Client Suitability Assessment

This is designed to help you understand your risk capacity and risk attitude as well as determine your personal investment style based
on your profile and current financial situation.

Risk capacity is your ability to withstand loss without compromising the need to meet your financial goals.
Risk attitude determines your position on withstanding loss. This assesses the level of risk you may be comfortable taking.

This is intended to be a general recommendation on which investment fund/s may be suitable for you. Your final choice may be
different from the result. This does not consider all your financial details and further discussions with your Financial Sales Associate
will be helpful in providing a more detailed assessment of your financial needs and goals.

RISK CAPACITY SCORE

Please check the appropriate box.
1. How old are you now?
56 & up (1pt)
36 to 55 (2pts)
18 to 35 (3pts)
2. What is your time frame for committing your funds to investments?
Less than 3 years (1pt)
Up to 5 years (2pts)
Greater than 5 years (3pts)
3. How many years from now do you plan to retire?
Less than 5 years (1pt)
6 to 15 years (2pts)
Over 15 years (3pts)
4. How important is your need for current investment income?
Very important. I have significant cash flow needs on a regular basis.(1pt)
Slightly important. I am willing to take out money from my principal to meet my cash flow
needs.(2pts)
Not important. I do not anticipate any immediate need for my funds.(3pts)
5. If the value of your investments declines significantly, would your savings be able to meet your cash flow
needs?
No. I have savings equivalent to less than one month of my monthly income.(1pt)
Maybe. I have savings equivalent to one to two months of my monthly income. I am willing to
tolerate negative returns during difficult market conditions. (2pts)
Yes. I have savings equivalent to 3 to 6 months of my monthly income. I’m comfortable to take
the risks of losing my principal for maximum potential. (3pts)
RISK CAPACITY SCORE

What Your Risk Capacity Score Means:

LOW MEDIUM HIGH

(5 to 7 pts) (8 to 12 pts) (13 to 15 pts)
• Can afford to absorb minimal • Can afford to invest in risky and • Can afford to absorb a loss due
losses. secure assets with moderate risk to market fluctuations.
Portfolio with low returns and exposure. Portfolio with assets to support
• •
volatility with emphasis on • Portfolio with moderate returns wealth accumulation may be
capital preservation may be which balances profits and losses appropriate.
appropriate. may be appropriate.
 Client Suitability Assessment

RISK ATTITUDE
Please check the appropriate box corresponding to the risk attitude based on the set of characteristics that best describes you.
Choose which among the recommended fund/s matches your perceived risk attitude.

INDICATIVE FUND CLIENT'S

INVESTMENT POLICY STATEMENTS
RISK ATTITUDE CHARACTERISTICS ALLOCATIONS FUND
FOR SUGGESTED FUNDS (Actual Allocation May Vary) PREFERENCE
CONSERVATIVE • Very low risk PESO SECURE / BOND FUND*
appetite.
• Aims to achieve stable and long-term
• Unwilling to tolerate growth.
noticeable downside
market fluctuations. • Invests in:
• Prepared to forego - government securities and/or high
significant upside quality corporate debt securities.
potential. - pooled fund/s that invest in similar
securities and other liquid fixed
income instruments.
USD SECURE / BOND FUND*
• Aims to achieve long-term capital
appreciation.
• Invests in:
- USD denominated sovereign and
corporate debt securities.
- pooled fund/s that invest in the
securities and other liquid
instruments.
USD ASIA PACIFIC BOND FUND
• Aims to maximize returns from a
combination of capital appreciation and
income generation.
• Invests in a diversified portfolio of fixed
income securities issued by governments,
agencies, supra-nationals, and corporate
issuers in the Asia Pacific region.
MODERATE • Moderate tolerance PESO DIVERSIFIED VALUE / STABLE
for risk. FUND*
• Comfortable with • Aims to achieve long-term growth.
modest short-term
capital losses and • Invests in:
fluctuations in your - government securities and/or high
investment in quality corporate debt securities.
anticipation of
higher return. - stocks listed in the Philippine Stock
Exchange (PSE).
- pooled fund/s that invest in these
securities and other liquid fixed
income instruments.
PESO DYNAMIC ALLOCATION /
BALANCED FUND*
• Aims to achieve long-term capital growth
through investments in diversified
portfolios.
• Invests in:
- fixed income securities.
- stocks listed in the PSE.
- pooled fund/s that invest in these
securities and other liquid fixed
income instruments.
*Single / Dual Pricing
 Client Suitability Assessment

