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Sun Life Assurance Company of CanadaInformation Folder and Individual Variable Annuity Contract - January 2012

issued by Sun Life Assurance Company of Canadamanaged by CI Investments Inc.

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SunWiseEssentialSeriesSegregatedFunds

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Thisbooklet contains the information folder (the “Information Folder”), eachpageofwhich isnumberedbeginningwith the letter “I”, and theSunWise EssentialSeriesIndividualVariableAnnuityContract(the“Contract”),eachpageofwhichisnumberedbeginningwiththeletter“C”.

KEY FACTSThefollowingsummaryprovidesabriefdescriptionofthebasicthingsyoushouldknowbeforeyouapplyforyourContract.ThissummaryisnotyourContract.AfulldescriptionofallthefeaturesandhowtheyworkiscontainedinthisInformationFolder,theContractandtheFundFacts.Youshouldreviewthesedocumentsanddiscussanyquestionsyouhavewithyourinsuranceadvisor.

What am I getting? • This document describes the Contracts for the SunWise Essential

SeriesSegregatedFunds.TheyareofferedbySunLifeAssuranceCompanyofCanada.

• YouwillpurchaseaContractfromSunLife.YouthenwilltellSunLifeinto

whichFundsyouwantSunLifetoplacethemoneyyoupaidtopurchaseyourContract.

• SunLifegivesyoucertainguaranteesrelatingtothevalueofyourContract. • YoucanaskthatyourContractbearegisteredplan.Someoftheavailable

registeredplantypesareRRSP,RRIFandTFSA. • You may select a person who will receive some of the benefits of your

Contractwhenyoudie. • TaxruleswillapplytotheOwnerofyourContract.Taxrulesalsowillapply

toyourContractwhenyoudie.Youshouldreadthisdocumentandspeaktoyourinsuranceadvisortolearnmoreinformationaboutthesetaxrules.

The value of the Contract can go up or down, and is subject to guarantees.

What guarantees are available? • TwotypesofguaranteesareavailableundertheContract. • The first guarantee is a Maturity Benefit and applies when you reach a

certainage(mostoften100)orwhenyoudie,whicheverhappensfirst.Itiscalculatedoneoftwoways:

u Contract Maturity Benefit: If you reach the Contract Maturity Date

(mostoften,thismeansyoumustreachage100),itguaranteesthatthevalueofyourContractwillbenotlessthan75%oftheamountsyou paid to Sun Life. It also covers amounts you later add to yourContract.

u DeathBenefit:ForeachClassinyourContract,ifyoudiebeforethe

ContractMaturityDate,itguaranteesthatthepersonyouname(yourbeneficiary)will receiveaDeathBenefitequaltothegreaterofthemarketvalueoreither75%or100%oftheamountsyoupaidtoSunLife. Ifyouhavenotnamedabeneficiary,theDeathBenefitwillbepaidtoyourestate.

More information is available at:

Sections2.1,6,12.2,13,16andI-6

Section12.2

Sections12.2and13

Sections6andI-6

Section16

Sections6,13andI-6

Section13

Section13

Section13.2

Section13.3

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Section13.4

Sections12and13

Sections12.2and13

Sections12.2and13

Sections12.2and13

Sections10.1,10.3,15.3andI-7.6

Sections10.1,10.3,15.3andI-7.6

Sections10.1,10.3,13.17,15.3andI-7.6

Sections10.1,10.3,13.17,15.3andI-7.6

Sections12,I-7.1andI-7.5



What guarantees are available? • The second guarantee is optional. It is called a Guaranteed Lifetime

WithdrawalBenefit.ItguaranteesthatyouwillreceiveasteadystreamofpaymentsfromyourContractuntilyoudie.

• You will select the guarantees that you want to apply to your ContractbyselectingaClassofaFund.YoucanselectoneClassforsomeofthemoneyyoupaidforyourContract,andadifferentClassfortheothermoneyyoupaidforyourContract.

u InvestmentClass:Providesthe75%ContractMaturityBenefitor75%

DeathBenefitdescribedabove. u Estate Class: Provides the 75% Contract Maturity Benefit or 100%

DeathBenefitdescribedabove. u IncomeClass:Providesthe75%ContractMaturityBenefitor100%

Death Benefit described above. It also provides the GuaranteedLifetimeWithdrawalBenefit.

• Therearefeeschargedforprovidingtheguarantees: u InvestmentClass:ThefeeforprovidingtheguaranteesforInvestment

Class are paid by the Fund or out of your Contract. The fee is anannualpercentageofthevalueofInvestmentClassUnitsandrangesfrom0.10%to0.70%,dependingontheFund.

u EstateClass: The fee forproviding theguarantees forEstateClass

ispaid in twoparts.Thefirstpart ispaideitherby theFundoroutof your Contract. It is the same as for Investment Class describedabove.ThesecondpartispaidoutofyourContractandisanannualpercentageofanamountusedtocalculateyourDeathBenefit.Thetotalcostrangesfrom0.25%to0.95%,dependingontheFund.

u IncomeClass:ThefeesforprovidingtheguaranteesforIncomeClass

arepaidoutofyourContract.Thefeesareanannualpercentageofthe amount we use for keeping track of your Guaranteed LifetimeWithdrawal Benefit. The total cost ranges from 0.47% to 1.45%,dependingontheFund.

u WhenafeeispaidoutofyourContract,itiscollectedquarterly. • Amounts that you withdraw early from your Contract will reduce the

guaranteesunderyourContract.Forfulldetails,pleaseseeSection13oftheContract.

What investments are available? • YoumaychoosefromalargenumberofFunds. • NotallFundsareavailableforeachClass. • SeetheFundFactsthatcomewiththisdocumentformore

informationabouttheFunds.

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Sections5,10,11,13.17and15.3

Sections5,10,13.17,15.3andI-7.6

Section11

Section11

Section2

Sections5and12

Sections5and14

Section3

Section8.1

Section13.12

SectionI-4.1

SectionI-4.1

How much will this cost? • EachFundpaysitsexpensesoutofitsassets. • There are management fees and fees to cover the cost of providing the

guarantees. Sometimes these fees are paid out of a Fund’s assets andsometimestheyarepaidoutofyourContract.

• WhenyoupurchaseyourContractoraddmoneytoit,youmaypayeither

acommissiontoyourinsuranceadvisor,oradeferredsaleschargetouswhenyouwithdrawthatinvestment.

• You may be charged a fee if you change Funds or Classes, or if you

withdrawaninvestmentoutofaFundwithin30daysafteryoumadeit.What can I do after I purchase this contract? • YoucanaddmoremoneytoyourContractatalaterdate. • YoucanchangetheFundsinwhichyouwanttobeinvested. • YoucanchangetheClassesforsomeorallofyourinvestmentstodifferent

Classeswithdifferentguarantees. • YoucanwithdrawsomeorallofyourmoneyfromyourContractatanytime. • Youcanchoosetostartreceivingaseriesofannuitypaymentsatanytime.

ThiswillhappenautomaticallyontheContractMaturityDate. • IfyouareusingIncomeClass,youcanchoosewhentobeginthepayments

undertheGuaranteedLifetimeWithdrawalBenefit. • Taking any action described above may result in a positive or negative

outcomeforyou.

What information will I receive about my contract? • At leastonceayear,youwill receive informationsummarizingthevalue

of the investments under your Contract, including a summary of all thetransactionsyoumade.

• Theannualauditedfinancialstatementsandsemi-annualunauditedfinancial

statementsofeachFundareavailableonourwebsiteoruponrequest.

Sun Life does not guarantee the performance of the Funds. You should carefully consider your tolerance for risk when you select a Fund.

Certain restrictions and other conditions may apply. You should review the Contract for your rights and obligations and discuss any questions with your insurance advisor.

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TheheadofficeofCIInvestmentsInc.,whichhasbeenappointedbySunLife Assurance Company of Canada to perform certain administrativeandmanagementserviceson itsbehalf in relation to theFundsand theContract, is located at 2 Queen Street East, Twentieth Floor, Toronto,Ontario,M5C3G7.

YouhavecertainrightsintheeventofaFundamentalChangetoaFundofwhichyourContractisallocatedUnits.SeeSection4oftheContractforadditionalinformation.

Any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value.

Can I change my mind? • YoucanchangeyourmindaboutpurchasingtheContractoraddingmore

moneytoyourContract.Youmustdothiswithintwobusinessdaysafterthedateyoureceivedconfirmationofyourpurchaseoraddition.Youwillbedeemed tohave received theconfirmationfivebusinessdaysafter itwasmailedbyus.Youhavetotellusinwritingthatyouwanttocancel.TheamountreturnedwillbetheamountyouinvestedorthevalueofyourinvestmentsunderyourContract,whicheverisless.Theamountreturnedwillincludearefundofanysalescommissionsorotherfeesyoupaid.

Where can I get more information or help?

• Foradditionalinformation,pleasecontactCIInvestmentsInc.,onbehalfofSunLifeAssuranceCompanyofCanada,at:

CIInvestments

15YorkStreet,2ndFloor Toronto,Ontario M5J0A3 Phone:1-800-792-9355 Email:[email protected]. • For information about handling issues you are unable to resolve with

Sun Life, contact the OmbudService for Life and Health Insurance at1-800-268-8099oronthewebatwww.olhi.ca.

• For information about additional protection that is available for all life

insurancecontractholders,contactAssuris,acompanyestablishedbytheCanadianlifeinsuranceindustry.Seewww.assuris.cafordetails.

• Forinformationconcerninghowtocontacttheinsuranceregulatorinyour

province, visit the Canadian Council of Insurance Regulators website atwww.ccir-ccrra.org.


Section1.11

Certificate

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The InformationFolderprovidesbriefandplaindisclosureofallmaterial facts relating to theSunWise EssentialSeries IndividualVariableAnnuityContractissuedbySunLifeAssuranceCompanyofCanada.

KevinP.Dougherty KariHoldsworth President,SunLifeFinancialCanada VicePresident,IndividualWealthManagement SunLifeAssuranceCompanyofCanada SunLifeAssuranceCompanyofCanada

TableofContents

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SUNWISEESSENTIALSERIESSEGREGATEDFUNDS.......................... i-1

KEYFACTS............................................................................................. i-1

CERTIFICATE........................................................................................... i-5

SUNWISE ESSENTIAL SERIES INDIVIDUAL VARIABLE

ANNUITY CONTRACT

SECTION1GENERAL............................................................................C-1

1.1 Generaldefinitions....................................................................C-1

1.2 Administrativepolicies..............................................................C-5

1.3 NatureoftheContract..............................................................C-5

1.4 Givingusyourinstructions........................................................C-5

1.5 Actionstobetakenbyus..........................................................C-5

1.6 Payment.....................................................................................C-5

1.7 Ageandsurvival........................................................................C-5

1.8 Loanprovisions..........................................................................C-5

1.9 Natureofyourinvestment........................................................C-5

1.10 AdditionalinformationwhichformspartoftheContract........C-6

1.11 Rightsofrescission...................................................................C-6

SECTION2PREMIUMSANDDEPOSITS..............................................C-6

2.1 Generalinformation...................................................................C-6

2.2 PayingPremiums.......................................................................C-7

2.3 AutomaticregularPremiums.....................................................C-7

2.4 RestrictionduringConcludingDecade......................................C-7

2.5 AgerestrictionsrespectingDepositsandContractissue........C-7

SECTION3WITHDRAWALS.................................................................C-7


3.2 Automaticwithdrawalplans.....................................................C-8

3.3 Paymentofwithdrawals............................................................C-8

SECTION4FUNDAMENTALCHANGES...............................................C-8


4.2 YourrightsintheeventofaFundamentalChange..................C-8

SECTION5TRANSFERS........................................................................C-9


5.2 Lumpsumtransfers...................................................................C-9

5.3 Systematictransferplan...........................................................C-9

SECTION6REGISTEREDCONTRACTS.................................................C-9


6.2 TypesofRegisteredContracts................................................C-10

SECTION7NON-REGISTEREDCONTRACTS......................................C-10

7.1 Ownership................................................................................C-10

7.2 JointAnnuitantContracts.......................................................C-11

SECTION8CONTRACTMATURITYDATEANDTERMINATION........C-11

8.1 Annuityprovisions...................................................................C-11

8.2 Termination..............................................................................C-12

SECTION9VALUATION......................................................................C-12

9.1 AssetsoftheFunds.................................................................C-12

9.2 MarketvalueoftheassetsofaFund.....................................C-12

9.3 ClassValue..............................................................................C-12

9.4 UnitValue................................................................................C-12

9.5 TotalContractValue................................................................C-13

SECTION10INSURANCEFEES,MANAGEMENTFEESANDOTHER

FEESANDEXPENSES....................................................C-13

10.1 InsuranceFees.........................................................................C-13

10.2 ManagementFees...................................................................C-14

10.3 ChangestoInsuranceFeesandManagementFees...............C-14

10.4 ManagementFeesofUnderlyingFunds;

OperatingExpenses.................................................................C-14

10.5 Recoveryofexpensesandinvestmentlosses........................C-14

SECTION11SALESCHARGEOPTIONSANDEARLY

WITHDRAWALFEES........................................................C-14

11.1 Feeoptions..............................................................................C-14

11.2 Earlywithdrawalfees..............................................................C-15

SECTION12AVAILABILITYOFCLASSESANDFUNDS.....................C-15

12.1 General.....................................................................................C-15

12.2 AllocatingDepositstoaFundandClass................................C-16

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SECTION13GUARANTEEDBENEFITS...............................................C-16

13.1 MaturityBenefit.......................................................................C-16

13.2 ContractMaturityBenefit........................................................C-16

13.3 DeathBenefit...........................................................................C-17

13.4 GuaranteedLifetimeWithdrawalBenefit

(IncomeClassOnly)-Overview...............................................C-19

13.5 MakingDepositstoIncomeClass...........................................C-20

13.6 EstablishingtheGuaranteedLifetimeWithdrawalBenefit....C-20

13.7 SelectingtheLWAIncomeStream.........................................C-20

13.8 TrackingtheGuaranteedLifetimeWithdrawalBenefit..........C-20

13.9 CalculatingtheLifetimeWithdrawalAmount(LWA).............C-21

13.10 LWABaseAdditions................................................................C-21

13.11 Increasesfor5%Bonuses.......................................................C-22

13.12 PaymentInstructions...............................................................C-22

13.13 GLWBResets...........................................................................C-23

13.14 EarlyWithdrawals...................................................................C-23

13.15 ExcessWithdrawals................................................................C-23

13.16 RestrictionsduringtheGuaranteedPaymentPhase..............C-24

13.17 LWABaseFees........................................................................C-24

13.18 TimingofAdjustmentstotheGuaranteedLifetime

WithdrawalBenefit.................................................................C-24

13.19 LWAProtectionService...........................................................C-24

13.20 GuaranteedLifetimeWithdrawalBenefitExceptions

forAnnuitantsandRegisteredContracts................................C-24

SECTION14CHANGINGGUARANTEEDBENEFITS...........................C-25

14.1 ReclassifyingUnitsbetweenClasses.....................................C-25

SECTION15PRIVATEINVESTMENTMANAGEMENT(PIM).............C-26

15.1 EligibilityforPIM.....................................................................C-26

15.2 GuaranteedBenefits................................................................C-26

15.3 InsuranceFees,PIMManagementFees

andLWABaseFees...................................................................C-26

15.4 PIMInvestmentAdvisoryFee..................................................C-27

SECTION16BENEFICIARIES...............................................................C-27

16.1 Generalinformation.................................................................C-27

16.2 Beneficiaries............................................................................C-27

SECTION17THESEGREGATEDFUNDS.............................................C-27

SECTION18ENDORSEMENTS...........................................................C-28

INFORMATION FOLDER

SECTIONI-1GENERALINFORMATION................................................. I-1

I-1.1 NatureofSegregatedFunds...................................................... I-1

I-1.2 Contracttermsgovern................................................................ I-1

SECTIONI-2ILLUSTRATIONSOFBENEFITS......................................... I-1

I-2.1 ClassContractMaturityBenefit................................................. I-1

I-2.2 ClassDeathBenefit.................................................................... I-1

I-2.3 GuaranteedLifetimeWithdrawalBenefit(GLWB)–

One-LifeIncomeStream............................................................. I-2


Two-LifeIncomeStream............................................................ I-8


Age55LWAElection................................................................I-15

SECTIONI-3SERVICES........................................................................ I-17

I-3.1 Portfoliorebalancingservices.................................................. I-17

SECTIONI-4ADDITIONALGENERALINFORMATION......................... I-17

I-4.1 Correspondencethatwillbesenttoyou................................. I-17

I-4.2 Creditorprotection.................................................................... I-17

I-4.3 Estateplanning......................................................................... I-17

I-4.4 Custodian.................................................................................. I-18

I-4.5 Auditor...................................................................................... I-18

I-4.6 Interestofmanagementandothers

inmaterialtransactions............................................................ I-18

SECTIONI-5COMPENSATIONOFDISTRIBUTOR............................... I-18

I-5.1 CompensationofDistributor.................................................... I-18

SECTIONI-6TAXINFORMATION........................................................ I-20

I-6.1 General...................................................................................... I-20

I-6.2 TheFunds.................................................................................. I-20

I-6.3 Taxation–RegisteredContracts.............................................. I-20

I-6.4 Taxation–Non-RegisteredContracts...................................... I-21

SECTIONI-7THEFUNDS..................................................................... I-22

I-7.1 CurrentlyavailableFundsandtheirholdings........................... I-22

I-7.2 Investmentobjectivesandinvestmentpolicies....................... I-25

I-7.3 Riskfactors............................................................................... I-55

I-7.4 Abouttheunderlyingmutualfundcompanies......................... I-84

I-7.5 FundsAvailableineachClass.................................................. I-85

I-7.6 InsuranceFees,ManagementFeesandLWABaseFees........ I-88

SunWiseEssentialSeriesIndividualVariableAnnuityContract

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The following is the SunWise Essential Series Segregated FundsIndividualVariableAnnuityContract. TheContract is limited topagesC-1 to C-30, inclusive. All Deposits under the Contract belong to SunLife which, in turn, invests them in the Funds. Sun Life has the solepowerofmanagingtheDepositsbeingallocatedtotheFunds.However,SunLifewillhonouryourchoiceastotheallocationofDepositsamongtheFunds.

Any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value.

IndividualVariableAnnuityContract

SECTION 1 GENERAL

1.1 General definitions

In theContract,“you”, “your”and“Owner”meantheownerof theContract and, for Non-Registered Contracts, can include more thanoneOwner.“Sun Life”, “us” and“our” refer toSun LifeAssuranceCompany of Canada, having its head office at 150 King Street West,Toronto, Ontario, M5H 1J9. See Section 1.5 of the Contract for anexplanationofhowcertainactionsareperformedbyCIInvestmentsInc.onbehalfofSunLife.Inaddition:

(a) “5% Bonus”meansanamountequal to5%of the5%BonusBaseasofDecember31ofa5%BonusYear.The5%Bonusissubject to Quarterly Proration for (i) the calendar year in whichIncomeClassUnitsarefirstallocatedtotheContract,and(ii) inrespectofanyportionof the5%BonusBasethatwasanLWABase Addition during that 5% Bonus Year, calculated as of thedateofsuchfirstallocationorLWABaseAddition(asapplicable);

(b) �“5% Bonus Base” means the amount used to calculate the5% Bonus at the end of each 5% Bonus Year in the mannerdescribedinSection13oftheContract;

(c) “5% Bonus Year”means thecalendaryear inwhich IncomeClassUnitsarefirstallocatedto theContractandeachof thefifteencalendaryearsimmediatelyfollowingsuchcalendaryear;provided, ineachcase, thatno IncomeClassUnitshavebeenRedeemed(otherthantopayContract-LevelFees)orreclassifiedtoadifferentClassofUnitsduringtherelevantcalendaryear;

(d) “Age 55 LWA Election”means theelectionyoumustmakeif youwould like tostart receivingLWApaymentsonorafterJanuary 1 of the calendar year in which the Annuitant (or, ifthe Two-Life Income Stream has been selected, the youngerof the Annuitant and the Second Life) turns 55 years of agebutbeforeJanuary1of thecalendaryear inwhich thatsamepersonturns65yearsofage.Ifyouhavenotmadeawithdrawalyoumaycancelthiselectionatanytimebynotifyingus. IfnowithdrawalshavebeenmadebeforeJanuary1ofthecalendaryearinwhichtheAnnuitant(or,iftheTwo-LifeIncomeStreamhasbeenselected,theyoungeroftheAnnuitantandtheSecondLife)turns65yearsofage,yourelectionwillnotapply;

(e) “Aggregate Unit Value”means,inrespectofagroupofUnitsidentified in the Contract, the sum of the Unit Values of allsuchUnits;

(f) �“Annuitant”means,foraContractwithasingleAnnuitant,theperson on whose life the Contract is based unless otherwisespecified. For a Joint Annuitant Contract, “Annuitants”means the persons on whose lives the Contract is based and“Annuitant”meanstheyoungerAnnuitant ifbothAnnuitantsareliving,orthelastsurvivingAnnuitantifoneoftheAnnuitantshasdied,unlessotherwisespecified.Forpurposesofthetermsrelating to theGuaranteed LifetimeWithdrawalBenefitunderaJointAnnuitantContractwheretheOne-Life IncomeStreamhasbeenselected,“Annuitant”meansthepersondesignatedpursuanttoSection13.7(a)oftheContractuponwhoselifetheGuaranteedLifetimeWithdrawalBenefitisbased;

(g) “Annuitization Date”hasthemeaningspecifiedinSection8.1oftheContract;

(h) “Annuity Payment Recipient” means the person who isentitledtoreceivetheAnnuityPayments.IfanAnnuityPaymentRecipient is not named, the Annuity Payment Recipient willbeyou;

(i) “Annuity Payments”meansthemonthlypaymentstobepaidtotheAnnuityPaymentRecipientpursuanttoSection8.1oftheContract for 10 years (there will be no less than 120 AnnuityPayments)and,inthecaseofaContractwhichisnotaTFSA,thereafterwhiletheAnnuitantlives;

(j) �“CI”meansCIInvestmentsInc.,whichhasbeenappointedbySun Life to perform certain administrative and managementservicesonitsbehalfinrelationtotheFundsandtheContract.All references to “CI” mean CI acting on behalf of Sun Life,unlessindicatedotherwise;

(k) “Class”meansanotional sub-accountmaintained for all theUnits of the Funds which carry the same Guaranteed Benefit.Forgreatercertainty,thecurrentClassesareInvestmentClass,EstateClass, IncomeClass,PIMInvestmentClass,PIMEstateClassandPIMIncomeClass.All references in theContract to

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Investment Class, Estate Class or Income Class shall be readto apply in the same manner to PIM Investment Class, PIMEstateClassandPIMIncomeClass,respectively,exceptwhereindicatedotherwise.IfPIMUnitsareallocatedtotheContract,thenUnitsthatarenotPIMUnitscannotalsobeallocatedtotheContract,atthesametimeandviceversa;

(l) “Class Contract Maturity Benefit”hasthemeaningspecifiedinSection13.2oftheContract;

(m) “Class Death Benefit”hasthemeaningsspecifiedinSection13.3oftheContract;

(n) “Class Value” has the meaning specified in Section 9.3 oftheContract;

(o) �“Concluding Decade”meanstheperiodoftenyearsleadinguptotheContractMaturityDate;

(p) “Contract” means this SunWise Essential Series IndividualVariable Annuity Contract, including the application, anyendorsements attached to the Contract when issued and anysubsequentamendmentsagreedtobySunLife inwriting,butnotincludingtheInformationFolderortheFundFacts;

(q) “Contract Anniversary Date” means each anniversary oftheContractDateunlesssuchanniversarydoesnotoccuronaValuationDate,inwhicheventtheContractAnniversaryDateinsuchyearisthenextdaywhichisaValuationDate;

(r) “Contract Date”meanstheValuationDateonwhichyourfirstDepositismadeundertheContract;

(s) “Contract-Level Fees” means (i) Insurance Fees we chargeto you through the Redemption of Units in respect of EstateClass Units, Income Class Units, PIM Investment Class Units,PIM Estate Class Units or PIM Income Class Units allocatedto theContract, (ii) LWABaseFeeswecharge toyou throughthe Redemption of Units in respect of Income Class Unitsor PIM Income Class Units allocated to the Contract, (iii) PIMManagementFeeswechargetoyouthroughtheRedemptionofUnitsinrespectofPIMUnitsallocatedtotheContract,and(iv)afeewechargetoyouthroughtheRedemptionofUnitsrelatingtoservicingcommissionswepaytoyourDistributorinrespectofPIMUnitsallocatedtotheContract;

(t) “Contract Maturity Base” has the meaning specified inSection13.2oftheContract;

(u) �“Contract Maturity Benefit” has the meaning specified inSection13.2oftheContract;

(v) “Contract Maturity Date”meansDecember31ofthecalendaryearinwhichtheAnnuitantturns100yearsofage(or,ifsuchdayisnotaValuationDate,thenextdaythatisaValuationDate).IftheContractisaJointAnnuitantContract,theContractMaturityDate is determined by reference to the age of the youngerAnnuitant on the date that the Contract is established or thesecond Annuitant is designated (whichever occurs later) andwillnotchangeiftheyoungerAnnuitantpredeceasestheolderAnnuitant,norwillitbechangedtoanearlierdateinanyothercircumstance.Notwithstandingtheforegoing,iftheContractisaLocked-inRSP,LIRA,RLSP,LRIF,LIF,PRIForRLIF,theContract

MaturityDatewillbesuchearlierdateasisrequiredinordertocomplywithpensionlegislationapplicabletotheContract;

(w) �“Death Benefit” has the meaning specified in Section 13.3oftheContract;

(x) “Death Benefit Base”hasthemeaningspecifiedinSection13.3oftheContract;

(y) �“Death Benefit Date” means the Valuation Date coincidingwith or immediately following the date CI receives writtennoticeoftheAnnuitant’sdeath;

(z) “Deferred Sales Charge” (or “DSC”) has the meaningspecifiedinSection11.1oftheContract;

(aa) “Deposit”meansthenetamountofthePremiumorPremiumsreceivedbyCI,onbehalfofSunLife,fromtimetotimeinrespectoftheContract,afterdeductionsofanyapplicablesaleschargesand premium taxes or other governmental levies and which,forgreatercertainty,doesnotincludethedollaramountofanytransfersbetweenFundsorreclassificationsofUnitswithinthesameFund;

(bb) “Distributor” means, in relation to the Contract, a firm,corporation or other entity who is duly licensed by theappropriate regulatory authorities to solicit applications forinsurance intheapplicable jurisdiction,andtowhomSunLifeiscontractuallyboundtopaythesalescommission inrelationto theContractor the servicing commission, as the casemaybe, and “Distributors” means more than one Distributor. Ifyourinsuranceadvisorisabrokerofamanaginggeneralagency(“MGA”) which is also contracted to Sun Life and is entitledto sales commissions in relation to the Contract, the MGA isconsideredtobetheDistributor;

(cc) �“DSC-Free Units”hasthemeaningspecifiedinSection11.1oftheContract;

(dd) “Early Withdrawal”meansanyRedemptionofIncomeClassUnits(otherthantopayContract-LevelFees)orreclassificationof Income Class Units to a different Class of Units, in eachcasebeforetheLWAEligibilityDate;

(ee) “Excess Withdrawal”means(a)inthecaseofthefirstExcessWithdrawalinayear,theamountbywhichtheAggregateUnitValueofallIncomeClassUnitsRedeemedduringtheyearaftertheLWACommencementDate(otherthantopayContract-LevelFees) or reclassified during such year exceeds the sum of theLWA then ineffect (or theLWARRIFMAP ifgreater)andanyLWADeferralsthenavailableforsuchyear;and(b)afterhavingmade an Excess Withdrawal in a year, the amount by whichthe Aggregate Unit Value of any further Income Class UnitsRedeemed(otherthantopayContract-LevelFees)orreclassifiedsincethemostrecentExcessWithdrawalexceedstheLWAthenineffect;

(ff) “Fund”meansanyoneoftheSegregatedFundsestablishedbySunLifewhichwemakeavailablefortheinvestmentofDepositsundertheContract;

(gg) “Fundamental Change” hasthemeaningspecifiedinSection4.1oftheContract;


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(hh) �“Fund Facts”meansthedocuments identifiedassuchwhichaccompany the Information Folder and provide additionalinformationconcerningeachFund;

(ii) “GLWB Reset”meansanupwardadjustment,ifapplicable,totheLWABase, the5%BonusBaseand theLWA,determinedeverythirdContractAnniversaryDateinthemannerdescribedinSection13.13oftheContract;

(jj) “Guaranteed Benefits” means the Maturity Benefit and theGuaranteed Lifetime Withdrawal Benefit (Income Class only)undertheContract;

(kk) “Guaranteed Lifetime Withdrawal Benefit” (or “GLWB”)hasthemeaningspecifiedinSection13.6oftheContract;

(ll) “Guaranteed Payment Phase” means the time periodfollowing theLWACommencementDatewhen theAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractisnilandtheLWABaseisapositiveamount.TheGuaranteedPaymentPhaseendsonthelastdayoftheLWAIncomeStreamapplicabletotheContract;

(mm) “Head Office of CI”means,untilweadviseyouinwritingofa replacement address, 2 Queen Street East, Twentieth Floor,Toronto,Ontario,M5C3G7;

(nn) “Income Tax Act” means the Income Tax Act (Canada), asamendedfromtimetotime;

(oo) “Information Folder” means that portion of the booklet inwhichtheContractislocated,eachpageofwhichisnumberedbeginning with the letter “I” and which provides generalinformation about the Contract, including illustrations, adescriptionoftheinvestmentsavailableundertheContractandother informationregardingtheFunds, togetherwith theFundFactswhichaccompanytheInformationFolder;

(pp) “Initial Sales Charge” (or“ISC”)hasthemeaningspecifiedinSection11.1oftheContract;

(qq) �“Insurance Fee”meansafeechargedbySunLifetotheFundortoyouforprovidingtheMaturityBenefitundertheContract,asdescribedinSection10.1oftheContract.Forgreatercertainty,theLWABaseFeeisnotanInsuranceFeesincetheGuaranteedLifetimeWithdrawalBenefitisnotaMaturityBenefit;

(rr) �“Joint Annuitant Contract”meansaNon-RegisteredContractestablishedwithtwojointAnnuitants;

(ss) “Late Deposit Reduction” means, where the Death BenefitBaseforEstateClassor IncomeClass is tobe increasedonaValuation Date after the Annuitant’s 75th birthday by reasonofaDeposit into thatClassora reclassificationofUnits fromInvestmentClass to thatClass, that theamountadded to theDeathBenefitBasewillbe80%oftheamountthatotherwisewouldbeaddedforthefirstthreeyearsfollowingsuchValuationDate, following which three year period 100% of the amountwill be included in the Death Benefit Base. The Late DepositReduction continues in effect even if there is an interveningresetoftheDeathBenefitBase,inwhicheventtheLateDepositReductionwillapplyproportionatelytotheresetDeathBenefitBaseasdescribed inSection13.3of theContract.Forgreater

certainty, a reset of the Death Benefit Base for either EstateClassorIncomeClassinthemannerdescribedinSection13.3oftheContractwillnotconstituteaDepositandthereforewillnot,byitself,triggertheapplicationoftheLateDepositReduction;

(tt) “Life Income Fund” or “LIF”, “Locked-in Retirement Income Fund”or“LRIF”, “Prescribed Retirement Income Fund” or “PRIF” and “Restricted Life Income Fund” or“RLIF”meansaContractestablishedasaRRIFfortaxpurposes,except that additional restrictions apply to the amounts thatmaybewithdrawnannuallyunderthistypeofContract.Theserestrictions result from the pension benefits legislation whichgovernsthepensionbenefitproceedsusedtofundtheLIF,LRIF,PRIForRLIF;

(uu) “Locked-in Retirement Account” or “LIRA”, “Locked-in RSP”and“Restricted Locked-in Savings Plan”or“RLSP”means a Contract established as an RRSP for tax purposes,except that additional restrictions apply to the amounts thatmaybewithdrawnannuallyunderthistypeofContract.Theserestrictions result from the pension benefits legislation whichgoverns thepensionbenefitsproceedsused to fund theLIRA,Locked-inRSPorRLSP;

(vv) �“LWA”or“Lifetime Withdrawal Amount”�meanstheamountcalculatedinthemannerdescribedinSection13oftheContractas the LWA for Income Class Units allocated to the Contract.TheLWAiscalculatedasapercentageoftheLWABaseontheLWACommencementDateandissubjecttorecalculationontheoccurrenceofcertainevents;

(ww) “LWA Base” means an amount initially equal to the firstDepositallocatedtoIncomeClassUnitsandthatissubsequentlyadjustedbyLWABaseAdditions,GLWBResets,5%Bonuses,Early Withdrawals and Excess Withdrawals as described inSection13oftheContract;

(xx) “LWA Base Addition” means, once Income Class Units areallocated to the Contract, a subsequent Deposit allocated toIncome Class Units or a reclassification of Investment ClassUnitsorEstateClassUnitstoIncomeClassUnits;

(yy) “LWA Base Addition Deadline”meansthedatewhichis(a)iftheOne-LifeIncomeStreamhasbeenselected,December31of thecalendaryear inwhich theAnnuitant turns80yearsofage, or (b) if the Two-Life Income Stream has been selected,December31ofthecalendaryearinwhichtheyoungeroftheAnnuitantandtheSecondLifeturns80yearsofage;

(zz) “LWA Base Fee” means the fee described in Section 13.17oftheContractwhichischargedforprovidingtheGuaranteedLifetimeWithdrawalBenefit;

(aaa) “LWA Commencement Date”means,aftertheLWAEligibilityDate,theearlierof(a)thedateyouspecifyinyourwrittennoticetouspursuanttoSection13.12oftheContractasthedateonwhichyouwishpaymentoftheLWAtobegin;and(b)thefirstdateonwhichyouRedeem IncomeClassUnits (other than topayContract-LevelFees)or reclassify IncomeClassUnits toadifferentClassofUnits;

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(bbb) “LWA Deferral” means an election (or deemed election) byyoutonotreceivesomeoralloftheLWAinanyyearfollowingthe LWA Commencement Date as described in Section 13.12of the Contract. LWA Deferrals are not permitted during theGuaranteedPaymentPhaseoraftertheContractMaturityDate;

(ccc) “LWA Eligibility Date”meansJanuary1ofthecalendaryearinwhich theAnnuitant (or, if theTwo-Life IncomeStreamhasbeenselected,theyoungeroftheAnnuitantandtheSecondLife)turns65yearsofage,orifyoumaketheAge55LWAElection,55yearsofage;

(ddd) “LWA Income Streams”meanstheOne-LifeIncomeStreamandtheTwo-LifeIncomeStream;

(eee) �“LWA Rate” has the meaning specified in Section 13.9 oftheContract;

(fff) �“LWA RRIF MAP”hasthemeaningspecifiedinSection13.20(c)oftheContract;

(ggg) “Management Fee” means a fee we charge to a Fund formanagingandadministering theFundasdescribed inSection10.2 of the Contract, or that we charge to you as a PIMManagement Fee for managing and administering the PIMUnits allocated to the Contract as described in Section 15.3of the Contract. The Management Fee of a Fund includes themanagementfeechargedinrespectofitsUnderlyingFund;

(hhh) “MAP”meanstheminimumannualpaymentamountprescribedbytheIncomeTaxActforRRIFs.WhereRedemptionFeesorotherfeesapplytoawithdrawalfromaRRIF,theamountreceivedbytheholderoftheRRIFafterallRedemptionFeesandotherfeeshavebeendeductedmustbenotlessthantheMAP;

(iii) “Maturity Benefit” means a Guaranteed Benefit payable ontheMaturityDateandcalculatedaseithertheContractMaturityBenefitortheDeathBenefit,asapplicable.SeeSection13oftheContractforadditionalinformation;

(jjj) “Maturity Date”� means the earlier of the Contract MaturityDateandtheDeathBenefitDate

(kkk) “Non-Registered Contract” means a Contract that is not aRegisteredContract;

(lll) “One-Life Income Stream” means eligibility to receivethe LWA each year commencing on the LWA CommencementDateandendingontheearlierof(a)thedeathoftheAnnuitant(subjecttoSection13.20);and(b)thedateonwhichtheContractisterminated;

(mmm) “PAC” means a pre-authorized chequing plan that we makeavailable from time to time for purposes of making regularlyscheduledDeposits;

(nnn) “PIM” means the Private Investment Management featuredescribedinSection15oftheContract;

(ooo) “PIM Management Fee” means the fee we charge formanaging and administering the PIM Units allocated to theContractasdescribedinSection15.3oftheContract;

(ppp) “PIM Units” means PIM Investment Class Units, PIM EstateClassUnitsandPIMIncomeClassUnits;

(qqq) “Planholder” means the “holder”, as defined in subsection146.2(1)oftheIncomeTaxAct,ofaTFSA;

(rrr) “Premium” means the amount paid to CI, on behalf of SunLife, with no allowance for sales charges and premium taxesorothergovernment levies, toestablish theContractormakea subsequent increase to its value, excluding any amountdeposited by Sun Life for a Guaranteed Benefit. For greatercertainty,thenetamount,aftersuchallowancesanddeductions,constitutesyour“Deposit”;

(sss) “Quarterly Proration” means an adjustment to an amountwhere,inrespectofacalendaryear,theamountisreducedtobeaproportionequaltoN/4oftheamountwhere“N”=thenumberofcalendarquartersremaininginsuchcalendaryearincludingthecalendarquarterinwhichtheeventoccurs,unlessexpresslyindicatedotherwise;

(ttt) “Redeem”, “Redeemed” or “Redemption” means tosurrender,forcash,anyUnitsallocatedtotheContract,withorwithoutaRedemptionFeeorotherfee;

(uuu) “Redemption Fee” means a fee applicable to withdrawalsfromFunds that involveRedeemingUnitspreviouslyallocatedtotheContractusingaDepositundertheDeferredSalesChargeoption;

(vvv) “Registered Contract” means a Contract which is a TFSA,RRSPoraRRIF,includingaLIRA,Locked-inRSP,RLSP,LIF,LRIF,PRIForRLIF;

(www) “Registered Retirement Income Fund”or“RRIF”meansaContract registeredunder the IncomeTaxActandestablishedas a “retirement income fund” for tax purposes; additionalrequirements apply to the minimum amount which must bewithdrawnannually;

(xxx) “Registered Retirement Savings Plan”or“RRSP” meansaContractregisteredundertheIncomeTaxActandestablishedasa“retirementsavingsplan”fortaxpurposes;

(yyy) “RSP Maturity Date”meansthelatestdatepermittedbytheIncomeTaxActas thedatebywhichanRRSP,Locked-inRSP,LIRAorRLSPmustbecontinuedasaRRIF,LIF,LRIF,PRIForRLIF,asapplicable,inordertoretaintaxdeferredstatus;

(zzz) “Second Life”means,whentheTwo-LifeIncomeStreamhasbeenselected(i) if theContract isaRegisteredContract,yourspouseorcommon-lawpartnerasspecifiedbyyou,or(ii)iftheContractisaNon-RegisteredContract,thespouseorcommon-law partner of the Annuitant, which spouse or common-lawpartnermustbethejointAnnuitant;

(aaaa) “Segregated Fund”meansafundestablishedbyaCanadianlifeinsurancecompany,theassetsofwhicharesegregatedfromtheotherassetsofsuchcompanyandinvestedinaportfolioofsecurities,notionalunitsofwhichareallocatedtoeachowner’scontracttoestablishtheproportionatenotionalinterestatanytimeofeachownerintheassetsoftheSegregatedFund;

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(bbbb) “Spousal RRSP” means an RRSP Contract to which yourspouseorcommon-lawpartnerdepositsaPremium;

(ccc) “Tax-Free Savings Account” or“TFSA”meansaContractelectedundertheIncomeTaxActtoberegisteredasatax-freesavingsaccount;

(dddd) “Total Contract Value”hasthemeaningspecifiedinSection9.5oftheContract;

(eeee) “Two-Life Income Stream” means eligibility to receive theLWAeachyearcommencingontheLWACommencementDateandendingontheearlierof(a)thedeathoftheAnnuitantortheSecondLife(whichoccurslater),and(b)thedateonwhichtheContractisterminated;

(ffff) “Underlying Fund”meansthemutualfundorotherinvestmentfundinwhichaFundinvestsfromtimetotime;

(gggg) “Unit Value”hasthemeaningspecifiedinSection9.4oftheContract;

(hhhh) “Units”meansanotionalparticipationinterestinaClassofaFund;and

(iiii) “Valuation Date” means a business day on which CI, SunLifeandtheTorontoStockExchangeareopenforafulldayofbusinessandonwhicha value isavailable for theunderlyingassetsheldbytheparticularFund.

1.2 Administrative policies

The rights and obligations under the Contract are subject to ouradministrative policies. We may, without notice to you, change our administrative policies from time to time for any reasonincluding,withoutlimitation,toprovideimprovedlevelsofservice,ortoreflectcorporatepolicyandeconomicandlegislativechanges,includingrevisionstotheIncomeTaxActandapplicablepensionlegislation.Wewill,however,provideyouwithat least60dayswrittennoticeofanychange to our administrative policies that (a) affects the benefits towhich you are entitled under the Contract, (b) increases a fee that ischarged to you under the Contract for which the Contract stipulatesthatwewillgiveyousuchnotice,or (c) isrequiredbyapplicablelaw.EachreferenceintheContracttotheapplicationofouradministrativepoliciestoamattermeanssuchadministrativepoliciesineffectasofthetimethematteroccurs.

1.3 Nature of the Contract

TheContract is between youandSun Life.Youare theownerof theContractand,atthetimeyouapplyfortheContract,youwilldeterminewhether youwant theContract tobeaNon-RegisteredContract or atypeofRegisteredContract.Youalsowill designate theAnnuitantoftheContractandyoumaydesignateabeneficiary. If theContract isaRegisteredContract,youwillbethesoleAnnuitant.You,ortheexecutorofyourestate,mustnotifyusofthedeathofanAnnuitantortheSecondLife.IftheContractisaNon-RegisteredContract,youdonotneedtobetheAnnuitantandyouhavetheoptionofdesignatingtwoAnnuitants.Onceestablished, theContract applies toallDepositsmadeunder it,regardlessoftheClassesorFundstowhichtheDepositsareallocated.SeeSection12oftheContractforadditionalinformation.

WereservetherightnottoestablishmorethanoneContractusingthesameAnnuitant,ClassofUnitsandregistrationtypeofContractexceptasrequiredbyapplicablelaw.SunLifewillprovidetoyoutheGuaranteedBenefitsonthetermsdescribedintheContract.DepositsareremittedtoSunLife for thepurposeofproviding theAnnuityPaymentsand, ifapplicable,theGuaranteedLifetimeWithdrawalBenefitinaccordancewiththeContract.DetailsregardingthecalculationofAnnuityPaymentsand the Guaranteed Lifetime Withdrawal Benefit can be found inSections8and13,respectively,oftheContract.

1.4 Giving us your instructions

Whenweaskyou toadviseus,suchnoticewillbesufficientlygiven,untilweadviseyouotherwise,andsubjecttorequirementsofapplicablelaw,ifmadeinwritingtoCIatitsaddressshownonyourmostrecentstatementorotherwiseinaccordancewithouradministrativepolicies.From time to time, we may offer communication alternatives whichenable you to issue instructions to us through other communicationchannels, including electronic media and by telephone. If you wantto advise us before receiving your first statement, please send yourwrittennoticetotheHeadOfficeofCI.Whenwesaythatwewillnotifyoradviseyou,wemeanthatwewillsendyouawrittennoticetoyouraddressasshowninourfiles.

Yourinstructionsmaybecommunicatedtousbyathirdparty(includingyourDistributor)youhaveauthorizedprovidedtheauthorizationcomplieswithouradministrativepolicies.

1.5 Actions to be taken by us

CI,attheHeadOfficeofCI,isthemanagerandportfolioadvisorofeachFund. Sun Life has retained CI to perform certain administrative andmanagementserviceswithrespecttotheFundsandtheContract.Whenwesaythat“we”or“CI”willtakecertainactions,wemeanthatsuchactionswillbetakenbyCIonbehalfofSunLife.

1.6 Payment

AnypaymentbyyouorbyusistobemadeinCanadiandollars.

1.7 Age and survival

BeforeanyAnnuityPaymentsbegin,wemustreceiveproofofageforthe Annuitant. Before an Annuity Payment is made and at any timeduringtheGuaranteedPaymentPhase,wemayrequireproof that theAnnuitantisliving.

1.8 Loan provisions

YoumaynotborrowmoneyfromtheContract.

1.9 Nature of your investment

For ease of expression and understanding, the Contract may containreferences to “your investment in”, or “holding” or “acquisitionof”, Funds, Class and/or Units, and other expressions of a similarnature. Notwithstanding these references and expressions, pleasenote that the Funds are not separate entities and the Class andUnits are notional concepts only. The assets of the Funds are owned

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by Sun Life and are segregated from Sun Life’s other assets, as setout in Section 9.1 of the Contract. All Deposits belong to Sun Lifeand you are only entitled to the rights described in the Contract.

1.10 Additional information which forms part of the Contract

Thefollowingadditionalinformationformspartof,andisincorporatedbyreferenceinto,theContract:

(a) themanagementexpenseratioofeachFundasdescribedinitsFundFacts;and

(b) theinformationunder“Howriskyisit?”,“Howmuchdoesitcost?”and“WhatifIchangemymind?”intheFundFacts.

TheinformationintheFundFactsthataccompanytheInformationFolderis accurate and complies with the requirements of CLHIA GuidelineG2 on Individual Variable Insurance Contracts Relating to SegregatedFunds (asamended from time to time)asof thedate the informationwasprepared.

The remedies for an error in the additional information referred to inparagraphs(a)and(b)abovewill includereasonablemeasuresbySunLifetocorrecttheerror,butwillnotentitleyoutospecificperformanceundertheContract.

1.11 Rights of rescission

Youmayrescindthepurchaseof theContractandanyallocationofaDeposittoaFundbysendingwrittennoticerequiringtherescissiontouswithintwobusinessdaysfromthedateyoureceivedconfirmationofthepurchaseoftheContract.ForanyallocationofaDeposittoaFundotherthantheinitialcontractualpurchase,therighttorescindwillonlyapplyinrespecttotheadditionalallocatedDepositandwrittennoticerequesting the rescissionmustbeprovided touswithin twobusinessdays from the date you received confirmation. You will be refundedthelesserof (a)theamount investedintheFund,and(b)thevalueofthe investment in the Fund on the Valuation Date following the daythat we received the request for rescission, plus any fees or chargesassociatedwiththetransaction.Youwillbedeemedtohavereceivedtheconfirmationfivebusinessdaysafterithasbeenmailedbyus.

SECTION 2PREMIUMS AND DEPOSITS2.1 General information

To establish the Contract you must deposit a minimum Premium of$500toaClassofUnitsofaFundorestablishaPACplannotlessthan$50monthlyforaClassofUnitsofaFund.YoumaydepositadditionalPremiumsof at least $100, bya lumpsum,or $50monthly byaPACplan.TheminimuminitialPremiumfor IncomeClassUnits is$25,000,in aggregate. You may deposit additional Premiums in Income ClassUnitsofatleast$100,bylumpsum,or$50monthlybyaPACplan.ToparticipateinPIM,youmustdepositaminimumPremiumof$100,000totheContractandtheminimumPremiumforaClassofPIMUnitsofaFundis$100,000.EachadditionaldepositofPremiuminPIMmustbeatleast$5,000.

Theseminimumsaresummarizedinthetablebelow.

Investment�Class�and��

Estate�Class

Income�Class PIM�Class

ToestablishtheContract

$500($50monthlybyPACplan)

$25,000 $100,000

MinimuminitialPremiumperClassofaFund

$500($50monthlybyPACplan)

$100 $100,000

MinimumadditionalPremiums

$100 $100 $5,000

MinimumadditionalPremiums(PAC)

$50monthly $50monthly $5,000

TheavailabilityofeachClassofUnitsforeachFundandtheabilitytomakeDepositsunderoneContractintodifferentClassesissubjecttoouradministrativepolicies.

