SUN Smarter Life Classic Peso Regular Pay

Make a bright choice with SUN Smarter Life Classic Peso Regular Pay, a traditional whole life insurance product that
primarily helps address your need for:

SUN Smarter Life Classic Peso Regular Pay lets you enjoy these benefits:
LIFE INSURANCE COVERAGE
This is equivalent to 200% of the Face Amount, beginning on Day 1 or policy effective date until you reach age 100!
You may also enhance your benefits with the addition of riders or supplements which provide protection for
contingencies such as accidental death, disability and illnesses.

LIVING BENEFITS
Your policy earns dividends which you may choose to (i) increase your insurance coverage, (ii) pay for future premiums,
(iii) leave with Sun Life to accumulate, or (iv) receive in cash. Money also comes in handy via loan against the policy's
cash value. Meanwhile, a portion of the Face Amount may also be advanced if the life insured is diagnosed to be
terminally ill.

FLEXIBLE PREMIUM PAYMENTS

Pay your premiums in Annual, Semi-Annual, or Quarterly mode, whichever is most convenient to you. Monthly payment
through Auto-Debit or Auto-Charge may also be arranged after payment of the initial quarterly premium.
Note: Benefits indicated above are subject to the specific guidelines set by Sun Life and the actual provisions of the insurance
policy contract.

PRIMARY BENEFITS (BASIC PLAN) SUPPLEMENTARY BENEFITS (RIDERS)

FACE AMOUNT 2,500,000.00 TOTAL DISABILITY BENEFIT (TDB)
LIFE INSURANCE COVERAGE 5,000,000.00 LIVING BENEFIT RIDER (LBR)

DEATH BENEFIT1 LIVING BENEFIT1

1The values above are computed based on 3.60% dividend accumulation rate which is subject to change and is not guaranteed by Sun Life.

This is for information purposes only and is not a contract of insurance. For more information on the above benefits and additional details, please refer to the product proposal attached herein.
Life Insurance Proposal
In the Philippines, insurance products are being offered through Sun Life of Canada (Philippines), Inc., a member of the Sun Life
group of companies. In this proposal, you and your refer to the policy owner while we, us, our and the Company refer to Sun Life
of Canada (Philippines), Inc.
Proposal Information
On the Life of :      PAUL JAN SARACHO Age Last Birthday :      31 (Male)
Currency :       Philippine Peso
Basic Plan Face Amount Annual Premium
SUN Smarter Life Classic Peso Regular Pay - Smoker Ps 2,500,000.00 Ps 61,400.00
(Guaranteed Death Benefit of 200% of Face Amount equivalent
to Ps 5,000,000.00)
Supplementary Benefits
Total Disability Benefit (Waiver of Premium) Ps 5,675.00
Living Benefit Rider* FREE
Class: Standard Total Annual Premium Ps 67,075.00

* Living Benefit Rider - This is a benefit that provides an advance payment of up to 60% of the basic Face Amount,
subject to the prior deduction of any outstanding advances (loans) with interest, if the life insured is diagnosed to be
terminally ill with a life expectancy of 12 months or less. The sum of all Living Benefit Amounts payable on all Sun Life
policies of the life insured shall not exceed Ps. 2 Million. Interest is charged on advances, including the Living Benefit
amount paid, at a specified rate of interest as declared by the Company.
Please refer to Important Illustration Notes page for more information.

Health insurance products (basic and riders) provide you the right to Cooling-Off Period for 15 days from receipt of
corresponding policy document. If you opted for an electronic policy contract, the right to Cooling-Off period is 20 days
from the date the corresponding policy document was electronically transmitted to you.

While we have made every effort to ensure accuracy, errors and omissions may have occurred in the preparation of this
proposal. For more information on the dividends, please refer to the Dividend Information page. Should there be any
discrepancy between the statement(s) contained in this proposal and the insurance policy contract, the provisions of the
insurance policy contract will prevail.

