Variable Life Insurance Proposal

In the Philippines, insurance products are being offered through Sun Life of Canada (Philippines), Inc., a member of the Sun Life
Financial group of companies. In this proposal, you and your refer to the policy owner while we, us, our and the Company refer to
Sun Life of Canada (Philippines), Inc.
Proposal Information

On the life of : ROBERTO DE LEON Age Last Birthday : 32 (Male)
Currency : Philippine Peso

Basic Plan Benefit Amount Regular Premium
Sun MaxiLink Prime - Smoker Ps 1,000,000.00 Ps 66,130.00
Additional Benefits



Class: Standard Total Annual Regular Premium Ps 66,130.00
Annual Excess Premium (to be Billed Regularly) Ps 0.00
Total Annual Premium (to be Billed Regularly) Ps 66,130.00
Excess Premium (One-time) Ps 0.00

Sun MaxiLink Prime is a variable life insurance product until age 88 payable for 10 years*. The living benefit is equal to the fund
value, which is partially or fully withdrawable from the policy's share in the separate account(s). The death benefit is the higher of
the sum of 200% of the face amount and the fund value or the minimum death benefit. The minimum death benefit is equal to
500% of the regular premium plus 125% of each paid excess premium, if any, less 125% of each partial withdrawal, if any. No other
benefits are payable under this product.
The policy is a variable contract. Only the face amount is guaranteed. The rest of the benefits, namely the fund value and the actual
death benefit payable depend on the investment experience of separate account(s) linked to the policy.

The investment risks associated with this product are borne solely by the policy owner.

If you decide the policy is not suitable for your needs, then you may return said documents for cancellation by
giving us written notice. We must receive such notice within 15 days from the date you receive the policy. We will
refund the fund value of the units allocated to your policy inclusive of the initial charges.
Fund Allocation
100%

Balanced Fund

Notes:
(i) All payments and benefits shown are in Philippine pesos.
(ii) The illustrations assume that all premiums are paid in full when due and as planned with no premium holiday, you will have no withdrawals
on the policy beyond those illustrated, mode of payment is annual and the current scale of charges remains unchanged.
(iii) The Company reserves the right to adjust the basic and rider premium, and any charges in this plan.
(iv) The above values are illustrations only of the key features of the recommended insurance plans. This illustration may differ from any earlier
proposal illustration.
(v) The values in the succeeding pages are illustration of possible performance of your fund. Since the fund performance may vary, the values of
your units are not guaranteed and will depend on the actual investment performance at that given period. The value of the policy could be
less than the premiums paid.
(vi) Any excess premium you have paid is considered such only if the Annual Regular Premium has been fully paid. The Company may require
evidence of insurability of the Life Insured with respect to payment of any excess premium.
(vii) *Premium payment period of 10 years is not guaranteed. You may still be required to pay additional premium after 10 years if the fund
value is insufficient to pay the charges.

This proposal shall form part of the insurance contract once the policy is issued. A copy of this proposal and the policy contract will be delivered to
you.

While we have made every effort to ensure accuracy, errors and omissions may have occurred in the preparation of this proposal.

By signing below, you signify that you have read and understood the disclosures in this proposal illustration. You likewise signify that your advisor
has explained to you the features and the charges on the policy, the manner in which the variable benefits will reflect the investment experience of the
separate account(s), and the guarantees on minimum death benefit. You fully understand that you will assume all investment risks associated with
the policy.

Applicant's Name: Signature: Date:
Prepared By : TOBIAS, VICTORIANO III S. Date : 07 August 2014
Branch : JACARANDA
This is only an illustration.
VL r8.12.00.0000 0590494408100771 Page 1 of 4
ROBERTO DE LEON 32 (Male)
Sun MaxiLink Prime - Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 66,130.00
Investment Fund Description
Balanced Fund
The fund is designed to provide optimum returns through investment in a mix of government and domestic corporate debt and
locally-listed equity securities.

Bond Fund
The fund is designed to stay invested only in high-quality fixed income instruments that are classified as below average risk.

Equity Fund
The fund is designed to produce long term capital appreciation through investment in high quality stocks that are diversified across
sectors.

Money Market Fund (available only for fund switching/transfers)

The fund is designed to ensure capital protection and provide adequate liquidity while maximizing yields on short-term placements.

