Face Amount 300,000.00 Insurance Coverage 600,000.00 24,000.00 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 Elite Peso Regular Pay - Non-Smoker Ps 300,000.00 Ps 26,065.00 ( equals 200% of Face Amount) Supplementary s Rider* F R E E Annual Premium Ps 26,065.00 * 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 40th 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 0895743210051455 (P 18 ; M 14) Page 1 of 6 *0PROP.07.4*
Face Amount : Ps 300,000.00 Annual Premium : Ps 26,065.00 Summary of s ( ) End of Year Att Age of Accum. Scenario 1 Current Dividend Scale Accumulation Rate at 4.40% 4 49 600,000 50,751 524 51,275 397 600,794 6 51 600,000 65,496 24,074 2,209 91,779 1,648 627,370 8 53 600,000 80,982 50,440 4,876 136,298 3,574 657,588 10 55 600,000 97,050 79,361 8,681 185,092 6,251 691,863 12 57 600,000 116,409 111,128 13,797 241,334 9,756 730,640 14 59 600,000 142,089 146,067 20,353 308,509 14,131 774,329 16 61 600,000 170,562 184,531 28,378 383,471 19,339 823,209 18 63 600,000 199,467 226,905 37,967 464,339 25,399 877,703 20 65 600,000 230,253 273,608 49,154 553,015 32,289 938,186 10 55 600,000 97,050 79,361 8,681 185,092 6,251 691,863 15 60 600,000 167,394 152,494 24,773 344,661 16,595 785,684 20 65 600,000 230,253 273,608 49,154 553,015 32,289 938,186 End of Year Att Age of Accum. Scenario 2 Dividend Scale Accumulation Rate at 4.00% 4 49 600,000 50,751 374 51,125 284 600,568 6 51 600,000 65,496 24,053 1,572 91,121 1,173 626,399 8 53 600,000 80,982 50,159 3,461 134,602 2,537 655,233 10 55 600,000 97,050 78,524 6,145 181,719 4,425 687,374 12 57 600,000 116,409 109,376 9,740 235,525 6,887 723,150 14 59 600,000 142,089 142,967 14,329 299,385 9,949 762,865 15 60 600,000 167,394 148,686 17,417 333,497 11,668 772,022 16 61 600,000 170,562 179,567 19,924 370,053 13,578 806,723 18 63 600,000 199,467 219,466 26,582 445,515 17,783 855,032 20 65 600,000 230,253 262,980 34,317 527,550 22,542 908,064 10 55 600,000 97,050 78,524 6,145 181,719 4,425 687,374 15 60 600,000 167,394 148,686 17,417 333,497 11,668 772,022 20 65 600,000 230,253 262,980 34,317 527,550 22,542 908,064 is the sum of, and of. is the sum of, and 200% of. The will be payable in accordance with the hierarchy of beneficiaries as stated in the contract. APs r8.05.00.0000 0895743210051455 Page 2 of 6
Face Amount : Ps 300,000.00 Annual Premium : Ps 26,065.00 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 26,065 600,000 2 26,065 600,000 3 26,065 34,692 123 34,815 97 600,194 4 26,065 50,751 524 51,275 397 600,794 5 26,065 67,416 1,274 68,690 931 601,862 6 26,065 65,496 2,209 24,074 91,779 1,648 627,370 7 26,065 82,548 3,492 25,134 111,174 2,510 630,154 8 26,065 80,982 4,876 50,440 136,298 3,574 657,588 9 26,065 98,340 6,791 52,660 157,791 4,797 662,254 10 26,065 97,050 8,681 79,361 185,092 6,251 691,863 11 26,065 114,633 11,336 82,853 208,822 7,870 698,593 12 26,065 116,409 13,797 111,128 241,334 9,756 730,640 13 26,065 139,614 17,313 116,017 272,944 11,808 739,633 14 26,065 142,089 20,353 146,067 308,509 14,131 774,329 15 26,065 167,394 24,773 152,494 344,661 16,595 785,684 16 26,065 170,562 28,378 184,531 383,471 19,339 823,209 17 26,065 195,768 33,788 192,650 422,206 22,229 837,108 18 26,065 199,467 37,967 226,905 464,339 25,399 877,703 19 26,065 226,062 44,404 236,889 507,355 28,695 894,279 20 26,065 230,253 49,154 273,608 553,015 32,289 938,186 40 * 450,798 222,356 1,099,809 1,772,963 124,001 1,947,811 ***** Age55 26,065 97,050 8,681 79,361 185,092 6,251 685,612 Age60 26,065 167,394 24,773 152,494 344,661 16,595 769,089 Age65 26,065 230,253 49,154 273,608 553,015 32,289 905,897 * 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 40th 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 0895743210051455 Page 3 of 6
