-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pgi8JeANP11Ac2h6QYyHMweQ8ZQz2YXI5yGyfftDof8l6yQmeuRNRaBMUFD4cMBX p/D56/yR/Xegw1StPjxN7g== 0000912057-99-003065.txt : 19991103 0000912057-99-003065.hdr.sgml : 19991103 ACCESSION NUMBER: 0000912057-99-003065 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUN LIFE ASSURANCE CO OF CANADA US CENTRAL INDEX KEY: 0000745544 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 042461439 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-77041 FILM NUMBER: 99739103 BUSINESS ADDRESS: STREET 1: SC 1335 ONE SUN LIFE EXECUTIVE PARK CITY: WELLESLEY HILLS STATE: MA ZIP: 02181 BUSINESS PHONE: 7814461182 MAIL ADDRESS: STREET 1: SUN LIFE EXECUTIVE PARK CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 424B3 1 424B3 Rule 424(b)(3) File No. 333-77041 SUPPLEMENT DATED SEPTEMBER 13, 1999 TO PROFILE DATED MAY 1, 1999 AND PROSPECTUS DATED MAY 1, 1999 FOR MFS REGATTA PLATINUM VARIABLE AND FIXED ANNUITY ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.) Effective November 1, 1999, with the addition of a new Series -- the Strategic Growth Series -- to the MFS/Sun Life Series Trust (the "Series Fund"), you may allocate your money among 26 variable investment options available under the MFS Regatta Platinum Variable and Fixed Annuity. Market conditions will determine the value of an investment in the Strategic Growth Series and any other Series of the Series Fund. The Strategic Growth Series and the other Series of the Series Fund are described in the Series Fund prospectus, as supplemented. As a result of the addition of the Strategic Growth Series, the Profile dated May 1, 1999 (the "Profile") and the Prospectus dated May 1, 1999 (the "Prospectus") are hereby amended and supplemented as follows: 1. The third paragraph of Section 1, The MFS Regatta Platinum Annuity, of the Profile and the second paragraph on the cover page of the Prospectus are each amended by deleting the first sentence in its entirety and replacing it with the following: "You may choose among 26 variable investment options and a range of fixed options." 2. The list of the available investing options appearing in Section 4, Allocation Options, of the Profile and on the cover page of the Prospectus is hereby supplemented by the addition of the Strategic Growth Series. 3. The summary expense chart appearing in Section 5, Expenses, of the Profile is hereby supplemented as follows:
EXAMPLES: TOTAL ANNUAL TOTAL ANNUAL TOTAL TOTAL EXPENSES INSURANCE SERIES ANNUAL AT END SUB-ACCOUNT CHARGES EXPENSES EXPENSES 1 YEAR 10 YEARS - ------------ --------- -------- -------- ------ ------- Strategic Growth Series 1.50% 1.03% 2.53% $81 $287 (1.40% + 0.10%)
4. The "Series Fund Annual Expenses" table and the footnotes thereto appearing on page 5 of the Prospectus are hereby supplemented as follows:
OTHER TOTAL FUND MANAGEMENT EXPENSES(2) EXPENSES FEES (AFTER REIMBURSEMENT) (AFTER REIMBURSEMENT) ---------- --------------------- --------------------- Strategic Growth Series(4) 0.75% 0.28% 1.03%
(4) MFS has contractually agreed to bear the Series' expenses such that "Other Expenses" will not exceed 0.28% annually. This contractual arrangement will remain in effect until at least May 1, 2000, absent an earlier modification by the Series Fund's Board of Trustees. Additionally, the Series has an expenses offset arrangement which reduces its custodian fee based upon the amount of cash maintained by the Series with its custodian and dividend disbursing agent. The Series may enter into other similar arrangements and directed brokerage arrangements, which would also have the effect of reducing the Series' expenses. The Series' expenses do not take into account these expense reductions, and therefore do not represent the actual expenses of the Series. If these expense reductions had been taken into account, "Total Fund Expenses" for the Series would be 1.00%. 4. The "Examples" presented on page 6 of the Prospectus are supplemented as follows: If you surrender your Contract at the end of the applicable time period, you would pay the following expenses on a $1,000 investment, assuming a 5% annual return: 1 YEAR 3 YEAR 5 YEAR 10 YEARS ------ ------ ------ -------- Strategic Growth Series $81 $118 $160 $287 If you do NOT surrender your Contract, or if you annuitize at the end of the applicable time period, you would pay the following expenses on a $1,000 investment, assuming a 5% annual return: 1 YEAR 3 YEAR 5 YEAR 10 YEARS ------ ------ ------ -------- Strategic Growth Series $26 $79 $135 $287 5. The "Variable Account Options: The MFS/Sun Life Series Trust" section beginning on page 8 of the Prospectus, is supplemented as