MyFuture Fund
The fund is a target date fund that will invest primarily in high-quality stocks and a mix of government and domestic corporate debt
in accordance with an asset allocation strategy that will become increasingly conservative as the maturity of the fund approaches.
Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products
Year-to-Date Return

Fund Name
(Fund Launch Date)


31-Dec-
04


31-Dec-
05


31-Dec-
06


31-Dec-
07


31-Dec-
08


31-Dec-
09


31-Dec-
10


31-Dec-
11


31-Dec-
12


31-Dec-
13
Ave. Annual
Compounded
Return (for
completed
years)
3-Year
Return
(2013 vs
2010)
5-Year
Return
(2013 vs
2008)
9-Year
Return
(2013 vs
2004)
Peso Balanced
(Dec. 6, 2004)

0.24%*

8.53%

47.07%

18.79%

-26.72%

27.03%

26.92%

1.95%

23.20%

1.14%

12.32%

27.02%

104.81%

184.58%
Peso Bond
(Sep. 13, 2004)

-0.32%*

11.94%

15.88%

4.98%

0.01%

6.11%

10.69%

6.90%

6.56%

8.25%

7.84%

23.30%

44.83%

97.25%
Peso Equity
(Sep. 13, 2004)

2.12%*

14.32%

48.55%

18.91%

-36.70%

47.10%

36.98%

1.34%

30.97%

1.31%

14.80%

34.47%

170.96%

246.34%
Peso Money Market
(Jun. 25, 2007)

N/A

N/A

N/A

1.25%*

2.19%

1.49%

1.03%

0.50%

0.66%

-0.34%

0.92%

0.81%

3.36%

N/A
MyFuture 2020
(Jun. 7, 2008)

N/A

N/A

N/A

N/A

-8.16%*

34.12%

33.77%

1.84%

31.37%

2.88%

19.82%

37.65%

146.97%

N/A
MyFuture 2025
(Jun. 7, 2008)

N/A

N/A

N/A

N/A

-9.74%*

32.88%

33.56%

2.25%

31.15%

2.97%

19.64%

38.09%

145.08%

N/A
MyFuture 2030
(Jun. 7, 2008)

N/A

N/A

N/A

N/A

-11.12%*

36.04%

34.36%

1.61%

30.93%

2.10%

19.95%

35.84%

148.28%

N/A
MyFuture 2035
(Jun. 7, 2008)

N/A

N/A

N/A

N/A

-11.21%*

36.48%

34.98%

1.71%

30.93%

3.31%

20.44%

37.59%

153.46%

N/A
MyFuture 2040
(Jun. 7, 2008)

N/A

N/A

N/A

N/A

-11.75%*

37.44%

34.21%

1.94%

30.96%

3.14%

20.49%

37.68%

153.96%

N/A

* Returns are from Fund inception date and not full year returns.

The values above are actual investment returns of Investment Funds of variable life insurance products, net of fund management
charges. Past investment performance is not necessarily indicative of the future or likely performance of the funds.
The Unit Price of an Investment Fund on a Valuation Date is determined by dividing the net asset value of the Investment Fund on
the Valuation Date by the aggregate number of outstanding Units of the Investment Fund on the Valuation Date. Currently, Valuation
is done on a daily basis.
The Unit Prices of the Investment Funds are published weekly on major newspapers. You may also visit our website at
www.sunlife.com.ph for the daily Unit Prices.

Certified true and correct:
Michael Gerard D. Enriquez
Chief Investment Officer
This is only an illustration.
VL r8.12.00.0000 0590494408100771 Page 2 of 4
ROBERTO DE LEON 32 (Male)
Sun MaxiLink Prime - Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 66,130.00

Illustration of Benefits Balanced Fund (100%)

The values illustrated below are not guaranteed. The investment returns used are for illustrative purposes and are not based on past
performance with respect to the fund where your policy is linked. The returns are likely to change during the investment period.
Also, the assumed returns do not represent the upper and lower limits of the actual return that may be realized. Values are calculated
assuming the fund is earning 4%*, 8%* and 10%*. It is assumed that the mode of payment is annual. If mode of payment is other
than annual, values shown may change.
PROJECTED BENEFITS
End of
Year
Attained
Age
Premiums
Paid
Fund Value Death Benefit
4% 8% 10% 4% 8% 10%

