Lyndonbasc_0894220504221237

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

: Lyndon Bascos Soriano

Age Last Birthday : 38 (Male) Currency : Philippine Peso Benefit Amount Regular Premium

Basic Plan Sun MaxiLink Prime - Non-Smoker

Ps

750,000.00

Ps

49,687.50

Additional Benefits Total Disability Benefit (Waiver of Premium) - TDB Accidental Death Benefit - ADB Critical Illness Benefit - CIB Class: Standard

Ps 892.50 Ps 500,000.00 Ps 790.00 Ps 500,000.00 Ps 3,045.00 Total Initial Annual Regular Premium Ps 54,415.00 Annual Excess Premium (to be Billed Regularly) Ps 0.00 Total Initial Annual Premium (to be Billed Ps 54,415.00 Regularly) Excess Premium (One-time) Ps 0.00 Sun MaxiLink Prime is a variable life insurance product until age 88 payable for 10 years*. 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 200% 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. (vii) *Premium payment period of 10 years is not guaranteed. You may still be required to pay additional premium after 10 years if the fund value is insufficient to pay the charges. 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 Branch

VL r8.28.00.0000

: BOMBITA, KARLEEN R. : BAYWOOD

Date This is only an illustration. 0894220504221237

: 12 April 2019

Page 1 of 7

Lyndon Bascos Soriano Sun MaxiLink Prime - Non-Smoker Face Amount: Ps 750,000.00

38 (Male) Total Initial Premium to be Billed: Ps 54,415.00

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.

VL r8.28.00.0000

This is only an illustration. 0894220504221237

Page 2 of 7

Lyndon Bascos Soriano Sun MaxiLink Prime - Non-Smoker Face Amount: Ps 750,000.00

38 (Male) Total Initial Premium to be Billed: Ps 54,415.00

Historical Investment Performance of Investment Funds of Sun Life's Variable Life Insurance Products Year-on-Year Return 31-Dec10

31-Dec11

31-Dec12

31-Dec13

31-Dec14

31-Dec15

31-Dec16

31-Dec17

3-Year 5-Year 10-Year Compounded Return Return Return 31-Dec- Annual Growth Rate (2018 vs (2018 vs (2018 vs 18 (for completed calendar years) 2015) 2013) 2008)

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%

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%

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%

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%

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%

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%

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%

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%

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%

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

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

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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

-12.14%

N/A

N/A

N/A

Fund Name 31-Dec(Fund Launch Date) 09 Peso Balanced (Dec. 6, 2004) Peso Bond (Sep. 13, 2004) Peso Equity (Sep. 13, 2004) Peso Money Market (Jun. 25, 2007) MyFuture 2020 (Jun. 7, 2008) MyFuture 2025 (Jun. 7, 2008) MyFuture 2030 (Jun. 7, 2008) MyFuture 2035 (Jun. 7, 2008) MyFuture 2040 (Jun. 7, 2008) Growth PLUS (Apr. 8, 2015) Index (Jan. 25, 2016) Captains (Apr. 18, 2016) Opportunity Tracker (Oct. 9, 2017)

N/A

-0.46%* -12.14%

5.26%

* 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

VL r8.28.00.0000

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Page 3 of 7

Lyndon Bascos Soriano Sun MaxiLink Prime - Non-Smoker Face Amount: Ps 750,000.00

38 (Male) Total Initial Premium to be Billed: Ps 54,415.00

Critical Illness Benefit If the life insured has been diagnosed, while living, to have contracted any one or more of the following Critical Illnesses listed below or has undergone any of the specified surgeries, then you will receive Ps 500,000.00*. The Critical Illness must occur more than 90 days after the date the benefit comes into force and the diagnosis must occur before the earlier of the life insured’s 70th birthday and the maturity date of the policy. The list of Critical Illnesses and those requiring surgery include: Critical Illnesses 1. Acute Heart Attack 2. Alzheimer's Disease 3. Amyotrophic Lateral Sclerosis(ALS) 4. Aplastic Anaemia 5. Bacterial Meningitis 6. Benign Brain Tumour 7. Cerebral Metastasis 8. Coma 9. Deafness 10. Dissecting Aortic Aneurysm 11. Encephalitis 12. End Stage Liver Failure 13. End Stage Lung Disease 14. End Stage Renal Disease 15. Fulminant Hepatitis 16. Guillain- Barre Syndrome 17. Invasive Cancer 18. Loss of Limbs 19. Loss of Speech

20. Major Burns 21. Major Head Trauma 22. Medullary Cystic Disease 23. Meningeal Tuberculosis 24. Motor Neuron Disease 25. Multiple Sclerosis 26. Paralysis 27. Parkinson’s Disease 28. Progressive Bulbar Palsy (PBP) 29. Progressive Muscular Atrophy (PMA) 30. Stroke 31. Terminal Illness 32. Total Blindness Critical Illnesses Requiring Surgery 33. Coronary Artery Bypass Surgery 34. Major Organ Transplant 35. Replacement of Heart Valve 36. Surgery for Disease of the Aorta (Aorta Surgery)

We will not pay for claims arising from any of the following: (a) critical illnesses diagnosed within 90 days from the issue date of this benefit or its last reinstatement, whichever is later; (b) any pre-existing or recurring critical illnesses which are diagnosed or which the life insured contracted prior to the issue date of this benefit or date of last reinstatement; (c) congenital abnormalities; (d) any Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including Acquired Immune Deficiency Syndrome (AIDS) and/or any mutations, derivation or variations thereof; (e) attempted suicide or self-inflicted injury while sane or insane; (f) taking or absorbing, accidentally or otherwise, any intoxicating liquor, sedative or poison drug, narcotic or medicine, except as prescribed by a Doctor; and (g) inhaling any gas or fumes except if inhalation is accidental AND in the course of duty. Note :

This benefit automatically renews every five years with a premium adjustment every 5th anniversary of the policy. We may change the premium rate of this benefit from time to time but not more often than once a year, subject to the approval of the Insurance Commission. We will advise you by written notice as to the new premium rate prior to the renewal date.

