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Sun Life has added two life insurance solutions to its suite of permanent products: SunUniversalLife Pro and Sun Permanent Life, the Toronto-based firm said in a release on Monday.

SunUniversalLife Pro is an insurance solution for business owners, and offers guarantees, cash accessibility and various optional benefits, the release said.

Sun Permanent Life provides clients with guaranteed premiums and death benefits, and provides a guaranteed cash value starting in year three, which can be used in the case of an emergency, the release said.