustrated, by policy duration
Policy duration
Product-specific context
SunJoy series
Fulfilment ratios are a transparency tool. They explain how illustrations have performed historically, not what future bonuses will be.
Source: Sun Life Hong Kong — Fulfillment Ratios of Respective Products. Over 100% means better than illustrated, under 100% means lower than illustrated. Product example referenced: WARMTH Retirement 65.
Supporting figures and case comparisons are maintained in the adviser workbook.
This page is intended exclusively for professional financial advisers and is not directed at retail clients or members of the public.
Nothing on this page constitutes a personal recommendation, financial promotion, or an offer to buy or sell any insurance or investment product. Product features, premium levels, currency options, and remuneration structures are illustrative and subject to insurer terms, jurisdictional availability, and underwriting.
Participating policy values include non-guaranteed elements. Reversionary and terminal bonuses are declared at the insurer’s discretion and are not guaranteed; past fulfilment ratios are not a reliable indicator of future bonus declarations.
Advisers remain responsible for assessing suitability for each client based on their residence, objectives, and circumstances, and for complying with local regulatory requirements.
Capital for Life and Forest Wealth SA may receive remuneration from product providers in connection with intermediated cases. Specific arrangements are disclosed to clients in writing before any policy is arranged.
Content is not directed at residents of any jurisdiction where its publication or availability would be contrary to local law. Not for distribution to US persons. Some products referenced are not available in all jurisdictions.
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