Prepared By :      OBNIALA, CHRISTOPHER D. Date :       07 June 2021

Branch :      HYPERION TREE Attachment :      Dividend Accumulation Option
This is only an illustration, not a contract of insurance.
5.7 / 3.5 114160O070620211616553358304 (P 32 ; M 32) Page 1 of 6
PAUL JAN SARACHO 31 (Male)
SUN Smarter Life Classic Peso Regular Pay - Smoker  
Face Amount: Ps 2,500,000.00 Total Annual Premium : Ps 67,075.00

Important Illustration Notes

The following caveats shall apply to the succeeding pages of this proposal illustration:
(i) The succeeding tables are only summary illustrations of the major benefits of your policy. You should refer to your
advisor or the Company for more information or, if appropriate, a more detailed proposal.

(ii) The illustration assumes that all premiums are paid in full when due and you will have no loans/advances on the
policy.

(iii) The amount of total premium(s) may differ slightly from the total of the premiums payable in the policy due to
rounding differences.

(iv) Under the Summary of Benefits, there are two scenarios illustrated:
(1) Based on current dividend scale and current accumulation rate; and
(2) Based on interest rate which is 50 basis points lower than the current interest rate used for computing the
annual dividends and accumulation rate which is 50 basis points lower than the current accumulation rate.

(v) You can leave the amount of projected dividends to accumulate with the Company at an accumulation rate, which
will change from time to time. The accumulation rates used to illustrate the effect of accumulation are current
3.60% and 3.10% per annum. These rates are not guaranteed. You can also cash all or part of the amount of
projected dividends without affecting the Face Amount but the values shown in the table will be reduced
accordingly.

(vi) If the accumulation rate and assumed dividend scales remain unchanged throughout your policy term, then the
future premiums can be paid out of accumulated dividends from policy year 30 onwards. This is not guaranteed; a
change in either the accumulation rate or projected dividend scale may require you to pay additional premiums to
maintain the policy.

(vii) This is a long term insurance product. Inflation over the years may reduce the ability of the policy’s coverage to
offset a potential loss in the future.

The scale of dividends and accumulation rates, however, are likely to change during your policy's lifetime. As the changes
will affect the figures, we prepared this proposal for information purposes only, to demonstrate the features of the
recommended policy. This does not form part of any policy that may be issued. It is neither an estimate nor a guarantee
of the future policy performance.

This is only an illustration, not a contract of insurance.

5.7 / 3.5 114160O070620211616553358304 Page 2 of 6
PAUL JAN SARACHO 31 (Male)
SUN Smarter Life Classic Peso Regular Pay - Smoker  
Face Amount: Ps 2,500,000.00 Total Annual Premium : Ps 67,075.00

Summary of Benefits
End Cumulative Guaranteed Guaranteed Scenario 1
of Att Basic Death Cash Current Dividend Scale
Year Age Premiums Benefit Value Accumulation Rate at 3.60%
Paid
Illustrative Total Living Total Death
Accum. Dividend Benefit Benefit
1 32 61,400 5,000,000 5,000,000
3 34 184,200 5,000,000 68,725 92 68,817 5,000,092
5 36 307,000 5,000,000 142,725 1,118 143,843 5,001,118
10 41 614,000 5,000,000 375,475 16,082 391,557 5,016,082
15 46 921,000 5,000,000 705,675 60,999 766,674 5,060,999
20 51 1,228,000 5,000,000 1,078,450 148,320 1,226,770 5,148,320
32 63 1,964,800 5,000,000 2,053,350 575,558 2,628,908 5,575,558
***              
24 55 1,473,600 5,000,000 1,383,875 253,277 1,637,152 5,253,277
29 60 1,780,600 5,000,000 1,794,075 434,983 2,229,058 5,434,983
34 65 2,087,600 5,000,000 2,227,350 684,107 2,911,457 5,684,107

