R Client1 - Sun Life Financial · Prepared especially for: R Client1 Corporate Retirement Strategy Current dividend scale The corporation may post the entire death benefit to its

A presentation designed for:

R Client1

Prepared by:Trusted Advisor

Sun Life Assurance Company of Canada

February 3, 2014 (CSF/HO 6.2.0.470-91928)

Prepared especially for: R Client1

Corporate Retirement StrategyCurrent dividend scale

This presentation contains 7 sections as follows:Table of Contents

1. Corporate Retirement Strategy - An overview Page 32. Assumptions Page 53. Comparison of values Page 64. Corporate Retirement Strategy details Page 85. Alternate investment details Page 106. Loan interest sensitivity analysis Page 127. Corporate Retirement Strategy - Key considerations Page 14

If you have any questions, please feel free to contact me,Trusted Advisor About This PresentationThis presentation was prepared for information purposes only and is neither an insurance contract nor an offer toprovide insurance. It does not form part of any policy that may be issued and is not intended to provide or replaceprofessional legal or tax advice.This presentation contains figures extracted from the participating whole life illustration accompanying this presentation and bearing the same date. This presentation should be read together with that illustration and is incomplete without it. For example, the accompanying illustration contains policy values based on more than one dividend scale scenario. Illustrating multiple scenarios shows how even a small change in the dividend scale assumptions can result in a significant reduction in policy values. Such changes would have a similar impact on the figures shown in this presentation.Unless otherwise indicated, none of the figures shown in this presentation are guaranteed. They are based onassumptions that are certain to change and are neither an estimate nor a guarantee of future performance. Actualresults will differ upward or downward from those shown depending on future experience. Even a small changecan have a large negative impact on the non-guaranteed figures illustrated in this presentation.

February 3, 2014 (CSF/HO 6.2.0.470-91928)Page 2 of 15

NB: Sun Life Assurance Company of Canada



Corporate Retirement Strategy – An overviewThe Corporate Retirement Strategy, when used with a Sun Par Protector life insurance policy, helps small business owners protect the financial interests of their businesses while giving them an opportunity to access cash in a tax-effective manner during their lifetimes.

The Corporate Retirement Strategy may be suitable for small business owners who:· have a significant ownership interest in their private corporations · need corporately owned permanent life insurance for key person protection or to fund a buy-sell agreement · are looking for a source of cash that can be accessed for business purposes · have maximized their RRSPs and TFSAs and are looking for additional flexibility and cash accessibility at a

later date

Corporate Retirement Strategy – Corporate BorrowingThe corporation is the owner and the beneficiary of the life insurance policy. As the shareholder, you are theinsured person. During the accumulation period, the corporation makes payments into the policy that createsignificant policy cash values. Due to the exempt status of the policy, any policy earnings will be exempt fromincome tax.In the future, when you want to access the cash value of the life insurance policy, the corporation assigns the policyto a third party financial institution as collateral security for a series of loans. Currently, the Income Tax Act(Canada) does not treat loan proceeds as income, so this amount is potentially tax-free to the corporation. Thisillustration assumes that the interest due on the loan is capitalized. Assuming the financial institution does not callthe loan, and that the security for the loan remains adequate, the corporation should not have to make loanrepayments during your lifetime.

The corporation pays the loan proceeds to you as a taxable dividend. At death, the tax-free policy death benefitgoes first to pay the outstanding loan plus accumulated interest. The corporation may keep any part that is left over.





The corporation may post the entire death benefit to its capital dividend account, minus an amount equal to thepolicy’s adjusted cost basis, even if it has used most or all of the death benefit to repay the loan. It may then pay acapital dividend to its shareholders. Shareholders do not have to pay tax on capital dividends.

The Corporate Retirement Strategy can provide significant benefits to the corporation and shareholder. However,there are many considerations to take into account. Please refer to the Key Considerations section of thispresentation for more details.This presentation compares the results of a corporately owned life insurance policy to a traditional non-registeredalternate investment. An identical sum is invested in both the policy and the alternate investment. Earnings thataccrue to the policy are tax exempt (provided they stay in the policy). In the non-registered alternate investment,growth is reduced by annual taxes at the rates shown, before reinvestment.The net estate value in the Corporate Retirement Strategy is the amount that is payable tax-free to the shareholder’sestate. The net estate value in the alternate investment is the net amount available to the shareholder’s estate afterdividend and deferred capital gains taxes have been paid.



AssumptionsCompany nameInsureds:Client1, R Age: 44 Life Expectancy: 83

Initial insurance amount: $1,000,000Dividend scale: Current

Life insurance policy assumptions:Insurance policy type: Sun Par Protector

Planned payments for: 15 years

Tax assumptions:Marginal tax rate on interest: 45%

Capital gains inclusion rate: 50.00%Shareholder dividend tax rate: 30.00%

Corporate tax rate on investment income: 50.00%Alternate investment assumptions:Growth rate: 5.00%Growth rate at age 65: 5.00%

21 for

Bank loan assumptions:Bank loan amount: $30,000Beginning in year 19 yearsIndexed: 0%Collateral value: 75% at age 83Assumed bank loan rate: 7.00%







