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 : Venancio Besas Age Last Birthday : 32 (Male)
Currency : Philippine Peso
Basic Plan Benefit Amount Regular Premium
Sun FlexiLink - Non-Smoker Ps 1,000,000.00 Ps 22,290.00
Additional Benefits

Class: Standard Total Annual Regular Premium Ps 22,290.00

Annual Excess Premium (to be Billed Regularly) Ps 1,710.00
Total Annual Premium (to be Billed Regularly) Ps 24,000.00
Total Quarterly Premium to be Billed Ps 6,000.00
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 : ADLAON, MA CARMEN B. Date : 17 October 2017

Branch : ACACIA

This is only an illustration.

VL r8.26.00.0000 1110434110111771 Page 1 of 6
Venancio Besas 32 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 24,000.00

Fund Allocation
100% Index Fund

Investment Fund Description

Balanced Fund
The fund is designed to provide optimum returns through investment in a mix of government and domestic corporate debt and locally-listed equity
securities.
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.

VL r8.26.00.0000 1110434110111771 Page 2 of 6
Venancio Besas 32 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 24,000.00

Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products
Year-to-Date Return
Ave. Annual 3-Year 5-Year 10-Year
Fund Name Compounded Return Return Return
31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- 31-Dec- Return (for
(Fund Launch Date) 07 08 09 10 11 12 13 14 15 16 completed (2016 vs (2016 vs (2016 vs
years) 2013) 2011) 2006)
Peso Balanced
(Dec. 6, 2004) 18.79% -26.72% 27.03% 26.92% 1.95% 23.20% 1.14% 11.81% -3.75% -2.74% 9.52% 4.67% 30.42% 86.62%
Peso Bond
(Sep. 13, 2004) 4.98% 0.01% 6.11% 10.69% 6.90% 6.56% 8.25% 0.16% -0.96% -0.90% 5.67% -1.70% 13.39% 49.48%
Peso Equity
(Sep. 13, 2004) 18.91% -36.70% 47.10% 36.98% 1.34% 30.97% 1.31% 19.73% -5.02% -1.78% 11.93% 11.70% 48.22% 127.81%
Peso Money Market
(Jun. 25, 2007) 1.25%* 2.19% 1.49% 1.03% 0.50% 0.66% -0.34% -0.37% 0.10% -0.06% 0.57% -0.33% -0.02% N/A
MyFuture 2020
(Jun. 7, 2008) N/A -8.16%* 34.12% 33.77% 1.84% 31.37% 2.88% 16.74% -4.10% -2.64% 13.18% 9.00% 47.32% N/A
MyFuture 2025
(Jun. 7, 2008) N/A -9.74%* 32.88% 33.56% 2.25% 31.15% 2.97% 18.15% -5.51% -2.42% 13.06% 8.93% 47.11% N/A
MyFuture 2030
(Jun. 7, 2008) N/A -11.12%* 36.04% 34.36% 1.61% 30.93% 2.10% 20.58% -5.05% -2.68% 13.56% 11.42% 48.94% N/A
MyFuture 2035
(Jun. 7, 2008) N/A -11.21%* 36.48% 34.98% 1.71% 30.93% 3.31% 20.55% -4.86% -2.08% 13.97% 12.30% 51.91% N/A
MyFuture 2040
(Jun. 7, 2008) N/A -11.75%* 37.44% 34.21% 1.94% 30.96% 3.14% 20.36% -4.79% -2.04% 13.99% 12.27% 51.64% N/A
Growth PLUS
(Apr. 8, 2015) N/A N/A N/A N/A N/A N/A N/A N/A -12.09%* -2.81% -2.81% N/A N/A N/A
Index
(Jan. 25, 2016) N/A N/A N/A N/A N/A N/A N/A N/A N/A 1.71%* N/A N/A N/A N/A
Captains
(Apr. 18, 2016) N/A N/A N/A N/A N/A N/A N/A N/A N/A -6.56%* N/A 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.

VL r8.26.00.0000 1110434110111771 Page 3 of 6
Venancio Besas 32 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 24,000.00

