A new view on planning for lifetime income
It's important that you design a retirement income strategy that addresses your wants and needs. Sun Life Financial has identified four factors that you should consider in order to develop your income strategy:

  1. The Longevity Factor: Thanks to medical advances and healthier lifestyles, you may have a long, active life in front of you. Your income needs to last as long as you do.
  2. The Inflation Factor: The longer you live, the more you need to factor in the impact of inflation on your expenses, and achieve the necessary growth to outpace inflation.
  3. The Investment Factor: You should consider keeping a portion of your assets invested for possible growth in order to maximize your income potential. And, you should consider income solutions that can help protect you from market loss and volatility.
  4. The Lifestyle Factor: To have the retirement lifestyle that is most important to you, your income strategy needs to build in protection from the unexpected, and be flexible to adapt to your ever-changing needs.

Protection from the unexpected
Our Sun Life Financial Masters® variable annuity offers breakthrough solutions for the Income Generation: the Income ON Demand® II suite. Not only does it provide you with guaranteed income for life, it allows you to store that income when you don't need it and use it whenever you do.1 And, better yet, you may also add on extra benefits for a customized solution.

Here are three ways this innovative lifetime income option can help you achieve the freedom - and the flexibility - to take control of your income for the rest of your life:

  1. SECURE guaranteed income for life
  2. STORE income and spend it when you need it
  3. CUSTOMIZE your income plan

You may select one of these 3 options when you purchase a Sun Life Financial Masters variable annuity.

  • Income ON Demand II - This option may be right for you if you want a benefit that provides a flexible income strategy for life, allowing you to use your income when you need it or store it when you don't.
  • Income ON Demand II Escalator - This option may be right for you if you want the benefits of Income ON Demand II and you like the idea of potentially getting a higher lifetime income percentage as you age throughout retirement.
  • Income ON Demand II Plus - This option may be right for you if you want the benefits of Income ON Demand II and are interested in maximizing your income later in life.

Time to get started

To learn more about the Income ON Demand II suite, 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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  • Flexible INCOME you can start or store

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



      • 1. Product guarantees are subject to the claims-paying ability of the issuing insurance company.

      Income ON Demand II, Income ON Demand II Plus, and Income ON Demand II Escalator are optional living benefits available with the Sun Life Financial Masters variable annuities. These optional living benefits 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. The current annual charge for Income ON Demand II is 0.65% of the Fee Base for single life coverage, and 0.85% for joint life; Income ON Demand II Escalator is 0.80% of the Fee Base for single life coverage, and 1.00% for joint life; Income ON Demand II Plus is 0.95% of the Fee Base for single life coverage, and 1.15% 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 Income ON Demand II, Income ON Demand II Plus and Income ON Demand II Escalator 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 19729 (12/08) (Exp. 06/10)


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