TheaggregateamountofDepositscannotexceed$1,000,000withoutthe prior written consent of CI. Until we have given such consent,any payment of a Premium will not be considered received by us(and the resulting Deposit will not be considered made) if, followingpayment of the Premium, the aggregate amount of Deposits wouldexceed$1,000,000.TheaggregateamountofDepositsmadeaftertheAnnuitantattains80yearsofagecannotexceed$500,000withoutthepriorwrittenconsentofCI. IfaDepositisreceivedthatisnotingoodorder (including, when applicable, failure to obtain the prior writtenconsentofCItosuchDepositasdescribedabove),wemayrefusesomeoralloftheDepositandreturntoyouwithinareasonabletimeeitherthe amount of the portion of the Deposit refused or the AggregateUnit Value of the Units to which the portion of refused Deposit wasallocated,whicheverisless.

Theseminimumandmaximumamountsaresubjecttoouradministrativepolicies and therefore can be changed by us without notice to you.In accordance with our administrative policies, we may waive theminimumamountsdescribedaboveonacase-by-casebasis.

Ifpayingbycheque,pleasemakeyourchequespayabletoCIInvestmentsInc.,whichwill receivesuchfundsonbehalfofSunLife.Wewillnotacceptpost-datedcheques.

WehavetherighttorefuseanyDepositaccordingtoouradministrativepoliciesineffectatthetimewereceivetheDeposit,providedwemakethatdecisionbytheendoftheValuationDateaftertheValuationDateon which the Deposit would otherwise be processed. In addition, wehave the right to refund any Deposit previously accepted within tenbusinessdaysafterreceipt.

We reserve the right to request medical evidence of the health ofthe Annuitant based on our administrative policies, for Deposits andreclassificationsandtorefusetoacceptDepositsandreclassificationsbased on incomplete medical evidence of the Annuitant. We may

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requireproofofage,sexorsurvivalofanypersonuponwhoseage,sexorsurvivalanypaymentdepends.Ifthisinformationhasbeenmisstated,wereservetherighttorecalculatethebenefitstothosethatwouldhavebeenprovidedbasedonthecorrectage,sexandsurvivalofsuchperson.

2.2 Paying Premiums

Subject toSections2.1,2.4,2.5,12.1,13.5and13.16of theContractandanyotherapplicablerestriction,youmaypayaPremiumatanytime.WeconsiderallPremiumstohavebeenpaidontheValuationDatethatwereceivethemattheHeadOfficeofCI,ifwereceivethePremiumonorbefore4:00p.m.EasternTime.IfwereceiveyourPremiumafter4:00p.m.EasternTime,itwillbeprocessedasofthenextValuationDate.

AnyInitialSalesCharges,premiumtaxesorgovernmentleviesthatyoumustpayarededucted fromyourPremiumand the remainingamount(whichisreferredtoastheDeposit)isaddedtotheContract.

Subjecttoouradministrativepolicies,wewillallocateDepositsintooneormoreFundsandClassesasdirectedbyyou.ThenotionalUnitsoftheClasses in theFundsyouselectwillbeallocated to theContract.Wealso will allocate Premiums into one or more Funds and Classes andtracksuchPremiumsusingthesamemethodologyweapplyfortrackingchangestotheGuaranteedBenefitsassociatedwith InvestmentClassdescribedinSections13.2and13.3oftheContract.

YoumustinstructusinwritingastoyourchoiceofFund(s)andClass(es),and the percentage of each Deposit to be allocated to each of yourchosenClass(es)ofUnitsoftheFunds,subjecttoapplicableminimumsand maximums and our administrative policies. The number of Unitsallocated to theContract foranyClassofaFundwillbeequal to theamountallocatedtothatClassoftheFund,dividedbytheUnitValueofthatClassofUnitsoftheFundontheapplicableValuationDate.

Ifanychequeofyoursisnothonouredforanyreason,it isourcurrentadministrativepolicytochargeyouanadministrationfeeof$25tocoverourexpenses.

2.3 Automatic regular Premiums

Automatic regular Premiums may be paid through a PAC plan for thesame amount on a weekly, bi-weekly, monthly, bi-monthly, quarterly,semi-annualorannualbasis.Wewillmakeregularwithdrawalsdirectlyfrom your bank account. If your chosen date in any period is not aValuationDate,thetransactionwilloccuronthenextValuationDate.

IfanyPACpaymentof yours isnothonoured forany reason, it isourcurrentadministrativepolicytochargeyouanadministrationfeeof$25to cover our expenses.Wewill attempt tomake thePACwithdrawalfromyourbankaccountasecondtimeifitisnothonouredthefirsttime.If it isnothonouredthesecondtime,wewillnotattemptany furtherPACwithdrawals.

2.4 Restriction during Concluding Decade

DuringtheConcludingDecadenonewDepositswillbeallowedexceptasspecifiedinSection8.

2.5 Age restrictions respecting Deposits and Contract issue

Our Deposit and Contract issue rules provide that in order to make aDepositorissueaContract,themaximumagewhichtheAnnuitantcanbe(asofDecember31oftheyearinwhichtheDepositismadeortheContractissued)isoutlinedinthechartbelow:

Contract�Type Age�of�Annuitant*

Non-registered 90(80forIncomeClassUnits)

TFSA 90(80forIncomeClassUnits);minimumageof18

RRSP, Locked-In RSP**, LIRA**,RLSP** RSPMaturityDate

RRIF,LIF**,LRIF**,PRIF**,RLIF** 90(80forIncomeClassUnits)

* DependingonContractMaturityDateand the restrictionsduringtheConcludingDecade.WhereaDepositisbeingmadetoIncomeClassUnitsandtheTwo-LifeIncomeStreamhasbeenselected,theage limitssummarizedabovearedeterminedby reference to theageoftheyoungeroftheAnnuitantandtheSecondLife.

** ThemaximumagewithrespecttoLocked-inRSP,LIRA,RLSP,LRIF,LIF, PRIF and RLIF Contracts is established according to pensionlegislation and the age shown is used unless such pensionlegislationdictatesotherwise.

Such restrictionsare inaddition to,andmaybemodifiedby,anyagerestrictionsrespectingDepositsthatareimposedbylaw.

SECTION 3 WITHDRAWALS3.1 General information

IfyouwishtowithdrawmoneyfromtheContract,youmustadviseusinwriting,tellingushowmuchyouwouldliketowithdrawandfromwhichClassofUnitsofwhichFund.EachtimethatyoumakeawithdrawalfromtheContractwewillRedeemanumberofUnitsallocatedtotheContractequaltotheamountwithdrawn,dividedbytheUnitValueofthatClassofUnitsof theFundon theapplicableValuationDatecoincidingwithorimmediatelyfollowingthedatewereceiveyourwritteninstructions.

For any Redeemed Units that had been acquired under the DeferredSalesChargeoption,RedemptionFeescouldapply, inwhichcasewewill Redeem the Units which are subject to the smallest RedemptionFee. In addition, the early withdrawal fee described in Section 11.2of the Contract may apply to any Units Redeemed within the first 30businessdaysaftertheUnitswereallocatedtotheContract.

NotethatanywithdrawalfromtheContract(otherthantopayContract-LevelFees)mayreduceyourGuaranteedBenefits.Anywithdrawalswillalso reduce theTotalContractValueand thereforeaffect theAnnuityPaymentspayableunder theContract.Withdrawals takenaspaymentoftheLWA,anLWADeferralortheLWARRIFMAPwillnotreducetheGuaranteedLifetimeWithdrawalBenefit.

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UnlesstheContractisaRRIF,LIF,LRIF,PRIForRLIForAnnuityPaymentsorpaymentsoftheLWAhavecommenced,youmaynotcausetheTotalContractValuetofallbelow$500asaresultofwithdrawalsunlessyouterminatetheContract.

ForaRRIF,LIF,LRIF,PRIForRLIF,youare required towithdrawyearly,beginning in theyear following theyearof issueofyourContractnotlessthantheMAPamount.ForaLIF,LRIForRLIF,themaximumamountwithdrawninanyyearmaynotexceedthemaximumamountprovidedfor in the pension legislation which governs the Contract, except tocomplywiththeMAPrequirement.

NOTE: THE VALUE OF THE UNITS REDEEMED IS NOT GUARANTEED BECAUSE SUCH VALUE DEPENDS ON THE MARKET VALUE OF THE ASSETS OF EACH PARTICULAR CLASS OF EACH FUND WHICH FLUCTUATES FROM VALUATION DATE TO VALUATION DATE.

3.2 Automatic withdrawal plans

You may receive automatic withdrawals from the Contract on amonthly, quarterly, semi-annual or annual basis, and we will deposityourautomaticwithdrawalsdirectlytoyourbankaccount. Inthecaseof a RRIF, LIF, LRIF, PRIF or RLIF, for monthly withdrawals you mustchoose a date from the 1st to the 25th of the month on which youwish your withdrawals to occur. For other Registered Contracts orNon-Registered Contracts you may select any day of the month forautomaticwithdrawals.Inbothcases,thedateyouselectwillapplytoallautomaticwithdrawalsundertheContract.

You must advise us in writing if you wish to schedule automaticwithdrawals,makechangesorcancelit.Yourchoicesare:

(a) MAP(MinimumAnnualPayment)–(forRRIF,LIF,LRIF,PRIFandRLIF)

The MAP for a RRIF, LIF, LRIF, PRIF and RLIF is calculated inaccordance with the formula specified by applicable legislation.A transfer between Funds or reclassification between differentClassesofUnits doesnot constituteanautomaticwithdrawal forpurposesofreceivingtheMAP.

(b) Level–clientspecifiedamountandfrequency.

(c) MaximumAmount(forLIF,LRIFandRLIFonly)

ThemaximumpaymentamountforaLIF,LRIFandRLIFiscalculatedinaccordancewiththeformulaspecifiedbyapplicablelegislation.For the initial calendar year, the maximum amount is pro-ratedbasedonthenumberofmonthstheDepositisheldintheContract,exceptasspecifiedbyapplicablelegislation.

(d) Year-endpayment(forRRIF,LIF,LRIF,PRIForRLIFonly)

If the total of your scheduled and unscheduled withdrawals in acalendaryearislessthantheMAPamountforthatyear,wewillpaythebalanceoftheMAPamounttoyouattheendofthecalendaryearinaccordancewithouradministrativepolicies.

(e) SuchotheramountsaspermittedunderouradministrativepoliciesatthetimeoftherequestorpursuanttothetermsoftheGuaranteedLifetimeWithdrawalBenefit.

3.3 Payment of withdrawals

Withdrawalswillbedepositedintoyourbankaccountorissuedtoyouby way of cheque. Transfers for Registered Contracts will be madeaccordingtoyourwritteninstructions.

Allsignaturesrelatingtowritteninstructionsforwithdrawalsexceeding$25,000orwherethepayeeisnottheOwnermustbeguaranteed.

Anyfeesorwithholdingtaxesthatyoumustpayaredeductedfromyourwithdrawal. The minimum amounts apply before Redemption Fees orotherfeesarededucted.

AfullwithdrawalterminatestheContractanddischargesSunLifeandCIfromalloftheirobligationsandliabilitiesundertheContractandallrelateddocumentsunlessthewithdrawalresultsinthecommencementof,oroccursduring,theGuaranteedPaymentPhase.

SECTION 4FUNDAMENTAL CHANGES4.1 General information

Ifwewishtomakeanyofthefollowingchanges(eacha“Fundamental Change”),wewillnotifyyouatleast60dayspriortomakingthechange:

(a) wechangethefundamentalinvestmentobjectiveofaFundofwhichUnitsareallocatedtotheContract;

(b) wedecreasethefrequencywithwhichwevalueUnitsofaClassofaFundthatareallocatedtotheContract;

(c) weincreasethepercentageoftheInsuranceFeechargedtoyouortoaFundinrespectofaClassofUnitsoftheFundallocatedtotheContracttoapercentagethatisgreaterthanitsInsuranceFeelimitdescribedinSection10.3oftheContract;

(d) weincreasethepercentageoftheManagementFeechargedtoaFundor thePIMManagement Feecharged to you in respectofaClassofUnitsoftheFundallocatedtotheContract;

(e) a Fund’s Underlying Fund increases its management fee whichresultsinanincreasetothepercentageofManagementFeesbornebytheFund;or

(f) weterminateaFund.

WereservetherighttomakeFundamentalChangesfromtimetotime,subjecttocompliancewithSection4.2below.

4.2 Your rights in the event of a Fundamental Change

ShouldwemakeaFundamentalChange,youwillhavetherightto:

(a) transferthevalueoftheUnitsallocatedtotheContractintheClassoftheFundaffectedbytheFundamentalChangetoasimilarFundandClasswithoutincurringanyRedemptionFeesorsimilarcharges;or

(b) ifwedonotofferaClassofaFundsimilartotheClassoftheFundaffectedbytheFundamentalChange,RedeemtheUnitsallocatedtotheContractintheaffectedClassoftheFundwithoutincurringanyRedemptionFeesorsimilarcharges.

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A “similar Fund” is another Segregated Fund that has comparablefundamental investment objectives, is in the same investment fundcategory (in accordance with fund categories published in a financialpublication with broad distribution) and has the same or a lowerManagement Fee and Insurance Fee than the Management Fee andInsurance Fee of the Fund experiencing the Fundamental Change ineffectatthetimethenoticeisgiven.

Your right to elect either option is effective only if we receive yourelection no less than 5 business days prior to the end of the 60 daynoticeperioddescribed inSection4.1of theContract.During this 60daynoticeperiod,youmaynottransfertoaFund,orreclassifytoaClassofaFund,thatissubjecttoaFundamentalChangefromanotherFundorClassunlessyouagreetowaivetherighttoRedeemreferredto inparagraph(b)above.

SECTION 5TRANSFERS5.1 General information

YoumaytransferalloraportionofthevalueoftheUnitsallocatedtotheContractinaClassofUnitsofaFundtoUnitsinthesameClassofanotherFundorFundsthenavailableforinvestmentinthatClassundertheContract.IfyouwishtotransferbetweenFunds,youmustadviseusaccordingtoouradministrativepoliciesofthedetails.

ThenumberofUnitsRedeemedfromtheFundfromwhichthetransferisoccurringwillbeequaltothedollaramountwithdrawntoeffectthetransferdividedbytheUnitValueofthatClassofUnitsoftheFundontheapplicableValuationDatecoincidingwithorimmediatelyfollowingthedatewereceiveyourwritteninstructions.ThenumberofnewUnitsallocatedtotheContractinrespectoftheFundtowhichthetransferisoccurringwillbeequaltothedollaramounttransferredtothatClassoftheFunddividedbytheUnitValueofthatClassoftheFundonthesameValuationDate.Thedollaramounttransferredwillbelessthanthedollaramountwithdrawntoeffectthetransfer ifanearlywithdrawalfeeorchangefeeischarged,asdescribedbelow.

If your request for a transfer is received by us on or before 4:00 p.m.EasternTimeonaValuationDate,itwillbeprocessedonthatdate.Ifitisreceivedafterthattime,itwillbeprocessedasofthenextValuationDate.

IftheUnitsRedeemedtoeffectthetransferhadbeenacquiredundertheInitialSalesChargeoption,thenewUnitsallocatedtotheContractfromthetransferwillbedeemedtohavebeenacquiredundertheInitialSalesChargeoptionbutnoInitialSalesChargewillbepayablebyyoutoyourDistributorforthenewUnits.

If theUnitsRedeemedtoeffect the transferhadbeenacquiredunderthe Deferred Sales Charge option, the new Units allocated to theContractfromthetransferwillbedeemedtohavebeenacquiredundertheDeferredSalesChargeoptionbut theRedemptionFeeassociatedwiththenewUnitswillbethesameastheRedemptionFeeassociatedwiththeUnitsRedeemed.YoumayhavetopayaRedemptionFeewithrespect to Redemption of the new Units allocated to the Contract bythe transferwhen thosenewUnitsareRedeemed. If theRedemptionFeeapplies,wewillcalculateitbasedonthecostoftheoriginalUnitsandthedatetheywereallocatedtotheContract.TheoriginalUnitsarethoseUnitsoriginallyallocatedtotheContractasaresultofaDepositandwhich,asa resultofoneormore transfersbetweenFunds,havebecomethecurrentUnits.

If the new Units are not available under the Deferred Sales Chargeoption,youwillberequiredtopaytheRedemptionFeeatthetimeofthetransfer.

IfUnitsaretransferredwithin30businessdaysafterbeingallocatedtotheContract,youmayhavetopaytheearlywithdrawalfeedescribedinSection11.2oftheContract.YoualsomayberequiredtopayachangefeeasnegotiatedbetweenyouandyourDistributorofupto2%oftheamount transferred,whichmaybe charged to youby yourDistributorotherthanforatransferof IncomeClassUnitsofoneFundtoIncomeClassUnitsofanotherFund.Changefeescannotbechargedfortransferswithin the IncomeClass.Anyearlywithdrawal feeorchangefeewillbe deemed to be a withdrawal and will be paid by Redeeming UnitswhichwillresultinareductioninyourGuaranteedBenefits.IftheUnitsRedeemed for this purposeare subject toaRedemption Fee,wewillRedeemtheUnitswhicharesubjecttothesmallestRedemptionFee.

Exceptasdescribedabove,thereisnochargeorfeefortransfersbetweenFundsandatransferwillnototherwiseaffectyourGuaranteedBenefits.

NOTE: THE VALUE OF UNITS THAT ARE REDEEMED OR ACQUIRED FLUCTUATES WITH THE MARKET VALUE OF THE UNDERLYING ASSETS OF THE PARTICULAR FUND AND IS NOT GUARANTEED.

5.2 Lump sum transfers

Alllumpsumtransfersmustequalorexceed$250($5,000forPIMUnits).In addition, theongoingminimumof $500must bemaintained in theClassofUnitsoftheFundtowhichthetransferisoccurring($100,000forPIMUnits;$100forIncomeClassUnits).IfanyamountisleftintheClassofUnitsoftheFundfromwhichthetransferisoccurring,itmustbeatleast$500($100,000forPIMUnits;$100forIncomeClassUnits).

5.3 Systematic transfer plan

ThroughoursystematictransferplanyoumaymakeregulartransfersofalloraportionofthevalueoftheUnitsallocatedtotheContractinaClassofoneormoreFundstoUnitsinthesameClassofanotherFundorFundsthenavailableforinvestmentinthatClassundertheContractonaregularbasis.IfyourchosendateisnotaValuationDate,thetransactionwilloccuronthenextValuationDate.

Theminimumtransferis$50($5,000forPIMUnits).Wewillautomaticallywithdraw Units allocated to the Contract in the Class of the Fund orFundsyouspecifyandcredittheproceedstothesameClassoftheotherFundorFundsyouchoose.Youcanchoosetomaketransfersmonthly,quarterly, semi-annually or annually. We can change or cancel thesystematictransferplanatanytime.

SECTION 6REGISTERED CONTRACTS6.1 General information

UnderaRegisteredContract,youareboththeOwnerandtheAnnuitant.YoucannotappointajointorsuccessorOwnerforaRegisteredContract.ARegisteredContractcannotbeaJointAnnuitantContract.

YoucannotuseaRegisteredContract(otherthanaTFSA)assecurityforaloan.YoucannotassignaRegisteredContracttoathirdparty.

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Pleasenotethefollowing:

(a) itmaybenecessarytomodifycertaincontractualbenefitsunderthetermsofanendorsementuponregistration;

(b) RegisteredContractsmaybemore suitableasameansof a longdurationinvestmentratherthanshortduration;and

(c) youshoulddiscussallaspectsofregistrationwithyourDistributorbeforethepurchaseofaRegisteredContract.

6.2 Types of Registered Contracts

(a) Registered Retirement Savings Plans (RRSPs – includes LIRAs, Locked-in RSPs and RLSPs as applicable)

YoumayownandmakeinvestmentsinaSunWiseEssentialSeriesIndividual Variable Annuity RRSP Contract until the RSP MaturityDate.Afterwards,youmust:

(i) continuetheRRSPasaRegisteredRetirementIncomeFund(LIF,LRIF,PRIForRLIFiflocked-infunds,aslegislationpermits);

(ii) commenceanimmediatepayoutannuityfromSunLife;or

(iii)takeacashwithdrawal(subjecttoapplicablepensionlegislation).

ForanRRSPinforceontheRSPMaturityDate,unlessyouindicateotherwise,wewill continue theContractasaRRIF. If youdonotcontinueanRRSPasaRRIF,theGuaranteedBenefitsoftheContractwillend.

If you own a locked-in RRSP, LIRA or RLSP, unless you indicateotherwise,wewillcontinuetheContractasaLIF,LRIF,PRIForRLIF,subject to applicable pension legislation. If multiple products areavailable under the applicable pension legislation governing theContract,wewillcontinuetheContractasthelocked-inretirementincomeplanwhichhasnorequiredannuitizationdateor,ifnosuchplan is available, the locked-in retirement income plan with thelatestrequiredannuitizationdate.

IfyoudecidetocontinueyourSunWiseEssentialSeriesIndividualVariable Annuity RRSP/LIRA/Locked-in RSP/RLSP Contract as aSunWise Essential Series Individual Variable Annuity RRIF/LRIF/LIF/PRIF/RLIF Contract before the Contract Maturity Date, wewill continue the Total Contract Value of your SunWise EssentialSeries IndividualVariableAnnuityRRSP/LIRA/Locked-inRSP/RLSPContract on the Valuation Date coinciding with or immediatelyfollowing the date we receive your completed RRIF/LRIF/LIF/PRIF/RLIF application or date that we receive your instructions inaccordance with our administrative policies, or the date of theautomatic continuation of the contract as a RRIF/LRIF/LIF/PRIF/RLIFasindicatedabove.ThenumberofUnits,theUnitValues,theGuaranteedBenefitsandtheContractMaturityDatewillremainthesameuponsuchacontinuation.

Unlesswehavebeendirectedotherwise,thepayoutschedulewillbetheMAP,payableannually.

(b) Spousal RRSPs

If your spouse or common-law partner deposits Premiums to anRRSPownedbyyou,itisaSpousalRRSP.YouaretheOwnerandtheAnnuitant.

(c) Registered Retirement Income Funds (RRIFs – includes LIFs, LRIFs, PRIFs and RLIFs as applicable)

You may own and make investments in a SunWise Essential SeriesIndividualVariableAnnuityRRIFContractwherethesourceoffundstobeappliedaspaymentofaPremiumundertheRRIFareproceedsof:

(i) anRRSPappliednolaterthantheRSPMaturityDate,

(ii) anotherRRIF,or

(iii)aregisteredpensionplanorprovincialpensionplan,butonlyaspermittedundertheIncomeTaxAct.

If the source of funds to be applied as payment of a Premium undertheRRIF isproceedsofanRRSPunder theContract, thecontinuationof the Contract will be conditional upon your completion of our RRIFapplication or our receipt of your instructions in accordance with ouradministrativepolicies,exceptinthecaseoftheautomaticcontinuationreferredtointhisSection6.2.

Youarerequiredtowithdrawyearly,beginningintheyearfollowingtheyearofregistrationofyourRRIF,notlessthantheMAPamount.

Withdrawals will result in Units allocated to the Contract beingRedeemed. Any Redemption of Units (other than to pay Contract-Level Fees) may reduce your Guaranteed Benefits. Withdrawals alsowill reduce theTotalContractValueand thereforeaffect theAnnuityPaymentspayableunder theContract.Withdrawals takenaspaymentoftheLWA,anLWADeferralortheLWARRIFMAPwillnotreducetheGuaranteedLifetimeWithdrawalBenefit.

InDecemberofanyyearfollowingthecalendaryearinwhichtheRRIFisregistered,ifthetotalofwithdrawalsmadeandtobemadebeforetheendofthatcalendaryeararelessthantheMAPamount,wewillmakeawithdrawal from theContract of theamount required tobepaid tosatisfythatMAPamountinaccordancewithouradministrativepolicies.

IfyouhaveaSunWiseEssentialSeriesIndividualVariableAnnuityLIF/LRIF/RLIF Contract, the maximum amount withdrawn in any calendaryearmaynotexceedthemaximumamountprovidedforinthepensionlegislationwhichgovernstheContract,excepttocomplywiththeMAPrequirementdescribedabove.

(d) Tax-Free Savings Account

YoumayownandmakeinvestmentsinaSunWiseEssentialSeriesIndividualVariableAnnuityTFSAContract.

SECTION 7NON-REGISTERED CONTRACTS7.1 Ownership

ForaNon-RegisteredContract, theOwnerandAnnuitantdonotneedtobe thesameperson.TheOwnermayalsobeacompany.YoumaybeabletotransferownershipoftheContract.Atransferofownership

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mustbeinaccordancewithgoverninglegislationandtheadministrativepolicies we have in place at that time. You may use the Contract assecurity for a loan by assigning it (known as hypothecating in theprovinceofQuébec)tothelender,subjecttoprovinciallegislation.Therightsof the lendermay takeprecedenceover the rightsofanyotherpersonclaimingtheDeathBenefit.AnassignmentoftheContractmayrestrictordelaycertaintransactionsotherwisepermitted.

ForNon-RegisteredContracts,youmayhavemorethanoneOwnerandyou may appoint a successor owner or owners to take ownership oftheContract in theevent of your death. In theprovinceofQuébec, asuccessorownerisknownasasubrogatedpolicyholder.

7.2 Joint Annuitant Contracts

YoumayestablishaNon-RegisteredContractwithtwojointAnnuitants,inwhicheventthefollowingrulesapply:

(a) theDeathBenefitwillbepaidtothenamedbeneficiariesonlyuponthedeathofthelastsurvivingAnnuitant;

(b) if the Contract is purchased with joint owners and no singleAnnuitant is named, the Contract will be deemed to have jointAnnuitants and the Death Benefit will be paid as describedabove;and

TheContractMaturityDatewillbedeterminedbyreferencetotheageoftheyoungerAnnuitantonthedatethattheContractisestablishedorthesecondAnnuitantisdesignated(whicheveroccurslater)andwillnotchange,eveniftheyoungerAnnuitantpredeceasestheolderAnnuitant.

SECTION 8CONTRACT MATURITY DATE AND TERMINATION8.1 Annuity provisions

OntheContractMaturityDateor,onyourdirection,beforetheContractMaturity Date, (the “Annuitization Date”) the Total Contract Value(exclusive of the Aggregate Unit Value of any Income Class UnitsthenallocatedtotheContractand lessanyRedemptionFeesorotherapplicable fees) will be used to determine the Annuity Paymentspayable to theAnnuityPaymentRecipient.On theAnnuitizationDate,all Investment Class Units and Estate Class Units allocated to theContract will be Redeemed, the Guaranteed Benefits associated withthe Investment Class Units and Estate Class Units will end and theContractcannotbecommutedorsurrenderedexceptasoutlinedbelow.If the Annuitization Date occurs on the Contract Maturity Date, theContract Maturity Benefit, if any, will be calculated and any ContractMaturity Benefit applicable to Investment Class Units or Estate ClassUnitswillbeincludedintheTotalContractValueontheAnnuitizationDate.UnlessyouadviseusonorbeforetheContractMaturityDatethatyouwish to receiveasingle lumpsumpaymentof theTotalContractValue (exclusive of the Aggregate Unit Value of any Income ClassUnits thenallocatedtotheContractand lessanyRedemptionFeesorotherapplicablefees),wewillcalculateandcommencepayingAnnuityPaymentsasdescribedbelow.

IftheContractisnotaTFSA,theAnnuityPaymentswillbecalculatedbySunLifeusingthegreaterof(a)theratesspecifiedinthetablebelow,or(b)theimmediatepayoutannuityratesontheValuationDatecoinciding

with,orimmediatelyfollowing,theAnnuitizationDateapplicablefor(i)wherethereisonlyoneAnnuitant(oronesurvivingAnnuitantunderaJointAnnuitantContract),a10yearguaranteed lifeannuitybasedonthelifeoftheAnnuitant,or(ii)forJointAnnuitantContractswherebothAnnuitantsareliving,ajointlast-to-dieannuitybaseduponthelivesofbothAnnuitants.

Age�of��the�youngest�Annuitant�at�Annuitization�Date

Monthly�payment�per�$1,000�Total�Contract�Value�(exclusive�of�the�

Aggregate�Unit�Value�of�any�Income�Class�Units�then�allocated�to�the�

Contract�and�less�any�Redemption�Fees�or�other�applicable�fees)

0-24 $0.50

25-39 $0.75

40-59 $1.00

60-69 $1.50

70-85 $2.00

86andover $4.00

IftheContractisnotaTFSA,theAnnuityPaymentswillbepaidmonthlyto the Annuity Payment Recipient for a minimum of 10 years (therewill beno less than120AnnuityPayments), and thereafterwhile theAnnuitantlives.

If the Contract is a TFSA, the Annuity Payments will be calculatedby Sun Life using (a) the term certain annuity rates on the ValuationDatecoincidingwith,orimmediatelyfollowing,theAnnuitizationDateapplicable fora10 year termcertainannuityor (b) amonthly incomeof $8.50 for each $1,000 Total Contract Value (exclusive of theAggregate Unit Value of any Income Class Units then allocatedto the Contract and less any Redemption Fees or other applicablefees), whichever is greater. The Annuity Payments will be paidmonthly to the Annuity Payment Recipient for 10 years (there will be120AnnuityPayments).

If theAnnuitant diesbefore120Annuity Paymentsaremade, adeathbenefitwillbepayabletothepersonentitledtheretoaccordingtoSection16oftheContractinanamountequaltothecommutedvalue,onthedateoftheAnnuitant’sdeath,oftheremainderofthe120AnnuityPaymentsandwillbepaidinonelumpsum.ThedeathbenefitwillbeadjustedforallpaymentsthatmayhavebeenmadebyusbetweenthedateofthedeathoftheAnnuitantandthedatewereceivednoticeofsuchdeath.If theContract isnotaTFSAandtheAnnuitantdiesafter120AnnuityPaymentshavebeenmade, theAnnuityPaymentswill ceasewith thelastpaymentbeforedeath.Wehavetherighttorecoveroverpayments.

If the amount of a monthly Annuity Payment would be less thanthe amount of our minimum annuity payments according to ouradministrativepoliciesthenineffect,theninlieuofAnnuityPaymentswe have the right to pay to you on the Annuitization Date the TotalContract Value (exclusive of the Aggregate Unit Value of any IncomeClassUnitsthenallocatedtotheContract) inonesum,subjecttoanyRedemptionFeesorotherapplicablefees.

AnyIncomeClassUnitsallocatedtotheContractontheAnnuitizationDatewillremainallocatedtotheContractaftertheAnnuitizationDate.IncomeClassUnitswillbeexcludedfromtheTotalContractValueon

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theAnnuitizationDateforpurposesofcalculatingtheAnnuityPayments(or the single payment in lieu of Annuity Payments). On the ContractMaturityDate,anyContractMaturityBenefitapplicabletoIncomeClassUnits will be calculated and paid and the Contract Maturity BenefitassociatedwiththeIncomeClassUnitsthereafterends.

AtanytimebeforeoraftertheContractMaturityDate,youmayelecttocancel theGuaranteedLifetimeWithdrawalBenefit forany IncomeClass Units that are allocated to the Contract and instead receiveAnnuityPayments in respectof such IncomeClassUnits. If youmakethiselection,thentheamountoftheAnnuityPaymentsresultingfromsuchelectionwillbecalculatedasiftheAggregateUnitValueofsuchIncomeClassUnitswastheTotalContractValueandwillbeaddedtoanyotherAnnuityPaymentsyouarethenreceiving.

IntheeventthatAnnuityPaymentsarepayableasaresultoftherebeingInvestmentClassUnitsorEstateClassUnitsallocatedtotheContractontheAnnuitizationDateand,ontheAnnuitizationDateoratanytimethereafter, the LWABase is apositiveamount,wemay continue theContract as two separateContracts ifwe consider it to benecessaryor advisable for taxor administrative reasons. In such circumstances,one Contract will provide the Annuity Payments in respect of suchInvestmentClassUnitsandEstateClassUnitsand theotherContractwill include the positive LWA Base. All beneficiary designations,successorownerdesignationsandotherelectionsor rightsapplicabletotheContractbeforesuchcontinuationwillapplytothetwoseparateContractsafterthecontinuation.

8.2 Termination

If the Contract is not a TFSA, you may terminate the Contract at anytime prior to the Annuitization Date. If the Contract is a TFSA, youmay terminate theContract at any time. If youwish to terminate theContract,youmustnotifyusinwriting.

If the Contract is terminated prior to the Annuitization Date, wewill deposit an amount equal to the Total Contract Value (less anyRedemptionFeesorotherapplicablefeesandwithholdingtaxes),valuedontheValuationDatecoincidingwithorimmediatelyfollowingthedatewereceiveyourwritteninstructions,intoyourbankaccount,orwewillissueacheque.ForaRegisteredContract,wewilltransfertheproceedsto the institution of your choice (subject to any applicable pensionlegislation)andallUnitsallocatedtotheContractwillbeRedeemed.IftheContract isaTFSAandisterminatedaftertheAnnuitizationDate,wewilldepositorpayanamountequaltothecommutedvalueoftheContract,valuedontheValuationDatecoincidingwithorimmediatelyfollowingthedatewereceiveyourwritteninstructions.

Uponreceiptofwrittennotice,theContractwillterminateimmediately,subject to the payments described above. Payments made under thisSectionwilldischargeourobligationsundertheContract.

SECTION 9VALUATION9.1 Assets of the Funds

TheassetsoftheFundsareownedbySunLifeandaresegregatedfromSunLife’sotherassets.TheFundsarenotseparatelegalentities.EachFund is notionally divided into Classes for the purpose of allocatingcosts.TheassetsofaFundarenotpartitioned,notionallyorotherwise,

betweenClasses.EachClassisdividedintoUnitswhichareallocatedtoindividualContractsonlyforthepurposeofdeterminingentitlementsunderthoseContracts.Accordingly,aUnitisanotionalconceptonlyandyouacquirenodirectclaimonorproperty interest in theUnitsof theFund.UnitsareallocatedtoandwithdrawnfromtheContractaccordingto the terms of the Contract, or as provided or required by law. YouhavenorighttodirecttheinvestmentofassetsinanyFund.YouarenotamemberorshareholderofSunLifeandhavenovotingrightsarisingfromtheContractortheallocationofUnitstotheContract.Aswell,youarenotaunitholderinanyUnderlyingFundand,accordingly,acquirenorightor interest inanysuchUnderlyingFund.TherealizedearningsoftheassetsofeachFundwillbereinvestedintheFundandwillincreasethevalueofitsUnits.YouacquirenodirectclaimontheFundassetsbutonlyonthebenefitsundertheContract.

9.2 Market value of the assets of a Fund

Each Class of each Fund is valued at 4:00 p.m. (Eastern Time) on aValuation Date. Generally, the investments of the Funds includingthe investments in the Underlying Funds, other than money marketinstruments,arevaluedatpricesdeterminedby themarkets inwhichtheytrade.Investmentsinmoneymarketinstrumentsarevaluedattheircost of acquisitionadjustedbya constant amortization tomaturity ofanydiscountorpremium.

9.3 Class Value

The“Class Value”ofaClassofaFundonanyValuationDatemeansthe aggregate market value of the portion of the assets of the FundunderlyingsuchClassafterdeductingalloftheliabilitiesofsuchClass(including, without limitation, Management Fees, Insurance Fees andother expenses specific to that Class and its proportionate share ofall other liabilitiesof the Fundat such timewhicharenot specific toanother Class, such proportionate share to be based on the relativeClassValuesoftheClassesoftheFundonthepreviousValuationDate).

9.4 Unit Value

The“Unit Value”ofaClassofaFundonaValuationDatemeanstheamountobtainedwhentheClassValueofsuchClassoftheFundonsuchdateisdividedbythenumberofUnitsofthatClassallocatedtoContractson the previous Valuation Date. The Unit Value of a Class remains ineffectuntil thenextValuationDate.ThenumberofUnits inanyClassofaFundincludesfractions.TheUnitValueofafractionalUnitisequaltotheUnitValueofthatClassoftheFundmultipliedbysuchfraction.

ForeachFund,thenetincomeandcapitalgainsfromtheFund’sassetswillberetainedwithinthatFundandwillincreasethevalueoftheUnitsineachClassofsuchFund.ForeachFund,thenetlossesfromtheFund’sassetswilldecreasethevalueofUnitsineachClassofsuchFund.Suchnet income, capitalgainsandnet losseswill beapportionedbetweentheClassesoftheFundonthebasisoftherelativeClassValuesoftheClassesoftheFundonthepreviousValuationDate.

We reserve the right to increase the number of Units by splittingeach existing Unit into more Units, thus reducing the value of eachUnitproportionately.Conversely, thenumberofexistingUnitsmaybereducedbycombiningexistingUnits.InnoeventwilltheClassValueofaClassofaFundortheTotalContractValueoftheContractbeaffectedby such increaseor decrease in thenumberofUnits allocated to theClassortheContract.

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9.5 Total Contract Value

The “Total Contract Value” at any time means the AggregateUnit Value of all Units allocated to the Contract at that time. TheTotal Contract Value is not guaranteed but varies in accordance withfluctuationsinthemarketvalueoftheassetsunderlyingtheparticularClass of the Fund. Accordingly, the Total Contract Value at any timemaybemoreor less than theaggregateDeposits received in respectoftheContract.

SECTION 10INSURANCE FEES, MANAGEMENT FEES AND OTHER FEES AND EXPENSES

ThecombinedfeesofaClassofaFundarethesumof(i)theInsuranceFeeandManagementFeeofsuchClass,(ii)inthecaseofIncomeClass,theLWABaseFee,and(iii)aproportionateshare(basedontherelativeClassValuesoftheClassesoftheFundonthepreviousValuationDate)oftheManagementFeeoftheUnderlyingFund.ForfurtherinformationregardingtheLWABaseFee,seeSection13.17oftheContract.

10.1 Insurance Fees

Insurance Fees are a charge by Sun Life for providing the MaturityBenefit. The Maturity Benefit is calculated as either the ContractMaturity Benefit or the Death Benefit, depending upon whether theContractMaturityDateorDeathBenefitDateoccursfirst.SeeSection13.1oftheContractforadditionalinformation.

InvestmentClass

For InvestmentClassofaFund, the InsuranceFee iscalculatedasanannualpercentageofitsClassValue.Itiscalculatedandaccrueddailyandpaiddailyormonthlyoutof theassetsof thatClassof theFund.SeeSectionI-7.6oftheInformationFolderfortheannualpercentagesoftheInsuranceFeeforeachFund.TheInsuranceFeeforPIMInvestmentClassiscalculatedasapercentageoftheAggregateUnitValueofthePIM Investment Class Units allocated to the Contract and charged toyouratherthantheFund.SeeSection15.3oftheContractforadditionalinformation.

EstateClass

ForEstateClassofaFund(notincludingPIMEstateClass),partoftheInsurance Fee is charged to the assets of that Class of the Fund andis calculated and paid in the same manner as the Insurance Fee forInvestmentClassof that Funddescribedabove. The remainder of theInsuranceFeeischargedtoyou.ThisremainingportionoftheInsuranceFeeiscalculatedasanannualpercentageoftheDeathBenefitBaseforEstateClassundertheContractandisaccrueddailyandpaidquarterlybyRedeeminganappropriatenumberofEstateClassUnitsallocatedtotheContract.SeeSectionI-7.6oftheInformationFolderfortheannualpercentages of the Insurance Fees of the Funds charged to you inrespectofEstateClass.Where,onanyday,EstateClassUnitsofmorethanoneFundareallocatedtotheContract, this remainingportionofthe Insurance Fee is calculated separately for each Fund based on aproportionateamountoftheDeathBenefitBasedeterminedaccordingtothefollowingformula:

ProportionateamountofDeathBenefitBasefor

EstateClassUnitsofaspecificFund

=

DeathBenefitBaseforallEstateClass

UnitsallocatedtotheContract

x

AggregateUnitValueofEstate

ClassUnitsofthatFundallocatedto

theContract

AggregateUnitValueofall

EstateClassUnitsallocatedtothe

Contract

The Insurance Fee rate for that Fund is then applied against itsproportionateamountoftheDeathBenefitBase.

ForPIMEstateClass,alloftheInsuranceFeeischargedtoyouratherthantheFund.PartoftheInsuranceFeeforPIMEstateClassiscalculatedasapercentageoftheAggregateUnitValueofthePIMEstateClassUnitsallocated to the Contract and the remaining portion of the InsuranceFee is calculated as an annual percentage of the Death Benefit BaseforEstateClassunder theContract.WherePIMEstateClassUnitsofmorethanoneFundareallocatedtotheContract,theInsuranceFeeiscalculatedseparatelyforeachFundbasedonaproportionateamountoftheAggregateUnitValueorDeathBenefitBaseassociatedwiththePIMEstateClassUnitsusingthemethodologydescribedabove.SeeSection15.3oftheContractforadditionalinformation.

IncomeClass

For Income Class of a Fund, the Insurance Fee is charged to you andis calculatedasanannualpercentageof theLWABase.SeeSectionI-7.6 of the Information Folder for the annual percentages of theInsuranceFeesoftheFundschargedtoyouinrespectofIncomeClass.TheInsuranceFeeiscalculatedforeachcalendarquarterandpaidonthe last day of such calendar quarter by Redeeming an appropriatenumberofIncomeClassUnitsallocatedtotheContract.TheInsuranceFeewillnotbeprorated forperiodsshorter thanacompletecalendarquarter.Where,onthedatethattheInsuranceFeeisbeingcalculated,IncomeClassUnitsofmorethanoneFundareallocatedtotheContract,the Insurance Fee is calculated separately for each Fund based on aproportionate amount of the LWA Base determined according to thefollowingformula:

ProportionateamountofLWABaseforIncomeClassUnitsofa

specificFund

= LWABase x

AggregateUnitValueofIncome


theContract


IncomeClassUnitsallocatedtothe

Contract

The Insurance Fee rate for that Fund is then applied against itsproportionateamountoftheLWABase.

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10.2 Management Fees

AManagementFeeischargedinrespectofeachClassofeachFund.

ForeachClassofUnitsotherthanPIMUnits,theManagementFeeisanannualpercentageoftheClassValueoftheClassoftheFundtowhichtheManagementFeerelates.ItiscalculatedandaccrueddailyandpaiddailyormonthlyoutoftheassetsofthatClassoftheFund.

For PIM Units, a portion of the PIM Management Fee is embeddedandcalculatedasanannualpercentageof itsClassValue(otherthanSunWiseEssentialCIMoneyMarketSegregatedFund).Itiscalculatedandaccrueddailyandpaiddailyormonthlyoutof theassetsof thatClass of the Fund. The remainder of the PIM Management Fee ischarged to you (rather than to the Fund) on a quarterly basis and iscalculatedasanannualpercentageoftheAggregateUnitValueofPIMUnits of that Fund allocated to the Contract. See Section 15.3 of theContractforadditionalinformation.

SeeSection I-7.6of the InformationFolder for thepercentagesof theManagementFeeschargedinrespectofeachClassofeachFund.

10.3 Changes to Insurance Fees and Management Fees

SunLifereservestherighttochange,fromtimetotime,theInsuranceFeeandtheManagementFeeapplicabletoanyClassorClassesofanyFundorFunds.Anysuchchangewillbedisclosedinthenextyearendstatement.IfthechangeincreasesaManagementFeeorresultsinanInsuranceFeethatexceedstheInsuranceFeelimit,SunLifewillcomplywith the Fundamental Change provisions set out in Section 4 of theContract.TheInsuranceFeelimitisthecurrentInsuranceFeeplusthegreaterof50basispointsand50%of thecurrent InsuranceFee.TheInsuranceFeelimitforeachClassofeachFundisnotedinparenthesisinSectionI-7.6oftheInformationFolder.

10.4 Management Fees of Underlying Funds; Operating Expenses

EachUnderlyingFund is responsible forpaying itsManagementFees.InsuranceFeesandManagementFeesrelatingtotheFundsarepaidtoSunLifewhileManagementFeesrelatingtotheUnderlyingFundsarepaidtothemanagersoftheUnderlyingFunds.

EachClassofaFundandeachUnderlyingFundalsoisresponsibleforitsownorganizational,administrativeandoperatingexpensesincludingGoodsandServicesTax,HarmonizedSalesTaxandanyotherapplicabletaxes.ThereisnoduplicationinthefeesandsaleschargesoftheFundsandtheUnderlyingFunds.Ingeneralterms,themanagementexpenseratio(or “MER”)ofaFundisthesumofallfeesandexpensesoftheFundexpressedasanannualpercentageoftheaveragenetassetsoftheFundduringtheyear.AseparateMERiscalculatedforeachClassofeachFund.TheMERofaFundincludestheMERofitsUnderlyingFund.

10.5 Recovery of expenses and investment losses

You agree to indemnify Sun Life and CI for any costs, expenses andinvestmentlosseswhichtheyincurasaresultofincompleteorincorrectinformationprovidedbyyoutoSunLifeorCI,actingonbehalfofSunLife,including,butnotlimitedto,thosecosts,expensesandinvestmentlossescausedbyNSF(notsufficientfunds)payments.

SECTION 11SALES CHARGE OPTIONS AND EARLY WITHDRAWAL FEES11.1 Fee options

There is a choice of Initial Sales Charge or Deferred Sales ChargeoptionsforPremiumsdepositedtoallClassesof theFundsexcept forPIMUnits.No sales chargesorRedemption Feesapply toPIMUnits.There are no sales charges or Redemption Fees payable by you inrespect of the Underlying Funds. Any sales charges and RedemptionFeesinrespectoftheFundsarenotaduplicationofanysalescharges.

(a) Initial Sales Charge option

Ifyouselectthisoption,asalescharge(the “Initial Sales Charge”or“ISC”)ofupto5%ofthePremiummaybedeductedfromyourPremiumat thetimethePremiumispaid.Youcannegotiatewithyour Distributor the amount of sales charge paid by you at thistime.ThesaleschargeamountisdeductedfromtheamountofyourPremiumandthenetamount(theDeposit)isthenusedtoallocateUnitstotheContractaccordingtoyourchoseninvestmentoptions.

(b) Deferred Sales Charge option and Redemption Fees

Ifyouselectthisoption,youmayberequiredtopayaRedemptionFee(alsocalleda“Deferred Sales Charge”or“DSC”)atthetimeUnitsareRedeemedfromaFund.Wereserve the right tochangetheRedemptionFeesfromtimetotimeon60dayswrittennoticetoyou.AnysuchchangewillapplyonlytoDepositsmadeafterexpiryofthenoticeperiod.NosaleschargeamountisdeductedfromtheamountofyourPremium.

RedemptionFeesarecalculatedasapercentageoftheoriginalUnitValueof theUnitswhen theywerefirst allocated to theContract,multipliedbythenumberofUnitsthatyouRedeemfromtheContract.TheRedemptionFeepercentagesaresetoutinthetablebelow:

Year�of�Withdrawal�(withdrawal�including�Contract�termination)

Redemption�Fees�as�a�Percentage�of�the�Original�

Unit�Value�of�the�Units�Redeemed

year1 5.5%

year2 5.0%

year3 5.0%

year4 4.0%

year5 4.0%

year6 3.0%

year7 2.0%

year8 0.0%

Redemption Fees apply to any Redemption of Units within thefirstsevenyearsfollowingthedateoftheDeposit(includinguponterminationoftheContract),exceptasdescribedinSection11.1(c)of theContract. IfaRedemptionFeeapplies, itwillbecalculatedbeginning with the Units of that Class of the Fund allocated bythe earliest Deposit under the Contract allocated to such ClassoftheFund.

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IfanyoftheDeathBenefitBasesareresetoryoumakeatransferbetween Funds, theageof yourDepositswill not beaffected forRedemption Fee purposes. If the Redeemed Units were allocatedto the Contract as a result of a transfer from another Fund, theRedemptionFeewillbecalculatedbasedontheUnitValueoftheoriginalUnitsonthedatetheywereallocatedtotheContract.Theoriginal Units are those Units originally allocated to the Contractas a result of a Deposit and which, as a result of one or moretransfers between Funds, have become the current Units. If thenew Units are not available under the Deferred Sales Chargeoption,youwillberequiredtopaytheRedemptionFeeatthetimeofthetransfer.

(c) Circumstances when the Redemption Fee is not charged

FreeRedemptionWithdrawals(DSC-FreeUnits)

Wecurrentlyhaveanadministrativepolicywherebyeachyearwewill waive a portion of Redemption Fees in order that you mayRedeem, at no charge, some of the Units of each Class of eachFundwhichwouldotherwisebesubjecttoRedemptionFees.Thisiscalledyour“freeredemptionright”andtheDeferredSalesChargeUnitsthatyoumaysoRedeemarecalled“DSC-Free Units”.Wemay change this administrative policy at any time without noticetoyou.

