Abdul and Debra Tannir Book 2

Complicated Questions. Simple Answers. Life Insured.

Abdul & Debra Tannir Sun Life Home Office Illustrations March, 2022

Gary H. Scholnick, CLU ChFC | Advanced income Strategies, LLC | o 248.723.1020 | f 248.723.1022

Sun Life Assurance Company of Canada P.O. Box 9106 Wellesley Hills, MA 02481-9106

Tel: 800-862-6266 Fax: 888-863-8311 ICS@SunLife.com

March 14, 2022

Gary Scholnick Sent via email to: gary@adv-income.com

Re:

Policy Number:

9284750

Life Insured:

Abdul Tannir

Dear Gary:

This letter is in response to your conversation with Jennifer Flynn on March 9, 2022. Information was requested on this policy.

The Net Taxable Gain on this policy as of March 14, 2022 is $79,864.38. This is the amount of money earned on this policy above and beyond what you paid into it.

Please note that: · If this policy is surrendered the Internal Revenue Service requires Sun Life to withhold 10% of the Net Taxable Gain of this policy. The amount of Federal Income tax to be withheld is $7,986.44. This amount will be submitted by Sun Life to the IRS on the surrender date. · The Net Taxable Gain and the Taxes Withheld will be reported on the policyowners next 1099-R form. · Please consult a tax advisor if you have any questions

The first illustration assumes that out-of-pocket payments are paid each year. This illustration assumes that the annual loan interest will be paid.

The second illustration assumes that out-of-pocket payments are paid each year. This illustration assumes that the annual loan interest will not be paid.

Sun Life Assurance Company of Canada is a member of the Sun Life group of companies.

www.sunlife.com

The third illustration assumes the policyowners choose to use the dividends and loans against the cash value to pay the premium starting in policy year 31. If the dividends and loan value are not enough to pay the premium, we will bill the policyowner for the difference. You will find this amount in the “Net Annual Outlay” column of the illustration. This illustration assumes the policyowner will pay the annual loan interest that would accrue each year on any loans. The fourth illustration assumes the policyowners choose to use the dividends and loans against the cash value to pay the premium starting in policy year 31. If the dividends and loan value are not enough to pay the premium, we will bill the policyowner for the difference. You will find this amount in the “Net Annual Outlay” column of the illustration. This illustration assumes the policyowner will not pay the annual loan interest that would accrue each year on any loans. The fifth illustration assumes the policy will be changed to a Reduced Paid Up status as of the next policy anniversary, March 10, 2023. The Reduced Paid Up option reduces the overall face amount provided by the policy. However, you will never have to pay premiums again. The policy is still eligible to earn dividends based on the reduced face amount. Any dividends you earn will then be added to the death benefit. This illustration assumes that the annual loan interest will be paid. The sixth illustration assumes the policy will be changed to a Reduced Paid Up status as of the next policy anniversary, March 10, 2023. The Reduced Paid Up option reduces the overall face amount provided by the policy. However, you will never have to pay premiums again. The policy is still eligible to earn dividends based on the reduced face amount. Any dividends you earn will then be added to the death benefit. This illustration assumes that the annual loan interest will not be paid. We calculate the loan interest for the previous year and mail the policyowner(s) a bill on the policy’s anniversary. We add the interest amount to the principal loan balance if it is not paid by the due date. The interest charged on the following policy anniversary would be calculated based on this higher loan amount. Any loan payments the policyowner(s) make during the year are automatically applied to the loan principal. The interest charged on the following policy anniversary would be calculated based on this lower loan amount. If the cash value of the policy is not enough to pay the loan interest, we will bill the policyowner for the difference. The amount the policyowner(s) will be billed is in the “Net Annual Outlay” column of the illustration · If the loan grows to more than the maximum amount allowed, this policy may be cancelled · If a claim is filed, any outstanding loans will be deducted from the death benefit. This includes any interest owing on the loan since the last policy anniversary · Any loan quote provided during the policy year will include the interest accrued from the last anniversary Important information ·

Please complete and return the enclosed form to use any available dividends to pay future premiums.

Please complete only the following sections of this form: Section 1 – Policy and Trustee Information

Section 2 – Type of Request Section 5 – Pay-by-Dividend Section 6 – Signature(s) ·

Policy Owner, Abdul Tannir must sign this form.

Please note that the policyowner will be billed for any shortfall if dividends are not enough to pay the premium.

