Sun Par Protector Sun Par Accumulator - Sun Life of Canada · PDF file4 YOUR GUIDE TO SUN PAR...
Transcript of Sun Par Protector Sun Par Accumulator - Sun Life of Canada · PDF file4 YOUR GUIDE TO SUN PAR...
LIFE INSURANCE | Participating whole life
Sun Par Protector & Sun Par AccumulatorADVISOR GUIDE
What’s inside:
productinformation
dividendoptions
administrativeinformation
optionalbenefits
ADVISOR USE ONLY
Life’s brighter under the sun
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Products at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Guaranteed premium payment options, issue ages, and coverage options . . . . . . . . . . . . . . . . . . . . 8
Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Dividend options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Premium offset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15
Plus premium benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Cash values . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Administrative information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Additional non-par benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
2 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
TABLE OF CONTENTS
Sun Life Financial participating permanent life insuranceSun Par ProtectorandSun Par Accumulatorarepowerfulparticipating(par)permanentlifeinsuranceproductsthat
protectCanadiansandcanhelpthemreachtheirlong-termgoals.
Youcanusethisguidetohelpyouunderstandthebenefitsandfeaturesoftheseproducts.It’sintendedtoprovide
anin-depthlookattheproducts,dividendoptionsandoptionalbenefitsavailablewithSun Par Protectorand
Sun Par Accumulator.Forcompletedetails,includingtermsandconditions,pleaserefertothesamplepolicypages
whichcanbefoundontheadvisorwebsiteyouusewithSunLifeFinancial.
Lifetime insurance protection
Clientscanhavepeaceofmindknowingthatmoneywillbeavailabletoprovidefortheirfamily,continuetheir
businessorensuretheirassetstransferintacttothenextgeneration.Participatingpermanentlifeinsuranceprovidesa
combinationofpermanentlifeinsuranceprotectionandanopportunityfortax-preferredinvestmentgrowth.Thebase
insuranceprotectionisguaranteedforlife,aslongasthepremiumsarepaidwhentheyaredue.
An investment for the future
WithSun Par ProtectorandSun Par Accumulator,aclient’spolicymaybecreditedwithpolicyholderdividends,
determinedbySunLifeFinancial’sBoardofDirectors.Withthedividendoptionselected,clientscanchoosetobuy
additionalcoverage,receiveacashpayment,usethemtoreducetheirannualpremiumorleavethemondepositwith
SunLifeFinancial–thechoiceistheirs.
Bothproductshavecashvaluesthatbuildupovertimeonatax-preferredbasis.Clientswillbeabletoaccessthiscash
whenevertheyneedit.Theycanalsoborrowagainstthecashvalueoruseittohelppaytheirpremiums.Andifthey
everdecidetocanceltheirpolicy,we’llpaythetotalcashvalueofthepolicyatthattime.
Customize clients’ solutions
Youcanhelpaclientcustom-designtheirSun Par ProtectororSun Par Accumulatorparticipatingpolicy.Clientscan
choosefromawiderangeoffeaturesandoptions.Bothproductscanbetailoredtomeetclients’uniqueneedswith
innovativeandcost-effectivewaystomaximizeprotectionfortheirfamily,buildtax-preferredcashvaluesandincrease
thedeathbenefittokeeppacewithinflation.Dependingonthedividendoptionchosen,aclient’spolicycangrowas
theirneedschange.WithSunLifeFinancial,clientshavetheconfidenceofknowingtheirprotectionmeetstheirneeds
todayandinthefuture.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 3
INTRODUCTION
Sun Par Protectorprovideshigherlong-term
valuesinbothtotalcashvalueandtotaldeath
benefitthanSun Par Accumulator.With
Sun Par Protector,clientscanchoosefromthree
premiumpaymentoptionsandfivedividend
options.Sun Par Protectorissuitedforaffluent
clientsinterestedinensuringtheirestatetransfers
intacttotheirbeneficiaries,orclientswhoare
lookingfortheflexibilitytoaccesstheirpolicy’s
cashvaluestosupplementtheirretirementincome.
Sun Par Accumulatorprovideshighercashvalues
intheearlyyearsthanSun Par Protector.With
Sun Par Accumulator,clientscanchoosefrom
twopremiumpaymentoptionsandfourdividend
options.Sun Par Accumulatorissuitedforaffluent
clientsinterestedinaccessingcashvaluesinthe
earlyyearsoftheirpolicytobridgearetirement
incomegap,whileensuringthereisadeathbenefit
inplacetoprotecttheirestate.
SUN PAR PROTECTOR SUN PAR ACCUMULATOR
4 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Clients can participate in their brighter future with policyholder dividends
WhenaclientpurchasesaparticipatinglifeinsurancepolicyfromSunLifeFinancial,theyhavetheopportunityto
participateinanypolicyholderdividends.Alongwiththeopportunitytobecreditedwithdividends,theirpolicycomes
withguaranteedlifetimeprotectionandcashvalues,forwhichtheypayaguaranteedpremium.Thepremiumandother
basicvaluesaredeterminedusinglong-termconservativeassumptionsfordeathclaims,investmentreturns,expenses
(includingtaxes),lapsesandotherfactors.
Dividendsmaybecreditedtoaclient’spolicywhentheexperienceintheSunLifeParticipatingAccountisbetterthanthe
assumptionswemadeforfactorssuchasinvestmentreturns,mortalityandexpensestosupporttheguaranteedvalues
intheirpolicy.IftheBoardofDirectorsdeterminesthereisasurplus,aportionofthismaybecreditedtothepolicyin
theformofdividends.Theamountavailablefordividendswillincreaseordecreasedependinghowtheactualexperience
differsfromwhatweassumed.Theamountavailableisalsodependentonanumberofotherfactorssuchas:
theneedtokeepearningsassurplusto:
- supportfinancialsecurityandstabilityoftheparticipatingaccount
- financenewparticipatingbusinessgrowth
- smoothfluctuationsinexperience(investmentreturns,mortalityandexpenses(includingtaxes),lapsesandotherfactors)
otherpracticalconsiderationsandlimits
legalrequirementsandindustrypractices
ItisimportanttonotethattheInsuranceCompaniesActofCanadacontainsanumberofprovisionsthatwillbefollowed
inmanagingtheparticipatingaccount.
Advantages of participating life insurance from Sun Life Financial
SunLifeFinancialhasmaintainedarespectedandtrustedpositioninthefinancialservicesindustryforover140years.
Independentpartieshaverecognizedourorganizationaroundtheworldforourstrength,sustainabilityandprudent
financialmanagement.Weissuedourfirstparticipatinglifeinsurancepolicyin1871andcurrentlyhaveover1.6million
participatinglifepolicyholders.Wearealsobackedbyover$16billioninassetsheldintheSunLifeParticipatingAccount.
Thesewell-establishedandwell-managedparaccountsarebasedonSunLifeFinancial’seffectivemanagementstyle.
Thisstyleiscriticaltoouroverallprofitability,competitivemarketpositioningandlong-termfinancialviability.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 5
PRODUCTS AT A GLANCE
Sun Par Protector Sun Par Accumulator
Target markets Maybesuitableforclientslookingfor:• affordablepermanentparticipatingcoverage
thatprovidesguaranteeswithopportunitiesforgrowthandflexibility
• estateprotection• anopportunityforlong-term,tax-preferredcash
valuegrowth• waystoenhancetheircashflowduringtheir
retirementyears
Maybesuitableforclientslookingfor:• earlycashvaluescoupledwiththebenefits
oflong-termgrowth• protectionfortheirbusinesswiththeadded
benefitofhighearlycashvalues,coupledwithpremiumflexibility
Maybeidealforpre-retireeslookingfor:• estateprotectioncombinedwithcashvalue
theycanaccessthroughouttheirlifetime
Guaranteed premium payment options and issue ages
• Lifepay• Paytoage65• 20pay
• 0-80• 0-44• 0-65
• Lifepay• 20pay
• 18-80• 18-65
Coverage options • Singlelife• Jointfirst-to-die1
• Jointlast-to-die,1premiumstothelastdeath• Jointlast-to-die,1premiumstothefirstdeath
Premium bands • $50,000-$99,999• $100,000-$249,999• $250,000-$499,999• $500,000-$999,999• $1,000,000-$10,000,0002
• $250,000-$499,999• $500,000-$999,999• $1,000,000-$10,000,0002
Underwriting classes • Non-smoker• Smoker
Dividend options • Paid-upadditionalinsurance• Annualpremiumreduction• Dividendsondeposit• Cashpayment• Enhancedinsurance -10-yearguarantee -lifetimeguarantee
• Paid-upadditionalinsurance• Annualpremiumreduction• Dividendsondeposit• Cashpayment
1Bothlivesmustbe18yearsofageorolder.2Specialquotesareavailableforcasesover$10,000,000.
