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 : Male Age Last Birthday : 31 (Male)
Currency : Philippine Peso
Basic Plan Benefit Amount Regular Premium
Sun MaxiLink Prime - Non-Smoker Ps 350,000.00 Ps 19,292.00
Additional Benefits
Total Disability Benefit (Waiver of Premium) - TDB Ps 427.00
Accidental Death, Dismemberment and Disablement Benefit - ADDD Ps 350,000.00 Ps 1,582.00

Class: Standard Total Annual Regular Premium Ps 21,301.00

Annual Excess Premium (to be Billed Regularly) Ps 0.00
Total Annual Premium (to be Billed Regularly) Ps 21,301.00
Total Quarterly Premium to be Billed Ps 5,325.25
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) *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.

Prepared By : SANTIAGO, CRISTINA B. Date : 19 November 2018

Branch : ROSEWOOD

This is only an illustration.

VL r8.27.00.0000 0988791411171987 Page 1 of 7
Male 31 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 21,301.00

Fund Allocation
100% Index 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.
Opportunity Tracker Fund
The Fund is designed to provide optimum returns consisting of current income and capital growth through investment in a mix of fixed-income and
equity instruments.

This is only an illustration.

VL r8.27.00.0000 0988791411171987 Page 2 of 7
 Male 31 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 21,301.00

Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products
Year-on-Year Return
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- Annual Growth Rate
(Fund Launch Date) 08 09 10 11 12 13 14 15 16 17 (for completed (2017 vs (2017 vs (2017 vs
calendar years) 2014) 2012) 2007)
Peso Balanced
(Dec. 6, 2004) -26.72% 27.03% 26.92% 1.95% 23.20% 1.14% 11.81% -3.75% -2.74% 12.70% 9.76% 5.51% 19.32% 77.05%
Peso Bond
(Sep. 13, 2004) 0.01% 6.11% 10.69% 6.90% 6.56% 8.25% 0.16% -0.96% -0.90% 0.71% 5.28% -1.16% 7.16% 43.40%
Peso Equity
(Sep. 13, 2004) -36.70% 47.10% 36.98% 1.34% 30.97% 1.31% 19.73% -5.02% -1.78% 20.94% 12.60% 12.82% 36.86% 131.69%
Peso Money Market
(Jun. 25, 2007) 2.19% 1.49% 1.03% 0.50% 0.66% -0.34% -0.37% 0.10% -0.06% 0.60% 0.58% 0.65% -0.07% 5.92%
MyFuture 2020
(Jun. 7, 2008) -8.16%* 34.12% 33.77% 1.84% 31.37% 2.88% 16.74% -4.10% -2.64% 9.01% 12.71% 1.77% 22.24% N/A
MyFuture 2025
(Jun. 7, 2008) -9.74%* 32.88% 33.56% 2.25% 31.15% 2.97% 18.15% -5.51% -2.42% 14.71% 13.24% 5.76% 28.67% N/A
MyFuture 2030
(Jun. 7, 2008) -11.12%* 36.04% 34.36% 1.61% 30.93% 2.10% 20.58% -5.05% -2.68% 16.78% 13.92% 7.90% 32.84% N/A
MyFuture 2035
(Jun. 7, 2008) -11.21%* 36.48% 34.98% 1.71% 30.93% 3.31% 20.55% -4.86% -2.08% 17.67% 14.37% 9.62% 36.53% N/A
MyFuture 2040
(Jun. 7, 2008) -11.75%* 37.44% 34.21% 1.94% 30.96% 3.14% 20.36% -4.79% -2.04% 20.54% 14.70% 12.43% 39.58% N/A
Growth PLUS
(Apr. 8, 2015) N/A N/A N/A N/A N/A N/A N/A -12.09%* -2.81% 21.42% 8.63% 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 1.71%* 23.64% 23.64% 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 -6.56%* 14.24% 14.24% N/A N/A N/A
Opportunity Tracker
(Oct. 9, 2017) N/A N/A N/A N/A N/A N/A N/A N/A N/A -0.46%* 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 r8.27.00.0000 0988791411171987 Page 3 of 7
Male 31 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 21,301.00