End Cumulative Guaranteed Guaranteed Scenario 2 Low Dividend Scale

of Att Basic Death Cash Accumulation Rate at 3.10%
Year Age Premiums Benefit Value
Paid Illustrative Total Living Total Death
Accum. Dividend Benefit Benefit
1 32 61,400 5,000,000 5,000,000
3 34 184,200 5,000,000 68,725 52 68,777 5,000,052
5 36 307,000 5,000,000 142,725 631 143,356 5,000,631
10 41 614,000 5,000,000 375,475 9,011 384,486 5,009,011
15 46 921,000 5,000,000 705,675 33,925 739,600 5,033,925
20 51 1,228,000 5,000,000 1,078,450 81,820 1,160,270 5,081,820
34 65 2,087,600 5,000,000 2,227,350 367,133 2,594,483 5,367,133
***              
24 55 1,473,600 5,000,000 1,383,875 138,701 1,522,576 5,138,701
29 60 1,780,600 5,000,000 1,794,075 235,874 2,029,949 5,235,874
34 65 2,087,600 5,000,000 2,227,350 367,133 2,594,483 5,367,133

Total Living Benefit is the sum of Guaranteed Cash Value and Illustrative Accumulated Dividends.
Total Death Benefit is the sum of Guaranteed Death Benefit and Illustrative Accumulated Dividends.

You should only apply for this product if you intend to pay the regular premium for the whole duration of your chosen
payment term. Should you terminate the policy early, you may suffer a loss as illustrated above.

The figures shown herein are based on assumptions in the accompanying first page of this proposal.

This is only an illustration, not a contract of insurance.

5.7 / 3.5 114160O070620211616553358304 Page 3 of 6
PAUL JAN SARACHO 31 (Male)
SUN Smarter Life Classic Peso Regular Pay - Smoker  
Face Amount: Ps 2,500,000.00 Total Annual Premium : Ps 67,075.00

Premium Offset Illustration

(Dividend Accumulation Option)
Accumulation Rate At 3.60%

Premium Offset is a method of letting a policy "pay its own premiums".

Annual Dividend Year-End Illustrative Guaranteed Total Total
Beginning
Premium Accumula- Cash Net Accum. Cash Living Death
Fund
Dur (Cash) tion Dividend Fund Values Benefit Benefit
 
1 67,075 5,000,000
2 67,075 5,000,000
3 67,075 92 92 68,725 68,817 5,000,092
4 92 67,075 3 234 330 105,075 105,405 5,000,330
5 330 67,075 12 776 1,118 142,725 143,843 5,001,118
6 1,118 67,075 40 1,300 2,458 181,650 184,108 5,002,458
7 2,458 67,075 89 1,968 4,515 221,875 226,390 5,004,515
8 4,515 67,075 163 2,699 7,377 266,725 274,102 5,007,377
9 7,377 67,075 266 3,555 11,197 320,275 331,472 5,011,197
10 11,197 67,075 403 4,482 16,082 375,475 391,557 5,016,082
11 16,082 67,075 579 5,526 22,188 432,275 454,463 5,022,188
12 22,188 67,075 799 6,691 29,677 498,425 528,102 5,029,677
13 29,677 67,075 1,068 7,817 38,562 566,075 604,637 5,038,562
14 38,562 67,075 1,388 9,035 48,985 635,125 684,110 5,048,985
15 48,985 67,075 1,763 10,251 60,999 705,675 766,674 5,060,999
16 60,999 67,075 2,196 11,547 74,742 776,250 850,992 5,074,742
17 74,742 67,075 2,691 12,815 90,248 848,650 938,898 5,090,248
18 90,248 67,075 3,249 14,155 107,652 923,200 1,030,852 5,107,652
19 107,652 67,075 3,875 15,440 126,967 999,825 1,126,792 5,126,967
20 126,967 67,075 4,571 16,782 148,320 1,078,450 1,226,770 5,148,320
30 434,983 * 13,449 28,367 415,398 1,880,050 2,295,448 5,415,398
*****
30 434,983 * 13,449 28,367 415,398 1,880,050 2,295,448 5,415,398
40 264,127 * 7,298 40,456 250,481 2,763,575 3,014,056 5,250,481
50 161,666 * 3,610 51,869 155,744 3,636,225 3,791,969 5,155,744
60 137,051 * 2,723 60,348 138,722 4,305,675 4,444,397 5,138,722
69 185,043 * 4,451 68,297 196,391 5,000,000 5,196,391 5,196,391

