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Protect your principal.
Whether you elect to choose a pre-designed portfolio or to build your own portfolio, you can guarantee you'll never lose your purchase payments made in the first contract year (adjusted for withdrawals), regardless of market performance.
Protection if you need it. Or a refund if you don't.
Sun Life Financial Masters® variable annuity offers Retirement Asset Protector. This living benefit guarantees protection for your purchase payments (in down markets), and it refunds the cost of that guarantee if you don't end up needing the protection (in up markets).
| In a down market: |
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- If the market has performed poorly on the date the benefit matures, your contract value will be credited with the greater of the excess of all first year purchase payments (adjusted for withdrawals) over your contract value (after adjusting for any contract charges) on the date, or the total amount of fees paid.
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| In an up market: |
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If your contract value is greater than your guaranteed amount at maturity, or if the cumulative cost you paid for the benefit is greater than that difference, we'll refund the total fee you paid for the benefit and credit those fees back to your contract value. The credit will be allocated proportionally among all the designated funds in which you are invested at that time. |
Time to get started.
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To learn more about Retirement Asset Protector, 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 carefully before investing or sending money.
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| For more information, click on the link below: |
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Protect your PRINCIPAL from loss. | |
Retirement Asset Protector, a Guaranteed Minimum Accumulation Benefit optional living benefit, is available for an additional cost of 0.35% of the Retirement Asset Protector Benefit Base. The cost is deducted quarterly from the contract value. Retirement Asset Protector is subject to state and product availability, and is available to you if you are age 85 or younger on the open date. This rider can not be combined with the EEB Premier Plus death benefit or with another optional living benefit.
To participate in the benefit, you must make your election no later than your contract issue date. The account allocations of the contract must remain fully invested in investment options designated as available for investment under the benefit; if not, the benefit will automatically be cancelled. Once the benefit has been cancelled, it can not be reinstated. Investments made within the first year are 100% guaranteed. If you elect this benefit, additional purchase payments after the first contract year will not be accepted, so this optional living benefit may not be suitable for contributory plans. May not be available with all products or in all states.
After the first anniversary, if your contract value goes up you can choose to increase your guaranteed amount every year with a "step-up" feature that locks in market gains. Just keep in mind that a) your annuity must be held for 10 years after the last step-up date to receive your new guaranteed amount, and b) following a step-up election, the benefit fee may be greater than the current fee.
At the benefit maturity date, you may renew at the new cost of the benefit, if it is still being offered at the charge and under the terms and conditions applicable to new participants at that time. Remember, if you do not renew, your contract subsequently will be subject to market fluctuations and may lose value. Withdrawals reduce your guaranteed amount in direct proportion to the reduction of the contract value, and the reduction of the guaranteed amount may be more or less than the actual amount of the withdrawal.
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 19707 (12/08) (Exp. 06/10)
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