FEATURES
6 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Sun Par Protector Sun Par Accumulator
Guaranteed cash values • Typicallybeginattheendofyearfive • Typicallybeginattheendofyearone
Policy loans • Upto100%ofthetotalcashvalue,lessoneyear’sinterest,lessanyexistingindebtednessmaybeborrowed
Non forfeiture options • Automaticpremiumloanavailable,followingthegraceperiod• Reducedpaid-uplifeinsurance
Policy fee • $50peryearor$4.50permonth
Payment methods • Monthlypre-authorizedchequeplan(PAC)• Annualpayments
BENEFITSLiving benefit • Iftheinsuredpersonisdiagnosedwithaterminalillness,anapplicationcanbemadeforalumpsumof50%
ofthedeathbenefit,toamaximumof$100,000(non-contractual).
Survivor and automatic survivor benefit
• Availableonjointfirst-to-diepolicieswithanequivalentsingleagelessthan65• Offersthesurvivinginsured31daystoapplyforanewpermanentlifeinsurancepolicy,withoutproviding
evidenceofinsurability.
OPTIONAL BENEFITSPlus premium • Availablewithallguaranteedpremium
paymentoptions: -Lifepay -Paytoage65 -20pay• Availablewiththefollowingdividendoptions: -paid-upadditionalinsurance -enhancedinsurance
• AvailablewiththeLifepayguaranteedpremiumpaymentoption
• Availablewiththepaid-upadditionalinsurancedividendoption
Additional non-par benefits
• Terminsurance:35-,10-,and20-yearrenewableconvertibleterms
• Childterminsurance• Accidentaldeathbenefit• Totaldisability• Totaldisability–juvenile -Automaticallyincludedwhenthebaseinsuredis
betweentheagesof0to17asafuturebenefit,withpremiumsandcoveragebeginningattheinsured’sage21
• Ownerwaiverondisability• Ownerwaiverondeath• Guaranteedinsurabilitybenefit
• Terminsurance:5-,10-,and20-yearrenewableconvertibleterms
• Childterminsurance• Accidentaldeathbenefit• Totaldisability• Ownerwaiverondisability• Ownerwaiverondeath• Guaranteedinsurabilitybenefit
3Theterminsurancebenefitisnotavailableifthebaseinsuredislessthan18yearsofage.
FEATURES continued
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 7
Sun Par Protector and Sun Par Accumulator
BothSun Par ProtectorandSun Par Accumulatorofferavarietyofcoverageoptionsandguaranteedpremium
paymentperiods.Thisgivesyoutheflexibilityyouneedinapermanentparticipatinginsuranceproducttomeeteach
client’suniqueneeds.
Life insurance protection
Aspermanentparticipatinglifeinsuranceproducts,Sun Par ProtectorandSun Par Accumulatorofferclientsa
combinationofpermanentparticipatinglifeinsurancewithtax-preferredcashaccumulationopportunities.They
provideclientswithinsuranceprotectionforlifeaslongasalloftheguaranteedpremiumsarepaidwhendue.
Inaddition,bothproductsprovideclientswithaguaranteeddeathbenefitaswellasaguaranteedcashvalue.Thelife
insuranceprotectionprovidedbySun Par ProtectorandSun Par Accumulatorisidealforclientswhoarelookingfor
stability,flexibilityandtheopportunitytoearnpolicyholderdividends.
TIP
Sun Par Protectormaybeidealforclientswhowantlong-termgrowth,coupledwithguaranteesandthe
opportunitytoparticipateintheirbrighterfuturethroughthebenefitsofaparticipatinglifeinsurancepolicy.
Sun Par Accumulatormaybeidealforbusinessownerswhoarelookingforinsuranceprotectionforkey
executives,withtheflexibilitytomeetchangingbusinessneeds.
Sun Par Protectorclientscanchoosetohave
alifeinsuranceplanmadeupofallbasicwhole
lifeinsurancetoprovidelong-termprotection.
Dependingonthedividendoptiontheychoose,
theirlifeinsuranceprotectioncangrowastheir
needsgrow.Or,ifclientsarelookingformore
affordableprotection,theycanchooseamixof
basicandenhancedinsurance,availablewiththe
enhancedinsurancedividendoption.
Sun Par Accumulatorprovidesclientswiththe
opportunitytohavealifeinsuranceplanthat
provideshighearlycashvaluesandinsurance
protectionfortheirmoreimmediateneeds.
Thelifeinsuranceprotectiongrowsquicklyinthe
earlyyearsandslowsoverthelifeofthepolicy,
whilestillprovidingclientswithaconsiderable
estatebenefitinthefuture.
SUN PAR PROTECTOR SUN PAR ACCUMULATOR
8 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Theissueagesarebasedontheinsuredperson’sinsuranceage,ortheirageattheirnearestbirthday.Forexample,ifyour
clientis48yearsand7months,theirinsuranceagewillbe49yearsold.
Life pay Premiumsarepayabletoage100
Pay to age 65 (available with Sun Par Protector only) Premiumsarepayabletoage65,afterwhichpremiumsarenolongerdueandtheclient’sbaseinsuranceamountis
fullypaid-up
20 pay Premiumsarepayablefor20years;afterthat,nopremiumsaredueandtheclient’sbaseinsuranceamountisfully
paid-up
GUARANTEED PREMIUM PAYMENT OPTIONS, ISSUE AGES, AND COVERAGE OPTIONS
4Onjointlifepolicies,bothinsuredpeoplemustbewithintheequivalentsingleage(ESA)rangeforthepremiumpaymentoptionselected.
Theequivalent single age (ESA)istheageweusetodeterminethepremiumsforjointinsurancecoverage.ESAisbasedontheage,smokingstatus,andgenderofbothinsuredpersonsattheeffectivedateofthepolicy.
• Singlelife:0-65• Jointfirst-to-die:418-65• Jointlast-to-die:418-65
• Singlelife:18-65• Jointfirst-to-die:418-65• Jointlast-to-die:418-65
SUN PAR PROTECTOR SUN PAR ACCUMULATOR
- Singlelife:0-44- Jointfirst-to-die:418-44- Jointlast-to-die:418-44
SUN PAR PROTECTOR
Sun Par Protector Sun Par Accumulator
Singlelife:0-80 Singlelife:18-80
Jointfirst-to-die:418-80 Jointfirst-to-die:418-80
Jointlast-to-die:418-80 Jointlast-to-die:418-80
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 9
Coverage optionsSun Par ProtectorandSun Par Accumulatoroffersingleandjointcoverageoptions.
Single life Coverageisbasedononeinsuredperson
Thedeathbenefitispayableonthedeathofthatinsuredperson
Joint first-to-die
Coverageisbasedontwoinsuredpersons
TheissueagesarebasedontheESA,howevereachoftheinsuredpersonsunderthiscoverage
optionmustmeettheminimumandmaximumagesapplicabletotheguaranteedpremium
paymentoptionselected
Thedeathbenefitispayableonthedeathofthefirstinsured
Joint last-to-die (premiums to the last death) Coverageisbasedontwoinsuredpersons
IssueagesarebasedontheESA,howevereachoftheinsuredpersonsunderthiscoverageoption
mustmeettheminimumandmaximumagesapplicabletotheguaranteedpremiumpayment
optionselected
Premiumsarepayabletotheearlieroftheguaranteedpremiumpaymentoptiondurationorthe
lastinsuredperson’sdeath
Thedeathbenefitispayableonthelastdeathofthelastinsureds
Joint last-to-die (premiums to the first death) Coverageisbasedontwoinsuredpersons
IssueagesarebasedontheESAandbothinsuredpersonsmustbebetweentheagesof18-80for
Lifepayand18-65for20pay
Premiumsarepayabletothefirstdeathoftheinsuredpersonandthedeathbenefitispayableon
thelastdeathoftheinsuredperson
TIP
Jointfirst-to-dieissuitableforclientswhoneedtocoverfinancialobligationsonthe
firstdeath.Also,smallbusinessclientscanbenefitfromthissolutionforfundinga
buy-sellagreementorevenkeypersoninsuranceinapartnership.
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Thismaybeidealforclientswhoneedtocoverfinancialobligationsthatoccuronthesecond
death,makingthisadesirablesolutionforestatepreservation.
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Forseniorclients,premiumspayabletothefirstdeathensurestheinsurancewillremainintact,
whilereducingthefinancialburdenonthesurvivingspouse.
Thesurvivorandautomatic
survivorbenefitsare
automaticallyincludedinall
jointfirst-to-diepolicieswhere
theESAislessthanage65.
Afteroneoftheinsuredpersons
dies,thedeathbenefitand
anyenhancedinsuranceamount
ispaidtothebeneficiary.
Thesurvivinginsuredperson
has31daystoapplyforanew
permanentlifeinsurancepolicy
withoutevidenceofinsurability.
Ifthefirstinsuredpersondies
beforethepolicyanniversary
nearestthe65thbirthdayofthe
oldestinsured,SunLifeFinancial
maypayanadditionalamount.
Ifthesurvivinginsuredperson
dieswithin31daysofthefirst
insuredpersonandfailedto
applyforanewpolicy,wemay
paythebeneficiaryanadditional
amountequaltothebasic
insurancedeathbenefitandany
enhancedinsuranceamount.
Did you know?
10 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
PREMIUMS
Clientsmaymakemonthlypaymentsusingthepre-authorizedcheque(PAC)optionorbebilledannually.Foreachpolicy,the
basicratewillvarybytheplantype,rateband,issueage,riskclass(non-smoker/smoker),genderandpremiumpaymentoption.
