Non-Standardized - Sun Life Financial Masters Flex II Variable Annuity

Transcription

1 Non-Standardized - Sun Life Financial Masters Flex II Variable Annuity Sub Account Fund Company 1 Mon 3 Mon YTD 1 Year 3 Years 5 Years 10 Years AllianceBernstein Balanced Wealth Strategy Portfolio (Class B) Since Fund AllianceBernstein 3.97% 5.22% 8.48% 8.48% -3.05% 1.09% % 07/01/2004 BlackRock Global Allocation V.I. Fund (Class III) BlackRock 4.47% 5.3% 7.95% 7.95% 0.48% 5.92% 5.65% 6.21% 02/28/1992 Fidelity VIP Balanced Portfolio (Service Class 2) Invesco Van Kampen V.I. Equity and Income Fund (Series II) (b) Fidelity 5.86% 9.83% 15.82% 15.82% 0.67% 3.65% 2.51% 4.6% 01/03/1995 Invesco 5.49% 7.96% 10.18% 10.18% 0.31% 2.58% % 04/30/2003 MFS Global Tactical Allocation Portfolio % 1.24% 3.57% 3.57% -0.99% 3.58% 4.35% 6.56% 11/07/1994 MFS Government Securities Portfolio -1.49% -2.2% 2.77% 2.77% 3.91% 3.72% 3.38% 5.04% 06/12/1985 MFS Total Return Portfolio S Class (f) 3.6% 4.82% 7.88% 7.88% -1.28% 1.62% 2.3% 6.72% 05/11/1988 PIMCO Global Multi-Asset Portfolio (Advisor) PIMCO 3.61% 3.82% 9.5% 9.5% % 04/15/2009 SC BlackRock Inflation Protected Bond Fund Sun Capital -1.9% -1.74% 3.18% 3.18% % 10/01/2008 SC Goldman Sachs Short Duration Fund Sun Capital -0.37% -0.7% 0.47% 0.47% % 03/07/2008 SC Ibbotson Balanced Fund Sun Capital 3.72% 5.48% 9.98% 9.98% % 10/01/2008 SC Ibbotson Conservative Fund (n) Sun Capital 2.2% 3.44% 7.84% 7.84% % 10/01/2008 SC PIMCO Total Return Fund Sun Capital -1.03% -1.61% 5.51% 5.51% % 10/01/2008 Sun Capital Investment Grade Bond Fund Sun Capital -1.11% -0.79% 5.73% 5.73% 2.5% 2.54% 3.29% 3.15% 12/07/1998 Sun Capital Money Market Fund (p) Sun Capital -0.14% -0.42% -1.65% -1.65% -1% 0.49% 0.13% 0.66% 12/07/1998 Non-standardized performance includes the historical performance of each underlying fund since the "Fund Date", that is, the date the fund commenced investment operations. Because some of the performance shown may predate the separate account, non-standardized performance is hypothetical and is provided for your convenience. The performance shown reflects all variable account annual expenses, but does not reflect the contract charge of $50, the deduction of withdrawal charges, or the cost of any additional benefit options. Selection of an optional benefit would reduce the performance shown. Performance results of the Sub-Accounts of Sun Life Financial Masters Flex II Variable Annuity assume a $1,000 initial Purchase Payment was invested in shares of each of the Funds displayed in the table above. All performance results, shown on this page, reflect the deduction of the following expenses: Annual Fund Operating Expenses (including 12b-1 fees) of each Fund, the 1.30 Mortality and Expense Risks Charge, the 0.15% Administrative Expense Charge and the 0.20% Distribution Fee These performance results do not reflect the expenses associated with any optional death benefit or living benefit. Selection of an optional benefit would reduce the performance shown. Page 1 of 7

