Keyport Single Premium Immediate Annuity (SPIA)
OFFERED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

Facts At-a-Glance

  • Annuity type: Single Premium Immediate Annuity

  • Contribution guarantee by Sun Life Assurance Company of Canada (U.S.): 100% at all times for all ages on your total contributions, less withdrawals.

    • Guaranteed by the financial strength of Sun Life Assurance Company of Canada (U.S.).

  • Initial rate guarantee period: Immediate

  • Access to money: Income payments begin within 30-45 days of contract date (no partial surrenders are permitted).

    • Early withdrawal and surrender charges may apply. Withdrawals may be subject to qualified plan provisions.

  • Retirement income options: A variety of income options are available, including Life Income, Period Certain, Life with Period Certain, Joint and Survivor, or Joint and 50% Survivor.

  • Plan types: All non-qualified and TSA Exchanges, Corporate pension distributions rolled to IRA's, IRA Rollovers.

  • Maximum/minimum issue age: There are no minimum or maximum age requirements.

  • Minimum premium purchase: $10,000

  • Minimum income payment: If payments fall below $100, Sun Life Financial has the right to change the frequency of payments so they will meet the minimum requirement.

  • Fees: No initial sales charge and no annual maintenance fee.

  • Surrender schedule: N/A

 



This page summarizes some of Keyport SPIA's features. See client brochure for additional details. It reflects our understanding of the current federal income tax laws and contains information of a general nature. We suggest you consult your own tax advisor as to the applicability of this information in your own situation. Keyport SPIA is a single premium immediate annuity [form #SPIA] and issued by Sun Life Assurance Company of Canada (U.S.), P.O. Box 9133 Wellesley Hills, MA 02481. The taxable portion of each income payment is subject to income tax and for payments made prior to age 59 1/2, a 10% IRS penalty tax may also apply. For costs and complete details of coverage ask an investment professional who is also an insurance-licensed agent. Sun Life Financial Fixed and Equity Indexed annuities are issued by Sun Life Financial Assurance Company of Canada (U.S.), Wellesley Hills, MA a member of 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



SLPC14169(04/05)

© 2008 Sun Life Assurance Company of Canada (US). All rights reserved.