ThepremiumsforthebasicSun Par ProtectororSun Par Accumulatorcoveragesareguaranteedforthedurationof
thepremiumpaymentperiodselected.Ifaclientpaysmorethanisrequiredforthepolicy,weholdtheexcessinthe
withdrawablepremiumfund.
AnycashheldwithinthewithdrawablepremiumfundearnsinterestdailyataratesetbySunLifeFinancialbasedon
short-terminterestrates.Inaddition,theinterestearnedinthewithdrawablepremiumfundissubjecttotaxation.Clients
canwithdrawmoneyfromthewithdrawablepremiumfundatanytime,subjecttoourcurrentadministrativerules.
Ifapremiumisnotpaidwhenitisdue,wewillfirstwithdrawtheunpaidamountfromthewithdrawablepremiumfund.
Ifthereisnotenoughmoneyinthewithdrawablepremiumfundtocovertheunpaidpremium,thepremiumwillbepaid
usinganautomaticpremiumloan.
Theautomaticpremiumloanisonlyavailabletopayunpaidpremiumsandwewillinitiatethis.Thisloanisborrowed
againstthecashvalueofthepolicytopaythepremiumsowingandinterestischargeddaily,andcompoundedannually.
Policy lapse
Thepolicywilllapseifthepremiumisnotpaidwhendueandtheindebtedness,dueeithertoloansundertheautomatic
premiumloanprovisionorinitiatedbytheclient,isgreaterthanthenetcashvalue.Clientswillneedtomakeapaymentto
preventthepolicyfromlapsing.
Premium Bands
THINGS TO REMEMBER
Ifaclienthasscheduledpluspremiumbenefitpayments,thesepaymentswillalsobecoveredbytheautomatic
premiumloan(APL)toensurethepluspremiumbenefitpaymentsarepaid.Ifaclientdoesnotwanttheplus
premiumbenefitpaymentstobepaidbyautomaticpremiumloan,theymustnotifySunLifeFinancialinwritingto
stopthepaymentbeingmadebyAPL.
Band Sun Par Protector Sun Par Accumulator
1 $50,000-$99,999 N/A
2 $100,000-$249,999 N/A
3 $250,000-$499,999 $250,000-$499,999
4 $500,000-$999,999 $500,000-$999,999
5 $1,000,000-$10,000,0005 $1,000,000-$10,000,0005
5Specialquotesareavailableforinsuranceamountsover$10,000,000.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 11
DIVIDEND OPTIONS
OneoftheattractivefeaturesavailablewithSun Par ProtectorandSun Par Accumulatoris
theopportunitytoearnpolicyholderdividends.Thisisauniquefeature,availableonlythrough
participatinglifeinsurancepolicies.WithSun Par ProtectorandSun Par Accumulator,
policyholdershavetheopportunitytoearndividendsonthebaseinsuranceportionoftheirplan.
Sun Par Protectoroffersfiveattractivedividendoptionsforclientstochoosefrombasedon
theiruniquegoalsforprotectionnowandinthefuture.Sun Par Accumulatoroffersclientsaccess
toallofthedividendoptionsexceptforenhancedinsurance.Policyholderdividendsarepaid
annually,onthepolicyanniversarydate,andarenotguaranteed.
Paid-up additional insurance
Anydividendscreditedtothepolicyareusedtopurchasepaid-upadditionalinsurance.This
paid-upadditionalinsuranceisaddedtothebaseinsuranceamount,creatinganotherlayerof
permanentprotection.Thislayer,aswellasthebaseinsuranceamountisthebasisforearning
dividends,resultinginacompoundingeffectofdividendearningpotential.Thepaid-upadditional
insurancehasacashvaluewhichaccumulatesovertimeonatax-preferredbasis.
Ifclientsselectoneoftheotherfourdividendoptionswhentheyapplyforinsurance,andwish
tochangetopaid-upadditionalinsuranceinthefuture,theywillneedtoprovideevidenceof
insurabilitywhentherequestismade.
Enhanced insurance (available with Sun Par Protector only)
Thisdividendoptionenablesclientstoestablishapermanentlifeinsurancepolicyinacost-effective
manner.Withthisoption,oneachpolicyanniversaryanypolicyholderdividendcreditedisused
topurchaseacombination(thatwedetermine)ofyearlyterminsuranceandpaid-upadditional
insurance.Thiscombinedamountofinsuranceisequaltotheenhancedinsuranceamountsetout
intheclient’spolicy.Anypaid-upadditionalinsurancepurchasedisaddedtotheexistingpaid-up
additionalinsurance.
Base insurance amount
* The total death benefit is not guaranteed.
Total death benefit*
Time
Paid-up additional insurance
Paid-up additionalinsurance
Thisdividendoptionis
appropriateforclientswho
wantaguaranteedpermanent
insuranceplanwithanincreasing
deathbenefit.Thepaid-up
additionalinsurance,purchased
bypolicyholderdividends,
providesanincreaseinthedeath
benefitwithouttheneedto
provideadditionalevidence
ofinsurabilityoradditional
out-of-pocketcosts.
12 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Dividend crossover point
Ateachpolicyanniversary,wereplaceaportionoftheyearlyterminsurancewithpermanentpaid-upadditional
insurance.Thedividendcrossoverpointoccursifandwhenalloftheyearlyterminsurancehasbeenreplacedby
paid-upadditionalinsurance.Oncethepolicyhasreachedthispoint,thedividendoptionautomaticallyswitches
topaid-upadditionalinsurance.Anyfuturepolicyholderdividendscreditedtothepolicyareusedtopurchase
paid-upadditionalinsurance.Thisresultsinhighertotalcashvaluesandtotaldeathbenefit.
Enhanced insurance guarantees
Clientscanchoosebetweentwotypesofguaranteeswiththisdividendoption:lifetimeor10-yearguarantee.
Lifetime guarantee
Withthelifetimeguarantee,theenhancedinsuranceamountisguaranteedforthelifeofthepolicyregardless
ofthepolicyholderdividendperformance.Inthefuture,ifthepolicyholderdividendscreditedtothepolicy
areinsufficienttopayfortheyearlyterminsurancerequired,wewillsurrenderanypreviouslypurchasedpaid-
upadditionalinsuranceforitscashvaluetomakeuptheamountowing.Thisensuresthatthetotaldeathbenefit
remainsintact.Evenifthecombinationofthedividendcreditedandcashvaluefromsurrenderedpaid-up
additionalinsuranceisinsufficienttopayforthecostoftheyearlyterminsurance,thelifetimeguaranteewill
ensurethetotaldeathbenefitremainsintact.
Thelifetimeguaranteeprovidesclientswiththeopportunityforagreaterinitialtotaldeathbenefit,rather
thanpurchasingallbasicinsurance.Thiscanprovidepeaceofmindbecausetheirtotaldeathbenefitis
guaranteedforlife.
10-year guarantee
Withthe10-yearguarantee,theenhancedinsuranceamountisguaranteedforthefirst10yearsofthepolicy
regardlessofpossiblechangestothedividendscale.Ifthepolicyholderdividendscreditedtothepolicyare
insufficienttopayfortheyearlyterminsurancerequired,wewillsurrenderanypreviouslypurchasedpaid-up
additionalinsuranceforitscashvaluetomakeuptheamountowing.Atanytimeduringthefirst10years,if
thecombinationofsurrenderedpaid-upadditionalinsuranceandpolicyholderdividendscan’tcoverthecost
oftheyearlyterminsurance,weguaranteethetotaldeathbenefitwillremainintactduringthattime.
Thecombinationoftheyearlyterminsuranceandanypaid-upadditionalinsurancepurchasedbypolicyholderdividendsiscalled enhanced insurance.
Yearly term
Dividend crossover point
Base insurance amount
Time
Paid-up additionalinsurance
* The total death benefit is not guaranteed.
Total death benefit*
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 13
Startingonthe11thpolicyanniversary,ifthecombinationofpolicyholderdividendsandsurrendered
paid-upadditionalinsuranceisnotsufficienttocoverthecostofyearlyterminsurance,wewill
reducetheremainingyearlyterminsurancetotheamountthatmaybepurchasedatthattime.
Tomaintaintheoriginalcoverage,thepolicyownermaymakeadditionalpaymentsintheform
ofpluspremiumbenefitpaymentswhichwedetermineareenoughtopreventareductiontothe
enhancedinsuranceamountfromoccurring.Underthesecircumstances,theseadditionalpayments
willnotbesubjecttoadditionalevidenceofinsurability.However,thepolicyownerwillbelimited
topayingwhatisneededtomaintaintheyearlyterminsurance.
Conversion of the yearly term insurance
Withtheenhancedinsurancedividendoption,clientshavetheopportunitytoconverttheyearly
terminsurancetoapermanentpolicywithoutprovidingnewevidenceofinsurability.Clientscan
choosetoconverttheyearlyterminsuranceportionoftheenhancedinsurancedividendoption,
uptothepolicyanniversarynearesttheinsuredperson’s70thbirthday(orforjointlifepolicies’
ESA70).Oncethepolicyownerhasdecidedtoconverttheyearlyterminsurancetoanew
policy,thedividendoptionontheoriginalpolicywillautomaticallychangetopaid-upadditional
insuranceandanysubsequentpolicyholderdividendscreditedtothepolicywillbeusedto
purchasepaid-upadditionalinsurance.