Please complete and return the enclosed Policy Change Request form to change the policy status to Reduced Paid-Up for this policy.

Please complete only the following sections of this form: Section 1 – Policy Information Section 4 – Policy status change Section 6 – Signature(s) ·

Policy Owner, Abdul Tannir must sign this form.

Please submit this form within 90 days of the policy anniversary March 10, as contractual policy changes are processed effective this date.

We will process your request within 10 days of receiving all of the required information. You will receive written confirmation of the change after it is complete. Please return the completed form to us by e-mail at ics@sunlife.com or by fax to 888-863-8311 or by mail at the following address:

Individual Customer Service Sun Life P.O. Box 9106 Wellesley Hills MA 02481-9106

If you have any questions, please call our Contact Center at 800-862-6266. Thank you for choosing Sun Life.

Sincerely,

Kartik Nain Customer Service Coordinator Individual Customer Service

Enclosures:

Illustrations (6) Premium Changes, Suppressed Billing, Dividend Option Changes & Pay-by-Dividend (LGFM-5347 [Rev 2020-02-17] Policy Change Request (LGFM-2115 [Rev 2018-01-10])

cc:

Mrs. Hio I. Rumschlag Napco, Inc. 30301 Northwestern Highwy Suite 200 Farmington Hills MI 48334

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 1

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Overview: This in-force illustration states the premium due, total cash value and death benefit of your policy for the current policy year, as of 03/14/2022. This illustration is not a contract and will not become part of the policy already issued to you. The illustrated values below are intended to show how your values may change in the future. 2022 Dividend Scale Notice: Beginning April 1, 2022 the Company’s 2022 dividend scale will take effect. The illustrated values shown below assume that the 2022 dividend scale will apply in all policy years. Please note if this policy has an anniversary and will receive its next dividend on or before March 31, 2022 the actual dividend paid will be based on the Company’s 2021 dividend scale. Assumptions: The policy values projected in this illustration are based on a number of assumptions about Sun Life Assurance Company of Canada's Dividend Scale. Other assumptions made for this illustration include those about any optional benefits, extra charges and the timing of premium payments. Policy values projected would be greater or less if these assumptions were changed. Loan amounts and loan rates will affect dividends. The non-guaranteed projections are not predictions of what will actually occur in the future. This illustration assumes that the 2022 dividend scale will apply in all years. Please note that the dividend scale will change over time, and is dependent upon our actual investment results, mortality costs, and expense experience. 100% of the Special Maturity Dividend Scale has been added to the total death benefit starting in year 10 and to total cash value starting in year 20. The Special Maturity Dividend is not vested, is subject to being changed at any time, and is payable only at death or surrender. Basis of Projected Values: The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. The illustrated annual dividends, total cash values, and total death benefits shown are as of the end of the referenced policy year. Dividends are only payable at the end of any policy year. Pro-rated dividends are not paid if the policy is terminated at any point prior to the end of the policy year. Premium payments are due until the end of the contractual premium payment period. This illustration shows how your annual dividends might be used to pay those premiums, beginning in some future year. Since dividends are not guaranteed, the number of your actual out-of-pocket payments will in all likelihood differ from what is shown in this illustration, and may extend well beyond the number of payments illustrated here. Policy loans and withdrawals not illustrated will adversely impact the amount of dividends received and could result in additional out-of-pocket cost. Annual Review: Over the past few years, declining interest rates have resulted in lower investment yields and reduced annual dividends. This will change any projected out-of-pocket premium payments, cash values, and death benefits illustrated for you at the time of the initial sale of your policy. Please contact us each year for a current status regarding your policy values and your premium payment obligations.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 1 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 1

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Contract Premium: The Contract Premium illustrated for the next policy year includes an amount for the following plan of insurance and riders, if any:

Annual Premium 6,945.50 _______

Plan Components Base Policy

Face Amount

Payable to Age:

350,000

100

Next Year's Modal Premium

6,945.50

Policy Loan: Policy values reflect an outstanding policy loan of $259,306.25. Values shown for the current duration reflect the current outstanding loan balance, but not the interest accrued since the last anniversary date. Policy loan interest of $ 10,372.25 is due on your next policy anniversary. Loan interest is illustrated at 4.00% . The loan interest rate is subject to change annually on the policy anniversary. This illustration assumes loan interest is paid annually in cash. Taxation of Distribution from the Policy: When dividends are withdrawn, the amount withdrawn in excess of total premiums paid will create a tax liability. Any reduction in face amount that has been illustrated MAY result in the contract becoming a Modified Endowment Contract (MEC). Please consult your tax advisor with any questions regarding taxation.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 2 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life GUARANTEED VALUES

