Dividend Declaration

Sun Life Fin.Services of Canada Inc
15 February 2001

SUN LIFE FINANCIAL DECLARES QUARTERLY SHAREHOLDER DIVIDEND

(TORONTO, February 15, 2001) - The Board of Directors of Sun Life Financial
Services of Canada Inc. today declared a quarterly shareholder dividend of $0.12
per share on common shares of the Corporation, payable March 31, 2001 to
shareholders of record at the close of business on February 26, 2001.

This is the second shareholder dividend declared by Sun Life Financial Services
of Canada Inc. since completing its demutualization process and becoming a
public company on March 23, 2000.

The Sun Life Financial of Canada group of companies, and its partners, provide a
wide range of savings, retirement, pension, and life and health insurance
products and services to individuals and corporate customers in Canada, the
United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia,
India, Bermuda and Chile.  Tracing its roots back to 1871, Sun Life Financial of
Canada has grown to become a leading international provider of financial
services with total assets under management of $329 billion CDN at December 31,
2000.

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


NOTE TO EDITORS:   All figures shown in Canadian dollars


Media contacts:
Audrey Gouskos                    Francine Cleroux
[phone]                    [phone]


Investor Relations contact:
Thomas Rice
[phone]

Web site: www.sunlife.com