THINGS TO REMEMBER
Theyearlyterminsurancecanonlybeconvertedtoapolicyofferingthesamecoveragetype.
Forexample,ifaSun Par Protectorpolicywasajointfirst-to-diepolicy,thenthepolicythat
theyearlyterminsuranceisconvertedtomustbeajointfirst-to-diepolicyonthesamelives.
Inaddition,conversionsarenotpermittedwhilepremiumsarebeingwaivedunderthetotal
disabilitybenefit.
TIP
Forclientswhowantacost-effectivewaytomaximizethepurchaseofpermanent
participatinglifeinsurance,theenhancedinsurancedividendoptionmaybetheright
choice.Withthisoption,clientscanenjoythebenefitsofaparticipatinglifeinsurance
productwithahigherdeathbenefitatissue.
THINGS TO REMEMBER
Oncetheenhancedinsurance
amountisdecreased,clients
cannotincreaseitinthefuture.
Themaximumenhanced
insuranceamountdependson:
issueage
smokingstatus
coveragetype
enhancedguaranteeperiod
elected(lifetimeor10-year)
substandardratings
14 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Annual premium reduction
Thisdividendoptioncanprovideclientswithacost-effectivewaytopaytheirpremiums.Weuseanypolicyholder
dividendscreditedtothepolicytoreducethepremiumforthenextpolicyyear.Ifinthefuturethepolicyholder
dividendsexceedtheannualpremium,thentheexcessisheldinthewithdrawablepremiumfund.Thisdividend
optionisonlyavailableiftheclientispayingtheirpremiumsonanannualbasis.
Dividends on deposit
Withthisdividendoption,anypolicyholderdividendscreditedtothepolicyareautomaticallydepositedintoan
accountthatissimilartoasavingsaccountwithSunLifeFinancial.Thepolicyholderdividendsinthisaccountearn
interestdailyataratewedetermine.Theinterestiscompoundedannuallyandclientshaveaccesstothesedividends
atanytime.Anyinterestearnedistaxable.
Whenthepolicyownerdies,anyremainingdividendsondepositarepaidtotheinsured’sbeneficiaryaspartofthe
deathbenefit.
Cash payment
Thisoptiongivesclientstheopportunitytoreceivetheirannualdividendsincash.
TIP
Thisdividendoptionmayappealtoclientswhoarelookingforalevelpermanentdeathbenefit,aswellasthe
opportunitytoputawayanypolicyholderdividendsinanaccountthatearnscompetitiveinterestrates.
TIP
Thewithdrawablepremiumfundislikeasavingsaccountandearnsinterestdaily.Clientscanwithdrawmoney
fromthisaccountwhentheyneedit.Thisfundissubjecttoourminimumwithdrawalrules;theinterestrate
seteachdayisbasedoncurrentshort-terminterestrates,andanyinterestearnedonthefundsheldinthe
withdrawablepremiumfundistaxable.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 15
PREMIUM OFFSET
Premiumoffsetisanon-contractualfeaturethatmaybeavailableatsomepointinthefuture.
Ifaclientchoosespaid-upadditionalinsuranceorenhancedinsurancewiththe10-yearguaranteeastheirdividend
option,theymaybeeligibletoselectpremiumoffsetatsomepointinthefuture.Afterpayingtherequiredpremiums
foranumberofyears,theannualdividendswecredittotheclient’spolicyandthesurrenderingofpaid-upadditional
insurancemaybeenoughtopaytherequiredpremiumsinfutureyears.
Premiumoffsetmayoccurwhenthebaseinsuranceamountandanypaid-upadditionalinsurancehavecreatedabase
largeenoughtoearnenoughpolicyholderdividends,whichincombinationwiththesurrenderingofpaid-upadditional
insurance,aresufficienttocoverthecostoffuturepremiums.
Ifaclientchoosespaid-upadditionalinsuranceastheirdividendoption,thepotentialpremiumoffsetpointmay
occurearlierthaniftheyhadselectedenhancedinsurance.Thisisbecausethepolicyholderdividendscreditedunder
thepaid-upadditionalinsurancedividendoptionareusedentirelytopurchaseadditionalinsurance.Withenhanced
insurance,thepolicyholderdividendspurchaseacombinationofpaid-upadditionalinsuranceandyearlyterminsurance.
So,whilechangesinthedividendscalewillhaveanimpactonthepremiumoffsetpoint,regardlessofthedividend
optionchosen,clientsselectingenhancedinsuranceastheirdividendoptionwilllikelyexperienceagreaterimpactthan
thosewhoselectedpaid-upadditionalinsurance.
Whilepremiumoffsetprovidesclientswithfutureflexibilityforpremiumpayments,it’simportanttorememberthat
othervaluessuchastheincreaseindeathbenefitandcashvaluewillnotaccumulatetothesameextentastheywould
iftheclientcontinuedtopaythepremium.Thesevaluesmaydecreaseduetosurrenderingpaid-upadditionalinsurance
topaypremiums.
THINGS TO REMEMBER
Iftheclientiseligibleandhaschosentogoon
premiumoffsetandthedividendscaleisreduced
inthefuture,theymayhavetoresumepaying
premiumstomaintaintheircoverage.Orifthey
don’tresumepayingpremiums,theirpolicydeath
benefitwilldecrease.Paid-up additional
insurance
Currentdividend scale
Premium offsetat year 15
Base insurance amount
Time
Alternatedividend scale
* The total death benefit is not guaranteed.
Total death benefit*
16 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Factors affecting premium offset
Whiletheperformanceofpolicyholderdividendsplaysanimportantpartindeterminingthefuturepremiumoffset
point,thereareanumberofotherfactorsthatshouldbetakenintoconsideration.Thesefactorsincludecash
withdrawals,achangeindividendoptionandtheadditionofoptionalbenefitstothepolicy.
THINGS TO REMEMBER
ItisimportanttorememberthatSun Par ProtectorandSun Par Accumulatorpoliciesareeligibletoearndividends
basedonavariablescalesetbySunLifeFinancialeachyear.Wewillreviewtheinvestmentperformance,expenses,
mortalityexperienceandotherrelevantfactorsforeachclassorgroupofparticipatingpoliciestodeterminethe
annualdividendscale.Evensmallchangestothedividendscalewillincreaseordecreasenon-guaranteedvalues.
Insomecasesthesechangestovalues,includingpremiumoffset,couldbesignificant.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 17
PLUS PREMIUM BENEFIT
Thepluspremiumbenefitisanexcellentwayforclientstotakeadvantageofthetax-preferredcashvaluegrowthavailable
withSun Par ProtectorandSun Par Accumulator.Thepluspremiumbenefitisavailablewithallguaranteedpremium
optionsavailablewithSun Par Protector.WithSun Par Accumulator,thepluspremiumbenefitisonlyavailableifLifepayis
theguaranteedpremiumoption.Thisisbecausethe20payguaranteedpremiumoptionavailablewithSun Par Accumulator
isdesignedtotakefulladvantageofthepolicy’sexemptlimits,leavingnoroomforadditionalpremiums.
Theadditionalpremiumspaidunderthepluspremiumbenefitallowclientstoincreasetheamountofpaid-up
additionalinsurancepurchased.Theresultwillbeamorerapidaccumulationofpaid-upadditionalinsuranceandthe
cashvalueassociatedwithit.
WithSun Par Protector,thepluspremiumbenefitisonlyavailableifclientshaveselectedeitherpaid-upadditional
insuranceorenhancedinsuranceasthedividendoptionforthepolicy.Sinceenhancedinsuranceisnotavailable
withSun Par Accumulator,clientsmustchoosepaid-upadditionalinsuranceastheirdividendoptiontoaddtheplus
premiumbenefit.
Withenhancedinsuranceasthe
dividendoption,thetotaldeathbenefit
willnotincreaseimmediately.Instead,
thepaid-upadditionalinsurance
purchasedbythepluspremiumbenefit
willreplacetheyearlytermportionof
theenhancedinsurancemorerapidly.
Thiswillresultinthepolicyreachingthe
dividendcrossoverpointsooner.Once
thedividendcrossoverpointhasbeen
reached,thetotaldeathbenefitwill
begintoincrease.
Clientsmayselectthepluspremium
benefitatissue,oratsometimeinthe
future.Ifclientswanttoaddtheplus
premiumbenefitinthefuture,
theywillneedtoprovideevidence
ofinsurabilityatthattime.
Thepluspremiumbenefitoffersclientstheopportunitytochoosefromtwo
paymentoptions.Clientscanhaveapluspremiumbenefitthatisbasedon
regularlyscheduledpremiums.Thepaymentofthesepremiumswillfollowthe
sameannualormonthlypaymentmethod,thatappliestothebaseplan.Ifclients
haveaccesstosomeadditionalfunds,butdonotwanttocommittoaregular
additionalpayment,theycanoptfortheone-timesinglepaymentoption.
