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Protect what's yours.
The assets you invest in and manage today are every bit as important as the financial goals you set for your retirement. Few investment vehicles offer the degree of protection and flexibility to pursue growth as a variable annuity from Sun Life Financial.
Secured Returns for Life Plus is a combination living benefit that offers either principal protection or income for life. It is available with most Sun Life Financial Masters® variable annuities for an additional cost. Secured Returns for Life Plus can adapt to meet your needs over time - it starts off by protecting some or all of your principal. If your needs change as you age, you can switch over to lifetime income at any time prior to the maturity of the benefit (the 10th Contract Anniversary or 10 years from the last step-up). Please keep in mind that once you select lifetime income, you can't switch back to principal protection.
Combination of principal protection and income for life.
The Guaranteed Minimum Accumulation Benefit (GMAB) allows you to invest for potential growth while guaranteeing part or all of your principal. If the market has performed poorly so that your contract value at maturity is less than the guaranteed amount, your contract value will be positively adjusted back up to your guaranteed amount. If your contract value has increased, you can choose to increase your guaranteed amount every year (on or after your first contract anniversary) with a step-up feature that locks in any market gains (one full year must pass between step-ups). And, if you experience positive growth of your contract value and didn't need this protection, you'll receive a refund of all cumulative charges that you paid for the benefit at maturity.
The Guaranteed Minimum Withdrawal Benefit for Life (GMWB for Life) offers guaranteed income for life. At any time prior to the maturity of the benefit, depending on your attained age, you may switch to receive a guaranteed lifetime income stream of up to 5% (based on those premiums that qualify for this benefit, adjusted for step-ups and withdrawals).
It's time to get started.
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To learn more about Secured Returns for Life Plus, contact your financial professional. You can also click on the link 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.
Important things to consider: Secured Returns for Life Plus is an optional living benefit that is available for an additional cost of 0.50% of contract value, assessed quarterly. Secured Returns for Life Plus can be cancelled if you fail to allocate your contract value to the funds designated under the benefit. If cancelled before the 7th contract anniversary, the fee will continue to apply until this date (except in Oregon). Once cancelled, the benefit cannot be reinstated. Withdrawals in excess of the guaranteed amount will greatly reduce, or in some cases eliminate, future withdrawals guaranteed by this benefit. Premiums in the first 2 years are fully guaranteed, while all other subsequent premiums may be partially protected. Please see the prospectus for more information. |
For more information:
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A lifetime COMBINATION of principal and income protection. |
Secured Returns for Life Plus is an optional living benefit, available at issue with most Sun Life Financial Masters variable annuities for an additional annual charge. The benefit can be added to your annuity if the oldest owner is age 85 or younger (80 or younger in NY).
If you are younger than 59 and want to take withdrawals, you can receive 5% of your guaranteed amount each year until your guaranteed amount equals zero.
One full year must pass between step-ups.
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. Early withdrawals will reduce the death benefit and cash surrender value. All guarantees are subject to the claims-paying ability of the issuing insurance company.
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 17842 (11/07) (Exp. 11/09)
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