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issued by Sun Life Assurance Company of Canada managed by CI Investments Inc. Sun Life Assurance Company of Canada Fund Facts – December 2010 Funds closed to new contributions, new pre-authorized chequing (PAC) plans and switches

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

Sun Life Assurance Company of CanadaFund Facts – December 2010 Funds closed to new contributions, new pre-authorized chequing (PAC) plans and switches

What if I change my mind?You can change your mind and cancel the decision to invest in the fund. This is true for the first purchase you make and any other purchases made after. You can only change your mind for a purchase within a few days. You have to let CI Investments know in writing (e-mail, fax or letter) that you wish to cancel. CI must be informed within two business days of the date you received the purchase confirmation. The latest date that it will be considered received is five business days after it was mailed to you. The amount that will be returned is the lesser of the amount you invested or the value of the fund. The amount that is returned will include any sales charges or other fees that you paid. For details, please refer to the information folder and contract.

For more informationThis is a summary and may not contain all the information you need. There are details in the contract that may lead to changes in this summary. Please make sure you read the contract and the information folder. For more information, please contact:

CI Investments Inc. on behalf Sun Life Assurance Company of Canada15 York Street, 2nd FloorToronto, Ontario M5J 0A3Phone: 1-800-792-9355Email: [email protected]

i-1

SunWise Essential CI Global Value Segregated Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-1

SunWise Essential CI International Value Segregated Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-4

SunWise Essential RBC O’Shaughnessy International Equity Segregated Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-7

SunWise Essential CI International Balanced Segregated Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-10

SunWise Essential CI Synergy American Segregated Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-13

SunWise Essential CI Global Value Segregated Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-16

SunWise Essential CI International Value Segregated Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-19

SunWise Essential CI Synergy American Segregated Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-22

SunWise Essential RBC O’Shaughnessy International Equity Segregated Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-25

Table of Contents

F-1

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the CI Global Value Corporate Class. The Underlying Fund invests mostly in shares of firms from around the world.

Top 10 holdings and allocations of the Underlying Fund as of December 31, 2010

Roche Holding AG 2.4%Mitsubishi Corp. 2.3%Sumitomo Trust & Banking Co., Ltd. 2.2%Nestle SA, Registered Shares 2.2%Bank of Yokohama Ltd. 2.0%Flour Corp. 2.0%Sumitomo Metal Mining Co., Ltd. 1.9%Seven & I Holdings Co., Ltd. 1.9%Merck & Co., Ltd. 1.9%Nintendo Co., Ltd. 1.8%Total 20.6%Total number of investments: 87

Financials 18.2%Consumer Staples 14.0%Industrials 13.9%Information Technology 13.5%Energy 12.0%Health Care 11.5%

Materials 6.1%Consumer Discretionary 4.9%Utilities 2.6%Telecommunication Services 1.9%Others 1.4%

U.S.A. 38.3%Japan 21.1%U.K. 9.8%Cash, Equivalents & Other 9.0%Switzerland 6.9%Germany 4.9%

France 2.8%Ireland 2.7%Canada 2.4%Bermuda 2.1%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment Class $10.48

Investment Class 526 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1210312203

N/AN/A

N/AN/A

SunWise Essential CI Global Value Segregated Fund

Class option Investment Estate Income

Minimum investment per Contract $500 N/A N/A

Minimum investment per Fund $500 N/A N/A

Minimum for additional purchases $100 N/A N/A

Monthly minimum of pre-authorized chequing $50 N/A N/A

Date Fund created: September 2010Total value on December 31, 2010: $6,560Portfolio manager: John HockManagement expense ratio (MER): 3.20% Portfolio turnover rate: 0.7%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-2

SunWise Essential CI Global Value Segregated FundAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want a core foreign equity fund• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI Global Value Segregated Fund

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 3.20% 0.68% N/A N/A

Estate Class N/A N/A N/A N/A

Income Class N/A N/A N/A N/A

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-3

SunWise Essential CI Global Value Segregated FundAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI Global Value Segregated Fund 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-4

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the CI International Value Corporate Class. The Underlying Fund invests mostly in shares of firms from around the world.