Illustration 1

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

This page illustrates guaranteed values using the following assumptions: • Premiums are paid in cash as shown • Any existing loan balance is repaid and no further loans are taken • No dividends are ever paid

Total Guaranteed Death Benefit

Guaranteed Cash Value

Guaranteed Paid-Up Additions

Policy Year

Contract Premium

270,592 279,709 288,787 297,769 306,581 315,177 323,542 331,679 339,620 347,417 355,098 362,654 370,053 377,225 384,096 390,630 396,824 402,723 408,381 413,887 419,342 424,868 430,619 436,783 443,589

168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811

518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946

The premium shown in year 30 is the full contractual premium that is due in that year. It does not reflect whether that premium has been paid as of the date of this illustration.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 3 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life GUARANTEED VALUES

Illustration 1

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

This page illustrates guaranteed values using the following assumptions: • Premiums are paid in cash as shown • Any existing loan balance is repaid and no further loans are taken • No dividends are ever paid

Total Guaranteed Death Benefit

Guaranteed Cash Value

Guaranteed Paid-Up Additions

Policy Year

Contract Premium

55 56 57 58 59

6,946 6,946 6,946 6,946 6,946 _________ 208,380

451,219 459,774 469,166 479,052 488,802

168,811 168,811 168,811 168,811 168,811

518,811 518,811 518,811 518,811 518,811

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 4 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life TABULAR DETAIL PAGES

Illustration 1

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net annual outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. For example, your net annual outlay may differ from what is shown below and actual out-of-pocket payments may extend well beyond any year where a zero is shown in that column.

Net Annual Outlay

Net Cash Value

Total Death Benefit 331,268 335,625 339,811 343,820 347,657 351,333 354,866 358,284 361,604 364,835 367,976 371,023 374,055 377,144 380,401 383,833 387,432 391,160 394,919 398,665

Policy Year

Premium Plus Interest

Annual Loan

Annual Dividend

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

6,946 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

955 873 785 691 596 506 424 356 297 243 187 128 119 157 268 387 500 588 610 601

6,946 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318

34,236 46,578 58,911 71,160 83,237 95,087 106,695 118,074 129,263 140,322 151,275 162,106 172,828 183,415 193,860 204,127 214,204 224,113 233,838 243,444

See page 3 for the guaranteed policy values. This illustration is not a contract nor will it become part of any policy issued by us. The policy constitutes the actual agreement of coverage and contains the entire terms of the contract. Premium in year 30 is the remainder of premium due in that year. The illustration assumes all premiums due, prior to the above reproposal date, have been paid.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 5 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life TABULAR DETAIL PAGES

Illustration 1

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net annual outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. For example, your net annual outlay may differ from what is shown below and actual out-of-pocket payments may extend well beyond any year where a zero is shown in that column.

Net Annual Outlay

Net Cash Value

Total Death Benefit 402,343 405,893 409,255 412,372 415,252 418,133 421,013 423,894 426,774 430,444

Policy Year

Premium Plus Interest

Annual Loan

Annual Dividend

50 51 52 53 54 55 56 57 58 59

17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 _________ 509,168

0 0 0 0 0 0 0 0 0 0 _________ 0

555 468 337 166

17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 17,318 _________ 509,168

253,008 262,627 272,434 282,614 293,459 305,402 318,581 332,904 347,949 363,656

0 0 0 0 0 585 _________ 11,381

See page 3 for the guaranteed policy values.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 6 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 2