2 (j) Formerly known as SC Oppenheimer Large Cap Core Fund. (k) Formerly known as SC Oppenheimer Main Street Small Cap Fund. (m) Formerly known as SC Dreman Small Cap Value Fund. (n) Formerly known as SC Ibbotson Moderate Fund. (o) Formerly known as SC AIM Small Cap Growth Fund. IMPORTANT DISCLOSURES This material must be accompanied or preceded by a current prospectus for Sun Life Financial Masters Flex II Variable Annuity, which contains important information about the variable annuity, including Contract charges, and about the underlying Funds. Before investing, you should consider the investment objectives, risks, and all expenses of the Funds, which can be found in the individual prospectuses for the Funds. Prospectuses for the Variable Annuity and the underlying Funds can be found at Read all prospectuses carefully before investing. Not all Funds listed above are available to every Owner. There is a 10% federal penalty tax on certain withdrawals of earnings prior to age 591/2, and all withdrawals are subject to qualified retirement plan provisions. In addition, earnings are subject to ordinary income tax. Taxes are due upon withdrawal from the contract. Withdrawals proportionately reduce the death benefit. Investment in a money market fund is not insured or guaranteed by the Federal Insurance Deposit Corporation or any other government agency, and although High yield bonds carry greater credit risk than higher quality bonds. Small- and emerging-growth company stocks may carry more risk and volatility than larger, more established company stocks. International investing is subject to political changes and fluctuations in currency. Real estate investments involve risks such as refinancing, economic impact on industry, changes in property values, dependency or management skills and risks similar to small company investing. Sector portfolios and concentrated portfolios with fewer securities may be subject to greater price volatility. Although some of the underlying funds may have names or investment objectives similar to retail mutual funds managed by the same investment advisor, the underlying funds will not have the same holdings or performance as retail mutual funds. Variable annuities are intended for long-term retirement planning goals. The Contracts are issued by Sun Life Assurance Company of Canada (U.S.) and distributed by Sun Life Financial Distributors, Inc. Both companies are members of the Sun Life Financial group of companies. The policy form number(s) for the Sun Life Financial Masters Flex II Variable Annuity are RFFII-GR-CERT-02, RFFII-GR-CERTPR-02, RFFIIIND-MVA-02, RFFII-IND-MVAPR-02 (may be followed by state abbreviation in some states). NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY Page 2 of 7

3 Adjusted Non-Standardized - Sun Life Financial Masters Flex II Variable Annuity Sub Account Fund Company 1 Year 3 Years 5 Years 10 Years Since Fund AllianceBernstein Balanced Wealth Strategy Portfolio (Class B) BlackRock Global Allocation V.I. Fund (Class III) Fidelity VIP Balanced Portfolio (Service Class 2) Invesco Van Kampen V.I. Equity and Income Fund (Series II) (b) AllianceBernstein 0.51% -5.22% 0.99% % 07/01/2004 BlackRock 0.02% -1.79% 5.83% 5.57% 6.15% 02/28/1992 Fidelity 7.72% -1.61% 3.55% 2.41% 4.53% 01/03/1995 Invesco 2.08% -1.96% 2.48% % 04/30/2003 MFS Global Tactical Allocation Portfolio - MFS Government Securities Portfolio MFS Total Return Portfolio (f) -4.01% -3.21% 3.49% 4.27% 6.5% 11/07/ % 1.61% 3.63% 3.3% 4.99% 06/12/ % -3.5% 1.52% 2.21% 6.67% 05/11/1988 PIMCO Global Multi-Asset Portfolio (Advisor) SC BlackRock Inflation Protected Bond Fund SC Goldman Sachs Short Duration Fund PIMCO 1.45% % 04/15/2009 Sun Capital -4.37% % 10/01/2008 Sun Capital -6.86% % 03/07/2008 SC Ibbotson Balanced Fund Sun Capital 1.89% % 10/01/2008 SC Ibbotson Conservative Fund S Class (n) Sun Capital -0.08% % 10/01/2008 SC PIMCO Total Return Fund Sun Capital -2.23% % 10/01/2008 Sun Capital Investment Grade Bond Fund Sun Capital Money Market Fund S Class (p) (7-day yield: -1.98%)(q) Sun Capital -2.02% 0.18% 2.44% 3.21% 3.06% 12/07/1998 Sun Capital -8.81% -3.21% 0.39% 0.03% 0.57% 12/07/1998 Adjusted non-standardized performance includes the historical performance of each underlying fund since the fund's " Date," that is, the date the fund commenced investment operations. Because at least some of the performance shown may predate the separate account, adjusted non-standardized performance is hypothetical and is provided for your convenience. Adjusted non-standardized performance is reduced by the maximum 8% withdrawal charge, which declines over 4 years according to the following schedule: 8%,8%,7%,6%,0%. The performance shown reflects all variable account annual charges and the contract charge of $50, but does not reflect the cost of any additional benefit options. Selection of an optional benefit would reduce the performance shown. Performance results of the Sub-Accounts of Sun Life Financial Masters Flex II Variable Annuity assume a $1,000 initial Purchase Payment was invested in shares of each of the Funds displayed in the table above. All performance results, shown on this page, reflect the deduction of the following expenses: Annual Fund Operating Expenses (including 12b-1 fees) of each Fund, the 1.30 Mortality and Expense Risks Charge, the 0.15% Administrative Expense Charge and the 0.20% Distribution Fee These performance results do not reflect the expenses associated with any optional death benefit or living benefit. Selection of an optional benefit would reduce the performance shown. (j) Formerly known as SC Oppenheimer Large Cap Core Fund. (k) Formerly known as SC Oppenheimer Main Street Small Cap Fund. (m) Formerly known as SC Dreman Small Cap Value Fund. (n) Formerly known as SC Ibbotson Moderate Fund. (o) Formerly known as SC AIM Small Cap Growth Fund. (q) Based on seven days ending on 12/31/2010 with dividends annualized. The yield quotation more closely reflects the current earnings of this Money Market Fund than the total return quotation. IMPORTANT DISCLOSURES This material must be accompanied or preceded by a current prospectus for Sun Life Financial Masters Flex II Variable Annuity, which contains important information about the variable annuity, including Contract charges, and about the underlying Funds. Before investing, you should consider the investment objectives, risks, and all expenses of the Funds, which can be found in the individual prospectuses for the Funds. Prospectuses for the Variable Annuity and the underlying Funds can be found at Read all prospectuses carefully before investing. Not all Funds listed above are available to every Owner. There is a 10% federal penalty tax on certain withdrawals of earnings prior to age 591/2, and all withdrawals are subject to qualified retirement plan provisions. In addition, earnings are subject to ordinary income tax. Taxes are due upon withdrawal from the contract. Withdrawals proportionately reduce the death benefit. Page 3 of 7