Currently,theavailablenumbersofDSC-FreeUnitsofeachClassofeachFundarecalculatedasfollows:

10%(20%iftheContractisaRRIF)ofthenumberofDeferredSalesCharge Units of that Class of that Fund allocated to the Contracton December 31 of the preceding year that are subject to theRedemptionFee,plus

10%(20%iftheContractisaRRIF)ofthenumberofnewDeferredSales Charge Units of that Class of that Fund allocated to theContract in the current calendar year, multiplied by the numberof months remaining in the calendar year (including the month ofallocation)dividedby12.

Anyunusedportionofthisfreeredemptionrightcannotbecarriedforward into subsequent years. If you transfer a portion of yourDeferredSalesChargeUnitsofaClassofaFundtoadifferentFund,aproportionatenumberoftheDSC-FreeUnitsofthefirstFundwillbeincludedinthetransfertotheClassofthesecondFund.

IfyouRedeemDSC-FreeUnitsofaFund,theoriginalUnitValueofthoseDSC-FreeUnitswillbeaddedtotheoriginalUnitValueofallremaining Deferred Sales Charge Units of that Class of the Fundallocated to the Contract. If you withdraw further Deferred SalesChargeUnitsofthatClassoftheFundwhenDeferredSalesChargesstillapplyandwithoutusingthefreeredemptionright,theDeferredSalesChargewillbecalculatedbasedupontheincreasedoriginalUnitValueofthoseDeferredSalesChargeUnitsandwillbehigherthan if you had not previously Redeemed DSC-Free Units. If suchwithdrawalisofalltheDeferredSalesChargeUnitsofthatClassoftheFundallocatedtotheContract,theincreasedDeferredSalesChargewillbe thesameas ifyouhadneverRedeemedDSC-FreeUnitsofthatClassoftheFund.

It is not possible to request that DSC-Free Units be treated as Initial Sales Charge Units, whether for purposes of changing the servicing commission rate associated with such Units or for any other reason. Such a change can be made only byRedeeming theDSC-FreeUnitsandusing theproceeds toacquirethesameUnitsas InitialSalesChargeUnits.ThismayreducetheGuaranteedBenefits,andmaytriggeracapitalgainiftheContractisaNon-RegisteredContract.

RedemptionstopayContract-LevelFees

TheRedemptionFeewillbewaivedforanyUnitsthatareRedeemedinordertopayContract-LevelFeesthatarechargedtoyou.

RedemptionsonDeath

In the case of death of the Annuitant or, for Joint AnnuitantContracts,thedeathofthelastsurvivingAnnuitant,theRedemptionFeeswillbewaived.

11.2 Early withdrawal fees

Inaccordancewithouradministrativepolicies,wemayapplyanearlywithdrawalfeeof2%oftheamountwithdrawnfromanyFund,ifUnitsareRedeemedwithin30businessdaysaftertheUnitswereallocatedto the Contract. Any such early withdrawal fee is in addition to anyRedemptionFeewhichmayapply.Theearlywithdrawalfeewillnotbecharged in circumstancesdescribed inSection11.1(c) of theContractwheretheRedemptionFeeiswaived.

WemaychargetheearlywithdrawalfeeifUnitsaretransferredfromaFundwithin30businessdaysafterhavingbeenallocatedtothatFund.

Early withdrawal fees, if charged, are deducted from the amountwithdrawn or transferred and retained by the Fund from which thewithdrawalortransferoccurs.

SECTION 12AVAILABILITY OF CLASSES AND FUNDS12.1 General

Currently, we offer the Classes of Units and Funds described in theInformationFolder.NotallClassesareavailableforeachFund.

WemayofferadditionalFundsandClassesfollowingthepurchaseoftheContract,andwe reserve the right todesignate in the future thatany Fund or Class of a Fund is no longer available for new Depositsor for transfers or reclassifications to such Fund or Class by givingyouwrittennoticeofour intent todosoat least60days inadvance.This right shall not operate or be construed so as to limit or restrictanyotherrightthatSunLifehasunderthetermsoftheContract.SunLifereservestherighttoofferFundsintroducedaftertheContractDatein Units of fewer Classes than are currently offered. For a list ofavailable Funds and Classes following the purchase of the Contract,pleasecontactyourDistributor.

WemaychangeatanytimeinourdiscretionwhichFundsareavailableineachClass.Wealsomayintroducerequirementsontheproportionsof Funds that may be allocated to the Contract or to any particularClass. These and other investment requirements may be introduced

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orchangedbyusfromtimetotime, inourdiscretionto,amongotherpurposes,attempttoreducethevolatilityoftheTotalContractValueoftheContractand/orensurethataminimumproportionoftheContractisexposedtofixedincomeinvestments.WemayreallocateyourUnitsof one Class into Units of a difference Class of the same Fund or adifferentFundinordertocomplywiththeserequirements.Wewillgiveyouwrittennoticeofourintenttodosoatleast60daysinadvance.

12.2 Allocating Deposits to a Fund and Class

WhenyoumakeaDeposit,youmustselecttheFund(s)andClass(es)towhichyouwishtoallocateyourDeposit.YourchoiceofClass(es)willdeterminetheGuaranteedBenefitsthatwillapplytothatDeposit.TheContractgivesyoutherighttoallocateeachDeposityoumaketoeitherInvestment Class Units, Estate Class Units or Income Class Units ofoneormoreFunds.YoumayallocatepartofeachDeposittooneClassofUnitsofoneormoreFundsandthebalancetoadifferentClassorClassesofUnitsofotherFunds.YoumaychoosetoallocateDepositstodifferentClassesofUnitsforeachparticularFundatthetimeofeachDeposit.IfPIMUnitsareallocatedtotheContract,thenUnitsthatarenot PIM Units cannot also be allocated to the Contract, at the sametimeandviceversa.TheDepositsmadetoanyparticularClasswillbeincreasedoneachValuationDatethatafurtherDepositismadetosuchClassbytheamountofsuchfurtherDeposit.

TheContractprovidesaMaturityBenefitontheMaturityDateforeachClass that is calculated as either its Contract Maturity Benefit or itsDeathBenefit,dependingonwhethertheContractMaturityDateortheDeathBenefitDateoccursfirst.TheContractalsoprovidesaGuaranteedLifetimeWithdrawalBenefitforIncomeClass.TheGuaranteedBenefitsprovidedbytheContractforeachClassaresummarizedbelow:

InvestmentClass:

75%ContractMaturityBenefit75%DeathBenefit

EstateClass:

75%ContractMaturityBenefit100%DeathBenefit

IncomeClass:

75%ContractMaturityBenefit100%DeathBenefitGuaranteedLifetimeWithdrawalBenefit.

The Guaranteed Benefits are described in detail in Section 13 of theContract. Sun Life is the guarantor of all Guaranteed Benefits of theContract.

The Valuation Date on which your first Deposit is made under theContract (regardless of the Fund or Class you selected) will establishboththeContractDateandtheContractAnniversaryDate.

YoumaychangeGuaranteedBenefitsbyreclassifyingUnitsofoneClassofaFundtoUnitsofadifferentClassoftheFund.SeeSection14oftheContractforadditionalinformation.

SECTION 13GUARANTEED BENEFITS13.1 Maturity Benefit

The Contract provides a Maturity Benefit on the Maturity Date. If theMaturityDateoccursontheContractMaturityDate,theMaturityBenefitwillbecalculatedastheContractMaturityBenefit.IftheMaturityDateoccurs on the Death Benefit Date (or if the Death Benefit Date andContractMaturityDateoccuronthesameday),theMaturityBenefitwillbecalculatedastheDeathBenefit.

13.2 Contract Maturity Benefit

(a) Contract Maturity Benefit

IftheContractMaturityDateoccursbeforetheDeathBenefitDate,then Sun Life will pay a Maturity Benefit equal to the ContractMaturity Benefit. The “Contract Maturity Benefit” is the sumof the Class Contract Maturity Benefits for each Class of Unitsallocated to the Contract on the Contract Maturity Date. In noevent will a Class Contract Maturity Benefit be less than 75% ofthe aggregate Premiums allocated to such Class on the ContractMaturity Date in the manner described in Section 2.2 of theContract.

(b) Calculating the Class Contract Maturity Benefit

The“Class Contract Maturity Benefit”foreachClass(calculatedseparately)isthegreaterof:

(i) theAggregateUnitValueofalltheUnitsofthatClassallocatedtotheContractontheContractMaturityDate;and

(ii) 75%oftheContractMaturityBaseforthatClassineffectontheContractMaturityDate.

(c) Calculating the Contract Maturity Base

InitialContractMaturityBase

OntheValuationDatethatUnitsofaClassarefirstallocatedtotheContract(whetherbypaymentofaDepositorbyreclassifyingUnitsfrom a different Class into Units of that Class), we will calculateanamount(the“Contract Maturity Base”) forthatClassthat isequalto(asapplicable):

(i) theamountoftheDeposit;

(ii) in the case of a reclassification to Estate Class or IncomeClass from InvestmentClass, theAggregateUnitValueof theadditionalEstateClassUnitsorIncomeClassUnits(asapplicable)allocatedtotheContractasaresultofthereclassification;or

(iii)in the case of any type of reclassification not described inparagraph(ii)above,theamountbywhichtheContractMaturityBasewasreducedintheClassfromwhichthereclassificationwas made, less any change fee charged pursuant to Section14.1oftheContract.

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IncreasestotheContractMaturityBasefor IncreasesofDepositsandReclassifications

On each Valuation Date that a subsequent Deposit is allocated to aClass,wewillincreasetheContractMaturityBaseofthatClassbytheamountofsuchDeposit.

On each Valuation Date that Units from Investment Class arereclassified to Estate Class or Income Class, we will increasethe Contract Maturity Base for Estate Class or Income Class (asapplicable)bytheAggregateUnitValueoftheadditionalEstateClassUnitsorIncomeClassUnits(asapplicable)allocatedtotheContractasaresultofthereclassification.Inthecaseofanytypeofreclassificationnot described immediately above, we will increase the ContractMaturityBaseoftheClasstowhichthereclassificationismadebytheamountbywhichtheContractMaturityBasewasreducedintheClassfromwhichthereclassificationwasmade,lessanychangefeechargedpursuanttoSection14.1oftheContract.

Reductions to the Contract Maturity Base for RedemptionsandReclassifications

OneachValuationDatethatyouRedeemUnitsofaClass(otherthantopayContract-LevelFees)orreclassifyUnitsofthatClassforUnitsofadifferentClass,wewillreducetheContractMaturityBaseofthatClassproportionatelyaccordingtothefollowingformula:

ReducedContractMaturityBase

followingRedemptionorreclassification

=

ContractMaturityBaseimmediately

priortotheRedemptionorreclassification

x (AUV–WD)AUV

Where:

“AUV” AggregateUnitValueoftheUnitsofthatClassallocatedtotheContractimmediatelypriortotheRedemptionorreclassification

“WD” AggregateUnitValueoftheUnitsRedeemedorreclassified

(d) Contract Maturity Benefit General Provisions

OntheContractMaturityDate,SunLifewilldepositonyourbehalfinrespectofeachClassanamountequaltotheamount,ifany,bywhich the Class Contract Maturity Benefit of such Class exceedstheAggregateUnitValueofallUnitsofthatClassallocatedtotheContractontheContractMaturityDate.Suchdepositwillbemadeinto the same Class of Units of the SunWise Essential CI MoneyMarketFund(or,ifnotthenavailable,intothesameClassofUnitsofanyotherFunddesignatedforsuchpurposebyus).AllUnitsofthatClass (otherthan IncomeClassUnits) thenwillbeRedeemedand the lump sum amount or Annuity Payments paid by Sun Lifepursuant to Section 8.1 of the Contract will constitute paymentof the Contract Maturity Benefit. Such payment of the ContractMaturityBenefitisconditionalontheContractbeinginforceontheContractMaturityDateandtheAnnuitantthenbeingalive.

13.3 Death Benefit

(a) Death Benefit

IftheAnnuitantdies(or,inthecaseofaJointAnnuitantContract,thelastsurvivingAnnuitantdies)onorbeforetheContractMaturityDate,thenSunLifewillpayaMaturityBenefitequaltotheDeathBenefit.

TheDeathBenefitispayabletothepersonentitledtheretofollowingreceiptbyusofproofsatisfactorytousoftheAnnuitant’sdeathandtheclaimant’s right to theproceeds.The“Death Benefit” is thesumof theClassDeathBenefits foreachClassofUnitsallocatedtotheContractontheDeathBenefitDate.InnoeventwillaClassDeathBenefitbelessthan75%ofthePremiumsallocatedtosuchClassontheDeathBenefitDateinthemannerdescribedinSection2.2 of the Contract. The Class Death Benefits associated withInvestment Class and Estate Class end on the Contract MaturityDate or the Annuitization Date (whichever occurs first). In somecircumstances,thespouseorcommon-lawpartneroftheAnnuitantmay choose an alternative to receiving a cash payment of theDeath Benefit. See Section 13.20 of the Contract for additionalinformation.

(b) Calculating the Class Death Benefit

The“Class Death Benefit”forInvestmentClassisthegreaterof:

(i) theAggregateUnitValueofallInvestmentClassUnitsallocatedtotheContractontheDeathBenefitDate,and

(ii) 75%oftheDeathBenefitBaseforInvestmentClassineffectontheDeathBenefitDate.

The“Class Death Benefit” foreachofEstateClassand IncomeClass(calculatedseparately)isthegreaterof:

(i) theAggregateUnitValueofallUnitsofthatClassallocatedtotheContractontheDeathBenefitDate,and

(ii) 100%oftheDeathBenefitBaseforthatClassineffectontheDeathBenefitDate.

(c) Calculating the Death Benefit Base

InitialDeathBenefitBase

OntheValuationDatethatUnitsofaClassarefirstallocatedtotheContract(whetherbypaymentofaDepositorbyreclassifyingUnitsfromadifferentClassintoUnitsofthatClass),wewillcalculateanamount(the“Death Benefit Base”)forthatClassthatisequalto(asapplicable):

(i) theamountoftheDeposit(subject,inthecaseofEstateClassorIncomeClass,totheLateDepositReduction,ifapplicable);

(ii) in the case of a reclassification to Estate Class or IncomeClass from Investment Class, the Aggregate Unit Value ofthe additional Estate Class Units or Income Class Units(as applicable) allocated to the Contract as a result of thereclassification (subject, if applicable, to the Late DepositReduction);or

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(iii)in the case of any type of reclassification not described inparagraph (ii) above, the amount by which the Death BenefitBasewasreducedintheClassfromwhichthereclassificationwas made, less any change fee charged pursuant to Section14.1oftheContract.

Increases to the Death Benefit Base for Increases of DepositsandReclassifications

OneachValuationDatethatasubsequentDeposit isallocatedtoaClass,wewill increase theDeathBenefitBaseof thatClassbytheamountofsuchDeposit(subject,inthecaseofEstateClassorIncomeClass,totheLateDepositReduction,ifapplicable).

On each Valuation Date that Units from Investment Class arereclassified toEstateClassor IncomeClass,wewill increase theDeathBenefitBaseforEstateClassorIncomeClass(asapplicable)by the Aggregate Unit Value of the additional Estate Class Unitsor IncomeClassUnits (asapplicable)allocated to theContractasa result of the reclassification (subject, if applicable, to the LateDepositReduction). In thecaseofany typeof reclassificationnotdescribed immediately above, we will increase the Death BenefitBase of the Class to which the reclassification is made by theamountbywhichtheDeathBenefitBasewasreducedintheClassfrom which the reclassification was made, less any change feechargedpursuanttoSection14.1oftheContract.

LateDepositReduction

WheretheDeathBenefitBaseforEstateClassorIncomeClassistobeincreasedonaValuationDateaftertheAnnuitant’s75thbirthdaybyreasonofaDepositintothatClassorareclassificationofUnits

fromInvestmentClasstothatClass,theamountaddedtotheDeathBenefitBasewillbe80%of theamount thatotherwisewouldbeaddedforthefirstthreeyearsfollowingsuchValuationDate.Aftersuch three year period, 100% of the amount will be included intheDeathBenefitBaseprovidedtheAnnuitanthasnotdiedduringsuch threeyearperiod.Forgreatercertainty,a resetof theDeathBenefitBaseforeitherEstateClassorIncomeClassinthemannerdescribedbelowwillnotconstituteaDepositandthereforewillnot,byitself,triggertheapplicationoftheLateDepositReduction.

Reductions to the Death Benefit Base for Redemptions andReclassifications

On each Valuation Date that you Redeem Units of a Class (otherthantopayContract-LevelFees)orreclassifyUnitsofthatClassforUnitsofadifferentClass,wewillreducetheDeathBenefitBaseofthatClassproportionatelyaccordingtothefollowingformula:

NewDeathBenefitBaseofthat

ClassfollowingRedemptionorreclassification

=

DeathBenefitBaseofthatClass

immediatelypriortotheRedemptionor

reclassification

x (AUV–WD)AUV

Where:

“AUV” AggregateUnitValueoftheUnitsofthatClassallocatedtotheContractimmediatelypriortotheRedemptionorreclassification

“WD” Aggregate Unit Value of the Units of that Class Redeemed orreclassified

ResettingtheDeathBenefitBase(EstateClassandIncomeClassonly)

Subjecttoourthencurrentadministrativepolicies,chargesandfees,andsubjecttoanyapplicablelegislativeorregulatoryrequirements,everythirdContractAnniversaryDateuntiltheAnnuitantreachestheageof80yearsandontheContractAnniversaryDateinthecalendaryearinwhichtheAnnuitantreachestheageof80years,wewillincreasetheDeathBenefitBaseforEstateClassandIncomeClasstotheAggregateUnitValueofallUnitsofthatClassallocatedtotheContractonsuchContractAnniversaryDateifsuchAggregateUnitValueexceedstheDeathBenefitBaseofthatClass(calculatedasifnoLateDepositReductionthenapplies)onsuchContractAnniversaryDate.

AftertheDeathBenefitBaseisresetasdescribedabove,anyLateDepositReductionthatwasineffectpriortotheresetwillcontinuetoapplytoaproportionateamountoftheDeathBenefitBaseaftertheresetasdescribedbelow.

ResetDeathBenefitBase(including

LateDepositReduction)

=

DeathBenefitBaseofthatClassnotsubjecttoLate

DepositReductionimmediatelypriorto

theresetx

ResetDeathBenefitBase(notincluding

LateDepositReduction)

+


subjecttoLateDepositReduction

immediatelypriortothereset

x

ResetDeathBenefitBase(not

includingLateDepositReduction)

x80%





Wereservetherighttodiscontinue,modifyorsuspendalloranypartoftheresetsdescribedaboveatanytimebygivingyouwrittennoticeofourintentiontodosoatleast60daysinadvance.

AresetoftheDeathBenefitBaseforEstateClassorIncomeClasswillnotchangetheDepositsallocatedtothatClassortheContractMaturityBenefitassociatedwiththatClass.TheDeathBenefitBaseforEstateClassandIncomeClasswillberesetonlywhiletheAnnuitantisalive.AnyresetofaDeathBenefitBasethatoccursafterthedeathoftheAnnuitantwillbereversed.

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(d) Death Benefit General Provisions

EffectiveontheDeathBenefitDate,wewillsurrenderalloftheUnitsallocatedtotheContractandtheamountoftheDeathBenefitwillbeheldintheSunWiseEssentialCIMoneyMarketFundaccount(orotherFunddesignatedbyus)onbehalfofthepersonentitledtheretountilpaid.IftheDeathBenefitexceedstheAggregateUnitValueofallUnitssosurrendered,theamountheldintheSunWiseEssentialCIMoneyMarketFundaccount(orotherFunddesignatedbyus)willincludeanamountpaidbySunLifeequaltosuchdifference.

TheDeathBenefitwillbeadjustedforallpaymentsthatmayhavebeenmadebyusbetweenthedateof thedeathof theAnnuitantandthedatewereceivednoticeofsuchdeath.Wehavetherighttorecoveroverpayments.

The person entitled to receive the Death Benefit may choose toreceivepaymenteitherincashorusinganyoftheoptionalmethodsofsettlementthatSunLifeismakingavailableatthattime.PaymentoftheDeathBenefit(includinganydeathbenefitrelatedtoAnnuityPaymentspursuant toSection8.1of theContract)dischargesSunLife and CI from all of their obligations and liabilities under theContract and all related documents. In some circumstances, thespouse or common-law partner of the Annuitant may choose analternative to receivingacashpaymentof theDeathBenefit.SeeSection13.20oftheContractforadditionalinformation.

If the Contract is an RRSP or LIRA, the Death Benefit is requiredtobepaid ina lumpsuminaccordancewith the IncomeTaxAct.If thespouseor common-lawpartnerof theAnnuitant is thesolebeneficiary of the Class Death Benefit relating to Income Class,in certain circumstances such spouse or common-law partnermaywaivepaymentat that timeofsuchClassDeathBenefitandinsteadtransfertheAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractonsuchdatetoanRRSPofsuchspouseor common-law partner. See Section 13.20(a) of the Contract foradditionalinformation.

If the Contract is issued as an RRSP, LIRA, Locked-in RSP, RLSP,RRIF, LRIF, LIF, PRIF, RLIF or TFSA, then additional requirementsapplyconcerningthepaymentoftheDeathBenefit.

RRIF

IftheContract is issuedasaRRIFandtheOwnerdiesbeforeAnnuityPaymentshavecommenced,thentheOwner’sspouseorcommon-lawpartner, ifnamedasthesolebeneficiary,maycontinuetoreceivetheperiodicpaymentspermittedundertheIncomeTaxActandexercisefullownership rightsunder theContract, inwhicheventnoDeathBenefitwillbepaidat that time in respectofanyClass. If, inadditionto thecircumstances described above, the Two-Life Income Stream appliesto the Contract, the surviving spouse or common-law partner will bedeemed to have made the election described above, in which eventnoDeathBenefitwillbepaidatthattimeinrespectofanyClass.SeeSection13.20foradditionalinformation.

Inallothercircumstances,theDeathBenefitwillbepaidinaccordancewiththeContract,followingreceiptbyusoftheapplicabledocumentation.

LIRA, Locked-in RSP, RLSP, LRIF, LIF, PRIF or RLIF

IftheContractisissuedasaLIRA,Locked-inRSP,RLSP,LRIF,LIF,PRIFor RLIF and the Owner dies before the Contract Maturity Date, theDeathBenefitmustcomplywiththerequirementsofanRRSPorRRIF,asapplicable,describedaboveandapplicablepensionlegislationwhichgenerally requires the payment of the Death Benefit to the Owner’ssurvivingspouseorcommon-lawpartner.

TFSA

IftheContractisissuedasaTFSA,thentheOwner’sspouseorcommon-lawpartner,ifnamedasthesolebeneficiary,mayelecttoexercisefullownership rightsunder theContract, inwhicheventnoDeathBenefitwillbepaidat that time in respectofanyClass. If, inadditionto thecircumstances described above, the Two-Life Income Stream appliesto the Contract, the surviving spouse or common-law partner will bedeemed to have made the election described above, in which eventnoDeathBenefitwillbepaidatthattimeinrespectofanyClass.SeeSection13.20foradditionalinformation.

IfAnnuityPaymentshavecommencedand thePlanholderdiesbefore120 Annuity Payments are made in accordance with Section 8.1 oftheContract, theremainderof theAnnuityPaymentsmaybemadetotheOwner’sspouseorcommon-lawpartner,iftheyarenamedassolebeneficiary.However,iftheOwner’sspouseorcommon-lawpartnerisnamedassolebeneficiary,heorshemay request that thecommutedvalueoftheremainderoftheAnnuityPaymentsbemadeinonelumpsum.IfAnnuityPaymentshavebecomepayableunderSection8.1oftheContractandthebeneficiaryisnottheOwner’sspouseorcommon-lawpartner, theDeathBenefitwillbepayable in theamountequal to thecommutedvalue,onthedateoftheAnnuitant’sdeath,oftheremainderoftheAnnuityPaymentsandwillbepaidinonelumpsum.Otherwise,theDeathBenefitwillbepaidinaccordancewiththeContract,followingreceiptbyusoftheapplicabledocumentation.

13.4 Guaranteed Lifetime Withdrawal Benefit (Income Class Only) – Overview

You are entitled to the Guaranteed Lifetime Withdrawal BenefitdescribedinthefollowingprovisionsofthisSection13inrespectofalltheIncomeClassUnitsallocatedtotheContract.

TheGuaranteedLifetimeWithdrawalBenefitprovidesforaguaranteedLWAIncomeStreambasedonthe lifeof theAnnuitantor,wheretheTwo-Life Income Stream applies, the lives of both the Annuitant andthe Second Life. This guaranteed LWA Income Stream first becomesavailableintheyearinwhichtheAnnuitant(or,iftheTwo-LifeIncomeStreamapplies,theyoungeroftheAnnuitantandtheSecondLife)turns65 years of age, or if you make the Age 55 LWA Election, 55 yearsofage.

Anywithdrawal from IncomeClassUnits (other than topayContract-LevelFeesoraspaymentoftheLWA,anLWADeferralortheLWARRIFMAP) and any reclassification of Income Units to Units of a differentClass thatconstitutesanEarlyWithdrawalorExcessWithdrawalwillreducetheGuaranteedLifetimeWithdrawalBenefit.

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13.5 Making Deposits to Income Class

Youmay,atanytimepriortotheLWABaseAdditionDeadline,allocateDeposits to IncomeClassUnitsand reclassify InvestmentClassUnitsorEstateClassUnitsallocatedtotheContracttoIncomeClassUnits.

The Aggregate Unit Value of Income Class Units allocated to theContractmustbeatleast$25,000immediatelyafterIncomeClassUnitsarefirstallocatedtotheContract.

If, immediately following a Redemption of Income Class Units (otherthan to pay Contract-Level Fees or as payment of the LWA, an LWADeferral or the LWA RRIF MAP) or a reclassification of Income ClassUnits,theAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractislessthan$25,000,wereservetherighttoreclassifytheIncomeClassUnitstoEstateClassUnits,whichwillresultinthelossoftheGuaranteedLifetimeWithdrawalBenefit.

13.6 Establishing the Guaranteed Lifetime Withdrawal Benefit

TheIncomeClassprovidesaGuaranteedLifetimeWithdrawalBenefit.Under the Guaranteed Lifetime Withdrawal Benefit, a pre-determinedamount (the “LWA”) will be available for withdrawals from IncomeClass Units each calendar year for the duration of the LWA IncomeStream. During the Guaranteed Payment Phase, Sun Life guaranteesthat it will continue to pay the LWA for the remainder of the LWAIncome Stream (the “Guaranteed Lifetime Withdrawal Benefit”or “GLWB”), subject to the terms and conditions contained in thisSection13.TheLWA iscalculatedasapercentageof theLWABaseas described in Section 13.9 of the Contract and is subject to theadjustmentsdescribedinthisSection13.

IfthefirstallocationofIncomeClassUnitstotheContractoccurspriorto the LWA Eligibility Date, the LWA will not be available until theLWAEligibilityDate.IfthefirstallocationofIncomeClassUnitstotheContractoccursonorafter theLWAEligibilityDate, theLWAwillbeimmediatelyavailable(subject,ifapplicable,toQuarterlyProration).

TheLWAwillbecomeavailablefromJanuary1stoftheyearinwhichtheLWAEligibilityDatewilloccur.TheLWAwillbefirstcalculatedontheimmediatelyprecedingDecember31st.

13.7 Selecting the LWA Income Stream

TheLWAmaybewithdrawnusingoneof twoavailableLWA IncomeStreams: theOne-Life IncomeStreamor theTwo-Life IncomeStream.AtthetimethatIncomeClassUnitsarefirstallocatedtotheContract,youmustselecttheLWAIncomeStreamthatwillapplytotheContract.Onceselected,theAnnuitant(s)fortheLWAIncomeStreamcannotbechanged. Once selected, you cannot change the LWA Income Streamexceptasmaybepermittedbyouradministrativepolicies ineffectatthattime.

(a) One-Life Income Stream

UndertheOne-LifeIncomeStream,theLWAwillbeavailableeachyear commencing on the LWA Commencement Date and endingontheearlierof (a)thedeathoftheAnnuitant(subjecttoSection13.20);and(b)thedateonwhichtheContractisterminated.

If the One-Life Income Stream is selected for a Joint AnnuitantContract, you must designate which joint Annuitant will be usedfor determining the entitlements under the Guaranteed LifetimeWithdrawalBenefit.OnthedeathofsuchAnnuitant,theLWABaseand 5% Bonus Base will be recalculated to an amount equal tothe Aggregate Unit Value of the Income Class Units allocated totheContractonsuchdateandtheLWAwillberecalculatedbasedon the age tier that applies to the surviving Annuitant on suchdateaccording toSection13.9of theContract.TheDeathBenefitDatewillnotoccuruntilthedeathofthesurvivingAnnuitant.TheContractMaturityDatewillcontinuetobecalculatedbyreferencetothelifeoftheyoungerjointAnnuitant.

(b) Two-Life Income Stream

UndertheTwo-LifeIncomeStream,theLWAwillbeavailableeachyear commencing on the LWA Commencement Date and endingontheearlierof (a) thedeathoftheAnnuitantortheSecondLife(which occurs later), and (b) the date on which the Contract isterminated. The Second Life must be the spouse or common-lawpartneroftheAnnuitant.

If the Two-Life Income Stream is selected for a Non-RegisteredContract, the Non-Registered Contract must be a Joint AnnuitantContractatthetimeoftheselectionwiththeSecondLife(whomustbethespouseorcommon-lawpartneroftheAnnuitant)namedasjointAnnuitant.

IftheTwo-LifeIncomeStreamisselectedforaRegisteredContract,the Second Life may continue the LWA payments following thedeathoftheAnnuitantprovidedcertainconditionsaresatisfied.SeeSection13.20oftheContractforadditionalinformation.

13.8 Tracking the Guaranteed Lifetime Withdrawal Benefit

OntheValuationDatethatIncomeClassUnitsarefirstallocatedtotheContract by reason of a Deposit or a reclassification of Units from adifferentClasstoIncomeClassUnits,wewillcalculatethefollowing:

(a) the LWA Base as an amount equal to the following (as applicable):

(i) theamountoftheDeposit;or

(ii) theAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractasaresultofthereclassification;

(b) the 5% Bonus Base as an amount equal to the LWA Base; and

(c) the LWA, if such first allocation occurs on or after the LWA Eligibility Date.

TheLWABase,5%BonusBaseandLWAaresubjecttoadjustmentsasdescribedinthisSection13.

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13.9 Calculating the Lifetime Withdrawal Amount (LWA)

On and after the LWA Eligibility Date, the LWA is calculated asa percentage (the “LWA Rate”) of the LWA Base on the LWACommencementDateasdescribedbelow.TheLWARatevariesbasedontheexpectedageoftheAnnuitantonDecember31stofthecalendaryearinwhichtheLWACommencementDateoccurs.WheretheTwo-LifeIncomeStreamapplies,theLWARateisbasedontheexpectedageoftheyoungeroftheAnnuitantandtheSecondLifeonsuchdate.

Age�TiersLWA�Rate�for�One-Life�

Income�StreamLWA�Rate�for�Two-Life�

Income�Stream

55to64* 4% 3.5%

65to69 5% 4.5%

70to74 5.25% 4.75%

75to79 5.5% 5%

80orolder 6% 5.5%

*IfyoumaketheAge55LWAElection,fordepositsbeforeJanuary1ofthe calendar year in which the Annuitant (or, if the Two-Life IncomeStreamhasbeenselected,theyoungeroftheAnnuitantandtheSecondLife)turns65yearsofage,youwillbeentitledtoGLWBResetsbutyouwillnotbeentitled toan increase in theLWARate ifaGLWBResetoccursatatimewhenahigheragetierwouldapply.

Commencing in the calendar year in which the LWA CommencementDate occurs and in each subsequent calendar year during the LWAIncome Stream, you may withdraw up to the LWA. The LWA will besubjecttoQuarterlyProrationontheLWACommencementDateforthefirst calendar year of the LWA Income Stream to the extent that youmadeaDepositor reclassification to IncomeClassUnits in thesamecalendar year as the LWA Commencement Date. If the full amountof the LWA is not withdrawn in any given year, the amount may bewithdrawn in a subsequent year as an LWA Deferral as described in

Section 13.12 of the Contract. In certain circumstances, you may bepermittedtowithdrawanamountinayearinadditiontotheLWAandLWA Deferrals if such additional withdrawal qualifies as payment ofthe LWA RRIF MAP as described in Section 13.20(c) of the Contract.WithdrawalsoftheLWA,LWADeferralsandtheLWARRIFMAPwillnot,bythemselves,reducetheGuaranteedLifetimeWithdrawalBenefit.

Each payment of the LWA, an LWA Deferral or the LWA RRIF MAPwillconstituteawithdrawalandwillresultinaRedemptionofIncomeClass Units having an Aggregate Unit Value equal to the amount ofthewithdrawal.

If all of the Income Class Units allocated to the Contract have beenRedeemed before the end of the LWA Income Stream, we will fundtheremainingLWApaymentsastheGuaranteedLifetimeWithdrawalBenefitand suchpaymentswill not be consideredwithdrawalsundertheContract.TheGuaranteedLifetimeWithdrawalBenefitwillbepaidonthesamepaymentscheduleinaccordancewithyourpreviousLWApaymentinstructionsor inaccordancewithouradministrativepoliciesatthetime.

WheretheTwo-LifeIncomeStreamapplies,thenuponthedeathoftheAnnuitantorSecondLife(whicheverisearlier),theLWAwillcontinuetobeavailableuntilthedeathofthesurvivoroftheAnnuitantandtheSecondLife.AnotherSecondLifecannotbenamed.

Ouradministrativepolicies,whichmaychangefromtimetotime,mayallowyoutotransferdepositsfromanothereligibleSunLifeindividualvariable annuity contract to this contract. In these situations, certainguaranteedvaluesmaybebroughtoverfromtheothercontract.Inthiscase,wemayestablish theLWABase,LWARateand the5%BonusBase in a different manner than is described in Sections 13.8, 13.9and13.11of this contract.Once theamountsare transferredand thenewcontractisestablished,GLWBResetswillfunctionasdescribedinSection13.13ofthiscontract.

13.10 LWA Base Additions

EachtimethatyoumakeasubsequentDeposittoIncomeClassUnitsorreclassifyInvestmentClassUnitsorEstateClassUnitstoIncomeClassUnits,wewilladdanamount(the “LWA Base Addition”)totheLWABaseandtothe5%BonusBase.TheamountoftheLWABaseAdditionwillbe(asapplicable):

(a) theamountoftheDeposit;or

(b) theAggregateUnitValueoftheadditionalIncomeClassUnitsallocatedtotheContractasaresultofthereclassification.

AnyGuaranteedBenefitspaidundertheContractarenotconsideredtobe,andwillnottrigger,anLWABaseAddition.

YoucanmakeanLWABaseAdditionatanytimeduringtheyear. If theLWABaseAdditionoccursonoraftertheLWAEligibilityDate,wewillimmediatelyrecalculatetheLWARate. TheLWARateapplicabletotheLWABaseAdditionwillbedeterminedbyreferencetotheagetierthatappliestotheAnnuitant(or,wheretheTwo-LifeIncomeStreamhasbeenselected,theyoungeroftheAnnuitantandtheSecondLife)onthedayoftheLWABaseAdditionassetoutinSection13.9oftheContract.IftheLWABaseAdditionismadeatatimewhentheagetieroftheAnnuitantorSecondLifediffersfromtheagetierthatappliedontheLWACommencementDateoraftertheLWARatewaspreviouslyrecalculatedforanLWABaseAddition,thiswillresultinanewblendedLWARatebeingappliedtotheLWABaseasdescribedintheformulabelow.

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13.11 Increases for 5% Bonuses

Wewilladdthe5%BonustotheLWABaseonDecember31ofeach5%BonusYear.

A5%BonusYearis:

(a) thecalendaryearinwhichIncomeClassUnitsarefirstallocatedtotheContract;and

(b) each of the fifteen calendar years immediately following thecalendaryearreferredtoinparagraph(a)above;

provided,ineachcase,thatnoIncomeClassUnitshavebeenRedeemed(other than to pay Contract-Level Fees) or reclassified to a differentClassofUnitsduringtherelevantcalendaryear.

The 5% Bonus is an amount equal to 5% of the 5% Bonus Base asof December 31 of a 5% Bonus Year. The 5% Bonus is subject toQuarterly Proration for the calendar year in which Income Class UnitsarefirstallocatedtotheContractandinrespectofanyportionofthe5%BonusBasethatwasanLWABaseAdditionduringthat5%BonusYear,calculatedon thedate suchfirst allocationor LWABaseAdditionwasmade.

When a 5% Bonus is added to the LWA Base after the LWACommencementDate,wewill recalculate the LWAas theproduct ofthe new LWA Base multiplied by the current LWA Rate. For greatercertainty,a5%Bonus,by itself,willnottriggerarecalculationoftheLWARateinthemannerdescribedinSection13.10above.

13.12 Payment Instructions

Youmayinstructus inwritingastothedateaftertheLWAEligibilityDateonwhichyouwishtheLWApaymentstobegin.YoumayinstructustopaytheLWAtoyoumonthly,quarterly,semi-annuallyorannually.

If you select a frequency greater than annually, we will divide theamountofeachLWApaymentbythenumberofpaymentstobemadeduringthecalendaryear.

Youmust instructus fromwhichFundsyouwishyourLWApaymentstobemadeandthedatesonwhichsuchpaymentsaretobemade.IftheLWACommencementDateoccurswithoutushavingreceivedfromyouthepaymentinstructionsdescribedabove,thenyouwillbedeemedtohaveselectedtodeferreceiptoftheLWApaymentsuntilwereceivefromyoutheinstructionsreferredtoabove.

IfyoudonotwithdrawallofyourLWAinaparticularyearaftertheLWACommencementDate,theamountthatyoudonotwithdraw(the“LWADeferral”)willbeavailableforyoutowithdrawinanysubsequentyearinadditiontotheLWAforthatsubsequentyear.WithdrawalofanLWADeferralwillnotconstituteanExcessWithdrawal.Notwithstandingtheforegoing:

(a) anLWADeferralisnotconsideredtohaveoccurredina5%BonusYear (LWA Deferrals from prior years will not be affected by anintervening5%BonusYear);

(b) innocasecantheLWAforayear,togetherwithallavailableLWADeferrals,exceed15%oftheLWABase;and

(c) LWADeferralsarenotpermittedaftertheContractMaturityDateorduringtheGuaranteedPaymentPhase.

LWA Deferrals are reset to zero each time the LWA is reset inaccordancewithSection13.13oftheContract.LWADeferralsterminateontheDeathBenefitDateandarenotaddedtotheDeathBenefit.

EachreclassificationofIncomeClassUnitstoUnitsofadifferentClassafter theLWACommencementDatewill becounted towardpaymentoftheLWAinthatyearand,ifnecessary,towardpaymentofanLWADeferral.ThiswillreducetheamountofLWA(and,ifapplicable,LWADeferral)remainingavailableforwithdrawalincashduringthatyear.

NewBlendedLWARate =

LWABasebeforeLWABaseAddition

x LWARateimmediatelypriortotheLWABaseAddition +

LWABaseAddition

x LWARatedeterminedbyagetieronthedateoftheLWABaseAddition

LWABaseafterLWABaseAddition

LWABaseafterLWABaseAddition

IftheLWABaseAdditionoccursonoraftertheLWAEligibilityDate,wealsowillrecalculatetheLWAforsubsequentyearsastheproductoftheLWABasemultipliedbythenewblendedLWARate.

WhenyouhavemadeanLWAAdditiononoraftertheLWAEligibilityDate,wewillincreasetheamountoftheLWAavailablefortheremainderoftheyear,subjecttoQuarterlyProration,accordingtothefollowingformula:

LWAavailableforremainderoftheyear = RemainingavailableLWApriorto

theLWABaseAddition + (RecalculatedLWAafterLWABaseAddition,lessLWApriortoLWABaseAddition) x QuarterlyProration

TheLWARateandLWAwillberecalculatedasdescribedaboveaftereveryLWAAdditiononoraftertheLWAEligibilityDate.

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13.14 Early Withdrawals

Each Redemption (other than to pay Contract-Level Fees) orreclassificationof IncomeClassUnits before the LWAEligibilityDatewillconstituteanEarlyWithdrawalandwillreducetheLWABaseandthe5%BonusBaseproportionatelyusingthefollowingformulae:

NewLWABase =

LWABaseimmediatelypriortotheEarly

Withdrawalx (AUV–EWD)

AUV

New5%BonusBase =

5%BonusBaseimmediatelypriortothe

EarlyWithdrawalx (AUV–EWD)

AUV

Where:

“AUV” AggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractimmediatelypriortotheEarlyWithdrawal

“EWD”Aggregate Unit Value of the Income Class Units Redeemedorreclassified

13.15 Excess Withdrawals

EachtimeanExcessWithdrawaloccurs,theLWAwillbereducedtonilforthecurrentcalendaryearandwewillrecalculatetheLWABaseandthe5%BonusBaseaccordingtothefollowingformulae:

NewLWABase =

LWABaseimmediatelypriortotheExcess

Withdrawalx (AUV–ExWD)

AUV

New5%BonusBase =

5%BonusBaseimmediatelypriortothe

ExcessWithdrawalx (AUV–ExWD)

AUV

Where:

“AUV” AggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractimmediatelypriortotheExcessWithdrawal

“ExWD” ExcessWithdrawal

WewillrecalculatetheLWAforsubsequentyearsastheproductofthenewLWABasemultipliedbythecurrentLWARate.IfthereisaGLWBResetorLWABaseAdditionaftertheExcessWithdrawal,theLWAmaychangeasdescribedinSections13.10and13.13oftheContract.

13.13 GLWB Resets

OneverythirdContractAnniversaryDateafterallothertransactionsundertheContractonthatdateareeffected,wewillcomparetheAggregateUnitValueoftheIncomeClassUnitsthenallocatedtotheContracttotheLWABase,subjecttoourthencurrentadministrativepolicies,chargesandfees,andsubjecttoanyapplicablelegislativeorregulatoryrequirements.IftheAggregateUnitValueoftheIncomeClassUnitsthenallocatedtotheContractisequaltoorgreaterthantheLWABase:

(a) wewillincreasetheLWABaseandthe5%BonusBasetosuchAggregateUnitValue;

(b) wewillrecalculatetheLWAforsubsequentyearsbymultiplyingthenewLWABasebytheLWARatedeterminedbyreferencetotheagetierthatappliestotheAnnuitant(or,wheretheTwo-LifeIncomeStreamhasbeenselected,theyoungeroftheAnnuitantandtheSecondLife)onthedayoftheGLWBResetassetoutinSection13.9oftheContract.However,ifyoumaketheAge55LWAElection,theLWARatewillnotberecalculatedfortheproportionoftheLWABasearisingfromthedepositsmadebeforeJanuary1ofthecalendaryearinwhichtheAnnuitant(or,iftheTwo-LifeIncomeStreamhasbeenselected,theyoungeroftheAnnuitantandtheSecondLife)turns65yearsofage;and

(c) wewillincreasetheamountoftheLWAthatyouareentitledtoreceivefortheremainderoftheyearinwhichtheGLWBResetoccurs,subjecttoQuarterlyProration,accordingtothefollowingformula:

LWAavailableforremainderoftheyear = RemainingavailableLWApriorto

theGLWBReset + (RecalculatedLWAforsubsequentyears,lessLWApriortoGLWBReset) x QuarterlyProration

WewillcontinuetomaketheGLWBResetsdescribedaboveuntiltheGuaranteedPaymentPhasecommences.

Wereservetherighttodiscontinue,modifyorsuspendalloranypartoftheGLWBResetsatanytimebygivingyouwrittennoticeofourintentiontodosoatleast60daysinadvance.

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13.16 Restrictions during the Guaranteed Payment Phase

ThefollowingrestrictionsapplyduringtheGuaranteedPaymentPhase:

(a) no Deposits may be made to Income Class during the GuaranteedPaymentPhase;and

(b) LWA Deferrals in existence immediately prior to the GuaranteedPayment Phase may be withdrawn during the Guaranteed PaymentPhase, but no new LWA Deferrals will be permitted during theGuaranteedPaymentPhase.

13.17 LWA Base Fees

IfyouinvestinIncomeClassUnits,youwillbechargedanLWABaseFeefortheGuaranteedLifetimeWithdrawalBenefitthatiscalculatedasanannualpercentageoftheLWABaseandisinadditiontotheInsuranceFee that will be charged to you. See Section I-7.6 of the InformationFolderfortheannualpercentagesoftheLWABaseFeesfortheFunds.

The LWA Base Fee is calculated and paid on the last day of eachcalendarquarterbyRedeeminganappropriatenumberof IncomeClassUnitsallocatedtotheContract.TheLWABaseFeewillnotbeproratedfor periods shorter than a complete calendar quarter. Where, on thedatethattheLWABaseFeeisbeingcalculated, IncomeClassUnitsofmorethanoneFundareallocatedtotheContract,theLWABaseFeeiscalculatedseparatelyforeachFundbasedonaproportionateamountoftheLWABasedeterminedaccordingtothefollowingformula:

ProportionateamountofLWABaseforIncomeClassUnitsofa

specificFund

= LWABase x

AggregateUnitValueofIncome


theContract


IncomeClassUnitsallocatedtothe

Contract

The LWA Base Fee rate for that Fund is then applied against itsproportionateamountoftheLWABase.

SunLifereservestherighttochange,fromtimetotime,theLWABaseFeeapplicabletoIncomeClassUnitsofanyFundorFunds.Wewillgiveyounot less than60days’noticeofour intention to increasetheLWABase Fee relating to Income Class Units allocated to the Contract. Forgreatercertainty,anincreasetotheLWABaseFeedoesnotrequirethatyoubeprovidedwiththeoptionsdescribedinSection4oftheContract.

13.18 Timing of Adjustments to the Guaranteed Lifetime Withdrawal Benefit

Deposits, withdrawals, reclassifications and other transactions mayincreaseordecreasetheLWABaseandthe5%BonusBase,resultinginpotentialincreasesordecreasestotheLWAandtheGuaranteedLifetimeWithdrawalBenefit.

These changes take effect either immediately or at the end of thecalendaryear,asdescribedbelow:

Transaction/Event Impact�to�LWA,�LWA�Base�and�5%�Bonus�Base

InitialDeposit Immediately

SubsequentDeposits Immediately

Reclassification(fromInvestmentClassUnitsorEstateClassUnitstoIncomeClassUnits) Immediately

EarlyWithdrawal(doesnotapplytoLWA) Immediately

ExcessWithdrawal Immediately

DepositsubsequenttoanExcessWithdrawal Immediately

5%Bonus(additiontotheLWABase)December31st

(noimpactto5%BonusBase)

GLWBReset(everythirdContractAnniversaryDate) Immediately

13.19 LWA Protection Service

We provide a service whereby we will not process a request fromyouto:

(a) makeawithdrawalorreclassificationfromIncomeClassUnitspriortotheLWACommencementDate;or

(b) make a withdrawal or reclassification from Income Class Unitsthat would constitute an Excess Withdrawal after the LWACommencementDate,

untilwearenotifiedbyyouoryourDistributortoproceed.Thisserviceisautomaticallyapplied to IncomeClass.Youmayelect todiscontinuethisserviceatany time inaccordancewithouradministrativepolicies.Contact your Distributor for information concerning the exact date onwhichthisservicewillcommence.

13.20 Guaranteed Lifetime Withdrawal Benefit Exceptions for Annuitants and Registered Contracts

(a) RRSPs

AnRRSPcanhaveonlyoneOwnerandAnnuitant,whomustbethesameperson.IfIncomeClassUnitsareallocatedtotheRRSP,theGuaranteedLifetimeWithdrawalBenefitwillendandtheDeathBenefitwillbecomepayableontheDeathBenefitDate,regardlessofwhethertheOne-LifeIncomeStreamorTwo-LifeIncomeStreamwasselected.