* If the accumulation rate and assumed dividend scales remain unchanged throughout your policy term, then the
future premiums can be paid out of accumulated dividends from policy year 30 onwards. This is not guaranteed; a
change in either the accumulation rate or projected dividend scale may require you to pay additional premiums to
maintain the policy. The Illustrative Net Accumulated Fund after the offset year is computed as follows:
Illustrative Net Accum. Fund after the offset year = Beginning Fund - Annual Premium + Dividend Accumulation +
Year-End
Cash Dividend
Total Living Benefit = Illustrative Net Accum. Fund + Guaranteed Cash Values
Total Death Benefit = Illustrative Net Accum. Fund + 200% of Face Amount
If a 3.10% accumulation rate will be applied, premiums will be paid from the accumulated value of dividend credits
starting on the 43rd year. The accumulated dividend values will be sufficient to pay for all future premium payments
provided the projected dividends and the 3.10% interest rate on accumulated dividends continue indefinitely.

The figures shown herein are based on assumptions in the accompanying first page of this proposal.

This is only an illustration, not a contract of insurance.

5.7 / 3.5 114160O070620211616553358304 Page 4 of 6
PAUL JAN SARACHO 31 (Male)
SUN Smarter Life Classic Peso Regular Pay - Smoker  
Face Amount: Ps 2,500,000.00 Total Annual Premium : Ps 67,075.00

Early Fully Paid-Up Life Option

(Dividend Accumulation Option)
Current Dividend Scale
Accumulation Rate At 3.60%

Based on current interest rate used in computing paid-up life, your policy can be converted to Fully Paid-Up Life in 32
years if the guaranteed cash values and accumulated dividends are maintained intact. Upon conversion to Fully Paid-Up
Life, all riders will be discontinued.

Although no further premiums are payable after the 32nd year, your policy will continue to accumulate guaranteed cash
values. Assuming continuation of the current dividend scale, you will be entitled to:

a) excess dividends totaling Ps 5,880.86, which you may withdraw;

b) cash dividends on each policy anniversary;
and still be covered for life.
Below are the dividend illustrations and guaranteed cash values after your policy has become a Fully Paid-Up Life.

(a) (b)    (c) (d) (e) (f)

Guaranteed Illustrative Illustrative Total Total
Dur Cash Cash Accumulated Living Death
Value Dividend Dividend Benefit Benefit
(b)+(d) 2(FA)+(d)
 
32 2,623,027 2,623,027 5,000,000
33 2,693,133 27,910 27,910 2,721,043 5,027,910
34 2,763,388 28,647 57,561 2,820,949 5,057,561
35 2,833,940 29,386 89,020 2,922,960 5,089,020
36 2,905,012 30,130 122,354 3,027,366 5,122,354
37 2,976,723 30,879 157,638 3,134,361 5,157,638
38 3,049,170 31,636 194,948 3,244,118 5,194,948
39 3,122,325 32,400 234,367 3,356,692 5,234,367
40 3,195,940 33,171 275,975 3,471,915 5,275,975
41 3,269,410 33,943 319,853 3,589,263 5,319,853
42 3,342,310 34,712 366,079 3,708,389 5,366,079
43 3,414,820 35,475 414,733 3,829,553 5,414,733
44 3,486,982 36,234 465,898 3,952,880 5,465,898
45 3,558,753 36,990 519,661 4,078,414 5,519,661
46 3,629,925 37,741 576,109 4,206,034 5,576,109
*****
30 2,483,230
40 3,195,940 33,171 275,975 3,471,915 5,275,975
50 3,899,875 40,609 830,497 4,730,372 5,830,497
60 4,439,913 46,369 1,698,836 6,138,749 6,698,836
69 5,000,000 51,992 2,846,117 7,846,117 7,846,117
             

Interest rate used in computing paid-up life may change at the time of conversion.
The figures shown herein are based on assumptions in the accompanying first page of this proposal.

