497 1 masters47.htm Unassociated Document
 
 

 

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
SUPPLEMENT DATED DECEMBER 10, 2007

TO PROSPECTUSES DATED MAY 1, 2006
FOR SUN LIFE FINANCIAL MASTERS IV AND SUN LIFE FINANCIAL MASTERS VII

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

On or about March 10, 2008, the above-captioned prospectuses are amended to add new investment options.

The following new investment options will be added to the above-captioned prospectuses on or about March 10, 2008.As a result,the list of the available investment options appearing on the cover page of each prospectus is supplemented by the addition of the following investment options and corresponding investment management disclosures:

Large-Cap Equity Funds
Asset Allocation Funds
AllianceBernstein VPS Wealth Appreciation Strategy
AllianceBernstein VPS Balanced Wealth Strategy
Portfolio, Class B
Portfolio, Class B
Fidelity® VIP Contrafund Portfolio - Service Class 2
Franklin Templeton Founding Funds Allocation
SCSM Lord Abbett Growth & Income Fund - I Class*
Fund, Class 2
SCSM Lord Abbett Growth & Income Fund - S Class
Van Kampen UIF Equity & Income Fund II
Mid-Cap Equity Funds
Emerging Markets Equity Funds
SCSM Blue Chip Mid Cap Fund - S Class
Lazard Retirement Emerging Markets Portfolio
SCSM Goldman Sachs Mid Cap Value Fund - I Class*
Short-Term Bond Funds
SCSM Goldman Sachs Mid Cap Value Fund - S Class
SCSM Goldman Sachs Short Duration Fund - S Class
Van Kampen UIF Mid Cap Growth Fund II
High Yield Bond Funds
Van Kampen UIF US Mid Cap Value Fund II
SCSM PIMCO High Yield Fund - I Class*
International/Global Equity Funds
SCSM PIMCO High Yield Fund - S Class
AllianceBernstein VPS International Growth Portfolio,
Money Market Funds
Class B
Sun Capital Money Market Fund - S Class
AllianceBernstein VPS International Value Portfolio,
 
Class B
 
 -----------------------------------------------
* Available only to Contract Owners who purchased their Contract prior to March 10, 2008.

AllianceBernstein L.P. advises the AllianceBernstein VPS Portfolios. Fidelity® Management & Research Company advises the Fidelity VIP Contrafund Portfolio (with Fidelity Research & Analysis Company, Fidelity Management & Research (U.K.) Inc., Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited, and Fidelity Investments Japan Limited serving as sub-advisers). Franklin Templeton Services, LLC administers the Franklin Templeton Founding Funds (with the following advising the underlying portfolios of the fund: Advisers advising the Franklin Income Securities Fund, Franklin Mutual Advisers LLC advising Mutual Shares Securities Fund and Templeton Global Advisers Limited advising Templeton Growth Securities Fund). Lazard Asset Management LLC advises the Lazard Retirement Portfolio. Morgan Stanley Investment Management Inc. advises the Van Kampen UIF Funds. Sun Capital Advisers LLC, our affiliate, advises the Sun Capital Funds; SCSM Lord Abbett Growth & Income Fund (sub-advised by Lord, Abbett & Co. LLC), SCSM Goldman Sachs Mid Cap Value Fund and SCSM Goldman Sachs Short Duration Fund (sub-advised by Goldman Sachs Asset Management, L.P.), SCSM PIMCO High Yield Fund (sub-advised by Pacific Investment Management Company LLC) and the SCSM Blue Chip Mid Cap Fund (sub-advised by Wellington Management Company, LLP).

The following Funds are not available for investment in Contracts issued on or after March 10, 2008:

Lord Abbett Series Fund Growth & Income Portfolio - Class VC
 
Lord Abbett Series Fund Mid-Cap Value Portfolio - Class VC
 
MFS®/ Sun Life High Yield Series - S Class
 
MFS®/ Sun Life Money Market Series - S Class
 
PIMCO VIT All Asset Portfolio
 
PIMCO VIT Low Duration Portfolio
 
Templeton Foreign Securities Fund - Class 2
 
Templeton Developing Markets Securities Fund - Class 2
 

 
 

 


On or about March 10, 2008, Appendix I - Build Your Portfolio is deleted in its entirety and replaced with the following:

APPENDIX I - BUILD YOUR PORTFOLIO

This Appendix sets forth the Funds and percentage limits that constitute the "build your portfolio" program. This program is more fully described under "BUILD YOUR PORTFOLIO" in the Prospectus. Briefly, if you comply with this program, the portfolio you build will satisfy the "Designated Funds" requirement under certain optional living benefit riders.