Comparison of values

Policyyear

Annualpayment

After-taxdividend toshareholder

CDA creditAfter-tax

dividend toshareholder

CumulativeCDA creditAge

Alternateinvestment

balanceNet estate

value

Corporate Retirement Strategy Alternate investmentNet estate

value1 48,460 0 1,048,530 0 24245 50,253 35,6981,081,7162 48,460 0 1,099,449 0 73546 102,365 73,2381,165,6813 48,460 0 1,152,986 0 1,48947 156,405 112,6871,252,0654 48,460 0 1,209,289 0 2,51448 212,445 154,1181,340,9665 48,460 0 1,268,525 0 3,81849 270,559 197,6021,432,5186 48,460 0 1,333,125 0 5,41350 330,823 243,2171,529,1307 48,460 0 1,402,135 0 7,31051 393,316 291,0401,629,8228 48,460 0 1,476,809 0 9,51952 458,122 341,1531,735,8379 48,460 0 1,555,196 0 12,05253 525,325 393,6421,845,24410 48,460 0 1,637,323 0 14,92154 595,016 448,5941,958,04311 48,460 0 1,755,825 0 18,13855 667,284 506,1002,106,74612 48,460 0 1,871,675 0 21,71756 742,227 566,2542,252,16313 48,460 0 1,984,068 0 25,67057 819,942 629,1562,393,34114 48,460 0 2,092,236 0 30,01258 900,533 694,9052,529,34815 48,460 0 2,205,478 0 34,75759 984,106 763,6092,669,39416 0 0 2,246,978 0 39,67860 1,020,518 799,6772,702,12717 0 0 2,295,622 0 44,78061 1,058,277 837,0802,740,94318 0 0 2,350,641 0 50,07262 1,097,433 875,8672,785,20819 0 0 2,411,676 0 55,55963 1,138,038 916,0892,834,62420 0 0 2,477,923 0 61,24964 1,180,146 957,7992,888,53421 0 21,000 2,545,328 21,000 47,74165 1,200,316 978,0712,920,26822 0 21,000 2,617,256 21,000 34,43566 1,221,133 999,0122,954,14523 0 21,000 2,693,816 21,000 21,33367 1,242,618 1,020,6442,990,07324 0 21,000 2,775,173 21,000 8,43568 1,264,801 1,042,9953,027,98125 0 21,000 2,861,969 21,000 8,81469 1,281,583 1,065,5123,068,11226 0 21,000 2,940,658 21,000 9,02670 1,305,260 1,088,8003,096,63227 0 21,000 3,025,187 21,000 9,23271 1,329,632 1,112,8893,127,06028 0 21,000 3,115,860 21,000 9,43872 1,354,806 1,137,8113,159,33529 0 21,000 3,212,948 21,000 9,64573 1,380,819 1,163,5973,184,98830 0 21,000 3,316,577 21,000 9,85274 1,407,706 1,190,2803,191,42031 0 21,000 3,426,938 21,000 10,06175 1,435,501 1,217,8953,196,92532 0 21,000 3,544,289 21,000 10,27176 1,464,243 1,246,4773,201,156





Policyyear

Annualpayment


CDA creditAfter-tax


CumulativeCDA creditAge

Alternateinvestment

balanceNet estate

value

Corporate Retirement Strategy Alternate investmentNet estate

value33 0 21,000 3,669,026 21,000 10,48277 1,493,969 1,276,0633,203,80634 0 21,000 3,801,629 21,000 10,69678 1,524,719 1,306,6913,204,59935 0 21,000 3,942,556 21,000 10,91279 1,556,534 1,338,4023,203,17236 0 21,000 4,092,234 21,000 11,13080 1,589,456 1,371,2353,199,16937 0 21,000 4,182,170 21,000 11,35181 1,623,528 1,405,2333,192,19938 0 21,000 4,273,199 21,000 11,57682 1,658,796 1,440,4413,181,83039 0 21,000 4,367,406 21,000 11,80383 1,695,307 1,476,9053,167,54140 0 0 4,464,788 0 20,30284 1,762,687 1,539,2043,180,93241 0 0 4,565,161 0 29,11685 1,827,906 1,603,8083,191,43542 0 0 4,668,451 0 38,25586 1,895,539 1,670,8023,198,56543 0 0 4,774,395 0 47,73387 1,965,674 1,740,2753,201,61744 0 0 4,882,769 0 57,56188 2,038,404 1,812,3193,199,89645 0 0 4,993,310 0 67,75389 2,113,825 1,887,0283,192,63646 0 0 5,105,700 0 78,32290 2,192,036 1,964,5023,178,97947 0 0 5,219,695 0 89,28391 2,273,142 2,044,8423,158,10348 0 0 5,335,037 0 100,64892 2,357,248 2,128,1553,129,13449 0 0 5,451,525 0 112,43593 2,444,466 2,214,5503,091,20950 0 0 5,568,930 0 124,65794 2,534,912 2,304,1423,043,39251 0 0 5,687,160 0 137,33195 2,628,703 2,397,0482,984,83452 0 0 5,806,021 0 150,47596 2,725,965 2,493,3932,914,53253 0 0 5,925,491 0 164,10597 2,826,826 2,593,3022,831,59854 0 0 6,045,294 0 178,23998 2,931,419 2,696,9072,734,82955 0 0 6,164,420 0 192,89699 3,039,881 2,804,3462,622,22256 0 0 6,278,721 0 208,095100 3,152,357 2,915,7612,488,569





Corporate Retirement Strategy details

Policyyear

Annualpayment

Total cashvalue

Deathbenefit

Annualloan

Accumulatedloan balanceAge

% ofpolicy

cash valueAdditionalcollateralneeded

Life insurance policy Corporate Retirement StrategyCDA credit


Net estatevalue

1 48,460 21,132 1,095,939 0 045 0% 01,048,530 0 1,081,7162 48,460 44,311 1,194,067 0 046 0% 01,099,449 0 1,165,6813 48,460 69,706 1,294,528 0 047 0% 01,152,986 0 1,252,0654 48,460 97,478 1,397,400 0 048 0% 01,209,289 0 1,340,9665 48,460 132,547 1,502,802 0 049 0% 01,268,525 0 1,432,5186 48,460 172,941 1,613,133 0 050 0% 01,333,125 0 1,529,1307 48,460 218,675 1,727,403 0 051 0% 01,402,135 0 1,629,8228 48,460 270,352 1,846,849 0 052 0% 01,476,809 0 1,735,8379 48,460 327,751 1,969,551 0 053 0% 01,555,196 0 1,845,24410 48,460 391,134 2,095,495 0 054 0% 01,637,323 0 1,958,04311 48,460 470,976 2,257,141 0 055 0% 01,755,825 0 2,106,74612 48,460 555,821 2,415,230 0 056 0% 01,871,675 0 2,252,16313 48,460 645,369 2,568,745 0 057 0% 01,984,068 0 2,393,34114 48,460 739,225 2,716,682 0 058 0% 02,092,236 0 2,529,34815 48,460 840,672 2,868,216 0 059 0% 02,205,478 0 2,669,39416 0 902,505 2,897,191 0 060 0% 02,246,978 0 2,702,12717 0 987,077 2,931,795 0 061 0% 02,295,622 0 2,740,94318 0 1,079,238 2,971,451 0 062 0% 02,350,641 0 2,785,20819 0 1,179,092 3,015,888 0 063 0% 02,411,676 0 2,834,62420 0 1,282,627 3,064,511 0 064 0% 02,477,923 0 2,888,53421 0 1,353,390 3,113,057 30,000 32,10065 2% 02,545,328 21,000 2,920,26822 0 1,427,834 3,164,974 30,000 66,44766 4% 02,617,256 21,000 2,954,14523 0 1,506,096 3,220,239 30,000 103,19867 6% 02,693,816 21,000 2,990,07324 0 1,588,333 3,278,850 30,000 142,52268 8% 02,775,173 21,000 3,027,98125 0 1,674,668 3,341,058 30,000 184,59869 11% 02,861,969 21,000 3,068,11226 0 1,758,121 3,393,100 30,000 229,62070 13% 02,940,658 21,000 3,096,63227 0 1,845,318 3,448,515 30,000 277,79471 15% 03,025,187 21,000 3,127,06028 0 1,936,303 3,507,308 30,000 329,33972 17% 03,115,860 21,000 3,159,33529 0 2,031,154 3,569,482 30,000 384,49373 18% 03,212,948 21,000 3,184,98830 0 2,129,945 3,634,928 30,000 443,50774 20% 03,316,577 21,000 3,191,42031 0 2,232,631 3,703,579 30,000 506,65375 22% 03,426,938 21,000 3,196,92532 0 2,339,155 3,775,376 30,000 574,21976 24% 03,544,289 21,000 3,201,156





