Sun Life (U.S.) letterhead] VIA FIRST CLASS MAIL Dear _______: Attached, for your signature, is a novation to your current Participation Agreement dated __________ __, ____, by and between Keyport Life Insurance Company ("Keyport"), on its own behalf...Variable Account a/Ma • December 31st, 2003
This Novation will not alter the terms of the current Participation Agreement; rather, it merely provides for Sun Life Assurance Company of Canada ("Sun Life (U.S.)") to replace Keyport as a party to the Participation Agreement. Sun Life (U.S.) will be the surviving company following its merger with Keyport (the "Merger"). As a practical matter, this Novation will not cause any interruption in business or in the purchase or redemption of fund shares by the Separate Account under the current Participation Agreement. The purpose of this Novation is to document Sun Life (U.S.), on its own behalf and on behalf of the Separate Account, becoming a party to the Participation Agreement in place of Keyport, and the Separate Account continuing to purchase and redeem fund shares on the same terms as are in effect prior to the Merger.
