Sun Life Financial and National Bank give Canadians an integrated solution to simplify their banking

How flexible is your bank account?

WATERLOO, ON, March 24 2010 – Effective March 31, Sun Life Financial advisors are able to refer clients to National Bank to discuss their options around the National Bank All-In-One account, which allows consumers to run all of their banking – mortgage, savings, loans, and any other debt – through one account.

“The partnership established between Sun Life Financial and National Bank has led to the addition of a valuable product for our clients,” said Vic Kazazian, Senior Vice-President, Career Sales Force, Sun Life Financial Canada. “The All-In-One account will give clients a good look at their big picture financial situation, will help them manage their debt, review their savings and help clients work towards achieving lifetime financial security.”

The All-In-One account offers clients many benefits:

  • No monthly fees and instant access to funds
  • Faster debt reduction by only paying interest on amount of credit used
  • Large sub-account structure
  • Consolidated monthly statement
  • Flexible repayment options, with a combination of fixed and variable rates

“National Bank’s All-In-One account was awarded the 2008 Mortgage of the Year by Canadian Mortgage Trends, making it a good match with Sun Life Financial’s industry-leading suite of life insurance, health insurance, and wealth management products,” said Martin Lavigne, Senior Vice-President, Third-Party Business Solutions, National Bank Financial Group. “The All-In-One is a highly flexible account that can be customized to meet each individual’s needs.”

Here is one example to illustrate how the National Bank All-In-One account works:

You take out a mortgage valued at $100,000 and decide to use the All-In-One account. You have $10,000 in savings, not linked to your All-In-One. Every month, you pay $267.12 in interest through your All-In-One at a rate of 3.25%, and receive $4.52 in interest on your savings account at a rate of .55%. By transferring your savings to your All-In-One account, your balance would be reduced to $90,000, decreasing the amount of interest paid to $240.41 per month, a savings of $26.71 monthly that isn’t subject to income tax. You can then use these savings to contribute to other areas of your financial plan.

To determine if an All-In-One account is right for you, or to discuss how the All-In-One account can help you with your overall financial plan, see your local Sun Life Financial advisor, or visit

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2009, the Sun Life Financial group of companies had total assets under management of CDN$433 billion. For more information please visit

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

About National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $134 billion in assets and, together with its subsidiaries, employs 17,946 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at