Futher re DividendDeclaration

Sun Life Fin.Services of Canada Inc
15 February 2002



                         SUN LIFE FINANCIAL DECLARES 
                   INCREASED QUARTERLY SHAREHOLDER DIVIDEND

(TORONTO, February 13, 2002) - The Board of Directors of Sun Life Financial
Services of Canada Inc. (NYSE, TSE: 'SLC') today declared a quarterly
shareholder dividend of $0.14 per share on common shares of the Corporation,
payable March 31, 2002, to shareholders of record at close of business on Feb.
26, 2002. This represents an increase of two cents, or 16.7 per cent, per share.

Sun Life Financial released its 2001 unaudited financial results on Feb. 4,
2002. Today, it released its audited financial statements for the year ended
Dec. 31, 2001. Copies will be available later today at www.sunlife.com.

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 December 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.'

NOTE TO EDITORS: All figures shown in Canadian dollars.


 
Media contacts:

John Vincic                              Francine Cleroux 
416-979-6070                             514-866-2561

Investor Relations contact:              Shareholder Inquiries contact:
Thomas Rice                              Jo-Anne Archibald 
416-204-8163                             416-979-4108


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