Principal Protection Plus Program

The Principal Protection Plus Program (PPP) protects your clients' principal (the money your client put into their account) on the Program Maturity Date regardless of how the underlying investment options perform, provided the Program requirements are adhered to. Your client may select a 7- or 10-year program.

The Principal Protection Plus Program (PPP) is guaranteed by Sun Life Financial Investments (Bermuda) Ltd. The payment obligations of the issuing company as detailed in the appropriate product legal document are supported by guarantee by Sun Life Assurance Company of Canada. Only certain investment choices are eligible (for a complete list, please refer to the appropriate Product's Additional Investment Form). There is an additional fee for participation. The fee for the 10-Year PPP is 0.60% of Account Value deducted on a quarterly basis (calculated as Account Value times .0015 at the end of each quarter). The fee for the 7-Year PPP is 0.90% of Account Value deducted on a quarterly basis (calculated as Account Value times .00225 at the end of each quarter).

The Principal Protection Plus Program lets your client invest for potential growth while guaranteeing your clients' principal at the Program Maturity Date. If your client needs to accumulate assets and remain in the Principal Protection Plus Program, the program guarantees that on the Program Maturity Date:

• If your clients' Account Value is less than the initial Investment plus a percentage of any additional Investments, adjusted for partial withdrawals (known as the Principal Protection Plus Amount or "PPP Amount"), a credit will be made to bring the Account Value up to the PPP Amount
• If your client's Account Value is higher than or equal to the PPP Amount, we will credit the account with the PPP charges that were deducted from the Account

Other features and considerations

Investment Options¹

Your client may select to invest into additional funds:

Any combination of the available variable investment options (following the minimum/maximum ranges as outlined on the Additional Investment Form with the total allocation equal to 100%),

OR,

Any combination of designated funds (total must equal 100%):

OR,

One of the asset allocation models² listed on the Additional Investment form.

OR,

Either the 12-month Dollar-Cost Averaging Program or the 6-month Dollar-Cost Averaging Program and elect to transfer the assets into any one of the three investment methods listed above3

Transfers and Automatic Cancellation

Transfers among approved sub-accounts or Asset Allocation models are allowed without charge. Transfer restrictions apply; see the Additional Investment Form (SLNP-5027) for more details of eligible funds.

Step-Up Feature

The Step-Up Feature allows your client to lock in their Account Value if higher than their PPP Amount. This will extend the Program Maturity Date and may change the cost of the program. The first time your client is eligible to Step Up is on the 3rd anniversary (for 7-Year PPP) or the 5th anniversary (for 10-Year PPP).

Revocation Right

Your client may revoke the 10 year PPP benefit any time after their 7th Account Anniversary. If, at the time your client revokes, their Account Value is above or below the amount guaranteed under the PPP, your client will not receive the benefit. To receive any benefit, your client must remain in the Program until the Program Maturity Date.

Renewal

Your clients' PPP Amount is fully protected at the Program Maturity Date when they can renew the Program if it is still available, subject to the terms, conditions, and expenses of the PPP. Upon maturity of the Program, if renewal is permitted and your client chooses not to renew the Program, your clients' Account Value will become subject to market risk and, upon redemption, may be worth more or less than the original value.