Policyyear

Annualpayment

Total cashvalue

Deathbenefit

Annualloan

Accumulatedloan balanceAge

% ofpolicy

cash valueAdditionalcollateralneeded

Life insurance policy Corporate Retirement StrategyCDA credit


Net estatevalue

33 0 2,449,516 3,850,321 30,000 646,51477 26% 03,669,026 21,000 3,203,80634 0 2,563,698 3,928,470 30,000 723,87078 28% 03,801,629 21,000 3,204,59935 0 2,681,653 4,009,814 30,000 806,64179 30% 03,942,556 21,000 3,203,17236 0 2,803,463 4,094,376 30,000 895,20680 31% 04,092,234 21,000 3,199,16937 0 2,929,162 4,182,170 30,000 989,97081 33% 04,182,170 21,000 3,192,19938 0 3,058,896 4,273,199 30,000 1,091,36882 35% 04,273,199 21,000 3,181,83039 0 3,192,822 4,367,406 30,000 1,199,86483 37% 04,367,406 21,000 3,167,54140 0 3,331,090 4,464,788 0 1,283,85584 38% 04,464,788 0 3,180,93241 0 3,481,795 4,565,161 0 1,373,72585 39% 04,565,161 0 3,191,43542 0 3,629,048 4,668,451 0 1,469,88586 40% 04,668,451 0 3,198,56543 0 3,780,414 4,774,395 0 1,572,77787 41% 04,774,395 0 3,201,61744 0 3,935,367 4,882,769 0 1,682,87288 42% 04,882,769 0 3,199,89645 0 4,093,272 4,993,310 0 1,800,67389 43% 04,993,310 0 3,192,63646 0 4,253,376 5,105,700 0 1,926,72090 45% 05,105,700 0 3,178,97947 0 4,415,061 5,219,695 0 2,061,59191 46% 05,219,695 0 3,158,10348 0 4,577,922 5,335,037 0 2,205,90292 48% 05,335,037 0 3,129,13449 0 4,741,965 5,451,525 0 2,360,31593 49% 05,451,525 0 3,091,20950 0 4,907,862 5,568,930 0 2,525,53794 51% 05,568,930 0 3,043,39251 0 5,077,461 5,687,160 0 2,702,32595 53% 05,687,160 0 2,984,83452 0 5,254,053 5,806,021 0 2,891,48896 55% 05,806,021 0 2,914,53253 0 5,444,090 5,925,491 0 3,093,89297 56% 05,925,491 0 2,831,59854 0 5,659,201 6,045,294 0 3,310,46498 58% 06,045,294 0 2,734,82955 0 5,922,076 6,164,420 0 3,542,19799 59% 06,164,420 0 2,622,22256 0 6,278,721 6,278,721 0 3,790,151100 60% 06,278,721 0 2,488,569





Alternate investment details

Policyyear

Annualpayment

Beginning ofyear

withdrawalAfter-tax


Annual taxpayable

Alternateinvestment

balanceAge

CumulativeRDTOH

creditCumulativeCDA credit

Annualtaxablegrowth

Net estatevalue

1 48,460 0 0 629 50,25345 387 2421,453 35,6982 48,460 0 0 1,283 102,36546 1,177 7352,961 73,2383 48,460 0 0 1,960 156,40547 2,384 1,4894,524 112,6874 48,460 0 0 2,663 212,44548 4,023 2,5146,145 154,1185 48,460 0 0 3,391 270,55949 6,110 3,8187,827 197,6026 48,460 0 0 4,147 330,82350 8,663 5,4139,570 243,2177 48,460 0 0 4,930 393,31651 11,698 7,31011,378 291,0408 48,460 0 0 5,743 458,12252 15,232 9,51913,253 341,1539 48,460 0 0 6,585 525,32553 19,285 12,05215,197 393,64210 48,460 0 0 7,459 595,01654 23,876 14,92117,213 448,59411 48,460 0 0 8,365 667,28455 29,025 18,13819,304 506,10012 48,460 0 0 9,304 742,22756 34,751 21,71721,472 566,25413 48,460 0 0 10,278 819,94257 41,078 25,67023,720 629,15614 48,460 0 0 11,289 900,53358 48,026 30,01226,052 694,90515 48,460 0 0 12,336 984,10659 55,619 34,75728,469 763,60916 0 0 0 12,793 1,020,51860 63,492 39,67829,523 799,67717 0 0 0 13,266 1,058,27761 71,658 44,78030,615 837,08018 0 0 0 13,757 1,097,43362 80,125 50,07231,748 875,86719 0 0 0 14,266 1,138,03863 88,905 55,55932,923 916,08920 0 0 0 14,794 1,180,14664 98,011 61,24934,141 957,79921 0 21,000 21,000 15,908 1,200,31665 107,732 47,74134,749 978,07122 0 21,000 21,000 16,220 1,221,13366 117,641 34,43535,352 999,01223 0 21,000 21,000 16,540 1,242,61867 127,743 21,33335,975 1,020,64424 0 21,000 21,000 16,867 1,264,80168 138,043 8,43536,619 1,042,99525 0 26,384 21,000 17,397 1,281,58369 148,642 8,81437,113 1,065,51226 0 26,222 21,000 17,743 1,305,26070 153,468 9,02637,800 1,088,80027 0 26,131 21,000 18,093 1,329,63271 158,686 9,23238,506 1,112,88928 0 26,043 21,000 18,451 1,354,80672 164,221 9,43839,235 1,137,81129 0 25,954 21,000 18,818 1,380,81973 170,078 9,64539,989 1,163,59730 0 25,866 21,000 19,195 1,407,70674 176,261 9,85240,768 1,190,28031 0 25,777 21,000 19,581 1,435,50175 182,777 10,06141,573 1,217,89532 0 25,688 21,000 19,977 1,464,24376 189,633 10,27142,406 1,246,47733 0 25,598 21,000 20,384 1,493,96977 196,835 10,48243,267 1,276,063





