-----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, SpA3p8+j91AwXFAGqG+YU89DHoYP7cmDZztndavOcyAFyAOrk4H486uaNXZ7DVrP wuzXRy4YBm6gs/fs2cAENA== 0000853285-02-000015.txt : 20020414 0000853285-02-000015.hdr.sgml : 20020414 ACCESSION NUMBER: 0000853285-02-000015 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUN LIFE OF CANADA U S VARIABLE ACCOUNT F CENTRAL INDEX KEY: 0000853285 IRS NUMBER: 042461439 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-82957 FILM NUMBER: 02552949 BUSINESS ADDRESS: STREET 1: 112 WORCESTER ST. CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 BUSINESS PHONE: 7812636405 MAIL ADDRESS: STREET 1: 112 WORCESTER ST. CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 497 1 accolade-supp.htm SUPPLEMENT DATED __________, 2001

PRE-SUBSTITUTION SUPPLEMENT DATED FEBRUARY 19, 2002

TO

PROSPECTUS DATED MAY 1, 2001

FOR

FUTURITY ACCOLADE VARIABLE AND FIXED ANNUITY

ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F

 

 

 

On December 27, 2001, Sun Life Assurance Company of Canada (U.S.)("the Company" or "Sun Life of Canada (U.S.)") filed an application with the Securities and Exchange Commission ("SEC") seeking an order approving the substitution of shares of certain investment portfolios of Alger American Fund ("Alger") and OCC Accumulation Trust ("OCC Trust") currently held by Sun Life of Canada (U.S.) Variable Account F ("Account F") for shares of certain investment portfolios of Sun Capital Advisers Trust ("Sun Capital"). On February 5, 2002, seven insurance companies, including Sun Life of Canada (U.S.), filed an application with the SEC seeking an order approving, among other requests, the substitution of shares of certain investment portfolios of Goldman Sachs Variable Insurance Trust ("Goldman Sachs") currently held by Account F for shares of certain portfolios of AIM Variable Insurance Funds ("AIM"). To the extent required by law, approvals of such substitutions will also be obtained from the state insurance regul ators in certain jurisdictions. If such approvals are granted, the Alger American Growth Portfolio, Alger American Income & Growth Portfolio, Alger American Small Capitalization Portfolio, OCC Equity Portfolio, OCC Managed Portfolio, OCC Mid Cap Portfolio, OCC Small Cap Portfolio, Goldman Sachs VIT CORESM Large Cap Growth Fund, and Goldman Sachs VIT Internet Tollkeeper Fund will no longer be available investment options under your policy. The Company anticipates that, if such approvals are granted, the proposed substitutions will occur on or about May 1, 2002.

The effect of the substitutions would be to replace each of the portfolios of Alger, OCC Trust, and Goldman Sachs shown in Column I with the corresponding portfolio of Sun Capital or AIM shown in Column II:

Column I (Replaced Funds)

Column II (Substitute Funds)

Alger American Growth Portfolio

SC Alger Growth Fund

Alger American Income & Growth Portfolio

SC Alger Income & Growth Fund

Alger American Small Capitalization Portfolio

SC Alger Small Capitalization Fund

OCC Equity Portfolio*

SC Value Equity Fund

OCC Managed Portfolio*

SC Value Managed Fund

OCC Mid Cap Portfolio*

SC Value Mid Cap Fund

OCC Small Cap Portfolio*

SC Value Small Cap Fund

Goldman Sachs VIT CORE Large Cap
    Growth Fund

AIM V.I. Growth Fund

Goldman Sachs VIT Internet Tollkeeper
    Fund

AIM V.I. Growth Fund

          *Not offered as investment options to policies issued on or after July 17, 2000.

The Alger and OCC Replaced Funds have similar investment objectives to their respective Substitute Funds. The Goldman Sachs Replaced Funds do not have the same investment objectives as their Substitute Fund. The investment objective of the AIM V.I. Growth Fund is long-term growth of capital and dividend income. The Fund seeks this objective through a broadly diversified portfolio of large-cap and blue chip equity securities representing all major sectors of the U.S. economy.

Policy owners and prospective purchasers should carefully read the AIM V.I. Growth Fund prospectus and the amended Sun Capital prospectus dated February 13, 2002.

The advisers to each of the Sun Capital Funds will also serve as subadvisers to the corresponding Substitute Funds. Sun Capital and its adviser, Sun Capital Advisers, Inc. ("SC Advisers") have received an exemptive order from the SEC permitting SC Advisers, subject to the approval of Sun Capital's board of trustees, to select subadvisers to serve as portfolio managers of the funds or to materially modify an existing subadvisory contract without obtaining shareholder approval of a new or amended subadvisory contract. SC Advisers has ultimate responsibility to oversee and to recommend the hiring, termination and replacement of any subadviser.

With respect to the Replaced Funds, the Company will not exercise any rights reserved under your policy to impose restrictions or fees on transfers from the Replaced Funds or Substitute Funds until at least thirty (30) days after the proposed substitutions occur.

Any transfer made from a Goldman Sachs Fund from the date of this supplement to the date of substitution will not be considered as a transfer for the purpose of calculating the total number of transfers permitted in any one policy year without incurring a transfer charge.

If the proposed substitutions are carried out, each policy owner affected by the substitutions will be sent a written notice informing them that the substitutions were carried out.

 

THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.

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