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 Attained Premiums Fund Value Death Benefit
of Age Paid Charges** 4% 8% 10% 4% 8% 10%
Year
1 33 22,290 20,806 1,575 1,668 1,714 1,001,575 1,001,668 1,001,714
2 34 22,290 14,122 10,357 11,076 11,440 1,010,357 1,011,076 1,011,440
3 35 22,290 8,553 25,166 27,023 27,977 1,025,166 1,027,023 1,027,977
4 36 22,290 4,098 45,101 48,857 50,819 1,045,101 1,048,857 1,050,819
5 37 22,290 4,101 65,810 72,394 75,889 1,065,810 1,072,394 1,075,889
6 38 22,290 2,990 88,460 98,929 104,579 1,088,460 1,098,929 1,104,579
7 39 22,290 2,993 111,989 127,534 136,071 1,111,989 1,127,534 1,136,071
8 40 22,290 2,996 136,432 158,371 170,637 1,136,432 1,158,371 1,170,637
9 41 22,290 3,000 161,823 191,615 208,579 1,161,823 1,191,615 1,208,579
10 42 22,290 3,141 190,736 230,382 253,376 1,190,736 1,230,382 1,253,376
11 43 22,290 2,210 219,070 270,117 300,287 1,219,070 1,270,117 1,300,287
12 44 22,290 2,431 248,283 312,727 351,552 1,248,283 1,312,727 1,351,552
13 45 22,290 2,683 278,376 358,405 407,562 1,278,376 1,358,405 1,407,562
14 46 22,290 2,942 309,377 407,383 468,775 1,309,377 1,407,383 1,468,775
15 47 22,290 3,202 346,783 466,856 543,541 1,346,783 1,466,856 1,543,541
16 48 22,290 3,474 379,907 523,756 617,486 1,379,907 1,523,756 1,617,486
17 49 22,290 3,749 414,039 584,815 698,370 1,414,039 1,584,815 1,698,370
18 50 22,290 4,027 449,219 650,358 786,868 1,449,219 1,650,358 1,786,868
19 51 22,290 4,303 485,486 720,734 883,726 1,485,486 1,720,734 1,883,726
20 52 22,290 4,575 531,717 808,917 1,004,897 1,531,717 1,808,917 2,004,897
23 55 22,290 5,388 652,269 1,074,433 1,392,422 1,652,269 2,074,433 2,392,422
28 60 22,290 6,601 896,358 1,695,647 2,365,907 1,896,358 2,695,647 3,365,907
33 65 22,290 13,711 1,172,674 2,589,190 3,914,951 2,172,674 3,589,190 4,914,951
*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 2% of the
average monthly fund balance of the preceding 5 years. It is non-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.
VL r8.26.00.0000 1110434110111771 Page 4 of 6
Venancio Besas 32 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 24,000.00
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 Attained Premiums Fund Value Death Benefit
of Age Paid Charges** 4% 8% 10% 4% 8% 10%
Year
1 33 24,000 20,891 3,263 3,419 3,497 1,003,263 1,003,419 1,003,497
2 34 24,000 14,208 13,798 14,716 15,181 1,013,798 1,014,716 1,015,181
3 35 24,000 8,638 30,430 32,699 33,867 1,030,430 1,032,699 1,033,867
4 36 24,000 4,184 52,258 56,728 59,067 1,052,258 1,056,728 1,059,067
5 37 24,000 4,187 74,933 82,632 86,727 1,074,933 1,082,632 1,086,727
6 38 24,000 3,075 99,626 111,718 118,261 1,099,626 1,111,718 1,118,261
7 39 24,000 3,079 125,278 143,073 152,873 1,125,278 1,143,073 1,152,873
8 40 24,000 3,082 151,926 176,877 190,865 1,151,926 1,176,877 1,190,865
9 41 24,000 3,085 179,609 213,318 232,567 1,179,609 1,213,318 1,232,567
10 42 24,000 3,226 211,205 255,890 281,880 1,211,205 1,255,890 1,281,880
11 43 2,210 217,178 273,587 307,110 1,217,178 1,273,587 1,307,110
12 44 2,431 223,159 292,437 334,572 1,223,159 1,292,437 1,334,572
13 45 2,683 229,115 312,497 364,454 1,229,115 1,312,497 1,364,454
14 46 2,942 235,037 333,854 396,984 1,235,037 1,333,854 1,396,984
15 47 3,202 245,443 362,666 439,432 1,245,443 1,362,666 1,439,432
16 48 3,474 251,459 387,390 478,732 1,251,459 1,387,390 1,478,732
17 49 3,749 257,429 413,760 521,583 1,257,429 1,413,760 1,521,583
18 50 4,027 263,348 441,902 568,331 1,263,348 1,441,902 1,568,331
19 51 4,303 269,215 471,955 619,358 1,269,215 1,471,955 1,619,358
20 52 4,575 280,234 512,640 686,021 1,280,234 1,512,640 1,686,021
23 55 5,388 298,013 625,243 889,780 1,298,013 1,625,243 1,889,780
28 60 6,601 334,551 889,923 1,403,159 1,334,551 1,889,923 2,403,159
33 65 13,711 355,040 1,255,434 2,207,065 1,355,040 2,255,434 3,207,065
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 49. If premium payment is not made on duration
50, 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 2% of the
average monthly fund balance of the preceding 5 years. It is non-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.
VL r8.26.00.0000 1110434110111771 Page 5 of 6
Venancio Besas 32 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 1,000,000.00 Total Premium to be Billed: Ps 24,000.00

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.

VL r8.26.00.0000 1110434110111771 Page 6 of 6