Policyyear

Annualpayment

Beginning ofyear

withdrawalAfter-tax


Annual taxpayable

Alternateinvestment

balanceAge

CumulativeRDTOH

creditCumulativeCDA credit

Annualtaxablegrowth

Net estatevalue

34 0 25,507 21,000 20,803 1,524,71978 204,393 10,69644,157 1,306,69135 0 25,415 21,000 21,233 1,556,53479 212,314 10,91245,079 1,338,40236 0 25,323 21,000 21,676 1,589,45680 220,607 11,13046,032 1,371,23537 0 25,229 21,000 22,132 1,623,52881 229,281 11,35147,018 1,405,23338 0 25,134 21,000 22,602 1,658,79682 238,345 11,57648,039 1,440,44139 0 25,038 21,000 23,085 1,695,30783 247,811 11,80349,096 1,476,90540 0 0 0 22,097 1,762,68784 256,923 20,30250,993 1,539,20441 0 0 0 22,914 1,827,90685 271,026 29,11652,880 1,603,80842 0 0 0 23,762 1,895,53986 285,651 38,25554,837 1,670,80243 0 0 0 24,642 1,965,67487 300,818 47,73356,866 1,740,27544 0 0 0 25,553 2,038,40488 316,545 57,56158,970 1,812,31945 0 0 0 26,499 2,113,82589 332,854 67,75361,152 1,887,02846 0 0 0 27,479 2,192,03690 349,767 78,32263,414 1,964,50247 0 0 0 28,496 2,273,14291 367,306 89,28365,761 2,044,84248 0 0 0 29,550 2,357,24892 385,493 100,64868,194 2,128,15549 0 0 0 30,644 2,444,46693 404,353 112,43570,717 2,214,55050 0 0 0 31,778 2,534,91294 423,911 124,65773,334 2,304,14251 0 0 0 32,953 2,628,70395 444,193 137,33176,047 2,397,04852 0 0 0 34,173 2,725,96596 465,226 150,47578,861 2,493,39353 0 0 0 35,437 2,826,82697 487,036 164,10581,778 2,593,30254 0 0 0 36,748 2,931,41998 509,653 178,23984,804 2,696,90755 0 0 0 38,108 3,039,88199 533,108 192,89687,942 2,804,34656 0 0 0 39,518 3,152,357100 557,430 208,09591,196 2,915,761





Loan interest sensitivity analysis

Policyyear

Annualpayment Annual loan Accumulated

loan balanceNet estate

valueAccumulatedloan balanceAge % of policy

cash value Net estate valueLoan at 7.00% Loan at 8.00%

% of policycash value

1 48,460 0 0 1,081,716 045 0% 1,081,7160%2 48,460 0 0 1,165,681 046 0% 1,165,6810%3 48,460 0 0 1,252,065 047 0% 1,252,0650%4 48,460 0 0 1,340,966 048 0% 1,340,9660%5 48,460 0 0 1,432,518 049 0% 1,432,5180%6 48,460 0 0 1,529,130 050 0% 1,529,1300%7 48,460 0 0 1,629,822 051 0% 1,629,8220%8 48,460 0 0 1,735,837 052 0% 1,735,8370%9 48,460 0 0 1,845,244 053 0% 1,845,2440%10 48,460 0 0 1,958,043 054 0% 1,958,0430%11 48,460 0 0 2,106,746 055 0% 2,106,7460%12 48,460 0 0 2,252,163 056 0% 2,252,1630%13 48,460 0 0 2,393,341 057 0% 2,393,3410%14 48,460 0 0 2,529,348 058 0% 2,529,3480%15 48,460 0 0 2,669,394 059 0% 2,669,3940%16 0 0 0 2,702,127 060 0% 2,702,1270%17 0 0 0 2,740,943 061 0% 2,740,9430%18 0 0 0 2,785,208 062 0% 2,785,2080%19 0 0 0 2,834,624 063 0% 2,834,6240%20 0 0 0 2,888,534 064 0% 2,888,5340%21 0 30,000 32,100 2,920,268 32,40065 2% 2,920,0582%22 0 30,000 66,447 2,954,145 67,39266 4% 2,953,4844%23 0 30,000 103,198 2,990,073 105,18367 6% 2,988,6836%24 0 30,000 142,522 3,027,981 145,99868 9% 3,025,5488%25 0 30,000 184,598 3,068,112 190,07769 11% 3,064,27611%26 0 30,000 229,620 3,096,632 237,68470 13% 3,090,98813%27 0 30,000 277,794 3,127,060 289,09871 15% 3,119,14715%28 0 30,000 329,339 3,159,335 344,62672 17% 3,148,63417%29 0 30,000 384,493 3,184,988 404,59673 19% 3,164,88518%30 0 30,000 443,507 3,191,420 469,36474 22% 3,165,56320%31 0 30,000 506,653 3,196,925 539,31375 24% 3,164,26522%32 0 30,000 574,219 3,201,156 614,85876 26% 3,160,51724%33 0 30,000 646,514 3,203,806 696,44777 28% 3,153,87326%





Policyyear

Annualpayment Annual loan Accumulated

loan balanceNet estate

valueAccumulatedloan balanceAge % of policy

cash value Net estate valueLoan at 7.00% Loan at 8.00%

% of policycash value

34 0 30,000 723,870 3,204,599 784,56378 30% 3,143,90628%35 0 30,000 806,641 3,203,172 879,72879 32% 3,130,08530%36 0 30,000 895,206 3,199,169 982,50680 35% 3,111,86931%37 0 30,000 989,970 3,192,199 1,093,50781 37% 3,088,66233%38 0 30,000 1,091,368 3,181,830 1,213,38782 39% 3,059,81135%39 0 30,000 1,199,864 3,167,541 1,342,85883 42% 3,024,54737%40 0 0 1,283,855 3,180,932 1,450,28784 43% 3,014,50038%41 0 0 1,373,725 3,191,435 1,566,31085 44% 2,998,85039%42 0 0 1,469,885 3,198,565 1,691,61586 46% 2,976,83540%43 0 0 1,572,777 3,201,617 1,826,94487 48% 2,947,45041%44 0 0 1,682,872 3,199,896 1,973,10088 50% 2,909,66842%45 0 0 1,800,673 3,192,636 2,130,94889 52% 2,862,36143%46 0 0 1,926,720 3,178,979 2,301,42490 54% 2,804,27545%47 0 0 2,061,591 3,158,103 2,485,53891 56% 2,734,15646%48 0 0 2,205,902 3,129,134 2,684,38192 58% 2,650,65548%49 0 0 2,360,315 3,091,209 2,899,13193 61% 2,552,39349%50 0 0 2,525,537 3,043,392 3,131,06294 63% 2,437,86751%51 0 0 2,702,325 2,984,834 3,381,54795 66% 2,305,61253%52 0 0 2,891,488 2,914,532 3,652,07196 69% 2,153,94955%53 0 0 3,093,892 2,831,598 3,944,23697 72% 1,981,25456%54 0 0 3,310,464 2,734,829 4,259,77598 75% 1,785,51858%55 0 0 3,542,197 2,622,222 4,600,55799 77% 1,563,86259%56 0 0 3,790,151 2,488,569 4,968,602100 79% 1,310,11860%