Plus premium benefit – minimum premium amounts:
$90forascheduledmonthlypremium,
$1,000forascheduledannualpremium,or
$1,000forasinglepremiumpayment.
THINGS TO REMEMBER
Thepurchasedateforpaid-upadditionalinsurance
occursontheanniversaryfollowingthedatethe
paymentwasmade.Interestiscreditedontheplus
premiumbenefitpaymentfromthedateappliedto
thepolicy,tothedatethepaid-upadditionalinsurance
ispurchased.Ifaclientelectstomakemonthly
payments,weconvertthemonthlypaymenttoan
annualamountwhenwedeterminetheamountof
paid-upadditionalinsurancethatmaybepurchased.
Base insurance amount
Time* The total death benefit is not guaranteed.
Paid-up additional insurancepurchased by
plus premium benefit
The power of plus premium benefitPaid-up additional insurance dividend option
Paid-up additionalinsurance purchased
by dividends
Total death benefit*
18 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Changes to plus premium benefit
Clientscanapplytoincreasetheirpluspremiumbenefitpaymentsatanytime,uptomaximumssetbySunLifeFinancial.
Anyrequestforanincreaseinpaymentswillrequireevidenceofinsurabilityontheinsuredperson.Inaddition,clientscan
reducetheirpluspremiumbenefitpaymentaslongasitmeetstheminimumrequired.
Clientscanalsostopmakingtheirscheduledpluspremiumbenefitpaymentsatanytimebysimplynotifyingusinwriting.
Clientsmayrestarttheirpluspremiumbenefitpaymentswithoutevidenceofinsurabilitywithinthefirsttwoyearsof
thedatethepluspremiumbenefitswasstopped.Aftertwoyears,clientsmayapplytorestartthepluspremiumbenefit
paymentsprovidedtheoptionisstillavailable,andiftheirdividendoptioniseitherpaid-upadditionalinsuranceor
enhancedinsurance.Ifclientschoosetoapply,evidenceofinsurabilityontheinsuredpersonisrequired.
Withthepluspremiumbenefit,clientswillbenefitfromtheincreaseinbothcashvalueandpaid-upadditionalinsurance
purchased.Evenifaclientchoosestostopthepluspremiumbenefitpaymentsatsometimeinthefuture,thepaid-up
additionalinsuranceanditsassociatedcashvalueare“vested”untiltheyaresurrenderedortheclientchoosesto
withdrawfundsorgoonpremiumoffset.Thepluspremiumbenefitgivesclientsthesecurityofpurchasingadditional
wholelifeinsurancewithsomeoftheflexibilityassociatedwithuniversallifeinsurance.
THINGS TO REMEMBER
Iftheautomaticpremiumloanprovisionisbeingusedtopaypremiums,pluspremiumbenefitpaymentswill
alsobeloanedundertheautomaticpremiumloanprovision.Iftheclientsdonotwantthepluspremium
benefitpaymentstobepaidundertheautomaticpremiumloanprovision,theymustnotifyusinwriting.
DID YOU KNOW?
IftheSun Par ProtectororSun Par Accumulatorpolicyhasatotaldisabilitywaiverontheinsuredpersonand
premiumsarebeingwaivedunderthatbenefit,SunLifeFinancialwillstoppluspremiumbenefitpaymentswhile
thepremiumsarebeingwaived.Ifpremiumsarenolongerbeingwaived,thepluspremiumbenefitpaymentswill
automaticallyrestart.
IMPORTANT TO NOTE!
Ifthepolicyownerwishestogoonpremiumoffsetatsometimeinthefuture,thenthepluspremiumbenefitisno
longeravailable.Pluspremiumpaymentsstopandtheycannotberestartedwhilethepolicyisonpremiumoffset.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 19
CASH VALUES
Accesstocashvaluewhenaclientneedsitmostisanimportantbenefitprovidedwithboth
Sun Par ProtectorandSun Par Accumulator.Thetotalcashvalueoftheseplansismade
upofguaranteedcashvaluesandcashvaluesthataregeneratedbydividendsandbyplus
premiumbenefitpayments(iftheclienthasselectedtheoptionalpluspremiumbenefit).
Guaranteed cash valuesGuaranteedcashvaluesareguaranteedvalueswhicharesetoutintheclient’spolicy.
WithSun Par Protector,guaranteedcashvaluestypicallybeginattheendofyearfiveand
withSun Par Accumulator,guaranteedcashvaluestypicallybeginattheendofyearone.
Guaranteedcashvaluesarenotaffectedbythedividendoptionselected.
Non-guaranteed cash values Thesecashvaluesarisewhendividendsareusedtopurchasepaid-upadditionalinsurance
orareleftondepositwithSunLifeFinancial.Thesecashvaluesareavailableonlyifthe
dividendoptionispaid-upadditionalinsurance,enhancedinsuranceordividendsondeposit.
Accessing the cash values
Policy loansOnewayclientscanaccessthecashvalueofthepolicyisthroughapolicyloan.Aclient
maytakeapolicyloanatanytimewhiletheirpolicyisinforce.Themaximumloanvalue
availableis:
100%oftheguaranteedcashvalue,
plusthecashvalueofanypaid-upadditionalinsurance,
plusanydividendsondeposit,
minusinterestforoneyearatourcurrentloanrates,
minusanyexistingindebtedness.
Thecurrentminimumamountaclientcanborrowis$1000.6
SunLifeFinancialwillsettheinterestrateandletthepolicyownerknowtheinterest
rateatthetimetheytakethepolicyloan.Interestontheseloansischargeddaily.
Theaccumulatedinterestisaddedtotheloanbalanceattheendofeachpolicyyear
thattheloanisoutstanding.Ateachpolicyanniversary,theinterestratechargedonthe
policyloanisresettothecurrentloaninterestratewewouldchargeonnewloanson
thepolicyatthattime.
Thepolicyownercanrepaythepolicyloanatanytimewithoutpenalty.
Thebalanceofanypolicyloanissubtractedfromthedeathbenefitpayable.
6ThisamountiscurrentasofApril,2014,andissubjecttochange.
DID YOU KNOW?
Whileautomaticpremiumloansarenot
subjecttotaxationsincetheyareusedsolely
topaypremiums,policyloansrequestedby
theclientmaybesubjecttotaxationtothe
extentthattheloanexceedstheadjusted
costbasis.
TIP
Policyloansallowclientstotakeadvantage
ofthecashaccumulatedintheirpolicy.
Thehighertotalcashvalueinthepolicy,
themorefundsclientscanborrow.Using
thepluspremiumbenefitwillaccelerate
thegrowthofthecashvalueandthe
compoundingeffectofdividends.Ifclients
wanttoaccesscashthroughpolicyloans
tofundafuturegoal,youcansuggestthe
pluspremiumbenefitasawaytomakethis
goalareality.
20 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
WithdrawalsAnotherwayaclientcanaccessthecashvaluefromtheirSun Par ProtectororSun Par Accumulator
policyisthroughwithdrawals.Ifaclienthasselectedeitherpaid-upadditionalinsuranceordividends
ondepositasthedividendoptionfortheirpolicy,theycanaccessthecashvaluearisingfrom
policyholderdividendsthroughwithdrawals.
Ifthedividendoptionispaid-upadditionalinsurance,thecashwithdrawalsaremadebysurrendering
paid-upadditionalinsurancetoaccessthepolicy’scashvalue.Thetotaldeathbenefitwillbereduced
bytheamountofpaid-upadditionalinsurancesurrenderedforthewithdrawal.
Withdividendsondeposit,withdrawalsaremadefromanaccountsimilartoasavingsaccount,which
isheldoutsideoftheSun Par ProtectororSun Par Accumulatorpolicy.
Clientshaveaccesstotheaccumulateddividendsandaccruedinterestatanytimewiththis
dividendoption.
Thecurrentminimumwithdrawalis$1000.7
Theonlywaytoaccessmoneyfromtheguaranteedcashvaluesisbyreducingthebaseinsurance
amount.Inordertoreducethebaseinsuranceamount,thepolicyownerwillneedtorequestthis
changeinwritingtoSunLifeFinancial.Oncethebaseinsuranceamounthasbeenreduced,allother
valueswillbechangedtoreflectthenewbaseinsuranceamount.
7ThisamountiscurrentasofApril,2014,andissubjecttochange.
IMPORTANT TO NOTE
Whensurrenderingpaid-upadditionalinsuranceforitscashvalue,thedeathbenefitwillbe
reducedbymorethantheamountwithdrawnbecausewithpaid-upadditionalinsurance,one
dollarofcashvalueresultsinmorethanonedollarofdeathbenefit.
THINGS TO REMEMBER
Withdrawalsarenotpermitted
ifthedividendoptionsare
enhancedinsurance,annual
premiumreductionorcash
payments.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 21
TAXATION
BothSun Par ProtectorandSun Par Accumulatorareconsideredexemptlifeinsurancepolicies
undertheIncomeTaxAct(Canada).Withthesetypesofpolicies,cashvalueswithinapolicycan
accumulateonatax-preferredbasis,withinlimitsprescribedundertheIncomeTaxAct(Canada).