Accidental Death, Dismemberment and Disablement Benefit

Once the life insured dies or suffers an injury from accident which occurs within one year from the date of accident and such death or
injury resulted, directly and independently of disease, medical or surgical treatment, in any of the following losses, we will pay you
the Benefit Amount equivalent to a percentage of the Principal Sum of Ps 350,000.00 as follows:

% of Principal Sum % of Principal Sum

life 100% four fingers 35%
entire sight of both eyes 100% hearing of one ear 25%
both hands or both feet 100% all toes on one foot 25%
one hand and one foot 100% thumb 15%
either hand or foot & sight of one eye 100% index finger 10%
arm at or below elbow 70% middle finger 6%
leg at or above knee 60% ring finger 5%
one hand at or above wrist 50% big toe 5%
one foot at or above the ankle 50% little finger 4%
hearing of both ears 50% metacarpals 1st or 2nd (additional) 3%
sight of one eye 50% metacarpals 3rd, 4th or 5th (additional) 2%
four fingers and thumb of one hand 50% any toe other than big toe, each 1%

If the life insured sustains more than one of the above losses as a result of one accident, we will pay for that one loss for which the
largest amount is payable.
When the insured becomes Totally Disabled as a result of accidental bodily injury commencing within one year from the date of
accident and such disability has continued uninterruptedly for a period of 6 months as evidenced by satisfactory proof of disability
submitted to us and such disability occurs before the policy anniversary on or following the life insured's 60th birthday, we will pay
you an annual Benefit Amount of 10% of the Principal Sum for 10 years. The life insured is deemed Totally Disabled when he is
completely unable, during the first 2 years from the date of accident, to carry on his own occupation, and thereafter to carry on any
occupation, and the total disability is continuous.
The first annual payment will be payable on the 7th month of disability, or if such disability does not require the six-month waiting
period, then on the onset of disability. Subsequent annual payments will be payable during the continuance of such disability,
subject to a maximum of 10 annual payouts. However, if one of the following occurs during the 10-year payout period : a) you fail to
provide proof of continuing Total Disability of the life insured as required; or b) the life insured becomes able again to carry on his
own occupation during the first two years, and thereafter to carry on any occupation; or c) the life insured dies, then we will no
longer be liable to pay further disablement benefits as the Total Disability is deemed to have ceased.
In any policy year, the aggregate of all percentages we will pay under the Accidental Death, Dismemberment and Disablement Benefit
provision in respect of any one accident resulting in loss or losses will be the Principal Sum.
In any policy year, the aggregate benefits we will pay under the Dismemberment or Disability Benefit in respect of one or more
accidents resulting in loss or losses will not exceed the Principal Sum.
In any policy year, the amount of benefit we will pay for loss of life arising from independent and unrelated accident will always be
the Principal Sum.
We will not pay any benefit for any loss resulting from or caused directly or indirectly, wholly or partly, by: (a) suicide while sane or
insane, or intentionally self-inflicted injuries; (b) bodily or mental infirmity or disease of any kind, or infection other than infection
occurring simultaneously with and in consequence of accidental cut or wound; (c) committing a criminal offense; (d) homicide; (e)
poison, carbon monoxide or drug overdose; (f) alcohol abuse; (g) insurrection, civil commotion or hostile action of armed forces,
whether or not the life insured was actually participating therein; or (h) injury sustained from any aviation or marine activities, other
than as a fare paying passenger in an air or marine device operated by a commercial airline or shipping line on a scheduled passenger
trip over its established passenger route.
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.

This is only an illustration.