Subjecttoouradministrativepoliciesandanyapplicablelegislationin effect at the time, if the spouse or common-law partner of theAnnuitantisthesolebeneficiaryoftheClassDeathBenefitrelatingtoIncomeClassUnitsundertheContract,SunLifewillpermitsuchspouse or common-law partner to waive payment at that time oftheClassDeathBenefit relating to IncomeClassUnitsand insteadtransfertheAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractonsuchdatetoanRRSPofsuchspouseorcommon-law partner. If the Two-Life Income Stream was selected for the

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originalContract,theGuaranteedLifetimeWithdrawalBenefitintheRRSPofthespouseorcommon-lawpartnerwillbethesameastheGuaranteedLifetimeWithdrawalBenefitintheoriginalContract.IftheSecondLifeisnotthesolebeneficiaryoftheClassDeathBenefitrelatingtoIncomeClassUnitsontheDeathBenefitDate,thentheContract, including the Guaranteed Lifetime Withdrawal Benefit,willendontheDeathBenefitDateandtheDeathBenefitrelatingto all Classes will be paid, notwithstanding that the Two-LifeIncomeStreamhadbeenselected. If theOne-Life IncomeStreamwasselected for theoriginalContract, theRRSPof thespouseorcommon-lawpartnerwillincludeaGuaranteedLifetimeWithdrawalBenefitbuttheLWABaseand5%BonusBasewillberecalculatedonthedateofsuchdepositbasedontheAggregateUnitValueofthe Income Class Units allocated to the spouse’s or common-lawpartner’sRRSPandtheLWAwillberecalculatedbasedontheagetierthatappliestothespouseorcommon-lawpartneronsuchdateaccording toSection13.9of theContract.Regardlessof theLWAIncome Stream that was selected for the original Contract, theMaturityBenefitintheRRSPofthespouseorcommon-lawpartnerwill be the same as the Maturity Benefit in the original ContractexceptthattheDeathBenefitDateandtheContractMaturityDatewillbedeterminedbyreferencetothelifeofthespouseorcommon-lawpartner.

(b) RRIFs

ARRIFcanhaveonlyoneOwnerandAnnuitant,whomustbethesameperson. If (i) IncomeClassUnitsareallocated toaRRIF, (ii)theTwo-LifeIncomeStreamhasbeenselected,and(iii)theSecondLife is the sole beneficiary of the Contract on the death of theAnnuitant, then the Second Life will be deemed to have electedundertheIncomeTaxActtocontinuetheContractonthedeathofthe Annuitant. In such case, the Guaranteed Lifetime WithdrawalBenefitwillcontinue,theSecondLifewillbecometheAnnuitantforpurposesof determining theDeathBenefitDateand theContractMaturityDateand theDeathBenefitwill notbecomepayable foranyClassofUnitsuntilthedeathoftheSecondLife.IftheSecondLifeisyoungerthantheAnnuitant,theContractMaturityDatewillextendbasedontheageoftheSecondLife.IftheSecondLifeisnotthesolebeneficiaryoftheContractonthedeathoftheAnnuitant,then the Contract, including the Guaranteed Lifetime WithdrawalBenefit,willendonthedeathoftheAnnuitantandtheDeathBenefitrelated toallClasseswillbepaid,notwithstanding that theTwo-LifeIncomeStreamhadbeenselected.

(c) LWA RRIF MAP

IftheContractisaRRIF,LIF,LRIF,PRIForRLIFand,inanyyearinor following theLWACommencementDate,paymentof theLWAwould be less than the MAP for that year, you may withdraw anadditionalamountthatyearfromIncomeClassUnitsthat,togetherwiththeLWApayments,aggregatesnotmorethantheLWARRIFMAP.SuchadditionalwithdrawalswillnotbetreatedasanExcessWithdrawal. The “LWA RRIF MAP” is the amount determinedaccordingtothefollowingformula:

LWARRIFMAP =MAPineffect

forthatcalendaryear

x


IncomeClassUnitsallocatedtotheContracton

January1ofthatcalendaryear

AggregateUnitvalueofallUnits

allocatedtotheContracton

January1ofthatcalendaryear

(d) LIF/LRIF/RLIF Maximum

If the Contract is a LIF, LRIF or RLIF and in any year payment ofthe LWA would exceed the maximum payment amount permittedaccording to the formula specified by applicable legislation, theLWA payment for that year will be reduced to aggregate suchmaximumpermittedpaymentamount.ThereductionwillbetreatedasanLWADeferral.

(e) TFSA

ATFSAcanhaveonlyoneOwnerandAnnuitant,whomustbethesameperson.If(i)IncomeClassUnitsareallocatedtoaTFSA,(ii)theTwo-LifeIncomeStreamhasbeenselected,and(iii)theSecondLifeisthesolebeneficiaryoftheContractonthedeathoftheAnnuitant,then the Second Life will be deemed to have elected under theIncomeTaxActtobecomethesuccessorplanholderoftheContractonthedeathoftheAnnuitant.Insuchcase,theGuaranteedLifetimeWithdrawalBenefitwillcontinue,theSecondLifewillbecometheAnnuitantforpurposesofdeterminingtheDeathBenefitDateandtheContractMaturityDateandtheDeathBenefitwillnotbecomepayableforanyClassofUnitsuntilthedeathoftheSecondLife.IftheSecondLifeisyoungerthantheAnnuitant,theContractMaturityDatewillextendbasedontheageoftheSecondLife.IftheSecondLifeisnotthesolebeneficiaryoftheContractonthedeathoftheAnnuitant, then the Contract, including the Guaranteed LifetimeWithdrawalBenefit,willendonthedeathoftheAnnuitantandtheDeathBenefit related toallClasseswill bepaid,notwithstandingthattheTwo-LifeIncomeStreamhadbeenselected.

SECTION 14CHANGING GUARANTEED BENEFITS14.1 Reclassifying Units between Classes

You may change Guaranteed Benefits by reclassifying Units of oneClassofaFundtoUnitsofadifferentClassoftheFundasdescribedinthisSection14.OnlyonceduringanytwelvemonthperiodbeforetheContract Maturity Date, you may reclassify all or a part of the Unitsallocatedto theContract toadifferentClassorClassesofUnits.Anyadditionalrequestsforreclassificationinthesametwelvemonthperiodaresubjecttoouradministrativepolicies.ReclassificationsaresubjecttothesameagerestrictionsthatapplytoDeposits.SeeSection2.1ofthe Contract for additional information. Reclassifying Units between

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Classes will change the Guaranteed Benefits associated with thoseUnits and, in some cases, may result in a reduction of GuaranteedBenefits.ThisisdescribedinSection13oftheContract.

Whenareclassificationismade:

(a) the Aggregate Unit Value of the Class of Units from which thereclassification is occurring will be reduced by the amount of thereclassification (including any Redemption Fee or change fee thatischarged);

(b) the Aggregate Unit Value of the Class of Units to which thereclassification is occurring will be increased by the amountof the reclassification (less any change fee describedbelow and less any Redemption Fees that may be chargedif Units acquired under the Deferred Sales Charge optionwere reclassified to Units not then available under the DeferredSalesChargeoption);

(c) theGuaranteedBenefitsassociatedwiththeClassfromwhichUnitsare reclassifiedwill be reducedasdescribed inSection13of theContract;and

(d) theGuaranteedBenefitsassociatedwiththeClasstowhichUnitsare reclassified will be increased as described in Section 13 oftheContract.

If we receive a reclassification request in writing and good orderat or prior to 4:00 p.m. (Eastern Time) on a Valuation Date, thenthe reclassification will be effected using the Unit Values andGuaranteed Benefits in effect on such date. If we receive areclassification request in writing and good order after that time,then the reclassification will be effected using the Unit Values andGuaranteedBenefits in effect on thenextValuationDate. Incompleteinformationwillresultinouracceptanceofthereclassificationrequestbeingeitherrejectedorpostponed.

YoumayberequiredtopayachangefeeasnegotiatedbetweenyouandyourDistributorofupto2%oftheamountreclassifiedfromInvestmentClassUnitsorEstateClassUnits,whichmaybechargedtoyoubyyourDistributor.ChangefeesmaynotbechargedforareclassificationfromIncomeClassUnits.Anychangefeewillbedeemedtobeawithdrawalandwill bepaidbyRedeemingUnitswhichwill result in a reductionin your Guaranteed Benefits. If the Units Redeemed for this purposearesubjecttoaRedemptionFee,wewillRedeemtheUnitswhicharesubjecttothesmallestRedemptionFee.

SECTION 15PRIVATE INVESTMENT MANAGEMENT (PIM)15.1 Eligibility for PIM

You may instruct us to allocate a Deposit to PIM Units of a Fund ifimmediatelyfollowingtheDeposit(a)theaggregateofallDepositstoallPIMUnitsallocatedto theContract isnot less than$100,000,and(b)youhavemadeDepositsaggregatingnotlessthan$100,000toPIMUnitsofthatFund.

Wealsoreservetherighttoincreasetheminimumrequiredamounttoparticipate in thePIMprogramat any timeupongiving60daysprior

written notice to your Distributor. If the value of your investmentsin the PIM program is less than the minimum amount we determine(currently$100,000perfund),yourparticipationinthePIMprogrammaybeterminatedandwemayrequireyoutoswitchyourPIMUnitstoanequivalentfundinnon-PIMUnits(whicheverismostcomparable)inthesameClass.However,beforedoingso,youwillbenotifiedandgiven30 days to invest the amount necessary to increase the size of yourinvestment to an amount equal to or greater than the new minimumrequiredinvestmentsize.

15.2 Guaranteed Benefits

TheGuaranteedBenefitsassociatedwithPIMInvestmentClassUnits,PIMEstateClassUnitsandPIMIncomeClassUnitsarecalculatedinthesame manner as the Guaranteed Benefits for Investment Class Units,EstateClassUnitsandIncomeClassUnits,respectively.

15.3 Insurance Fees, PIM Management Fees and LWA Base Fees

(a) Insurance Fees

InsuranceFeesarechargedtoyouinrespectofallClassesofPIMUnits.

The Insurance Fee for PIM Investment Class is an annual percentageof Aggregate Unit Value of the PIM Investment Class Units allocatedto the Contract. It is calculated and accrued daily and paid quarterly.Where,onanyday,PIMInvestmentClassUnitsofmorethanoneFundareallocatedtotheContract,theInsuranceFeeiscalculatedseparatelyforeachFundbasedontheAggregateUnitValueofthePIMInvestmentClassUnitsofsuchFundallocatedtotheContract.

TheInsuranceFeeforPIMEstateClassiscalculatedintwoparts.Thefirst part is calculated in the same manner as the Insurance Fee forPIM Investment Class Units as described above. The second part iscalculatedasanannualpercentageoftheDeathBenefitBaseforPIMEstateClassundertheContractandiscalculatedandpaidinthesamemannerastheInsuranceFeechargedasaContract-LevelFeeforEstateClassUnitsthatarenotPIMEstateClassUnits.

The Insurance Fee for PIM Income Class is an annual percentage ofthe LWA Base. It is calculated and paid in the same manner as theInsuranceFeeforIncomeClassUnitsthatarenotPIMUnits.

SeeSectionI-7.6oftheInformationFolderfortheannualpercentagesof the Insurance Fee for each Class of PIM Units of each Fund. SeeSection10.1oftheContractforadditionalinformationconcerninghowtheInsuranceFeesarecalculatedandcharged.

Insurance Fees charged for PIM Units are paid by Redeeming anappropriate number of PIM Units from the relevant Classes allocatedtotheContract.

(b) PIM Management Fees

AportionofthePIMManagementFeeisembeddedandcalculatedasanannualpercentageofitsClassValue(otherthanSunWiseEssentialCIMoneyMarketSegregatedFund). It iscalculatedandaccrueddailyandpaiddailyormonthlyoutoftheassetsofthatClassoftheFund.TheremainderofthePIMManagementFeeischargedtoyou(ratherthantotheFund)onaquarterlybasisandiscalculatedasanannualpercentage

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of the Aggregate Unit Value of PIM Units of that Fund allocated totheContract.ThepercentageofthePIMManagementFeechargedtoyouquarterlyvariesbetweenFundsand is reducedfor thatportionoftheDeposits inaFundthatexceedcertain thresholds,assummarizedin Section I-7.6 of the Information Folder. We will collect the PIMManagementFeechargedtoyouquarterlydirectlybyRedeemingyourPIM Units in each applicable Class on a proportional basis. We mayincreasethePIMManagementFeeatanytimeon60daysnoticetoyou,inwhichcasetheFundamentalChangeprovisionssetoutinSection4oftheContractwillapplytosuchchange.

(c) LWA Base Fee

If you invest inPIM IncomeClassUnits, youwillbechargedanLWABase Fee for the Guaranteed Lifetime Withdrawal Benefit that iscalculatedasanannualpercentageoftheLWABaseandisinadditionto the InsuranceFeethatwillbechargedtoyou.SeeSection I-7.6oftheInformationFolderfortheannualpercentagesoftheLWABaseFeesfortheFunds.

TheLWABaseFeeforPIMIncomeClassUnits iscalculatedandpaidinthesamemannerastheLWABaseFeeforIncomeClassUnitsthatarenotPIMUnits.

SunLifereservestherighttochange,fromtimetotime,theLWABaseFeeapplicabletoPIMIncomeClassofanyFundorFunds.Wewillgiveyounotlessthan60days’noticeofourintentiontoincreasetheLWABaseFeerelatingtoPIMIncomeClassUnitsallocatedtotheContract.For greater certainty, an increase to the LWA Base Fee does notrequirethatyoubeprovidedwiththeoptionsdescribedinSection4oftheContract.

15.4 PIM Investment Advisory Fee

Wecollectan investmentadvisory feeonyourDistributor’sbehalfbyredeeming(withoutcharges)asufficientnumberofPIMunitsfromyouraccount prior to each calendar quarter end. The investment advisoryfeemaybenegotiatedbetweenyouandyourDistributorandmaynotexceed1.25%annually.Thedefaultinvestmentadvisoryfeewillapplyunless we receive instructions to the contrary. Written instructionsauthorizedbyyouandyourDistributormustbereceivedbyusinordertochangetheinvestmentadvisoryfee.SeeSectionI-5oftheInformationFolderforthedefaultinvestmentadvisoryfeerates.

SECTION 16BENEFICIARIES16.1 General information

TheContractallowsyou todecidewhowill receive the value,oranyportion of that value, of the Contract upon the Annuitant’s death or,in the case of Joint Annuitant Contracts, on the death of the lastsurvivingAnnuitant.

16.2 Beneficiaries

UpontheAnnuitant’sdeathor,inthecaseofJointAnnuitantContracts,onthedeathofthelastsurvivingAnnuitant,wewillpaytheproceedsof the Contract to any surviving primary beneficiary or beneficiariesaccordingtotherulessummarizedbelowunlessacontraryintentionisstatedinthebeneficiarydesignationineffectatthetimeofthatdeath.

If thebeneficiary(ies) predeceases theAnnuitant or, if applicable, thelast surviving Annuitant in the case of a Joint Annuitant Contract, acontingent beneficiary for that beneficiary’s share, if still alive at thedeath of the Annuitant, shall receive that beneficiary’s share of theDeathBenefit. If no contingentbeneficiary for that share isnamedoraliveat that time, thatshareshallbepayable to theOwneror, if theOwnerwastheAnnuitant,totheestateofthedeceasedOwner.

Ifyouhavenamedmorethanoneprimarybeneficiary,youmayspecifyhow the proceeds are to be divided. If you have not indicated this,we will assume the proceeds should be divided equally among theprimary beneficiaries. The same assumption will apply for contingentbeneficiariesforanyshareoftheproceeds.

You may change the beneficiary or beneficiaries at any time, aspermittedbyanylawsthatapplytotheContract,byfilingadesignationwith us. The changes will be effective the date that you signed yourdesignation. However, we will only be responsible for acting uponwritten information that has reached us by the date we make anypaymentsortakeanyaction.Wearenotresponsibleforconfirmingtheaccuracyorvalidityofanyinformationthatyouprovidetous.

If the beneficiary designation is irrevocable, you may not change itwithoutthebeneficiary’swrittenconsent.Pleasenotethat inQuébec,a legal spouse beneficiary is irrevocable unless you specify that itbe revocable. Certain other rights and options, such as withdrawals,assignments, or transfer of ownership, can be exercised only withthewrittenconsentof the irrevocablebeneficiary. If theContract isaLocked-inRSP,LIRA,RLSP,LIF, LRIForRLIF, yourspouseor common-lawpartnermayhavecertainrightsatthetimeofyourdeaththattakeprecedenceovertherightsofanybeneficiary.

Ifthebeneficiaryhasnotreachedtheageofmajority,wewillpaytheproceedsoftheContractaccordingtoapplicablelaw.

SECTION 17THE SEGREGATED FUNDS

Wereservetherighttodiscontinue,tomerge,ortopartitionanyoftheFundsavailablethroughtheContractatanytimewithoutrequiringyourapproval. You will have the option to send us written instructions toeitherRedeemtheUnitsallocatedtotheContractintheaffectedFundorFundsfortheirAggregateUnitValueontheapplicableValuationDate,ortransfertheAggregateUnitValueoftheaffectedUnitsallocatedtotheContracttootherUnits inanyotherFundorFundsorreclassifytoanotherClass.Intheeventofamerger,orifweareunabletoofferyouasimilarFundorFundstowhichyoumaytransfertheAggregateUnitValueofUnitsallocatedtotheContract,noRedemptionFeeswillapply.TheapplicableValuationDatewillcoincidewithorimmediatelyfollowthedatewereceiveyourwritteninstructions.IfyoudecidetotransferthevalueoftheUnitsofanaffectedFundtoanyotherFundorFundsthevalueoftheUnitswillremainthesame.SeeSections1.1and14.1oftheContractformoreinformationontheapplicableValuationDateofaFund.Wewillgiveyou60dayswrittennoticeofourintenttodiscontinue,tomerge,ortopartitionanyoftheFundsandcorrespondingactionthatwewillbetakingifwehavenotreceivedyourwritteninstructions.

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SECTION 18ENDORSEMENTS RETIREMENT SAVINGS PLAN ENDORSEMENT

Ifa“Request forRegistration”asaRetirementSavingsPlanhasbeencompleted,andinorderthatthispolicymayberegisteredasaretirementsavings plan under the Income Tax Act (Canada) (the “ITA”) and anyapplicablepensionlegislation,orifaLIRA,Locked-inRRSPorRLSPhasbeenappliedforintheapplication,thispolicyismodifiedasfollows:

1. Inthisendorsement,“annuitant”isasdefinedinsubsection146(1)oftheITA.

2. Thechoiceofsettlementwhiletheannuitantislivingislimitedto:

(a) withdrawaloftheTotalContractValue,inwholeorinpart,and

(b) acommutableornon-commutableannuityofa typepermittedunder section 146 of the ITA and in any applicable pensionlegislation.

3. If the annuitant dies before settlement of the proceeds under anannuity,anyamountdueondeathwillbepaidinonesum.

4. The annuity payments due while the annuitant is living, and anydue thereafter to the spouse or common-law partner while thespouse or common-law partner is living, allowing for any partialcommutation, must be payable in equal annual or more frequentperiodicpaymentsorinaformacceptableundersubsection146(3)of the ITA. In no event, however, may the total of such periodicpaymentsinayearafterthedeathoftheannuitantexceedthetotalofperiodicpaymentsinayearbeforethatdeath.

5. Iftheannuitantdieswhileinreceiptofannuitypayments,andthebeneficiary is other than the spouse or common-law partner, anyremainingannuitypaymentswillbecommutedinaccordancewithSunLife’srulesatthetimeofcommutationandpaidinonesum.

6. Neitherthepolicynortheannuitypaymentsmaybeassignedeitherinwholeorinpart.

7. The plan, at any time, may be revised or amended to providepayment or transfer to another issuer, on behalf of the annuitantundertheplan,ofanyfundsthereunderasdescribedinsubsection146(16)oftheITA.

8. If the annuitant or annuitant’s spouse or common-law partnerprovidesawrittenrequest,anddeliversthepolicyforendorsementandadjustmentof thepolicyvalues inaccordancewithSunLife’srules,SunLifewillpaytotheannuitantortheannuitant’sspouseorcommon-lawpartneranamountcreditedtounitsofaFundorFundswhere theamount is paid to reduce theamountof taxotherwisepayablebytheannuitantortheannuitant’sspouseorcommon-lawpartnerunderPartX.1oftheITA.

9. No advantage that is conditional in any way on the existence ofthepolicy shall beextended to theannuitant or to a personwithwhomtheannuitantwasnotdealingatarm’slengthotherthaninaccordancewithparagraph146(2)(c.4)oftheITA.

10. Thisendorsementoverridesanyprovisionofthepolicyinconsistentwithit.

11. If the policy is registered as a Group RSP, the annuitant hasauthorized the employer or organization to act as the annuitant’sagentforthepurposeofdeductingfromtheirearningsandremittingcontributions to Sun Life and to assist in the administrationof the Plan as their agent and, where applicable, as agent oftheir spouse or common-law partner and to include suchcontributions in computing the amount of withholding taxrequired under applicable legislation. Sun Life has ultimateresponsibilityfortheadministrationofeachplan.

RETIREMENT INCOME FUND ENDORSEMENT

If (i) a “Request for Registration” as a Retirement Income Fund hasbeencompleted,or (ii) a LIF, LRIForRLIFhasbeenapplied for in theapplication,or(iii)onthelatestdatepermittedbythe Income Tax Act(Canada) (the“ITA”) formaturityofanRSP, thispolicy,by its terms,automaticallyconverts toaRIF, then, inorder that thispolicymayberegisteredasaretirementincomefundundertheITAandanyapplicablepensionlegislation,thispolicyismodifiedasfollows:

1. Inthisendorsement“annuitant”isasdefinedinsubsection146.3(1)oftheITA.

2. SunLifemayacceptasapremiumunderthepolicyonlyfundsfrom:

(a) aregisteredretirementsavingsplanunderwhichtheannuitantofthispolicyistheannuitant;

(b) another registered retirement income fund the annuitant ofwhichistheannuitantofthispolicy;

(c) theannuitantofthispolicytotheextentonlythattheamountofthepremiumwasanamountdescribedinsubparagraph60(1)(v)oftheITA;

(d) aregisteredretirement incomefundoraregisteredretirementsavingsplanoftheannuitant’sspouseorcommon-lawpartneror former spouse or former common-law partner pursuant toa decree, order or judgement of a competent tribunal or awrittenseparationagreement,relatingtoadivisionofpropertybetweentheannuitantandtheannuitant’sspouseorcommon-lawpartnerorformerspouseorformercommon-lawpartnerinsettlementofrightsarisingoutof,oronthebreakdownof,theirmarriageorcommon-lawpartnership;

(e) a registeredpensionplanofwhich theannuitant isamember(withinthemeaningassignedbysubsection147.1(1)oftheITA);

(f) a registered pension plan in accordance with subsection147.3(5)or(7)oftheITA;or

(g) aprovincialpensionplanincircumstancestowhichsubsection146(21)oftheITAapplies.

3. Sun Life will make only those payments under this policy thataredescribed inparagraphs146.3(2)(d)and146.3(2)(e)of the ITA,subsections146.3(14)oftheITA,andinthedefinitionof“retirementincomefund”insubsection146.3(1)oftheITA,andanyapplicableprovinciallegislation.


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4. Neitherthepolicynoranypaymentsmaybeassignedeitherinwholeorinpart.

5. If the death of the annuitant occurs before all payments havebecomedue,exceptwheretheannuitant’sspouseorcommon-lawpartnerbecomestheannuitant,paymentswillceasetobecomedueonthedateofdeath,andin lieuthereofthedeathbenefitwillbepaidinasinglelumpsum.

6. At the direction of the annuitant, we will transfer all or part ofthe Total Contract Value, subject to any Redemption Fees, otherthan an amount required to be retained in accordance with item7ofthisendorsement,togetherwithall informationnecessaryforthe continuance of the fund, to another carrier who has agreedto be the carrier of another registered retirement income fund oftheannuitant.

7. If the annuitant, at any time, directs that we transfer all or partof the Total Contract Value, subject to any Redemption Fees,to another carrier who has agreed to be the carrier of anotherregisteredretirementincomefundoftheannuitant,asdescribedinitem6ofthisendorsement,wewillretainanamountequaltothelesserof:

(a) suchportionof theTotalContractValue, if theTotalContractValuedoesnotdeclineafterthetransfer,aswouldbesufficienttoensurethattheminimumamountunderthepolicyfortheyearinwhichthetransferismadecanbepaidtotheannuitantintheyear;and

(b) theTotalContractValue.

8. Nobenefitor loanthat isconditional inanywayontheexistenceofthepolicyshallbeextendedtotheannuitantortoapersonwithwhomtheannuitantwasnotdealingatarm’slengthotherthaninaccordancewithparagraph146.3(2)(g)oftheITA.

9. Thisendorsementoverridesanyprovisionofthepolicyinconsistentwithit.

TAX-FREE SAVINGS ACCOUNT ENDORSEMENT

If an “Election for Tax-Free Savings Account” has been completed,asaconditionofentering into thispolicy, youandweagree thatwewillfilewith theMinisterofNationalRevenueanelection to registerthispolicyasatax-freesavingsaccount(a “TFSA”)undertheIncome Tax Act(Canada)(the“ITA”)andanyapplicableprovincialincometaxlegislation,andthispolicyismodifiedasfollows.

1. Inthisendorsement,youarethe“holder”asdefinedinsubsection146.2(1)oftheITA(the“planholder”).

2. The planholder shall be at least 18 years of age at the date thispolicyisenteredinto.

3. This policy is intended to be a “qualifying arrangement” for thepurposesofsubsection146.2(1)oftheITA.

4. Thearrangementshallbemaintainedfortheexclusivebenefitoftheplanholder,suchexclusivebenefitdeterminedwithoutregardtoanyrightofapersontoreceiveapaymentoutoforunderthispolicyonorafterthedeathoftheplanholder.Thisconditiondoesnotapplytotheextentitisinconsistentwithsection11ofthisendorsement.

5. While there is a planholder of the arrangement, anyone whois neither the planholder nor us shall have rights under thearrangementrelatingtotheamountandtimingofdistributionsandtheinvestingoffunds.Thisconditiondoesnotapplytotheextentitisinconsistentwithsection11ofthisendorsement.

6. No person other than the planholder shall make contributionshereunder.

7. Distributions(asdefinedinsubsection146.2(1)oftheITA)maybemadefromthisarrangementtoreducetheamountoftaxotherwisepayablebytheplanholderundersection207.02or207.03oftheITA.Thisconditiondoesnotapply to theextent it is inconsistentwithsection11ofthisendorsement.

8. Atthedirectionoftheplanholder,wewilltransferalloranypartofthepropertyheldinconnectionwiththearrangement,oranamountequaltoitsvalue,toanotherTFSAoftheplanholder.

9. ThearrangementshallcomplywithanyconditionsprescribedundertheITAforTFSAs.

10. Thisendorsementoverridesanyprovisionofthispolicyinconsistentwithit.

11. Theplanholdermayusehisorherinterestor,forcivillaw,rightintheTFSAassecurityforaloanorotherindebtednessif:

(a) the terms and conditions of the indebtedness are terms andconditionsthatpersonsdealingatarm’slengthwitheachotherwouldhaveenteredinto;and

(b) itcanreasonablybeconcludedthatnoneofthemainpurposesforthatuseistoenableaperson(otherthantheplanholder)orapartnershiptobenefitfromtheexemptionfromtaxundertheITAofanyamountinrespectoftheTFSA.

12. If this policy is registered as a Group TFSA, the planholder hasauthorizedtheemployerororganizationtoactastheplanholder’sagentforthepurposeofdeductingfromtheirearningsandremittingcontributionstoSunLifeandtoassistintheadministrationofthePlanastheiragentand,whereapplicable,asagentoftheirspouseor common-law partner and to include such contributions incomputingtheamountofwithholdingtaxrequiredunderapplicablelegislation.SunLifehasultimateresponsibilityfortheadministrationofeachplan.

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ThisSunWiseEssentialSeries IndividualVariableAnnuityContract isherebyexecutedbytwoauthorizedofficersofSunLifeAssuranceCompanyofCanada.

KevinP.Dougherty KariHoldsworthPresident,SunLifeFinancialCanada VicePresident,IndividualWealthManagementSunLifeAssuranceCompanyofCanada SunLifeAssuranceCompanyofCanada

InformationFolder

I-1

SECTION I-1GENERAL INFORMATIONI-1.1 Nature of Segregated Funds

TheFundshavebeenestablishedbySunLifetoprovidebenefitswhichwillvary inamountdependinguponthemarketvalueoftheassetsofeachoftheFunds.

TheassetsoftheFundsareownedbySunLifeandaresegregatedfromourotherassets.TheFunds,establishedundertheauthorityofSection451of the Insurance Companies Act, aremanagedbyusandarenota separate legal entity. The Funds are divided into Units, which areallocated to individual Contracts only for the purpose of determiningentitlementsunderthoseContracts.Youacquirenodirectclaimon,orpropertyinterestin,theassetsoftheFunds.YouhavenorighttodirecttheinvestmentofassetsinanyFund.YouhavenovotingrightsarisingfromtheContractortheallocationofUnitstotheContract.

ItisourintentiontoengageinthecontinuoussaleoftheContracts.

NOTE: THE TOTAL CONTRACT VALUE IS NOT GUARANTEED BECAUSE SUCH VALUE DEPENDS ON THE MARKET VALUE OF THE ASSETS OF EACH PARTICULAR FUND WHICH FLUCTUATES FROM VALUATION DATE TO VALUATION DATE.

I-1.2 Contract terms govern

To the extent of any inconsistencies between this Information Folderand the Contract, the terms of the Contract prevail. This InformationFolderisnotapolicy,aninsurancecontract(orothercontractwhethercollateralorotherwise)oradocumentrenderingacontract.Accordingly,it does not create or confer any contractual rights on the part of theOwneranditdoesnotcreateorconferanycontractualduty,obligationorliabilityonthepartofSunLifeoritsrepresentatives,includingCI(onitsownbehalforonbehalfofSunLife).

SECTION I-2ILLUSTRATIONS OF BENEFITSI-2.1 Class Contract Maturity Benefit

To illustrate how the Class Contract Maturity Benefit is calculated,assumethefollowing:

(a) a Deposit of $100,000 was allocated to a Class of the SunWiseEssential CI Signature Canadian Balanced Segregated Fund onJanuary1,2010anditwasthefirstDepositallocatedtothatClass;and

(b) therewerenosubsequenttransactions.

Accordingly:

(c) theContractMaturityBaseforthatClassis$100,000(theamountoftheDeposit);and

(d) theClassContractMaturityBenefitisthegreaterof:

(i) the Aggregate Unit Value of that Class of Units allocated to theContractontheContractMaturityDate;and

(ii) $75,000(75%oftheContractMaturityBaseforthatClass).

I-2.2 Class Death Benefit

To illustrate how the Class Death Benefit is calculated, assume thefollowing:

(a) a Deposit of $100,000 was allocated to a Class of the SunWiseEssential CI Signature Canadian Balanced Segregated Fund onJanuary1,2010anditwasthefirstDepositallocatedtothatClass;

(b) therewerenosubsequenttransactions;and

(c) the Aggregate Unit Value of the Units of that Class allocated totheContractonthedatewereceivenotificationofthedeathoftheAnnuitantwas$90,000.

Accordingly,onJanuary1,2010:

(a) theDeathBenefitBaseforthatClassis$100,000(theamountof theDeposit);

(b) if the Units are of Investment Class, the Class Death Benefit is$90,000,whichisthegreaterof:

(i) $90,000(theAggregateUnitValueoftheInvestmentClassUnitsallocatedtotheContractonthedatewereceivednotificationofthedeathoftheAnnuitant);and

(ii) $75,000(being75%oftheDeathBenefitBase);and

(c) if the Units are of Estate Class or Income Class, the Class DeathBenefitis$100,000,whichisthegreaterof:

(i) $90,000 (the Aggregate Unit Value of the Units of that ClassallocatedtotheContractonthedatewereceivednotificationofthedeathoftheAnnuitant);and

(ii) $100,000(being100%oftheDeathBenefitBase).

ToillustratehowtheDeathBenefitBaseautomaticallyresetsforEstateClassandIncomeClass,intheabovescenarioassumethatonthethirdContractAnniversaryDatetheAggregateUnitValueoftheUnitsofthatClassallocatedtotheContractwas$110,000.ThiswouldresultintheDeath Benefit Base for that Class being increased from $100,000 to$110,000onthatdate.IftheAggregateUnitValueoftheUnitsofthatClassallocatedtotheContractonthedatewereceivednotificationofthedeathoftheAnnuitantwas$90,000,theClassDeathBenefitwouldbe$110,000,beingthegreaterof:

(a) $90,000 (the Aggregate Unit Value of the Units of that ClassallocatedtotheContractonthedatewereceivednotificationofthedeathoftheAnnuitant);and

(b) $110,000(being100%oftheresetDeathBenefitBase).

InformationFolder

I-2.3 Guaranteed Lifetime Withdrawal Benefit (GLWB) – One-Life Income Stream

ThefollowingillustrationsdemonstratecommonscenariosrelatedtotheOne-LifeIncomeStreamundertheGuaranteedLifetimeWithdrawalBenefit.Theyinclude:

(a) paymentoftheLWAforthelifeoftheAnnuitant;

(b) a5%BonuspriortotheLWACommencementDate;

(c) bothautomaticGLWBResetsandnoautomaticGLWBResets;

(d) anLWABaseAdditionwithaGLWBReset;

(e) anLWABaseAdditionwithoutaGLWBReset;and

(f) continuationoftheContractfollowingthedeathoftheAnnuitant.

(a) Lifetime payment of the LWA

BelowaretwoexamplesofpaymentoftheLWAforthelifeoftheAnnuitant.

Thefirstexampleassumesthefollowing:

(i) theOwnermakesaDepositintoIncomeClassof$200,000atage65andselectstheOne-LifeIncomeStream;

(ii) theLWABaseand5%BonusBaseareestablishedat$200,000(theamountoftheDeposit)andtheLWAiscalculatedas$10,000annually(5%oftheLWABase);

(iii)theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnomore)eachyear;and

(iv) theOwnerexperiencesinvestmentperformanceonaverageof-2%peryear,afterfees.

Initial Deposit$200,0005% = $10,000/yr

Market Value $0LWA = $10,000/yr

Income for Life

65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91

LWA Base Lifetime Withdrawal Amount (LWA) Market Value

Age

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

DOWN MARKET SCENARIO

Asillustratedabove,theLWAremains$10,000peryearfortheremainderoftheAnnuitant’slifetime,eventhoughtheAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractisreducedtozeroafter17years.

Thesecondexampleassumesthesamefactsasthefirstexampleabove,excepttheinvestmentperformance.Intheexamplebelow,itisassumedthatinvestmentperformanceisvolatilebutaverages8.38%peryear,afterfees.

I-2

This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes negative investment performance, declining on average 2% per year after fees. The LWA Rate increases only if a GLWB Reset occurs when the Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the Annuitant turns age 64.

InformationFolder

I-3

Initial Deposit$200,0005% = $10,000/yr

Income for Life

65 66 67 68 69 70 71 72 73 74 75 76 77 78Age

79 80 81 82 83 84 85 86 87 88 89 90 91


$251,5205.25% = $13,205/yr

$309,1645.25% = $16,231/yr

$366,7456% = $22,005/yr$334,584

5.5% = $18,402/yr

$377,0646% = $22,624/yr

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

UP MARKET SCENARIO

This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes a volatile market, gaining on average 8.38% per year, after fees. The LWA Rate increases only if a GLWB Reset occurs when the Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the Annuitant turns age 64.

Asillustratedabove,theOwnerbenefitsfrommarketgrowthoftheIncomeClassUnitsallocatedtotheContractandbyautomaticGLWBResets.TheLWABaseinitiallyis$200,000,andiscomparedeverythreeyearstotheAggregateUnitValueoftheIncomeClassUnitsthenallocatedtotheContract.WhensuchAggregateUnitValueishigherthantheLWABase,theLWABaseand5%BonusBaseareincreasedtosuchAggregateUnitValue.TheLWAthenisrecalculatedbymultiplyingtheincreasedLWABasebytheLWARatebasedontheageoftheAnnuitantontheGLWBResetdate.(SeeSection13.9oftheContractforfurtherinformation.)

(b) 5% Bonus prior to the LWA Commencement Date

BelowisanillustrationofhowtheLWABase,5%BonusBaseand5%BonusarecalculatedpriortotheLWACommencementDate.Itisassumedthat:

(i) theOwnermakesaDepositintoIncomeClassof$100,000inJulywhentheAnnuitantisage55;

(ii) theLWABaseand5%BonusBaseareestablishedat$100,000(theamountoftheDeposit);and

(iii)theOwnermakesasubsequentDepositintoIncomeClassof$100,000inJulywhentheAnnuitantisage56.

Date Age LWA�Base 5%�Bonus�Base

Minimum�Class�Contract�Maturity�Benefit

Minimum�Class�Death�Benefit

July15,2010$100,000DepositedintoIncomeClassUnits

55 $100,000 $100,000 $75,000

($100,000*75%)

$100,000

($100,000*100%)

December31,20105%Bonus,proratedforJuly-December2010($100,000*5%*2/4=$2,500)

55 $102,500

($100,000+$2,500)

$100,000

(unchanged)

$75,000

(unchanged)

$100,000

(unchanged)

July19,2011LWABaseAdditionof$100,000

56 $202,500

($102,500+$100,000)

$200,000

($100,000+$100,000)

$150,000

($75,000+$100,000*75%)

$200,000

($100,000+$100,000*100%)

December31,20115%Bonus($100,000*5%)+($100,000*5%x2/4)=$7,500

56 $210,000

($202,500+$7,500)

$200,000

(unchanged)

$150,000

(unchanged)

$200,000

(unchanged)

InformationFolder

I-4

Belowaretwofurtherexamplesofthe5%BonusanditsimpactonthecalculationandpaymentoftheLWA.


(i) theOwnermakesaninitialDepositintoIncomeClassatage50of$200,000andselectstheOne-LifeIncomeStream;

(ii) theLWABaseand5%BonusBaseareestablishedat$200,000(theamountoftheDeposit);

(iii) theOwnermakesnowithdrawalsforthefirst15yearsandthereforereceivesa5%Bonuseachyear(includingaproratedamountfortheyearoftheDeposit);and

(iv) theAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractdeclines,onaverage,by-2%peryear,afterfees.

Initial Deposit $200,000

50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80

LWA Base = $347,500 at 5% = $17,375/yr


Income for Life

Age

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000


This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes negative investment performance, declining on average 2% per year, after fees. The LWA Rate increases only if a GLWB Reset occurs when the Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the Annuitant turns age 64.

Asillustratedabove,after15yearstheLWABasehasincreasedto$347,500duetothe5%Bonuseseachyear,eventhoughtheOwnerexperiencednegativeinvestmentperformanceduringthatperiod.AfterDecember31oftheyearinwhichtheAnnuitantturns64,theOwner,canselecttobeginreceivingtheLWAinanannualamountof$17,375(5%of$347,500)forthelifeoftheAnnuitant.



50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65Age

66 67 68 69 70 71 72 73 74 75 76 77 78 79 80

Income for Life

Initial Deposit$200,000

$324,511

$439,054

$605,774

$820,169

$943,1945% = $47,160/yr

$1,004,7815% = $50,239/yr

$1,084,1655.25% = $56,919/yr

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

UP MARKET SCENARIOThis chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes a volatile market, gaining on average 8.38% per year, after fees. The LWA Rate increases only if a GLWB Reset occurs when the Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the Annuitant turns age 64.

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I-5

Asillustratedabove,theOwnerbenefitsfrom5%Bonuses,marketgrowthoftheIncomeClassUnitsallocatedtotheContractandbyautomaticGLWBResets.AtDecember31oftheyeartheAnnuitantturnsage64,theLWAiscalculatedas$47,160(5%of$943,194).Assumingcontinuedgrowthbasedonthesameinvestmentperformance,atage68theLWABaseissubjecttoaGLWBResetandtheLWAisrecalculatedas$50,239(5%of$1,004,781)and,atage74,theLWABaseissubjecttoanotherGLWBResetandtheLWAisrecalculatedas$56,919(5.25%of$1,084,165).Ineachcase,theLWAisforthelifetimeoftheAnnuitant.

(c) Automatic GLWB Resets and Death Benefit Base resets

(i) With Resets

ThefollowingisanillustrationofhowautomaticGLWBResetsandresetsoftheDeathBenefitBasecanincreasetheLWAandClassDeathBenefit.Itassumesthat:

(i) theOwnermakesaDepositintoIncomeClassof$200,000atage65;

(ii) theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnomore)eachyear;and

(iii)investmentperformanceisvolatile,gainingonaverage8.2%peryear,afterfees.

AgeAggregate�Unit�Value�of�Income�Class�Units

5%�Bonus�Base LWA�Base LWAMinimum�Class�Contract�Maturity�Benefit


65 $200,000 $200,000 $200,000 $10,000

($200,000*5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)

Assume�the�Aggregate�Unit�Value�of�the�Income�Class�Units�on�the�reset�date�at�age�68�is�$232,500�

68 $232,500 $232,500

(increasedtoAggregateUnitValue)

$232,500


$11,625

($232,500*5%)

$130,660 $232,500


��Assume�an�LWA�withdrawal�of�$11,625�at�the�end�of�the�year�at�age�68�

68 $232,280

($243,905-$11,625)

$232,500

(unchanged)

$232,500

(unchanged)

$11,625 $124,433

[($243,905-$11,625)/$243,905*$130,660]

$221,419

[($243,905-$11,625)/$243,905*$232,500]

Assume�the�Aggregate�Unit�Value�of�the�Income�Class�Units�on�the�reset�date�at�age�77�is�$300,038�

77 $300,038 $300,038


$300,038


$16,502

($300,038*5.5%)

Note:TheLWARateincreasedduetotheresetatadifferentagetieroftheAnnuitant

$84,048 $300,038


Assume�Annual�LWA�withdrawal�of�$16,502�at�age�77�at�end�of�year�

77 $300,490

($316,992-$16,502)

$300,038

(unchanged)

$300,038

(unchanged)

$16,502

(unchanged)

$79,673

[($316,992-$16,502)/$316,992*$84,048]

$284,419

[($316,992-$16,502)/$316,992*$300,038]

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I-6

(ii) Without Resets

ThefollowingisanillustrationoftheimpactwhentherearenoautomaticGLWBResetsorresetsoftheDeathBenefitBase.Itassumesthesamefactsastheexampleimmediatelyabove,exceptitassumesnegativeinvestmentperformanceaveraging-2.35%peryear,afterfees.




65 $200,000 $200,000 $200,000 $10,000

($200,000*5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)

Assume�the�Aggregate�Unit�Value�of�the�Income�Class�Units�on�the�reset�date�at�age�68�is�$157,878

68 $157,878 $200,000

(unchanged)

$200,000

(unchanged)

$10,000

($200,000*5%)

(unchanged)

Note:TheLWARatedoesnotincrease

$126,930 $169,240

Assume�an�annual�LWA�withdrawal�of�$10,000�at�age�68�at�the�end�of�the�year

68 $148,171

($158,171-$10,000)

$200,000

(unchanged)

$200,000

(unchanged)

$10,000

(unchanged)

$118,905

[($158,171-$10,000)/$158,171*$126,930]

$158,540

[($158,171-$10,000)/$158,171*$169,240]

Assume�the�Aggregate�Unit�Value�of�the�Income�Class�Units�at�age�77�on�the�reset�date�is�$62,851

77 $62,851 $200,000

(unchanged)

$200,000

(unchanged)

$10,000

($200,000*5%)

(unchanged)

Note:TheLWARatedoesnotincrease

$53,699 $71,598

Assume�Annual�LWA�withdrawal�of�$10,000�at�age�77�at�end�of�year

77 $52,052

($62,052-$10,000)

$200,000

(unchanged)

$200,000

(unchanged)

$10,000

(unchanged)

$45,045

[($62,052-$10,000)/$62,052*$53,699]

$60,060

[($62,052-$10,000)/$62,052*$71,598]

(d) LWA Base Addition (With GLWB Resets)

ThefollowingisanillustrationofhowanLWABaseAdditionaftertheLWACommencementDateincreasestheLWA.Itassumesthat:

(i) theOwnermakesaDepositintoIncomeClassof$200,000atage65;

(ii) theLWABaseisestablishedat$200,000(theamountoftheDeposit)andtheLWAiscalculatedas$10,000annually(5%oftheLWABase);

(iii)theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnotmore)eachyear;

(iv) theOwnermakesasubsequentDepositof$50,000toIncomeClassatage66;and

(v) investmentperformanceisvolatile,gainingonaverage8.33%peryear,afterfees.

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I-7


LWA�Base LWA Minimum�Class�Contract�Maturity�Benefit


65 $200,000 $200,000 $10,000

($200,000*5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)

Assume�an�LWA�Base�Addition�of�$50,000�at�age�66

66 $257,600

($207,600+$50,000)

$250,000

($200,000+$50,000)

$12,500

($250,000*5%)

$180,000

($142,500+$50,000*75%)

$240,000

($190,000+$50,000*100%)

Assume�the�Aggregate�Unit�Value�of�Income�Class�Units�on�the�reset�date�at�age�71�is�$302,425

71 $302,425 $302,425


$15,877

($302,425*5.25%)

Note:TheLWARateincreasedduetotheresetatadifferentagetieroftheAnnuitant

$86,854 $302,425


(e) LWA Base Addition (No GLWB Resets)

ThefollowingisanillustrationofhowanLWABaseAdditionaftertheLWACommencementDateincreasestheLWAwhennoGLWBResetsoccur.ItassumesthesamefactsastheexampleimmediatelyabovewithanadditionalLWABaseAdditionof$35,000atage72andassumesinvestmentperformanceisvolatile,gainingonaverage5.25%peryear,afterfees.


LWA�Base LWA Minimum�Class�Contract�Maturity�Benefit


65 $200,000 $200,000 $10,000

($200,000*5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)


66 $253,354

($203,354+$50,000)

$250,000

($200,000+$50,000)

$12,500

($250,000*5%)

$180,000

($142,500+$50,000*75%)

$240,000

($190,000+$50,000*100%)

No�Reset�at�Age�71


72 $257,358

($222,358+$35,000)

$285,000

($250,000+$35,000)

$14,338

[$250,000/($250,000+$35,000)*5%+$35,000/($250,000+$35,000)*5.25%]*$285,000

BLENDED�LWA�RATE

LWAPaymentIncreasesduetosubsequentDeposit

$120,606

($94,356+$35,000*75%)

$180,385

($145,385+$35,000*100%)

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I-8

(f) Continuation of the Contract upon death of the Annuitant

ThefollowingisanillustrationofhowtheLWAisrecalculateduponthedeathofanAnnuitant(i)foraJointAnnuitantContractwheretheOne-LifeIncomeStreamwasselectedandtheolderAnnuitantwasdesignatedasthepersonuponwhoselifetheGuaranteedLifetimeWithdrawalBenefitisbased,or(ii)foraRRIFwheretheOne-LifeIncomeStreamwasselectedandthespouseelectsundertheIncomeTaxActtocontinuetheContract.Itassumesthat:

(i) theOwnermakesaDepositintoIncomeClassof$150,000atage71andselectstheOne-LifeIncomeStream;

(ii) theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnomore)eachyear;

(iii)theAnnuitantdiesatage74;

(iv) thespouseorcommon-lawpartneroftheAnnuitantisage67whentheContractiscontinued;and

(v) investmentperformanceisnegative,averaging-10%peryear,afterfees.


LWA�Base 5%�Bonus�Base LWAMinimum�Class�Contract�Maturity�Benefit


73 $158,835 $150,000 $150,000 $7,875

($150,000*5.25%)

$71,457 $142,914

Assume�the�Aggregate�Unit�Value�of�the�Income�Class�Value�is�$135,352�on�death�of�the�Annuitant�upon�whose�life�the�GLWB�is�based.��The�LWA�Base,�5%�Bonus�Base�and�LWA�will�be�recalculated�as�illustrated�below.

74 $135,352 $135,352 $135,352 $6,768

($135,352*5%1)

$71,457

(unchanged)

$142,914

(unchanged)

TheLWABasewillberesettotheAggregateUnitValueoftheIncomeClassUnits.Inthiscase,theLWABaseisresetto$135,352andthenewLWAiscalculatedasapercentage(basedonLWARateofthesurvivingannuitant/spousalbeneficiary’sage)of$135,352.ThesurvivingannuitantorspousalbeneficiarywillreceiveanLWAof$6,768peryearfortherestofhisorherlife.