follows: "STRATEGIC GROWTH SERIES will seek capital appreciation." THIS SUPPLEMENT IS NOT VALID UNLESS ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF MFS REGATTA PLATINUM VARIABLE AND FIXED ANNUITY, DATED MAY 1, 1999, AND THE CURRENT PROSPECTUS OF THE MFS/SUN LIFE SERIES TRUST. THIS SUPPLEMENT AND THE PROSPECTUSES SHOULD BE READ AND RETAINED FOR FURTHER REFERENCE. PLATSUPP-1 9/99 2 SUPPLEMENT DATED SEPTEMBER 13, 1999 TO PROFILE DATED MAY 1, 1999 AND PROSPECTUS DATED MAY 1, 1999 FOR MFS REGATTA GOLD VARIABLE AND FIXED ANNUITY ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.) Effective November 1, 1999, with the addition of a new Series -- the Strategic Growth Series -- to the MFS/Sun Life Series Trust (the "Series Fund"), you may allocate your money among 26 variable investment options available under the MFS Regatta Gold Variable and Fixed Annuity. Market conditions will determine the value of an investment in the Strategic Growth Series and any other Series of the Series Fund. The Strategic Growth Series and the other Series of the Series Fund are described in the Series Fund prospectus, as supplemented. As a result of the addition of the Strategic Growth Series, the Profile dated May 1, 1999 (the "Profile") and the Prospectus dated May 1, 1999 (the "Prospectus") are hereby amended and supplemented as follows: 1. The third paragraph of Section 1, The MFS Regatta Gold Annuity, of the Profile and the second paragraph on the cover page of the Prospectus are each amended by deleting the first sentence in its entirety and replacing it with the following: "You may choose among 26 variable investment options and a range of fixed options." 2. The list of the available investing options appearing in Section 4, Allocation Options, of the Profile and on the cover page of the Prospectus is hereby supplemented by the addition of the Strategic Growth Series. 3. The summary expense chart appearing in Section 5, Expenses, of the Profile is hereby supplemented as follows:
EXAMPLES: TOTAL ANNUAL TOTAL ANNUAL TOTAL TOTAL EXPENSES INSURANCE SERIES ANNUAL AT END SUB-ACCOUNT CHARGES EXPENSES EXPENSES 1 YEAR 10 YEARS - ------------ --------- -------- -------- ------ ------- Strategic Growth Series 1.50% 1.03% 2.53% $81 $287 (1.40% + 0.10%)
4. The "Series Fund Annual Expenses" table and the footnotes thereto appearing on page 5 of the Prospectus are hereby supplemented as follows:
OTHER TOTAL FUND MANAGEMENT EXPENSES(2) EXPENSES FEES (AFTER REIMBURSEMENT) (AFTER REIMBURSEMENT) ---------- --------------------- --------------------- Strategic Growth Series(4) 0.75% 0.28% 1.03%
(4) MFS has contractually agreed to bear the Series' expenses such that "Other Expenses" will not exceed 0.28% annually. This contractual arrangement will remain in effect until at least May 1, 2000, absent an earlier modification by the Series Fund's Board of Trustees. Additionally, the Series has an expenses offset arrangement which reduces its custodian fee based upon the amount of cash maintained by the Series with its custodian and dividend disbursing agent. The Series may enter into other similar arrangements and directed brokerage arrangements, which would also have the effect of reducing the Series' expenses. The Series' expenses do not take into account these expense reductions, and therefore do not represent the actual expenses of the Series. If these expense reductions had been taken into account, "Total Fund Expenses" for the Series would be 1.00%. 4. The "Examples" presented on page 6 of the Prospectus are supplemented as follows: If you surrender your Contract at the end of the applicable time period, you would pay the following expenses on a $1,000 investment, assuming a 5% annual return: 1 YEAR 3 YEAR 5 YEAR 10 YEARS ------ ------ ------ -------- Strategic Growth Series $81 $118 $160 $287 If you do NOT surrender your Contract, or if you annuitize at the end of the applicable time period, you would pay the following expenses on a $1,000 investment, assuming a 5% annual return: 1 YEAR 3 YEAR 5 YEAR 10 YEARS ------ ------ ------ -------- Strategic Growth Series $26 $79 $135 $287 5. The "Variable Account Options: The MFS/Sun Life Series Trust" section beginning on page 8 of the Prospectus, is supplemented as follows: "STRATEGIC GROWTH SERIES will seek capital appreciation." THIS SUPPLEMENT IS NOT VALID UNLESS ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF MFS REGATTA GOLD VARIABLE AND FIXED ANNUITY, DATED MAY 1, 1999, AND THE CURRENT PROSPECTUS OF THE MFS/SUN LIFE SERIES TRUST. THIS SUPPLEMENT AND THE PROSPECTUSES SHOULD BE BREAD AND RETAINED FOR FURTHER REFERENCE. GOLDSUPP-1 9/99 2 -----END PRIVACY-ENHANCED MESSAGE-----