MFS Secured Legacy

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. 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 Agreement

Consists of Guaranteed Interest Periods and Mutual Fund Sub-Accounts.

Agreement Designation

• Individual Ownership
• Offshore company or trust ownership

Mutual Fund Sub-Account Investments¹

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

Guaranteed Periods²

• Guaranteed interest periods and interest rates of 5 and 7 years
• Dollar-Cost Averaging Programs: 12-month, 6-month³

Investments

• $10,000 (U.S.) subsequent
• Maximum: $5 million (U.S.)

Investments that cause the Account Value to exceed the maximum are subject to review and approval by Sun Life Financial Investments (Bermuda) Ltd.

Charges

The product offers a 5-year declining Contingent Deferred Sales Charge (CDSC).

• There is no initial sales charge
• The annual asset charge on the Mutual Fund Investment Scheme is 1.20%. There are several Optional Product Features:
• Accelerated Contract Payment Liability: 0.50% (in addition to the annual asset charge)
• Principal Protection Plus Program (These features may not be combined)
  • 7 Year Principal Protection Plus Program: 0.90% annual fee deducted from the Account on a quarterly basis (in addition to the annual asset charge)
  • 10 Year Principal Protection Plus Program: 0.60% annual fee deducted from the Account on a quarterly basis (in addition to the annual asset charge)
• The declining Contingent Deferred Sales Charge is based on the number of years the account is open (7%, 7%, 6%, 6%, 5%). This charge ends at the end of the fifth Account Year regardless of subsequent Investments
• Annual $100 (U.S.) account fee waived if:
  • entire Account Value invested in fixed account for entire previous Account Year, or
  • total Account Value is $100,000 (U.S.) or greater on Account Anniversary

Access to Money

During the initial five Account Years, up to 10% of total Investments can be withdrawn each year without a withdrawal charge⁴.

Transfers

• Transfers are permitted subject to the terms and restrictions as outlined in the MFS Secured Legacy Offering Document and Funds' Prospectuses
• Transfers from the Guarantee Periods are subject to an Early Withdrawal Adjustment

Early Withdrawal Adjustment (EWA)

Amounts transferred or withdrawn from the Guarantee Period(s) prior to the applicable renewal date may be decreased or increased on the basis of 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. An Early Withdrawal Adjustment may affect principal.

Account Maturity Date (AMD)

On the AMD the account value may be paid to the Participant.

The AMD is no later than the month following the Designated Participant's 96th birthday.

Accelerated Contract Payment Liability (ACPL)

This feature, if selected, protects the Indirect Participant(s) against any loss of the investment, as defined below, if the Designated Participant dies prior to the AMD, the Indirect Participant may continue the Agreement or elect to receive the ACPL. The ACPL is greatest of:

• 100% of Investments adjusted for withdrawals⁵
• Account Value on ACPL date
• Highest Account Value on any Account Anniversary prior to age 81^5,6,7
• Cash surrender value on ACPL date
• If the Accelerated Contract Payment Liability option was not chosen, the Indirect Participant(s) will receive the Participant's Cash Surrender Value

Principal Protection Plus Program

(Choice of 7 or 10 years)

Participants who select the Principal Protection Plus Program are guaranteed that on their Program Maturity Date, if their Account Value is less than the Principal Protection Plus Amount ("PPP Amount") a credit will be made to bring the Account Value up to the PPP Amount. If the 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.

For a complete description of the charges, benefits (including the step-up feature, revocation, and renewal), and restrictions on this Optional Product Feature, please refer to the MFS Secured Legacy Offering Document.

Optional Programs

• Dollar-Cost Averaging Program³
• Secured Future Program®
• Portfolio Rebalancing
• Interest Out Program
• Asset Allocation Program⁸
  • Participant may choose to participate in asset allocation models made up of funds from a variety of investment managers

Professional Management

Sun Life Financial Investments (Bermuda) Ltd. (SLFI)

• A member of Sun Life Financial group of companies, SLFI is a subsidiary of Sun Life Assurance Company of Canada
• SLFI issues the MFS Secured Legacy Agreement
• Guarantor of the Accelerated Contract Payment Liability and Principal Protection Plus Program

Butterfield Trust (Bermuda) Limited

• Formed in 1968
• Wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited
• Provider of trust and custody services

The Mutual Fund Sub-Accounts, Product Options, and Optional Programs your client chooses should correspond to your client’s financial needs, goals, and risk tolerance.

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