Top 10 holdings and allocations of the Underlying Fund as of December 31, 2010

Cash & Equivalents 3.1%Roche Holding AG 2.5%Nestle SA, Registered Shares 2.5%Nintendo Co., Ltd. 2.4%Sumitomo Trust & Banking Co., Ltd. 2.4%Suzuki Motor Corp. 2.2%Bank of Yokohama Ltd. 2.2%Seven & I Holdings Co., Ltd. 2.2%Covidien PLC 2.2%Foster Wheeler AG 2.2%Total 23.9%Total number of investments: 74

Financials 18.1%Industrials 15.2%Consumer Staples 14.8%Energy 11.6%Information Technology 10.6%Health Care 8.1%

Materials 7.6%Utilities 3.7%Consumer Discretionary 3.6%Telecommunication Services 3.5%Cash & Equivalents 3.1%Other Assets 0.1%

Japan 30.0%Cash, Equivalents & Other 16.8%U.K. 13.8%Switzerland 10.3%Germany 10.2%

France 5.5%Canada 5.0%Netherlands 3.3%Ireland 3.2%Finland 1.9%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment Class $10.53

Investment Class 781 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1210512205

N/AN/A

N/AN/A

SunWise Essential CI International Value Segregated Fund

Class option Investment Estate Income

Minimum investment per Contract $500 N/A N/A

Minimum investment per Fund $500 N/A N/A

Minimum for additional purchases $100 N/A N/A

Monthly minimum of pre-authorized chequing $50 N/A N/A

Date Fund created: September 2010Total value on December 31, 2010: $9,280Portfolio manager: John HockManagement expense ratio (MER): 3.22% Portfolio turnover rate: 0.6%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-5

SunWise Essential CI International Value Segregated FundAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want a core foreign equity fund• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI International Value Segregated Fund

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 3.22% 0.68% N/A N/A

Estate Class N/A N/A N/A N/A

Income Class N/A N/A N/A N/A

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-6

SunWise Essential CI International Value Segregated FundAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI International Value Segregated Fund 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-7

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the RBC O’Shaughnessy International Equity Fund. The Underlying Fund invests mostly in shares of firms from around the world.

Top 10 holdings and allocations of the Underlying Fund as of December 31, 2010

Plastic Omnium 2.3%ENI Spa 2.0%Telecom Corporation of New Zealand 1.9%Scottish and Southern Energy PLC 1.9%ProSiebenSat.1 Media AG 1.9%Vivendi 1.9%Telstra Corporation Ltd 1.8%Total SA 1.8%Portugal Telecom SA ADR 1.8%Enel SpA 1.8%Total 19.1%Total number of investments: 150

Other Countries 18.9%France 16.2%United Kingdom 16.0%Germany 9.7%Japan 7.5%Italy 6.8%Australia 5.0%

Portugal 4.3%Greece 4.1%Finland 4.0%Switzerland 3.0%Netherlands 3.0%Cash/Other 1.5%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment Class $9.97

Investment Class 5,246 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1210912209

N/AN/A

N/AN/A

SunWise Essential RBC O’Shaughnessy International Equity Segregated Fund

Class option Investment Estate Income

Minimum investment per Contract $500 N/A N/A

Minimum investment per Fund $500 N/A N/A

Minimum for additional purchases $100 N/A N/A

Monthly minimum of pre-authorized chequing $50 N/A N/A

Date Fund created: September 2010Total value on December 31, 2010: $52,295Portfolio manager: James P. O’ShaughnessyManagement expense ratio (MER): 3.39% Portfolio turnover rate: 0.9%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-8

SunWise Essential RBC O’Shaughnessy International Equity Segregated FundAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want long term growth with some current income• are investing for the long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential RBC O’Shaughnessy International Equity Segregated Fund

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 3.39% 0.70% N/A N/A

Estate Class N/A N/A N/A N/A

Income Class N/A N/A N/A N/A

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-9

SunWise Essential RBC O’Shaughnessy International Equity Segregated FundAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential RBC O’Shaughnessy International Equity Segregated Fund 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-10

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the CI International Balanced Fund. The Underlying Fund invests mostly in shares and bonds of firms from around the world.

Top 10 holdings and allocations of the Underlying Fund as of December 31, 2010

Cash & Equivalents 3.6%Nota Do Tesouro Nacional 10% 01/01/2017 2.2%Sweden Government Bond 3% 07/12/2016 1.7%Sumitomo Mitsui Financial Group Inc. 1.2%Germany Government Bond 4.75% 07/04/2028 1.1%Google Inc., Class A 1.1%Exxon Mobil Corp. 1.1%United States, Treasury Note/Bond 1.875% 08/31/2017 0.9%Queensland Treasury Corp., 6% 09/14/2017 0.9%Microsoft Corp. 0.9%Total 14.7%Total number of investments: 257

Foreign Government Bonds 24.0%Financials 11.9%Information Technology 11.1%Consumer Discretionary 10.7%Energy 8.1%Industrials 6.2%Health Care 5.3%Consumer Staples 4.6%