This is only an illustration, not a contract of insurance.

5.7 / 3.5 114160O070620211616553358304 Page 5 of 6
PAUL JAN SARACHO 31 (Male)
SUN Smarter Life Classic Peso Regular Pay - Smoker  
Face Amount: Ps 2,500,000.00 Total Annual Premium : Ps 67,075.00

Dividend Information
Dividends
Sun Life Philippines will allot as a dividend once a year that part, if any, of Sun Life Philippines' surplus as may be distributed to
the policy except when the policy is being continued as paid-up term insurance. Dividends will be applied to buy paid-up
additions if no other option is elected. The dividend accumulations may be withdrawn by the owner on written request to pay
any advances with interest or any unpaid premium.
Dividends are not guaranteed. The Company’s Board of Directors also has the discretion to raise or lower the Company's dividend
scale and there may be instances when the allotment is zero. Please refer to
www.sunlife.com.ph/PH/Insurance/Policyholder+dividend+information for details on the investment strategy, dividend
philosophy and key product risks.
Options

You have a choice of several dividend options depending on your chosen participating product. You may change the policy's
dividend option anytime upon request. The current dividend options available are:
1. Paid-Up Additions
Dividends are used to purchase additional Paid-Up Insurance. Paid-up Additions themselves are participating.
2. Premium Reduction
Dividends are applied towards the payment of your current amount due.
3. Dividend Accumulation
Dividends left with the company accumulate at the rate we declare. We will not pay any dividend accumulation for the
period between the withdrawal date and the previous policy anniversary.
4. Cash
Dividends are paid yearly to you in cash.
Declaration and Acknowledgement of Variability
I have read and understood the disclosures in this proposal illustration. I likewise signify that my advisor has explained to me the
features of the policy, both guaranteed and non-guaranteed benefits, and the manner in which non-guaranteed benefits are
affected by the Company’s experience.
Further, I acknowledge that:
I have applied with Sun Life of Canada (Philippines), Inc. for a SUN Smarter Life Classic Peso Regular Pay policy, and have reviewed
the illustration(s) that shows how a life insurance policy performs using the company's assumptions based on Insurance
Commission's guidelines on accumulation rates.
I understand that only those values described as guaranteed, if any, are guaranteed. All other policy values can change and may
probably be different from those illustrated to me. Actual values may be higher or lower depending on the dividend rates
actually earned.
I understand that dividend rates change from year to year and may have zero allotment in a year since these are affected by the
company's mortality experience, investment returns, expenses, and taxes, and that Sun Life of Canada (Philippines), Inc. will advise
me of the actual amount of the dividend, if any.
I understand that the illustration(s) given to me will not become part of any issued policy, as these are provided only to show
how policy benefits would change over time under a specific set of assumptions.
By requesting a proposal on Sun Life of Canada (Philippines), Inc.'s products and services and by sharing and disclosing my
personal data, I authorize and consent to the use, processing and exchange of information needed to prepare the proposal. In the
event I do not proceed with my insurance application with Sun Life of Canada (Philippines), Inc., my personal data is kept for one
year in Sun Life of Canada (Philippines), Inc.'s data processing systems after which, it will be irreversibly anonymized for the sole
purpose of data analytics and proposal counts report.

PAUL JAN SARACHO

Applicant's Signature over Printed Name Date

This is only an illustration, not a contract of insurance.

5.7 / 3.5 114160O070620211616553358304 Page 6 of 6