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Overview: This in-force illustration states the premium due, total cash value and death benefit of your policy for the current policy year, as of 03/14/2022. This illustration is not a contract and will not become part of the policy already issued to you. The illustrated values below are intended to show how your values may change in the future. 2022 Dividend Scale Notice: Beginning April 1, 2022 the Company’s 2022 dividend scale will take effect. The illustrated values shown below assume that the 2022 dividend scale will apply in all policy years. Please note if this policy has an anniversary and will receive its next dividend on or before March 31, 2022 the actual dividend paid will be based on the Company’s 2021 dividend scale. Assumptions: The policy values projected in this illustration are based on a number of assumptions about Sun Life Assurance Company of Canada's Dividend Scale. Other assumptions made for this illustration include those about any optional benefits, extra charges and the timing of premium payments. Policy values projected would be greater or less if these assumptions were changed. Loan amounts and loan rates will affect dividends. The non-guaranteed projections are not predictions of what will actually occur in the future. This illustration assumes that the 2022 dividend scale will apply in all years. Please note that the dividend scale will change over time, and is dependent upon our actual investment results, mortality costs, and expense experience. 100% of the Special Maturity Dividend Scale has been added to the total death benefit starting in year 10 and to total cash value starting in year 20. The Special Maturity Dividend is not vested, is subject to being changed at any time, and is payable only at death or surrender. Basis of Projected Values: The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. The illustrated annual dividends, total cash values, and total death benefits shown are as of the end of the referenced policy year. Dividends are only payable at the end of any policy year. Pro-rated dividends are not paid if the policy is terminated at any point prior to the end of the policy year. Premium payments are due until the end of the contractual premium payment period. This illustration shows how your annual dividends might be used to pay those premiums, beginning in some future year. Since dividends are not guaranteed, the number of your actual out-of-pocket payments will in all likelihood differ from what is shown in this illustration, and may extend well beyond the number of payments illustrated here. Policy loans and withdrawals not illustrated will adversely impact the amount of dividends received and could result in additional out-of-pocket cost. Annual Review: Over the past few years, declining interest rates have resulted in lower investment yields and reduced annual dividends. This will change any projected out-of-pocket premium payments, cash values, and death benefits illustrated for you at the time of the initial sale of your policy. Please contact us each year for a current status regarding your policy values and your premium payment obligations.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 1 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 2

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Contract Premium: The Contract Premium illustrated for the next policy year includes an amount for the following plan of insurance and riders, if any:

Annual Premium 6,945.50 _______

Plan Components Base Policy

Face Amount

Payable to Age:

350,000

100

Next Year's Modal Premium

6,945.50

Policy Loan: Policy values reflect an outstanding policy loan of $259,306.25. Values shown for the current duration reflect the current outstanding loan balance, but not the interest accrued since the last anniversary date. Policy loan interest of $ 10,372.25 is due on your next policy anniversary. Loan interest is illustrated at 4.00% . The loan interest rate is subject to change annually on the policy anniversary. This illustration assumes loan interest is paid annually through policy loans (if available). Taxation of Distribution from the Policy: When dividends are withdrawn, the amount withdrawn in excess of total premiums paid will create a tax liability. Any reduction in face amount that has been illustrated MAY result in the contract becoming a Modified Endowment Contract (MEC). Please consult your tax advisor with any questions regarding taxation.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 2 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life GUARANTEED VALUES

Illustration 2

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

This page illustrates guaranteed values using the following assumptions: • Premiums are paid in cash as shown • Any existing loan balance is repaid and no further loans are taken • No dividends are ever paid

Total Guaranteed Death Benefit

Guaranteed Cash Value

Guaranteed Paid-Up Additions

Policy Year

Contract Premium

270,592 279,709 288,787 297,769 306,581 315,177 323,542 331,679 339,620 347,417 355,098 362,654 370,053 377,225 384,096 390,630 396,824 402,723 408,381 413,887 419,342 424,868 430,619 436,783 443,589

168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811

518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946

The premium shown in year 30 is the full contractual premium that is due in that year. It does not reflect whether that premium has been paid as of the date of this illustration.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 3 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life GUARANTEED VALUES

Illustration 2

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

This page illustrates guaranteed values using the following assumptions: • Premiums are paid in cash as shown • Any existing loan balance is repaid and no further loans are taken • No dividends are ever paid

Total Guaranteed Death Benefit

Guaranteed Cash Value

Guaranteed Paid-Up Additions

Policy Year

Contract Premium

55 56 57 58 59

6,946 6,946 6,946 6,946 6,946 _________ 208,380

451,219 459,774 469,166 479,052 488,802

168,811 168,811 168,811 168,811 168,811

518,811 518,811 518,811 518,811 518,811

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 4 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life TABULAR DETAIL PAGES

Illustration 2

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net annual outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. For example, your net annual outlay may differ from what is shown below and actual out-of-pocket payments may extend well beyond any year where a zero is shown in that column.