1Assumingthesurvivingannuitant/spousalbeneficiaryisbetweentheagesof65-69.

I-2.4 Guaranteed Lifetime Withdrawal Benefit (GLWB) – Two-Life Income Stream

ThefollowingillustrationsdemonstratecommonscenariosrelatedtotheTwo-LifeIncomeStreamundertheGuaranteedLifetimeWithdrawalBenefit.Theyinclude:

(a) paymentoftheLWAforthelivesofthetwoAnnuitants;

(b) a5%BonuspriortotheLWACommencementDate;

(c) bothautomaticGLWBResetsandnoautomaticGLWBResets;

(d) anLWABaseAdditionwithaGLWBReset;

(e) anLWABaseAdditionwithoutaGLWBReset;and

(f) continuationoftheContractfollowingthedeathofoneAnnuitant.

(a) Lifetime payment of the LWA

BelowaretwoexamplesofpaymentoftheLWAforthelivesofthetwoAnnuitants.


(i) theAnnuitantsareages65and70;

(ii) theOwnermakesaDepositintoIncomeClassof$200,000atage65oftheyoungerAnnuitantandselectstheTwo-LifeIncomeStream;

(iii) theLWABaseand5%BonusBaseareestablishedat$200,000(theamountoftheDeposit)andtheLWAiscalculated,basedontheageoftheyoungerAnnuitant,as$9,000annually(4.5%oftheLWABase);

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I-9

(iv) theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnomore)eachyear;and

(v) theOwnerexperiencesinvestmentperformanceonaverageof-2%peryear,afterfees.

Initial Deposit$200,0004.5% = $9,000/yr

Market Value $0LWA = $9,000/yr

Income for Life

65 66 67 68 69 70 71 72 73 74 75 76 77 78Age

79 80 81 82 83 84 85 86 87 88 89 90 91


$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes negative investment performance, declining on average 2% per year, after fees. The LWA Rate only increases if a reset occurs when the younger Annuitant’s age is within a different age tier. Exceeding the maximum annual withdrawal limit may have a negative impact on future payments. The LWA is available after December 31st of the year the younger Annuitant turns age 64.

Asillustratedabove,theLWAremains$9,000peryearuntilthedeathofthefirstAnnuitant,eventhoughtheAggregateUnitValueoftheIncomeClassUnitsallocatedtotheContractisreducedtozeroafter19years.


$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

Initial Deposit$200,0004.5% = $9,000/yr

Income for Life

65 66 67 68 69 70 71 72 73 74 75 76 77 78Age

79 80 81 82 83 84 85 86 87 88 89 90 91


$245,3924.75% = $11,656/yr

$306,4484.75% = $14,556/yr

$379,6665.5% = $20,882/yr

$336,7115% = $16,836/yr

$396,2265.5% = $21,792/yr

UP MARKET SCENARIO

This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes a volatile market, gaining on average 8.38% per year, after fees. The LWA Rate increases only if a GLWB Reset occurs when the younger Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the younger Annuitant turns age 64.

Asillustratedabove,theOwnerbenefitsfrommarketgrowthoftheIncomeClassUnitsallocatedtotheContractandbyautomaticGLWBResets.TheLWABaseinitiallyis$200,000,andiscomparedeverythreeyearstotheAggregateUnitValueoftheIncomeClassUnitsthenallocatedtotheContract.WhensuchAggregateUnitValueishigherthantheLWABase,theLWABaseand5%BonusBaseareincreasedtosuchAggregateUnitValue.TheLWAthenisrecalculatedbymultiplyingtheincreasedLWABasebytheLWARatebasedontheageoftheyoungerAnnuitantontheGLWBResetdate.(SeeSection13.9oftheContractforfurtherinformation.)

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(b) 5% Bonus prior to the LWA Commencement Date

BelowisanillustrationofhowtheLWABase,5%BonusBaseand5%BonusarecalculatedpriortotheLWACommencementDate.Itisassumedthat:

(i) theOwnermakesaDepositintoIncomeClassof$100,000inJulywhentheyoungerAnnuitantisage55;

(ii) theLWABaseand5%BonusBaseareestablishedat$100,000(theamountoftheDeposit);and

(iii) theOwnermakesasubsequentDepositintoIncomeClassof$100,000inJulywhentheyoungerAnnuitantisage56.

DateOlder�Annuitant�Age

Younger�Annuitant�Age



July15,2010

$100,000DepositedintoIncomeClassUnits

60 55 $100,000 $100,000 N/A $75,000

($100,000*75%)

$100,000

($100,000*100%)

December31,2010

5%Bonus,proratedforJuly-December2010($100,000*5%*2/4=$2,500)

60 55 $100,000

(unchanged)

$102,500

($100,000+$2,500)

N/A $75,000

(unchanged)

$100,000

(unchanged)

July19,2011

LWABaseAdditionof$100,000

61 56 $200,000

($100,000+$100,000)

$202,500

($102,500+$100,000)

N/A $150,000

($75,000+$100,000*75%)

$200,000

($100,000+$100,000*100%)

December31,2011

5%Bonus:($100,000*5%)+($100,000*5%*2/4)=$7,500

61 56 $200,000

(unchanged)

$210,000

($202,500+$7,500)

N/A $150,000

(unchanged)

$200,000

(unchanged)

Belowaretwofurtherexamplesofthe5%BonusanditsimpactonthecalculationoftheLWA.


(i) theAnnuitantsareages50and55;

(ii) theOwnermakesaDepositintoIncomeClassof$200,000atage50oftheyoungerAnnuitantandselecttheTwo-LifeIncomeStream;

(iii) theLWABaseand5%BonusBaseareestablishedat$200,000(theamountoftheDeposit);

(iv) theOwnermakesnowithdrawalsforthefirst15yearsandthereforereceivea5%Bonuseachyear(includingaproratedamountfortheyearoftheDeposit);and

(v) theOwnerexperiencesinvestmentperformanceonaverageof-2%peryear,afterfees.

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I-11

Initial Deposit$200,000

50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65Age

66 67 68 69 70 71 72 73 74 75 76 77 78 79 80

LWA Base = $347,500 at 4.5% = $15,638/yr


Income for Life

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000


This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes negative investment performance, declining on average 2% per year, after fees. The LWA Rate increases only if a GLWB Reset occurs when the younger Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the younger Annuitant turns age 64.

Asillustratedabove,after15yearstheLWABasehasincreasedto$347,500duetothe5%Bonuseseachyear,eventhoughtheOwnerexperiencednegativeinvestmentperformanceduringthatperiod.AfterDecember31oftheyearinwhichtheyoungerAnnuitantturns64,theAnnuitantscanselecttobeginreceivingtheLWAinanannualamountof$15,638(4.5%of$347,500)forthelivesofthetwoAnnuitants.

Thesecondexampleassumes thesamefactsas thefirstexample,except the investmentperformance. In theexamplebelow, it isassumedthatinvestmentperformanceisvolatilebutaverages8.38%peryear,afterfees.


50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65Age

66 67 68 69 70 71 72 73 74 75 76 77 78 79 80

Income for Life

Initial Deposit $200,000

$324,511

$439,054

$605,774

$820,169

$943,1944.5% = $42,444/yr

$1,015,0304.5% = $45,676/yr

$1,134,3544.75% = $53,882/yr

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

UP MARKET SCENARIO

This chart is for illustrative purposes only. It is not intended to predict or project investment results. Illustration assumes a volatile market, gaining on average 8.38% per year, after fees. The LWA Rate increases only if a GLWB Reset occurs when the younger Annuitant’s age is within a different age tier. Making withdrawals exceeding the LWA in any year may have a negative impact on future payments. The LWA is available after December 31st of the year the younger Annuitant turns age 64.

Asillustratedabove,theOwnerbenefitsfrom5%Bonuses,marketgrowthoftheIncomeClassUnitsallocatedtotheContractandbyautomaticGLWBResets.AtDecember31oftheyeartheyoungerAnnuitantturnsage64,theLWAiscalculatedas$42,444(4.5%of$943,194).Assumingthecontinuedgrowthbasedonthesameinvestmentperformance,atage68oftheyoungerAnnuitanttheLWABaseissubjecttoanautomaticGLWBResetandtheLWAisrecalculatedas$45,676(4.5%of$1,015,030),andatage74oftheyoungerAnnuitanttheLWABaseissubjecttoanotherGLWBResetandtheLWAisrecalculatedas$53,882(4.75%of$1,134,354).TheLWAisforthelifetimeofbothAnnuitants.

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I-12

(c) Automatic GLWB Resets and Death Benefit Base resets

(i) With Resets

Thefollowing isan illustrationofhowautomaticGLWBResetsandresetsof theDeathBenefitBasecan increasetheLWAandtheClassDeathBenefit.Itassumesthat:

(i) theOwnermakesaDepositintoIncomeClassof$200,000atage65oftheyoungerAnnuitant;

(ii) theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnomore)eachyear;and

(iii)investmentperformanceisvolatile,gainingonaverage8.17%peryear,afterfees.

Older�Annuitant�Age


Aggregate�Unit�Value�of�Income�Class�Units

5%�Bonus�Base LWA�Base LWA



70 65 $200,000 $200,000 $200,000 $9,000

($200,000*4.5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)


73 68 $235,943 $235,943


$235,943


$10,617

($235,943*4.5%)

$132,594 $235,943

Assume�Annual�LWA�withdrawal�of�$10,617�at�end�of�year�at�age�68

73 68 $236,898

($247,515-$10,617)

$235,943

(unchanged)

$235,943

(unchanged)

$10,617

(unchanged)

$126,906

[($247,515-$10,617)/$247,515*$132,594]

$225,822

[($247,515-$10,617)/$247,515*$235,943]


85 80 $350,965 $350,965


$350,965


$19,303

($350,965*5.5%)

Note:TheLWARateincreasedduetotheresetatadifferentagetieroftheyoungerAnnuitant

$77,544 $350,965


85 80 $347,127

($366,430-$19,303)

$350,965

(unchanged)

$350,965

(unchanged)

$19,303

(unchanged)

$73,459

[($366,430-$19,303)/$366,430*$77,544]

$332,477

[($366,430-$19,303)/$366,430*$350,965]

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I-13

(ii) Without Resets

ThefollowingisanillustrationoftheimpactwhentherearenoautomaticGLWBResetsorresetsoftheDeathBenefitBase.Itassumesthesamefactsastheexampleimmediatelyabove,exceptitassumesnegativeinvestmentperformanceaveraging-2.35%peryear,afterfees.




5%�Bonus�Base LWA�Base LWA



70 65 $200,000 $200,000 $200,000 $9,000

($200,000*4.5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)


73 68 $164,170 $200,000

(unchanged)

$200,000

(unchanged)

$9,000

($200,000*4.5%)

(unchanged)

$129,286 $172,382


73 68 $152,581

($161,581-$9,000)

$200,000

(unchanged)

$200,000

(unchanged)

$9,000

(unchanged)

$122,085

[($161,581-$9,000)/$161,581*$129,286]

$162,780

[($161,581-$9,000)/$161,581*$172,382]


85 80 $42,197 $200,000

(unchanged)

$200,000

(unchanged)

$9,000

(unchanged)

($200,000*4.5%)

$39,411 $52,549


85 80 $32,863

($41,863-$9,000)

$200,000

(unchanged)

$200,000

(unchanged)

$9,000

(unchanged)

$30,938

[($41,863-$9,000)/$41,863*$39,411]

$41,252

[($41,863-$9,000)/$41,863*$52,549]

(d) LWA Base Addition (With GLWB Resets)

ThefollowingisanillustrationofhowanLWABaseAdditionaftertheLWACommencementDateincreasestheLWA:Itassumesthat:

(i) theOwnermakesaDepositintoIncomeClassof$200,000atage65oftheyoungerAnnuitant;

(ii) theLWABaseisestablishedat$200,000(theamountoftheDeposit)andtheLWAiscalculatedas$9,000annually(4.5%oftheLWABase);

(iii)theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnotmore)eachyear;

(iv) theOwnermakesasubsequentDepositof$50,000toIncomeClassatage66oftheyoungerAnnuitant;and

(v) investmentperformanceisvolatile,gainingonaverage8.33%peryear,afterfees.

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I-14




LWA�Base LWAMinimum�Class�Contract�Maturity�Benefit


70 65 $200,000 $200,000 $9,000

($200,000*4.5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)


71 66 $257,600

($207,600+$50,000)

$250,000

($200,000+$50,000)

$11,250

($250,000*4.5%)

$180,000

($142,500+$50,000*75%)

$240,000

(190,000+$50,000*100%)


76 71 $310,057 $310,057


$14,728

($310,057*4.75%)

Note:TheLWARateincreasedduetotheresetatadifferentagetieroftheyoungerAnnuitant

$86,854 $310,057


(e) LWA Base Addition (No GLWB Resets)

ThefollowingisanillustrationofhowanLWABaseAdditionaftertheLWACommencementDateincreasestheLWAwhennoGLWBResetsoccur.ItassumesthesamefactsastheexampleimmediatelyabovewithanadditionalLWABaseAdditionof$35,000atage72andassumesinvestmentperformanceisvolatile,gainingonaverage5.25%peryear,afterfees.






70 65 $200,000 $200,000 $9,000

($200,000*4.5%)

$150,000

($200,000*75%)

$200,000

($200,000*100%)


71 66 $257,600

($207,600+$50,000)

$250,000

($200,000+$50,000)

$11,250

($250,000*4.5%)

$180,000

($142,500+$50,000*75%)

$240,000

($190,000+$50,000*100%)

No�Reset�at�age�71

Assume�an�LWA�Base�Addition�of�$35,000�in�January�at�age�72

77 72 $236,252

($201,252+$35,000)

$285,000

($250,000+$35,000)

$12,913

[$250,000/($250,000+$35,000)*4.5%+$35,000/($250,000+$35,000)*4.75%]*$285,000



$120,606

($94,356+$35,000*75%)

$180,385

($145,385+$35,000*100%)

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I-15

(f) Continuation of the Contract upon death of the younger Annuitant under a Joint Annuitant Contract

ThefollowingisanillustrationofhowtheLWAcontinuesuponthedeathoftheyoungerAnuitantforaJointAnnuitantContractwheretheTwo-LifeIncomeStreamwasselected.Itassumesthat:

(i) theOwnermakesaDepositintoIncomeClassof$150,000atage67oftheyoungerAnnuitantandselectstheTwo-LifeIncomeStream;

(ii) theOwnerbeginswithdrawingtheLWAimmediatelyandwithdrawsthefullamountoftheLWA(butnomore)eachyear;

(iii) theyoungerAnnuitantdiesatage68;

(iv) thespouseorcommon-lawpartnerofthedeceasedAnnuitantisage74whentheContractiscontinued;and

(v) investmentperformanceisnegative,averaging-1%peryear,afterfees.






73 67 $150,000 $150,000 $6,750

($150,000*4.5%)

$71,457 $142,914

Upon�the�death�of�the�younger�Annuitant�at�age�68,�the�LWA�continues�unchanged�for�the�older�Annuitant

74 68 $142,300 $150,000 $6,750

($150,000*4.5%)

$71,457

(unchanged)

$142,914

(unchanged)

The�LWA�Base�remains�at�$150,000�and�the�LWA�remains�at�4.5%�of�$150,000.�The�older�Annuitant�can�receive�$6,750�for�the�rest�of�his�or�her�life.

I-2.5 Guaranteed Lifetime Withdrawal Benefit (GLWB) – Age 55 LWA Election

BelowisanillustrationofhowtheLWABase,5%BonusBaseand5%BonusarecalculatedwhenAge55LWAElectionismade.Itisassumedthat:

(i) theOwnermakesaDepositintoIncomeClassof$100,000inJulywhentheAnnuitantisage50;


(iii) theOwnerelectsAge55LWAElectionandbeginswithdrawing4%LWAatage55andwithdrawsthefullamountoftheLWA(butno more)eachyear;and

(iv) aGLWBResetoccursinJulyatage68.

TheLWABaseand5%BonusBaseincreasetothemarketvaluebuttheLWARateremainsat4%sincetheAge55LWAElectionwasmade.

Date Age LWA�Base LWA 5%�Bonus�Base



July15,2010


50 $100,000 $100,000 $75,000

($100,000*75%)

$100,000

($100,000*100%)

December31,2010

5%Bonus,proratedforJuly-December2010

($100,000*5%*2/4=$2,500)

50 $102,500

($100,000+$2,500)

$100,000

(unchanged)

$75,000

(unchanged)

$100,000

(unchanged)

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LWAPayments 55to68 $122,500

($102,500+$5,000*4)

$4,900 $100,000

(unchanged)

$36,780 $49,040

July15,2028

Reset

68 $135,000 $5,400

NoincreaseintheLWARateasAge55LWAElectionhasbeenmadeandawithdrawalmade

$135,000 $101,250

($135,000*75%)

$135,000

(unchanged)

BelowisanillustrationofhowtheLWABase,5%BonusBaseand5%BonusarecalculatedwhenAge55LWAElectionismade.Itisassumedthat:

(i) theOwnermakesaDepositintoIncomeClassof$100,000inJanuarywhentheAnnuitantisage55;


(iii) theOwnermakestheAge55LWAElectionandbeginswithdrawing4%LWAatage56andwithdrawsthefullamountoftheLWA(butno more)eachyear;

(iv) theOwnermakestheLWABaseAdditionintoIncomeClassof$100,000atage67;and

(v) aGLWBResetoccursinJulyatage70.

TheLWABaseand5%BonusBaseincreasetothemarketvalueandtheLWARateisrecalculated.Onlythedepositsmadeafterage65willbeeligibletoreceivethehigherLWARateforthecurrentagetieronreset(ifyouchoosetheAge55LWAElection,theLWARatewillnotberecalculatedfortheproportionoftheLWABasearisingfromthedepositsmadebeforeage65).

Date Age LWA�Base LWA 5%�Bonus�Base



July15,2010


55 $100,000 $4,000

($100,000*4%=$4,000)

$100,000 $75,000

($100,000*75%)

$100,000

($100,000*100%)

December31,2010

5%Bonus,proratedforJuly-December2010

($100,000*5%*2/4=$2,500)

55 $102,500

($100,000+$2,500)

$4,100

($102,500*4%=$4,100)

$100,000

(unchanged)

$75,000

(unchanged)

$100,000

(unchanged)

LWAPayments 56to66 $102,500 $4,100 $100,000 $41,175 $54,900

July19,2022

LWABaseAdditionof$100,000

67 $202,500

($102,500+$100,000)

$9,100

[$102,500/($102,500+$100,000)*4%+$100,000/($102,500)+$100,000)*5.00%]*$202,500



$200,000

($100,000+$100,000)

$116,175

($41,175+$100,000*75%)

$154,900

($54,900+$100,000*100%)

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July15,2025

ResetsinceMarketValueis$215,000

70 $215,000 $9,927

[$108,827/($108,827+$106,173)*4%+($106,173/($108,827+$106,173)*5.25%]*$215,000

Onlytheproportionofdepositsmadeafterage65willreceivetheincreaseintheLWARate.

$215,000 $161,250

($215,000*75%)

$215,000

($215,000*100%)

SECTION I-3 SERVICES

I-3.1 Portfolio rebalancing services

Weofferaportfoliorebalancingservicetopolicyholders.Youcanadviseusofyour target fundallocation foreachClassofUnitsofeachFundallocated to your Contract. We will review your current allocationscompared to your target allocation monthly, quarterly, semi-annuallyorannually.IfyourinvestmentinanyClassofUnitsofaFundvariesbymorethanthepercentageofvarianceyouhaveselectedforyourtargetallocation, we will automatically switch the investments to return toyourtargetallocation.ThisportfoliorebalancingserviceisprovidedonthebasisofeachClass,notforyourContractasawhole.Thereisnofeeforthisservice.

We reserve the right to restrict rebalancing if the rebalancing wouldcontraveneanyinvestmentrequirementsthenineffect.

SECTION I-4ADDITIONAL GENERAL INFORMATIONI-4.1 Correspondence that will be sent to you

When we say that we will notify or advise you, we mean that wewill send you a written notice to your address as shown in our files.Pleaseadviseusofanychangeinyouraddress.Insomecases,whereyour Contract is held externally in the name of your Distributor or itsnominee, correspondence may be directed to a third party based onthe authorization you have given to your Distributor, and where thatauthorizationisacceptabletous.

WewillsendyouconfirmationsforeveryfinancialtransactionaffectingyourContract,exceptforrecurringtransactionssuchasapre-authorizedchequing plan, regular withdrawals (including LWA payments) andpaymentsofContract-LevelFees.

YouwillbefurnishedwithstatementsforyourContracteitherannuallyorsemi-annually.Eachstatementwillshowthetransactionssincethelaststatement.ItalsowillprovideyouwithasummaryofthevalueoftheUnitsheldintheContractandguaranteesasattheValuationDatefortheFundscoincidingwiththisstatementdate.Ifyouhaveselectedthe Guaranteed Lifetime Withdrawal Benefit for your Contract, wealso will show you the current standing of your Guaranteed LifetimeWithdrawalBenefit.Recurringfinancialtransactionswillbesummarizedforyouquarterlyineitherastatementoraconfirmation.

Uponyourwrittenrequest,wewillsendtoyoucopiesoftheunauditedsemi-annual financial statements for each Fund, the audited financialstatementsforeachFundbyApril30ofthefollowingyearand/ortheAnnualReportforyourContract.ThesestatementsandreportsincludethemanagementexpenseratiooftheUnderlyingFund,themanagementexpenseratioofeachClassoftheFund,andtheoverallrateofreturn,calculatedonanetbasis,foreachClassoftheFundforthelast1,3,5and10yearperiods,ifavailable.

Upon your written request, we will also send to you copies of theSimplified Prospectus, Annual Information Form, Financial HighlightsandAuditedFinancialStatementsofanUnderlyingFund.

Youmaychoosetoreceiveanyofthecorrespondencedescribedaboveinhardcopyformatorbyelectronictransmission.

I-4.2 Creditor protection

Under provincial insurance laws, the Contract may be protected fromthecreditorsoftheOwnerifthebeneficiary isaspouse,parent,childor grandchild of the Annuitant or if the beneficiary is irrevocable (inQuébec,thebeneficiaryisanascendantordescendantoftheOwner).

NOTE: THERE ARE IMPORTANT LIMITATIONS WITH RESPECT TO THIS PROTECTION AND THIS SUMMARY DOES NOT INCLUDE ALL POSSIBLE CONSIDERATIONS. YOU SHOULD CONSULT YOUR LEGAL ADVISOR ABOUT YOUR INDIVIDUAL CIRCUMSTANCES.

I-4.3 Estate planning

If you have made a valid beneficiary designation (other than of yourestate) and you are the sole Annuitant, then upon your death theproceeds payable under the Contract to such beneficiary, if living,wouldnotformpartofyourestateforprobatepurposes.Probatefees,therefore,shouldnotapplytoanysuchproceeds.

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I-4.4 Custodian

Sun LifeandCI haveappointedRBCDexia InvestorServicesTrust asthecustodianof thecashandsecurities thatmakeup the investmentportfolio of each of the Funds. The custodian’s principal place ofbusinessis:

RBCDexiaInvestorServicesTrust155WellingtonStreetWest,5thFloorToronto,OntarioM5W1P9

I-4.5 Auditor

PricewaterhouseCoopersLLP,Suite3000RoyalTrustTower,TDCentre,Toronto,OntarioM5K1G8istheauditoroftheFunds.

I-4.6 Interest of management and others in material transactions

PursuanttoanAdministrativeServicesAgreementdatedasofJuly25,2002 (as amended and restated effective May 7, 2010), Sun Life hasretained CI to manage the day-to-day operations of the Funds. In thelasttwoyears,neitherSunLifenoritsaffiliateshaveenteredintoanyothercontractsthatreasonablycouldbeconsideredmaterialtopresentorfutureOwnersofContractsotherthancontractsenteredintointheordinaryandnormalcourseofbusiness.

Inthe lastthreeyears,neithertheprincipalbrokernoranydirectororseniorofficerofSunLifeoranyassociateoraffiliateof theforegoingpersonsorcompanieshashadanymaterialdirectorindirectinterestinanytransactionsorinanyproposedtransactionsthatwouldmateriallyaffecttheFunds.

SECTION I-5COMPENSATION OF DISTRIBUTORI-5.1 Compensation of Distributor

TheDistributorwhosolicitedyourContractorwho is thenassigned toyourContractmayreceiveasaleschargeinconnectionwitheachDepositto the Contract, a servicing commission and/or certain other salesincentives.Thecompensationnotedbelowisthestandardcompensation,butmayvarydependingonnegotiationswithaspecificDistributor.

SalesCharges

Initial�Sales�Charge�option:Whenthe InitialSalesChargeoption isselectedinconnectionwithaPremium,asalescommissionofupto5%isdeductedfromthePremiumandpaidtotheDistributor(equivalentto$50per$1,000ofthePremium,or5.26%oftheDeposit).Theremainingamount, less any premium taxes or other governmental levies, is theDepositandisallocatedtoacquireUnitsintheselectedClassofUnitsoftheFund.SalescommissionsmaybenegotiatedwiththeDistributor.

Deferred� Sales� Charge� option: When the Deferred Sales ChargeoptionisselectedinconnectionwithaPremium,noamountisdeductedfromthePremium(otherthananypremiumtaxesorothergovernmentallevies),andtheDistributorreceivesfromCIafixedcommissionof5%($50 per $1,000 invested). We may cancel this option at any time. ARedemption Fee will generally apply to Deferred Sales Charge UnitsthatareRedeemedwithin7yearsaftertheeffectivedateofDeposit.

ServicingCommissions

AservicingcommissionconsistingofaportionoftheManagementFeeis paid by CI to the Distributor as summarized below. It pays for theongoing advice and service that you are entitled to receive from theDistributorso longasUnitsof theparticularFundremainallocatedtoyourContract.

Annual�Servicing�Commission

FundInitial��

Sales�Charge�Units

Deferred�Sales�Charge�

Units

SunWiseEssentialCIMoneyMarketSegregatedFund

0.00%to0.25% None

AllIncomeFunds(excludingSunWiseEssentialCISignatureHighIncomeSegregatedFundandSunWiseEssentialCISignatureDiversifiedYieldSegregatedFund)

0.50% 0.25%

AllotherFunds(includingSunWiseEssentialCISignatureHighIncomeSegregatedFundandSunWiseEssentialCISignatureDiversifiedYieldSegregatedFund)

1.00% 0.50%

It is not possible to request that DSC-Free Units be treated as InitialSalesChargeUnitsforpurposesofchangingtheservicingcommissionrate associated with such Units. Such a change can be made onlyby Redeeming the DSC-Free Units and using the proceeds to acquirethe same Units as Initial Sales Charge Units. This may reduce theGuaranteedBenefits,andmaytriggeracapitalgainiftheContractisaNon-RegisteredContract.

PIMInvestmentAdvisoryFees

Wecollectan investmentadvisory feeonyourDistributor’sbehalfbyredeeming (without charges) a sufficient number of units from youraccount prior to each calendar quarter end. The investment advisoryfeemaybenegotiatedbetweenyouandyourDistributorandmaynotexceed1.25%annually.Thedefaultinvestmentadvisoryfeewillapplyunless we receive instructions to the contrary. Written instructionsauthorizedbyyouandyourDistributormustbereceivedbyusinordertochangetheinvestmentadvisoryfee.Thedefaultinvestmentadvisoryfeeratesaresummarizedbelow.

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Fund Default Investment Advisory Fee

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund 1.00

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund 1.00

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund 1.00

SunWiseEssentialCIGlobalSegregatedFund 1.00

SunWiseEssentialCIHarbourForeignEquitySegregatedFund 1.00

SunWiseEssentialCIBlackCreekGlobalBalancedSegregatedFund 1.00

SunWiseEssentialCISignatureGlobalIncome&GrowthSegregatedFund 1.00

SunWiseEssentialCIAmericanValueSegregatedFund 1.00

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund 1.00

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund 1.00

SunWiseEssentialCICanadianInvestmentSegregatedFund 1.00

SunWiseEssentialCIHarbourSegregatedFund 1.00

SunWiseEssentialCISignatureDividendSegregatedFund 1.00

SunWiseEssentialCISignatureSelectCanadianSegregatedFund 1.00

SunWiseEssentialCISynergyCanadianSegregatedFund 1.00

SunWiseEssentialCICambridgeCanadianAssetAllocationSegregatedFund 1.00

SunWiseEssentialCIHarbourGrowth&IncomeSegregatedFund 1.00

SunWiseEssentialCISignatureIncome&GrowthSegregatedFund 1.00

SunWiseEssentialPortfolioSeriesBalancedGrowthSegregatedFund 1.00

SunWiseEssentialPortfolioSeriesBalancedSegregatedFund 1.00

SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund 1.00

SunWiseEssentialPortfolioSeriesConservativeSegregatedFund 1.00

SunWiseEssentialPortfolioSeriesGrowthSegregatedFund 1.00

SunWiseEssentialPortfolioSeriesIncomeSegregatedFund 0.50

SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund 1.00

SunWiseEssentialCIAmericanValueSegregatedBundle 1.00

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle 1.00

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedBundle 1.00

SunWiseEssentialCICambridgeAmericanEquitySegregatedBundle 1.00

SunWiseEssentialCICambridgeCanadianEquitySegregatedBundle 1.00

SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle 1.00

SunWiseEssentialCICanadianInvestmentSegregatedBundle 1.00

SunWiseEssentialCIGlobalSegregatedBundle 1.00

SunWiseEssentialCIHarbourSegregatedBundle 1.00

SunWiseEssentialCISignatureDividendSegregatedBundle 1.00

SunWiseEssentialCISignatureSelectCanadianSegregatedBundle 1.00

SunWiseEssentialCISynergyCanadianSegregatedBundle 1.00

SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund 1.00

SunWiseEssentialCISignatureCanadianBondSegregatedFund 0.50

SunWiseEssentialCISignatureCorporateBondSegregatedFund 0.50

SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund 1.00

SunWiseEssentialCISignatureHighIncomeSegregatedFund 1.00

SunWiseEssentialCIMoneyMarketSegregatedFund 0.00

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SalesIncentives

CI and Sun Life may, from time to time, provide sales incentives toDistributorsincluding,amongothermatters,fundingsomeorallofthecostsofcertaincommunications,seminars,conferencesandeducationalcourses.NoneofsuchincentivesarepaidbytheFunds.

SECTION I-6 TAX INFORMATION

I-6.1 General

This section as well as other tax information contained in this information folder (collectively the “Tax Summary”) is a summary of the principal Canadian federal income tax consequences to prospective Owners who are individuals (other than trusts) and are residents of Canada. The Tax Summary is of a general nature only and is not exhaustive of all possible federal income tax considerations of individual Owners and it does not take into account or consider the tax laws of any province or territory or of any jurisdiction outside of Canada. Changes in the law or administrative practices of government taxation authorities may result in different tax treatment than is described in the Tax Summary. The Tax Summary is not intended to be, nor should it be construed to be, legal or tax or estate planning advice to any particular prospective Owner or other person. Prospective Owners and other persons should consult their own tax and estate planning advisors with respect to their particular circumstances.

NOTE: THIS SUMMARY DOES NOT INCLUDE ALL POSSIBLE TAX CONSIDERATIONS AND YOU SHOULD CONSULT YOUR PERSONAL TAX ADVISOR ABOUT YOUR INDIVIDUAL CIRCUMSTANCES.

I-6.2 The Funds

EachFundistreatedasatrustundertheIncomeTaxAct.BasedontheUnits allocated to your Contract, dividends, ordinary income, realizedcapital gains and losses and foreign source income of the Funds areallocatedtoyoueachyearwiththeresult that theFunddoesnotpaytaxonsuchincome.ChanginganUnderlyingFundmayresultinagain(orloss)beingrealizedbytheFundandallocatedtoyou.

I-6.3 Taxation – Registered Contracts

Based on legislation currently in force and subject to the provisionscontained in the RRSP or RRIF endorsement to the Contract (as thecasemaybe),aSunWiseEssentialSeries IndividualAnnuityContractqualifiesforregistrationasanRRSPorRRIF.

If you have a Registered Contract that is a RRIF and your spouse orcommon-lawpartnerisdesignatedassolebeneficiary,uponyourdeathheorshemayelecttocontinuepaymentsunderyourContract,subjectto the additional terms described in Section 13.20 of the Contract.Otherwise, ingeneral, ifyouhaveaRegisteredContract, thevalueofyourcontractisincludedinyourincomeintheyearofyourdeathunlessthebeneficiaryofyourcontractisyourspouse,common-lawpartneroraqualifyingchildorgrandchild.

Ifthebeneficiaryisyourspouseorcommon-lawpartner,heorshemustinclude in his or her income the payments received out of the RRSPorRRIF.Yourspouseorcommon-lawpartnermaybeabletoclaimanoffsetting deduction if he or she uses such payments to purchase anRRSP,RRIForqualifyingannuity.

If the beneficiary is your child or grandchild who was immediatelybeforeyourdeathfinanciallydependentonyou(whereyourContractisanRRSP)ordependentonyoubecauseofphysicalormental infirmity(where your Contract is a RRIF), he or she must include in his or herincomethepaymentsreceivedoutoftheRegisteredContract.Heorshemaybeabletoclaimanoffsettingdeductionincertaincircumstances.Ifthechildorgrandchildis18yearsofageorolderandnotmentallyorphysicallyinfirm,thereisnooffsettingdeductionandnodeferraloftax.

(a) Registered Retirement Savings Plans (RRSPs – includes LIRAs, Locked-in RSPs and RLSPs as applicable)

Ingeneral,iftheContractisregisteredasanRRSPundersection146ofthe IncomeTaxActthentheDepositsaretaxdeductible,uptothelimitspermittedunderapplicabletaxlaws,unlesstheContracthasbeenacquiredasaresultofatransferfromanotherregisteredplaninwhichcasethetransfermayoccuronataxdeferredbasis.NotaxispayableonincomeandcapitalgainsearnedbytheFundsandallocatedtoyourContractatthetimeitisearned.TheIncomeTaxActcurrentlystipulatesthatretirementincomemustcommencenolaterthanDecember31oftheyearinwhichtheOwnerattainsage71.AtransferofthevalueofUnitsallocatedtoyourContractfromoneFundtoanotherFundwilloccuronataxdeferredbasis,providedthereisnocashwithdrawalfromtheRRSP.Ingeneral,thedirecttransferofmoniesfromtheRRSPContracttoanotherRRSPoraRRIFalsowillbe taxdeferred.However,amountswithdrawnfromtheContractwillgenerallybeincludedinyourincomeandmaybesubjecttowithholdinginrespectoftax.AnybenefitsunderyourRRSPContractreceivedbyyouandtheretirementincomepaymentsatmaturitywillbeincludedinyourincome.

IftheContractisissuedasaLIRA,Locked-inRSPorRLSP,thenthetaxtreatmentisessentiallythesameasthatdescribedforanRRSP.

(b) Registered Retirement Income Funds (RRIFs – includes LIFs, LRIFs, PRIFs and RLIFs as applicable)

In general, if the Contract is registered as a RRIF under section146.3oftheIncomeTaxActthennotaxispayableonincomeandcapital gains earned by the Funds and allocated to your Contractat thetime it isearned.Atransferof thevalueofUnitsallocatedtoyourContractfromoneFundtoanotherFundwilloccuronataxdeferredbasis,providedthereisnocashwithdrawalfromtheRRIF.Retirement incomepaymentsandotheramountswithdrawnundera RRIF will generally be included in your income. Any amountswithdrawninexcessoftheMAPwillbesubjecttowithholdinginrespectoftax.

IfyourContract is issuedasaLRIF,LIF,PRIForRLIF, thenthetaxtreatmentisessentiallythesameasthatdescribedforaRRIF.

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I-21

(c) Tax-Free Savings Account

Basedonlegislationcurrentlyinforceandsubjecttotheprovisionscontained in the TFSA endorsement to the Contract, a SunWiseEssentialSeriesIndividualAnnuityContractqualifiesforregistrationasaTFSA.

Ingeneral,iftheContractisregisteredasaTFSA,notaxispayableonincomeandcapitalgainsearnedbytheFundsandallocatedtoyourContractatthetimeitisearned.AtransferofthevalueofUnitsallocatedtoyourTFSAfromoneFundtoanotherFundwilloccuronataxdeferredbasis.

If you have a TFSA and your spouse or common-law partner isdesignated as sole beneficiary, upon your death he or she mayelect to become the successor Planholder of the TFSA with theability toexercise full ownership rightsunder theTFSA, includingto receive (or continue to receive) Annuity Payments. In all othercircumstances,theContractwillceasetoqualifyasaTFSAonyourdateofdeathandallincomeandcapitalgainsearnedbytheFundsand allocated to your Contract thereafter will be included in theincomeofyourbeneficiary.

I-6.4 Taxation – Non-Registered Contracts

A Fund does not distribute earnings. Net income is retained in theFundandbenefitsOwnersthroughanincreaseinthevalueoftheUnitsof the Fund.However, allocations in respectofall of the incomeandrealized capital gainsand capital lossesof aparticular Fundmust bemadetoOwnersasrequiredbylawandareincludedincomputingtheOwners’ income. Each year, you will be sent appropriate income taxslipsshowingyourpro-ratashareofincomeandcapitalgainsorcapitallossesinrespectoftheFunds.

Your interest ineachFundallocated toyourContract is treatedasaninterestinaseparatetrustforpurposesoftheIncomeTaxActandweassumeitwillbeheldbyyouascapitalproperty.Accordingly,youmayrealizeacapitalgainoracapitallossuponadispositionofallorpartof that interest. Under current tax legislation, one-half of any capitalgainwillbeataxablecapitalgainandwillbeincludedinyourincome.One-halfofanycapitallosswillbeanallowablecapitallosswhichmaybedeductedagainsttaxablecapitalgains,carriedbacktooffsettaxablecapitalgainsinanyoftheimmediatelythreeprecedingtaxationyears,or carried forward indefinitely to offset future taxable capital gains.Suchadispositionwouldbecausedbyapartialortotalwithdrawalorsurrender(includingaRedemptionofDSC-FreeUnitsinordertoreinvesttheproceedsinInitialSalesChargeUnits),orbyatransferofthevalueofUnits allocated to yourContract fromone Fund toanother Fund. IfyouchangeaGuaranteedBenefit,theresultingreclassificationofUnitsofoneClasstoUnitsofanotherClassofthesameFundwillnotbeadisposition for taxpurposesandyouwill not realizea capital gainorcapitallossasaresultofthereclassificationprovidedthatyoudonotsimultaneouslyRedeemDSC-FreeUnitsoftheFundinordertoreinvesttheproceedsinInitialSalesChargeUnitsoftheFund.

The capital gain or capital loss realized on the disposition on awithdrawal or surrender will be equal to the amount you receive foryourallocationofUnitsintheFund,orthatpartoftheallocationthatiswithdrawnorsurrendered,lesstheadjustedcostbaseofyourallocationor part allocation. The adjusted cost base of your allocation includes

theDepositsallocatedtotheFundandincomeandcapitalgainsofthatFund allocated to you. Your adjusted cost base is reduced by capitallossesoftheFundthatareallocatedtoyouandtheadjustedcostbaseofpreviouswithdrawalsorsurrenders.Acquisitionfees,whichincludeaDeferredSalesChargeoranInitialSalesChargeinrespectofaFund,arenotincludedintheadjustedcostbaseofyourallocationintheFundbutcanbedeductedbyyouasacapitallossintheyearyoudisposeofallorpartofanallocationintheFund.AllsuchcapitalgainsandlosseswillbereportedonT3SupplementaryslipspreparedbyCI.

The taxation of (a) the amount, if any, by which the Maturity Benefitexceeds the Total Contract Value on the Maturity Date, and (b) LWApayments made during the Guaranteed Payment Phase, is uncertainat this time. We will report the Guaranteed Benefit based on ourunderstandingofthetaxlegislationatthetimetheGuaranteedBenefitispayable.

ANon-RegisteredContractmaybeaqualifiedinvestmentforaRRIFtrustoranRRSPtrust.ProspectiveownersandotherpersonsshouldconsulttheirowntaxadviserswithrespecttothestatusoftheirContractasaqualifiedinvestmentintheirparticularcircumstances.

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I-22

SECTION I-7THE FUNDSI-7.1 Currently available Funds and their holdings

ThefollowingtableliststheFundscurrentlyavailableundertheContractandtheUnderlyingFundinwhicheachFundcurrentlyinvestsitsassets:

Fund Name Current Underlying Fund(s)

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund BlackCreekGlobalLeadersCorporateClass

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund BlackCreekInternationalEquityCorporateClass

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund CambridgeGlobalEquityCorporateClass

SunWiseEssentialCIGlobalSegregatedFund CIGlobalCorporateClass

SunWiseEssentialCIHarbourForeignEquitySegregatedFund HarbourForeignEquityCorporateClass

SunWiseEssentialCISynergyGlobalSegregatedFund SynergyGlobalCorporateClass

SunWiseEssentialDynamicGlobalValueSegregatedFund DynamicGlobalValueFund

SunWiseEssentialFidelityNorthStar®SegregatedFund FidelityNorthStar®Fund

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedFund SunLifeMFSGlobalGrowthFund

SunWiseEssentialSunLifeMFSGlobalValueSegregatedFund SunLifeMFSGlobalValueFund

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedFund SunLifeMFSInternationalGrowthFund

SunWiseEssentialSunLifeMFSInternationalValueSegregatedFund SunLifeMFSInternationalValueFund

SunWiseEssentialCIBlackCreekGlobalBalancedSegregatedFund BlackCreekGlobalBalancedCorporateClass

SunWiseEssentialCIHarbourForeignGrowth&IncomeSegregatedFund HarbourForeignGrowth&IncomeCorporateClass

SunWiseEssentialCISignatureGlobalIncome&GrowthSegregatedFund SignatureGlobalIncome&GrowthFund

SunWiseEssentialFidelityGlobalAssetAllocationSegregatedFund FidelityGlobalAssetAllocationFund

SunWiseEssentialSunLifeMFSGlobalTotalReturnSegregatedFund SunLifeMFSGlobalTotalReturnFund

SunWiseEssentialCIAmericanValueSegregatedFund CIAmericanValueCorporateClass

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund CambridgeAmericanEquityCorporateClass

SunWiseEssentialFidelityAmericanDisciplinedEquity®

SegregatedFund FidelityAmericanDisciplinedEquity®Fund

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedFund SunLifeMFSU.S.GrowthFund

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedFund SunLifeMFSU.S.ValueFund

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund CambridgeCanadianEquityCorporateClass

SunWiseEssentialCICanadianInvestmentSegregatedFund CICanadianInvestmentCorporateClass

SunWiseEssentialCIHarbourSegregatedFund HarbourCorporateClass

SunWiseEssentialCISignatureDividendSegregatedFund SignatureDividendCorporateClass

SunWiseEssentialCISignatureSelectCanadianSegregatedFund SignatureSelectCanadianCorporateClass

SunWiseEssentialCISynergyCanadianSegregatedFund SynergyCanadianCorporateClass

SunWiseEssentialDynamicCanadianValueSegregatedFund DynamicCanadianValueClass

SunWiseEssentialFidelityTrueNorth®SegregatedFund FidelityTrueNorth®Fund

SunWiseEssentialRBCCanadianDividendSegregatedFund RBCCanadianDividendFund

SunWiseEssentialCICambridgeCanadianAssetAllocationSegregatedFund CambridgeCanadianAssetAllocationCorporateClass

SunWiseEssentialCIHarbourGrowth&IncomeSegregatedFund HarbourGrowth&IncomeFund

SunWiseEssentialCISignatureCanadianBalancedSegregatedFund SignatureCanadianBalancedFund

SunWiseEssentialCISignatureIncome&GrowthSegregatedFund SignatureIncome&GrowthFund

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SunWiseEssentialFidelityCanadianAssetAllocationSegregatedFund FidelityCanadianAssetAllocationFund

SunWiseEssentialPortfolioSeriesBalancedGrowthSegregatedFund PortfolioSeriesBalancedGrowthFund

SunWiseEssentialPortfolioSeriesBalancedSegregatedFund PortfolioSeriesBalancedFund

SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund PortfolioSeriesConservativeBalancedFund

SunWiseEssentialPortfolioSeriesConservativeSegregatedFund PortfolioSeriesConservativeFund

SunWiseEssentialPortfolioSeriesGrowthSegregatedFund PortfolioSeriesGrowthFund

SunWiseEssentialPortfolioSeriesIncomeSegregatedFund PortfolioSeriesIncomeFund

SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund PortfolioSeriesMaximumGrowthFund

SunWiseEssentialCIAmericanValueSegregatedBundle CIAmericanValueCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle BlackCreekGlobalLeadersCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedBundle

BlackCreekInternationalEquityCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCICambridgeAmericanEquitySegregatedBundle CambridgeAmericanEquityCorporateClassandSignatureCorporateBondCorporateClass

SunWise EssentialCICambridgeCanadianEquityLowVolatilitySegregatedBundle

CambridgeCanadianEquityCorporateClassandSelectIncomeAdvantageManagedCorporateClass

SunWiseEssentialCICambridgeCanadianEquitySegregatedBundle CambridgeCanadianEquityCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle CambridgeGlobalEquityCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCICambridgeSegregatedDiversifiedBundle CambridgeCanadianEquityCorporateClassandSignatureHighIncomeCorporateClass

SunWiseEssentialCICanadianInvestmentSegregatedBundle CICanadianInvestmentCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCIGlobalSegregatedBundle CIGlobalCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCIHarbourLowVolatilitySegregatedBundle HarbourCorporateClassandSelectIncomeAdvantageManagedCorporateClass

SunWiseEssentialCIHarbourSegregatedBundle HarbourCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCIHarbourSegregatedDiversifiedBundle HarbourCorporateClassandSignatureHighIncomeCorporateClass

SunWiseEssentialCISignatureDividendSegregatedBundle SignatureDividendCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCISignatureSelectCanadianLowVolatilitySegregatedBundle

SignatureSelectCanadianCorporateClassandSelectIncomeAdvantageManagedCorporateClass

SunWiseEssentialCISignatureSelectCanadianSegregatedBundle SignatureSelectCanadianCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCISynergyCanadianSegregatedBundle SynergyCanadianCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialCISynergyGlobalSegregatedBundle SynergyGlobalCorporateClassandSignatureCorporateBondCorporateClass

SunWiseEssentialDynamicCanadianValueSegregatedBundle DynamicCanadianValueClass,DynamicGlobalDividendValueClassandDynamicCanadianBondFund

SunWiseEssentialDynamicGlobalValueSegregatedBundle DynamicGlobalValueFund,DynamicGlobalDividendValueClassandDynamicCanadianBondFund

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedBundle

FidelityAmericanDisciplinedEquity®FundandFidelityCanadianBondFund

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SunWiseEssentialFidelityDisciplinedSegregatedBundle FidelityCanadianDisciplinedEquityFund,FidelityCanadianBondFundandFidelityGlobalDisciplinedEquityFund

SunWiseEssentialFidelityNorthStar®SegregatedBundle FidelityNorthStar®FundandFidelityCanadianBondFund

SunWiseEssentialFidelityTrueNorth®SegregatedBundle FidelityTrueNorth®FundandFidelityCanadianBondFund

SunWiseEssentialRBCCanadianDividendSegregatedBundle RBCCanadianDividendFundandPhillips,Hager&NorthBondFund

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedBundle SunLifeMFSGlobalGrowthFundandSignatureCorporateBondFund

SunWiseEssentialSunLifeMFSGlobalValueSegregatedBundle SunLifeMFSGlobalValueFundandSignatureCorporateBondFund

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedBundle

SunLifeMFSInternationalGrowthFundandSignatureCorporateBondFund

SunWiseEssentialSunLifeMFSInternationalValueSegregatedBundle SunLifeMFSInternationalValueFundandSignatureCorporateBondFund

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle SunLifeMFSU.S.GrowthFundandSignatureCorporateBondFund

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedBundle SunLifeMFSU.S.ValueFundandSignatureCorporateBondFund

SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund QuotentialBalancedGrowthPortfolio

SunWiseEssentialFranklinTempletonQuotentialBalancedIncomeSegregatedFund QuotentialBalancedIncomePortfolio

SunWiseEssentialFranklinTempletonQuotentialCanadianGrowthSegregatedFund QuotentialCanadianGrowthPortfolio

SunWiseEssentialFranklinTempletonQuotentialDiversifiedIncomeSegregatedFund QuotentialDiversifiedIncomePortfolio

SunWiseEssentialFranklinTempletonQuotentialGlobalBalancedSegregatedFund QuotentialGlobalBalancedPortfolio

SunWiseEssentialFranklinTempletonQuotentialGlobalGrowthSegregatedFund QuotentialGlobalGrowthPortfolio

SunWiseEssentialFranklinTempletonQuotentialGrowthSegregatedFund QuotentialGrowthPortfolio

SunWiseEssentialFranklinTempletonQuotentialMaximumGrowthSegregatedFund QuotentialMaximumGrowthPortfolio

SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund SelectIncomeAdvantageManagedCorporateClass

SunWiseEssentialCISignatureCanadianBondSegregatedFund SignatureCanadianBondFund

SunWiseEssentialCISignatureCorporateBondSegregatedFund SignatureCorporateBondFund

SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund SignatureDiversifiedYieldCorporateClass

SunWiseEssentialCISignatureHighIncomeSegregatedFund SignatureHighIncomeFund

SunWiseEssentialSunLifeMcLeanBuddenCanadianBondSegregatedFund SunLifeMcLeanBuddenCanadianBondFund

SunWiseEssentialTDCanadianBondSegregatedFund TDCanadianBondFund

SunWiseEssentialCIMoneyMarketSegregatedFund CIMoneyMarketFund

AdditionalinformationconcerningeachFundiscontainedinitsFundFacts.Pastperformanceisnotindicativeoffuturereturns.

