Sun Life Financial

Liquidation Pending Account

The Liquidation Pending Account (LPA) is a Fixed Guaranteed Period designed to provide Clients a market neutral investment option to utilize when they request a full liquidation or death benefit claim of their account while undergoing the Client Due Diligence (CDD) process. 

At a Glance:

Funds allocated to the LPA will remain in this option until the CDD process is complete and the account is liquidated.

There are no fees associated with the LPA.

The LPA does not impact a Client’s death benefit.

The LPA is for:

Clients who request a full liquidation of their investment account (LPA is not available with partial withdrawals).

Clients who request a death benefit claim (all beneficiaries/indirect participants in the account must agree to the election in writing).

To take advantage of the LPA, a Client must elect to do so as part of their liquidation request or death benefit claim and complete the appropriate addendum.

Death Claim –Liquidation Pending Account Election Request (SLOC)	Death Claim –Liquidation Pending Account Election Request (SLFIB)	Withdrawal –Liquidation Pending Account Election Request (SLOC)	Withdrawal –Liquidation Pending Account Election Request (SLFIB)

Please review the LPA guides below to learn about how your Client can elect the
new Liquidation Pending Account.
 

How To Take Advantage Of The Liquidation Pending Account	How To Elect The Liquidation Pending Account With A Death Benefit Claim	How To Elect The Liquidation Pending Account When Requesting A Full Liquidation

You can also learn more by reviewing the Frequently Asked Questions.