Wednesday, June 24, 2009
Sun Life Beams About Variable Annuities but Barriers Remain
Sun Life Financial Inc. has added new leadership to its U.S. annuities division to increase variable annuity sales, but analysts say the Toronto company has to overcome larger competitors as well as wary advisors and consumers.
Terry Mullen, the president of the division, Sun Life Financial Distribution in Wellesley, Mass., who was hired from Lincoln Financial Group last year, said Sun Life has "aggressively topgraded" its wholesalers over the past fives months to boost distribution.
It has the same number of wholesalers it did at the end of 2008, but added 30 from competitors, Mullen said...
Financial Planning: Sun Life Beams About Variable Annuities but Barriers Remain
Terry Mullen, the president of the division, Sun Life Financial Distribution in Wellesley, Mass., who was hired from Lincoln Financial Group last year, said Sun Life has "aggressively topgraded" its wholesalers over the past fives months to boost distribution.
It has the same number of wholesalers it did at the end of 2008, but added 30 from competitors, Mullen said...
Financial Planning: Sun Life Beams About Variable Annuities but Barriers Remain
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