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 : ALJUN B. DIAZ Age Last Birthday : 26 (Male)
Currency : Philippine Peso
Basic Plan Benefit Amount Regular Premium
Sun MaxiLink Prime - Non-Smoker Ps 350,000.00 Ps 17,850.00
Additional Benefits
Total Disability Benefit (Waiver of Premium) - TDB Ps 455.00
Accidental Death Benefit - ADB Ps 350,000.00 Ps 686.00
Hospital Income Benefit - HIB Ps 1,000.00 /day Ps 1,830.00
Class: Standard Total Annual Regular Premium Ps 20,821.00
Annual Excess Premium (to be Billed Regularly) Ps 0.00
Total Annual Premium (to be Billed Regularly) Ps 20,821.00
Total Quarterly Premium to be Billed Ps 5,205.25
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.
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) Allocation to the MyFuture Fund is subject to the availability of that investment fund at time of settlement of the policy and of subsequent
payments.
(viii) *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.
Should there be any discrepancy between the statement(s) contained in this material and the insurance policy contract, the provisions of the
insurance policy contract will prevail.
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 : DIAZ, ALJUN B. Date : 15 August 2017

Branch : BRISTLECONE

This is only an illustration.

VL r8.24.00.0000 1102450108101563 Page 1 of 7
ALJUN B. DIAZ 26 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 20,821.00

Fund Allocation
100% MyFuture 2040 Fund

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.
Growth PLUS Fund
The fund is designed mainly to generate long-term capital appreciation through investment in high-quality equity and equity-linked securities,
diversified across sectors, which distribute periodic dividends and provide sustainable dividend yields.
Index Fund
The Fund is designed mainly to generate long-term capital appreciation through investment in high-quality equities comprised of constituents of the
Philippine Stock Exchange Index (PSEi).
Captains Fund
The Fund is designed mainly to generate long-term capital appreciation primarily through investment in equity and equity-linked securities diversified
across sectors.

This is only an illustration.

VL r8.24.00.0000 1102450108101563 Page 2 of 7
ALJUN B. DIAZ 26 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 20,821.00

Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products
Year-to-Date Return
Ave. Annual 3-Year 5-Year 10-Year
Fund Name Compounded Return Return Return
31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- Return (for
(Fund Launch Date) 07 08 09 10 11 12 13 14 15 16 completed (2016 vs (2016 vs (2016 vs
years) 2013) 2011) 2006)
Peso Balanced
(Dec. 6, 2004) 18.79% -26.72% 27.03% 26.92% 1.95% 23.20% 1.14% 11.81% -3.75% -2.74% 9.52% 4.67% 30.42% 86.62%
Peso Bond
(Sep. 13, 2004) 4.98% 0.01% 6.11% 10.69% 6.90% 6.56% 8.25% 0.16% -0.96% -0.90% 5.67% -1.70% 13.39% 49.48%
Peso Equity
(Sep. 13, 2004) 18.91% -36.70% 47.10% 36.98% 1.34% 30.97% 1.31% 19.73% -5.02% -1.78% 11.93% 11.70% 48.22% 127.81%
Peso Money Market
(Jun. 25, 2007) 1.25%* 2.19% 1.49% 1.03% 0.50% 0.66% -0.34% -0.37% 0.10% -0.06% 0.57% -0.33% -0.02% N/A
MyFuture 2020
(Jun. 7, 2008) N/A -8.16%* 34.12% 33.77% 1.84% 31.37% 2.88% 16.74% -4.10% -2.64% 13.18% 9.00% 47.32% N/A
MyFuture 2025
(Jun. 7, 2008) N/A -9.74%* 32.88% 33.56% 2.25% 31.15% 2.97% 18.15% -5.51% -2.42% 13.06% 8.93% 47.11% N/A
MyFuture 2030
(Jun. 7, 2008) N/A -11.12%* 36.04% 34.36% 1.61% 30.93% 2.10% 20.58% -5.05% -2.68% 13.56% 11.42% 48.94% N/A
MyFuture 2035
(Jun. 7, 2008) N/A -11.21%* 36.48% 34.98% 1.71% 30.93% 3.31% 20.55% -4.86% -2.08% 13.97% 12.30% 51.91% N/A
MyFuture 2040
(Jun. 7, 2008) N/A -11.75%* 37.44% 34.21% 1.94% 30.96% 3.14% 20.36% -4.79% -2.04% 13.99% 12.27% 51.64% N/A
Growth PLUS
(Apr. 8, 2015) N/A N/A N/A N/A N/A N/A N/A N/A -12.09%* -2.81% -2.81% N/A N/A N/A
Index
(Jan. 25, 2016) N/A N/A N/A N/A N/A N/A N/A N/A N/A 1.71%* N/A N/A N/A N/A
Captains
(Apr. 18, 2016) N/A N/A N/A N/A N/A N/A N/A N/A N/A -6.56%* N/A N/A N/A 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 r8.24.00.0000 1102450108101563 Page 3 of 7
ALJUN B. DIAZ 26 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 20,821.00