Maintaining the exempt status of the policySun Par ProtectorandSun Par Accumulatoraredesignedtobeexemptlifeinsurancepolicies
undertheIncomeTaxAct(Canada).However,ifdividendscalesincreaseinthefutureortheclient
reducesthebaseinsuranceamount,thesechangesmayrequireSunLifeFinancialtotakethemeasures
describedbelowtoensurethepolicymaintainsitsexemptstatus.
Ateachpolicyanniversary,thepolicy’snetcashvalueiscomparedtothetax-exemptlimit.Ifthenet
cashvalueexceedsthetax-exemptlimit,thecashvalueisreducedtothetax-exemptlimit.Toreduce
thenetcashvaluetotheamountthatwillmaintaintheexemptstatusofthepolicy,wewillapplyany
excesscashvalueto:
reduceanyoutstandingpolicyloans,
thenanyremainingamountwillbeappliedtothewithdrawablepremiumfund.
Ifaclienthaselectedthepluspremiumbenefitwiththeirpolicy,theexcessamountswillfirstbe
takenfromallorpartofanypluspremiumbenefitpaymentsmadeinthepolicyyear.Inaddition,
SunLifeFinancialwillalsoreducetheamountofpaid-upadditionalinsurancesothatthenetcash
valueisbelowthetax-exemptlimitifthetransferoftheexcessamountswasnotsufficientto
maintainthepolicy’sexemptstatus.
Taxation of dividends
Paid-up additional insuranceWiththisdividendoption,anypolicyholderdividendscreditedtothepolicyareusedtopurchasepaid-
upadditionalinsurance.Thisisconsideredaninternaleventtothepolicy.Inthiscase,theadjustedcost
basis(ACB)ofthepolicyisreducedbytheamountofthedividendcreditedbutisthenimmediately
increasedbythesameamount,asthedividendisre-paidtothepolicyasapremiumtopayforthe
paid-upadditionalinsurance.Underthisdividendoption,nogainisreportedtothepolicyowneruntila
taxabledisposition,suchasawithdrawal,policyloan,orsurrenderoccurs.
Enhanced insurancePolicyholderdividendscreditedtothepolicyareusedtopayfortheyearlyterminsurance.Any
excesspolicyholderdividendsareusedtopurchasepaid-upadditionalinsurancewhichreplaces
someoftheyearlyterminsurance.Thisdividendoptionistreatedthesamewayaspaid-upadditional
insurancefromataxationstandpoint.Thetransactionsareconsideredinternalandunderthis
dividendoptionnogainisreportedtothepolicyowneruntilatransactionthatresultsinataxable
dispositionoccurs.
THINGS TO REMEMBER
Thetaxrulesmaychangeatany
timeandtheadministrationof
thepolicyanditsfeatureswill
changeasrequiredbasedon
thenewrules.
22 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Annual premium reduction
Annually,anypolicyholderdividendisusedtoreduceandthenpotentiallypaythepremiumsforthepolicy.Asthis
dividendoptionusesthepolicyholderdividendtopaypremiums,theACBofthepolicyisfirstreducedbytheamountof
thedividendandthenimmediatelyincreasedbytheamountofthedividendusedtopaypremiums.Usingdividendstopay
premiumsdoesn’tchangethepolicy’sACBunlessthedividendexceedsthepremium.Whenthathappens,theamountofthe
dividendthatexceedsthepremiumistransferredtothewithdrawablepremiumfund.Fortaxpurposestheexcessistreated
asacashdividendandreducesthepolicy’sACB.TheexcessdividendistaxabletotheextentitexceedstheACB.
Dividends on depositAnypolicyholderdividendscreditedareleftondepositwithSunLifeFinancialandearnacompetitiveinterestrate.
Anyinterestearnedonthedividendsleftondepositisreportedtothepolicyownerannuallyandissubjectto
annualtaxreporting.Dividendspaidreducethepolicy’sACB.ThedividendistaxabletotheextentitexceedsACB.
Cash paymentDividendspaidreducethepolicy’sACB.ThedividendistaxabletotheextentitexceedstheACB.
Taxation of cash withdrawals or policy loans
Ifpaid-upadditionalinsuranceorenhancedinsuranceistheclient’sdividendoption,theycanaccessthecashheld
withinthepolicybymakingawithdrawalortakingapolicyloan.Whentheclientmakesawithdrawalortakesapolicy
loan,ataxabledispositionmayoccur.
Forapolicyloan,ataxable dispositionwilloccurwhenthepolicyloanorcashwithdrawalexceedstheACBofthepolicy.
Foracashwithdrawal,a taxable dispositionwilloccurwhenthecashsurrendervalueexceedstheACBofthepolicy.The
taxableamountispro-ratedbasedontheamountwithdrawn.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 23
ADMINISTRATIVE INFORMATION
Non-smoker classification
Toqualifyfornon-smokerrates,theinsuredpersonmustnothaveusedanynicotineortobaccoproductsinthelast
12monthsbeforetheysignedtheirapplication.Nicotineortobaccoproductsinclude;cigarettes,cigarillos,smallorlarge
cigars,pipes,marijuana,hashish,betelnut,chewingtobaccoandnicotinegumorpatches.Occasionallargecigarusemay
qualifyforanon-smokerclassificationsubjecttoanegativecotininetest.
Forissueages0-17juvenileratesareuseduntilagenearest18.Toqualifyforlowernon-smokerrates,thejuvenile
mustsubmitadeclarationwhentheyreachagenearest18.Ifthejuvenileinsuredqualifiesfornon-smokerrates,both
therequiredpremiumandguaranteedcashvalueswilldecreaseonthepolicyanniversarynearesttheir18thbirthday.
InsuredpersonsapplyingforSun Par Protectoratagenearest17arenotrequiredtosubmitaseparatedeclarationtobe
consideredfornon-smokerratesatage18butmustmeetthecriteriamentionedabove.
Living benefit
ThisbenefitisofferedonSunLifeAssuranceCompanyofCanadalifeinsuranceproductsandisanon-contractual
arrangementthatwemayapproveatourdiscretiononacase-by-casebasis.Ifaninsuredpersonisdiagnosedwitha
terminalillness,anapplicationcanbemadebythepolicyownerforalump-sumadvanceof50percentofthedeath
benefit,toamaximumof$100,000.Thelumpsum,plusinterest,isdeductedfromthedeathbenefitwhenitispaid.
Thisbenefitwillfollowtherulesofthelivingbenefitprogramineffectwhenthepolicyownerappliestoreceivethebenefit.
Reinstatement
Oncethepolicyhaslapsed,clientsmayapplytoputthepolicybackintoeffectwithintwoyearsofthepolicyending.
Toputthepolicybackintoeffecttheclientmust:
applywithintwoyearsofthepolicyending,
provideSunLifeFinancialwithnewevidenceofinsurabilitythatSunLifeFinancialconsiderssatisfactory,and
makeapaymentthatisequaltothereinstatementchargeassetbySunLifeFinancial.
Iftheapplicationforreinstatementisnotapproved,wewillrefundtheamountpaidwiththeapplicationtoreinstate
thepolicy.
Non-forfeiture options
Sun Par ProtectorandSun Par Accumulatorhavetwonon-forfeitureoptionswhichcanbeusefultokeepsome
coverageinforcefortheclientsiftheycan’tpaytherequiredpremiums.
Automatic premium loan
Automaticpremiumloanisthedefaultoptionandisdescribedindetailunderthepremiumsectionofthisguide.
Seepage10.
24 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Reduced paid-up life insurance
Clientsmayrequestthattheirinsurancecoveragechangetoreducedpaid-uplifeinsuranceifpremiumsarestillpayable
underthepolicy.Oncethepolicyhasbeenchangedtoreducedpaid-upinsurance,premiumsarenolongerpayable.
Thereducedpaid-uplifeinsurancemaybeeligiblefordividends.Ifthedividendoptionontheoriginalpolicyiseither
enhancedinsuranceorannualpremiumreduction,wewillautomaticallychangeittopaid-upadditionalinsurance.
Oncetheclientelectstohavethepolicybecomereducedpaid-uplifeinsurance,allotheroptionalbenefitsthatwere
attachedtothebaseplanareterminated.
Claims
Youmayassistabeneficiaryinmakingaclaimbycalling1-877-272-2020torequestclaimforms.Completedforms,
includingproofoftheinsuredperson’sdeath,needtobemailedto:
LifeClaimsServices
SunLifeAssuranceCompanyofCanada
227KingSt.S.
P.O.Box1601,StationWaterloo
WaterlooONN2J4C5
Canada
Product disclosure requirements
YouareresponsibleforprovidingclientswithacopyofYour guide to participating life insurance – Sun Par Protector,
Sun Par Accumulatorandaproductillustration.Thesecanbefoundontheadvisorwebsiteyouusewith
SunLifeFinancial.Otherimportantproductdisclosureinformation,includingsamplepolicypages,canbefoundonthe
advisorwebsiteaswell.
DID YOU KNOW?