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I-7.2 Investment objectives and investment policies

BelowisasummaryoftheinvestmentobjectiveandinvestmentpolicyofeachFundanditsUnderlyingFund(s).

SunWise Essential CI Black Creek Global Leaders Segregated Fund

FundObjective Togeneratelong-termgrowthandincomebyinvestingprimarily inequitysecuritiesandfixed-incomesecuritiesofcompanieslocatedanywhereintheworld.

FundPolicy TheFundmay investdirectly insecuritiesor indirectly through theuseofUnderlyingFunds.At this timetheFundinvestsmostoftheassetsinthefollowingUnderlyingFund.

UnderlyingFund:Black Creek Global Leaders Corporate Class

UnderlyingFundObjective Togeneratelong-termgrowthofcapitalbyinvestinginsecuritiesofcompanieslocatedanywhereintheworld.

UnderlyingFundPolicy The fund invests in a diversified portfolio of high-quality, globally-competitive companies worldwide. Historicalanalysisoffinancialperformance,trendsandtechnologicalchangesinthebusiness,sensitivitiesofeconomicfactors,aswellasotherfactorswhichmayaffectthefutureeconomicsofthebusinessareallconsidered.Thefundstrivestoselectcompanieswithindustryleadership,strongmanagement,growingprofitsandpotentialforcapitalappreciation.

SunWise Essential CI Black Creek International Equity Segregated Fund

FundObjective Toseeklong-termcapitalgrowthbyinvestingprimarilyinequitysecuritiesofcompanieslocatedoutsideofCanadaandtheUnitedStates.


UnderlyingFund:�Black Creek International Equity Corporate Class

UnderlyingFundObjective Toseeklong-termcapitalgrowthbyinvestingprimarilyinequitysecuritiesofcompanieslocatedoutsideofCanadaandtheUnitedStates.

UnderlyingFundPolicy ThefundwillprimarilyinvestinaportfolioofequitysecuritiesofcompaniesdomiciledincountriesoutsideofCanadaandtheUnitedStates,includingcompanieslocatedinemergingmarkets.Itmayinvestinsmall,mediumandlargecompanies,andmayholdcashandcash-equivalentsecurities.Althoughdiversifiedbycountry,industryandcompany,thefund’sportfoliomayholdlargerpositionsinasmallernumberofsecurities.

SunWise Essential CI Cambridge Global Equity Segregated Fund

FundObjective Toachievemaximumlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Cambridge Global Equity Corporate Class

UnderlyingFundObjective Toachieve long-termcapitalgrowthby investing,directlyor indirectly,primarily inequitysecuritiesofcompanieslocatedanywhere in theworld. Indirect investmentsmay includeconvertible securities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.

UnderlyingFundPolicy Thefundinvests,directlyorindirectly,primarilyinequitysecuritiesofcompanieslocatedanywhereintheworld.Thefundmaymakeinvestmentsinanycountry,includingemergingmarketsoremergingindustriesofanymarketandmayinvestinothersecurities.Theportfolioadvisoridentifiescompaniesthatoffergoodvalueandthepotentialforgrowthintheirindustryandwillalsoconsiderfactorslikemarketpenetration,earningsestimatesandqualityofmanagement.

SunWise Essential CI Global Segregated Fund

FundObjective Toobtainmaximumlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:CI Global Corporate Class

UnderlyingFundObjective Toobtainmaximumlong-termcapitalgrowth.

UnderlyingFundPolicy It investsprimarily inequityandequity-relatedsecuritiesofestablishedcompanies throughout theworld that theportfolioadvisorbelieveshavegoodgrowthpotential.Thefundmaymakelargeinvestmentsinanycountry,includingemergingmarketsoremergingindustriesofanymarket.

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SunWise Essential CI Harbour Foreign Equity Segregated Fund

FundObjective Toobtainlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Harbour Foreign Equity Corporate Class

UnderlyingFundObjective Toobtainlong-termcapitalgrowthconsistentwiththepreservationofcapital.

UnderlyingFundPolicy Itinvestsprimarilyinequityandequity-relatedsecuritiesoflargeandmid-capitalizationcompaniesaroundtheworldthattheportfolioadvisorbelieveshavegoodpotentialforfuturegrowthandareattractivelypriced.Thefundwillmakeinvestmentschieflyinleadingindustrializednationsandmayfromtimetotimeinvestinemergingmarkets.

SunWise Essential CI Synergy Global Segregated Fund

FundObjective Toobtainlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofissuerslocatedindevelopedmarketsanywhereintheworld.


UnderlyingFund:Synergy Global Corporate Class

UnderlyingFundObjective Toobtainlong-termcapitalgrowthbyinvestingprimarilyinequityandequity-relatedsecuritiesofglobalmomentumcompaniessituatedindevelopedmarketsrepresentedintheMSCIWorldIndex–c$.

UnderlyingFundPolicy Thefundinvestsusingamomentumstyle.Momentummanagerslookforcompaniesthatarechangingforthebetterorwhoseunderlyingfundamentalsareimprovingmorerapidlythantheoverallstockmarket.Theytypicallyhaveashorterinvestmenthorizonthanothertypesoffundmanagers.Theyseektoberewardedbysignificantupwardmovementsinstockpricesthatcanoccurovershortertimeperiods.

SunWise Essential Dynamic Global Value Segregated Fund

FundObjective Toprovidelong-termcapitalgrowththroughexposuretoabroadlydiversifiedportfolioconsistingprimarilyofequityandequity-relatedsecuritiesofissuerslocatedoutsideofCanada.


UnderlyingFund:Dynamic Global Value Fund

UnderlyingFundObjective Toprovidelong-termcapitalgrowththroughinvestmentinabroadlydiversifiedportfolioconsistingprimarilyofequitysecuritiesofbusinessesbasedoutsideofCanada.

UnderlyingFundPolicy The fund invests in a broadly diversified portfolio consisting primarily of equity securities of businesses situatedoutsideofCanada.Basedontheportfolioadvisor’sviewoftheglobalcapitalmarkets,thefundmayinvestfromtimetotimeinalimitednumberofcountriesandareasoftheworld.Investmentanalysisforthisfundfollowsabottom-upapproach,whichemphasizescarefulcompanyspecificanalysis.Usingavalueinvestmentapproach,itinvestsincompaniesthatrepresentgoodvaluebasedoncurrentstockpricerelativetothecompany’sintrinsicvalue.

SunWise Essential Fidelity NorthStar® Segregated Fund

FundObjective Toachievemaximumlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Fidelity NorthStar® Fund

UnderlyingFundObjective Toachievemaximumlong-termcapitalgrowth.

UnderlyingFundPolicy Itinvestsprimarilyinequitysecuritiesofcompaniesanywhereintheworld.

SunWise Essential Sun Life MFS Global Growth Segregated Fund

FundObjective Toseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedanywhereintheworld.


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UnderlyingFund:Sun Life MFS Global Growth Fund

UnderlyingFundObjective Toseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedanywhereintheworldthatareconsideredtohaveabove-averageearninggrowthpotentialcomparedtootherissuers.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Thefundmay investarelatively largepercentageofthefund’sassets insecuritiesof issuers inasinglecountry,a smallnumberof countries,oraparticulargeographic region.The fundmay invest in companiesofanysizethatarelocatedanywhereintheworld,includingthoseinemergingmarkets.Quantitativemodelsmayalsobeconsidered.

SunWise Essential Sun Life MFS Global Value Segregated Fund

FundObjective Toseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Sun Life MFS Global Value Fund

UnderlyingFundObjective Toseekcapitalappreciation.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Itmayinvestincompaniesofanysizeanywhereintheworld,includingthoseinemergingmarkets.Itmayinvestarelativelylargepercentageofthefund’sassetsinsecuritiesofissuersinasinglecountry,asmallnumberofcountries,oraparticulargeographicregion.

SunWise Essential Sun Life MFS International Growth Segregated Fund

FundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuersoutsideofCanadaandtheUnitedStates.


UnderlyingFund: Sun Life MFS International Growth Fund

UnderlyingFundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuersoutsideofCanadaandtheUnitedStatesthatareconsideredtohaveabove-averageearninggrowthpotentialcomparedtootherissuers.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Thefundmay investarelatively largepercentageofthefund’sassets insecuritiesof issuers inasinglecountry,a smallnumberof countries,oraparticulargeographic region.The fundmay invest in companiesofanysizethatarelocatedanywhereintheworld,includingthoseinemergingmarkets.Quantitativemodelsmayalsobeconsidered.

SunWise Essential Sun Life MFS International Value Segregated Fund

FundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedoutsideofCanadaandtheUnitedStates.


UnderlyingFund:Sun Life MFS International Value Fund

UnderlyingFundObjective Toseekcapitalappreciationbyinvestinginequitysecuritiesofissuersitbelievesareundervaluedcomparedtotheirperceivedworth.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Thefundmayinvestincompaniesofanysize;mayinvestinemergingmarkets;mayinvestarelativelylargepercentageofthefund’sassetsinsecuritiesofissuersinasinglecountry,asmallnumberofcountries,oraparticulargeographicregion.

SunWise Essential CI Black Creek Global Balanced Segregated Fund

FundObjective Toseekthegrowthoflong-termtotalreturnbyinvestingprimarilyinequitysecuritiesofissuerslocatedanywhereintheworld.


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UnderlyingFund:Black Creek Global Balanced Corporate Class

UnderlyingFundObjective Toseeklong-termgrowthbyprimarilyinvestinginabalancedportfolioofequities,andfixedincomesecuritiesissuedbygovernments,supra-nationalagenciesorcorporationsanywhereintheworld.

UnderlyingFundPolicy The fund takes a long-term view of the world and strives to understand the economics and characteristics ofdifferentbusinessesandindustries.Theequityportionoftheportfolio invests inadiversifiedportfolioofglobally-competitivecompanieswithingrowingsectors.Thedebtportionofthefundinvestsprimarilyinadiversifiedportfolioofconvertibleandfixed incomeinvestments issuedbygovernments,corporationsandsupra-nationalorganizationsthroughouttheworld.

SunWise Essential CI Harbour Foreign Growth & Income Segregated Fund

FundObjective To obtain maximum long-term capital growth by obtaining exposure primarily to equity, equity-related and fixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Harbour Foreign Growth & Income Corporate Class

UnderlyingFundObjective Toobtainlong-termtotalreturnthroughaprudentbalanceofincomeandcapitalappreciation.

UnderlyingFundPolicy Itinvestsprimarilyinequityandequity-relatedsecuritiesandfixedincomesecuritiesofissuerslocatedthroughouttheworld.Thefundisnotlimitedtohowmuchitinvestsinacountryorassetclassorkeepsinvestedineachassetclass.Thiswillvaryaccordingtomarketconditions.

SunWise Essential CI Signature Global Income & Growth Segregated Fund

FundObjective Togenerateincomeandlong-termcapitalgrowthbygainingexposure,directlyorindirectly,inacombinationofequityandfixedincomesecuritiesofcompanieslocatedanywhereintheworld.Indirectinvestmentsmayincludeconvertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.


UnderlyingFund:Signature Global Income & Growth Fund

UnderlyingFundObjective Togenerateincomeandlong-termcapitalgrowthbyinvesting,directlyorindirectly,inacombinationofequityandfixed incomesecuritiesofcompanies locatedanywhere in theworld. Indirect investmentsmay includeconvertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.

UnderlyingFundPolicy Thisfundinvests,directlyorindirectly,inacombinationofequityandfixedincomesecuritiesofcompanieslocatedanywhereintheworld.Thefundisnotlimitedtohowmuchitinvestsinanysinglecountryorassetclass.Thiswillvaryaccordingtomarketconditions.Totheextentthefundinvestsinequitysecurities,thesewillincludepreferredandcommonsharesthatarediversifiedbysectorandstyle.Investmentsinfixedincomesecuritiesmayconsistofhighyieldinggovernmentandcorporatebonds,debentures,loansandnotes.Thismayincludesecuritiesthatareunratedorhaveacreditratingbelowinvestmentgrade.Thetermtomaturityofthesecuritieswillvarydependingontheportfolioadvisor’soutlookforinterestrates.

SunWise Essential Fidelity Global Asset Allocation Segregated Fund

FundObjective Toachievehigh total investment returnbyobtainingexposureprimarily toequity,equity-relatedandfixed incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund: Fidelity Global Asset Allocation Fund

UnderlyingFundObjective Toachievehightotalinvestmentreturn.

UnderlyingFundPolicy Thefundusesanassetallocationapproach.Itinvestsprimarilyinamixofequitysecurities,fixed-incomesecuritiesandmoneymarketinstrumentsfromaroundtheworld.

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SunWise Essential Sun Life MFS Global Total Return Segregated Fund

FundObjective To seek total return by investing primarily in a mix of equity securities and debt instruments of issuers locatedanywhereintheworld.


UnderlyingFund:Sun Life MFS Global Total Return Fund

UnderlyingFundObjective Toseektotalreturnbyinvestinginacombinationofequitysecuritiesanddebtinstrumentswith40%to75%ofthefund’sassetsinequitysecuritiesandatleast25%ofthefund’sassetsindebtinstruments.Itfocusesthefund’sequityportfolioonequitysecuritiesofissuerslocatedanywhereintheworldthatitbelievesareundervaluedcomparedtotheirperceivedworth.Itfocusesthefund’sdebtportfolioondebtinstrumentsratedinvestmentgradebutmayalsoinvestinnon-investmentgradesecurities.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.

SunWise Essential CI American Value Segregated Fund

FundObjective Toachievelong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofissuerslocatedintheUnitedStates.


UnderlyingFund:CI American Value Corporate Class

UnderlyingFundObjective To achieve long-term capital growth by investing primarily in a broadly diversified portfolio of American equitysecurities.

UnderlyingFundPolicy Toachieveitsobjective,theportfolioadvisor:

•investsprimarilyincommonsharesoflargerUnitedStatescompanies;

•uses a disciplined value style. The portfolio advisor focuses on companies that are considered undervalued inrelation to their futureprospectsandoffergoodabsoluteand relativevalueascharacterizedbymeasuressuchaslowerthanaverageprice/bookandprice/earnings,andhigher-than-averagedividendyieldascomparedtotheoverallmarket;

•usesadisciplined,bottom-upstockselectionprocesstoevaluateacompany’scurrentpositionandfutureprospects;

•mayinvestincompanieslocatedoutsideoftheUnitedStates;

•mayinvestincorporatedebtand/orconvertiblesecurities.

SunWise Essential CI Cambridge American Equity Segregated Fund

FundObjective Toobtainabove-average long-termcapital growthby investingprimarily inequityandequity-related securitiesofcompaniesintheUnitedStates.


UnderlyingFund:Cambridge American Equity Corporate Class

UnderlyingFundObjective Toobtainabove-average long-termcapital growthby investingprimarily inequityandequity-related securitiesofcompaniesintheUnitedStates.

UnderlyingFundPolicy Itinvestsprimarilyinequityandequity-relatedsecuritiesofcompaniesintheUnitedStates.

SunWise Essential Fidelity American Disciplined Equity® Segregated Fund

FundObjective Toachievelong-termcapitalgrowthbyinvestinginequitysecuritiesofUnitedStatescompanies.


UnderlyingFund:Fidelity American Disciplined Equity® Fund

UnderlyingFundObjective Toachievelong-termcapitalgrowth.

UnderlyingFundPolicy It invests primarily in equity securities of United States companies in approximately the same proportions as thesectorsoftheS&P500index.

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SunWise Essential Sun Life MFS U.S. Growth Segregated Fund

FundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedintheUnitedStates.


UnderlyingFund:Sun Life MFS U.S. Growth Fund

UnderlyingFundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedintheUnitedStatesthatareconsideredtohaveabove-averageearninggrowthpotentialcomparedtoothercompanies.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Thefundmayinvestincompaniesofanysizeandmayinvestupto20%ofthefund’sassetsinnon-UnitedStatesforeignsecurities.Quantitativemodelsmayalsobeconsidered.

SunWise Essential Sun Life MFS U.S. Value Segregated Fund

FundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofcompanieswithlargemarketcapitalizationslocatedintheUnitedStates.


UnderlyingFund:Sun Life MFS U.S. Value Fund

UnderlyingFundObjective To seek capital appreciation by investing in equity securities of primarily large capitalizations companies that itbelievesareundervaluedcomparedtotheirperceivedworth.

UnderlyingFundPolicy Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Thefundmayalsoinvestupto20%ofthefund’sassetsinnon-UnitedStatesforeignsecurities.

SunWise Essential CI Cambridge Canadian Equity Segregated Fund

FundObjective Toobtainlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofCanadianissuers.


UnderlyingFund:Cambridge Canadian Equity Corporate Class

UnderlyingFundObjective To achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of Canadiancompanies. Indirect investments may include convertible securities, derivatives, equity-related securities andsecuritiesofothermutualfunds.

UnderlyingFundPolicy Thefundinvests,directlyorindirectly,primarilyinequitysecuritiesofCanadiancompanies.Upto49%ofthefund’sassetsmaybeinvestedinothertypesofsecuritiesandforeignsecurities.Theportfolioadvisoridentifiescompaniesthat offer good value and the potential for growth in their industry and will also consider factors like marketpenetration,earningsestimatesandqualityofmanagement.

SunWise Essential CI Canadian Investment Segregated Fund

FundObjective To achieve long-term capital growth by obtaining exposure primarily to equity and equity-related securities ofCanadianissuers.


UnderlyingFund:CI Canadian Investment Corporate Class

UnderlyingFundObjective Toachievelong-termcapitalgrowthbyinvestingprimarilyinsharesofmajorCanadiancompanies.

UnderlyingFundPolicy Toachieveitsobjective,theportfolioadvisor:

•investsprimarilyinthesecuritiesofthelargestcompanies(bycapitalization)listedontheTorontoStockExchange;

•managesinadisciplinedvaluestyle,focusingoncompaniesthatareconsideredtobeundervaluedinrelationtotheirfutureprospectsandoffergoodabsoluteandrelativevaluecharacterizedbymeasuressuchaslower-than-averageprice/bookandprice/earnings,andhigher-than-averagedividendyield;

•uses a disciplined, bottom-up stock selection process to evaluate a company’s current position andfutureprospects;

•mayinvestinforeignsecurities.

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SunWise Essential CI Harbour Segregated Fund

FundObjective Toobtainmaximumlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofCanadianissuers.


UnderlyingFund:Harbour Corporate Class

UnderlyingFundObjective Toobtainmaximumlong-termcapitalgrowth.

UnderlyingFundPolicy It invests primarily in equity and equity-related securities of high quality, large and mid-capitalization Canadiancompaniesthattheportfolioadvisorbelieveshavegoodpotentialforfuturegrowth.

SunWise Essential CI Signature Dividend Segregated Fund

FundObjective Togenerateahighlevelofdividendincomeandtopreservecapitalbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofCanadianissuers.


UnderlyingFund:Signature Dividend Corporate Class

UnderlyingFundObjective Togenerateahighlevelofdividendincomeandtopreservecapital.

UnderlyingFundPolicy ItinvestsprimarilyinpreferredsharesanddividendpayingcommonsharesofCanadiancompanies.Itmayalsoinvestinothercommonshares,fixedincomesecuritiesandincometrusts.Thefundmayalsoinvestinforeignsecurities.

SunWise Essential CI Signature Select Canadian Segregated Fund

FundObjective To seek capital appreciation over the long-term coupled with dividend income by obtaining exposure primarily toequityandequity-relatedsecuritiesofCanadianissuers.


UnderlyingFund:Signature Select Canadian Corporate Class

UnderlyingFundObjective Toseekcapitalappreciationoverthelong-termcoupledwithdividendincome.

UnderlyingFundPolicy ItinvestsprimarilyincommonsharesandconvertiblesecuritiesofCanadiancompaniesandpreferredsharesthatpayregularincome.Thefund’sinvestmentsarediversifiedacrossindustrysectors.

SunWise Essential CI Synergy Canadian Segregated Fund

FundObjective Toseeklong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofCanadianissuers.


UnderlyingFund:Synergy Canadian Corporate Class

UnderlyingFundObjective Toseeklong-termcapitalgrowthbyinvestingprimarilyinequityandequity-relatedsecuritiesofCanadiancompaniesthatrepresentthegrowthstyle.Thefundmayalsoinvestinforeignsecurities.

UnderlyingFundPolicy TheUnderlyingFundinvestsusingamomentumstyle.Momentummanagersinvestincompaniesthatarechangingforthebetterandwhoseunderlyingfundamentalsareimprovingmorerapidlythantheoverallstockmarket.Theytypicallyhaveashorterinvestmenthorizonthanothertypesoffundmanagers.Theyseektoberewardedbysignificantupwardmovementsinstockpricesthatcanoccurovershortertimeperiods.

SunWise Essential Dynamic Canadian Value Segregated Fund

FundObjective Toachievelong-termcapitalgrowthbyinvestingprimarilyinequitysecuritiesofCanadianbusinesses.


UnderlyingFund:Dynamic Canadian Value Class

UnderlyingFundObjective Toachievelong-termcapitalgrowthbyinvestingprimarilyinequitysecuritiesofCanadianbusinesses.

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UnderlyingFundPolicy Investmentanalysisforthisfundfollowsabottom-upapproach,whichemphasizescarefulcompanyspecificanalysis.Usingavalueinvestmentapproach,thisfundinvestsincompaniesthatrepresentgoodvaluebasedoncurrentstockpricerelativetothecompany’sintrinsicvalue.Techniquessuchasfundamentalanalysisareusedtoassessgrowthandvaluepotential.Thismeansevaluatingthefinancialconditionandmanagementofeachcompany,itsindustryandtheoveralleconomy.Aspartofthisevaluation,theportfolioadvisermay:

•Analyzefinancialdataandotherinformationsources;

•Assessthequalityofmanagement;and

•Conductcompanyinterviews,wherepossible.

SunWise Essential Fidelity True North® Segregated Fund

FundObjective Toobtainlong-termcapitalgrowthbyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofCanadianissuers.


UnderlyingFund:Fidelity True North® Fund

UnderlyingFundObjective Toobtainlong-termcapitalgrowth.

UnderlyingFundPolicy ItinvestsprimarilyinequitysecuritiesofCanadiancompanies.

SunWise Essential RBC Canadian Dividend Segregated Fund

FundObjective Toachievelong-termtotalreturnsconsistingofdividendincomeandregularandmodestlong-termcapitalgrowth.TheFundinvestsprimarilyincommonandpreferredsharesofmajorcompanieswithaboveaveragedividendyields.


UnderlyingFund:RBC Canadian Dividend Fund

UnderlyingFundObjective Toachievelong-termtotalreturnsconsistingof:

•regulardividendincome,whichbenefitsfromthepreferentialtaxtreatmentgiventodividendincome;and

•modest long-termcapitalgrowth.Thefund investsprimarily incommonandpreferredsharesofmajorCanadiancompanieswithaboveaveragedividendyields.

UnderlyingFundPolicy Thefund’sinvestmentprocessisprimarilybasedonfundamentalresearch,althoughtheportfoliomanagerwillalsoconsiderquantitativeandtechnicalfactors.Stockselectiondecisionsareultimatelybasedonanunderstandingofthecompany,itsbusinessanditsoutlook.

SunWise Essential CI Cambridge Canadian Asset Allocation Segregated Fund

FundObjective Toachieveasuperiortotalrateofreturnbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofCanadianissuers.


UnderlyingFund:Cambridge Canadian Asset Allocation Corporate Class

UnderlyingFundObjective Toachieveasuperiortotalinvestmentreturnbyinvesting,directlyorindirectly,inacombinationofprimarilyCanadianequityandfixedincomesecurities.Indirectinvestmentsmayincludeconvertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.

UnderlyingFundPolicy The fund invests,directlyor indirectly,primarily inCanadianequityandfixed incomesecurities.Up to49%of thefund’sassetsmaybeinvestedinothertypesofsecuritiesandforeignsecurities.Toachievethefund’sobjective,theportfolioadvisor:

•activelymanagesthefundusingequity,fixedincomeinstruments,andcashandcashequivalents.Thefundisnotlimitedtohowmuchitinvestsineachassetclass.Thiswillvaryaccordingtomarketconditions.

•investsmainlyinCanadianstocksfortheequityportionoftheportfolio,relyingonadisciplined,bottom-upstockselectionprocesstoevaluateacompany’scurrentpositionandfutureprospectus;

•investsmainlyinhighqualitygovernmentandcorporateissuesforthebondportionoftheportfolio.

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SunWise Essential CI Harbour Growth & Income Segregated Fund

FundObjective Toobtainlong-termtotalreturnbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofCanadianissuers.


UnderlyingFund:Harbour Growth & Income Fund

UnderlyingFundObjective Toobtainlong-termtotalreturnthroughaprudentbalanceofincomeandcapitalappreciation.

UnderlyingFundPolicy Itinvestsprimarilyinequityandequity-relatedsecuritiesofmid-to-largecapitalizationCanadiancompaniesandfixedincomesecuritiesissuedbyCanadiangovernmentsandcompanies.Theproportionofthefund’sassetsinvestedinequityandfixedincomesecuritiesmayvaryaccordingtomarketconditions.

SunWise Essential CI Signature Canadian Balanced Segregated Fund

FundObjective Toachieveanattractivetotalreturn,consistingofincomeandcapitalgains.ItinvestsprimarilyinamixofCanadianequityandequity-relatedsecuritiesandfixedincomesecurities.


UnderlyingFund:Signature Canadian Balanced Fund

UnderlyingFundObjective Toachieveanattractivetotalreturn,consistingofincomeandcapitalgains.

UnderlyingFundPolicy It investsprimarily inamixofCanadianequityandequity-relatedsecuritiesandfixed incomesecurities.Thefundisnotlimitedtohowmuchit investsorkeepsinvestedineachassetclass.Themixmayvaryaccordingtomarketconditions.

SunWise Essential CI Signature Income & Growth Segregated Fund

FundObjective Toprovideasteadyflowofcurrentincomewhilepreservingcapitalbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofCanadianissuers.


UnderlyingFund:Signature Income & Growth Fund

UnderlyingFundObjective Toprovideasteadyflowofcurrentincomewhilepreservingcapitalbyinvestinginadiversifiedportfolioofsecuritiescomposedmainlyofequity,equity-relatedandfixedincomesecuritiesofCanadianissuers.Thefundmayalsoinvestinforeignsecurities.

UnderlyingFundPolicy Itinvestsinacombinationofequity,fixedincomeandderivatives.Thefundisnotlimitedtohowmuchitinvestsineachassetclass.Totheextentthefundinvestsinequitysecurities,thesewillincludepreferredandcommonsharesbroadlydiversifiedbysectorandstyle.Fixedincomemayconsistofhigh-yieldinggovernmentandcorporatebonds,debenturesandnotes.Thismayincludesecuritiesthatareunratedorhavecreditratingbelowinvestmentgrade.Thetermtomaturityofthesecuritieswillvarydependingontheportfolioadvisor’soutlookforinterestrates.Thefundmayalsogenerateincomebyinvestinginrealestateinvestmenttrusts(REITs),royaltytrusts,incometrustsandothersimilarhighyieldinginstruments.Theportfolioadvisorwillseektoproduceadditionalincomethroughcoveredcallwritingandotherderivativestrategies.

SunWise Essential Fidelity Canadian Asset Allocation Segregated Fund

FundObjective Toachievehightotalinvestmentreturnsbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofCanadianissuers.


UnderlyingFund:Fidelity Canadian Asset Allocation Fund

UnderlyingFundObjective Toachievehightotalinvestmentreturns.

UnderlyingFundPolicy Thefundusesanassetallocationapproach.ItinvestsprimarilyinamixofCanadianequitysecurities,fixedincomesecuritiesandmoneymarketinstruments.

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SunWise Essential Portfolio Series Balanced Growth Segregated Fund

FundObjective Toprovide long-termcapitalgrowthwithamoderate levelof riskandvolatilitybyobtainingexposureprimarily toequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Portfolio Series Balanced Growth Fund

UnderlyingFundObjective Toprovidelong-termcapitalgrowthwithamoderatelevelofriskandvolatilitybyinvestingdirectlyinothermutualfundsmanagedbyCIInvestmentsInc.

UnderlyingFundPolicy The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfoliodiversifiedby investmentstyle,assetclassandgeographicregion.Thisgenerally includesCanadianequity,UnitedStates equity, international equity, Canadian fixed income and global fixed income securities. In determining thefund’stargetassetallocations,theportfolioadvisorconsiders,amongotherfactors,eachunderlyingmutualfund’sinvestmentobjectiveandstrategies,pastperformanceandhistoricalvolatilityinthecontextofadiversifiedholdingofunderlyingmutualfundssuitablefortheinvestmentobjectiveofthefund.

SunWise Essential Portfolio Series Balanced Segregated Fund

FundObjective Toprovideabalancebetweenincomeandlong-termcapitalgrowthbyobtainingexposuretoequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Portfolio Series Balanced Fund

UnderlyingFundObjective Toprovideabalancebetweenincomeandlong-termcapitalgrowthwhilediversifyingriskbyinvestinginincomeandequitymutualfunds.


SunWise Essential Portfolio Series Conservative Balanced Segregated Fund

FundObjective Toprovideaconservativetotal returnwith lowerthanaveragevolatilitybyobtainingexposureprimarily toequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Portfolio Series Conservative Balanced Fund

UnderlyingFundObjective ToprovideaconservativetotalreturnwithlowerthanaveragevolatilitybyinvestingdirectlyinothermutualfundsmanagedbyCIInvestmentsInc.

UnderlyingFundPolicy The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfoliodiversifiedby investmentstyle,assetclassandgeographicregion.Thisgenerally includesCanadianequity,UnitedStatesequity,internationalequity,Canadianfixedincomeandglobalfixedincomesecurities.

SunWise Essential Portfolio Series Conservative Segregated Fund

FundObjective To provide a balance between income and capital growth at lower than average levels of volatility by obtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Portfolio Series Conservative Fund

UnderlyingFundObjective Toprovideabalancebetweenincomeandcapitalgrowthat lowerthanaveragelevelsofvolatilityby investing inincomeandequitymutualfunds.

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SunWise Essential Portfolio Series Growth Segregated Fund

FundObjective To provide long-term capital growth by obtaining exposure primarily to equity, equity-related and fixed incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Portfolio Series Growth Fund

UnderlyingFundObjective Toprovidelong-termcapitalgrowthbyinvestingdirectlyinothermutualfundsmanagedbyCIInvestmentsInc.


SunWise Essential Portfolio Series Income Segregated Fund

FundObjective Toseekincomeandmodestcapitalappreciationbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund: Portfolio Series Income Fund

UnderlyingFundObjective To emphasize income by investing primarily in income-oriented mutual funds. The fund may also invest in equitymutualfundstoachievemodestcapitalappreciation.


SunWise Essential Portfolio Series Maximum Growth Segregated Fund

FundObjective Toprovideabove-averagelong-termcapitalgrowthbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Portfolio Series Maximum Growth Fund

UnderlyingFundObjective To provide above-average long-term capital growth by investing directly in other mutual funds managed by CIInvestmentsInc.

UnderlyingFundPolicy The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfoliodiversifiedby investmentstyle,assetclassandgeographicregion.Thisgenerally includesCanadianequity,UnitedStates equity and international equity securities. In determining the fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’s investment objective and strategies, pastperformanceandhistoricalvolatilityinthecontextofadiversifiedholdingofunderlyingmutualfundssuitablefortheinvestmentobjectiveofthefund.

SunWise Essential CI American Value Segregated Bundle

FundObjective Toobtainlong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequityandequity-relatedsecuritiesof high quality undervalued companies in the United States. It also invests in fixed-income securities that areinvestmentgradeorbelowinvestmentgradeofissuerslocatedanywhereintheworld.

FundPolicy TheFundmay investdirectly insecuritiesor indirectly through theuseofUnderlyingFunds.At this timetheFundinvestsmostoftheassetsinthefollowingUnderlyingFunds.

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UnderlyingFunds: CI American Value Corporate Class and Signature Corporate Bond Corporate Class

ObjectivesoftheUnderlyingFunds

CI� American� Value� Corporate� Class: To achieve long-term capital growth by investing primarily in a broadlydiversifiedportfolioofAmericanequitysecurities.

Signature�Corporate�Bond�Corporate�Class:�Toachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.

PoliciesoftheUnderlyingFunds

CI�American�Value�Corporate�Class:�Toachieveitsobjective,theportfolioadvisor:

•investsprimarilyincommonsharesoflargerUnitedStatescompanies;

•uses a disciplined value style. The portfolio advisor focuses on companies that are considered undervalued inrelation to their futureprospectsandoffergoodabsoluteand relativevalueascharacterizedbymeasuressuchaslowerthanaverageprice/bookandprice/earnings,andhigher-than-averagedividendyieldascomparedtotheoverallmarket;


•mayinvestincompanieslocatedoutsideoftheUnitedStates;

•mayinvestincorporatedebtand/orconvertiblesecurities.

Signature�Corporate�Bond�Corporate�Class:�Thefund’sinvestmentobjectiveistoachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.

SunWise Essential CI Black Creek Global Leaders Segregated Bundle

SegregatedFundObjective To generate long-term capital growth and income by investing primarily in equity securities and fixed-incomesecuritiesofcompanieslocatedanywhereintheworld.

SegregatedFundPolicy TheFundmay investdirectly insecuritiesor indirectly through theuseofUnderlyingFunds.At this timetheFundinvestsmostoftheassetsinthefollowingUnderlyingFunds.

UnderlyingFunds:Black Creek Global Leaders Corporate Class and Signature Corporate Bond Corporate Class


Black�Creek�Global�Leaders�Corporate�Class:Togeneratelong-termgrowthofcapitalbyinvestinginsecuritiesofcompanieslocatedanywhereintheworld.

Signature�Corporate�Bond�Corporate�Class:Toachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.


Black�Creek�Global�Leaders�Corporate�Class:�Thefundinvestsinadiversifiedportfolioofhigh-quality,globally-competitivecompaniesworldwide.Historicalanalysisoffinancialperformance,trendsandtechnologicalchangesinthebusiness,sensitivitiesofeconomic factors,aswellasother factorswhichmayaffect the futureeconomicsofthebusinessareallconsidered.Thefundstrivestoselectcompanieswithindustryleadership,strongmanagement,growingprofitsandpotentialforcapitalappreciation.

Signature�Corporate�Bond�Corporate�Class:�Theportfolioadvisorselectssecuritieswhosefundamentalvalueitbelievesisnotreflectedintheircreditratingsandyields.Itfirstidentifiescompaniesthathavethelong-termabilitytogeneratesufficientmoneytoservicetheirdebtandreinvestintheirbusiness.Theportfolioadvisoralsoconsiderstheimpactofeconomictrendsoninterestratesandeconomicgrowth.

SunWise Essential CI Black Creek International Equity Segregated Bundle

SegregatedFundObjective Toseeklong-termcapitalgrowthandincomebyinvestingprimarilyinequitysecuritiesandfixed-incomesecuritiesofcompanieslocatedworldwide.

SegregatedFundPolicy TheFundmay investdirectly insecuritiesor indirectly through theuseofUnderlyingFunds.At this timetheFundinvestsmostoftheassetsinthefollowingUnderlyingFunds.

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UnderlyingFunds:Black Creek International Equity Corporate Class and Signature Corporate Bond Corporate Class


Black� Creek� International� Equity� Corporate� Class:� To seek long-term capital growth by investing primarily inequitysecuritiesofcompanieslocatedworldwide.



Black�Creek�International�Equity�Corporate�Class:�Thefundwillprimarilyinvestinaportfolioofequitysecuritiesof companies domiciled in countries outside of Canada and the United States, including companies located inemerging markets. It may invest in small, medium and large companies, and may hold cash and cash-equivalentsecurities.Althoughdiversifiedbycountry,industryandcompany,thefund’sportfoliomayholdlargerpositionsinasmallernumberofsecurities.

Signature�Corporate�Bond�Corporate�Class:Theportfolioadvisorselectssecuritieswhosefundamentalvalueitbelievesisnotreflectedintheircreditratingsandyields.Itfirstidentifiescompaniesthathavethelong-termabilitytogeneratesufficientmoneytoservicetheirdebtandreinvestintheirbusiness.Theportfolioadvisoralsoconsiderstheimpactofeconomictrendsoninterestratesandeconomicgrowth.

SunWise Essential CI Cambridge American Equity Segregated Bundle

FundObjective To obtain above-average long-term capital growth and income by investing primarily in equity and equity-relatedsecuritiesofcompaniesintheUnitedStates.


UnderlyingFunds:Cambridge American Equity Corporate Class and Signature Corporate Bond Corporate Class


Cambridge� American� Equity� Corporate� Class:� To obtain above-average long-term capital growth by investingprimarilyinequityandequity-relatedsecuritiesofcompaniesintheUnitedStates.



Cambridge� American� Equity� Corporate� Class: It invests primarily in equity and equity-related securities ofcompaniesintheUnitedStates.

Signature�Corporate�Bond�Corporate�Class:Thefund’sinvestmentobjectiveistoachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.

SunWise Essential CI Cambridge Canadian Equity Low Volatility Segregated Bundle

FundObjective Togeneratelong-termcapitalgrowthandincomewithlowerthanaveragevolatilitybyobtainingexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Cambridge Canadian Equity Corporate Class and Select Income Advantage Managed Corporate Class


Cambridge� Canadian� Equity� Corporate� Class: To achieve long-term capital growth by investing, directly orindirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.

Select�Income�Advantage�Managed�Corporate�Class:Toprovideexposuretoadiversifiedportfolioofincome-generatingsecuritiesinamannerthatissimilartoholdingmultipleincome-generatingfunds.


Cambridge�Canadian�Equity�Corporate�Class:Thefundinvests,directlyorindirectly,primarilyinequitysecuritiesofCanadian companies.Up to49%of the fund’s assetsmaybe invested inother typesof securitiesand foreignsecurities. The portfolio advisor identifies companies that offer good value and the potential for growth in theirindustryandwillalsoconsiderfactorslikemarketpenetration,earningsestimatesandqualityofmanagement.

Select� Income� Advantage� Managed� Corporate� Class:� The fund invests primarily in investment grade fixedincomesecuritiesissuedbygovernmentsandcorporationsinCanadaandglobally.Thefundmayinvestupto50%inotherincomegeneratingsecuritiessuchaspreferredshares,commonsharesandrealestateinvestmenttrusts.

SunWise Essential CI Cambridge Canadian Equity Segregated Bundle

FundObjective Togenerate long-termcapital growthand incomewithamoderate riskbyobtainingexposureprimarily toequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Cambridge Canadian Equity Corporate Class and Signature Corporate Bond Corporate Class


Cambridge� Canadian� Equity� Corporate� Class:� To achieve long-term capital growth by investing, directly orindirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.



Cambridge�Canadian�Equity�Corporate�Class:�Thefundinvests,directlyorindirectly,primarilyinequitysecuritiesofCanadian companies.Up to49%of the fund’s assetsmaybe invested inother typesof securitiesand foreignsecurities. The portfolio advisor identifies companies that offer good value and the potential for growth in theirindustryandwillalsoconsiderfactorslikemarketpenetration,earningsestimatesandqualityofmanagement.


SunWise Essential CI Cambridge Global Equity Segregated Bundle

FundObjective Toachievelong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequity,equity-relatedandfixed-incomesecurities.Itinvestsinsecuritiesthatarelocatedanywhereintheworld.


UnderlyingFunds:Cambridge Global Equity Corporate Class and Signature Corporate Bond Corporate Class


Cambridge�Global�Equity�Corporate�Class:�Toachievelong-termcapitalgrowthbyinvesting,directlyorindirectly,primarilyinequitysecuritiesofcompanieslocatedanywhereintheworld.Indirectinvestmentsmayincludeconvertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.



Cambridge�Global�Equity�Corporate�Class:Thefundinvests,directlyorindirectly,primarilyinequitysecuritiesofcompanieslocatedanywhereintheworld.Thefundmaymakeinvestmentsinanycountry,includingemergingmarketsoremergingindustriesofanymarketandmayinvestinothersecurities.Theportfolioadvisoridentifiescompaniesthatoffergoodvalueandthepotentialforgrowthintheirindustryandwillalsoconsiderfactorslikemarketpenetration,earningsestimatesandqualityofmanagement.


SunWise Essential CI Cambridge Segregated Diversified Bundle

FundObjective Toprovidelong-termcapitalgrowthandincomebyobtainingadiversifiedexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


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UnderlyingFunds:Cambridge Canadian Equity Corporate Class and Signature High Income Corporate Class


Cambridge� Canadian� Equity� Corporate� Class:� To achieve long-term capital growth by investing, directly orindirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertiblesecurities,derivatives,equity-relatedsecuritiesandsecuritiesofothermutualfunds.

Signature�High�Income�Corporate�Class:�Togenerateahighlevelofincomeandlong-termcapitalgrowth.


Cambridge�Canadian�Equity�Corporate�Class:Thefundinvests,directlyorindirectly,primarilyinequitysecuritiesofCanadian companies.Up to49%of the fund’s assetsmaybe invested inother typesof securitiesand foreignsecurities. The portfolio advisor identifies companies that offer good value and the potential for growth in theirindustryandwillalsoconsiderfactorslikemarketpenetration,earningsestimatesandqualityofmanagement.

Signature� High� Income� Corporate� Class:� It invests primarily in high-yielding equity securities and Canadiancorporatebonds.Theportfolioadvisorwillactivelymanagetheequity,fixedincome,andcashcomponentsofthefund.Theportfolioadvisormaychoosetoinvestinforeignsecurities.

SunWise Essential CI Canadian Investment Segregated Bundle

FundObjective Toobtainlong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequitysecuritiesofmajorCanadiancorporations.Italsoinvestsinfixed-incomesecuritiesthatareinvestmentgradeorbelowinvestmentgradeofissuerslocatedanywhereintheworld.


UnderlyingFunds:CI Canadian Investment Corporate Class and Signature Corporate Bond Corporate Class


CI�Canadian�Investment�Corporate�Class:�Toachievelong-termcapitalgrowthbyinvestingprimarilyinsharesofmajorCanadiancompanies.



CI�Canadian�Investment�Corporate�Class:Toachieveitsobjective,theportfolioadvisor:

•investsprimarilyinthesecuritiesofthelargestcompanies(bycapitalization)listedontheTorontoStockExchange;

•managesinadisciplinedvaluestyle,focusingoncompaniesthatareconsideredtobeundervaluedinrelationtotheirfutureprospectsandoffergoodabsoluteandrelativevaluecharacterizedbymeasuressuchaslower-than-averageprice/bookandprice/earnings,andhigher-than-averagedividendyield;


•mayinvestinforeignsecurities.


SunWise Essential CI Global Segregated Bundle

FundObjective Toobtainlong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofestablishedcompaniesoutsideofCanada.Italsoinvestsinfixed-incomesecuritiesthatareinvestmentgradeorbelowinvestmentgradeofissuerslocatedanywhereintheworld.


UnderlyingFunds:CI Global Corporate Class and Signature Corporate Bond Corporate Class


CI�Global�Corporate�Class:�Toobtainmaximumlong-termcapitalgrowth.


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CI� Global� Corporate� Class:� It invests primarily in equity and equity-related securities of established companiesthroughout the world that the portfolio advisor believes have good growth potential. The fund may make largeinvestmentsinanycountry,includingemergingmarketsoremergingindustriesofanymarket.


SunWise Essential CI Harbour Low Volatility Segregated Bundle

FundObjective Toprovidelong-termcapitalgrowthandincomewithlowerthanaveragevolatilitybyobtainingexposureprimarilytoequity,equityrelatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Harbour Corporate Class and Select Income Advantage Managed Corporate Class


Harbour�Corporate�Class:�Toobtainmaximumlong-termcapitalgrowth.

Select�Income�Advantage�Managed�Corporate�Class:Toprovideexposuretoadiversifiedportfolioofincome-generatingsecuritiesinamannerthatissimilartoholdingmultipleincome-generatingfunds.


Harbour�Corporate�Class:Itinvestsprimarilyinequityandequity-relatedsecuritiesofhighquality,largeandmid-capitalizationCanadiancompaniesthattheportfolioadvisorbelieveshavegoodpotentialforfuturegrowth.

Select� Income� Advantage� Managed� Corporate� Class: It invests primarily in investment grade fixed incomesecuritiesissuedbygovernmentsandcorporationsinCanadaandglobally.Thefundmayinvestupto50%inotherincomegeneratingsecuritiessuchaspreferredshares,commonsharesandrealestateinvestmenttrusts.

SunWise Essential CI Harbour Segregated Bundle

FundObjective Toprovidelong-termcapitalgrowthandincomewithlowtomoderatevolatilitybyobtainingexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Harbour Corporate Class and Signature Corporate Bond Corporate Class







SunWise Essential CI Harbour Segregated Diversified Bundle

FundObjective Togeneratecapitalgrowthappreciationandincomeoverthelong-termbyobtainingadiversifiedexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Harbour Corporate Class and Signature High Income Corporate Class



Signature�High�Income�Corporate�Class:�Togenerateahighlevelofincomeandlong-termcapitalgrowth.

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Signature� High� Income� Corporate� Class: It invests primarily in high-yielding equity securities and Canadiancorporatebonds.Theportfolioadvisorwillactivelymanagetheequity,fixedincome,andcashcomponentsofthefund.Theportfolioadvisormaychoosetoinvestinforeignsecurities.

SunWise Essential CI Signature Dividend Segregated Bundle

FundObjective Togenerateahighlevelofdividendandinterestincomeandpreservecapital.Itinvestsprimarilyinpreferredshares,dividendpayingcommonsharesandfixed-incomesecurities.Issuerscanbelocatedanywhereintheworld,butwithaCanadianfocus.


UnderlyingFunds:Signature Dividend Corporate Class and Signature Corporate Bond Corporate Class


Signature�Dividend�Corporate�Class:�Togenerateahighlevelofdividendincomeandtopreservecapital.



Signature�Dividend�Corporate�Class:�ItinvestsprimarilyinpreferredsharesanddividendpayingcommonsharesofCanadiancompanies.Itmayalsoinvestinothercommonshares,fixedincomesecuritiesandincometrusts.Thefundmayalsoinvestinforeignsecurities.


SunWise Essential CI Signature Select Canadian Low Volatility Segregated Bundle

FundObjective Togenerateanabove-averagetotalreturnwithlowerthanaveragevolatilitybyobtainingexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Signature Select Canadian Corporate Class and Select Income Advantage Managed Corporate Class

ObjectivesofUnderlyingFunds

Signature� Select� Canadian� Corporate� Class: To seek capital appreciation over the long-term coupled withdividendincome.

Select�Income�Advantage�Managed�Corporate�Class:�Toprovideexposuretoadiversifiedportfolioofincome-generatingsecuritiesinamannerthatissimilartoholdingmultipleincome-generatingfunds.

PoliciesofUnderlyingFunds Signature�Select�Canadian�Corporate�Class:ItinvestsprimarilyincommonsharesandconvertiblesecuritiesofCanadian companies and preferred shares that pay regular income. The fund’s investments are diversified acrossindustrysectors.