Premium Schedule Duration 1-5 6-10 11-15 16-20 21-25 26-30

Critical Illness Benefit Premium 3,045.00 4,915.00 7,315.00 11,190.00 15,970.00 21,270.00

Duration 31-32

Critical Illness Benefit Premium 27,635.00

*The CIB Face Amount will be subject to Financial Underwriting.

VL r8.28.00.0000

This is only an illustration. 0894220504221237

Page 4 of 7

Lyndon Bascos Soriano Sun MaxiLink Prime - Non-Smoker Face Amount: Ps 750,000.00

38 (Male) Total Initial Premium to be Billed: Ps 54,415.00

Illustration of Rider Premiums Rider Premiums End of Attained Year Age

Premiums Paid

Total Rider Premiums

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58

54,415 54,415 54,415 54,415 54,415 56,285 56,285 56,285 56,285 56,285 7,315 7,315 7,315 7,315 7,315 11,190 11,190 11,190 11,190 11,190

4,728 4,728 4,728 4,728 4,728 6,598 6,598 6,598 6,598 6,598 7,315 7,315 7,315 7,315 7,315 11,190 11,190 11,190 11,190 11,190

17 22 27

55 60 65

11,190 15,970 21,270

11,190 15,970 21,270

TDB*

ADB^ 893 893 893 893 893 893 893 893 893 893

CIB# 790 790 790 790 790 790 790 790 790 790

3,045 3,045 3,045 3,045 3,045 4,915 4,915 4,915 4,915 4,915 7,315 7,315 7,315 7,315 7,315 11,190 11,190 11,190 11,190 11,190 11,190 15,970 21,270

*TDB premium payment terminates at the earlier of attained age 60 and premium paying period. ^ADB premium payment terminates at the earlier of attained age 70 and premium paying period. #CIB premium payment terminates at attained age 70.

VL r8.28.00.0000

This is only an illustration. 0894220504221237

Page 5 of 7

Lyndon Bascos Soriano Sun MaxiLink Prime - Non-Smoker Face Amount: Ps 750,000.00

38 (Male) Total Initial Premium to be Billed: Ps 54,415.00

Illustration of Benefits – Index 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 of Age Year

Premiums Paid

Charges**

Fund Value 8%

4%

10%

4%

Death Benefit 8%

10%

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58

54,415 54,415 54,415 54,415 54,415 56,285 56,285 56,285 56,285 56,285 7,315 7,315 7,315 7,315 7,315 11,190 11,190 11,190 11,190 11,190

39,842 29,910 19,977 12,735 13,011 10,244 10,621 11,011 11,400 11,808 12,939 13,355 13,770 14,178 14,585 18,864 19,272 19,602 19,769 19,928

15,276 41,825 79,549 126,136 174,257 229,066 285,625 343,990 404,231 473,203 486,030 498,932 511,912 524,982 548,311 562,041 575,889 589,940 604,367 630,950

15,986 44,651 85,906 137,929 193,731 258,883 328,734 403,638 483,991 578,078 617,664 659,909 705,024 753,240 818,533 874,916 935,280 1,000,018 1,069,642 1,164,029

16,341 46,089 89,195 144,135 204,155 275,120 352,625 437,295 529,833 639,477 696,402 758,454 826,134 900,002 996,626 1,086,482 1,184,692 1,292,155 1,409,947 1,564,048

1,515,276 1,541,825 1,579,549 1,626,136 1,674,257 1,729,066 1,785,625 1,843,990 1,904,231 1,973,203 1,986,030 1,998,932 2,011,912 2,024,982 2,048,311 2,062,041 2,075,889 2,089,940 2,104,367 2,130,950

1,515,986 1,544,651 1,585,906 1,637,929 1,693,731 1,758,883 1,828,734 1,903,638 1,983,991 2,078,078 2,117,664 2,159,909 2,205,024 2,253,240 2,318,533 2,374,916 2,435,280 2,500,018 2,569,642 2,664,029

1,516,341 1,546,089 1,589,195 1,644,135 1,704,155 1,775,120 1,852,625 1,937,295 2,029,833 2,139,477 2,196,402 2,258,454 2,326,134 2,400,002 2,496,626 2,586,482 2,684,692 2,792,155 2,909,947 3,064,048

17 22 27

55 60 65

11,190 15,970 21,270

19,272 25,871 41,837

575,889 661,869 731,491

935,280 1,333,722 1,885,128

1,184,692 1,865,332 2,927,716

2,075,889 2,161,869 2,231,491

2,435,280 2,833,722 3,385,128

2,684,692 3,365,332 4,427,716

*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 65% of annual regular premium on the first policy year and 5% of annual regular premium from the second to the fifth year, all excess premiums shall be subject to a premium charge of 5%; (b) monthly periodic charge of 40% of the annual regular premium on the second year, 20% on the third year and 5% on the fourth and fifth; (c) monthly insurance charge of 200% of the Face Amount multiplied by the insurance rate determined by the Company, plus additional benefit premiums, if any; and (d) 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 currently equal to 2% of the average monthly fund balance of the preceding 5 years. It is non-guaranteed and it 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. VL r8.28.00.0000

This is only an illustration. 0894220504221237

Page 6 of 7

Lyndon Bascos Soriano Sun MaxiLink Prime - Non-Smoker Face Amount: Ps 750,000.00

38 (Male) Total Initial Premium to be Billed: Ps 54,415.00

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

VL r8.28.00.0000

This is only an illustration. 0894220504221237

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