Annual Loan Interest 0 10,372 10,703 11,087 11,465 11,835 12,194 12,540 12,875 13,200 13,517 13,827 14,130 14,425 14,709 14,980 15,239 15,484 15,717 15,940

Net Annual Outlay 6,946 9,060 8,043 8,570 9,170 9,815 10,470 11,111 11,702 12,230 12,715 13,195 13,698 14,259 14,877 15,468 16,059 16,602 17,085 17,479

Net Cash Value 34,236 38,320 41,048 43,835 46,671 49,555 52,494 55,497 58,568 61,711 64,918 68,171 71,452 74,746 78,099 81,449 84,801 88,168 91,563 95,006

Total Death Benefit 331,268 327,367 321,947 316,494 311,090 305,800 300,664 295,708 290,909 286,224 281,619 277,089 272,657 268,396 264,468 260,860 257,586 254,609 251,882 249,326

Policy Year

Premium Due

Annual Loan

Annual Dividend

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946

0 8,258 9,605 9,462 9,241 8,965 8,670 8,375 8,119 7,915 7,747 7,577 7,377 7,111 6,778 6,458 6,125 5,827 5,577 5,406

955 873 785 691 596 506 424 356 297 243 187 128 62

0 0 0 0 0 0 0

See page 3 for the guaranteed policy values. This illustration is not a contract nor will it become part of any policy issued by us. The policy constitutes the actual agreement of coverage and contains the entire terms of the contract. Premium in year 30 is the remainder of premium due in that year. The illustration assumes all premiums due, prior to the above reproposal date, have been paid.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 5 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life TABULAR DETAIL PAGES

Illustration 2

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net annual outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. For example, your net annual outlay may differ from what is shown below and actual out-of-pocket payments may extend well beyond any year where a zero is shown in that column.

Annual Loan Interest

Net Annual Outlay

Net Cash Value

Total Death Benefit 246,845 244,326 241,626 238,570 234,947 230,564 225,303 219,204 212,538 205,850

Policy Year

Premium Due

Annual Loan

Annual Dividend

50 51 52 53 54 55 56 57 58 59

6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 _________ 208,380

5,331 5,369 5,550 5,906 6,474 7,233 8,111 8,949 9,516 9,539 _________ 216,571

16,156 16,369 16,584 16,806 17,042 17,301 17,591 17,915 18,273 18,654 _________ 426,930

0 0 0 0 0 0 0 0 0 0 _________ 6,103

17,770 17,945 17,979 17,845 17,514 17,013 16,425 15,911 15,702 16,060 _________ 418,718

98,524 102,150 105,928 109,918 114,194 118,801 123,756 129,008 134,410 139,728

See page 3 for the guaranteed policy values.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 6 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 3

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Overview: This in-force illustration states the premium due, total cash value and death benefit of your policy for the current policy year, as of 03/14/2022. This illustration is not a contract and will not become part of the policy already issued to you. The illustrated values below are intended to show how your values may change in the future. 2022 Dividend Scale Notice: Beginning April 1, 2022 the Company’s 2022 dividend scale will take effect. The illustrated values shown below assume that the 2022 dividend scale will apply in all policy years. Please note if this policy has an anniversary and will receive its next dividend on or before March 31, 2022 the actual dividend paid will be based on the Company’s 2021 dividend scale. Assumptions: The policy values projected in this illustration are based on a number of assumptions about Sun Life Assurance Company of Canada's Dividend Scale. Other assumptions made for this illustration include those about any optional benefits, extra charges and the timing of premium payments. Policy values projected would be greater or less if these assumptions were changed. Loan amounts and loan rates will affect dividends. The non-guaranteed projections are not predictions of what will actually occur in the future. This illustration assumes that the 2022 dividend scale will apply in all years. Please note that the dividend scale will change over time, and is dependent upon our actual investment results, mortality costs, and expense experience. 100% of the Special Maturity Dividend Scale has been added to the total death benefit starting in year 10 and to total cash value starting in year 20. The Special Maturity Dividend is not vested, is subject to being changed at any time, and is payable only at death or surrender. Basis of Projected Values: The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. The illustrated annual dividends, total cash values, and total death benefits shown are as of the end of the referenced policy year. Dividends are only payable at the end of any policy year. Pro-rated dividends are not paid if the policy is terminated at any point prior to the end of the policy year. Premium payments are due until the end of the contractual premium payment period. This illustration shows how your annual dividends might be used to pay those premiums, beginning in some future year. Since dividends are not guaranteed, the number of your actual out-of-pocket payments will in all likelihood differ from what is shown in this illustration, and may extend well beyond the number of payments illustrated here. Policy loans and withdrawals not illustrated will adversely impact the amount of dividends received and could result in additional out-of-pocket cost. Annual Review: Over the past few years, declining interest rates have resulted in lower investment yields and reduced annual dividends. This will change any projected out-of-pocket premium payments, cash values, and death benefits illustrated for you at the time of the initial sale of your policy. Please contact us each year for a current status regarding your policy values and your premium payment obligations.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 1 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 3