Select� Income� Advantage� Managed� Corporate� Class: The fund invests primarily in investment grade fixedincomesecuritiesissuedbygovernmentsandcorporationsinCanadaandglobally.Thefundmayinvestupto50%inotherincomegeneratingsecuritiessuchaspreferredshares,commonsharesandrealestateinvestmenttrusts.

SunWise Essential CI Signature Select Canadian Segregated Bundle

FundObjective Togenerateanabove-average total returnwitha low tomoderate riskbyobtainingexposureprimarily toequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.

FundPolicy TheFundmay investdirectly insecuritiesor indirectly through theuseofUnderlyingFunds.At this time the fundinvestsmostoftheassetsinthefollowingUnderlyingFunds.

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UnderlyingFunds:Signature Select Canadian Corporate Class and Signature Corporate Bond Corporate Class


Signature� Select� Canadian� Corporate� Class: To seek capital appreciation over the long-term coupled withdividendincome.



Signature�Select�Canadian�Corporate�Class:ItinvestsprimarilyincommonsharesandconvertiblesecuritiesofCanadian companies and preferred shares that pay regular income. The fund’s investments are diversified acrossindustrysectors.


SunWise Essential CI Synergy Canadian Segregated Bundle

FundObjective Toobtainlong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequityandequity-relatedsecuritieslocatedanywhereintheworld,butwithaCanadianfocus.Italsoinvestsinfixed-incomesecuritiesthatareinvestmentgradeorbelowinvestmentgradeofissuerslocatedanywhereintheworld.


UnderlyingFunds:Synergy Canadian Corporate Class and Signature Corporate Bond Corporate Class


Synergy�Canadian�Corporate�Class:�Toseeklong-termcapitalgrowthbyinvestingprimarilyinequityandequity-related securities of Canadian companies that represent the growth style. The fund may also invest in foreignsecurities.



Synergy�Canadian�Corporate�Class:�The fund investsusingamomentumstyle.Momentummanagers invest incompaniesthatarechangingforthebetterandwhoseunderlyingfundamentalsareimprovingmorerapidlythantheoverallstockmarket.Theytypicallyhaveashorterinvestmenthorizonthanothertypesoffundmanagers.Theyseektoberewardedbysignificantupwardmovementsinstockpricesthatcanoccurovershortertimeperiods.


SunWise Essential CI Synergy Global Segregated Bundle

FundObjective Toobtainlong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequityandequity-relatedsecuritiesofcompaniessituatedindevelopedmarkets.Italsoinvestsinfixed-incomesecuritiesthatareinvestmentgradeorbelowinvestmentgradeofissuerslocatedanywhereintheworld.


UnderlyingFunds:Synergy Global Corporate Class and Signature Corporate Bond Corporate Class


Synergy�Global�Corporate�Class:�Toobtain long-termcapitalgrowthby investingprimarily inequityandequity-related securities of global momentum companies situated in developed markets represented in the MSCI WorldIndex–c$.


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Synergy� Global� Corporate� Class:� The fund invests using a momentum style. Momentum managers look forcompaniesthatarechangingforthebetterorwhoseunderlyingfundamentalsareimprovingmorerapidlythantheoverallstockmarket.Theytypicallyhaveashorterinvestmenthorizonthanothertypesoffundmanagers.Theyseektoberewardedbysignificantupwardmovementsinstockpricesthatcanoccurovershortertimeperiods.


SunWise Essential Dynamic Canadian Value Segregated Bundle

FundObjective Toachievelong-termcapitalgrowthandincomewithalowtomoderaterisklevelbyobtainingabroadlydiversifiedexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Dynamic Canadian Value Class, Dynamic Global Dividend Value Class and Dynamic Canadian Bond Fund


Dynamic�Canadian�Value�Class:�Toachievelong-termcapitalgrowthbyinvestingprimarilyinequitysecuritiesofCanadianbusinesses.

Dynamic� Global� Dividend� Value� Class:� To provide long-term capital growth through investment in a broadlydiversifiedportfolioconsistingprimarilyofequitysecuritiesofbusinesslocatedaroundtheworld.

Dynamic�Canadian�Bond�Fund:�Toprovideaportfoliowiththeminimumriskofincomeinterruptionandmaximumincome return primarily through investment in a diversified portfolio primarily of Canadian fixed-income securitiesincludinggovernmentandcorporatebonds.


Dynamic�Canadian�Value�Class:Investmentanalysisforthisfundfollowsabottom-upapproach,whichemphasizescarefulcompanyspecificanalysis.Usingavalueinvestmentapproach,thisfundinvestsincompaniesthatrepresentgoodvaluebasedoncurrentstockpricerelativetothecompany’sintrinsicvalue.Techniquessuchasfundamentalanalysisareusedtoassessgrowthandvaluepotential.Thismeansevaluatingthefinancialconditionandmanagementofeachcompany,itsindustryandtheoveralleconomy.Aspartofthisevaluation,theportfolioadvisermay:




Dynamic�Global�Dividend�Value�Class:Toachieveitsmandate,thefundwillinvestprimarilyinequitysecuritiesofbusinesseslocatedaroundtheworldthathavecurrentoranticipateddividendpoliciesthattheportfolioadviserbelieves are an indicator of long-term growth potential. The fund generally uses a “value investment approach”.Investmentanalysisforthefundfollowsabottom-upapproach,whichemphasizescarefulcompanyspecificanalysis.Usingavalueinvestmentapproach,thefundinvestsincompaniesthatrepresentgoodvaluebasedoncurrentstockprice relative to the company’s intrinsic value. Techniques such as fundamental analysis may be used to assessgrowth and value potential. This means evaluating the financial condition and management of each company, itsindustryandtheoveralleconomy.Aspartofthisevaluation,theportfolioadvisermay:




Dynamic� Canadian� Bond� Fund: The fund invests primarily in a diversified portfolio of Canadian fixed-incomesecuritiesprimarilyissuedbythefederalorprovincialgovernmentsandcorporatebonds.Adisciplinedapproachisusedinmanagingriskasfixed-incomesecuritiesareactivelytradedinresponsetomovementsinthelevelofbondyieldsandtheshapeoftheyieldcurve.Theportfolioadviseractivelymanagesdurationandsectorweightings.Eachtradeisperformedwithconsiderationtothesecurity’srisk/rewardprofile.Techniquesinclude:

•Managingportfoliodurationandyieldcurveexposurebasedonfundamentalandtechnicalanalysisofdebtmarkets;

•Adjustingsectorweightingstoenhancereturns;and

•Evaluatingcreditqualitytocreateaportfolioofstablecorporatebondholdings.

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SunWise Essential Dynamic Global Value Segregated Bundle

FundObjective Toprovidelong-termcapitalgrowththroughinvestmentinabroadlydiversifiedportfolioconsistingprimarilyofequitysecurities of businesses based outside of Canada and fixed-income securities of issuers located anywhere in theworld.


UnderlyingFunds:Dynamic Global Value Fund, Dynamic Global Dividend Value Class and Dynamic Canadian Bond Fund


Dynamic� Global� Value� Fund: To provide long-term capital growth through investment in a broadly diversifiedportfolioconsistingprimarilyofequitysecuritiesofbusinessesbasedoutsideofCanada.

Dynamic� Global� Dividend� Value� Class:� To provide long-term capital growth through investment in a broadlydiversifiedportfolioconsistingprimarilyofequitysecuritiesofbusinesslocatedaroundtheworld.

Dynamic�Canadian�Bond�Fund:�Toprovideaportfoliowiththeminimumriskofincomeinterruptionandmaximumincome returnprimarily through investment inadiversifiedportfolio consistingprimarilyofCanadianfixed-incomesecuritiesincludinggovernmentandcorporatebonds.


Dynamic� Global� Value� Fund:� The fund invests in a broadly diversified portfolio consisting primarily of equitysecurities of businesses situated outside of Canada. Based on the portfolio advisor’s view of the global capitalmarkets,thefundmayinvestfromtimetotimeinalimitednumberofcountriesandareasoftheworld.Investmentanalysis for this fundfollowsabottom-upapproach,whichemphasizescarefulcompanyspecificanalysis.Usingavalueinvestmentapproach,itinvestsincompaniesthatrepresentgoodvaluebasedoncurrentstockpricerelativetothecompany’sintrinsicvalue.

Dynamic�Global�Dividend�Value�Class:Toachieveitsmandate,thefundwillinvestprimarilyinequitysecuritiesofbusinesseslocatedaroundtheworldthathavecurrentoranticipateddividendpoliciesthattheportfolioadviserbelieves are an indicator of long-term growth potential. The fund generally uses a “value investment approach”.Investmentanalysisforthefundfollowsabottom-upapproach,whichemphasizescarefulcompanyspecificanalysis.Usingavalueinvestmentapproach,thefundinvestsincompaniesthatrepresentgoodvaluebasedoncurrentstockprice relative to the company’s intrinsic value. Techniques such as fundamental analysis may be used to assessgrowth and value potential. This means evaluating the financial condition and management of each company, itsindustryandtheoveralleconomy.Aspartofthisevaluation,theportfolioadvisermay:




Dynamic� Canadian� Bond� Fund:� The fund invests primarily in a diversified portfolio of Canadian fixed-incomesecuritiesprimarilyissuedbythefederalorprovincialgovernmentsandcorporatebonds.Adisciplinedapproachisusedinmanagingriskasfixed-incomesecuritiesareactivelytradedinresponsetomovementsinthelevelofbondyieldsandtheshapeoftheyieldcurve.Theportfolioadviseractivelymanagesdurationandsectorweightings.Eachtradeisperformedwithconsiderationtothesecurity’srisk/rewardprofile.Techniquesinclude:

•Managingportfoliodurationandyieldcurveexposurebasedonfundamentalandtechnicalanalysisofdebtmarkets;

•Adjustingsectorweightingstoenhancereturns;and

•Evaluatingcreditqualitytocreateaportfolioofstablecorporatebondholdings.

SunWise Essential Fidelity American Disciplined Equity® Segregated Bundle

FundObjective Toachievelong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequityinUnitedStatescompaniesandsomefixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Fidelity American Disciplined Equity® Fund and Fidelity Canadian Bond Fund


Fidelity�American�Disciplined�Equity®�Fund:�Toachievelong-termcapitalgrowth.

Fidelity�Canadian�Bond�Fund:Toprovideasteadyflowof income. It investsprimarily inCanadianfixed-incomesecurities.

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Fidelity�American�Disciplined�Equity®�Fund:ItinvestsprimarilyinequitysecuritiesofUnitedStatescompaniesinapproximatelythesameproportionsasthesectorsoftheS&P500index.

Fidelity�Canadian�Bond�Fund:TheDEXUniverseBondindexisusedasaguidetostructuringthefundandselectinginvestments.Thefundismanagedtohavesimilaroverallinterestraterisktotheindex.Thefund’sassetsareallocatedamongdifferentmarketsectors,likecorporateorgovernmentsecurities,anddifferentmaturitiesbasedonourviewoftherelativevalueofeachsectorormaturity.Whenbuyingandsellingfixed-incomesecurities,thesecurity’sfeaturesareanalyzed, its currentpricecompared to itsestimated long-termvalue, thecreditqualityof the issuerandanyshort-termtradingopportunitiesresultingfrommarketinefficiencies.Thefundmayinvestuptoapproximately30%ofitsassetsinforeignsecurities.

SunWise Essential Fidelity Disciplined Segregated Bundle

FundObjective Toachievelong-termcapitalgrowthwithasteadyincomeflowfromthefixedincomeportionbyobtainingaglobalexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Fidelity Canadian Disciplined Equity Fund, Fidelity Canadian Bond Fund and Fidelity Global Disciplined Equity Fund


Fidelity� Canadian� Disciplined� Equity� Fund:� To achieve long-term capital growth. It invests primarily in equitysecuritiesofCanadiancompanies.

Fidelity�Canadian�Bond�Fund:Toprovideasteadyflowof income. It investsprimarily inCanadianfixed-incomesecurities.

Fidelity�Global�Disciplined�Equity�Fund:Toachievelong-termcapitalgrowth.Itinvestsprimarilyinequitysecuritiesofcompaniesanywhereintheworld.


Fidelity�Canadian�Disciplined�Equity�Fund:�ThefundaimstoinvestinthesamesectorsandinthesameproportionastheS&P/TSXCappedCompositeIndex.Membersofateamofanalystsareassignedtoeachsector.Theychooseinvestments for theirsectorbasedona thoroughreviewofeachcompany’smanagement,financialconditionsandpotentialforearningsgrowthoverthelong-term.

Fidelity�Canadian�Bond�Fund:TheDEXUniverseBondIndexisusedasaguidetostructuringthefundandselectinginvestments.Thefundismanagedtohavesimilaroverallinterestraterisktotheindex.Thefund’sassetsareallocatedamongdifferentmarketsectors,likecorporateorgovernmentsecurities,anddifferentmaturitiesbasedonourviewoftherelativevalueofeachsectorormaturity.Whenbuyingandsellingfixed-incomesecurities,thesecurity’sfeaturesareanalyzed, its currentpricecompared to itsestimated long-termvalue, thecreditqualityof the issuerandanyshort-termtradingopportunitiesresultingfrommarketinefficiencies.Thefundmayinvestuptoapproximately30%ofitsassetsinforeignsecurities.

Fidelity�Global�Disciplined�Equity�Fund:�ThefundaimstoinvestinsectorsinapproximatelythesameproportionasthosesectorsarerepresentedintheMSCIAllCountryWorldIndex.ThefundalsoaimstoinvestintheregionsrepresentedintheMSCIAllCountryWorldIndex,althoughnotnecessarilyinthesameproportionsasthoseregionsare represented in the index.Membersofa teamofportfoliomanagerschoose investmentsbasedona thoroughreviewofeachcompany’smanagement,financialconditionandpotentialforearningsgrowthoverthelong-term.

SunWise Essential Fidelity NorthStar® Segregated Bundle

FundObjective Toachievelong-termcapitalgrowthandincomebyobtainingexposureprimarilytoglobalequitiesandsomefixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Fidelity NorthStar® Fund and Fidelity Canadian Bond Fund


Fidelity�NorthStar®�Fund:�Toachievemaximumlong-termcapitalgrowth.

Fidelity�Canadian�Bond�Fund:�Toprovideasteadyflowof income. It investsprimarily inCanadianfixed-incomesecurities.

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Fidelity�NorthStar®�Fund:�Itinvestsprimarilyinequitysecuritiesofcompaniesanywhereintheworld.


SunWise Essential Fidelity True North® Segregated Bundle

FundObjective Toachievelong-termcapitalgrowthandincomebyobtainingexposureprimarilytoequityinCanadiancompaniesandsomefixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Fidelity True North® Fund and Fidelity Canadian Bond Fund


Fidelity�True�North®�Fund:�Toobtainlong-termcapitalgrowth.

Fidelity�Canadian�Bond�Fund:�Toprovideasteadyflowof income. It investsprimarily inCanadianfixed-incomesecurities.


Fidelity�True�North®�Fund:ItinvestsprimarilyinequitysecuritiesofCanadiancompanies.


SunWise Essential RBC Canadian Dividend Segregated Bundle

FundObjective Toachievelong-termtotalreturnsconsistingofdividendincomeandregularandmodestlong-termcapitalgrowth.TheFundinvestsprimarilyincommonandpreferredsharesofmajorcompanieswithaboveaveragedividendyields.


UnderlyingFunds:RBC Canadian Dividend Fund and Phillips, Hager & North Bond Fund


RBC�Canadian�Dividend�Fund:Toachievelong-termtotalreturnsconsistingof:

•regulardividendincome,whichbenefitsfromthepreferentialtaxtreatmentgiventodividendincome;and

•modestlong-termcapitalgrowth.

ThefundinvestsprimarilyincommonandpreferredsharesofmajorCanadiancompanieswithaboveaveragedividendyields.

Phillips,�Hager�&�North�Bond�Fund:�Toproviderelativelyhighyieldsandstabilityofcapitalbyinvestingprimarilyinawell-diversifiedportfoliooffixedincomesecuritiesissuedbyCanadiangovernmentsandcorporations.


RBC�Canadian�Dividend�Fund:Thefund’sinvestmentprocessisprimarilybasedonfundamentalresearch,althoughtheportfoliomanagerwillalsoconsiderquantitativeandtechnicalfactors.Stockselectiondecisionsareultimatelybasedonanunderstandingofthecompany,itsbusinessanditsoutlook.

Phillips,�Hager�&�North�Bond�Fund:Itinvestsprimarilyinhigh-qualityCanadiancorporatebondsandgovernmentbondsissuedinCanadianorUnitedStatesdollars.Theaveragetermtomaturityoftheportfolioismanagedwithinstrictguidelines,typicallybetweensevenandtwelveyears.

SunWise Essential Sun Life MFS Global Growth Segregated Bundle

FundObjective Toseekcapitalappreciationandincomebyinvestingprimarilyinequityandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.

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UnderlyingFunds:Sun Life MFS Global Growth Fund and Signature Corporate Bond Fund


Sun�Life�MFS�Global�Growth�Fund:�Toseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedanywhereintheworldthatareconsideredtohaveabove-averageearninggrowthpotentialcomparedtootherissuers.

Signature�Corporate�Bond�Fund:�Toachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.


Sun�Life�MFS�Global�Growth�Fund:�Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedon fundamentalanalysis.The fundmay investa relatively largepercentageof the fund’sassetsinsecuritiesofissuersinasinglecountry,asmallnumberofcountries,oraparticulargeographicregion.Thefundmayinvestincompaniesofanysizethatarelocatedanywhereintheworld,includingthoseinemergingmarkets.Quantitativemodelsmayalsobeconsidered.

Signature�Corporate�Bond�Fund:�Theportfolioadvisorselectssecuritieswhosefundamentalvalueitbelievesisnotreflectedintheircreditratingsandyields.Itfirstidentifiescompaniesthathavethelong-termabilitytogeneratesufficientmoneytoservicetheirdebtandreinvestintheirbusiness.Theportfolioadvisoralsoconsiderstheimpactofeconomictrendsoninterestratesandeconomicgrowth.

SunWise Essential Sun Life MFS Global Value Segregated Bundle

FundObjective Toprovidelong-termcapitalgrowthandincomewithlowvolatilitybyobtainingexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Sun Life MFS Global Value Fund and Signature Corporate Bond Fund


Sun�Life�MFS�Global�Value�Fund:Toseekcapitalappreciationbyinvestinginequitysecuritiesofissuersitbelievesareundervaluedcomparedtotheirperceivedworth.

Signature�Corporate�Bond�Fund:Toachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.


Sun� Life� MFS� Global� Value� Fund:� The sub-advisor uses a bottom-up investment approach and investments areselectedprimarilybasedon fundamentalanalysis.The fundmay invest incompaniesofanysizeanywhere in theworld, including those in emerging markets. It may invest a relatively large percentage of the fund’s assets insecuritiesofissuersinasinglecountry,asmallnumberofcountries,oraparticulargeographicregion.


SunWise Essential Sun Life MFS International Growth Segregated Bundle

FundObjective Toseekcapitalappreciationandincomebyinvestingprimarilyinequityandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Sun Life MFS International Growth Fund and Signature Corporate Bond Fund


Sun�Life�MFS�International�Growth�Fund:�ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuersoutsideofCanadaandtheUnitedStatesthatareconsideredtohaveabove-averageearninggrowthpotentialcomparedtootherissuers.


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Sun�Life�MFS�International�Growth�Fund:�Thesub-advisorusesabottom-upinvestmentapproachandinvestmentsareselectedprimarilybasedonfundamentalanalysis.Thefundmayinvestarelativelylargepercentageofthefund’sassetsinsecuritiesofissuersinasinglecountry,asmallnumberofcountries,oraparticulargeographicregion.Thefundmayinvestincompaniesofanysizethatarelocatedanywhereintheworld,includingthoseinemergingmarkets.Quantitativemodelsmayalsobeconsidered.


SunWise Essential Sun Life MFS International Value Segregated Bundle

FundObjective ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedoutsideofCanadaandtheUnitedStatesandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds: Sun Life MFS International Value Fund and Signature Corporate Bond Fund


Sun�Life�MFS�International�Value�Fund:�Toseekcapitalappreciationbyinvestinginequitysecuritiesofcompaniesitbelievesareundervaluedcomparedtotheirperceivedworth.



Sun�Life�MFS�International�Value:Thesub-advisorusesabottom-up investmentapproachand investmentsareselected primarily based on fundamental analysis. The fund may invest in companies of any size; may invest inemergingmarkets;mayinvestarelatively largepercentageofthefund’sassets insecuritiesof issuers inasinglecountry,asmallnumberofcountries,oraparticulargeographicregion.


SunWise Essential Sun Life MFS U.S. Growth Segregated Bundle

FundObjective Toseekcapitalappreciationandincomebyinvestingprimarilyinequityandfixed-incomesecuritiesofissuerslocatedintheUnitedStates.


UnderlyingFunds:Sun Life MFS U.S. Growth Fund and Signature Corporate Bond Fund


Sun�Life�MFS�U.S.�Growth�Fund:ToseekcapitalappreciationbyinvestingprimarilyinequitysecuritiesofissuerslocatedintheUnitedStatesthatareconsideredtohaveabove-averageearninggrowthpotentialcomparedtoothercompanies.



Sun� Life� MFS� U.S.� Growth� Fund:� The sub-advisor uses a bottom-up investment approach and investments areselectedprimarilybasedonfundamentalanalysis.Thefundmayinvestincompaniesofanysizeandmayinvestupto20%ofthefund’sassetsinnon-UnitedStatesforeignsecurities.Quantitativemodelsmayalsobeconsidered.


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SunWise Essential Sun Life MFS U.S. Value Segregated Bundle

FundObjective Toprovidelong-termcapitalgrowthandincomewithlowvolatilitybyobtainingexposureprimarilytoequity,equity-relatedandfixed-incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFunds:Sun Life MFS U.S. Value Fund and Signature Corporate Bond Fund


Sun� Life� MFS� U.S.� Value� Fund: To seek capital appreciation by investing in equity securities of primarily largecapitalizationcompaniesthatitbelievesareundervaluedcomparedtotheirperceivedworth.

Signature�Corporate�Bond�Fund:Toachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.


Sun� Life� MFS� U.S.� Value� Fund: The sub-advisor uses a bottom-up investment approach and investments areselectedprimarilybasedonfundamentalanalysis.Thefundmayalsoinvestupto20%ofthefund’sassetsinnon-UnitedStatesforeignsecurities.


SunWise Essential Franklin Templeton Quotential Balanced Growth Segregated Fund

FundObjective Toprovideabalancebetweenincomeandcapitalgrowthbyobtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Quotential Balanced Growth Portfolio

UnderlyingFundObjective Toprovideabalanceofcurrentincomeandlong-termcapitalappreciationbyinvestinginadiversifiedmixofequityandincomemutualfunds,withabiastowardscapitalappreciation.

UnderlyingFundPolicy ThePortfolio:

•has,undernormalmarketconditions,anoptimalassetmixoffixed income30-50%,Canadianequities25-45%,UnitedStatesequities6-20%andglobal/internationalequities6-19%.Theportfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;

•invests in mutual funds managed by Franklin Templeton Investment Corp. The portfolio advisor may, in its solediscretion, modify the optimal asset mix, change the percentage holdings of any fund, remove any fund or addotherfunds;

•mayholdaportionof itsassets incash,moneymarketsecuritiesormoneymarketmutual fundswhileseekinginvestmentopportunitiesorfordefensivepurposes.

SunWise Essential Franklin Templeton Quotential Balanced Income Segregated Fund

FundObjective To provide a balance between income and capital growth at lower than average levels of volatility by obtainingexposureprimarilytoequity,equity-relatedandfixedincomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Quotential Balanced Income Portfolio

UnderlyingFundObjective Toprovideabalanceofcurrentincomeandlong-termcapitalappreciationbyinvestinginadiversifiedmixofequityandincomemutualfunds,withabiastowardsincome.

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•has,undernormalmarketconditions,anoptimalassetmixoffixed income50-70%,Canadianequities15-35%,UnitedStatesequities4-12%andglobal/internationalequities3-11%.Theportfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;



SunWise Essential Franklin Templeton Quotential Canadian Growth Segregated Fund

FundObjective Toprovidelong-termcapitalgrowthbyobtainingexposureprimarilytoadiversifiedportfolioofequitysecuritiesofissuerslocatedprimarilyinCanada.


UnderlyingFund:Quotential Canadian Growth Portfolio

UnderlyingFundObjective Toprovidealong-termcapitalappreciationbyinvestingprimarilyinadiversifiedmixofCanadianequitymutualfunds.


•has,undernormalmarketconditions,anoptimalassetmixof85-100%Canadianequityfundsand0-15%Canadianincomefunds.Theportfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;



SunWise Essential Franklin Templeton Quotential Diversified Income Segregated Fund

FundObjective To seek income and modest capital appreciation by obtaining exposure primarily to income generating securitiesissuedbyCanadianandforeignissuers.


UnderlyingFund:Quotential Diversified Income Portfolio

UnderlyingFundObjective Toprovidehighcurrentincomeandsomelong-termcapitalappreciationbyinvestingprimarilyinadiversifiedmixofincomeandbondmutualfunds.


•has,undernormalmarketconditions,anoptimalassetmixofCanadianincome70-80%andglobalincome20-30%.Theportfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;



SunWise Essential Franklin Templeton Quotential Global Balanced Segregated Fund

FundObjective Toprovideabalancebetweenincomeandlong-termappreciationbyobtainingexposureprimarilytoamixofequityandincomesecuritiesofissuerslocatedanywhereintheworld.


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UnderlyingFund:Quotential Global Balanced Portfolio

UnderlyingFundObjective Toprovideabalanceofcurrentincomeandlong-termappreciationbyinvestingprimarilyinadiversifiedmixofequityandincomemutualfundswhicharepredominantlyglobalinnature.


•has,undernormalmarketconditions,anoptimalassetmixofglobal/internationalfixedincome20–40%,Canadianfixed income 0%–20%, Canadian equities 5%–25% and global/international equities 35%–55%. The portfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;



SunWise Essential Franklin Templeton Quotential Global Growth Segregated Fund

FundObjective Toprovidelong-termcapitalgrowthbyobtainingexposureprimarilytoadiversifiedportfolioofequitysecuritiesofglobalissuers.


UnderlyingFund:Quotential Global Growth Portfolio

UnderlyingFundObjective Toprovidealong-termcapitalappreciationbyinvestingprimarilyinadiversifiedmixofglobalequitymutualfunds.


•has,undernormalmarketconditions,anoptimalassetmixofglobal/internationalequities90-100%andemergingmarketsequities0-10%.Theportfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;

•invests inmutual fundsmanagedbyFranklinTempleton InvestmentCorp. Theportfolioadvisormay, in itssolediscretion,modifytheoptimalassetmix,changethepercentageholdingsofanyfund,removeanyfundoraddotherfunds;


SunWise Essential Franklin Templeton Quotential Growth Segregated Fund

FundObjective To provide long–term capital growth by obtaining exposure primarily to equity, equity–related and fixed incomesecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Quotential Growth Portfolio

UnderlyingFundObjective Toprovidealong–termcapitalappreciationbyinvestingprimarily inadiversifiedmixofequitymutualfunds,withadditionalstabilityderivedfrominvestinginincomemutualfunds.


•has,undernormalmarketconditions,anoptimalassetmixofCanadianequities25–45%,fixedincome10–30%,United States equities 20–40% and global/international equities 5–25%. The portfolio advisor may review andadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;



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SunWise Essential Franklin Templeton Quotential Maximum Growth Segregated Fund

FundObjective Toprovidelong-termcapitalgrowthbyobtainingexposureprimarilytoadiversifiedportfolioofequitysecuritiesofissuerslocatedanywhereintheworld.


UnderlyingFund:Quotential Maximum Growth Portfolio

UnderlyingFundObjective Toprovidealong-termcapitalappreciationbyinvestingprimarilyinadiversifiedmixofequitymutualfunds.


•has,undernormalmarketconditions,anoptimalassetmixofCanadianequities30-50%,UnitedStatesequities25-45%andglobal/internationalequities15-35%.Theportfolioadvisormayreviewandadjusttheoptimalassetmix,initssolediscretion,dependingoneconomicconditionsandrelativevalueofincomeandequitysecurities;



SunWise Essential CI Select Income Advantage Managed Segregated Fund

FundObjective To provide exposure to a diversified portfolio of primarily investment grade fixed income securities issued bygovernmentsandcorporationsinCanadaandglobally.


UnderlyingFund:Select Income Advantage Managed Corporate Class

UnderlyingFundObjective Toprovideexposuretoadiversifiedportfolioofincome-generatingsecuritiesinamannerthatissimilartoholdingmultipleincome-generatingfunds.

UnderlyingFundPolicy The fund investsprimarily in investmentgradefixed incomesecurities issuedbygovernmentsandcorporations inCanadaandglobally.Thefundmayinvestupto50%inotherincomegeneratingsecuritiessuchaspreferredshares,commonsharesandrealestateinvestmenttrusts.

SunWise Essential CI Signature Canadian Bond Segregated Fund

FundObjective Toobtainlong-termtotalreturnbyobtainingexposureprimarilytoCanadianfixedincomesecurities.


UnderlyingFund:Signature Canadian Bond Fund

UnderlyingFundObjective Thefund’sobjectiveistoobtainlong-termtotalreturn.

UnderlyingFundPolicy It invests primarily in fixed income securities of Canadian governments and companies that the portfolio advisorbelievesofferanattractiveyieldandtheopportunityforcapitalgains.Theportfolioadvisormayusetechniquessuchasanalyzing:

•theexpecteddirectionofinterestrates;

•theyieldcurvewhichisanevaluationoftherelativevaluebetweenvarioustermstomaturity;

•creditratingsandcreditrisk;

•expectedperformancerelativetoothertypesoffixedincomesecurities.

SunWise Essential CI Signature Corporate Bond Segregated Fund

FundObjective Toobtainlong-termtotalreturnbyobtainingexposureprimarilytoglobalfixedincomesecurities.


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UnderlyingFund:Signature Corporate Bond Fund

UnderlyingFundObjective Toachieveayieldadvantagebyusingfundamentalvalueanalysistoevaluateinvestments.Thefundwillinvestmainlyinfixedincomesecuritiesthatareinvestmentgradeandbelowinvestmentgrade.

UnderlyingFundPolicy Theportfolioadvisorselectssecuritieswhosefundamentalvalueitbelievesisnotreflectedintheircreditratingsandyields.Itfirstidentifiescompaniesthathavethelong-termabilitytogeneratesufficientmoneytoservicetheirdebtandreinvestintheirbusiness.Theportfolioadvisoralsoconsiderstheimpactofeconomictrendsoninterestratesandeconomicgrowth.

SunWise Essential CI Signature Diversified Yield Segregated Fund

FundObjective Toobtainahigh total returns throughexposure tofixed incomeandhigh-yieldingequitysecurities throughout theworld.


UnderlyingFund:Signature Diversified Yield Corporate Class

UnderlyingFundObjective Toachieve tax-efficient returns throughexposure toaportfoliooffixed incomeandhigh-yieldingequitysecuritiesthroughouttheworld.

UnderlyingFundPolicy The fund will obtain this exposure primarily by entering into derivatives, but may hold fixed income and equitysecuritiesdirectlyfromtimetotime.

SunWise Essential CI Signature High Income Segregated Fund

FundObjective To generate a high level of income and long-term capital growth by obtaining exposure primarily to high-yieldingequityandequityrelatedandfixedincomesecuritiesofCanadianissuers.


UnderlyingFund:Signature High Income Fund

UnderlyingFundObjective Togenerateahighlevelofincomeandlong-termcapitalgrowth.

UnderlyingFundPolicy Itinvestsprimarilyinhigh-yieldingequitysecuritiesandCanadiancorporatebonds.Theportfolioadvisorwillactivelymanagetheequity,fixed income,andcashcomponentsof the fund.Theportfolioadvisormaychoose to invest inforeignsecurities.

SunWise Essential Sun Life McLean Budden Canadian Bond Segregated Fund

FundObjective ToprovideareasonablerateofreturnbyobtainingexposureprimarilytoCanadianfixedincomesecurities.


UnderlyingFund:Sun Life McLean Budden Canadian Bond Fund

UnderlyingFundObjective ToprovideareasonablerateofreturnbyinvestinginadiversifiedportfolioofprimarilyCanadiandebtinstruments.

UnderlyingFundPolicy This fund investsprimarily in investmentgradefixed incomesecurities issuedbygovernmentsandcorporations inCanadaandglobally.Itmayholdasmuchas30%ofthefund’sassetsinforeigndebtinstrumentsandactivelyseekstocontrolriskbyinvestingatleast70%oftheassetsindebtinstrumentsratedaboveBBB.Itusesacombinationofbottom-upcreditresearchandtop-downmacroanalysisinconstructingadiversifiedportfolio.

SunWise Essential TD Canadian Bond Segregated Fund

FundObjective ToearnahighrateofinterestincomebyobtainingexposureprimarilytoCanadianfixedincomesecurities.


UnderlyingFund:TD Canadian Bond Fund

UnderlyingFundObjective Toearnahighrateofinterestincomethroughinvestmentsinhigh-qualitybondsanddebenturesissuedprincipallybyCanadianborrowers inCanadiandollars.Thesesecuritiesmayconsistofdebtobligationsof,orguaranteedby,Canadianfederal,provincialormunicipalgovernments,Canadiancharteredbanks,CanadianloanortrustcompaniesorCanadiancorporations.

UnderlyingFundPolicy TheportfolioadviserseekstoachievethefundamentalinvestmentobjectiveofthefundbyfocusingontheCanadiancorporate debt market as well as global macroeconomic trends. The portfolio adviser believes a strategy usingrigorous bottom-up security selection in regard to the macro environment will add value and enhance long-termperformancewhileatthesametimereducingrisk.Generally,thefundemploysa‘‘buy-and-hold’’strategy.Thefundmayusespecifiedderivatives,suchasoptions,futuresandforwardscontracts.

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SunWise Essential CI Money Market Segregated Fund

FundObjective Toearn incomeatthehighestrateofreturnthat isconsistentwithpreservingcapitalandmaintaining liquiditybyobtainingexposuretomoneymarketinstruments.


UnderlyingFund:CI Money Market Fund

UnderlyingFundObjective The fund’sobjective is toearn incomeat thehighest rateof return that is consistentwithpreservingcapitalandmaintainingliquidity.

UnderlyingFundPolicy Itinvestsprimarilyinmoneymarketinstrumentsthatmatureinlessthan365days.Theseinclude:

•short-termdebtobligations issuedorguaranteedby thegovernmentsofCanadaanyprovinceor anyagencyofthesegovernments;

•commercial paper and other high quality short-term debt obligations of Canadian corporations and Canadiancharteredbanks.

EachFundalsomaymaintainasmallcashposition.TheinvestmentobjectivesandinvestmentpoliciesoftheFundsmaychangefromtimetotime.IfwechangethefundamentalinvestmentobjectiveofaFundinwhichyouholdUnits,wewillgiveyouthenoticeandextendtoyoutherightsdescribedinyourContract.

ThefundamentalinvestmentobjectiveofanUnderlyingFundcannotbechangedunlessapprovedbytheunitholdersoftheUnderlyingFund.IfachangetotheinvestmentobjectivesofanUnderlyingFundisapprovedbytheunitholdersofsuchUnderlyingFund,wewillgiveyounoticeofsuchchangeandapproval.WereservetherighttochangeanyUnderlyingFund.AdetaileddescriptionoftheinvestmentpoliciesoftheFundsandtheUnderlyingFundsisavailablebywritingtousattheheadofficeofCI.Acopyofthesimplifiedprospectus,annualinformationform,financialhighlightsandauditedfinancialstatements,orotherdisclosuredocumentsofeachUnderlyingFundisavailablebywritingtousattheheadofficeofCI.

Leverage involves theuseofborrowedmoney tohelppay foran investment.Using leveragemagnifies theamountof lossorgainon the investment.LeverageisnotemployedinrespectofanyoftheUnderlyingFunds.

IfyourequireadditionalinvestmentinformationabouttheFundsortheUnderlyingFunds,pleasecontactyourDistributor.

ThevalueofeachFundisdirectlyrelatedtothemarketvalueofitsinvestments.ActualUnitValuesmayincreaseordecreaseaccordingtofluctuationsinthemarketvalueoftheassetsunderlyingtheparticularFund.

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I-7.3 Risk factors

Investment in the Funds is subject to certain risks as summarized inthe tablebelow.Each risk isdescribed ingreaterdetail following thetable.AseachFundcurrently investsprimarily inanUnderlyingFund,itsexposuretorisksisthroughitsinvestmentintheUnderlyingFund.

Interest�Rate SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund

SunWiseEssentialCIGlobalSegregatedFund

SunWiseEssentialCIHarbourForeignEquitySegregatedFund

SunWiseEssentialCISynergyGlobalSegregatedFund

SunWiseEssentialDynamicGlobalValueSegregatedFund

SunWiseEssentialFidelityNorthStar®SegregatedFund

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedFund

SunWiseEssentialSunLifeMFSGlobalValueSegregatedFund

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedFund

SunWiseEssentialSunLifeMFSInternationalValueSegregatedFund

SunWiseEssentialCIBlackCreekGlobalBalancedSegregatedFund

SunWiseEssentialCIHarbourForeignGrowth&IncomeSegregatedFund

SunWiseEssentialCISignatureGlobalIncome&GrowthSegregatedFund

SunWiseEssentialFidelityGlobalAssetAllocationSegregatedFund

SunWiseEssentialSunLifeMFSGlobalTotalReturnSegregatedFund

SunWiseEssentialCIAmericanValueSegregatedFund

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedFund

Interest�Rate SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedFund

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedFund

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund

SunWiseEssentialCICanadianInvestmentSegregatedFund

SunWiseEssentialCIHarbourSegregatedFund

SunWiseEssentialCISignatureDividendSegregatedFund

SunWiseEssentialCISignatureSelectCanadianSegregatedFund

SunWiseEssentialCISynergyCanadianSegregatedFund

SunWiseEssentialDynamicCanadianValueSegregatedFund

SunWiseEssentialFidelityTrueNorth®SegregatedFund

SunWiseEssentialRBCCanadianDividendSegregatedFund

SunWiseEssentialCICambridgeCanadianAssetAllocationSegregatedFund

SunWiseEssentialCIHarbourGrowth&IncomeSegregatedFund

SunWiseEssentialCISignatureCanadianBalancedSegregatedFund

SunWiseEssentialCISignatureIncome&GrowthSegregatedFund

SunWiseEssentialFidelityCanadianAssetAllocationSegregatedFund

SunWiseEssentialPortfolioSeriesBalancedGrowthSegregatedFund

SunWiseEssentialPortfolioSeriesBalancedSegregatedFund

SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund

SunWiseEssentialPortfolioSeriesConservativeSegregatedFund

SunWiseEssentialPortfolioSeriesGrowthSegregatedFund

Risk Funds

Risk Funds

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Interest�Rate SunWiseEssentialPortfolioSeriesIncomeSegregatedFund

SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund

SunWiseEssentialCIAmericanValueSegregatedBundle

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle


SunWiseEssentialCICambridgeAmericanEquitySegregatedBundle

SunWiseEssentialCICambridgeCanadianEquityLowVolatilitySegregatedBundle

SunWiseEssentialCICambridgeCanadianEquitySegregatedBundle

SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle

SunWiseEssentialCICambridgeSegregatedDiversifiedBundle

SunWiseEssentialCICanadianInvestmentSegregatedBundle

SunWiseEssentialCIGlobalSegregatedBundle

SunWiseEssentialCIHarbourLowVolatilitySegregatedBundle

SunWiseEssentialCIHarbourSegregatedBundle

SunWiseEssentialCIHarbourSegregatedDiversifiedBundle

SunWiseEssentialCISignatureDividendSegregatedBundle


SunWiseEssentialCISignatureSelectCanadianSegregatedBundle

SunWiseEssentialCISynergyCanadianSegregatedBundle

SunWiseEssentialCISynergyGlobalSegregatedBundle

SunWiseEssentialDynamicCanadianValueSegregatedBundle

SunWiseEssentialDynamicGlobalValueSegregatedBundle

Interest�Rate SunWiseEssentialFidelityDisciplinedSegregatedBundle

SunWiseEssentialFidelityNorthStar®SegregatedBundle

SunWiseEssentialFidelityTrueNorth®SegregatedBundle

SunWiseEssentialRBCCanadianDividendSegregatedBundle

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedBundle

SunWiseEssentialSunLifeMFSGlobalValueSegregatedBundle


SunWiseEssentialSunLifeMFSInternationalValueSegregatedBundle

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedBundle

SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialBalancedIncomeSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialCanadianGrowthSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialDiversifiedIncomeSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialGlobalBalancedSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialGlobalGrowthSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialGrowthSegregatedFund

SunWiseEssentialFranklinTempletonQuotentialMaximumGrowthSegregatedFund

SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund

SunWiseEssentialCISignatureCanadianBondSegregatedFund

SunWiseEssentialCISignatureCorporateBondSegregatedFund

Risk Funds Risk Funds

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Interest�Rate SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund

SunWiseEssentialCISignatureHighIncomeSegregatedFund

SunWiseEssentialSunLifeMcLeanBuddenCanadianBondSegregatedFund

SunWiseEssentialTDCanadianBondSegregatedFund


Credit�Quality� SunWiseEssentialCICambridgeGlobalEquitySegregatedFund
















Credit�Quality� SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedFund

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedFund




















Risk FundsRisk Funds

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Credit�Quality� SunWiseEssentialPortfolioSeriesGrowthSegregatedFund

SunWiseEssentialPortfolioSeriesIncomeSegregatedFund





















Credit�Quality� SunWiseEssentialDynamicGlobalValueSegregatedBundle

SunWiseEssentialFidelityDisciplinedSegregatedBundle



















SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund


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Credit�Quality� SunWiseEssentialCISignatureHighIncomeSegregatedFund




Equities SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund
















Equities SunWiseEssentialCIAmericanValueSegregatedFund






















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Equities SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund






















Equities SunWiseEssentialCISynergyGlobalSegregatedBundle






















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Equities SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund







Illiquidity� SunWiseEssentialCICambridgeGlobalEquitySegregatedFund















Illiquidity�� SunWiseEssentialCICambridgeAmericanEquitySegregatedFund






















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Illiquidity�� SunWiseEssentialPortfolioSeriesIncomeSegregatedFund






















Illiquidity�� SunWiseEssentialFidelityNorthStar®SegregatedBundle






















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Illiquidity�� SunWiseEssentialCIMoneyMarketSegregatedFund

Currency SunWiseEssentialCICambridgeGlobalEquitySegregatedFund




















Currency SunWiseEssentialCICanadianInvestmentSegregatedFund






















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Currency SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle






















Currency SunWiseEssentialRBCCanadianDividendSegregatedBundle






















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Currency SunWiseEssentialCIMoneyMarketSegregatedFund

EmergingMarkets SunWiseEssentialCIBlackCreekGlobalLeaders

SegregatedFund




















EmergingMarkets SunWiseEssentialCICambridgeGlobalEquity SegregatedBundle



















Specialization SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund




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Specialization�� SunWiseEssentialCIHarbourForeignEquitySegregatedFund





















Specialization�� SunWiseEssentialCISynergyCanadianSegregatedFund






















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Specialization�� SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle






















Specialization�� SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund













Class� �� SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund









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Class� �� SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedFund





















Class� �� SunWiseEssentialFidelityTrueNorth®SegregatedFund






















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Class� SunWiseEssentialCICambridgeSegregated DiversifiedBundle






















Class� SunWiseEssentialSunLifeMFSU.S.Value SegregatedBundle
















Foreign Securities SunWiseEssentialCIBlackCreekGlobalLeaders

SegregatedFund






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Foreign Securities SunWiseEssentialCISynergyGlobal

SegregatedFund





















Foreign Securities SunWiseEssentialCISynergyCanadian

SegregatedFund






















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Foreign Securities SunWiseEssentialCIHarbourLowVolatility

SegregatedBundle





















Foreign Securities SunWiseEssentialFranklinTempletonQuotential

CanadianGrowthSegregatedFund












CorporateClass SunWiseEssentialCICambridgeGlobalEquity

SegregatedFund










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CorporateClass SunWiseEssentialCICanadianInvestment

SegregatedFund





















CorporateClass SunWiseEssentialCICambridgeSegregated

DiversifiedBundle






















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Derivatives SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund





















Derivatives SunWiseEssentialSunLifeMFSU.S.ValueSegregatedFund






















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Derivatives SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund






















Derivatives SunWiseEssentialFidelityNorthStar®SegregatedBundle






















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Derivatives SunWiseEssentialCISignatureHighIncomeSegregatedFund




�SecuritiesLending SunWiseEssentialCIBlackCreekGlobalLeaders SegregatedFund

















�SecuritiesLending SunWiseEssentialSunLifeMFSU.S.Growth SegregatedFund





















Risk Fund Risk Funds

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�SecuritiesLending SunWiseEssentialCICambridgeAmericanEquity SegregatedBundle





















SecuritiesLending SunWiseEssentialSunLifeMFSU.S.Growth SegregatedBundle







�Large Redemption SunWiseEssentialCIBlackCreekGlobalLeaders SegregatedFund














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�Large Redemption SunWiseEssentialCICambridgeAmericanEquity SegregatedFund





















�Large Redemption SunWiseEssentialCIGlobalSegregatedBundle






















Risk Fund Risk Fund

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Taxation� SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund

Short�Selling SunWiseEssentialCICambridgeGlobalEquitySegregatedFund





















Short�Selling SunWiseEssentialCIAmericanValueSegregatedBundle






















Risk Fund Risk Fund

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Short�Selling SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle






InvestmentTrust SunWiseEssentialCICambridgeGlobalEquity

SegregatedFund















InvestmentTrust SunWiseEssentialCIBlackCreekInternational EquitySegregatedBundle



















SmallCapitalization SunWiseEssentialCIBlackCreekInternational

EquitySegregatedFund

Risk Fund Risk Fund

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SmallCapitalization SunWiseEssentialFidelityNorthStar®

SegregatedFund





















SmallCapitalization SunWiseEssentialSunLifeMFSInternationalValue

SegregatedBundle




Risk Fund Risk Fund

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(a) Interest Rate�

Incomesecurities suchas treasurybills, bonds, debenturesandotherdebt securitiesusually represent loans to companiesor governments.Therefore, the market values of those securities are affected byprevailing interest rates. When interest rates fall, income securitiesgenerally rise in value; when interest rates rise, income securitiesgenerally fall in value. Fixed income securities with longer terms tomaturityareusuallymoresensitivetochangesininterestrates.

(b) Credit Quality

When a company or government issues a fixed income security, itpromisestopayinterestandrepayaspecifiedamountonthematuritydate.Creditriskistheriskthatthecompanyorgovernmentwillnotliveuptothatpromise.Creditriskislowestamongissuersthathavegoodcreditratingsfromrecognizedcreditratingagencies.Theriskiestfixedincomesecuritiesarethosewithalowcreditratingornocreditratingatall.Thesesecuritiesusuallyofferhigherinterestratestocompensatefortheincreasedrisk.

(c) Equities

Equities (such as common shares) represent part ownership in acompany.Thevalueofanequitysecuritychangeswiththefortunesofthecompanythatissuedit.Generalmarketconditions,generaleconomicconditionsinthecountryinwhichitoperates,thehealthoftheeconomyasawhole,aswellasinvestorperceptionscanalsoaffectequityprices.Equity-relatedsecurities,whichprovideindirectexposuretotheequitiesofacompany,canalsobeaffectedbyequity risk.Examplesofequity-relatedsecuritiesarewarrantsandconvertiblesecurities.

(d) Illiquidity

Liquidity isameasureofhoweasy it is toconvertan investment intocash.Aninvestmentmaybelessliquidifitisnotwidelytraded,iftherearerestrictionsontheexchangewherethetradingtakesplace,ordueto legal restrictions, the nature of the investment itself, settlementterms,orforotherreasonssuchasashortageofbuyers interested ina particular investment, or even an entire market. Difficulty in sellinginvestments may result in a loss. Investments with low liquidity canhavedramaticchangesinvalue.

