Sun Acceler8
Sun Acceler8
Sun Acceler8
Make a bright choice with Sun Acceler8, a 20-year endowment life insurance product with anticipated endowments, that
primarily helps address your need for:
Note: Benefits indicated above are subject to the specific guidelines set by Sun Life and the actual provisions of the insurance
policy contract.
2The values above are computed based on 3.50% dividend accumulation rate which is subject to change and is not guaranteed by Sun Life. The values are
also based on the assumption that guaranteed cash benefits are accumulated.
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
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 : PRINCESS DONALYN MASANGKAY Age Last Birthday : 24 (Female)
Currency : Philippine Peso
* 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.
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) Dividends may be earned starting from the 9th policy year.
(v) Special Paid-up Bonus may be earned only in the first 8 years from date of issue of the policy and shall be credited, accumulated and
available at the end of the 8th policy year.
(vi) Under the Summary of Benefits, there are two scenarios illustrated:
(1) Based on current dividend/special paid-up bonus 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/special
paid-up bonus; and accumulation rate which is 50 basis points lower than the current accumulation rate.
(vii) You can leave the amount of projected dividends/special paid-up bonus 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 3.50% and 3.00%
per annum. These rates are not guaranteed. You can also cash all or part of the amount of projected dividends/special paid-up bonus
without affecting the Face Amount but the values shown in the table will be reduced accordingly.
The scale of dividends/special paid-up bonus 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.
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 and the special paid-up bonus, please refer to the Dividend/Special Paid-Up Bonus Information page.
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.
Total Living Benefit is the sum of Guaranteed Cash Value, Guaranteed Endowment Benefit, Illustrative Accumulated
Dividends and Illustrative Accumulated Special Paid-up Bonus.
Total Death Benefit is the sum of Guaranteed Death Benefit, Illustrative Accumulated Dividends and Illustrative
Accumulated Special Paid-up Bonus.
The figures shown herein are based on assumptions in the accompanying first page of this proposal.
Total Living Benefit is the sum of Guaranteed Cash Value, Accumulated Endowment Benefit, Illustrative Accumulated
Dividends and Illustrative Accumulated Special Paid-up Bonus.
Total Death Benefit is the sum of Guaranteed Death Benefit, Accumulated Endowment Benefit, Illustrative Accumulated
Dividends and Illustrative Accumulated Special Paid-up Bonus.
The Accumulated Endowment Benefit will be payable in accordance with the hierarchy of beneficiaries as stated in the
contract.
The figures shown herein are based on assumptions in the accompanying first page of this proposal.
Benefit Illustration
Endowment Benefit Payout
(Dividend and Special Paid-up Bonus Accumulation Option)
Current Dividend/Special Paid-up Bonus Scale
Accumulation Rate At 3.50%
Total Living Benefit is the sum of Guaranteed Cash Value, Guaranteed Endowment Benefit, Illustrative Accumulated
Dividends and Illustrative Accumulated Special Paid-up Bonus.
Total Death Benefit is the sum of Guaranteed Death Benefit, Illustrative Accumulated Dividends and Illustrative
Accumulated Special Paid-up Bonus.
The figures shown herein are based on assumptions in the accompanying first page of this proposal.
Benefit Illustration
Accumulated Endowment Benefit
(Dividend and Special Paid-up Bonus Accumulation Option)
Current Dividend/Special Paid-up Bonus Scale
Accumulation Rate At 3.50%
Total Living Benefit is the sum of Guaranteed Cash Value, Accumulated Endowment Benefit, Illustrative Accumulated
Dividends and Illustrative Accumulated Special Paid-up Bonus.
Total Death Benefit is the sum of Guaranteed Death Benefit, Accumulated Endowment Benefit, Illustrative Accumulated
Dividends and Illustrative Accumulated Special Paid-up Bonus.
The Accumulated Endowment Benefit will be payable in accordance with the hierarchy of beneficiaries as stated in the
contract.
The figures shown herein are based on assumptions in the accompanying first page of this proposal.
Dividends
Starting on the 9th policy year, 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. Dividend Accumulation will apply if no option is elected. Sun
Life Philippines on written request will pay the accumulated dividends if not used for an advance or unpaid premium.
Special Paid-up Bonus
In the first eight years from the date of issue of the policy, Sun Life Philippines will allot Special Paid-up Bonus once a
year that part, if any, of Sun Life Philippines' surplus as may be distributed to the policy. Special Paid-up Bonus allotted
up to the 8th policy year will be accumulated, credited and available for withdrawal only at the end of the 8th policy
year.
No Special Paid-up Bonus will be credited or paid out in the event the policy is terminated within the paying period.
Options
The current dividend/special paid-up bonus options available are: (1) Cash; or (2) Dividend/Special Paid-up Bonus
Accumulation. We will not pay any dividend/special paid-up bonus accumulation for the period between the
withdrawal date and the previous policy anniversary.
Dividends and Special Paid-up Bonus are not guaranteed and our Board of Directors also has the discretion to raise or
lower the Company's dividend/special paid-up bonus scale.
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.