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 : Rodel Sabinay Age Last Birthday : 37 (Male)
Currency : Philippine Peso
Basic Plan Benefit Amount Regular Premium
Sun FlexiLink - Non-Smoker Ps 500,000.00 Ps 11,530.00
Additional Benefits
Accidental Death Benefit - ADB Ps 500,000.00 Ps 500.00

Class: Standard Total Annual Regular Premium Ps 12,030.00

Annual Excess Premium (to be Billed Regularly) Ps 370.00
Total Annual Premium (to be Billed Regularly) Ps 12,400.00
Total Quarterly Premium to be Billed Ps 3,100.00
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 with no premium holiday, 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 : CASAIS, HALEN DAVE B. Date : 02 April 2019

Branch : GENUS PINE

This is only an illustration.

VL r8.28.00.0000 1156055004120286 Page 1 of 6
Rodel Sabinay 37 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,400.00

Fund Allocation
100% Balanced 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 r8.28.00.0000 1156055004120286 Page 2 of 6
 Rodel Sabinay 37 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,400.00

Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products
Year-on-Year Return
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- Annual Growth Rate
(Fund Launch Date) 09 10 11 12 13 14 15 16 17 18 (for completed (2018 vs (2018 vs (2018 vs
calendar years) 2015) 2013) 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.

VL r8.28.00.0000 1156055004120286 Page 3 of 6
Rodel Sabinay 37 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,400.00

Illustration of Rider Premiums

Rider Premiums

End of Attained Premiums Total Rider

Year Age Paid Premiums ADB^

1 38 12,400 500 500

2 39 12,400 500 500
3 40 12,400 500 500
4 41 12,400 500 500
5 42 12,400 500 500
6 43 12,400 500 500
7 44 12,400 500 500
8 45 12,400 500 500
9 46 12,400 500 500
10 47 12,400 500 500
11 48 12,400 500 500
12 49 12,400 500 500
13 50 12,400 500 500
14 51 12,400 500 500
15 52 12,400 500 500
16 53 12,400 500 500
17 54 12,400 500 500
18 55 12,400 500 500
19 56 12,400 500 500
20 57 12,400 500 500

18 55 12,400 500 500

23 60 12,400 500 500
28 65 12,400 500 500

^ADB premium payment terminates at attained age 70.

This is only an illustration.

VL r8.28.00.0000 1156055004120286 Page 4 of 6
Rodel Sabinay 37 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,400.00

Illustration of Benefits – Balanced Fund (100%)

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 38 12,400 11,257 1,214 1,285 1,321 501,214 501,285 501,321
2 39 12,400 7,799 6,170 6,607 6,828 506,170 506,607 506,828
3 40 12,400 4,918 14,262 15,347 15,906 514,262 515,347 515,906
4 41 12,400 2,614 25,021 27,170 28,295 525,021 527,170 528,295
5 42 12,400 2,685 36,127 39,844 41,821 536,127 539,844 541,821
6 43 12,400 2,200 48,161 54,014 57,180 548,161 554,014 557,180
7 44 12,400 2,310 60,552 69,176 73,923 560,552 569,176 573,923
8 45 12,400 2,436 73,296 85,392 92,171 573,296 585,392 592,171
9 46 12,400 2,566 86,404 102,739 112,065 586,404 602,739 612,065
10 47 12,400 2,696 101,334 122,969 135,553 601,334 622,969 635,553
11 48 12,400 2,255 115,862 143,598 160,041 615,862 643,598 660,041
12 49 12,400 2,393 130,816 165,696 186,778 630,816 665,696 686,778
13 50 12,400 2,532 146,211 189,377 215,983 646,211 689,377 715,983
14 51 12,400 2,670 162,064 214,764 247,898 662,064 714,764 747,898
15 52 12,400 2,806 181,276 245,669 286,954 681,276 745,669 786,954
16 53 12,400 2,942 198,218 275,173 325,520 698,218 775,173 825,520
17 54 12,400 3,076 215,683 306,842 367,714 715,683 806,842 867,714
18 55 12,400 3,212 233,689 340,844 413,889 733,689 840,844 913,889
19 56 12,400 3,323 252,285 377,389 464,463 752,285 877,389 964,463
20 57 12,400 3,378 276,151 423,341 527,890 776,151 923,341 1,027,890
18 55 12,400 3,212 233,689 340,844 413,889 733,689 840,844 913,889
23 60 12,400 3,819 338,420 561,745 730,794 838,420 1,061,745 1,230,794
28 65 12,400 7,374 455,237 875,660 1,230,265 955,237 1,375,660 1,730,265
*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 r8.28.00.0000 1156055004120286 Page 5 of 6
Rodel Sabinay 37 (Male)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,400.00

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 r8.28.00.0000 1156055004120286 Page 6 of 6