VL r8.27.00.0000 0988791411171987 Page 4 of 7
Male 31 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 21,301.00

Illustration of Rider Premiums

Rider Premiums

End of Attained Premiums Total Rider

Year Age Paid Premiums TDB* ADDD^

1 32 21,301 2,009 427 1,582

2 33 21,301 2,009 427 1,582
3 34 21,301 2,009 427 1,582
4 35 21,301 2,009 427 1,582
5 36 21,301 2,009 427 1,582
6 37 21,301 2,009 427 1,582
7 38 21,301 2,009 427 1,582
8 39 21,301 2,009 427 1,582
9 40 21,301 2,009 427 1,582
10 41 21,301 2,009 427 1,582

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

This is only an illustration.

VL r8.27.00.0000 0988791411171987 Page 5 of 7
Male 31 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 21,301.00

Illustration of Benefits – Index 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 32 21,301 15,848 5,725 5,999 6,137 705,725 705,999 706,137
2 33 21,301 11,992 15,818 16,905 17,458 715,818 716,905 717,458
3 34 21,301 8,136 30,241 32,681 33,943 730,241 732,681 733,943
4 35 21,301 5,244 48,179 52,702 55,082 748,179 752,702 755,082
5 36 21,301 5,246 66,813 74,285 78,286 766,813 774,285 778,286
6 37 21,301 3,320 88,158 99,598 105,828 788,158 799,598 805,828
7 38 21,301 3,322 110,332 126,887 136,061 810,332 826,887 836,061
8 39 21,301 3,324 133,368 156,307 169,247 833,368 856,307 869,247
9 40 21,301 3,326 157,299 188,023 205,674 857,299 888,023 905,674
10 41 21,301 3,329 184,791 225,261 248,941 884,791 925,261 948,941
11 42 1,418 190,543 241,389 271,782 890,543 941,389 971,782
12 43 1,547 196,388 258,643 296,722 896,388 958,643 996,722
13 44 1,701 202,303 277,084 323,936 902,303 977,084 1,023,936
14 45 1,878 208,268 296,783 353,626 908,268 996,783 1,053,626
15 46 2,060 218,262 323,196 392,253 918,262 1,023,196 1,092,253
16 47 2,241 224,478 346,120 428,238 924,478 1,046,120 1,128,238
17 48 2,432 230,742 370,637 467,540 930,742 1,070,637 1,167,540
18 49 2,624 237,052 396,870 510,480 937,052 1,096,870 1,210,480
19 50 2,819 243,410 424,950 557,414 943,410 1,124,950 1,257,414
20 51 3,012 254,492 462,709 618,546 954,492 1,162,709 1,318,546
24 55 3,772 281,477 608,974 881,364 981,477 1,308,974 1,581,364
29 60 4,621 324,087 876,746 1,400,981 1,024,087 1,576,746 2,100,981
34 65 9,598 359,446 1,254,807 2,223,269 1,059,446 1,954,807 2,923,269
*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 r8.27.00.0000 0988791411171987 Page 6 of 7
Male 31 (Male)
Sun MaxiLink Prime - Non-Smoker
Face Amount: Ps 350,000.00 Total Premium to be Billed: Ps 21,301.00

Declaration and Acknowledgement of Variability

I have read and understood the disclosures in this proposal illustration. I likewise signify that my advisor has explained to me 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.

Further, 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 all investment risks under the policy are to be borne solely by me, as the policy owner.

By requesting a proposal on Sun Life of Canada (Philippines), Inc.'s products and services and by sharing and disclosing my personal
data, I authorize and consent to the use, processing and exchange of information needed to prepare the proposal. In the event I do
not proceed with my insurance application with Sun Life of Canada (Philippines), Inc., my personal data is kept for one year in Sun
Life of Canada (Philippines), Inc.'s data processing systems after which, it will be irreversibly anonymized for the sole purpose of
data analytics and proposal counts report.

Applicant's Signature over Printed Name Date

End of Proposal

This is only an illustration.

VL r8.27.00.0000 0988791411171987 Page 7 of 7