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Life Insurance Qualiy

Location:
Jeddah, Makkah Region, Saudi Arabia
Posted:
May 16, 2019

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riders may also provide protection for contingencies such as accidents, disability and illnesses.

SUITABLE INVESTMENT OPTIONS

Maximize your money's worth by choosing among the investment fund options that best suit your investment objectives and risk appetite. Plus, take advantage of Sun Life's professional fund managers' investment experience and expertise.

FUNDS FOR FUTURE NEEDS

Build funds for a comfortable retirement, an important life milestone, or for your child's education. In case of an emergency, money comes in handy via a partial fund withdrawal. MANAGEABLE PREMIUM PAYMENTS

You may opt to increase your fund's value anytime through top-ups or excess payments on top of your regular 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)

FACE AMOUNT 500,000.00

INITIAL LIFE INSURANCE COVERAGE 1

504,181.00

1 Initial Life Insurance Coverage refers to the death benefit at the end of Month 1 based on current charges.

SUPPLEMENTARY BENEFITS (RIDERS)

TOTAL DISABILITY BENEFIT (TDB)

ACCIDENTAL DEATH, DISMEMBERMENT

AND DISABLEMENT BENEFIT (ADDD)

500,000.00

DEATH BENEFIT2

LIVING BENEFIT2

FUND ALLOCATION

2The values above are computed based on 8% projected return which is subject to change and is not guaranteed by Sun Life. Projected values are net of all current charges.

Index

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. Variable Life Insurance Proposal

In the Philippines, insurance products are being offered through Sun Life of Canada (Philippines), Inc., a member of the Sun Life Financial 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 : Joel A Castillo Age Last Birthday : 39 (Male) Currency : Philippine Peso

Basic Plan Benefit Amount Regular Premium

Sun FlexiLink - Non-Smoker Ps 500,000.00 Ps 11,755.00 Additional Benefits

Total Disability Benefit (Waiver of Premium) - TDB Ps 1,330.00 Accidental Death, Dismemberment and Disablement Benefit - ADDD Ps 500,000.00 Ps 1,365.00 Class: Standard Total Annual Regular Premium Ps 14,450.00 Annual Excess Premium (to be Billed Regularly) Ps 0.00 Total Annual Premium (to be Billed Regularly) Ps 14,450.00 Total Quarterly Premium to be Billed Ps 3,612.50

Excess Premium (One-time) Ps 0.00

Sun FlexiLink is a variable life insurance product payable until age 88. The living benefit is equal to the fund value, which is partially or fully withdrawable from the policy's share in the separate account(s). The death benefit is the higher of the sum of the face amount and the fund value or the minimum death benefit. The minimum death benefit is equal to 500% of the regular premium plus 125% of each paid excess premium, if any, less 125% of each partial withdrawal, if any. No other benefits are payable under this product.

The policy is a variable contract. Only the face amount is guaranteed. The rest of the benefits, namely the fund value and the actual death benefit payable depend on the investment experience of separate account(s) linked to the policy. The investment risks associated with this product are borne solely by the policy owner. If you decide the policy is not suitable for your needs, then you may return said documents for cancellation by giving us written notice. We must receive such notice within 15 days from the date you receive the policy. We will refund the fund value of the units allocated to your policy inclusive of the initial charges. Notes:

(i) All payments and benefits shown are in Philippine pesos.

(ii) The illustrations assume that all premiums are paid in full when due and as planned, you will have no withdrawals on the policy beyond those illustrated, mode of payment is annual and the current scale of charges remains unchanged.

(iii) The Company reserves the right to adjust the basic and rider premium, and any charges in this plan.

(iv) The above values are illustrations only of the key features of the recommended insurance plans. This illustration may differ from any earlier proposal illustration.

(v) The values in the succeeding pages are illustration of possible performance of your fund. Since the fund performance may vary, the values of your units are not guaranteed and will depend on the actual investment performance at that given period. The value of the policy could be less than the premiums paid.

