Face Amount 350,000.00 Insurance Coverage 700,000.00 Rider (LBR)
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 : Male Age Last Birthday : Currency : Philippine Peso Basic Plan Face Amount Annual Premium SUN Smarter Life Classic Peso Regular Pay - Non-Smoker Ps 350,000.00 Ps 17,644.50 ( equals 200% of Face Amount) Supplementary s Rider* F R E E Annual Premium Ps 17,644.50 * Rider - This is a benefit that provides an advance payment of up to 60% of the basic Face Amount, subject to the prior deduction of any outstanding advances (loans) with interest, if the life insured is diagnosed to be terminally ill with a life expectancy of 12 months or less. The sum of all Amounts payable on all Sun Life policies of the life insured shall not exceed Ps. 2 Million. Interest is charged on advances, including the amount paid, at a specified rate of interest as declared by the Company. The following caveats shall apply to the succeeding pages of this proposal illustration: (i) (ii) (iii) (iv) (v) (vi) The succeeding tables are only summary illustrations of the major benefits of your policy. You should refer to your advisor or the Company for more information or, if appropriate, a more detailed proposal. The illustration assumes that all premiums are paid in full when due and you will have no loans/advances on the policy. The amount of total premium(s) may differ slightly from the total of the premiums payable in the policy due to rounding differences. Under the Summary of s, there are two scenarios illustrated: (1) Based on current dividend scale and current accumulation rate; and (2) Based on interest rate which is 40 basis points lower than the current interest rate used for computing the annual dividends and accumulation rate which is 40 basis points lower than the current accumulation rate. You can leave the amount of projected dividends to purchase additional paid-up insurance. Paid-up Additions themselves are participating. These projected dividends are not guaranteed. You can also cash all or part of the amount of cash value of accumulated paid-up additions without affecting the Face Amount but the values shown in the table will be reduced accordingly. If the assumed dividend scales remain unchanged throughout your policy term, then the future premiums can be paid out of the cash value of accumulated paid-up additions from policy year 34th onwards. This is not guaranteed; a change in the projected dividend scale may require you to pay additional premiums to maintain the policy. The scale of dividends and accumulation rates, however, are likely to change during your policy's lifetime. As the changes will affect the figures, we prepared this proposal for information purposes only, to demonstrate the features of the recommended policy. This does not form part of any policy that may be issued. It is neither an estimate nor a guarantee of the future policy performance. While we have made every effort to ensure accuracy, errors and omissions may have occurred in the preparation of this proposal. For more information on the dividends, please refer to the Dividend Information page. Declaration I confirm having read and understood the disclosures in this proposal illustration. Applicant's Name: Signature: Date: Prepared By : wiljohn tantongco Date : 14 October 2013 Branch : ivy Attachment : Paid-Up Addition Option APs r8.05.00.0000 0895743310051438 (P 29 ; M 24) Page 1 of 6 *0PROP.07.4*