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Contract Premium: The Contract Premium illustrated for the next policy year includes an amount for the following plan of insurance and riders, if any:

Annual Premium 6,945.50 _______

Plan Components Base Policy

Face Amount

Payable to Age:

350,000

100

Next Year's Modal Premium

6,945.50

Policy Loan: Policy values reflect an outstanding policy loan of $259,306.25. Values shown for the current duration reflect the current outstanding loan balance, but not the interest accrued since the last anniversary date. Policy loan interest of $ 10,372.25 is due on your next policy anniversary. Loan interest is illustrated at 4.00% . The loan interest rate is subject to change annually on the policy anniversary. This illustration assumes loan interest is paid annually in cash. Taxation of Distribution from the Policy: When dividends are withdrawn, the amount withdrawn in excess of total premiums paid will create a tax liability. Any reduction in face amount that has been illustrated MAY result in the contract becoming a Modified Endowment Contract (MEC). Please consult your tax advisor with any questions regarding taxation.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 2 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life GUARANTEED VALUES

Illustration 3

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

This page illustrates guaranteed values using the following assumptions: • Premiums are paid in cash as shown • Any existing loan balance is repaid and no further loans are taken • No dividends are ever paid

Total Guaranteed Death Benefit

Guaranteed Cash Value

Guaranteed Paid-Up Additions

Policy Year

Contract Premium

270,592 279,709 288,787 297,769 306,581 315,177 323,542 331,679 339,620 347,417 355,098 362,654 370,053 377,225 384,096 390,630 396,824 402,723 408,381 413,887 419,342 424,868 430,619 436,783 443,589

168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811 168,811

518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811 518,811

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946

The premium shown in year 30 is the full contractual premium that is due in that year. It does not reflect whether that premium has been paid as of the date of this illustration.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 3 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life GUARANTEED VALUES

Illustration 3

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

This page illustrates guaranteed values using the following assumptions: • Premiums are paid in cash as shown • Any existing loan balance is repaid and no further loans are taken • No dividends are ever paid

Total Guaranteed Death Benefit

Guaranteed Cash Value

Guaranteed Paid-Up Additions

Policy Year

Contract Premium

55 56 57 58 59

6,946 6,946 6,946 6,946 6,946 _________ 208,380

451,219 459,774 469,166 479,052 488,802

168,811 168,811 168,811 168,811 168,811

518,811 518,811 518,811 518,811 518,811

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 4 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life TABULAR DETAIL PAGES

Illustration 3

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net annual outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. For example, your net annual outlay may differ from what is shown below and actual out-of-pocket payments may extend well beyond any year where a zero is shown in that column.

Surrender of Paid-Up Additions

Net Annual Outlay 6,946 10,372 10,575 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666 10,666

Net Cash Value 34,236 39,425 44,214 48,489 52,365 55,798 58,784 61,345 63,525 65,382 66,946 68,203 69,116 69,623 69,726 69,396 68,634 67,501 66,072 64,765

Total Death Benefit 331,268 327,160 320,719 312,505 304,258 295,978 287,669 279,349 271,024 262,693 254,349 245,981 237,575 229,132 220,741 212,391 204,076 195,801 187,587 180,277

Policy Year

Premium Plus Interest

Annual Loan

Annual Dividend

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

6,946 17,318 17,521 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611 17,611

0 5,077 2,257 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,861

0 1,868 4,688 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 6,946 5,084

955 873 785 691 596 506 424 356 297 243 187 128 62

0 0 0 0 9

38 42

See page 3 for the guaranteed policy values. This illustration is not a contract nor will it become part of any policy issued by us. The policy constitutes the actual agreement of coverage and contains the entire terms of the contract. Premium in year 30 is the remainder of premium due in that year. The illustration assumes all premiums due, prior to the above reproposal date, have been paid.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 5 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life TABULAR DETAIL PAGES

Illustration 3

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net annual outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. For example, your net annual outlay may differ from what is shown below and actual out-of-pocket payments may extend well beyond any year where a zero is shown in that column.