(e) Currency

If an investment is priced in a foreign currency and the exchangerate between the Canadian dollar and the foreign currency changesunfavourably, itcould reduce thevalueof the investment.Changes inthe exchange rate can also increase the value of an investment. Tosome extent, these effects can be offset by hedging foreign currencyexposure.Exchangecontrolsinsomecountriesmayalsoaffectreturnsifitisnotpossibletomakecurrencytransactionsasneeded.

(f) Emerging Markets

LessdevelopedmarketssuchasEasternEurope,Asia,SouthAmerica,Africaand theMiddleEastmayexperiencegreaterpriceswings thandevelopedmarkets.

(g) Specialization

Some Underlying Funds specialize in investing in a particular kind ofindustryorinaparticularpartoftheworld.Iftheselectedindustryorgeographicareahasaslump,theUnderlyingFundwillsufferbecausetherearerelativelyfewotherinvestmentstooffsettheslump.

(h) Class

Mutualfunds,includingtheUnderlyingFunds,sometimesissuedifferentclasses of Units of the same fund. Each class has its own fees andexpenses which the funds track separately. However if one class isunable to meet its financial obligation the other classes are legallyresponsibleformakingupthedifference.

(i) Foreign Securities

Investments in foreign companies are influenced by economic andmarket conditions in the countries where the companies operate.Equitiesandfixed incomesecurities issuedby foreigncompaniesandgovernments are often considered riskier than Canadian investments.One reason for this is that many countries have lower standards foraccounting,auditingandreporting.Somecountriesare lesspoliticallystable than Canada and there is often less available informationabout individual investments. In some countries, there is a risk ofnationalization,expropriationor currencycontrols.Trading restrictionsorotherlawsmayimpedethesaleorreducethegainsonaninvestment.Itcanbedifficulttotradeinvestmentsonforeignmarketsandthelawsofsomecountriesdonot fullyprotect investor rights.Theserisksandotherscancontributetolargerandmorefrequentpricechangesamongforeign investments. U.S. investments are not considered to haveforeigninvestmentrisk.

(j) Corporate Class

(i) ShareClasses

CertainUnderlyingFundsarestructuredasclassesofsharesofasinglecorporationwhichmaycontainmultipleUnderlyingFunds.Each such Underlying Fund has its own assets and liabilities,whichareusedtocalculateitsvalue.Legally,theassetsofeachsuchUnderlyingFundareconsideredthepropertyoftheentirecorporation,andtheliabilitiesofeachsuchUnderlyingFundareconsidered obligations of the entire corporation. That meansif any fund which is part of such corporation cannot meet itsobligations,theassetsoftheotherUnderlyingFundswhicharepartofthatcorporationmaybeusedtopayforthoseobligations.

(ii) CapitalGainsDistributions

A corporate structure usually allows investors to defer payingtaxoncapitalgainsrelatedtointer-classswitches.However,insomecircumstances,especiallywheretherearealargenumberofswitchesoutofaclass, thecorporationmayberequiredtosellsomeofitsinvestmentsattributabletothatclasstoprovidethecash requiredby it to fund the transfers to theother fundclasses. This could cause a capital gain to be realized by theclass, which the class would usually be required to distributeoutto itsshareholders, includingaFund.Asaresult,youmayreceiveanallocationofcapitalgains.Iftheamountsofcapital

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gains realized are significant, the corporation may distributethese gains to the shareholders of the classes to which theswitchesweremade.

(k) Derivatives

DerivativesareinvestmenttoolsusedbysomeoftheUnderlyingFundswhichusually taketheformofanagreementbetweentheUnderlyingFundandanotherpart.DerivativesmaybeusedbytheUnderlyingFundstoprotectagainstlossesfromchangesinstockprices,exchangeratesormarketindices.Thisiscalled“hedging”.TheUnderlyingFundsalsomayusederivativestomakeindirectinvestments.

Theuseofderivativescomeswithanumberofrisks:

• hedgingwithderivativesmaynotalwaysworkanditcouldrestrictanUnderlyingFund’sabilitytoincreaseinvalue;

• thereisnoguaranteethatanUnderlyingFundwillbeabletoobtainaderivativecontractwhen itneeds to,and thiscouldprevent thefundfrommakingaprofitorlimitingaloss;

• asecuritiesexchangecouldimposelimitsontradingofderivatives,makingitdifficulttocompleteacontract;

• theotherpartyinthederivativecontractmightnotbeabletohonourthetermsofthecontract;

• the price of a derivative might not reflect the true value of theunderlyingsecurityorindex;

• thepriceofaderivativebasedonastockindexcouldbedistortedif some or all of the stocks that make up the index temporarilystoptrading;

• derivativestradedonforeignmarketsmaybehardertoclosethanthosetradedinCanada;and

• insomecircumstances,investmentdealersandfuturesbrokersmayholdsomeofanUnderlyingFund’sassetsondepositascollateralinaderivativecontract.Thisincreasesriskbecauseanotherpartyisresponsibleforthesafekeepingoftheassets.

Derivativesareinvestmenttoolsusedbysomeoftheunderlyingmutualfunds, primarily to reduce risk. A derivative is usually an agreementbetweentwopartieswhicheffectively“locks in” thepriceofastock,bond,currencyormarketindexuntilafuturedate.Therefore,thevalueoftheagreementis“derived”fromthevalueoftheunderlyingsecurity,currencyorindex.

A “forward contract” is the type of derivative that is most commonlyused by the underlying mutual funds. It is an agreement to buy orsellatanagreedprice, likeanyothercontract,exceptthat it isdated“forward”, i.e. into the future.“Futures”or“futurecontracts”operateinmuchthesameway.Ontheotherhand,an“option”givesonepartythechoiceofexercisingornotexercisingtheagreementtobuyorsellwithinacertainperiodoftime.Derivativesareusefulfundmanagementtoolsintworespects:

(i) Hedging

Forwardcontracts,futuresandoptionsallowaportfolioadvisorto“lockin”aninterestrate,currencyexchangerateorstockpricefor a period of time when he or she expects that upcomingvolatilitywillnegativelyimpactaparticularinvestment.Hedginginthiswayactsas“insurance.”

(ii) Market/CurrencyExposure

If the price of a market index is “locked in” for a period by aforwardcontract,futureoroption,asimilareffecttoowningtheunderlying securities is achieved, but without actually tradingin those securities. As such, these derivatives are useful asa means of gaining exposure to regional areas where directinvestmentishampered,forexample,duetoilliquidmarketsorforeignwithholdingtax(leviedwhenforeignsecuritiesaresold).Further, theyare ideal forgaining immediatemarketexposureuntilcashcanbeefficientlyinvestedinspecificstocks,andcanalsobeusedtoquicklyredirectcurrencyexposure.

The Underlying Funds and Funds which are permitted to invest inderivativeinstrumentsmaydosoonlyinwaysthatareconsistentwiththeirinvestmentobjectivesandpolicies.Allsuchusesmustalsocomplywith the policies and rules of Canadian securities authorities. Thesepolicies prohibit the use of derivatives for “leveraging” which mayexposeanUnderlyingFundtomarketrisksinexcessoftheUnderlyingFund’snetassets.

The Underlying Funds are permitted to invest in derivatives for thepurposeofhedgingand/orexposure.

All the Underlying Funds which may invest in derivative securitieswill maintain either cash, high quality liquid instruments (such astreasury bills) or underlying securities in amounts sufficient to settletheobligationsresultingfromthederivativesecurities.Notbeingableto use derivative securities to create leverage significantly reducesthe degree of risk associated with their use. Therefore, except asdescribed below, the risk associated with using derivative securitiesto obtain exposure to a security, market or currency will generallybethesameastheriskofinvestingdirectlyintheunderlyingsecurity,marketorcurrency.

An Underlying Fund using derivative securities will be subject to theriskthatthecounter-partyorissuerofthederivativesecuritywillnotbeabletomeet itsobligations. Insomecases, theUnderlyingFundsthatinvestinderivativesecuritiesmayonlyuseonecounter-party.However,particularcareistakentominimizethiscreditriskbydealingonlywiththemostreputablefirmsandbyincreasingthefrequencyofpayments.AnUnderlyingFundusingderivative securitiesmayalsobesubject tosafekeepingrisksbecauseincertaincircumstancesinvestmentdealersand futures brokers will hold, on deposit, some assets belonging tothe Underlying Fund. In addition, an Underlying Fund using derivativesecurities will be subject to liquidity risk, which is the risk that theUnderlyingFundmaynotbeabletoreadilysellorcloseoutitspositionsinaderivativesecurity.Thisriskmaybegreaterwhenthecontractsarespecialized contracts not traded on a securities exchange. However,even in the case of exchange traded options or futures contracts, therulesgoverningasecuritiesexchangemayresultinanUnderlyingFundbeinglockedintopositionsnotdesiredorlockedoutofdesiredpositions.

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Thepricesofderivativesecuritiesmayalsobedistortediftradingintheunderlyingsecurities ishalted.Thepriceofaderivativesecuritymightalsonotreflectthetruevalueoftheunderlyingsecurity.

Certain of the Underlying Funds may attempt to reduce risk by usinghedging strategies involving derivative securities. However, becausethepricemovementsofthehedginginstrumentandthepositionbeingpledged may not be identical, there can be no assurance that thehedgingstrategieswillbeeffectiveinpreventinglosses.TheymayalsopreventtheinvestingUnderlyingFundfromrealizingagainifthevalueofthepositionbeinghedgedshouldrise.ThereisalsonoguaranteethatanUnderlyingFundwillbeabletoobtainaderivativecontractwhenitneeds to, and this could prevent the Underlying Fund from making aprofitorlimitingaloss.

(l) Securities Lending

Securities lending transactions, repurchase transactions and reverserepurchase transactions may be used by an Underlying Fund in ordertoearnadditionalincome.Therearerisksassociatedwiththesekindsof transactions.Over time, thevalueof thesecurities loanedunderasecurities lending transaction or sold under a repurchase transactionmightexceedthevalueofthecashorcollateralheldbytheUnderlyingFund. If the third party defaults on its obligation to repay or resellthe securities to the Underlying Fund, the cash or collateral may beinsufficient to enable the Underlying fund to purchase replacementsecuritiesandtheUnderlyingFundmaysufferalossforthedifference.Likewise, over time, the value of the securities purchased under areverserepurchasetransactionmaydeclinebelowtheamountofcashpaidbytheUnderlyingFundtothethirdparty.Ifthethirdpartydefaultsonitsobligationtorepurchasethesecuritiestheymayneedtobesoldforalowerpriceandalosswillbesufferedforthedifference.

(m) Large Redemption

SomeUnderlyingFundsmayhaveparticularinvestorswhoownalargeproportion of the outstanding units or shares of the Underlying fund.Forexample,otherinstitutionssuchasbanksandinsurancecompaniesor other fund companies may purchase securities of the UnderlyingFunds for their own mutual funds, segregated funds, structured notesor discretionary managed accounts. Retail investors may also own asignificantamountofanUnderlyingFund.

IfoneofthoseinvestorsredeemsalargeamountoftheirinvestmentintheUnderlyingFund,theUnderlyingFundmayhavetosellitsportfolioinvestments at unfavourable prices to meet the redemption request.This can result in significant price fluctuations to the net asset valueof theUnderlyingFund,andmaypotentially reduce the returnsof theUnderlyingFund.

(n) Taxation

An Underlying Fund may use forward agreements as its investmentstrategy. When a forward agreement is entered into between anUnderlyingFundandotherparty,onepartyagrees tosellsecurities itowns, or portions thereof, to the other party in return for a purchasepricethatisdeterminedbyreferencetothevalueofareferenceasset.TheUnderlyingFundwilltreatgainsorlossesonthedispositionsofthesecuritiesascapitalgainsandlosses.IfthecharacterandtimingofthegainsbytheUnderlyingFundwereotherthanacapitalgainonthesaleof thesecurities,after-tax returns to investors in theUnderlyingFundcould be reduced, possibly to an amount less than that which would

have been realized by investors if the Underlying Fund had directlyownedthereferenceasset,andtheUnderlyingFundcouldbesubjecttonon-refundableincometaxfromsuchtransactions.

(o) Short Selling

CertainUnderlyingFundsmayengageinadisciplinedamountofshortselling.A“shortsale”iswhereanUnderlyingFundborrowssecuritiesfroma lenderand thensells theborrowedsecurities (or “sells short”thesecurities)intheopenmarket.Atalaterdate,thesamenumberofsecuritiesarerepurchasedbytheUnderlyingFundandreturnedtothelender. In the interim, the proceeds from the first sale are depositedwith the lender and the Underlying Fund pays compensation to thelender. If the value of the securities declines between the time thattheUnderlyingFundborrowsthesecuritiesandthetimeitrepurchasesand returns thesecurities, theUnderlyingFundmakesaprofit for thedifference (less any compensation the Underlying Fund pays to thelender). Short selling involves certain risks. There is no assurancethatsecuritieswilldeclineinvalueduringtheperiodoftheshortsalesufficienttooffsetthecompensationpaidbytheUnderlyingFundandmake a profit for the Underlying Fund, and securities sold short mayinstead increase in value. The Underlying Fund may also experiencedifficulties repurchasing and returning the borrowed securities if aliquidmarket for thesecuritiesdoesnotexist.The lender fromwhomtheUnderlyingFundhasborrowedsecuritiesmaygobankruptandtheUnderlyingFundmaylosethecollateralithasdepositedwiththelender.EachUnderlyingFundthatengagesinshortsellingadherestocontrolsand limits thatare intended tooffset these risksbysellingshortonlysecuritiesoflargerissuersforwhichaliquidmarketisexpectedtobemaintainedandbylimitingtheamountofexposureforshortsales.TheUnderlying Funds also deposit collateral only with lenders that meetcertaincriteriaforcreditworthinessandonlyuptocertainlimits.

(p) Investment Trust

Investments in real estate, royalty, income and other investmenttrusts which are investment vehicles in the form of trusts rather thancorporations.To theextent that claims,whether incontract, in tortorasa resultof taxorstatutory liability,againstan investment trustarenotsatisfiedbythetrust,investorsintheinvestmenttrust,includingtheUnderlyingFunds,couldbeheldliableforsuchobligations.Investmenttrusts generally seek to make this risk remote in the case of contractby includingprovisions in theiragreements that theobligationsof theinvestment trustwillnotbebindingon investorspersonally.However,investment trusts could still haveexposure todamage claims suchaspersonal injury and environmental claims. Certain jurisdictions haveenacted legislation to protect investors in investment trusts from thepossibilityofsuchliability.

TheIncomeTaxActcontainsrulesregardingtheincometaxtreatmentof “specified investment flow-throughs” or “SIFTs”, which includecertain publicly traded income trusts and limited partnerships. SIFTsare subject to tax at corporate rates on the non-portfolio earningsportionof their distributions. Further, unitholdersofSIFTsare treatedasiftheyhadreceivedan“eligibledividend”equaltothenon-portfolioearningslesstherelateddistributiontaxpaidbytheSIFTandaretaxedaccordingly. These rules apply to trusts and limited partnerships thatbegantobepublicly-tradedafterOctober2006,andgenerallywillonly

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applybeginningwiththe2011taxationyeartothoseincometrustsandlimitedpartnershipsthatwerealreadypublicly-tradedonOctober31,2006unlesstheyexceedcertaingrowthrates.TotheextentthatanUnderlyingFundinvestsinanincometrustorlimitedpartnershiptowhichtheserulesapply,after-taxreturnsmaybereduced.

(q) Small Capitalization

Capitalizationisameasureofthevalueofacompany.Itisthecurrentpriceofacompany’sstock,multipliedbythenumberofsharesissuedbythecompany.Companieswithsmallcapitalizationmaynothaveawell-developedmarketfortheirsecurities.Asaresult,thesesecuritiesmaybedifficulttotrade,makingtheirpricesmorevolatilethanthoseoflargecompanies.

I-7.4 About the underlying mutual fund companies

AlltheinformationabouttheUnderlyingFunds,includingtheirinvestmentobjectivesandstrategies,isbasedoninformationprovidedbythemutualfundcompanies.

Mutual�Fund�Company: Portfolio�Advisors Custodian�of�Assets:

CIInvestmentsInc.2QueenStreetEastTwentiethFloorToronto,OntarioM5C3G7

AltrinsicGlobalAdvisors,LLC53ForestAvenue,3rdFloorOldGreenwich,ConnecticutU.S.A.

BlackCreekInvestmentManagementInc.212KingStreetWest,Suite500Toronto,OntarioM5H1K5

CIInvestmentsInc.2QueenStreetEastTwentiethFloorToronto,Ontario,M5C3G7

EpochInvestmentPartners,Inc.12East49thStreet,Suite1202NewYork,NewYork10017U.S.A.

PictonMahoneyAssetManagement33YongeStreet,Suite830Toronto,OntarioM5E1G4

TetremCapitalManagementLtd.1508–201PortageAvenueWinnipeg,ManitobaR3B3K6

RBCDexiaInvestorServicesTrustRoyalTrustTower155WellingtonStreetWest,7thFloorToronto,OntarioM5V3L3

FidelityInvestmentsCanadaULC483BayStreet,Suite200Toronto,OntarioM5G2H7

FidelityInvestmentsCanadaULC483BayStreet,Suite200Toronto,OntarioM5G2H7

CIBCMellonTrustCompany320BayStreet,P.O.Box1Toronto,OntarioM5H4A6

FranklinTempletonInvestmentsCorp.5000YongeStreet,Suite900Toronto,OntarioM2N0A7

FiduciaryTrustCompanyofCanada350SeventhAvenueS.W.,Suite3000Calgary,AlbertaT2P3N9

J.P.MorganBankCanada200BayStreet,Suite1800Toronto,OntarioM5J2J2

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Mutual�Fund�Company: Portfolio�Advisors Custodian�of�Assets:

Goodman&Company,InvestmentCounselLtd.29thFloor1AdelaideStreetEastToronto,OntarioM5C2V9

Goodman&Company,InvestmentCounselLtd.29thFloor1AdelaideStreetEastToronto,OntarioM5C2V9

StateStreetTrustCompanyCanada30AdelaideStreetEastToronto,OntarioM5C3G6

RBCAssetManagementInc.RoyalTrustTowerP.O.Box7500,StationAToronto,OntarioM5W1P9

RBCAssetManagementInc.RoyalTrustTowerP.O.Box7500,StationAToronto,OntarioM5W1P9


SunLifeGlobalInvestments(Canada)Inc.150KingStreetWest,Suite1400Toronto,OntarioM5H1J9

MFSInstitutionalAdvisors,Inc.500BoylstonStreetBoston,MassachusettsU.S.A.


TDAssetManagementInc.Toronto-DominionBankTowerP.O.Box100Toronto,OntarioM5K1G8

TDAssetManagementInc.Toronto-DominionBankTowerP.O.Box100Toronto,OntarioM5K1G8

CanadianImperialBankofCommerce320BayStreet,P.O.Box1Toronto,OntarioM5H4A6

I-7.5 Funds Available in each Class

BelowisalistoftheFundsthatmaybepurchasedundereachClass:

Fund�Name Investment�Class

Estate��Class

Income�Class PIM

GlobalEquity

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund Yes N/A N/A Yes

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund Yes N/A N/A Yes

SunWiseEssentialCIGlobalSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCIHarbourForeignEquitySegregatedFund Yes N/A N/A Yes

SunWiseEssentialCISynergyGlobalSegregatedFund Yes N/A N/A N/A

SunWiseEssentialDynamicGlobalValueSegregatedFund Yes N/A N/A N/A

SunWiseEssentialFidelityNorthStar®SegregatedFund Yes N/A N/A N/A

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedFund Yes N/A N/A N/A

SunWiseEssentialSunLifeMFSGlobalValueSegregatedFund Yes N/A N/A N/A

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedFund Yes N/A N/A N/A

SunWiseEssentialSunLifeMFSInternationalValueSegregatedFund Yes N/A N/A N/A

GlobalBalanced

SunWiseEssentialCIBlackCreekGlobalBalancedSegregatedFund Yes Yes Yes Yes

SunWiseEssentialCIHarbourForeignGrowth&IncomeSegregatedFund Yes Yes Yes N/A

SunWiseEssentialCISignatureGlobalIncome&GrowthSegregatedFund Yes Yes Yes Yes

SunWiseEssentialFidelityGlobalAssetAllocationSegregatedFund Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSGlobalTotalReturnSegregatedFund Yes Yes Yes N/A

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Estate��Class

Income�Class PIM

AmericanEquity

SunWiseEssentialCIAmericanValueSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund Yes N/A N/A Yes

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedFund Yes N/A N/A N/A

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedFund Yes N/A N/A N/A

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedFund Yes N/A N/A N/A

CanadianEquity

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund Yes N/A N/A Yes

SunWiseEssentialCICanadianInvestmentSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCIHarbourSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCISignatureDividendSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCISignatureSelectCanadianSegregatedFund Yes N/A N/A Yes

SunWiseEssentialCISynergyCanadianSegregatedFund Yes N/A N/A Yes

SunWiseEssentialDynamicCanadianValueSegregatedFund Yes N/A N/A N/A

SunWiseEssentialFidelityTrueNorth®SegregatedFund Yes N/A N/A N/A

SunWiseEssentialRBCCanadianDividendSegregatedFund Yes N/A N/A N/A

CanadianBalanced

SunWiseEssentialCICambridgeCanadianAssetAllocationSegregatedFund Yes Yes Yes Yes

SunWiseEssentialCIHarbourGrowth&IncomeSegregatedFund Yes Yes Yes Yes

SunWiseEssentialCISignatureCanadianBalancedSegregatedFund Yes Yes Yes N/A

SunWiseEssentialCISignatureIncome&GrowthSegregatedFund Yes Yes Yes Yes

SunWiseEssentialFidelityCanadianAssetAllocationSegregatedFund Yes Yes Yes N/A

PortfolioSeries

SunWiseEssentialPortfolioSeriesBalancedGrowthSegregatedFund Yes Yes Yes Yes

SunWiseEssentialPortfolioSeriesBalancedSegregatedFund Yes Yes Yes Yes

SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund Yes Yes Yes Yes

SunWiseEssentialPortfolioSeriesConservativeSegregatedFund Yes Yes Yes Yes

SunWiseEssentialPortfolioSeriesGrowthSegregatedFund Yes N/A N/A Yes

SunWiseEssentialPortfolioSeriesIncomeSegregatedFund Yes Yes Yes Yes

SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund Yes N/A N/A Yes

Bundles

SunWiseEssentialCIAmericanValueSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCICambridgeAmericanEquitySegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCICambridgeCanadianEquityLowVolatilitySegregatedBundle Yes Yes Yes N/A

SunWiseEssentialCICambridgeCanadianEquitySegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCICambridgeSegregatedDiversifiedBundle Yes Yes Yes N/A

SunWiseEssentialCICanadianInvestmentSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCIGlobalSegregatedBundle Yes Yes Yes Yes

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Estate��Class

Income�Class PIM

Bundles(cont’d)

SunWiseEssentialCIHarbourLowVolatilitySegregatedBundle Yes Yes Yes N/A

SunWiseEssentialCIHarbourSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCIHarbourSegregatedDiversifiedBundle Yes Yes Yes N/A

SunWiseEssentialCISignatureDividendSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCISignatureSelectCanadianLowVolatilitySegregatedBundle Yes Yes Yes N/A

SunWiseEssentialCISignatureSelectCanadianSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCISynergyCanadianSegregatedBundle Yes Yes Yes Yes

SunWiseEssentialCISynergyGlobalSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialDynamicCanadianValueSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialDynamicGlobalValueSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedBundle Yes Yes Yes N/A

SunWiseEssentialFidelityDisciplinedSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialFidelityNorthStar®SegregatedBundle Yes Yes Yes N/A

SunWiseEssentialFidelityTrueNorth®SegregatedBundle Yes Yes Yes N/A

SunWiseEssentialRBCCanadianDividendSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSGlobalValueSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSInternationalValueSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle Yes Yes Yes N/A

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedBundle Yes Yes Yes N/A

QuotentialPortfolios

SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund Yes Yes Yes N/A

SunWiseEssentialFranklinTempletonQuotentialBalancedIncomeSegregatedFund Yes Yes Yes N/A

SunWiseEssentialFranklinTempletonQuotentialCanadianGrowthSegregatedFund Yes N/A N/A N/A

SunWiseEssentialFranklinTempletonQuotentialDiversifiedIncomeSegregatedFund Yes Yes Yes N/A

SunWiseEssentialFranklinTempletonQuotentialGlobalBalancedSegregatedFund Yes Yes Yes N/A

SunWiseEssentialFranklinTempletonQuotentialGlobalGrowthSegregatedFund Yes N/A N/A N/A

SunWiseEssentialFranklinTempletonQuotentialGrowthSegregatedFund Yes N/A N/A N/A

SunWiseEssentialFranklinTempletonQuotentialMaximumGrowthSegregatedFund Yes N/A N/A N/A

Income

SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund Yes Yes Yes Yes

SunWiseEssentialCISignatureCanadianBondSegregatedFund Yes Yes N/A Yes

SunWiseEssentialCISignatureCorporateBondSegregatedFund Yes Yes N/A Yes

SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund Yes Yes Yes Yes

SunWiseEssentialCISignatureHighIncomeSegregatedFund Yes Yes Yes Yes

SunWiseEssentialSunLifeMcLeanBuddenCanadianBondSegregatedFund Yes Yes N/A N/A

SunWiseEssentialTDCanadianBondSegregatedFund Yes Yes N/A N/A

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MoneyMarket

SunWiseEssentialCIMoneyMarketSegregatedFund Yes Yes Yes Yes

“N/A”=Notavailableinnon-PIMUnitsorPIMUnits

I-7.6 Insurance Fees, Management Fees and LWA Base Fees

Insurance�Fees

BelowisasummaryoftheannualpercentagesoftheInsuranceFeesthatarechargedinrespectofeachClassofeachFund.TheInsuranceFeelimitforeachClassofeachFundisnotedinparenthesis.ForEstateClass,thelimitisbasedonthesumoftheInsuranceFeeratechargedtotheEstateClassoftheFundandtheInsuranceFeeratechargedtotheholderoftheContractinrespectofEstateClassUnitsallocatedtotheContract.

Fund

Annual�Insurance�Fee�(and�limit)�for�Investment�Class�(%)(1)

Annual�Insurance�Fee�(and�limit)�for�Estate�Class�(%) Annual�Insurance�Fee�(and�limit)�for�Income�

Class�(%)(3)

Charged�to�Fund�or�

Contractholder(1)

Charged�to�Contractholder(2)

Total�Insurance�Fee�(and�

limit)

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCIGlobalSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCIHarbourForeignEquitySegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCISynergyGlobalSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialDynamicGlobalValueSegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialFidelityNorthStar®SegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedFund 0.65(1.15) N/A N/A N/A N/A

SunWiseEssentialSunLifeMFSGlobalValueSegregatedFund 0.65(1.15) N/A N/A N/A N/A

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedFund 0.65(1.15) N/A N/A N/A N/A

SunWiseEssentialSunLifeMFSInternationalValueSegregatedFund 0.65(1.15) N/A N/A N/A N/A

SunWiseEssentialCIBlackCreekGlobalBalancedSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialCIHarbourForeignGrowth&IncomeSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialCISignatureGlobalIncome&GrowthSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialFidelityGlobalAssetAllocationSegregatedFund 0.35(0.85) 0.35 0.45 0.80(1.30) 0.80(1.30)

SunWiseEssentialSunLifeMFSGlobalTotalReturnSegregatedFund 0.30(0.80) 0.30 0.45 0.75(1.25) 0.75(1.25)

SunWiseEssentialCIAmericanValueSegregatedFund 0.68(1.18) N/A N/A N/A N/A

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Fund



Class�(%)(3)


Contractholder(1)



limit)

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedFund 0.65(1.15) N/A N/A N/A N/A

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedFund 0.65(1.15) N/A N/A N/A N/A

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCICanadianInvestmentSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCIHarbourSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCISignatureDividendSegregatedFund 0.33(0.83) N/A N/A N/A N/A

SunWiseEssentialCISignatureSelectCanadianSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialCISynergyCanadianSegregatedFund 0.68(1.18) N/A N/A N/A N/A

SunWiseEssentialDynamicCanadianValueSegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialFidelityTrueNorth®SegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialRBCCanadianDividendSegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialCICambridgeCanadianAssetAllocationSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialCIHarbourGrowth&IncomeSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialCISignatureCanadianBalancedSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialCISignatureIncome&GrowthSegregatedFund 0.33(0.83) 0.33 0.45 0.78(1.28) 0.78(1.28)

SunWiseEssentialFidelityCanadianAssetAllocationSegregatedFund 0.35(0.85) 0.35 0.45 0.80(1.30) 0.80(1.30)

SunWiseEssentialPortfolioSeriesBalancedGrowthSegregatedFund 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialPortfolioSeriesBalancedSegregatedFund 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialPortfolioSeriesConservativeSegregatedFund 0.26(0.76) 0.26 0.45 0.71(1.21) 0.71(1.21)

SunWiseEssentialPortfolioSeriesGrowthSegregatedFund 0.41(0.91) N/A N/A N/A N/A

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Fund



Class�(%)(3)


Contractholder(1)



limit)

SunWiseEssentialPortfolioSeriesIncomeSegregatedFund 0.21(0.71) 0.21 0.35 0.56(1.06) 0.56(1.06)

SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund 0.56(1.06) N/A N/A N/A N/A

SunWiseEssentialCIAmericanValueSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCICambridgeAmericanEquitySegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCICambridgeCanadianEquityLowVolatilitySegregatedBundle 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialCICambridgeCanadianEquitySegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCICambridgeSegregatedDiversifiedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCICanadianInvestmentSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCIGlobalSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCIHarbourLowVolatilitySegregatedBundle 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialCIHarbourSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCIHarbourSegregatedDiversifiedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCISignatureDividendSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCISignatureSelectCanadianLowVolatilitySegregatedBundle 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialCISignatureSelectCanadianSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCISynergyCanadianSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialCISynergyGlobalSegregatedBundle 0.38(0.88) 0.38 0.55 0.93(1.43) 0.93(1.43)

SunWiseEssentialDynamicCanadianValueSegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

SunWiseEssentialDynamicGlobalValueSegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

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Fund



Class�(%)(3)


Contractholder(1)



limit)

SunWiseEssentialFidelityDisciplinedSegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

SunWiseEssentialFidelityNorthStar®SegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

SunWiseEssentialFidelityTrueNorth®SegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

SunWiseEssentialRBCCanadianDividendSegregatedBundle 0.40(0.90) 0.40 0.55 0.95(1.45) 0.95(1.45)

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedBundle 0.35(0.85) 0.35 0.55 0.90(1.40) 0.90(1.40)

SunWiseEssentialSunLifeMFSGlobalValueSegregatedBundle 0.35(0.85) 0.35 0.55 0.90(1.40) 0.90(1.40)

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedBundle 0.35(0.85) 0.35 0.55 0.90(1.40) 0.90(1.40)

SunWiseEssentialSunLifeMFSInternationalValueSegregatedBundle 0.35(0.85) 0.35 0.55 0.90(1.40) 0.90(1.40)

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle 0.35(0.85) 0.35 0.55 0.90(1.40) 0.90(1.40)

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedBundle 0.35(0.85) 0.35 0.55 0.90(1.40) 0.90(1.40)

SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund 0.35(0.85) 0.35 0.45 0.80(1.30) 0.80(1.30)

SunWiseEssentialFranklinTempletonQuotentialBalancedIncomeSegregatedFund 0.30(0.80) 0.30 0.45 0.75(1.25) 0.75(1.25)

SunWiseEssentialFranklinTempletonQuotentialCanadianGrowthSegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialFranklinTempletonQuotentialDiversifiedIncomeSegregatedFund 0.20(0.70) 0.20 0.40 0.60(1.10) 0.60(1.10)

SunWiseEssentialFranklinTempletonQuotentialGlobalBalancedSegregatedFund 0.35(0.85) 0.35 0.45 0.80(1.30) 0.80(1.30)

SunWiseEssentialFranklinTempletonQuotentialGlobalGrowthSegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialFranklinTempletonQuotentialGrowthSegregatedFund 0.50(1.00) N/A N/A N/A N/A

SunWiseEssentialFranklinTempletonQuotentialMaximumGrowthSegregatedFund 0.70(1.20) N/A N/A N/A N/A

SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund 0.16(0.66) 0.16 0.35 0.51(1.01) 0.51(1.01)

SunWiseEssentialCISignatureCanadianBondSegregatedFund 0.15(0.65) 0.15 0.30 0.45(0.95) N/A

SunWiseEssentialCISignatureCorporateBondSegregatedFund 0.25(0.75) 0.25 0.30 0.55(1.05) N/A

SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

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SunWiseEssentialCISignatureHighIncomeSegregatedFund 0.31(0.81) 0.31 0.45 0.76(1.26) 0.76(1.26)

SunWiseEssentialSunLifeMcLeanBuddenCanadianBondSegregatedFund 0.15(0.65) 0.15 0.30 0.45(0.95) N/A

SunWiseEssentialTDCanadianBondSegregatedFund 0.15(0.65) 0.15 0.30 0.45(0.95) N/A

SunWiseEssentialCIMoneyMarketSegregatedFund 0.10(0.60) 0.10 0.15 0.25(0.75) 0.25(0.75)

(1)ForInvestmentClassandEstateClass,thisInsuranceFeeiscalculatedbasedontherelevantClassValueandchargedtotheFund.ForPIMInvestmentClassandPIMEstateClass,thisInsuranceFeeiscalculatedbasedontheAggregateUnitValueofPIMInvestmentClassUnitsorPIMEstateClassUnits,asapplicable,allocatedtotheContractandchargedtoyou.SeeSection10.1oftheContractforadditionalinformation.

(2)ForEstateClassandPIMEstateClass,thisportionoftheInsuranceFeeiscalculatedbasedontheDeathBenefitBaseforsuchClass.SeeSection10.1oftheContractforadditionalinformation.

(3)For Income Class and PIM Income Class, this Insurance Fee is calculated based on the LWA Base. See Section 10.1 of the Contract foradditionalinformation.

Management�Fees

BelowisasummaryoftheannualpercentagesoftheManagementFeesthatarechargedinrespectofeachClassofeachFund(otherthanPIMUnits).

FundAnnual�Management�Fee(1)�(all�Classes�

except�PIM�Units)�(%)

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund 2.02

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund 2.02

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund 2.02

SunWiseEssentialCIGlobalSegregatedFund 2.02

SunWiseEssentialCIHarbourForeignEquitySegregatedFund 2.02

SunWiseEssentialCISynergyGlobalSegregatedFund 2.02

SunWiseEssentialDynamicGlobalValueSegregatedFund 2.20

SunWiseEssentialFidelityNorthStar®SegregatedFund 2.20

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedFund 2.14

SunWiseEssentialSunLifeMFSGlobalValueSegregatedFund 2.14

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedFund 2.14

SunWiseEssentialSunLifeMFSInternationalValueSegregatedFund 2.14


SunWiseEssentialCIHarbourForeignGrowth&IncomeSegregatedFund 2.02


SunWiseEssentialFidelityGlobalAssetAllocationSegregatedFund 2.20

SunWiseEssentialSunLifeMFSGlobalTotalReturnSegregatedFund 2.14

SunWiseEssentialCIAmericanValueSegregatedFund 2.02

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund 2.02

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedFund 2.20

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedFund 2.14

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedFund 2.14

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund 2.02

SunWiseEssentialCICanadianInvestmentSegregatedFund 2.02

SunWiseEssentialCIHarbourSegregatedFund 2.02

SunWiseEssentialCISignatureDividendSegregatedFund 2.02

SunWiseEssentialCISignatureSelectCanadianSegregatedFund 2.02

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SunWiseEssentialCISynergyCanadianSegregatedFund 2.02

SunWiseEssentialDynamicCanadianValueSegregatedFund 2.20

SunWiseEssentialFidelityTrueNorth®SegregatedFund 2.20

SunWiseEssentialRBCCanadianDividendSegregatedFund 2.20



SunWiseEssentialCISignatureCanadianBalancedSegregatedFund 2.02


SunWiseEssentialFidelityCanadianAssetAllocationSegregatedFund 2.20





SunWiseEssentialPortfolioSeriesGrowthSegregatedFund 2.02


SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund 2.02





SunWiseEssentialCICambridgeCanadianEquityLowVolatilitySegregatedBundle 2.02



SunWiseEssentialCICambridgeSegregatedDiversifiedBundle 2.02



SunWiseEssentialCIHarbourLowVolatilitySegregatedBundle 2.02


SunWiseEssentialCIHarbourSegregatedDiversifiedBundle 2.02


SunWiseEssentialCISignatureSelectCanadianLowVolatilitySegregatedBundle 2.02



SunWiseEssentialCISynergyGlobalSegregatedBundle 2.02

SunWiseEssentialDynamicCanadianValueSegregatedBundle 2.20

SunWiseEssentialDynamicGlobalValueSegregatedBundle 2.20

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedBundle 2.20

SunWiseEssentialFidelityDisciplinedSegregatedBundle 2.20

SunWiseEssentialFidelityNorthStar®SegregatedBundle 2.20

SunWiseEssentialFidelityTrueNorth®SegregatedBundle 2.20

SunWiseEssentialRBCCanadianDividendSegregatedBundle 2.20

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedBundle 2.10

SunWiseEssentialSunLifeMFSGlobalValueSegregatedBundle 2.10

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SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedBundle 2.10

SunWiseEssentialSunLifeMFSInternationalValueSegregatedBundle 2.10

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle 2.10

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedBundle 2.10

SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialBalancedIncomeSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialCanadianGrowthSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialDiversifiedIncomeSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialGlobalBalancedSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialGlobalGrowthSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialGrowthSegregatedFund 2.15

SunWiseEssentialFranklinTempletonQuotentialMaximumGrowthSegregatedFund 2.15


SunWiseEssentialCISignatureCanadianBondSegregatedFund 1.70

SunWiseEssentialCISignatureCorporateBondSegregatedFund 1.80



SunWiseEssentialSunLifeMcLeanBuddenCanadianBondSegregatedFund 1.80

SunWiseEssentialTDCanadianBondSegregatedFund 1.80


(1)ManagementFeesincludethemanagementfeeschargedinrespectoftheUnderlyingFunds.

PolicyholdersinPIMUnitsarechargedaPIMManagementFeeforprovidinggeneralmanagementandadministrativeservices.AnembeddedPIMManagementFeeof0.15%isincludedinallPIMUnits(otherthanSunWiseEssentialCIMoneyMarketSegregatedFund)andcalculatedasanannualpercentageofitsClassValue.ItiscalculatedandaccrueddailyandpaiddailyormonthlyoutoftheassetsofthatClassoftheFund.TheremainderofthePIMManagementFeeischargedtoyou(ratherthantotheFund)onaquarterlybasisandiscalculatedasanannualpercentageoftheAggregateUnitValueofPIMUnitsofthatFundallocatedtotheContract.BelowisasummaryoftheannualpercentagesofthePIMManagementFeeschargedtoyouquarterlyinrespecttoPIMUnitsofthatFundallocatedtotheContract.PIMManagementFeeschargedtoyouquarterlyarereducedforthatportionoftheAggregateUnitValueofPIMUnitsallocatedtotheContractthatexceedcertainthresholdsassummarizedbelow.

Fund

PIM�Management�Fees�Charged�Quarterly

Aggregate�Unit�Value�

of�PIM�Units�of�the�Fund�allocated�to�the�Contract�of�$250,000�

or�less*�


of�PIM�Units�of�the�Fund�allocated�to�the�Contract�

between�$250,001�and�

$500,000*




$1�million*


of�PIM�Units�of�the�Fund�allocated�to�the�Contract�between�$1�million�and�$3�million*�


of�PIM�Units�of�the�Fund�allocated�to�the�Contract�between�$3�million�and�$5�million*



over��$5�million*

SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeGlobalEquitySegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIGlobalSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIHarbourForeignEquitySegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

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Fund




or�less*�




$500,000*




$1�million*








SunWiseEssentialCIBlackCreekGlobalBalancedSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCISignatureGlobalIncome&GrowthSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCIAmericanValueSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeAmericanEquitySegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeCanadianEquitySegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICanadianInvestmentSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIHarbourSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISignatureDividendSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISignatureSelectCanadianSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISynergyCanadianSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeCanadianAssetAllocationSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCIHarbourGrowth&IncomeSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCISignatureIncome&GrowthSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialPortfolioSeriesBalancedGrowthSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialPortfolioSeriesBalancedSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialPortfolioSeriesConservativeBalancedSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialPortfolioSeriesConservativeSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialPortfolioSeriesGrowthSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialPortfolioSeriesIncomeSegregatedFund 0.55 0.525 0.45 0.40 0.35 0.30

SunWiseEssentialPortfolioSeriesMaximumGrowthSegregatedFund 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIAmericanValueSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

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Fund




or�less*�




$500,000*




$1�million*








SunWiseEssentialCIBlackCreekGlobalLeadersSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIBlackCreekInternationalEquitySegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeAmericanEquitySegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeCanadianEquitySegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICambridgeGlobalEquitySegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCICanadianInvestmentSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIGlobalSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCIHarbourSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISignatureDividendSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISignatureSelectCanadianSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISynergyCanadianSegregatedBundle 0.95 0.90 0.75 0.65 0.60 0.50

SunWiseEssentialCISelectIncomeAdvantageManagedSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCISignatureCanadianBondSegregatedFund 0.55 0.525 0.45 0.40 0.35 0.30

SunWiseEssentialCISignatureCorporateBondSegregatedFund 0.55 0.525 0.45 0.40 0.35 0.30

SunWiseEssentialCISignatureDiversifiedYieldSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCISignatureHighIncomeSegregatedFund 0.85 0.75 0.60 0.55 0.50 0.40

SunWiseEssentialCIMoneyMarketSegregatedFund 0.55 0.50 0.425 0.35 0.325 0.30

*PIMManagementFeelevelschargedtoyouquarterlymaybereducedbyincludingadditionalPIMUnitsfromotherproductsoutsideofthisContract.AnysucharrangementisbetweenyouandCIandisnotanentitlementunderthisContract.

LWA�Base�Fees

BelowisasummaryoftheannualpercentagesoftheLWABaseFeesthatarechargedinrespectofIncomeClassUnitsofeachFundallocatedtotheContractandwhicharecalculatedbasedontheLWABase.SeeSection13.17oftheContractforadditionalinformation.

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Fund LWABaseFee(%)


SunWiseEssentialCIHarbourForeignGrowth&IncomeSegregatedFund 0.65


SunWiseEssentialFidelityGlobalAssetAllocationSegregatedFund 0.65

SunWiseEssentialSunLifeMFSGlobalTotalReturnSegregatedFund 0.65



SunWiseEssentialCISignatureCanadianBalancedSegregatedFund 0.55


SunWiseEssentialFidelityCanadianAssetAllocationSegregatedFund 0.65










SunWiseEssentialCICambridgeCanadianEquityLowVolatilitySegregatedBundle 0.40



SunWiseEssentialCICambridgeSegregatedDiversifiedBundle 0.50



SunWiseEssentialCIHarbourLowVolatilitySegregatedBundle 0.40


SunWiseEssentialCIHarbourSegregatedDiversifiedBundle 0.50


SunWiseEssentialCISignatureSelectCanadianLowVolatilitySegregatedBundle 0.40



SunWiseEssentialCISynergyGlobalSegregatedBundle 0.50

SunWiseEssentialDynamicCanadianValueSegregatedBundle 0.50

SunWiseEssentialDynamicGlobalValueSegregatedBundle 0.50

SunWiseEssentialFidelityAmericanDisciplinedEquity®SegregatedBundle 0.50

SunWiseEssentialFidelityDisciplinedSegregatedBundle 0.50

SunWiseEssentialFidelityNorthStar®SegregatedBundle 0.50

SunWiseEssentialFidelityTrueNorth®SegregatedBundle 0.50

SunWiseEssentialRBCCanadianDividendSegregatedBundle 0.50

SunWiseEssentialSunLifeMFSGlobalGrowthSegregatedBundle 0.50

SunWiseEssentialSunLifeMFSGlobalValueSegregatedBundle 0.50

SunWiseEssentialSunLifeMFSInternationalGrowthSegregatedBundle 0.50

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Fund LWABaseFee(%)

SunWiseEssentialSunLifeMFSInternationalValueSegregatedBundle 0.50

SunWiseEssentialSunLifeMFSU.S.GrowthSegregatedBundle 0.50

SunWiseEssentialSunLifeMFSU.S.ValueSegregatedBundle 0.50

SunWiseEssentialFranklinTempletonQuotentialBalancedGrowthSegregatedFund 0.65

SunWiseEssentialFranklinTempletonQuotentialBalancedIncomeSegregatedFund 0.45

SunWiseEssentialFranklinTempletonQuotentialDiversifiedIncomeSegregatedFund 0.40

SunWiseEssentialFranklinTempletonQuotentialGlobalBalancedSegregatedFund 0.65





Fees�and�Charges�paid�by�the�Funds�or�you

ThefollowingtablesummarizeswhichfeesandchargesarepaidbyeachFundandwhichfeesandchargesarepaidbyyou.

DescriptionofFeeorCharge PaidbyFund PaidbyYou

InsuranceFee:

InvestmentClass(otherthanPIMInvestmentClass) Yes No

PIMInvestmentClass No Yes

EstateClass(otherthanPIMEstateClass) Part Part

PIMEstateClass No Yes

IncomeClass No Yes

ManagementFee:

InvestmentClass(otherthanPIMInvestmentClass) Yes No

EstateClass(otherthanPIMEstateClass) Yes No

IncomeClass(otherthanPIMIncomeClass) Yes No

PIMManagementFee Part Part

LWABaseFee:

LWABaseFee No Yes

DealerCompensation:

Commission(InitialSalesChargeUnits) No Yes

Commission(DeferredSalesChargeUnits) No No

Servicingcommission No No

PIMinvestmentadvisoryfee No Yes

Transaction-specific:

Deferredsalescharge No Yes

Earlywithdrawalfee No Yes

Changefee(transferorreclassification) No Yes

SUN LIFE ASSURANCE COMPANY OF CANADA

SunLifeAssuranceCompanyofCanadawasincorporatedinCanadain1865andcommencedbusinessin1871.SunLife’sHeadOfficeaddressis150KingStreetWest,Toronto,Ontario,M5H1J9.

Dear Client,

The following Addendum is being added to all Contracts purchased beginning July 1, 2012 as a result of Insurance Act

changes in Alberta and British Columbia relating to the time limit to begin a lawsuit for payment of insurance money.

The requirement has been adapted and applied to the Contract so that it is applicable to all provinces and territories.

Sincerely,

CI Investments

----------------------------------------------------------------------------------------------------------------------------------------------

SunWise Essential Series AddendumThe following is added into section 1.10 on page C-6

SECTION 1GENERAL

1.10 Additional information which forms part of the Contract

Time limit for recovery of insurance money EveryactionorproceedingagainstaninsurerfortherecoveryofinsurancemoneypayableunderthecontractisabsolutelybarredunlesscommencedwithinthetimesetoutintheInsuranceActortheprovincialorterritoriallegislationthatappliestothispolicy.

issued by Sun Life Assurance Company of Canadamanaged by CI Investments Inc.

Sun Life Assurance Company of Canada

227 King Street SouthP.O. Box 1601 STN WaterlooWaterloo, Ontario N2J 4C5

1111-1541_E (1/12)

2 Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I www.ci.comHead Office / Toronto416-364-1145 1-800-268-9374

Calgary 403-205-43961-800-776-9027

Montreal 514-875-0090 1-800-268-1602

Vancouver 604-681-3346 1-800-665-6994

Client Services English: 1-800-563-5181 French: 1-800-668-3528

For more information about the innovative features

and benefits of SunWise Essential Series,

please visit www.sunwiseessentialseries.com

Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in SunWise Essential Series segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the Information Folder. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value. CI Investments and CI Investments design, Synergy Mutual Funds, Harbour Advisors, Harbour Funds, Cambridge, and Signature Global Advisors are registered trademarks of CI Investments Inc. Portfolio Series and Signature Funds are trademarks of CI Investments Inc. SunWise is a registered trademark of Sun Life Assurance Company of Canada. RBC Asset Management and Phillips, Hager & North are registered trademarks of Royal Bank of Canada. Used under liscence. Franklin Templeton Investments Quotential Program is a trademark of Franklin Templeton Investment Company.

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