May 9 (Reuters) - Canada's Sun Life Financial ( SLF )

reported a fall in first-quarter profit on Thursday, hurt by

higher morbidity claims.

The country's second-largest life insurer posted underlying

net income of C$875 million ($639.81 million), or C$1.50 per

share, in the three months ended March 31, compared to C$895

million, or C$1.52 per share, a year earlier.

($1 = 1.3676 Canadian dollars)