Corporate Retirement Strategy – Key considerationsHere is a list of the key considerations that apply to the Corporate Retirement Strategy. Please consult with yourprofessional legal and tax advisors to ensure that this strategy is suitable for you.· Under current tax law, borrowing from a lending institution, using a life insurance policy as collateral,

does not trigger taxable income.· The tax treatment applicable to loans, interest deductibility and life insurance policies may change over time

without any grandfathering provision. Canada Revenue Agency (CRA) may deem a series of loans from a lending institution to be life insurance policy loans and potentially subject to tax.

· This presentation assumes a suitable lending arrangement between the borrower and their lending institution.· The borrower must qualify for the loan. They may also have to provide collateral acceptable to the lending

institution. The availability of the loans will depend on the lending institution’s lending criteria at the time the loan(s) are applied for. The lending institution may also review the sufficiency of its collateral from time to time while the loan is outstanding.

· Assumptions used in the Corporate Retirement Strategy presentation will impact the amount that can be borrowed. Actual results will be different from what is shown in this presentation. · Policy earnings are not guaranteed and may be more or less than illustrated. Lower policy growth will reduce

the amount that can be borrowed. Ask your advisor to illustrate at alternate interest rates or dividend scales.· The higher the loan interest rate, the less money that can be borrowed. Refer to the Loan Interest Sensitivity

Analysis report for details.· Living longer than the projected date of death on the illustration may result in the outstanding loan balance

exceeding the maximum allowable percentage of cash value. The lending institution may require more collateral to secure the loan. Ask your advisor for illustrations where less than the maximum allowable amount is borrowed and/or the projected date of death is later.

· The third party lending agreement will outline the amount that can be borrowed · Financial institutions limit the accumulated loan balance to a maximum percentage of the policy cash

surrender value. This limit may be lower for fund values that include non-guaranteed accounts. There is a risk that the loan may be called before your death if the outstanding loan balance exceeds the loan to value ratio.

· If the accumulated loan balance exceeds this limit the borrower may have to:· make payments to reduce the outstanding loan balance· pledge additional assets as collateral

If the borrower is unable to meet this requirement, the financial institution will use funds from the policy to repay the loan. This may result in a taxable disposition and the policy may terminate. Under these circumstances, the policy owner will be liable for any taxes payable. After repayment of the loan, the net proceeds of the policy may not be enough to pay the taxes.





· The corporation must not be obligated to provide retirement benefits from the life insurance policy. · In circumstances where a corporation acquires a life insurance policy and is obligated to fund retirement

benefits from it, a Retirement Compensation Arrangement may be deemed to exist. This may result in significant tax consequences. Consult with your professional legal and tax advisors on this issue.

· The shareholder or the corporation can borrow funds against the life insurance policy. · Using the corporation’s life insurance policy as collateral for a personal loan to the shareholder may result in a

taxable shareholder benefit. This risk may be reduced by having the shareholder pay a guarantee fee to the corporation.

· Repayment of the loan must be structured properly· In circumstances where a shareholder has used a corporately owned life insurance policy as collateral for a

personal loan, a shareholder benefit may exist if the loan is repaid directly from the proceeds of the insurance policy. This includes direct repayment either as a result of payment of the death benefit or surrender of the policy prior to death.

· Repayment of the loan should be structured to ensure no direct payment from the life insurance policy is made · Direct repayment may result in significant tax consequences

· There are specific rules relating to the deductibility of interest on borrowed funds. · The loan proceeds must be invested to earn income from a business or property · Loan interest must be paid or payable· Tax rules are subject to change and there is no guarantee that the current rules will continue to apply in the

future. The Federal Department of Finance has indicated that the tax rules about interest deductibility are under review.

· If this illustration assumes interest deductibility, please consult your legal and tax advisors to confirm the applicability of interest deductions for your particular situation.

The insurance payment figures and estate benefit amounts are extracted from the policy illustration included withthis presentation. Please refer to it for further information concerning the policy.




An illustration designed for:

R Client1

Prepared by:Trusted Advisor

February 3, 2014 (CSF/HO 6.2.0.470-91928)

Designed for R Client1

Sun Par ProtectorDividend option: Paid-up additional insurancePremiums payable for lifeCurrent dividend scale

About this IllustrationThis illustration was prepared for information purposes only and is neither an insurance contract nor an offer toprovide insurance. It does not form part of any policy that may be issued.Unless otherwise indicated, the figures shown in this illustration are not guaranteed. Sun Par Protector policies areeligible to receive dividends based on a variable scale set by the company each year. The company reviews theinvestment performance, expenses, mortality experience, and other relevant factors for each class or group ofparticipating policies to determine the annual dividend scale. Even small changes to the dividend scale willincrease or decrease your non-guaranteed policy values; in some instances changes to these values could besignificant.All insurance illustrated will be subject to underwriting review and approval.For more details about the information contained in this illustration, please consult your advisor or refer to yourclient guide.





This illustration contains the following sections:

Table of contents

1. Key terms Page 42. Illustration details Page 53. Policy values (current dividend scale) Page 64. Policy values (current dividend scale minus 1.0%) Page 85. Statement of variability Page 10

Sun Par Protector is a permanent participating life insurance policy offered by Sun Life Financial. It provides you with the security of being insured with one of North America's strongest financial organizations. This product provides you with comprehensive life insurance protection, guaranteed values, and a variety of annual dividend options.