(vi) Any excess premium you have paid is considered such only if the Annual Regular Premium has been fully paid. The Company may require evidence of insurability of the Life Insured with respect to payment of any excess premium. This proposal shall form part of the insurance contract once the policy is issued. A copy of this proposal and the policy contract will be delivered to you. While we have made every effort to ensure accuracy, errors and omissions may have occurred in the preparation of this proposal. Should there be any discrepancy between the statement(s) contained in this material and the insurance policy contract, the provisions of the insurance policy contract will prevail.

Prepared By : RAMOS, ALYZZA MAE U. Date : 03 May 2019 Branch : ROSEWOOD

This is only an illustration.

3.0 / 3.9 121765O030520191715589985618 Page 1 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 Fund Allocation

100% Index Fund

Investment Fund Description

Balanced Fund

The Fund is designed to provide optimum returns consisting of current income and capital growth through investment in a mix of fixed-income and equity instruments.

Bond Fund

The fund is designed to stay invested only in high-quality fixed income instruments that are classified as below average risk. Equity Fund

The fund is designed to produce long term capital appreciation through investment in high quality stocks that are diversified across sectors. Money Market Fund (available only for fund switching/transfers) The fund is designed to ensure capital protection and provide adequate liquidity while maximizing yields on short-term placements. MyFuture Fund

The fund is a target date fund that will invest primarily in high-quality stocks and a mix of government and domestic corporate debt in accordance with an asset allocation strategy that will become increasingly conservative as the maturity of the fund approaches. Growth PLUS Fund

The fund is designed mainly to generate long-term capital appreciation through investment in high-quality equity and equity-linked securities, diversified across sectors, which distribute periodic dividends and provide sustainable dividend yields. Index Fund

The Fund is designed mainly to generate long-term capital appreciation through investment in high-quality equities comprised of constituents of the Philippine Stock Exchange Index (PSEi).

Captains Fund

The Fund is designed mainly to generate long-term capital appreciation primarily through investment in equity and equity-linked securities diversified across sectors.

Opportunity Tracker Fund

The Fund is designed to provide optimum returns consisting of current income and capital growth through investment in a mix of fixed-income and equity instruments.

This is only an illustration.

3.0 / 3.9 121765O030520191715589985618 Page 2 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products Year-on-Year Return

Fund Name

(Fund Launch Date)

31-Dec-

09

31-Dec-

10

31-Dec-

11

31-Dec-

12

31-Dec-

13

31-Dec-

14

31-Dec-

15

31-Dec-

16

31-Dec-

17

31-Dec-

18

Compounded

Annual Growth

Rate (for

completed

calendar years)

3-Year

Return

(2018 vs

2015)

5-Year

Return

(2018 vs

2013)

10-Year

Return

(2018 vs

2008)

Peso Balanced

(Dec. 6, 2004)

27.03% 26.92% 1.95% 23.20% 1.14% 11.81% -3.75% -2.74% 12.70% -9.89% 8.23% -1.22% 6.31% 117.73% Peso Bond

(Sep. 13, 2004)

6.11% 10.69% 6.90% 6.56% 8.25% 0.16% -0.96% -0.90% 0.71% -5.32% 4.49% -5.50% -6.27% 35.75% Peso Equity

(Sep. 13, 2004)

47.10% 36.98% 1.34% 30.97% 1.31% 19.73% -5.02% -1.78% 20.94% -9.46% 10.86% 7.54% 22.30% 231.39% Peso Money Market

(Jun. 25, 2007)

1.49% 1.03% 0.50% 0.66% -0.34% -0.37% 0.10% -0.06% 0.60% 1.56% 0.67% 2.11% 1.83% 5.26% MyFuture 2020

(Jun. 7, 2008)

34.12% 33.77% 1.84% 31.37% 2.88% 16.74% -4.10% -2.64% 9.01% -3.94% 10.92% 1.94% 14.13% 181.87% MyFuture 2025

(Jun. 7, 2008)

32.88% 33.56% 2.25% 31.15% 2.97% 18.15% -5.51% -2.42% 14.71% -8.07% 10.91% 2.90% 14.87% 181.53% MyFuture 2030

(Jun. 7, 2008)

36.04% 34.36% 1.61% 30.93% 2.10% 20.58% -5.05% -2.68% 16.78% -11.79% 11.04% 0.25% 14.76% 184.93% MyFuture 2035