Materials 4.2%Cash & Equivalents 3.6%Corporate Bonds 2.9%Telecommunication Services 2.0%Other Assets 1.6%Utilities 1.5%Canadian Government Bonds 1.4%Provincial Bonds 0.9%

Cash, Equivalents & Other 34.0%U.S.A. 31.1%U.K. 6.9%Japan 6.6%Germany 4.5%

Brazil 3.7%France 3.6%Switzerland 3.4%Canada 3.2%South Korea 3.0%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment/Estate Class $10.10Income Class $10.01

Investment/Estate Class 4,480 UnitsIncome Class 8,633 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1211112211

1241112511

1271112811

SunWise Essential CI International Balanced Segregated Fund

Class option Investment Estate Income

Minimum investment per Contract $500 $500 $25,000

Minimum investment per Fund $500 $500 $500

Minimum for additional purchases $100 $100 $100

Monthly minimum of pre-authorized chequing $50 $50 $50

Date Fund created: September 2010Total value on December 31, 2010: $132,715Portfolio manager: William Sterling and Robert BeckwittManagement expense ratio (MER): 2.60% to 2.97%Portfolio turnover rate: 77.5%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-11

SunWise Essential CI International Balanced Segregated FundAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want both foreign equity and fixed income securities in a single fund and prefer to have the portfolio advisor make the asset mix decisions• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI International Balanced Segregated Fund

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 2.97% 0.33% N/A N/A

Estate Class 2.97% 0.33% 0.45% of Class Death Benefit Base N/A

Income Class 2.60% N/A 0.78% of LWA Base 0.65% of LWA Base

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-12

SunWise Essential CI International Balanced Segregated FundAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI International Balanced Segregated Fund 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-13

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the Synergy American Corporate Class. The Underlying Fund invests mostly in U.S. shares.

Top 10 holdings and allocations of the Underlying Fund as of December 31, 2010

Cash & Equivalents 4.1%Apple Computer Inc. 2.5%Noble Energy Inc. 2.4%JPMorgan Chase & Co. 2.3%Union Pacific Corp. 2.2%QUALCOMM Inc. 2.1%Oracle Corp. 1.8%Wells Fargo & Co. 1.7%Goldman Sachs Group Inc. 1.7%Google Inc., Class A 1.6%Total 22.4%Total number of investments: 105

Information Technology 18.3%Financials 14.7%Energy 14.3%Industrials 11.3%Consumer Discretionary 10.6%Consumer Staples 8.8%

Health Care 8.7%Materials 4.4%Cash & Equivalents 4.1%Telecommunication Services 2.6%Utilities 1.9%Other Assets 0.3%

U.S.A. 86.3%Canada 6.4%Cash & Equivalents 4.1%Switzerland 0.9%Israel 0.8%

Netherlands 0.6%Bermuda 0.6%Other Assets 0.3%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment Class $10.45

Investment Class 1,783 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1211612216

N/AN/A

N/AN/A

SunWise Essential CI Synergy American Segregated Fund

Class option Investment Estate Income

Minimum investment per Contract $500 N/A N/A

Minimum investment per Fund $500 N/A N/A

Minimum for additional purchases $100 N/A N/A

Monthly minimum of pre-authorized chequing $50 N/A N/A

Date Fund created: September 2010Total value on December 31, 2010: $19,672Portfolio manager: David Picton and Michael MahoneyManagement expense ratio (MER): 3.22% Portfolio turnover rate: 0.9%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-14

SunWise Essential CI Synergy American Segregated FundAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want to invest in North American equity securities with high growth potential• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI Synergy American Segregated Fund

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 3.22% 0.68% N/A N/A

Estate Class N/A N/A N/A N/A

Income Class N/A N/A N/A N/A

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-15

SunWise Essential CI Synergy American Segregated FundAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI Synergy American Segregated Fund 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-16

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the CI Global Value Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.

Top 10 holdings and allocations of the Fund as of December 31, 2010

CI Global Value Corporate Class 71.5%Signature Corporate Bond Corporate Class 28.1%Canadian Dollars 0.4%Total 100.0%Total number of investments: 3

Corporate Bond 25.5%Financials 13.1%Consumer Staples 10.0%Information Technology 9.6%Industrials 9.5%Energy 8.6%Health Care 8.2%Materials 4.4%

Consumer Discretionary 4.0%Cash 2.6%Utilities 1.8%Telecommunication Services 1.4%Other 0.7%Government Bonds 0.4%Asset Backed 0.2%

United States 38.7%Japan 15.1%Canada 13.5%Other 9.3%Britain 7.6%

Switzerland 5.0%Germany 3.8%Cash 2.6%France 2.2%Bermuda 2.1%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment/Estate Class $10.23Income Class $10.23

