Sun Life Financial says a new partnership with Arthur J. Gallagher & Co. expands its ability to deliver insurance products and employee benefit solutions.
Gallagher clients on the Gallagher Marketplace private exchange can now access a variety of Sun Life products, including voluntary short-term disability, long-term disability, life, accidental death and dismemberment, critical illness and cancer insurance. The arrangement brings the number of private exchanges delivering Sun Life products to five.
The employee benefits consulting and brokerage operations of the Gallagher Co. launched the Gallagher Marketplace to help employers set predictable budgets for their employee benefits programs, the firm says, and to provide employees with a “consolidated online benefits store.”
“Expanding our offerings to private exchanges is an important part of our effort to meet the diverse needs of employers and their employees,” notes Karen White, assistant vice president of product initiatives for Sun Life. “Adding Sun Life employee benefits to the Gallagher Marketplace exchange, powered by Liazon’s technology platform, was a natural step for us, as Gallagher has been a strategic broker partner of ours since 2007.”
Rick Strater, vice president of private exchanges for Gallagher, says clients of the firm will benefit from the breadth of Sun Life’s insurance and benefit offerings.
More information on the exchange program is available at www.ajg.com.