Aclientcannotchangethepolicytoreducedpaid-uplifeinsuranceifthischangewillmakethepolicybecome
non-exemptfortaxpurposesordoesnotmeetSunLifeFinancial’sminimumsforreducedpaid-upinsurance.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 25
ADDITIONAL NON-PAR BENEFITS
TheoptionalbenefitsavailablewithSun Par ProtectorandSun Par Accumulatorallowyoutofurthercustomizeaclient’s
plantomeettheirindividualprotectionneeds.Whilethebaseinsuranceamountandanyadditionalcoverageprovided
throughthedividendoptionsareparticipating,thefollowingoptionalbenefitsareconsideredtobenon-par.Thepremiums
forthesebenefitsdonotgointotheparaccountandtheyarenottakenintoconsiderationwhendividendsarecreditedto
thepolicy.Thistableoutlinestheoptionalbenefitsavailablebasedonthedifferentcoveragetypesandpaymentoptions.
SUN PAR PROTECTOR SUN PAR ACCUMULATOR
Optional benefits Life pay 20 pay Pay to age 65 Life pay 20 pay
Terminsurance:5-and10-year(baseinsured)
18-70S
18-60S
18-44S
18-70S
18-60S
Terminsurance:20-year(baseinsured)
18-60S
18-60S
18-44S
18-60S
18-60S
Terminsurance:5-and10-year(additionalinsured)
0-70S
N/A N/A 0-70S
N/A
Terminsurance:20-year(additionalinsured)
0-60S
N/A N/A 0-60S
N/A
Childterminsurance
16-558S
16-558S
16-448
S18-55
S18-55
S
Accidentaldeathbenefit
0-65S
0-50S
0-44S
18-65S
18-50S
Totaldisability9 18-55S/JF/JL10
18-55S/JF/JL
18-44S/JF/JL
18-55S/JF/JL
18-55S/JF/JL
Ownerwaiverondisability
18-55S
18-55S
18-55S
18-55S
18-55S
Ownerwaiverondeath
18-60S
18-60S
18-60S
18-60S
18-60S
Guaranteedinsurabilitybenefit
0-50S
0-50S
0-44S
18-50S
18-50S
8Minimumageis18inQuebec.9Themaximumretentionlimitforthetotaldisabilitybenefitis$50,000annualpremiumor$2.5MoffaceamountacrossallSunLifeFinancialpolicies.10Note–baseplancoveragetype:S=singlelife;JF=jointfirst-to-die;JL=jointlast-to-die
Theinformationprovidedinthisguidetodescribetheoptionalnon-parbenefitsavailablewithSun Par Protectorand
Sun Par Accumulatorislimited.Fordetailsoneachofthesebenefits,pleaseseethepolicy.
26 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Term insurance benefit
AvailableatissuewithbothSun Par ProtectorandSun Par Accumulator,5-,10-and20-yearrenewableand
convertibletermbenefitsprovideadditionalprotectiontheinsuredpersonmayneedonatemporarybasis.Each
insuredpersonwithabasicinsurancebenefitcanincludeaterminsurancebenefitonanotherpersonsuchasaspouse,
familymemberorbusinesspartner.Thethirdpartyterminsurancebenefitisavailableatissueonsinglelifecoverage
optionswheretheinsuredis18yearsofageorolder.IftheclienthasselectedtheLifepaypremiumoptionandisage
nearest18orolder,theyhavetheoptionofaddingathirdpartyterminsurancebenefitonajuvenileaged0-17.This
enablesaparentandtheirchildtobeinsuredunderthesameplan.
Theminimumfaceamountforaterminsurancebenefitis$25,000.Iftheterminsurancebenefitisonthebaselife
insured,themaximumamountofterminsurancebenefitthatcanbeaddedis$10,000,000lessthebasicamountand
anyenhancedinsurance,ifapplicable.Themaximumamountofterminsurancebenefitthatcanbeaddedfora
thirdpartyis$10,000,000.
Thisbenefitisguaranteedtoberenewableattheendofeachtermperiodlistedinthechartbelow.Thisbenefitcan
alsobeconverted,priortotheconversiondatelistedbelow,toanyeligiblelifeplanofferedbySunLifeFinancialat
thetimeofconversion.
Child term insurance benefit (CTB)
TheCTBisterminsuranceforthechildrenofthepersoninsuredundereitherSun Par ProtectororSun Par Accumulator.
Thisbenefitallowschildrenandfuturechildrenoftheinsuredparenttobecoveredundertheparent’slifeinsurance
policyuntilthechildis25yearsold.
Theparentwhoisthebaselifeinsuredmustbebetweentheagesof16and55(18to55inQuebec).Thechildterm
insurancebenefitisavailableforchildrenbornorlegallyadoptedbytheinsuredperson,whoare18yearsofageor
youngeratthetimeofapplication,andastandardrisk.Anychildrenbornoradoptedafterthedateofapplicationare
automaticallyinsuredregardlessoftheirriskclass.Step-childrencanbeincludedatthetimeofapplication.Clientscan
includestep-childrenafterthebenefitisineffectbyapplyinginwritingandprovidingevidenceofinsurability.
Minimumamount–$10,000
Maximumamount–$20,000(totalperchildcombined
CTBonallpolicies)
Iftheinsuredpersondies,thechildrenarecoveredunder
thisbenefituntilage25oruntiltheyapplyforanewlife
insurancepolicyaspermittedunderthisbenefit.
Betweentheir18thand25thbirthdays,childreninsured
underthisbenefitwillhavetherighttobuyadditionallife
insuranceforuptofivetimestheamountoftheCTB.
TheCTBwillendontheearliestofeitherthechild’s
25thbirthdayorthepolicyanniversarynearesttheinsured
person’s65thbirthday.
Convertible to Benefit ends
Lifepay • age70 • agenearest80
20pay • theearlierofyear15orage70 • year20
Paytoage65 • age60 • agenearest65
TERM INSURANCE BENEFIT – BASE LIFE INSURED/THIRD PARTY INSURED
DID YOU KNOW?
PremiumsforCTBarepayableuntilthepolicy
anniversarynearesttheinsuredperson’s65thbirthday
forLifepayandPaytoage65plans.For20pay
policies,thepremiumswillstopin20years,however
thebenefitwillcontinuetothepolicyanniversary
nearesttheinsuredperson’s65thbirthday.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 27
Accidental death benefit (ADB)
Theaccidentaldeathbenefitoptionpaysoutanadditionaldeathbenefittothebeneficiaryiftheinsuredperson’sdeath
wasduetoanaccident.
Thisbenefitisavailableonsinglelifecoverageoptionsatthefollowingissueages,andceasesonthepolicyanniversary
nearesttheinsuredperson’s70thbirthday.
PremiumsforADBarepayabletotheearlieroftheADBenddateorthedatethatpremiumsforthebaseplanareno
longerpayable.
TheminimumADBinsuranceamountis$10,000.ThemaximumADBinsuranceamountisthepolicyfaceamountandis
subjecttothefollowingissueandparticipationlimits:
SUN PAR PROTECTOR SUN PAR ACCUMULATOR
Life pay 20 pay Pay to age 65 Life pay 20 pay
0-65 0-50 0-44 18-65 18-50
Issue age Maximum Participation limit11
0-1412 $100,000 $150,000
15-24 $250,000 $400,000
25-65 $500,000 $750,000
11MaximumofallADBinsuranceamountswithSunLifeFinancial.12ADBisnotpayableifdeathoccursbeforeagefive.
FordetailsonexclusionsforADB,pleaseseethepolicy.
28 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Total disability benefit (TDB) – issue ages 18 or older
Thisisanadditionalbenefitthatmaintainscoverageiftheinsuredpersonbecomestotallydisabled
andunabletoearnanincomebetweenthepolicyanniversarynearesttheinsuredperson’s18thand
60thbirthdays.Thepremiumsforthisbenefitarebasedoneach$100ofpremiumtobewaived.This
benefitisavailableonsinglelifeplans,jointfirst-to-die,jointlast-to-diepremiumstothelastdeath,
andjointlast-to-diepremiumstothefirstdeathoneitheroneorbothofthelivesinsured.
WithTDB,thepremiumsforthebaseinsuranceamountandadditionalbenefitsattachedtothepolicy
willbewaivediftheinsuredpersonunderthisbenefitbecomesdisabled.Ifthepolicyhastheplus
premiumbenefit,paymentsdueunderthisbenefitwillbestoppedwhilewearewaivingpremiums.
ExclusionsWewillnotwaivepremiumsifthetotaldisability:
continuesforlessthansixmonths,
istheresultofself-inflictedinjuries,or
istheresultofcommittingacriminaloffence.
Pleaseseethepolicyforotherexclusions.
Making a claimForclientstomakeaclaim,noticemustbegiventous:
duringtotaldisability,and
beforethepolicyanniversarynearesttheinsuredperson’s60thbirthday.
ProofProofmustbegiventous:
withinsixmonthsofnotice,and
then,fromtime-to-time,asrequiredbyus.
Limitations Paymentsunderthisbenefitwillnotbemadeforanyperiodearlierthanoneyearbeforenoticeof
totaldisabilityisreceivedbyus.
Toclaimthetotal disability benefit,theinsuredpersonmustbecompletelyunabletocarryouttheessentialdutiesoftheirownoccupationasaresultofinjuryordiseaseduringthefirsttwoyearsfollowingthedatetheirdisabilitybegins.Afterthefirsttwoyears,theinsuredpersonmustnotbeabletocarryoutanyoccupationandthetotaldisabilitymustbecontinuous.Pleaseseepolicyforcompletedetails.