(Jun. 7, 2008)

36.48% 34.98% 1.71% 30.93% 3.31% 20.55% -4.86% -2.08% 17.67% -12.95% 11.30% 0.31% 15.04% 191.59% MyFuture 2040

(Jun. 7, 2008)

37.44% 34.21% 1.94% 30.96% 3.14% 20.36% -4.79% -2.04% 20.54% -13.12% 11.56% 2.60% 17.58% 198.61% Growth PLUS

(Apr. 8, 2015)

N/A N/A N/A N/A N/A N/A -12.09%* -2.81% 21.42% -15.18% 0.03% 0.09% N/A N/A Index

(Jan. 25, 2016)

N/A N/A N/A N/A N/A N/A N/A 1.71%* 23.64% -13.52% 3.40% N/A N/A N/A Captains

(Apr. 18, 2016)

N/A N/A N/A N/A N/A N/A N/A -6.56%* 14.24% -14.60% -1.23% N/A N/A N/A Opportunity Tracker

(Oct. 9, 2017)

N/A N/A N/A N/A N/A N/A N/A N/A -0.46%* -12.14% -12.14% N/A N/A N/A

* Returns are from Fund inception date and not full year returns. The values above are actual investment returns of Investment Funds of variable life insurance products, net of fund management charges. Past investment performance is not necessarily indicative of the future or likely performance of the funds. The Unit Price of an Investment Fund on a Valuation Date is determined by dividing the net asset value of the Investment Fund on the Valuation Date by the aggregate number of outstanding Units of the Investment Fund on the Valuation Date. Currently, Valuation is done on a daily basis. The Unit Prices of the Investment Funds are published weekly on major newspapers. You may also visit our website at www.sunlife.com.ph for the daily Unit Prices.

Certified true and correct:

Michael Gerard D. Enriquez

Chief Investment Officer

This is only an illustration.

3.0 / 3.9 121765O030520191715589985618 Page 3 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 Accidental Death, Dismemberment and Disablement Benefit Once the life insured dies or suffers an injury from accident which occurs within one year from the date of accident and such death or injury resulted, directly and independently of disease, medical or surgical treatment, in any of the following losses, we will pay you the Benefit Amount equivalent to a percentage of the Principal Sum of Ps 500,000.00 as follows:

% of Principal Sum % of Principal Sum

life 100% four fingers 35%

entire sight of both eyes 100% hearing of one ear 25% both hands or both feet 100% all toes on one foot 25% one hand and one foot 100% thumb 15%

either hand or foot & sight of one eye 100% index finger 10% arm at or below elbow 70% middle finger 6%

leg at or above knee 60% ring finger 5%

one hand at or above wrist 50% big toe 5%

one foot at or above the ankle 50% little finger 4% hearing of both ears 50% metacarpals 1st or 2nd (additional) 3% sight of one eye 50% metacarpals 3rd, 4th or 5th (additional) 2% four fingers and thumb of one hand 50% any toe other than big toe, each 1% If the life insured sustains more than one of the above losses as a result of one accident, we will pay for that one loss for which the largest amount is payable.

When the insured becomes Totally Disabled as a result of accidental bodily injury commencing within one year from the date of accident and such disability has continued uninterruptedly for a period of 6 months as evidenced by satisfactory proof of disability submitted to us andsuch disability occurs before the policy anniversary on or following the life insured's 60th birthday, we will pay you an annual Benefit Amount of 10% of the Principal Sum for 10 years. The life insured is deemed Totally Disabled when he is completely unable, during the first 2 years from the date of accident, to carry on his own occupation, and thereafter to carry on any occupation, and the total disability is continuous. The first annual payment will be payable on the 7th month of disability, or if such disability does not require the six-month waiting period, then on the onset of disability. Subsequent annual payments will be payable during the continuance of such disability, subject to a maximum of 10 annual payouts. However, if one of the following occurs during the 10-year payout period : a) you fail to provide proof of continuing Total Disability of the life insured as required; or b) the life insured becomes able again to carry on his own occupation during the first two years, and thereafter to carry on any occupation; or c) the life insured dies, then we will no longer be liable to pay further disablement benefits as the Total Disability is deemed to have ceased.