If you have any questions, please feel free to contact me.Trusted Advisor





Section 1. Key termsThe terms defined below are for descriptive purposes only and do not fully detail the product. The policy willgovern in all cases.Permanent participating policy – is insurance that provides protection for the entire lifetime of the insured person. Participating life insurance involves the transfer of risk from an individual to a life insurance company. With participating insurance, a portion of the risk is shared among the policy owners and the company. We call it "participating insurance" (or "par insurance") because the policy owner participates in the risk along with the insurance company. As part of this risk-sharing, par policy owners may also share in certain rewards when their policies perform better than originally expected. This reward may come in the form of a policy owner dividend, which is a portion of the earnings from the par account where the investments, expenses and other items related to the company's par policies are tracked. The dividend is not guaranteed. Age - the ‘insurance age’ of the insured person(s) is their age at their birthday nearest to the date the coverage begins. For example, if the insured person’s actual age is 34 and 7 months, the ‘insurance age’ will be 35. This age will be used to calculate all of the values in the illustration and policy contract. Total guaranteed premium - includes all of the required base premiums and any premiums for additional benefits that may have been selected, all of which are guaranteed for life. It does not include any Plus premium payment. Total premium – consists of the total guaranteed premium including any Plus premiums. Guaranteed cash value - is an amount we determine as shown on the guaranteed values page. It is part of the amount we pay if a policy is cancelled. Any policy loans will reduce this amount. Total cash value – includes the guaranteed cash value and the cash value of any paid-up additional insurance or dividends on deposit. Any policy loans or withdrawals will reduce the amount. Guaranteed insurance amount - consists of the base insurance amount less any outstanding policy loans plus any enhanced insurance amount within the guaranteed period. It also includes any term insurance benefits selected. Total death benefit – is the amount paid to the beneficiary if the insured person dies while the policy is in effect. It consists of the guaranteed insurance amount, any term life insurance benefits selected plus any accumulated dividends on deposit or insurance purchased by dividends and Plus premiums, if applicable. Any policy loans or withdrawals will reduce the amount. Taxation – this product is classified as an exempt life insurance policy. This illustration assumes that current Income Tax Act (Canada) rules affecting life insurance will remain the same. It should be noted that these rules can change at any time. Common terms and definitions – for more details concerning the terminology used in the illustration ask to see the Common terms and definitions page.





Section 2. Illustration detailsDividend option - Paid-up additional insuranceAdditional permanent life insurance is purchased with any dividends credited to the policy. Premium rates forpaid-up additional insurance are not guaranteed. This additional insurance is also eligible for dividends whichwill be used to purchase more paid-up additional insurance. Once purchased, the paid-up additional insuranceprovides a guaranteed death benefit and guaranteed cash value. This additional insurance can be cancelled at anytime for its cash value.Insured informationName Sex Age Risk classR Client1 Female 44 non-smoker

Summary of coverageCoverage/benefit Insurance amount Initial yearly premiumSun Par Protector $1,000,000

Coverage is for life.$25,740.00Payable to the policy anniversary nearestthe insured person's 100th birthday.

Plus premium n/a $22,720.00Payable from year 1 to year 15

Primary Dividend ScaleCurrent dividend scale

PremiumsTotal initial monthly premium (including the policy fee of $4.50 monthly)$4,361.40Total initial yearly premium (including the policy fee of $50.00 yearly)$48,460.00





Section 3. Policy values (current dividend scale)

YearTotal

guaranteedyearly

premium

Guaranteedcash value

Guaranteedinsurance

amountTotal yearly

premiumPremiums

paid bydividends

Total cashvalue

Total deathbenefit

Guaranteed values Current dividend scale non-guaranteed values

1 25,740.00 0 1,000,000 48,460.00 0.00 21,132 1,095,9392 25,740.00 0 1,000,000 48,460.00 0.00 44,311 1,194,0673 25,740.00 0 1,000,000 48,460.00 0.00 69,706 1,294,5284 25,740.00 0 1,000,000 48,460.00 0.00 97,478 1,397,4005 25,740.00 4,730 1,000,000 48,460.00 0.00 132,547 1,502,8026 25,740.00 11,430 1,000,000 48,460.00 0.00 172,941 1,613,1337 25,740.00 20,130 1,000,000 48,460.00 0.00 218,675 1,727,4038 25,740.00 30,880 1,000,000 48,460.00 0.00 270,352 1,846,8499 25,740.00 43,740 1,000,000 48,460.00 0.00 327,751 1,969,55110 25,740.00 58,750 1,000,000 48,460.00 0.00 391,134 2,095,49511 25,740.00 75,970 1,000,000 48,460.00 0.00 470,976 2,257,14112 25,740.00 95,390 1,000,000 48,460.00 0.00 555,821 2,415,23013 25,740.00 117,000 1,000,000 48,460.00 0.00 645,369 2,568,74514 25,740.00 140,790 1,000,000 48,460.00 0.00 739,225 2,716,68215 25,740.00 166,750 1,000,000 48,460.00 0.00 840,672 2,868,21616 25,740.00 194,530 1,000,000 25,740.00 25,740.00 902,505 2,897,19117 25,740.00 241,520 1,000,000 25,740.00 25,740.00 987,077 2,931,79518 25,740.00 292,590 1,000,000 25,740.00 25,740.00 1,079,238 2,971,45119 25,740.00 347,740 1,000,000 25,740.00 25,740.00 1,179,092 3,015,88820 25,740.00 402,980 1,000,000 25,740.00 25,740.00 1,282,627 3,064,51121 25,740.00 423,560 1,000,000 25,740.00 25,740.00 1,353,390 3,113,05722 25,740.00 444,330 1,000,000 25,740.00 25,740.00 1,427,834 3,164,97423 25,740.00 465,270 1,000,000 25,740.00 25,740.00 1,506,096 3,220,23924 25,740.00 486,350 1,000,000 25,740.00 25,740.00 1,588,333 3,278,85025 25,740.00 507,440 1,000,000 25,740.00 25,740.00 1,674,668 3,341,05826 25,740.00 528,450 1,000,000 25,740.00 25,740.00 1,758,121 3,393,10027 25,740.00 549,270 1,000,000 25,740.00 25,740.00 1,845,318 3,448,51528 25,740.00 569,820 1,000,000 25,740.00 25,740.00 1,936,303 3,507,30829 25,740.00 590,060 1,000,000 25,740.00 25,740.00 2,031,154 3,569,48230 25,740.00 609,960 1,000,000 25,740.00 25,740.00 2,129,945 3,634,92831 25,740.00 629,490 1,000,000 25,740.00 25,740.00 2,232,631 3,703,57932 25,740.00 648,590 1,000,000 25,740.00 25,740.00 2,339,155 3,775,37633 25,740.00 667,210 1,000,000 25,740.00 25,740.00 2,449,516 3,850,32134 25,740.00 685,260 1,000,000 25,740.00 25,740.00 2,563,698 3,928,47035 25,740.00 702,670 1,000,000 25,740.00 25,740.00 2,681,653 4,009,81436 25,740.00 719,370 1,000,000 25,740.00 25,740.00 2,803,463 4,094,37637 25,740.00 735,310 1,000,000 25,740.00 25,740.00 2,929,162 4,182,170