Themaximumretentionlimitforthetotaldisabilitybenefitis$50,000annualpremiumor$2.5MoffaceamountacrossallSunLifeFinancialpolicies.
DID YOU KNOW?
WhenpremiumsarenolongerbeingwaivedunderTDB,thepluspremiumbenefitpaymentswill
automaticallyrestart.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 29
Total disability benefit (TDB) – issue ages 0 - 17
AvailablewithSun Par Protectoronly,thisTDBprovidesjuveniles,ages0-17,withatotaldisabilitybenefitwherethe
premiumsandbenefitsbeginonthepolicyanniversarynearesttheinsuredperson’s21stbirthday.Thisbenefitisonly
availablewithLifepayandPaytoage65premiumoptions.
Thisbenefitisautomaticallyunderwrittenatissueandwillautomaticallybeincludedinthepolicyunlessdeclined.
Thepolicyownermaychoosetocancelthisbenefitafterissue;howeveritcannotbeaddedagainoncecancelled.
WithTDB,thepremiumsforthebaseinsuranceamountandadditionalbenefitsattachedtothepolicywillbewaived
ifthepersoninsuredunderthisbenefitbecomesdisabled.Ifthepolicyhasthepluspremiumbenefit,premiumsdue
underthisbenefitwillbestoppedwhilewearewaivingpremiums.
Definition of total disability
Theinsuredpersonmustbecompletelyunable,asaresultofinjuryordisease,duringthefirsttwoyearsfollowingthe
dateoftheirdisability,tocarryonwiththeessentialdutiesoftheirownoccupation,andthereaftertocarryonany
occupation.Thetotaldisabilitymustbecontinuous.
Iftheinsuredpersonbecomesdisabledwhiletheyareastudent,SunLifeFinancialwillconsiderthemtobedisabledif
theyarecompletelyunabletoattendorparticipateasastudentinaneducationprogram,orperformanyoccupation
withintheireducation,trainingorexperience.Pleaseseethepolicyforcompletedetails.
ExclusionsWewillnotwaivepremiumsifthetotaldisability:
continuesforlessthansixmonths,
istheresultofself-inflictedinjuries,or
istheresultofcommittingacriminaloffence.
Pleaseseethepolicyforotherexclusions.
Making a claimForclientstomakeaclaim,noticemustbegiventous:
duringtotaldisability,providedthedisabilitybeganafterthepolicyanniversary
nearesttheinsuredperson’s21stbirthday,and
beforethepolicyanniversarynearesttheinsuredperson’s60thbirthday.
ProofProofmustbegiventous:
withinsixmonthsofnotice,and
then,fromtimetotimeasrequiredbyus.
Limitations Paymentsunderthisbenefitwillnotbemadeforanyperiodearlierthanoneyear
beforenoticeoftotaldisabilityisreceivedbyus.
IMPORTANT TO NOTE!
IftheinsuredpersonunderTDBissueages
0-17becomestotallydisabledpriorto
thepolicyanniversarynearesttheir
21stbirthday,wewillnotwaivepremiums
underthisbenefit,evenifthedisability
extendsbeyondthepolicyanniversary
nearesttheinsuredperson’s21stbirthday.
30 YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR
Owner waiver on disability benefit
Thisisanadditionalbenefitthatmaintainscoverageiftheownerofthepolicybecomes
totallydisabledbetweenthepolicyanniversarynearestthepersoninsured’s18thand
60thbirthdays.Thepremiumsforthisbenefitarebasedoneach$100ofpremiumtobe
waived.Thisbenefitisavailableonsinglelifeplansonly.Inaddition,iftheownershipofthe
policyistransferred,thebenefitsunderthisoptionarenottransferrableandthereforethe
newownerwillnotqualifyfortheownerwaiverondisabilitybenefit.
LiketheTDB,premiumsforthebaseinsuranceamountandadditionalbenefitsattachedto
thepolicywillbewaivedifthepersoninsuredunderthisbenefitbecomesdisabled.Ifthe
policyhasthepluspremiumbenefit,premiumsdueunderthisbenefitwillbestoppedwhile
wearewaivingpremiums.
Paymentsmadebyusunderthisbenefitwillendontheearlierofthedatepremiumsareno
longerpayableunderthepolicyorthepolicyanniversarynearestthe80thbirthdayofthe
ownerinsuredunderthisbenefit.
AllotheraspectsofthisbenefitarethesameastheTDBforages18orolder.
Owner waiver on death benefit
Thisisanadditionalbenefitthatmaintainscoverageiftheownerofthepolicydiesbetween
thepolicyanniversarynearesttheownerinsured’s18thand70thbirthdays.Thepremiumsfor
thisbenefitarebasedoneach$100ofpremiumtobewaived.Thisbenefitisavailableon
singlelifeplansonly.Inaddition,iftheownershipofthepolicyistransferred,thebenefits
underthisoptionarenottransferrableandthenewownerwillnotqualifyfortheowner
waiverondeathbenefit.
Withtheownerwaiverondeathbenefit,premiumsforthebaseinsuranceamountand
additionalbenefitsattachedtothepolicywillbewaivedifthepersonwhoisinsuredunder
thisbenefitdies.Ifthepolicyhasthepluspremiumbenefit,premiumsdueunderthisbenefit
willbestoppedwhileSunLifeFinancialiswaivingpremiums.
PaymentsmadebySunLifeFinancialunderthisbenefitwillendontheearlierofthedate
premiumsarenolongerpayableunderthepolicyorthepolicyanniversarynearestthe
80thbirthdayoftheownerinsuredunderthisbenefit.
ExclusionsPremiumswillnotbewaivediftheownerinsuredunderthisbenefittakestheirownlife,
whilesaneorinsane,withintwoyearsorthelaterof:
thepolicyeffectivedate,or
themostrecentdatethepolicywasputbackintoeffect,ifitwasreinstated.
DID YOU KNOW?
Whenpremiumsarenolongerbeing
waivedunderthesebenefits,the
pluspremiumbenefitpaymentswill
automaticallyrestart.
YOUR GUIDE TO SUN PAR PROTECTOR & SUN PAR ACCUMULATOR 31
Guaranteed insurability benefit (GIB)
GIBallowsthepolicyownertopurchaseadditionalinsuranceprotection,onan
attainedagebasis,withoutprovidingevidenceofinsurability.SunLifeFinancial
determinesthetypeoflifeinsurancetheownermayapplyforandthetermsand
conditionsofthepolicy.
WithGIBthepolicyownerhastheoptiontopurchaseadditionalcoverageevery
threeyears,oronsignificantfamilydates(marriage,birthoradoptionofachild).
Thisbenefitisavailableatissueforages0-agenearest50.Theamountpurchased
mustbeatleast$25,000andthemaximumamountofGIBcoverageisthelesserof
theoriginalinsuranceamount(baseinsuranceamountplusenhancedinsuranceif
applicable)and$250,000.
Amaximumofeightelectionsarepermittedgivingamaximumof$2,000,000of
GIBcoverage.ThismaximumisreducedbyanyGIBamountonotherpoliciesissuedby
uscoveringthepersoninsuredundertheGIB.
ThefirstGIBelectionisavailablewhenthepersoninsuredunderthisbenefitreaches
agenearest24.Thisbenefitceasesonthepolicyanniversarynearesttheinsured
person’s55thbirthday.
TAKE A CLOSER LOOK
PremiumsforGIBarepayabletothepolicy
anniversarynearesttheinsuredperson’s
55thbirthdayforLifepayandPaytoage
65plans.For20payplans,thepremiumswill
stopin20years,howeverthebenefitwill
continuetothepolicyanniversarynearest
theinsuredperson’s55thbirthday.
SunLifeAssuranceCompanyofCanadaisamemberoftheSunLifeFinancialgroupofcompanies.©SunLifeAssuranceCompanyofCanada,2015.810-3597-Digital-02-15
Life’s brighter under the sun
Why choose Sun Life Financial?SunLifeFinancialisaleadinginternationalfinancialservicesorganization.InCanada,we
startedsellinglifeinsurancein1871.Sincethen,ourcommitmenttohelpingpeopleachieve
lifetimefinancialsecuritythroughmarket-leadingproducts,expertadviceandinnovative
solutionshasmadeusahouseholdname–anamethatpeopletrust.
Forthesixthstraightyear,wewerevotedbyCanadiansasthe“MostTrustedLifeInsurance
Company”intheReader’sDigest2015TrustedBrandsSurvey.Inthissurvey,peoplewere
askedtoconsiderwhetherthebrandspossessedseveralattributesincludingsuperiorquality,
excellentvalue,anunderstandingofitscustomers’needsandwhethertheywouldrecommend
thebrandtoothers.We’rehonouredbythisawardandyourcontinuedtrustinus.
It’s important to meet with clients regularly to review their coverage and help them with any contractual conversions or renewals to ensure they have the protection that meets their needs.
TMTrustedBrandisaregisteredtrademarkofReader’sDigestAssociationCanadaULC.