4 Investment in a money market fund is not insured or guaranteed by the Federal Insurance Deposit Corporation or any other government agency, and although High yield bonds carry greater credit risk than higher quality bonds. Small- and emerging-growth company stocks may carry more risk and volatility than larger, more established company stocks. International investing is subject to political changes and fluctuations in currency. Real estate investments involve risks such as refinancing, economic impact on industry, changes in property values, dependency or management skills and risks similar to small company investing. Sector portfolios and concentrated portfolios with fewer securities may be subject to greater price volatility. Although some of the underlying funds may have names or investment objectives similar to retail mutual funds managed by the same investment advisor, the underlying funds will not have the same holdings or performance as retail mutual funds. Variable annuities are intended for long-term retirement planning goals. The Contracts are issued by Sun Life Assurance Company of Canada (U.S.) and distributed by Sun Life Financial Distributors, Inc. Both companies are members of the Sun Life Financial group of companies. The policy form number(s) for the Sun Life Financial Masters Flex II Variable Annuity are RFFII-GR-CERT-02, RFFII-GR-CERTPR-02, RFFIIIND-MVA-02, RFFII-IND-MVAPR-02 (may be followed by state abbreviation in some states). NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY Page 4 of 7

5 Standardized - Sun Life Financial Masters Flex II Variable Annuity Sub Account Fund Company 1 Year 3 Years 5 Years 10 Years Since Variable Account AllianceBernstein Balanced Wealth Strategy Portfolio (Class B) BlackRock Global Allocation V.I. Fund (Class III) Fidelity VIP Balanced Portfolio (Service Class 2) Invesco Van Kampen V.I. Equity and Income Fund (Series II) (b) AllianceBernstein 0.51% % 02/01/2008 BlackRock 0.02% % 10/20/2008 Fidelity 7.72% -1.61% % 03/05/2007 Invesco 2.08% % 02/01/2008 MFS Global Tactical Allocation Portfolio - MFS Government Securities Portfolio MFS Total Return Portfolio (f) -4.01% -3.21% 3.49% 4.27% 6.5% 11/07/ % 1.61% 3.63% 3.3% 4.41% 11/30/ % -3.5% 1.52% 2.21% 6.27% 11/30/1989 PIMCO Global Multi-Asset Portfolio (Advisor) SC BlackRock Inflation Protected Bond Fund SC Goldman Sachs Short Duration Fund PIMCO 1.45% % 08/17/2009 Sun Capital -4.37% % 10/20/2008 Sun Capital -6.86% % 03/07/2008 SC Ibbotson Balanced Fund Sun Capital 1.89% % 10/20/2008 SC Ibbotson Conservative Fund S Class (n) Sun Capital -0.08% % 10/20/2008 SC PIMCO Total Return Fund Sun Capital -2.23% % 10/20/2008 Sun Capital Investment Grade Bond Fund Sun Capital Money Market Fund S Class (p) (7-day yield: -1.98%)(q) Sun Capital -2.02% 0.18% 2.44% 3.21% 3.05% 12/14/1998 Sun Capital -8.81% -3.21% 0.39% 0.03% 0.56% 12/14/1998 Standardized performance includes historical returns that reflect the performance of each underlying fund since the "Variable Account Date", that is, the date the fund was first offered as an investment option in the variable separate account containing the Sun Life Financial Masters Flex II Variable Annuity variable annuity. For funds with a performance history of less than one year, performance results are not annualized. Standardized performance is reduced by the maximum 8% withdrawal charge, which declines over 4 years according to the following schedule: 8%,8%,7%,6%,0%. The performance shown reflects all variable account annual expenses and the annual contract charge of $50 but does not reflect the cost of any additional benefit options. Selection of an optional benefit would reduce the performance shown. Performance results of the Sub-Accounts of Sun Life Financial Masters Flex II Variable Annuity assume a $1,000 initial Purchase Payment was invested in shares of each of the Funds displayed in the table above. All performance results, shown on this page, reflect the deduction of the following expenses: Annual Fund Operating Expenses (including 12b-1 fees) of each Fund, the 1.30 Mortality and Expense Risks Charge, the 0.15% Administrative Expense Charge and the 0.20% Distribution Fee These performance results do not reflect the expenses associated with any optional death benefit or living benefit. Selection of an optional benefit would reduce the performance shown. (j) Formerly known as SC Oppenheimer Large Cap Core Fund. (k) Formerly known as SC Oppenheimer Main Street Small Cap Fund. (m) Formerly known as SC Dreman Small Cap Value Fund. (n) Formerly known as SC Ibbotson Moderate Fund. (o) Formerly known as SC AIM Small Cap Growth Fund. (q) Based on seven days ending on 12/31/2010 with dividends annualized. The yield quotation more closely reflects the current earnings of this Money Market Fund than the total return quotation. IMPORTANT DISCLOSURES This material must be accompanied or preceded by a current prospectus for Sun Life Financial Masters Flex II Variable Annuity, which contains important information about the variable annuity, including Contract charges, and about the underlying Funds. Before investing, you should consider the investment objectives, risks, and all expenses of the Funds, which can be found in the individual prospectuses for the Funds. Prospectuses for the Variable Annuity and the underlying Funds can be found at Read all prospectuses carefully before investing. Not all Funds listed above are available to every Owner. There is a 10% federal penalty tax on certain withdrawals of earnings prior to age 591/2, and all withdrawals are subject to qualified retirement plan provisions. In addition, Page 5 of 7

