Treat yourself today and for the rest of your life
You and your financial professional should consider options and solutions that can help you plan for your income needs during retirement. If you need income now or later, you may want to consider ways to maximize the amount of income you receive today. And you want to make sure your income lasts a lifetime.

SECURE income for life
Thanks to medical advances and healthier lifestyles, there's a good chance you could live well into your 90s and beyond. Think how much more confidently you could face the future if you knew your income would never run out, no matter how long you live. A variable annuity living benefit like Retirement Income Escalator II can help address your longevity by securing income that lasts as long as you do.1

MAXIMIZE your income now
With Retirement Income Escalator II, you can structure lifetime income. The benefit allows you to lock in a higher withdrawal percentage based on your age. The older you are at the time you make your first withdrawal, the higher the annual withdrawal percentage: 5% for ages 59½ to 69, 6% for ages 70 to 79, and 7% for ages 80 and above.2 You also have the opportunity to achieve a higher withdrawal percentage as you age if certain conditions are met. By maximizing your annual withdrawal percentage, you may get the boost you need to help keep pace with inflation.

Two ways to ENHANCE your income

  • Benefit from potential market gains with the opportunity for an annual increase to the amount used to calculate your withdrawals based on the adjusted Highest Quarterly Value of your contract.3
  • Receive a 7% bonus if you don't take a withdrawal in a given year.4,5


    • Time to get started

    To learn more about Retirement Income Escalator II, contact your financial professional. You can also click on the links below for more details.

    This material is authorized for use only when preceded or accompanied by a prospectus. Please read all prospectuses for both the variable annuity product and the underlying investment options carefully before investing or sending money.

         

     For more information:

  • A new view on PLANNING for lifetime income

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  • MAXIMIZE your lifetime income

        For the New York version of this brochure,
        please click here.

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    1. All withdrawals of taxable amounts, including earnings, are taxable as ordinary income and, if taken prior to age 59½, may be subject to a 10% federal tax penalty. Withdrawals in excess of the Annual Withdrawal Amount also may be subject to possible surrender charges. Withdrawals within the maximum amount allowable for Retirement Income Escalator II will have no impact on any future income amounts, guaranteed for life. If more than the maximum amount is withdrawn, the new Withdrawal Benefit Base is reduced by the same proportion by which the withdrawal reduced the Contract Value. Excess withdrawals may severely reduce your Annual Withdrawal Amount, especially if taken in a down market, and may be subject to surrender charges if applicable.

    2. In New York, Retirement Income Escalator II has the following withdrawal percentages if joint life coverage is elected: 5% for ages 63 to 74, 6% for ages 75 to 79, and 7% for ages 80 and above.

    3. The cost of this feature may increase upon step-up based on market conditions at that time. However, if the cost increases, you will be sent notification prior to a step-up at the new cost. Any applicable step-ups for the Withdrawal Benefit Base continue up to the maximum Annuity Commencement Date, which is age 95 (may vary by state).

    4. Bonus is available during each of the first 10 contract years if no withdrawals are taken in a given year. The 7% is multiplied by your first-year contributions (adjusted by withdrawals and any applicable step-ups). This bonus is then added to your Withdrawal Benefit Base (the bonus does not increase your Contract Value). By increasing your Withdrawal Benefit Base, you automatically increase your Annual Withdrawal Amount. Any time your Withdrawal Benefit Base steps up during a bonus period, a new 10-year bonus period begins automatically.

    5. In New York, you are eligible to receive a 6% bonus during the first 10 contract years if no withdrawals are taken in a given year once you turn 60 (6% beginning at age 63 if joint life coverage is selected).

    Retirement Income Escalator II is an optional living benefit available with the Sun Life Financial Masters variable annuities. This optional living benefit can be added to your annuity at issue if both the oldest owner and the oldest annuitant are 85 or younger, and must be elected at the time of issue (age 80 for NY). The current annual charge for Retirement Income Escalator II is 0.80% of the Withdrawal Benefit Base for single life coverage, and 1.00% for joint life. These charges can increase under certain circumstances.

    You can cancel the optional living benefit at any time. The benefit also can be cancelled if you fail to allocate your contract value to the funds designated under the benefit. Once cancelled, the benefit cannot be reinstated. May not be available in all states.

    Please note that the timing and amount of your withdrawals under Retirement Income Escalator II may significantly affect contract guarantees.

    Variable annuity accumulation units fluctuate according to underlying economic and market conditions. It is possible that you could lose up to the principal amount invested at redemption. Guarantees do not apply to the performance or safety of amounts held in the variable investment options.

    Sun Life Financial Masters variable annuities are issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA) in all states except New York. In New York, the contracts are issued by Sun Life Insurance and Annuity Company of New York (New York, NY). All guarantees are based on the claims-paying ability of the issuing company. Variable products are distributed through Sun Life Financial Distributors, Inc. All three companies are members of the Sun Life Financial group of companies.

    NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - NOT A DEPOSIT - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

    SLPC 19416 (09/08) (Exp. 10/09)


    © 2009 Sun Life Assurance Company of Canada (US). All rights reserved.