In any policy year, the aggregate of all percentages we will pay under the Accidental Death, Dismemberment and Disablement Benefit provision in respect of any one accident resulting in loss or losses will be the Principal Sum. In any policy year, the aggregate benefits we will pay under the Dismemberment or Disability Benefit in respect of one or more accidents resulting in loss or losses will not exceed the Principal Sum. In any policy year, the amount of benefit we will pay for loss of life arising from independent and unrelated accident will always be the Principal Sum.

We will not pay any benefit for any loss resulting from or caused directly or indirectly, wholly or partly, by: (a) suicide while sane or insane, or intentionally self-inflicted injuries; (b) bodily or mental infirmity or disease of any kind, or infection other than infection occurring simultaneously with and in consequence of accidental cut or wound; (c) committing a criminal offense; (d) homicide; (e) poison, carbon monoxide or drug overdose; (f) alcohol abuse; (g) insurrection, civil commotion or hostile action of armed forces, whether or not the life insured was actually participating therein; or (h) injury sustained from any aviation or marine activities, other than as a fare paying passenger in an air or marine device operated by a commercial airline or shipping line on a scheduled passenger trip over its established passenger route. The above information is intended as a general summary and for reference only. Please refer to the contract for the detailed description of the terms, conditions, limitations and exclusions of the above rider. This is only an illustration.

3.0 / 3.9 121765O030520191715589985618 Page 4 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 Illustration of Rider Premiums

Rider Premiums

End of

Year

Attained

Age

Premiums

Paid

Total Rider

Premiums

TDB* ADDD^

1 40 14,450 2,695 1,330 1,365

2 41 14,450 2,695 1,330 1,365

3 42 14,450 2,695 1,330 1,365

4 43 14,450 2,695 1,330 1,365

5 44 14,450 2,695 1,330 1,365

6 45 14,450 2,695 1,330 1,365

7 46 14,450 2,695 1,330 1,365

8 47 14,450 2,695 1,330 1,365

9 48 14,450 2,695 1,330 1,365

10 49 14,450 2,695 1,330 1,365

11 50 14,450 2,695 1,330 1,365

12 51 14,450 2,695 1,330 1,365

13 52 14,450 2,695 1,330 1,365

14 53 14,450 2,695 1,330 1,365

15 54 14,450 2,695 1,330 1,365

16 55 14,450 2,695 1,330 1,365

17 56 14,450 2,695 1,330 1,365

18 57 14,450 2,695 1,330 1,365

19 58 14,450 2,695 1,330 1,365

20 59 14,450 2,695 1,330 1,365

16 55 14,450 2,695 1,330 1,365

21 60 14,450 2,695 1,330 1,365

26 65 13,120 1,365 1,365

*TDB premium payment terminates at attained age 60.

^ADDD premium payment terminates at attained age 70. This is only an illustration.

3.0 / 3.9 121765O030520191715589985618 Page 5 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 Illustration of Benefits - Index Fund (100%)

It is assumed in the table below that the regular premiums are paid in full throughout the duration of the contract. The values illustrated below are not guaranteed. The investment returns used are for illustrative purposes and are not based on past performance with respect to the fund where your policy is linked. The returns are likely to change during the investment period. Also, the assumed returns do not represent the upper and lower limits of the actual return that may be realized. Values are calculated assuming the fund is earning 4%*, 8%* and 10%*. It is assumed that the mode of payment is annual. If mode of payment is other than annual, values shown may change. PROJECTED BENEFITS

