OREANDA-NEWS. February 26, 2016.  Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) announced an agreement with Assurant, Inc. ("Assurant") (NYSE: AIZ) to acquire Assurant's U.S. Employee Benefits business. The parties have now received all regulatory approvals required in connection with the transaction and the transaction is expected to close on or about March 1, 2016.

The foregoing statement concerning the anticipated closing of the purchase of Assurant's U.S. Employee Benefits business is a forward-looking statement. It represents the Company's current expectations regarding future events and is made within the meaning of the "safe harbour" provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. Other important risk factors that could cause our actual results to differ materially from those expressed in or implied by the forward-looking statements in this news release are listed in the annual information form of Sun Life Financial Inc. for the year ended December 31, 2015, under the heading "Risk Factors" and other regulatory filings of ours filed or furnished to Canadian and U.S. securities regulators available at www.sedar.com and www.sec.gov.