6 earnings are subject to ordinary income tax. Taxes are due upon withdrawal from the contract. Withdrawals proportionately reduce the death benefit. Investment in a money market fund is not insured or guaranteed by the Federal Insurance Deposit Corporation or any other government agency, and although High yield bonds carry greater credit risk than higher quality bonds. Small- and emerging-growth company stocks may carry more risk and volatility than larger, more established company stocks. International investing is subject to political changes and fluctuations in currency. Real estate investments involve risks such as refinancing, economic impact on industry, changes in property values, dependency or management skills and risks similar to small company investing. Sector portfolios and concentrated portfolios with fewer securities may be subject to greater price volatility. Although some of the underlying funds may have names or investment objectives similar to retail mutual funds managed by the same investment advisor, the underlying funds will not have the same holdings or performance as retail mutual funds. Variable annuities are intended for long-term retirement planning goals. The Contracts are issued by Sun Life Assurance Company of Canada (U.S.) and distributed by Sun Life Financial Distributors, Inc. Both companies are members of the Sun Life Financial group of companies. The policy form number(s) for the Sun Life Financial Masters Flex II Variable Annuity are RFFII-GR-CERT-02, RFFII-GR-CERTPR-02, RFFIIIND-MVA-02, RFFII-IND-MVAPR-02 (may be followed by state abbreviation in some states). NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY Page 6 of 7

7 Unit Values - Sun Life Financial Masters Flex II Variable Annuity Sub Account AllianceBernstein Balanced Wealth Strategy Portfolio (Class B) Value $ Change (compared to previous day) % Change (compared to previous day) $10.12 $ % BlackRock Global Allocation V.I. Fund (Class III) $12.93 $ % Fidelity VIP Balanced Portfolio (Service Class 2) $10.95 $ % Invesco Van Kampen V.I. Equity and Income Fund (Series II) (b) $11.07 $ % MFS Global Tactical Allocation Portfolio - $10.35 $ % MFS Government Securities Portfolio $12.58 $ % MFS Total Return Portfolio (f) $14.48 $ % PIMCO Global Multi-Asset Portfolio (Advisor) $11.69 $ % SC BlackRock Inflation Protected Bond Fund $11.27 $ % SC Goldman Sachs Short Duration Fund $10.39 $ % SC Ibbotson Balanced Fund $13.49 $ % SC Ibbotson Conservative Fund (n) $12.51 $ % SC PIMCO Total Return Fund $11.92 $ % Sun Capital Investment Grade Bond Fund $11.73 $ % Sun Capital Money Market Fund (p) $ % (j) Formerly known as SC Oppenheimer Large Cap Core Fund. (k) Formerly known as SC Oppenheimer Main Street Small Cap Fund. (m) Formerly known as SC Dreman Small Cap Value Fund. (n) Formerly known as SC Ibbotson Moderate Fund. (o) Formerly known as SC AIM Small Cap Growth Fund. The above table displays the unit values for Sun Life Financial Masters Flex II Variable Annuity sub-accounts which are updated at the close of the last/most recent business day. Page 7 of 7