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 : Aliyah Besas Age Last Birthday : 3 (Female)
For the Decision of : Venancio Besas (Age 32) Currency : Philippine Peso
Basic Plan Benefit Amount Regular Premium
Sun FlexiLink - Non-Smoker Ps 500,000.00 Ps 10,065.00
Additional Benefits

Class: Standard Total Annual Regular Premium Ps 10,065.00

Annual Excess Premium (to be Billed Regularly) Ps 1,935.00
Total Annual Premium (to be Billed Regularly) Ps 12,000.00
Total Quarterly Premium to be Billed Ps 3,000.00
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 1110434410111700 Page 1 of 6
Aliyah Besas 3 (Female)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,000.00

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 1110434410111700 Page 2 of 6
Aliyah Besas 3 (Female)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,000.00

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 1110434410111700 Page 3 of 6
Aliyah Besas 3 (Female)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,000.00

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 4 10,065 9,180 930 977 1,000 500,930 500,977 501,000
2 5 10,065 6,161 5,125 5,468 5,641 505,125 505,468 505,641
3 6 10,065 3,645 12,052 12,931 13,384 512,052 512,931 513,384
4 7 10,065 1,631 21,304 23,076 24,001 521,304 523,076 524,001
5 8 10,065 1,631 30,916 34,013 35,657 530,916 534,013 535,657
6 9 10,065 1,128 41,417 46,329 48,981 541,417 546,329 548,981
7 10 10,065 1,128 52,327 59,607 63,608 552,327 559,607 563,608
8 11 10,065 1,128 63,662 73,924 79,664 563,662 573,924 579,664
9 12 10,065 1,128 75,438 89,359 97,290 575,438 589,359 597,290
10 13 10,065 1,128 88,920 107,433 118,175 588,920 607,433 618,175
11 14 10,065 625 102,204 126,029 140,118 602,204 626,029 640,118
12 15 10,065 625 116,005 146,080 164,206 616,005 646,080 664,206
13 16 10,065 625 130,344 167,697 190,648 630,344 667,697 690,648
14 17 10,065 625 145,241 191,003 219,675 645,241 691,003 719,675
15 18 10,065 625 163,274 219,375 255,206 663,274 719,375 755,206
16 19 10,065 625 179,454 246,720 290,543 679,454 746,720 790,543
17 20 10,065 625 196,265 276,203 329,335 696,265 776,203 829,335
18 21 10,065 625 213,731 307,989 371,919 713,731 807,989 871,919
19 22 10,065 632 231,871 342,254 418,659 731,871 842,254 918,659
20 23 10,065 638 254,901 385,141 477,104 754,901 885,141 977,104
52 55 10,065 2,502 1,590,712 6,110,540 12,478,175 2,090,712 6,610,540 12,978,175
57 60 10,065 2,733 2,002,684 9,097,222 20,258,639 2,502,684 9,597,222 20,758,639
62 65 10,065 5,080 2,504,402 13,514,104 32,852,400 3,004,402 14,014,104 33,352,400
*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 1110434410111700 Page 4 of 6
Aliyah Besas 3 (Female)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,000.00
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 4 12,000 9,277 2,840 2,959 3,018 502,840 502,959 503,018
2 5 12,000 6,257 9,019 9,586 9,874 509,019 509,586 509,874
3 6 12,000 3,741 18,007 19,354 20,049 518,007 519,354 520,049
4 7 12,000 1,728 29,401 31,982 33,336 529,401 531,982 533,336
5 8 12,000 1,728 41,239 45,597 47,921 541,239 545,597 547,921
6 9 12,000 1,225 54,052 60,800 64,462 554,052 560,800 564,462
7 10 12,000 1,225 67,364 77,192 82,620 567,364 577,192 582,620
8 11 12,000 1,225 81,195 94,865 102,553 581,195 594,865 602,553
9 12 12,000 1,225 95,564 113,918 124,435 595,564 613,918 624,435
10 13 12,000 1,225 112,083 136,298 150,430 612,083 636,298 650,430
11 14 625 115,812 146,299 164,478 615,812 646,299 664,478
12 15 625 119,686 157,081 179,898 619,686 657,081 679,898
13 16 625 123,711 168,707 196,825 623,711 668,707 696,825
14 17 625 127,893 181,241 215,407 627,893 681,241 715,407
15 18 625 134,671 198,018 239,588 634,671 698,018 739,588
16 19 625 139,280 212,843 262,350 639,280 712,843 762,350
17 20 625 144,069 228,826 287,337 644,069 728,826 787,337
18 21 625 149,044 246,059 314,767 649,044 746,059 814,767
19 22 632 154,206 264,631 344,871 654,206 764,631 844,871
20 23 638 162,493 289,406 383,956 662,493 789,406 883,956
52 55 2,502 554,641 3,433,772 8,180,476 1,054,641 3,933,772 8,680,476
57 60 2,733 668,890 5,069,207 13,231,135 1,168,890 5,569,207 13,731,135
62 65 5,080 803,634 7,484,864 21,403,996 1,303,634 7,984,864 21,903,996
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 the contract term, or the maturity date of MyFuture Fund/s if
fund allocation is purely in MyFuture Fund/s.
*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 1110434410111700 Page 5 of 6
Aliyah Besas 3 (Female)
Sun FlexiLink - Non-Smoker
Face Amount: Ps 500,000.00 Total Premium to be Billed: Ps 12,000.00

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 1110434410111700 Page 6 of 6