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What is it?
Sun Life Financial Masters Extra is a variable annuity designed to complement your long-term retirement strategy.
*Product name in New York is "Sun Life Financial Masters Extra NY."
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- tax-deferred growth of any earnings (earnings are taxable when withdrawn),
- a wide selection of investment options (may be limited if certain living benefits are elected),
- a choice of interest credit options for extra credit,
- a 7-year surrender charge period,
- a mortality expense and administration charge of 1.70% annually, and
- flexible purchase payments you can make at anytime.
| Extra credit for your money: You may choose one of the following interest credit options at the time of application:
- Option A: 2% upfront and every 5 years
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- 2% of all first-year purchase payments; 2% of the contract value at every fifth-year contract anniversary
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- Option B: 6%1
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- For all purchase payments
| Your interest credit option is irrevocable. Option A is the default option if you do not select one at time of application.
Annuities that offer an interest credit or bonus may have higher expenses than annuities without such credits or bonuses. Over time, the higher expenses could significantly reduce or even exceed the value of credits. Also, contracts with an interest credit or bonus may include surrender charges that apply for a longer period than contracts without an interest credit or bonus. Therefore, you should consider expenses, surrender charges, and other factors along with an annuity's features and enhancements to make sure it meets your financial needs.
Who may purchase it?
This annuity may be issued to people aged 85 or younger.2 Your financial professional can help you decide whether a Sun Life Financial Masters Extra variable annuity can fit with your overall retirement plan.
Time to get started.
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Minimum initial investment: $10,000 ($5,000 for contributory IRA)
Additional purchase payments: Can be made any time in any dollar amount up to the maximum ($2,000,000, or any amount that would cause the contract value to exceed $2,000,000); payments above that amount are subject to prior approval from Sun Life Assurance Company of Canada (U.S.) or Sun Life Insurance and Annuity Company of New York.
| Where can I learn more?
Please refer to the prospectus, which offers more detailed information about risks, charges, and expenses of an investment. The prospectus contains this and other important information. Please read all prospectuses for the variable annuity product and the underlying investment options carefully before investing or sending money. Certain features may not be available in all states.
For more information, click on the links below:
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1. Interest credit percentage may vary by state.
2. Some broker/dealers may limit their clients from purchasing some optional benefits and products based on the client's age, and may limit participation in certain programs. Please check with your financial professional to learn if your broker/dealer imposes any age restrictions.
Sun Life Financial, its distributors, and its respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent advisor about any tax, accounting, or legal statements made herein.
Variable annuities are long-term investments intended for retirement planning. Variable annuity accumulation unit values fluctuate according to underlying economic and market conditions. It is possible that you could lose up to the entire principal amount invested at redemption.
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 19358 (09/08) (Exp. 10/09)
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