Hospital Income Benefit

Once life insured is confined in the Hospital, as a result of Injury or Sickness, on the recommendation of a Physician as an in-patient,
you will receive Ps 1,000.00* as Daily Hospital Income. Such Hospital Confinement must occur before the earlier of the policy
anniversary on or following the life insured's 60th birthday and the maturity date of the policy.
Hospital Confinement due to Sickness must be for a minimum of three (3) days before we pay the Daily Hospital Income benefit
from the first day of hospitalization. If due to Injury, the waiting period will not apply, in which case, we will pay the benefit
beginning on the first day of Hospital Confinement.
We will pay twice the amount of Hospital Income Benefit if: (a) the life insured is confined in the Intensive Care Unit of the Hospital
due to Injury or Sickness; or (b) the Sickness which results in Hospital Confinement of the life insured is classified as a Dread Disease.
The covered Dread Diseases include only the following:

1. Acute Heart Attack 5. End Stage Renal Disease 9. Poliomyelitis

2. Chronic Liver Disease 6. Invasive Cancer 10. Progressive Muscular Atrophy (PMA)
3. Dissecting Aortic Aneurysm 7. Major Organ Transplant 11. Stroke
4. End Stage Lung Disease 8. Multiple Sclerosis

In case Hospital Confinement simultaneously qualifies the life insured for both Intensive Care and the Dread Disease, we will pay for
only one with the greater benefit amount.
We will pay the benefit during the continuance of the Hospital Confinement up to a maximum of 1,000 days.
If the benefits have become payable and the life insured is again confined to a Hospital due to the same or related Injury or Sickness,
the subsequent period of Hospital Confinement will be considered a continuation of the prior period. Benefits will commence on the
first day of such Hospital Confinement for an Injury or Sickness and the total combined Hospital Confinement will be subject to the
1,000 days maximum period.
During the first 12 months from the effective date of this benefit or date of last reinstatement, we will provide no benefits for
Hospital Confinement resulting from Injury or Sickness for which the life insured received medical advice or treatment or medication
within 12 months prior to the effective date of this benefit or last reinstatement.
If the life insured has several policies with Hospital Income Benefit with us, the aggregate maximum of daily hospital income is Ps
10,000.
We will not pay any benefit for Hospital Confinement of the life insured caused by or resulting from any of the following: (a)
attempted suicide or self-inflicted injury while sane or insane; (b) war declared or undeclared, insurrection, riots, civil commotion or
any hostile action of armed forces; (c) abuse of drug or alcohol; (d) committing or attempting to commit a criminal offense; (e)
nervous or mental disorder; (f) pregnancy, childbirth, miscarriage or abortion or complication of any of these; (g) congenital
deformities and defects; (h) routine physical check-up and rest cures; (i) cosmetic or plastic surgery, except as a result of Injury and
recommended by a Physician; and (j) any Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including Acquired
Immune Deficiency Syndrome (AIDS) and/or mutations, derivation or variations thereof.
Note : This benefit automatically renews every year with premiums at issue age rates. We may change the premium rate of this
benefit from time to time but not more than once a year, subject to the approval of the Insurance Commission. We will
advise you by written notice as to new premium rate prior to the renewal year.

The above information is intended as a general summary and for reference only. Please refer to the contract for the detailed
description of the terms, conditions, limitations and exclusions of the above rider.
*The HIB Face Amount will be subject to Financial Underwriting.

This is only an illustration.