Intermediate and Long-Term Bond Funds
 
Core Equity Funds
 
Growth Equity Funds
 
Specialty Funds
25% to 60%
20% to 50%
0% to 30%
0% to 10%
       
PIMCO VIT Total Return Portfolio
Franklin Income Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Strategic Income Securities Fund
Sun Capital Investment Grade Bond Fund®
Oppenheimer Balanced Fund/VA
SCSM Oppenheimer Main Street Small Cap Fund
MFS®/Sun Life High Yield Series6
MFS®/Sun Life Government Securities Series
Fidelity® VIP Balanced Portfolio
MFS®/Sun Life Emerging Growth Series2
PIMCO VIT Emerging Markets Bond Portfolio
MFS®/Sun Life Bond Series
Lord Abbett Series Fund All Value Portfolio
Oppenheimer Capital Appreciation Fund/VA
Sun Capital Real Estate Fund®
PIMCO VIT Real Return Portfolio
Lord Abbett Series Fund Growth & Income Portfolio6
Sun Capital® All Cap Fund
PIMCO VIT All Asset Portfolio6
Huntington VA Mortgage Securities Fund5
MFS®/Sun Life Value Series
Lord Abbett Series Fund Growth Opportunities Portfolio
PIMCO VIT CommodityRealReturn Strategy Portfolio
MFS®/Sun Life Money Market Series6
MFS®/Sun Life Total Return Series
Oppenheimer Main St. Small Cap Fund/VA2
Templeton Developing Markets Securities Fund6
PIMCO VIT Low Duration Portfolio6
Van Kampen LIT Comstock
MFS®/Sun Life New Discovery Series2
MFS®/Sun Life Emerging Markets Equity Series2
Sun Capital Money Market Fund®
Mutual Shares Securities Fund
MFS®/Sun Life Strategic Growth Series2
MFS®/Sun Life Strategic Income Series1
SCSM Goldman Sachs Short Duration Fund
Lord Abbett Series Fund Mid-Cap Value Portfolio6
MFS®/Sun Life Mass Investors Growth Stock Series2
SCSM PIMCO High Yield Fund
 
MFS®/Sun Life Utilities Series
MFS®/Sun Life International Value Series
Lazard Retirement Emerging Markets Series
 
MFS®/Sun Life Capital Opportunities Series2
Templeton Foreign Securities Fund6
 
 
MFS®/Sun Life Mass Investors Trust Series2
MFS®/Sun Life Research International Series
 
 
MFS®/Sun Life Research Series2
Templeton Growth Securities Fund
 
 
MFS®/Sun Life Core Equity Series
First Eagle Overseas Variable Fund
 
 
SCSM Davis Venture Value Fund
Oppenheimer Global Securities Fund/VA
 
 
Oppenheimer Main St. Fund®/VA
Columbia Marsico International Opportunities Fund, Variable Series
 
 
Fidelity® VIP Freedom 2010 Portfolio
Fidelity® VIP Mid Cap Portfolio
 
 
Fidelity® VIP Freedom 2015 Portfolio
Wanger U.S. Smaller Companies3
 
 
Fidelity® VIP Freedom 2020 Portfolio
Wanger Select, Variable
Series3
 
 
MFS®/Sun Life Strategic Value Series1
Columbia Small Cap
Value3
 
 
MFS®/Sun Life Mid Cap Value Series1
MFS®/Sun Life International Growth Series
 
 
Huntington VA Dividend Capture Fund5
SCSM FI Large Cap Growth Fund
 
 
Huntington VA Income Equity Fund5
Columbia Marsico Growth Fund, Variable Series4
 
 
SCSM Lord Abbett Growth & Income Fund
Columbia Marsico 21st Century Fund, Variable Series4
 
 
SCSM Goldman Sachs Mid Cap Value Fund
MFS®/Sun Life Capital Appreciation Series1
 
 
AllianceBernstein VPS Balanced Wealth Appreciation Strategy Portfolio
MFS®/Sun Life Mid Cap Growth Series1
 
 
AllianceBernstein VPS Balanced Wealth Strategy Portfolio
MFS®/Sun Life Global Growth Series1
 

 
 

 


Intermediate and Long-Term Bond Funds
 
Core Equity Funds
 
Growth Equity Funds
 
Specialty Funds
25% to 60%
20% to 50%
0% to 30%
0% to 10%
       
 
Franklin Templeton Founding Funds Allocation Fund
Huntington VA Growth Fund5
 
 
Van Kampen UIF Equity & Income Fund
Huntington VA International Equity Fund5
 
 
Van Kampen UIF Mid Cap Value Fund
Huntington VA Marco 100 Fund5
 
   
Huntington VA Mid Corp America Fund5
 
   
Huntington VA New Economy Fund5
 
   
Huntington VA Rotating Markets Fund5
 
   
Huntington VA Situs Small Cap Fund5
 
   
SCSM Blue Chip Mid Cap fund
 
   
Van Kampen UIF Mid Cap Growth Fund
 
   
AllianceBernstein International Growth Portfolio
 
   
AllianceBernstein VPS International Value Portfolio
 
   
Fidelity® VIP Contrafund
 

1 Only available if you purchased your Contract before February 2, 2004.
2 Only available if you purchased your Contract before March 5, 2007.
3 Only available if you purchased your Contract through a Bank of America representative before April 22, 2007.
 
4 Only B Class shares available if you purchased your Contract on or after March 5, 2007.  Only A Class shares available if you purchased your Contract through a Bank of America representative before March 5, 2007.
5Only available if you purchased your Contract through a Huntington Bank representative.
6Only available if you purchased your Contract before March 10, 2008.