Investment/Estate Class 1,760 UnitsIncome Class 5,262 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1214512245

1244512545

1274512845

SunWise Essential CI Global Value Segregated Bundle

Class option Investment Estate Income

Minimum investment per Contract $500 $500 $25,000

Minimum investment per Fund $500 $500 $500

Minimum for additional purchases $100 $100 $100

Monthly minimum of pre-authorized chequing $50 $50 $50

Date Fund created: September 2010Total value on December 31, 2010: $72,892Portfolio manager: CI Investment ConsultingManagement expense ratio (MER): 2.23% to 2.67%Portfolio turnover rate: 1.4%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-17

SunWise Essential CI Global Value Segregated BundleAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI Global Value Segregated Bundle

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 2.67% 0.38% N/A N/A

Estate Class 2.67% 0.38% 0.55% of Class Death Benefit Base N/A

Income Class 2.23% N/A 0.93% of LWA Base 0.50% of LWA Base

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-18

SunWise Essential CI Global Value Segregated BundleAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI Global Value Segregated Bundle 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-19

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the CI International Value Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.

Top 10 holdings and allocations of the Fund as of December 31, 2010

CI International Value Corporate Class 68.1%Signature Corporate Bond Corporate Class 25.8%Canadian Dollars 6.1%Total 100.0%Total number of investments: 3

Corporate Bond 23.4%Financials 12.3%Consumer Staples 10.1%Cash 9.5%Industrials 8.9%Energy 7.9%Information Technology 7.2%Health Care 5.5%

Materials 5.2%Consumer Discretionary 4.0%Utilities 2.5%Telecommunication Services 2.3%Other 0.6%Government Bonds 0.4%Asset Backed 0.2%

Japan 20.4%Other 14.5%Canada 14.2%United States 11.1%Britain 9.9%

Cash 9.5%Germany 7.2%Switzerland 7.0%France 3.9%Netherlands 2.3%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment/Estate Class $10.41Income Class $10.16

Investment/Estate Class 2,121 UnitsIncome Class 13,801 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1214912249

1244912549

1274912849

SunWise Essential CI International Value Segregated Bundle

Class option Investment Estate Income

Minimum investment per Contract $500 $500 $25,000

Minimum investment per Fund $500 $500 $500

Minimum for additional purchases $100 $100 $100

Monthly minimum of pre-authorized chequing $50 $50 $50

Date Fund created: September 2010Total value on December 31, 2010: $163,361Portfolio manager: CI Investment ConsultingManagement expense ratio (MER): 2.48% to 2.91%Portfolio turnover rate: 12.5%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-20

SunWise Essential CI International Value Segregated BundleAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI International Value Segregated Bundle

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 2.91% 0.38% N/A N/A

Estate Class 2.91% 0.38% 0.55% of Class Death Benefit Base N/A

Income Class 2.48% N/A 0.93% of LWA Base 0.50% of LWA Base

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-21

SunWise Essential CI International Value Segregated BundleAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI International Value Segregated Bundle 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-22

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the Synergy American Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.

Top 10 holdings and allocations of the Fund as of December 31, 2010

Synergy American Corporate Class 51.6%Canadian Dollars 30.3%Signature Corporate Bond Corporate Class 18.1%Total 100.0%Total number of investments: 3

Cash 33.3%Corporate Bond 16.4%Information Technology 9.5%Financials 7.5%Energy 7.3%Industrials 5.8%Consumer Discretionary 5.5%Health Care 4.5%

Consumer Staples 4.5%Materials 2.4%Telecommunication Services 1.4%Utilities 1.0%Other 0.5%Government Bonds 0.3%Asset Backed 0.1%

United States 51.8%Cash 33.3%Canada 10.9%Other 1.4%Bermuda 0.7%

Switzerland 0.5%Britain 0.4%Israel 0.4%Marshall Island 0.3%Netherlands 0.3%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment/Estate Class $10.28Income Class $10.55

Investment/Estate Class 608 UnitsIncome Class 24,477 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1215212252

1245212552

1275212852

SunWise Essential CI Synergy American Segregated Bundle

Class option Investment Estate Income

Minimum investment per Contract $500 $500 $25,000

Minimum investment per Fund $500 $500 $500

Minimum for additional purchases $100 $100 $100

Monthly minimum of pre-authorized chequing $50 $50 $50

Date Fund created: September 2010Total value on December 31, 2010: $265,599Portfolio manager: CI Investment ConsultingManagement expense ratio (MER): 2.46% to 2.90%Portfolio turnover rate: 0.3%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-23

SunWise Essential CI Synergy American Segregated BundleAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential CI Synergy American Segregated Bundle

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 2.90% 0.38% N/A N/A

Estate Class 2.90% 0.38% 0.55% of Class Death Benefit Base N/A

Income Class 2.46% N/A 0.93% of LWA Base 0.50% of LWA Base

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-24

SunWise Essential CI Synergy American Segregated BundleAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential CI Synergy American Segregated Bundle 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

F-25

Quick Facts

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

MERs include taxes.

