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We are no longer selling Futurity Survivorship II, it is closed to new sales!
Riders and Benefits
Futurity Survivorship II has several riders and benefits,1 allowing you to tailor your policy to better meet your income protection needs.
Supplemental Insurance Rider - Provides a cost effective way to obtain additional insurance coverage until age 100 of the younger insured.
No-Lapse Guarantee Period - Included at no extra charge and for your added protection. This feature ensures your policy will stay in force until the earlier of 20 years or age 80 of the younger insured (but not less than five years),regardless of the performance of the underlying investment options, as long as you pay the minimum monthly premium specified in your policy..2
Maturity Date Extension - To eliminate the risk of outliving your death benefit protection, coverage will continue beyond age 100 of the younger insured in an amount equal to the account value.
Maturity Extension Rider - For an additional charge, this rider will continue to provide the full death benefit beyond the date when the younger insured reaches age 100. It eliminates the risk of outliving your coverage by ensuring that the full death benefit, net of any policy loans - and not just the account value, net of policy loans - will be paid to your beneficiary.
Estate Preservation Rider - For an additional charge, this rider provides an increased death benefit of up to 122% of the specified face amount if both insureds die within the first four policy years. It is intended to reduce the potential impact of the federal estate tax "three-year rule," which taxes death benefits if the second insured to die had certain ownership rights in the policy within three years of his or her death.
Charges and Fees3
A premium charge of 6% is deducted from premium payments to pay the sales load and premium tax.4
A mortality and expense risk charge of .60% annually for years 1-15, decreasing to .20% thereafter, is deducted each month from the account value.4
Each month for the first 10 years from issue, or any face amount increase, an expense charge reflecting administrative and other expenses is deducted from the account value.
Each month the cost of insurance (including the cost of any supplemental benefits) is deducted from the account value.
In the event that you surrender the policy or request a decrease in the specified face amount during the surrender charge period, surrender charges will be deducted from the account value. The surrender charge period varies based on the issue age of the younger insured and is generally 15 years.
The performance of your policy will reflect the fees and charges of the underlying funds. Please see the product and underlying fund prospectuses for complete details.
Ready to find out more? Get in touch with an insurance professional in your area for more information on Sun Life Assurance Company of Canada (U.S.) products and a thorough analysis of your needs.
1 Note that the options and riders described may not be available in all states. Also, the tax consequences of some options and riders are uncertain and should be discussed with your tax advisor.
2 Guaranteed protection may end due to the amount and timing of loans and partial surrenders or through on-payment of premiums. If there are insufficient cash values, the policy will lapse unless additional premiums are paid.
3 Please see the prospectus for complete details, including all charges and expenses. After age 100, only the underlying fund expenses are reflected.
4 Charges are subject to change. After the first policy year, the premium charge is guaranteed not to exceed 8%.
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