Face Amount : Ps 350,000.00 Annual Premium : Ps 17,644.50 Summary of s End of Year Att Age of Accum. Scenario 1 Current Dividend Scale 1 46 700,000 700,000 3 48 700,000 17,140 26 17,166 39 700,078 5 50 700,000 35,445 315 35,760 443 700,886 10 55 700,000 97,475 4,538 102,013 5,446 710,892 15 60 700,000 169,211 17,096 186,307 17,706 735,412 20 65 700,000 244,727 41,038 285,765 37,127 774,254 24 69 700,000 302,901 68,917 371,818 56,505 813,010 10 55 700,000 97,475 4,538 102,013 5,446 710,892 15 60 700,000 169,211 17,096 186,307 17,706 735,412 20 65 700,000 244,727 41,038 285,765 37,127 774,254 End of Year Att Age of Accum. Scenario 2 Dividend Scale 1 46 700,000 700,000 3 48 700,000 17,140 19 17,159 28 700,056 5 50 700,000 35,445 224 35,669 316 700,632 10 55 700,000 97,475 3,218 100,693 3,862 707,724 15 60 700,000 169,211 12,049 181,260 12,478 724,956 20 65 700,000 244,727 28,722 273,449 25,984 751,968 24 69 700,000 302,901 47,932 350,833 39,299 778,598 10 55 700,000 97,475 3,218 100,693 3,862 707,724 15 60 700,000 169,211 12,049 181,260 12,478 724,956 20 65 700,000 244,727 28,722 273,449 25,984 751,968 is the sum of and of. is the sum of and 200% of. APs r8.05.00.0000 0895743310051438 Page 2 of 6
Face Amount : Ps 350,000.00 Annual Premium : Ps 17,644.50 Premium Offset Illustration (Paid-Up Addition Option) Premium Offset is a method of letting a policy "pay its own premiums". Dur Annual Premium () of Accum. 1 17,645 700,000 2 17,645 700,000 3 17,645 17,140 26 17,166 39 700,078 4 17,645 26,110 93 26,203 135 700,270 5 17,645 35,445 315 35,760 443 700,886 6 17,645 47,327 693 48,020 943 701,886 7 17,645 59,504 1,273 60,777 1,678 703,356 8 17,645 71,939 2,082 74,021 2,658 705,316 9 17,645 84,613 3,160 87,773 3,912 707,824 10 17,645 97,475 4,538 102,013 5,446 710,892 11 17,645 110,520 6,255 116,775 7,283 714,566 12 17,645 124,828 8,355 133,183 9,443 718,886 13 17,645 139,367 10,840 150,207 11,897 723,794 14 17,645 154,168 13,750 167,918 14,656 729,312 15 17,645 169,211 17,096 186,307 17,706 735,412 16 17,645 184,202 20,912 205,114 21,053 742,106 17 17,645 199,287 25,200 224,487 24,676 749,352 18 17,645 214,407 29,983 244,390 28,577 757,154 19 17,645 229,551 35,256 264,807 32,727 765,454 20 17,645 244,727 41,038 285,765 37,127 774,254 34 * 449,334 157,293 606,627 104,346 908,692 ***** Age55 17,645 97,475 4,538 102,013 5,446 710,892 Age60 17,645 169,211 17,096 186,307 17,706 735,412 Age65 17,645 244,727 41,038 285,765 37,127 774,254 * If the assumed dividend scales remain unchanged throughout your policy term, then the future premiums can be paid out of the cash value of accumulated paid-up additions from policy year 34th onwards. This is not guaranteed; a change in the projected dividend scale may require you to pay additional premium to maintain the policy. APs r8.05.00.0000 0895743310051438 Page 3 of 6
Face Amount : Ps 350,000.00 Annual Premium : Ps 17,644.50 Premium Offset Illustration (Paid-Up Addition Option) Premium Offset is a method of letting a policy "pay its own premiums". Dur of Accum. - Annual Premium = Net of Accum. Net + of Year-End Div = Accum. at Year-End 1 2 3 4 39 26 5 135 93 6 443 315 7 943 693 8 1,678 1,273 9 2,658 2,082 10 3,912 3,160 11 5,446 4,538 12 7,283 6,255 13 9,443 8,355 14 11,897 10,840 15 14,656 13,750 16 17,706 17,096 17 21,053 20,912 18 24,676 25,200 19 28,577 29,983 20 32,727 35,256 34 109,747 162,426 17,645 * 144,782 99,182 5,164 104,346 ***** Age55 3,912 3,160 Age60 14,656 13,750 Age65 32,727 35,256 * If the assumed dividend scales remain unchanged throughout your policy term, then the future premiums can be paid out of the cash value of accumulated paid-up additions from policy year 34th onwards. This is not guaranteed; a change in the projected dividend scale may require you to pay additional premium to maintain the policy. APs r8.05.00.0000 0895743310051438 Page 4 of 6
