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What is it?
Sun Life Financial Focus Five Plus* is a flexible-premium, deferred fixed annuity that can give your clients the predictability they are looking for and may help offset risks associated with investments based on the stock market. Focus Five Plus can be a key part of your clients' retirement strategy, helping them create the retirement lifestyle of their dreams.
*Product name in New York is Sun Life Financial Focus Five Plus NY.
Key features include:
- Certainty and predictability of a guaranteed interest rate for a set time period (1 year or 5 years)1,2
- Opportunity to earn more with a first-year bonus rate and an extra bonus rate when the account value is at least $50,000
- Tax-deferred growth of any earnings to maximize your clients money and minimize the taxes they owe (earnings will be taxable when withdrawn)3
- You will always receive your total contributions back (less withdrawals)1
- Clients have access to a portion of their money, if and when they need it4
- Income options that can help manage your clients' retirement income
Who may purchase it?
This annuity may be issued to people aged 85 or younger for qualified plans, aged 90 or younger for non-qualified plans. In New York, this annuity may be issued to people aged 85 or younger for IRAs and non-qualified plans.
Time to get started.
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- Minimum initial payment: $5,000 (for all plans)
- Additional purchase payments: Can be made at any time ($100 minimum)
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Where can I learn more?
Please refer to the product brochure and rate flyer for more detailed information about the Sun Life Financial Focus Five Plus fixed annuity.
Product may not be available in all states. Product features may vary by state. |
1 Guaranteed by the financial strength of the issuing insurance company.
2 This annuity has a 1-and 5-year term -meaning your base rate is guaranteed for the length of the chosen term. The guaranteed renewal rate will be at least 3.00% for the life of the annuity.
3 The benefits of tax deferral in an annuity do not apply to contracts purchased as an Individual Retirement Annuity (IRA) or inside some other tax-qualified retirement plan because these plans already have tax-deferred status. Therefore, you should buy an annuity in such plans only if you value the lifetime income or beneficiary protection features that an annuity offers.
4 Focus Five Plus is subject to a 5-year surrender charge schedule. 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.
Sun Life Financial Focus Five Plus flexible-premium, deferred annuity (form #FPDA (6) /CERT and #FPDA(6) /IND) is issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA) in all states but New York. In New York, the contract (Sun Life Financial Focus Five Plus New York [for, #FPDA(6)/CERT/NY]) is issued by Sun Life Insurance and Annuity Company of New York (New York, NY).
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. Clients should consult their own independent advisor about any tax, accounting, or legal statements made herein.
Annuities are long-term financial vehicles designed for retirement purposes. Withdrawals, which may be subject to surrender charges, have the effect of reducing benefits and values.
NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - NOT A DEPOSIT - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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SLPC 18484 (02/08) (Exp. 02/09)
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