Nov 4 (Reuters) - Sun Life reported a rise in

third-quarter profit on Monday as Canada's second-largest life

insurer benefited from robust growth in its domestic and U.S.

businesses.

Underlying earnings from Sun Life's Canada business rose

11% in the quarter, while U.S. business saw an 18% jump.

Meanwhile, Sun Life's wealth and asset management posted

underlying earnings of C$474 million, a 4% rise from prior year,

driven by higher fee income.

The company's underlying net income was C$1.02 billion

($733.76 million), or C$1.76 per share, in the three months

ended Sept. 30, compared with C$930 million, or C$1.59 per

share, a year earlier.

Bigger rival Manulife Financial ( MFC ) is slated to

report its results on Wednesday.

($1 = 1.3901 Canadian dollars)