Face Amount : Ps 350,000.00 Annual Premium : Ps 17,644.50 Early Fully Paid-Up Life Option (Paid-Up Addition Option) Based on current interest rate used in computing paid-up life, your policy can be converted to Fully Paid-Up Life in 29 years if the guaranteed cash values and cash values of accumulated paid up additions are maintained intact. Upon conversion to Fully Paid-Up Life, all riders will be discontinued. Although no further premiums are payable after the 29th year, your policy will continue to accumulate guaranteed cash values. Assuming continuation of the current dividend scale, you will be entitled to: a) excess cash value of accumulated paid-up additions totaling Ps 14,691.07, which you may withdraw; b) paid-up additions on each policy anniversary; and still be covered for life. Below are the illustrations of cash values of paid up additions and guaranteed cash values after your policy has become Fully Paid-Up Life. (a) End of Year (b) (c) CV of Accum (d) (b)+(c) (e) (f) 2(FA)+2(e) 29 478,075 478,075 700,000 30 488,178 6,281 494,459 4,503 709,006 31 498,225 12,910 511,135 9,069 718,138 32 508,190 19,893 528,083 13,701 727,402 33 518,003 27,228 545,231 18,397 736,794 34 527,596 34,914 562,510 23,161 746,322 35 536,935 42,944 579,879 27,993 755,986 36 545,983 51,313 597,296 32,894 765,788 37 554,738 60,015 614,753 37,865 775,730 38 563,245 69,049 632,294 42,907 785,814 39 571,502 78,411 649,913 48,020 796,040 40 579,483 88,092 667,575 53,207 806,414 41 587,152 98,083 685,235 58,467 816,934 42 594,497 108,372 702,869 63,802 827,604 43 601,535 118,956 720,491 69,214 838,428 Interest rate used in computing paid-up life may change at the time of conversion. APs r8.05.00.0000 0895743310051438 Page 5 of 6
Face Amount : Ps 350,000.00 Annual Premium : Ps 17,644.50 Dividends Dividend Information Sun Life Philippines will allot as a dividend once a year that part, if any, of Sun Life Philippines' surplus as may be distributed to the policy except when the policy is being continued as paid-up term insurance. Dividends will be applied to buy paid-up additions if no other option is elected. The dividend accumulations may be withdrawn by the owner on written request to pay any advances with interest or any unpaid premium. Dividends are not guaranteed and our Board of Directors also has the discretion to raise or lower the Company's dividend scale. Options You have a choice of several dividend options depending on your chosen participating product. You may change the policy's dividend option anytime upon request. The current dividend options available are: 1. Paid-Up Additions Dividends are used to purchase additional Paid-Up Insurance. Paid-up Additions themselves are participating. 2. Premium Reduction Dividends are applied towards the payment of your current amount due. 3. Dividend Accumulation Dividends left with the company accumulate at the rate we declare. We will not pay any dividend accumulation for the period between the withdrawal date and the previous policy anniversary. 4. Dividends are paid yearly to you in cash. I acknowledge that: Acknowledgement of Variability I have applied with Sun Life of Canada (Philippines), Inc. for a SUN Smarter Life Classic Peso Regular Pay policy, and have reviewed the illustration(s) that shows how a life insurance policy performs using the company's assumptions based on Insurance Commission's guidelines on accumulation rates. I understand that only those values described as guaranteed, if any, are guaranteed. All other policy values can change and may probably be different from those illustrated to me. Actual values may be higher or lower depending on the dividend rates actually earned. I understand that dividend rates change from year to year since these are affected by the company's mortality experience, investment returns, expenses, and taxes, and that Sun Life of Canada (Philippines), Inc. will advise me of the actual amount of the dividend, if any. I understand that the illustration(s) given to me will not become part of any issued policy, as these are provided only to show how policy benefits would change over time under a specific set of assumptions. Applicant's Signature over Printed Name Date APs r8.05.00.0000 0895743310051438 Page 6 of 6