2015 33 66,130 18,777 19,577 19,977 2,018,777 2,019,577 2,019,977
2016 34 66,130 52,384 55,782 57,508 2,052,384 2,055,782 2,057,508
2017 35 66,130 100,685 108,475 112,501 2,100,685 2,108,475 2,112,501
2018 36 66,130 160,875 175,499 183,184 2,160,875 2,175,499 2,183,184
2019 37 66,130 223,292 247,639 260,653 2,223,292 2,247,639 2,260,653
2020 38 66,130 294,834 332,306 352,682 2,294,834 2,332,306 2,352,682
2021 39 66,130 369,043 423,468 453,583 2,369,043 2,423,468 2,453,583
2022 40 66,130 446,024 521,634 564,225 2,446,024 2,521,634 2,564,225
2023 41 66,130 525,886 627,350 685,560 2,525,886 2,627,350 2,685,560
2024 42 66,130 616,986 750,810 829,003 2,616,986 2,750,810 2,829,003
2025 43 633,392 801,699 902,171 2,633,392 2,801,699 2,902,171
2026 44 649,495 855,605 981,522 2,649,495 2,855,605 2,981,522
2027 45 665,174 912,650 1,067,545 2,665,174 2,912,650 3,067,545
2028 46 680,405 973,073 1,160,886 2,680,405 2,973,073 3,160,886
2029 47 708,291 1,054,827 1,282,801 2,708,291 3,054,827 3,282,801
2030 48 723,020 1,124,135 1,394,934 2,723,020 3,124,135 3,394,934
2031 49 737,182 1,197,696 1,516,854 2,737,182 3,197,696 3,516,854
2032 50 750,751 1,275,837 1,649,510 2,750,751 3,275,837 3,649,510
2033 51 763,719 1,358,933 1,793,970 2,763,719 3,358,933 3,793,970
2034 52 790,940 1,472,149 1,983,168 2,790,940 3,472,149 3,983,168

2037 55 826,187 1,780,547 2,557,146 2,826,187 3,780,547 4,557,146
2042 60 897,256 2,503,694 4,001,413 2,897,256 4,503,694 6,001,413
2047 65 903,256 3,486,642 6,248,951 2,903,256 5,486,642 8,248,951

*The investment returns used are net of the fund management charge of 2.00% (plus VAT) of the fund value.

The projected values are net of: (a) premium charges of 65% of annual regular premium on the first policy year and 5% of annual regular premium
from the second to the fifth year, all excess premiums shall be subject to a premium charge of 5%; (b) monthly periodic charge of 40% of the annual
regular premium on the second year, 20% on the third year and 5% on the fourth and fifth; (c) monthly insurance charge of 200% of the Face
Amount multiplied by the insurance rate determined by the Company, plus additional benefit premiums, if any; and (d) a fund management charge
of 2.00% (plus VAT) of the fund value. The figures shown above are net of all charges. The monthly charges are deducted from the fund. No
premium charge and monthly periodic charge are imposed on any extra premium and additional benefit premium.

A loyalty bonus on the 10th policy anniversary year and every 5 years thereafter is included in the above illustration. The loyalty bonus is currently
equal to 2% of the average monthly fund balance of the preceding 5 years. It is non-guaranteed and it will depend on the actual performance of the
fund.

You should only invest in this product if you intend to pay the regular premium for the whole of your chosen payment term. Should you terminate
the policy early, you may suffer a loss as illustrated above.
The figures shown herein are based on assumptions in the accompanying first page of this proposal.
This is only an illustration.
VL r8.12.00.0000 0590494408100771 Page 3 of 4
ROBERTO DE LEON 32 (Male)
Sun MaxiLink Prime - Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 66,130.00
Acknowledgement of Variability


I acknowledge that:

I have applied with Sun Life of Canada (Philippines), Inc. for a Variable Life Insurance Policy, and have reviewed the illustration(s)
that shows how a variable life insurance policy performs using company's assumptions and based on the Insurance Commission's
guidelines on interest rates.

I understand that since the fund performance may vary, the values of my units are not guaranteed and will depend on the actual
performance of that given period and that the value of my policy could be less than the premiums paid. The unit values of my
Variable Life Insurance are periodically published.

I understand that the investment risks under the policy are to be borne solely by me, as the policy owner.




Applicant's Signature over Printed Name Date
End of Proposal
This is only an illustration.
VL r8.12.00.0000 0590494408100771 Page 4 of 4