What does the Fund invest in?The Fund invests in the RBC O’Shaughnessy International Equity Fund and Phillips, Hager & North Bond Fund. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.

Top 10 holdings and allocations of the Fund as of December 31, 2010

RBC O’Shaughnessy International Equity Fund 70.6%Phillips, Hager & North Bond Fund 28.9%Canadian Dollars 0.5%Total 100.0%Total number of investments: 3

RBC O’Shaughnessy International Equity Fund 70.6%Phillips, Hager & North Bond Fund 28.9%Canadian Dollars 0.5%

How has the Fund performed?

Average returns

The performance will be reported once the Fund is in existence for more than one year.

Year-by-year returns (%)

The performance will be reported once the Fund is in existence for more than one year.

How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to Section I-7 of the Information Folder.

Net asset value per Units Number of Units outstanding

Investment/Estate Class $10.36Income Class $10.14

Investment/Estate Class 1,791 UnitsIncome Class 6,749 Units

As of December 31, 2010

Fund Codes

Investment Class

Estate Class

Income Class

ISCDSC

1216212262

1246212562

1276212862

SunWise Essential RBC O’Shaughnessy International Equity Segregated Bundle

Class option Investment Estate Income

Minimum investment per Contract $500 $500 $25,000

Minimum investment per Fund $500 $500 $500

Minimum for additional purchases $100 $100 $100

Monthly minimum of pre-authorized chequing $50 $50 $50

Date Fund created: September 2010Total value on December 31, 2010: $86,968Portfolio manager: CI Investment ConsultingManagement expense ratio (MER): 2.85% to 3.31%Portfolio turnover rate: 1.5%

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-26

SunWise Essential RBC O’Shaughnessy International Equity Segregated BundleAs of December 31, 2010

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to Sections 10 and 13 of the Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility• are investing for the medium and/or long term

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to Sections 10 and 11 of the Contract and Sections I-5 and I-7.6 of the Information Folder.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to

your insurance advisor as a commission.

Deferred Sales Charge (DSC)

If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay your insurance advisor a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% (20% if the Contract is a RRIF) of your Units of a Fund each year without a Deferred Sales Charge.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to Section 11 of the Contract and Section I-5 of the Information Folder.

Ongoing Fund expenses

The MER includes the Management Fee and operating expenses of the Fund. The Insurance Fees can be part of the MER or charged to you by redeeming some of your Units. You do not pay the MER directly. It affects you because it reduces the return you get. Other fees and expenses depending on the Class you select can be charged to you. For details, please refer to Section 10 of the Contract and Section I-7.6 of the Information Folder.

SunWise Essential RBC O’Shaughnessy International Equity Segregated Bundle

MER (annual rate as a % of the Fund value)

Annual fee rate for death and maturity insurance

included in MER

Annual fee rate for death and maturity insurance

charged to you

Annual LWA Base Fee rates charged to you

Investment Class 3.31% 0.40% N/A N/A

Estate Class 3.31% 0.40% 0.55% of Class Death Benefit Base N/A

Income Class 2.85% N/A 0.95% of LWA Base 0.50% of LWA Base

MERs include taxes.

Sun Life Assurance Company of CanadaSunWise Essential Series Segregated Funds

F-27

SunWise Essential RBC O’Shaughnessy International Equity Segregated BundleAs of December 31, 2010

Servicing Commission

We pay your insurance advisor an annual servicing commission for the service and advice they provide to you. It is paid as long as you own the Fund. It is paid out of the Management Fee. The rate depends on the sales charge option you chose. For details, please refer to Section I-5 of the Information Folder.

Annual service fee rate

Sales Charge Option DSC ISC

SunWise Essential RBC O’Shaughnessy International Equity Segregated Bundle 0.50% 1.00%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to Sections 5.1 and 11.2 of the Contract.

What if I change my mind?You can change your mind about investing in this Fund but you may have as little as two days to do so. Please see page i-1 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page i-1.

Sun Life Assurance Company of Canada

227 King Street SouthP.O. Box 1601 STN WaterlooWaterloo, Ontario N2J 4C5

1201-0156_E (03/12)

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, CI Investments design and Synergy Mutual Funds are registered 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 licence.