Venus

A prudent solution that will pass your substantial accumulated wealth from generation to generation, building enough momentum to bring your dreams to life. Venus is a participating insurance plan that offers potential long-term wealth growth with just one single payment of premium at the start of the plan. With Venus, your wealth will have the chance to multiply before passing simply and efficiently to the next generation, without incurring transaction costs.

From now until September 30, 2020, you may enjoy a 2.5% premium discount on Single Premium paid if you successfully apply for Venus.

The above offer is subject to terms and conditions, please refer to the promotion leaflet for details.

Highlights:

Financial goal:
To accumulate wealth stably with security for legacy planning

How can Venus help you?

This plan offers Change of Coverage Option1 and Change of Insured Option1 to the policy owner when necessary for giving flexibility in legacy planning

This plan offers Guaranteed Cash Value, a non-guaranteed Reversionary Bonus2 and a non-guaranteed Terminal Bonus2, enabling you to reap the lasting rewards of your wealth

To meet your cash flow needs in different life stage, this plan offers the option to withdraw all or part of the cash value of the accumulated Reversionary Bonus (if any)3

Easy application. No medical examinations or questions are required4, so you can embark on your wealth accumulation journey without delay and make your dreams a reality

Mr. A (age 40) started his own business 10 years ago and his business is on the right track. He would like to provide more flexibility to his future generations and give them the freedom to fulfil their own dream. Venus, which provides steadfast long-term wealth accumulation, Mr. A can choose to exercise the options to change coverage and the insured when necessary, gives him flexibility in legacy planning.

At the end of the 20th policy year, Mr. A exercises the Change of Coverage Option~ to add his daughter as one of the insureds.

At the end of the 35th policy year, Mr. A is getting old and he passes the policy to his daughter as part of his legacy.

At the end of the 45th policy year, Mr. A is at his old age. Mr. A’s daughter exercises the Change of Insured Option~ to change one of the insureds as her son.

Mr. A’s wealth can pass on to his future generations.

~Any request for exercising the Change of Coverage Option, Change of Insured Option or change of policy owner is subject to the then current administrative rules, any other requirements, and the approval of Sun Life.

The above diagram is for illustrative purpose only. All figures shown in the case are rounded to the nearest whole number. The application process is subject to the then current administrative rules. The example assumes no withdrawals. The projected returns stated in the example are based on Sun Life’s bonus scales determined under current assumed investment return and are not guaranteed.

The actual amount of total Reversionary Bonus and Terminal Bonus payable may be higher or lower than the above illustrated figures. Under some circumstances, the actual total Reversionary Bonus and Terminal Bonus may be zero. The Reversionary Bonus and Terminal Bonus may vary based on the performance of a number of experience factors, with the investment return normally being the main determinant. Other factors include, but not limited to, claim experience, policy expenses, taxes, and policy owner termination experience. For details, please refer to Bonus Philosophy under section Important Information.

Financial goal:
To build enough wealth reserves for future needs

How can Venus help you?

This plan offers Change of Coverage Option1 and Change of Insured Option1 to the policy owner when necessary for giving flexibility in legacy planning

This plan offers Guaranteed Cash Value, a non-guaranteed Reversionary Bonus2 and a non-guaranteed Terminal Bonus2, enabling you to reap the lasting rewards of your wealth

To meet your cash flow needs in different life stage, this plan offers the option to withdraw all or part of the cash value of the accumulated Reversionary Bonus (if any)3

Easy application. No medical examinations or questions are required4, so you can embark on your wealth accumulation journey without delay and make your dreams a reality

Mrs. B (age 30) is a new mom. She knows the future of her newborn son is full of uncertainties, therefore, she wants to build up her wealth reserve for her son’s future need. Venus, which helps Mrs. B to accumulate wealth with withdrawal option to fit different life stage needs.

At the end of the 40th policy year,

Mrs. B’s son plans to start his own business. Mrs. B (age 70) withdraws USD350,000* at the end of the 40th policy year to support her son’s new business. After withdrawal, the projected total Surrender Value is USD1,556,566.

At the end of the 55th policy year,

The policy value continues to accumulate, the remaining cash value of the accumulated Reversionary Bonus of USD171,900@ is available to Mrs. B (age 85) to enhance her retirement life or she may pass the policy to her son.

^The figures shown are based on assumption that no withdrawal has been made.

*The amount is withdrawn from the cash value of the accumulated Reversionary Bonus without triggering Partial Surrender. Any withdrawal from the cash value of the accumulated Reversionary Bonus will decrease the face value and cash value of the accumulated Reversionary Bonus, and will also reduce the long-term value of the policy.

#The figures shown are based on assumption that withdrawal has been made at the end of the 40th policy year only.

@This is the maximum amount Mrs. B can take out from the cash value of the accumulated Reversionary Bonus of the policy without triggering Partial Surrender. If Mrs. B chooses to take out this amount, it will decrease the face value and cash value of the accumulated Reversionary Bonus and will also reduce the long-term value of the policy.

~Any request for exercising the Change of Coverage Option, Change of Insured Option or change of policy owner is subject to the then current administrative rules, any other requirements, and the approval of Sun Life.

 

The above diagram is for illustrative purpose only. All figures shown in the case are rounded to the nearest whole number. The application process is subject to the then current administrative rules. The projected returns stated in the example are based on Sun Life’s bonus scales determined under current assumed investment return and are not guaranteed.

 

The actual amount of total Reversionary Bonus and Terminal Bonus payable may be higher or lower than the above illustrated figures. Under some circumstances, the actual total Reversionary Bonus and Terminal Bonus may be zero. The Reversionary Bonus and Terminal Bonus may vary based on the performance of a number of experience factors, with the investment return normally being the main determinant. Other factors include, but not limited to, claim experience, policy expenses, taxes, and policy owner termination experience. For details, please refer to Bonus Philosophy under section Important Information.

  1. The Change of Coverage Option and Change of Insured Option are subject to the prescribed conditions set out in the policy provisions are fulfilled. Please refer to sample policy provisions for details.
  2. Reversionary Bonus and Terminal Bonus are non-guaranteed and are subject to change from time to time at Sun Life’s sole discretion. They may vary based on the performance of a number of experience factors, with the investment return normally being the main determinant. Other factors include, but not limited to, claim experience, policy expenses, taxes, and policy owner termination experience.
  3. If you opt to withdraw the cash value of the accumulated Reversionary Bonus, the accumulated Reversionary Bonus and the long-term value of the policy will be reduced accordingly.
  4. Simplified underwriting will be required if the total Notional Amount per insured’s life is more than USD2,000,000. The application process is subject to the then current administrative rules.

The above information is a product summary only, please contact your Advisor for details. Please refer to the product brochure and sample Policy Document for details including definitions and full terms and conditions including key product risks. If there is any conflict between the Policy Document and this product summary, the Policy Document shall prevail.

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