MFS Architect Flagship

Please be aware that Sun Life Financial International will no longer accept additional purchase or investment payments into the annuity or investment contracts listed below after the close of business on September 30, 2014.

MFS Architect
MFS Architect Advantage
MFS Architect Advantage Plus
MFS Architect Flagship
MFS Secured Legacy
Sun Secured Advantage

Please note: As of December 31, 2008, we are no longer accepting new applications for MFS Architect Flagship. However existing accounts will continue to be serviced and additional payments will be accepted.

Effective, April 1st, 2013, please note that upon election of Step-Up on your account, the annual fee for the program will increase to 2.05%. Please consult with your Financial Advisor or our Client Service team if you have any questions.

The Certificate

Evidences the Participant's interest in a combination fixed/variable group annuity contract issued by Sun Life Assurance Company of Canada and was available up to age 85.

Certificate Designation

Individual Ownership
Offshore company or trust ownership

Variable Sub-Account¹

A wide variety of equity, fixed income, and capital preservation funds to help meet your needs

Fixed Account²

Guaranteed principal and interest2
Guarantee periods of: 5 and 7 years
Dollar-cost Averaging Programs: 12-month, 6-month³

Purchase Payments

$5,000 (U.S.) subsequent

Maximum: $5 million (U.S.)

Purchase Payments that cause the Account Value to exceed the maximum are subject to review and approval by Sun Life Assurance Company of Canada.

Charges

There is no initial sales charge
The base annual asset charge on the Variable Sub-Accounts is 1.65%
There are two Optional Product Features (these features cannot be combined):
- 7 Year Principal Protection Plus Program: 0.90% annual fee deducted from the Account on a quarterly basis (in addition to base annual asset charge of 1.65%)
- 10 Year Principal Protection Plus Program: 0.60% annual fee deducted from the Account on a quarterly basis (in addition to the base annual asset charge of 1.65%)
Declining Charge on withdrawals of Purchase Payments in Account for less than 5 years: 7%, 7%, 6%, 6%, 5%, 0%
Annual $100 (U.S.) account fee waived if:
- entire Account Value invested in fixed account for entire Account Year
- or Account Value is $100,000 (U.S.) or greater on Account Anniversary

Access to Money

Withdrawals that are not subject to withdrawal charge:⁴

Year one: 10% of total Purchase Payment
Years two through five the greater of:
- 10% of all Purchase Payments, whether such Payments have been previously liquidated or not or
- total earnings, adjusted for any previous free withdrawals

Transfers

Transfers are permitted subject to the terms and restrictions as outlined in the MFS Architect Flagship Specimen Certificate and the Essential Information and Product Disclosure document

Transfers from the fixed account are subject to a Market Value Adjustment

Market Value Adjustment (MVA)

Amounts transferred or withdrawn from the fixed account prior to the applicable renewal date may be decreased or increased based on the relationship between the current interest rate applicable to the balance of the Guarantee Period and the interest rate that is actually credited to the Guarantee Amount being transferred or withdrawn. A market value adjustment may affect principal.

Guaranteed Death Benefit⁵

Protects beneficiary against any loss of Purchase Payments (adjusted for withdrawals), if the Covered Person dies.

Pays greatest of:

100% of Purchase Payments, adjusted for withdrawals
Account Value on Death Benefit Date
Highest Account Value on any Account Anniversary (prior to youngest Covered Person's 81st birthday) adjusted for any subsequent Purchase Payments or Withdrawals since that anniversary
Cash Surrender Value on Death Benefit Date

PLUS, an Earnings Enhancement Benefit: an additional death benefit payment equal to 40% (or 25% if age 70 - 79 on Issue Date) of total investment earnings, with earnings capped at 200% of Adjusted Purchase Payments

SLB-2865 0218 Exp. 0220

Related resources

Forms & marketing material

Funds & performance

Interest rates

Essential information and product disclosure

Optional programs

Principal Protection Plus

Asset allocation

Dollar cost averaging

Portfolio rebalancing

Systematic withdrawal

¹The values of the Variable Sub-Accounts will fluctuate with current market, regulatory, economic or political developments and, when redeemed, may be worth more or less than their original value. Please see the MFS Meridian Funds prospectus and MFS Funds prospectus for detailed explanations of each fund's investment objectives, policies, strategies, permitted investments, associated risks, charges and expenses.

²Principal and interest in the fixed account are guaranteed by Sun Life Assurance Company of Canada when investment is held to the full length of the guarantee period. Transfers and withdrawals involving the fixed account may subject principal and interest to a market value adjustment (see Market Value Adjustment). Guarantees are based on the claims-paying ability of Sun Life Assurance Company of Canada.

³Dollar-Cost Averaging does not assure a profit nor does it protect against a loss in declining markets. The first transfer occurs when we receive the Purchase Payment. An investor should consider his or her ability to continue purchases in periods of low prices. Variable account units, when redeemed, may be worth more or less than their original value.

⁴The free withdrawal amount is not cumulative from Account Year to Account Year. The withdrawal charge applies to each Purchase Payment. Please see the MFS Architect Flagship Specimen Certificate and Essential Information and Product Disclosure Document for complete details, including all charges and expenses, including the withdrawal charge and the mortality and expense risk charges.

⁵Withdrawals will proportionately reduce the amount of the death benefit by an amount which can be greater or less than the actual amount withdrawn. For details, please see the MFS Architect Flagship Specimen Certificate and Essential Information and Product Disclosure document. The Earnings Enhancement Benefit is not available if the Covered Person is age 80 or older on the Issue Date. If the Covered Person is age 86 or older on the Issue Date, the death benefit is the cash surrender value.

⁶On the Account Anniversary following the youngest Covered Person's 85th birthday, the Earnings Enhancement Benefit will be established as if the Death Benefit Date occurred on that anniversary. This amount will remain the Earnings Enhancement Benefit amount for the duration of the Certificate. Partial withdrawals after the youngest Covered Person's 85th birthday will proportionally reduce that amount. In determining adjusted purchase payments, any contributions made after the first Account Year and within 12 months prior to the date of death will be deducted from the calculation.

⁷Asset Allocation does not assure a profit and does not protect against a loss in declining markets. The asset allocation models selected should correspond to your financial needs, goals, and risk tolerance.

MFS Architect Flagship may not be sold in the United States, nor to citizens or residents of the United States or to residents of Bermuda or Canada. Other restrictions may apply.
MFS Architect Flagship is a fixed/variable group annuity contract offered by MFS and Sun Life Assurance Company of Canada. Both companies are members of the Sun Life Financial group of companies.

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