Face Amount : Ps 300,000.00 Annual Premium : Ps 26,065.00 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 97 123 5 397 524 6 931 1,274 7 1,648 2,209 8 2,510 3,492 9 3,574 4,876 10 4,797 6,791 11 6,251 8,681 12 7,870 11,336 13 9,756 13,797 14 11,808 17,313 15 14,131 20,353 16 16,595 24,773 17 19,339 28,378 18 22,229 33,788 19 25,399 37,967 20 28,695 44,404 40 131,595 239,353 26,065 * 213,288 118,918 5,083 124,001 ***** Age55 4,797 6,791 Age60 14,131 20,353 Age65 28,695 44,404 * 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 40th 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 0895743210051455 Page 4 of 6
Face Amount : Ps 300,000.00 Annual Premium : Ps 26,065.00 Early Fully Paid-Up Insurance Option (Paid-Up Addition Option) Based on current interest rate used in computing paid-up insurance, your policy can be converted to Fully Paid-Up Insurance in 18 years if the guaranteed cash values, accumulated endowment benefits and cash values of accumulated paid-up additions are maintained intact. Upon conversion to a Fully Paid-up Insurance, all riders will be discontinued. Although no further premiums are payable after the 18th year, your policy will continue to accumulate guaranteed cash values. Assuming continuation of the current dividend scale, you will be entitled to: a) cash bonus of Ps 15,901.79, inclusive of the cash values of paid-up additions and accumulated endowment benefits, if any, which you may withdraw; b) paid-up additions on each policy anniversary; c) guaranteed endowment benefit of 8.00% of the sum of the Face Amount and the prior year's illustrative accumulated paid-up additions, starting at the end of the 20th year and every two years thereafter, which will continue to accumulate and still be covered for life. Below are the illustrations of the cash value of paid-up additions, endowment benefits and guaranteed cash values after your policy has become Fully Paid-up Insurance. (a) End of Year (b) (c) CV of Accum. (d) (e) (f) (b)+(c)+(e) (g) (h) 2(FA)+2(g) 18 448,437 448,437 600,000 19 464,237 5,932 470,169 3,834 607,668 20 456,702 11,905 24,307 24,307 492,914 7,820 639,947 21 472,510 18,526 25,376 516,412 11,762 648,900 22 465,042 24,585 24,941 51,434 541,061 15,860 683,154 23 480,898 31,922 53,697 566,517 19,914 693,525 24 473,532 38,080 25,593 81,653 593,265 24,125 729,903 25 489,450 46,161 85,245 620,856 28,294 741,833 26 482,179 52,433 26,264 115,260 649,872 32,622 780,504 27 498,084 61,280 120,331 679,695 36,910 794,151 28 490,808 67,664 26,953 152,578 711,050 41,359 835,296 29 506,616 77,290 159,292 743,198 45,768 850,828 ***** Age65 456,702 11,905 24,307 24,307 492,914 7,820 639,947 Interest rate used in computing paid-up insurance may change at time of conversion. APs r8.05.00.0000 0895743210051455 Page 5 of 6
Face Amount : Ps 300,000.00 Annual Premium : Ps 26,065.00 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 Elite 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 0895743210051455 Page 6 of 6