YearTotal

guaranteedyearly

premium


Guaranteedinsurance

amountTotal yearly

premiumPremiums

paid bydividends

Total cashvalue

Total deathbenefit

Guaranteed values Current dividend scale non-guaranteed values

38 25,740.00 750,440 1,000,000 25,740.00 25,740.00 3,058,896 4,273,19939 25,740.00 764,720 1,000,000 25,740.00 25,740.00 3,192,822 4,367,40640 25,740.00 778,130 1,000,000 25,740.00 25,740.00 3,331,090 4,464,78841 25,740.00 798,690 1,000,000 25,740.00 25,740.00 3,481,795 4,565,16142 25,740.00 810,540 1,000,000 25,740.00 25,740.00 3,629,048 4,668,45143 25,740.00 821,590 1,000,000 25,740.00 25,740.00 3,780,414 4,774,39544 25,740.00 831,870 1,000,000 25,740.00 25,740.00 3,935,367 4,882,76945 25,740.00 841,480 1,000,000 25,740.00 25,740.00 4,093,272 4,993,31046 25,740.00 850,490 1,000,000 25,740.00 25,740.00 4,253,376 5,105,70047 25,740.00 859,040 1,000,000 25,740.00 25,740.00 4,415,061 5,219,69548 25,740.00 867,260 1,000,000 25,740.00 25,740.00 4,577,922 5,335,03749 25,740.00 875,370 1,000,000 25,740.00 25,740.00 4,741,965 5,451,52550 25,740.00 883,640 1,000,000 25,740.00 25,740.00 4,907,862 5,568,93051 25,740.00 892,530 1,000,000 25,740.00 25,740.00 5,077,461 5,687,16052 25,740.00 902,730 1,000,000 25,740.00 25,740.00 5,254,053 5,806,02153 25,740.00 915,200 1,000,000 25,740.00 25,740.00 5,444,090 5,925,49154 25,740.00 931,710 1,000,000 25,740.00 25,740.00 5,659,201 6,045,29455 25,740.00 956,280 1,000,000 25,740.00 25,740.00 5,922,076 6,164,42056 25,740.00 1,000,000 1,000,000 25,740.00 25,740.00 6,278,721 6,278,721

The Guaranteed cash value and Guaranteed insurance amount will be reduced by any outstanding policy loans.The above guaranteed values are guaranteed as long as your policy remains in effect.Premiums shown are payable at the beginning of the policy year. All other values are illustrated as of the end ofthe policy year.Premium offset is currently projected to occur in year 16.Premium offset is the illustrated point at which projected future dividends and the cash value of any existing paid-up additional insurance can be used to help pay future premiums. At this point the total cash value and the total death benefit will be reduced to the extent that paid-up additional insurance is cancelled to help pay required premiums. The premium offset point is not guaranteed and is sensitive to changes in the dividend scale. The actual premium offset point may occur later than is illustrated here, depending on future dividends. Premium offset is an option that can not be selected when the policy is purchased, but can only be selected at the time it is available. A reduction in dividends after premium offset is selected, may require out of pocket premium payments to be resumed. Current dividend scale illustrates an example of how policy values including the death benefit, cash value andprojected premium offset point (if applicable) may change, assuming no change in the dividend interest rate used indetermining the annual dividends.





Section 4. Policy values (current dividend scale minus 1.0%)

YearTotal

guaranteedyearly

premium


Guaranteedinsurance

amountTotal yearly

premiumPremiums

paid bydividend

Total cashvalue

Total deathbenefit

Guaranteed values Current dividend scale minus 1.0%non-guaranteed values

1 25,740.00 0 1,000,000 48,460.00 0.00 20,879 1,094,7882 25,740.00 0 1,000,000 48,460.00 0.00 43,447 1,190,2813 25,740.00 0 1,000,000 48,460.00 0.00 67,824 1,286,5754 25,740.00 0 1,000,000 48,460.00 0.00 94,141 1,383,7955 25,740.00 4,730 1,000,000 48,460.00 0.00 127,265 1,482,0226 25,740.00 11,430 1,000,000 48,460.00 0.00 165,022 1,583,0707 25,740.00 20,130 1,000,000 48,460.00 0.00 207,415 1,686,1538 25,740.00 30,880 1,000,000 48,460.00 0.00 254,884 1,792,1509 25,740.00 43,740 1,000,000 48,460.00 0.00 307,256 1,899,58810 25,740.00 58,750 1,000,000 48,460.00 0.00 364,713 2,008,41611 25,740.00 75,970 1,000,000 48,460.00 0.00 435,594 2,144,53512 25,740.00 95,390 1,000,000 48,460.00 0.00 510,547 2,276,07113 25,740.00 117,000 1,000,000 48,460.00 0.00 589,328 2,402,35814 25,740.00 140,790 1,000,000 48,460.00 0.00 671,585 2,522,64715 25,740.00 166,750 1,000,000 48,460.00 0.00 759,930 2,644,38816 25,740.00 194,530 1,000,000 25,740.00 25,740.00 807,480 2,642,54817 25,740.00 241,520 1,000,000 25,740.00 25,740.00 876,514 2,645,31818 25,740.00 292,590 1,000,000 25,740.00 25,740.00 951,828 2,652,14219 25,740.00 347,740 1,000,000 25,740.00 25,740.00 1,033,412 2,662,63820 25,740.00 402,980 1,000,000 25,740.00 25,740.00 1,117,192 2,676,24021 25,740.00 423,560 1,000,000 25,740.00 25,740.00 1,166,956 2,689,38222 25,740.00 444,330 1,000,000 25,740.00 25,740.00 1,218,809 2,704,85023 25,740.00 465,270 1,000,000 25,740.00 25,740.00 1,272,809 2,722,60324 25,740.00 486,350 1,000,000 25,740.00 25,740.00 1,329,006 2,742,57325 25,740.00 507,440 1,000,000 25,740.00 25,740.00 1,387,445 2,764,98726 25,740.00 528,450 1,000,000 25,740.00 25,740.00 1,442,373 2,778,61427 25,740.00 549,270 1,000,000 25,740.00 25,740.00 1,499,204 2,794,63028 25,740.00 569,820 1,000,000 25,740.00 25,740.00 1,557,887 2,812,96729 25,740.00 590,060 1,000,000 25,740.00 25,740.00 1,618,429 2,833,59030 25,740.00 609,960 1,000,000 25,740.00 25,740.00 1,680,831 2,856,38031 25,740.00 629,490 1,000,000 25,740.00 25,740.00 1,745,008 2,881,23932 25,740.00 648,590 1,000,000 25,740.00 25,740.00 1,810,863 2,908,08733 25,740.00 667,210 1,000,000 25,740.00 25,740.00 1,878,335 2,936,87134 25,740.00 685,260 1,000,000 25,740.00 25,740.00 1,947,352 2,967,59235 25,740.00 702,670 1,000,000 25,740.00 25,740.00 2,017,845 3,000,23636 25,740.00 719,370 1,000,000 25,740.00 25,740.00 2,089,844 3,034,823