VL r8.24.00.0000 1102450108101563 Page 4 of 7
ALJUN B. DIAZ 26 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 20,821.00

Illustration of Rider Premiums

Rider Premiums

End of Attained Premiums Total Rider

Year Age Paid Premiums TDB* ADB^ HIB^^

1 27 20,821 2,971 455 686 1,830

2 28 20,821 2,971 455 686 1,830
3 29 20,821 2,971 455 686 1,830
4 30 20,821 2,971 455 686 1,830
5 31 20,821 2,971 455 686 1,830
6 32 20,821 2,971 455 686 1,830
7 33 20,821 2,971 455 686 1,830
8 34 20,821 2,971 455 686 1,830
9 35 20,821 2,971 455 686 1,830
10 36 20,821 2,971 455 686 1,830
11 37 1,830 1,830 1,830
12 38 1,830 1,830 1,830
13 39 1,830 1,830 1,830
14 40 1,830 1,830 1,830
15 41 1,830 1,830 1,830
16 42 1,830 1,830 1,830
17 43 1,830 1,830 1,830
18 44 1,830 1,830 1,830
19 45 1,830 1,830 1,830
20 46 1,830 1,830 1,830

*TDB premium payment terminates at the earlier of attained age 60 and premium paying period.
^ADB premium payment terminates at the earlier of attained age 70 and premium paying period.
^^HIB premium payment terminates at attained age 60.

This is only an illustration.

VL r8.24.00.0000 1102450108101563 Page 5 of 7
ALJUN B. DIAZ 26 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 20,821.00

Illustration of Benefits MyFuture 2040 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 Attained Premiums Fund Value Death Benefit
of Age Paid Charges** 4% 8% 10% 4% 8% 10%
Year
1 27 20,821 15,712 5,382 5,657 5,795 705,382 705,657 705,795
2 28 20,821 12,182 14,770 15,824 16,360 714,770 715,824 716,360
3 29 20,821 8,651 28,129 30,463 31,672 728,129 730,463 731,672
4 30 20,821 6,013 44,702 48,995 51,256 744,702 748,995 751,256
5 31 20,821 6,053 61,879 68,933 72,713 761,879 768,933 772,713
6 32 20,821 4,270 81,563 92,320 98,184 781,563 792,320 798,184
7 33 20,821 4,273 102,011 117,532 126,142 802,011 817,532 826,142
8 34 20,821 4,275 123,253 144,712 156,831 823,253 844,712 856,831
9 35 20,821 4,277 145,321 174,014 190,517 845,321 874,014 890,517
10 36 20,821 4,279 170,688 208,434 230,545 870,688 908,434 930,545
11 37 1,830 3,141 176,033 223,425 251,785 876,033 923,425 951,785
12 38 1,830 3,143 181,584 239,585 275,099 881,584 939,585 975,099
13 39 1,830 3,145 187,349 257,006 300,690 887,349 957,006 1,000,690
14 40 1,830 3,147 193,337 275,787 328,780 893,337 975,787 1,028,780
15 41 1,830 3,150 203,261 301,024 365,411 903,261 1,001,024 1,065,411
16 42 1,830 3,248 209,765 323,139 399,721 909,765 1,023,139 1,099,721
17 43 1,830 3,377 216,392 346,849 437,250 916,392 1,046,849 1,137,250
18 44 1,830 3,531 223,119 372,250 478,284 923,119 1,072,250 1,178,284
19 45 1,830 3,708 229,928 399,453 523,144 929,928 1,099,453 1,223,144
20 46 1,830 3,890 241,224 435,811 581,403 941,224 1,135,811 1,281,403
23 49 1,830 4,454 262,907 538,222 760,974 962,907 1,238,222 1,460,974
Three (3) months prior to maturity, you will be notified of the maturing MyFuture Fund and you will be asked of your reinvestment decision with
regards to the MyFuture Fund maturity benefit. If no instruction is received from you, then the MyFuture Fund maturity benefit will be transferred to
the Money Market Fund. It is assumed in the illustration that the MyFuture Fund Maturity Benefit is withdrawn by you at the maturity date.
*The investment returns used are net of the fund management charge of 2.00% (plus VAT) of the fund value.

** Charges are based on a 4% investment return.

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 r8.24.00.0000 1102450108101563 Page 6 of 7
ALJUN B. DIAZ 26 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 20,821.00

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 r8.24.00.0000 1102450108101563 Page 7 of 7