Surrender of Paid-Up Additions

Net Annual Outlay

Net Cash Value 64,577 67,066 69,640 72,338 75,212 78,314 81,661 85,246 89,362 93,375

Total Death Benefit 174,935 172,773 170,442 167,803 164,690 160,977 156,573 151,539 146,485 141,329

Policy Year

Premium Plus Interest

Annual Loan

Annual Dividend

50 51 52 53 54 55 56 57 58 59

17,686 17,843 18,002 18,168 18,346 18,542 18,763 19,011 19,283 19,556 _________ 526,372

3,927 3,981 4,146 4,449 4,917 5,519 6,196 6,812 6,821 6,444 _________ 62,407

2,329 110 105 100

30 25 18

11,430 13,751 13,750 13,618 13,333 12,928 12,462 12,084 12,338 12,611 _________ 337,520

9 0 0 0 0 0 27 _________ 6,301

96 95

105 116 125 501 _________ 126,458

See page 3 for the guaranteed policy values.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 6 of 6

Sun Life Assurance Company of Canada A Life Insurance Reproposal of Sun Permanent Life

Illustration 4

Policy Number Client Name Age/Sex/Class

: 9284750

Issue Date Reproposal Date Net Death Benefit

: 03/10/1993 : 03/14/2022 : $326,629

: ABDUL TANNIR

: 40/Male/Tobacco Dividend Option : Paid Up Additions Cash Surr Value : $21,863.95 Guar. Cash Value : $157,731.00

Premium Frequency : Annual Next Yr. Modal Prem. : $6,945.50 Outstanding Loan : $259,306.25

Narrative Summary

Overview: This in-force illustration states the premium due, total cash value and death benefit of your policy for the current policy year, as of 03/14/2022. This illustration is not a contract and will not become part of the policy already issued to you. The illustrated values below are intended to show how your values may change in the future. 2022 Dividend Scale Notice: Beginning April 1, 2022 the Company’s 2022 dividend scale will take effect. The illustrated values shown below assume that the 2022 dividend scale will apply in all policy years. Please note if this policy has an anniversary and will receive its next dividend on or before March 31, 2022 the actual dividend paid will be based on the Company’s 2021 dividend scale. Assumptions: The policy values projected in this illustration are based on a number of assumptions about Sun Life Assurance Company of Canada's Dividend Scale. Other assumptions made for this illustration include those about any optional benefits, extra charges and the timing of premium payments. Policy values projected would be greater or less if these assumptions were changed. Loan amounts and loan rates will affect dividends. The non-guaranteed projections are not predictions of what will actually occur in the future. This illustration assumes that the 2022 dividend scale will apply in all years. Please note that the dividend scale will change over time, and is dependent upon our actual investment results, mortality costs, and expense experience. 100% of the Special Maturity Dividend Scale has been added to the total death benefit starting in year 10 and to total cash value starting in year 20. The Special Maturity Dividend is not vested, is subject to being changed at any time, and is payable only at death or surrender. Basis of Projected Values: The non-guaranteed values below are based on Sun Life Assurance Company of Canada's 2022 dividend scale. Actual net outlay, total cash values and total death benefits are dependent on the future performance of the dividend scale and will be greater or less than illustrated here. The illustrated annual dividends, total cash values, and total death benefits shown are as of the end of the referenced policy year. Dividends are only payable at the end of any policy year. Pro-rated dividends are not paid if the policy is terminated at any point prior to the end of the policy year. Premium payments are due until the end of the contractual premium payment period. This illustration shows how your annual dividends might be used to pay those premiums, beginning in some future year. Since dividends are not guaranteed, the number of your actual out-of-pocket payments will in all likelihood differ from what is shown in this illustration, and may extend well beyond the number of payments illustrated here. Policy loans and withdrawals not illustrated will adversely impact the amount of dividends received and could result in additional out-of-pocket cost. Annual Review: Over the past few years, declining interest rates have resulted in lower investment yields and reduced annual dividends. This will change any projected out-of-pocket premium payments, cash values, and death benefits illustrated for you at the time of the initial sale of your policy. Please contact us each year for a current status regarding your policy values and your premium payment obligations.

Presented by: HIO RUMSCHLAG

Date: 03/14/22 Version: 22.0.0-HE

Page 1 of 6