YearTotal

guaranteedyearly

premium


Guaranteedinsurance

amountTotal yearly

premiumPremiums

paid bydividend

Total cashvalue

Total deathbenefit

Guaranteed values Current dividend scale minus 1.0%non-guaranteed values

37 25,740.00 735,310 1,000,000 25,740.00 25,740.00 2,163,277 3,071,25838 25,740.00 750,440 1,000,000 25,740.00 25,740.00 2,238,221 3,109,55039 25,740.00 764,720 1,000,000 25,740.00 25,740.00 2,314,737 3,149,63640 25,740.00 778,130 1,000,000 25,740.00 25,740.00 2,392,844 3,191,43441 25,740.00 798,690 1,000,000 25,740.00 25,740.00 2,480,557 3,234,77242 25,740.00 810,540 1,000,000 25,740.00 25,740.00 2,561,864 3,279,45043 25,740.00 821,590 1,000,000 25,740.00 25,740.00 2,644,402 3,325,25344 25,740.00 831,870 1,000,000 25,740.00 25,740.00 2,727,735 3,371,90745 25,740.00 841,480 1,000,000 25,740.00 25,740.00 2,811,325 3,419,03646 25,740.00 850,490 1,000,000 25,740.00 25,740.00 2,894,662 3,466,36447 25,740.00 859,040 1,000,000 25,740.00 25,740.00 2,977,252 3,513,54248 25,740.00 867,260 1,000,000 25,740.00 25,740.00 3,058,783 3,560,28049 25,740.00 875,370 1,000,000 25,740.00 25,740.00 3,139,250 3,606,35550 25,740.00 883,640 1,000,000 25,740.00 25,740.00 3,219,091 3,651,57151 25,740.00 892,530 1,000,000 25,740.00 25,740.00 3,299,393 3,695,70852 25,740.00 902,730 1,000,000 25,740.00 25,740.00 3,382,251 3,738,62253 25,740.00 915,200 1,000,000 25,740.00 25,740.00 3,471,594 3,780,26154 25,740.00 931,710 1,000,000 25,740.00 25,740.00 3,574,503 3,820,45355 25,740.00 956,280 1,000,000 25,740.00 25,740.00 3,704,581 3,858,22856 25,740.00 1,000,000 1,000,000 25,740.00 25,740.00 3,889,725 3,889,725

Projected premium offset year 16.

Current dividend scale minus 1.0% illustrates an example of how policy values including the death benefit, cash value and projected premium offset point (if applicable) may change, assuming a 1.0% decrease in the dividend interest rate used in determining the annual dividends.Premium offset is currently projected to occur in year 16.Premium offset is the illustrated point at which projected future dividends and the cash value of any existing paid-up additional insurance can be used to help pay future premiums. At this point the total cash value and the total death benefit will be reduced to the extent that paid-up additional insurance is cancelled to help pay required premiums. The premium offset point is not guaranteed and is sensitive to changes in the dividend scale. The actual premium offset point may occur later than is illustrated here, depending on future dividends. Premium offset is an option that can not be selected when the policy is purchased, but can only be selected at the time it is available. A reduction in dividends after premium offset is selected, may require out of pocket premium payments to be resumed.



Section 5. Statement of variabilityHow dividends can affect your policy:Dividends are not guaranteed and will vary upward or downward from those illustrated depending on future dividend scales. The dividend scale is affected by a number of variables such as investment returns, mortality experience, expenses and other relevant factors. Fluctuations in dividends will significantly affect the non-guaranteed values in your policy. The scenarios below demonstrate the effect a change in the dividend scale can have on the illustrated values and do not provide either a best estimate or a worst case scenario.

YearGuaranteed

yearlypremium


Guaranteedinsurance

amountTotal cash

valueTotal death

benefitTotal cash

valueTotal death

benefit

Guaranteed values Non-guaranteed valuesCurrent dividend

scaleCurrent dividend scale

minus 1.0%

Total cashvalue

Total deathbenefit

Current dividend scaleminus 2.0%

5 25,740.00 4,730 1,000,000 132,547 1,502,802 127,265 1,482,022 122,132 1,461,83010 25,740.00 58,750 1,000,000 391,134 2,095,495 364,713 2,008,416 339,821 1,926,37315 25,740.00 166,750 1,000,000 840,672 2,868,216 759,930 2,644,388 685,964 2,439,34320 25,740.00 402,980 1,000,000 1,282,627 3,064,511 1,117,192 2,676,240 971,932 2,335,31830 25,740.00 609,960 1,000,000 2,129,945 3,634,928 1,680,831 2,856,380 1,322,428 2,235,07950 25,740.00 883,640 1,000,000 4,907,862 5,568,930 3,219,091 3,651,571 2,111,707 2,394,295

Projected premium offset:year 16.



Current dividend scale minus 1.0% illustrates an example of how the death benefit, cash value and projected premium offset point (if applicable) may change, assuming a 1.0% decrease in the dividend interest rate used in determining the annual dividends. Current dividend scale minus 2.0% illustrates an example of how the death benefit, cash value and projected premium offset point (if applicable) may change, assuming a 2.0% decrease in the dividend interest rate used in determining the annual dividends. All values in the illustration assume you continue to pay the required premium. Plus premium, if applicable, isassumed to be paid as indicated on the illustration details page.The guaranteed cash value and guaranteed insurance amount will be reduced by any outstanding policy loans.In the preceding illustration unless values are indicated as "Guaranteed", none of the figures shown in thisillustration are guaranteed. They are hypothetical only and are based on assumptions that are certain to change. They are not a best estimate or a guarantee of future policy performance. Actual results will differ upward ordownward from those illustrated, depending upon future experience, because they are highly dependent upon anumber of factors. These factors include the Company’s experience with such things as death claims, interest ratesand other investment returns, taxes and other expenses. Even a small change in one of these factors could have adramatic negative or positive impact on the non-guaranteed figures shown in this illustration.This illustration will not become part of any issued policy and is provided solely to show how policy benefits andvalues may change over time based on different sets of assumptions.





Documents

R Client1 - Sun Life Financial · Prepared especially for: R Client1 Corporate Retirement Strategy Current dividend scale The corporation may post the entire death benefit to its