End

of

Year

Attained

Age

Premiums

Paid Charges**

Fund Value Death Benefit

4% 8% 10% 4% 8% 10%

1 40 14,450 13,628 920 1,019 1,068 500,920 501,019 501,068 2 41 14,450 10,103 5,643 6,131 6,378 505,643 506,131 506,378 3 42 14,450 7,235 13,479 14,631 15,226 513,479 514,631 515,226 4 43 14,450 4,975 23,927 26,148 27,315 523,927 526,148 527,315 5 44 14,450 5,086 34,669 38,451 40,469 534,669 538,451 540,469 6 45 14,450 4,624 46,302 52,197 55,395 546,302 552,197 555,395 7 46 14,450 4,754 58,254 66,881 71,644 558,254 566,881 571,644 8 47 14,450 4,884 70,540 82,579 89,344 570,540 582,579 589,344 9 48 14,450 5,020 83,166 99,361 108,632 583,166 599,361 608,632 10 49 14,450 5,157 97,555 118,940 131,412 597,555 618,940 631,412 11 50 14,450 4,708 111,562 138,910 155,166 611,562 638,910 655,166 12 51 14,450 4,847 125,973 160,296 181,096 625,973 660,296 681,096 13 52 14,450 4,983 140,807 183,212 209,418 640,807 683,212 709,418 14 53 14,450 5,118 156,081 207,777 240,366 656,081 707,777 740,366 15 54 14,450 5,253 174,608 237,702 278,259 674,608 737,702 778,259 16 55 14,450 5,389 190,922 266,244 315,651 690,922 766,244 815,651 17 56 14,450 5,499 207,760 296,902 356,583 707,760 796,902 856,583 18 57 14,450 5,555 225,196 329,898 401,457 725,196 829,898 901,457 19 58 14,450 5,608 243,258 365,418 450,662 743,258 865,418 950,662 20 59 14,450 5,737 266,351 409,998 512,293 766,351 909,998 1,012,293 16 55 14,450 5,389 190,922 266,244 315,651 690,922 766,244 815,651 21 60 14,450 5,995 285,620 451,374 571,924 785,620 951,374 1,071,924 26 65 13,120 8,221 389,878 711,961 972,763 889,878 1,211,961 1,472,763

*The investment returns used are net of the fund management charge of 2.00% (plus VAT) of the fund value.

** Charges are based on a 4% investment return.

The projected values are net of: (a) premium charges of 85% of annual regular premium on the first policy year and 5% of annual regular premium from the second to the tenth year, all excess premiums shall be subject to a premium charge of 5%; (b) monthly periodic charge of 50% of the annual regular premium on the second year, 25% on the third year and 5% on the fourth and fifth year and monthly insurance charges; and (c) a fund management charge of 2.00% (plus VAT) of the fund value. The figures shown above are net of all charges. The monthly charges are deducted from the fund. No premium charge and monthly periodic charge are imposed on any extra premium and additional benefit premium.

A loyalty bonus on the 10th policy anniversary year and every 5 years thereafter is included in the above illustration. The loyalty bonus is currently equal to 2% of the average monthly fund balance of the preceding 5 years. It is not guaranteed and will depend on the actual performance of the fund.

You should only invest in this product if you intend to pay the regular premium for the whole 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.

3.0 / 3.9 121765O030520191715589985618 Page 6 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 Premium Holiday Illustration

If your fund value is sufficient, you can apply to suspend payments of regular premium and excess premium, if any. During this premium holiday, the payment of the monthly charges will be taken from the fund value. The following table is an illustration of a premium holiday after 10 years of premium payment.

The values illustrated below are not guaranteed. The investment returns used are for illustrative purposes and are not based on past performance with respect to the fund where your policy is linked. The returns are likely to change during the investment period. Also, the assumed returns do not represent the upper and lower limits of the actual return that may be realized. Values are calculated assuming the fund is earning 4%*, 8%* and 10%*. It is assumed that the mode of payment is annual. If mode of payment is other than annual, values shown may change.

