Dividend Record Date

Sun Life Fin.Services of Canada Inc
15 April 2002


  SUN LIFE FINANCIAL AND CLARICA PROPOSE COMMON RECORD DATE FOR NEXT DIVIDEND


(TORONTO, April 15, 2002) - Sun Life Financial Services of Canada Inc. (TSE,
NYSE: 'SLC') and Clarica Life Insurance Company (TSE: 'CLI') today announced
that management of Sun Life Financial and Clarica propose to recommend to their
respective Boards of Directors that a common record date for the next common
share dividend be established as May 10, 2002.

The establishment of a common record date will ensure that common shareholders
of both companies on that record date will each be entitled to receive a
dividend payment regardless of the date on which the proposed combination of
Clarica and Sun Life Financial is completed. Subject to regulatory approval, the
combination of Clarica and Sun Life Financial is expected to be completed in the
second quarter.



About Clarica

Clarica has provided insurance and investment solutions to Canadians for more
than 130 years. As well as individual and group insurance, Clarica also provides
a full range of savings and retirement products. In Canada, Clarica serves
approximately 4 million customers through 8,000 staff, agents, financial
planners and group representatives who operate out of 90 offices throughout the
country. In the U.S., Clarica operates from three mid-western locations to serve
225,000 policyholders.


About Sun Life Financial

Sun Life Financial is a leading international financial services organization
providing a diverse range of wealth accumulation and protection products and
services to individuals and corporate customers. Tracing its roots back to 1871,
Sun Life Financial and its partners today have operations in key markets
worldwide, including Canada, the United States, the United Kingdom, Hong Kong,
the Philippines, Japan, Indonesia, India and Bermuda. As of Dec. 31, 2001 the
Sun Life Financial group of companies has total assets under management of CDN
$352 billion.



Sun Life Financial Services of Canada Inc. trades on the Toronto (TSE), New York
(NYSE) and Philippine (PSE) stock exchanges under ticker symbol 'SLC' and on the
London Stock Exchange under ticker symbol 'SFC'.


                                      -30-


Media contacts:

John Vincic                         Nicholas Thomas
Sun Life Financial                  Clarica

416-979-6070                        519-888-3160



Investor Relations contacts:

Thomas Rice                         Vivian Zochowski

Sun Life Financial                  Clarica

416-204-8163                        519-888-2733



Shareholder Services contact:

Jo-Anne Archibald

Sun Life Financial

416-979-4108



                      This information is provided by RNS
            The company news service from the London Stock Exchange