PROJECTED BENEFITS

End

of

Year

Attained

Age

Premiums

Paid

Charges** Fund Value Death Benefit

4% 8% 10% 4% 8% 10%

1 40 14,450 13,628 920 1,019 1,068 500,920 501,019 501,068 2 41 14,450 10,103 5,643 6,131 6,378 505,643 506,131 506,378 3 42 14,450 7,235 13,479 14,631 15,226 513,479 514,631 515,226 4 43 14,450 4,975 23,927 26,148 27,315 523,927 526,148 527,315 5 44 14,450 5,086 34,669 38,451 40,469 534,669 538,451 540,469 6 45 14,450 4,624 46,302 52,197 55,395 546,302 552,197 555,395 7 46 14,450 4,754 58,254 66,881 71,644 558,254 566,881 571,644 8 47 14,450 4,884 70,540 82,579 89,344 570,540 582,579 589,344 9 48 14,450 5,020 83,166 99,361 108,632 583,166 599,361 608,632 10 49 14,450 5,157 97,555 118,940 131,412 597,555 618,940 631,412 11 50 4,708 96,549 123,330 139,303 596,549 623,330 639,303 12 51 4,847 95,362 127,920 147,821 595,362 627,920 647,821 13 52 4,983 93,991 132,726 157,027 593,991 632,726 657,027 14 53 5,118 92,427 137,766 166,991 592,427 637,766 666,991 15 54 5,253 92,556 145,667 180,842 592,556 645,667 680,842 16 55 5,389 90,660 151,437 192,849 590,660 651,437 692,849 17 56 5,499 88,578 157,543 205,914 588,578 657,543 705,914 18 57 5,555 86,358 164,069 220,197 586,358 664,069 720,197 19 58 5,608 83,998 171,049 235,821 583,998 671,049 735,821 20 59 5,737 83,161 181,658 257,109 583,161 681,658 757,109 16 55 5,389 90,660 151,437 192,849 590,660 651,437 692,849 21 60 5,995 80,280 189,609 275,933 580,280 689,609 775,933 26 65 8,221 62,544 240,993 405,233 562,544 740,993 905,233 Based on a 10% projected rate of return, premium holiday may continue until the end of the contract term, or the maturity date of MyFuture Fund/s if fund allocation is purely in MyFuture Fund/s.

Based on a 8% projected rate of return, premium holiday may continue until the end of the contract term, or the maturity date of MyFuture Fund/s if fund allocation is purely in MyFuture Fund/s.

Based on a 4% projected rate of return, premium holiday may continue until the end of duration 32. If premium payment is not made on duration 33, the policy will terminate since fund value is not sufficient to pay for the monthly charges.

*The investment returns used are net of the fund management charge of 2.00% (plus VAT) of the fund value for Index Fund.

** Charges are based on a 4% investment return.

The projected values are net of: (a) premium charges of 85% of annual regular premium on the first policy year and 5% of annual regular premium from the second to the tenth year, all excess premiums shall be subject to a premium charge of 5%; (b) monthly periodic charge of 50% of the annual regular premium on the second year, 25% on the third year and 5% on the fourth and fifth year and monthly insurance charges; and (c) a fund management charge of 2.00% (plus VAT) of the fund value for Index Fund. The figures shown above are net of all charges. The monthly charges are deducted from the fund. No premium charge and monthly periodic charge are imposed on any extra premium and additional benefit premium. A loyalty bonus on the 10th policy anniversary year and every 5 years thereafter is included in the above illustration. The loyalty bonus is currently equal to 2% of the average monthly fund balance of the preceding 5 years. It is not guaranteed and will depend on the actual performance of the fund. You should only invest in this product if you intend to pay the regular premium for the whole 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.

3.0 / 3.9 121765O030520191715589985618 Page 7 of 8 Joel A Castillo 39 (Male)

Sun FlexiLink - Non-Smoker

Face Amount: Ps 500,000.00 Total Premium to be Billed : Ps 14,450.00 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 and the charges on the policy, the manner in which the variable benefits will reflect the investment experience of the separate account(s), and the guarantees on minimum death benefit. Further, I acknowledge that:

I have applied with Sun Life of Canada (Philippines), Inc. for a Variable Life Insurance Policy, and have reviewed the illustration(s) that shows how a variable life insurance policy performs using company's assumptions and based on the Insurance Commission's guidelines on interest rates. I understand that since the fund performance may vary, the values of my units are not guaranteed and will depend on the actual performance of that given period and that the value of my policy could be less than the premiums paid. The unit values of my Variable Life Insurance are periodically published. I understand that all investment risks under the policy are to be borne solely by me, as the policy owner. 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.

Applicant's Signature over Printed Name Date

End of Proposal

This is only an illustration.

3.0 / 3.9 121765O030520191715589985618 Page 8 of 8



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