INDICATIVE FUND CLIENT'S

INVESTMENT POLICY STATEMENTS
RISK ATTITUDE CHARACTERISTICS ALLOCATIONS FUND
FOR SUGGESTED FUNDS (Actual Allocation May Vary) PREFERENCE
MODERATE PESO TARGET DISTRIBUTION / TARGET
INCOME FUND*
• Aims to provide target periodic payouts of
up to 3%^ per annum .
• Potential for capital appreciation and limits
the risk of capital erosion through a
diversified portfolio.
• Invests in fixed income and equity
investments.
• Uses active asset allocation strategy.
PESO WEALTH OPTIMIZER 2026 / 2031
/ 2036
• Aims to maximize long-term capital
growth while managing the risk of capital
erosion as the target date approaches.
• Utilizes a dynamic rebalancing of exposure
to diversified portfolios with higher
allocation in Philippine equities in the early
years and higher allocation in Philippine
fixed income and money market in the
latter years.
• Equity allocation is dependent on the
target date of the fund (e.g. indicative
allocation shown corresponds to Wealth
Optimizer 2031).
GLOBAL TARGET INCOME FUND
• Offered in both Peso and US Dollar share
classes, with underlying funds base
currency in US Dollar. The Peso share class
does not hedge against foreign currency
exposure and investors will be subject to
currency risks.
• Aims to provide target periodic distribution
of 4.75%^ per annum for the Peso share
class and 4.75%^ per annum for the Dollar
share class.
• Aims to achieve long term capital growth
while also managing downside risk.
• Invests in a managed portfolio of collective
investment schemes including exchange
traded funds (ETF), real estate investment
trusts (REIT), and cash.
MCBL CHINA BANK DOLLAR FIXED
INCOME VUL FUND
• Aims to achieve steady stream of income
by investing primarily in a diversified
portfolio of marketable securities
comprised mainly of:
- Republic of the Philippines (ROP)
bonds;
- Philippine Corporate USD bonds;
- Time deposits; and
- Investment grade sovereign and
corporate bonds of other countries.
AGGRESSIVE • Assume high-level of PESO GROWTH / EQUITY FUND*
risk.
• Look for opportunity • Aims to achieve long-term capital
for high returns but appreciation.
prepared to lose on
the possibility that it • Invests in:
may go down.
• Fluctuations do not - stocks listed in the Philippine Stock
matter to you as you Exchange.
appear to accept that - government securities.
occasional poor
outcomes are a - pooled fund/s that invest in these
necessary part of securities and other liquid
long-term investment. instruments.
*Single / Dual Pricing
^Non-guaranteed
 Client Suitability Assessment

INDICATIVE FUND CLIENT'S

INVESTMENT POLICY STATEMENTS
RISK ATTITUDE CHARACTERISTICS ALLOCATIONS FUND
FOR SUGGESTED FUNDS (Actual Allocation May Vary) PREFERENCE
AGGRESSIVE PESO POWERHOUSE FUND
• Aims to achieve long-term capital
appreciation.
• Invests in concentrated portfolio of
companies with significant economic
exposure to or derive a significant portion
of earnings from the Philippines.
• Fund may also invest in pooled funds that
invest in similar securities and other liquid
fixed income instruments.
ASIA PACIFIC PROPERTY INCOME
FUND
• Offered in both Peso and US Dollar share
classes, with underlying funds base
currency in US Dollar.
• Aims to achieve long-term capital
appreciation and to generate income by
investing primarily in a diversified
portfolio of exchange-listed real estate
investment trusts (REITs) in the Asia
Pacific region and other allowable
investments.
USD ASIA FIRST FUND
• Aims to achieve capital growth by
investing primarily in a diversified
portfolio of securities of companies listed
on stock markets in and/or incorporated in
and/or with significant business interests
in Asia including Australia, Hong Kong,
Indonesia, Malaysia, New Zealand, the
PRC, Philippines, Singapore, South Korea,
Taiwan, Thailand, Vietnam and Pakistan,
but not in Japan.
USD ASEAN GROWTH FUND
• Aims to achieve long-term capital growth.
• Invests in equity and equity-related
securities in ASEAN countries as well as
companies incorporated outside ASEAN
but with material exposure to ASEAN
markets.
• Fund may hold cash and fixed income
instruments for liquidity management
purposes.

Please choose one.

I will invest according to my risk profile.

I acknowledge the risk attitude resulting from the assessment but I decide to invest in fund/s outside of my risk profile.

FINAL FUND ALLOCATION

Should you choose to invest in two or more funds, please indicate your preferred allocation in the space provided below (i.e.
75% Peso Secure Fund, 25% Peso Dynamic Allocation Fund). Please note that this may not be according to your risk profile.
 Client Suitability Assessment

ACKNOWLEDGEMENT
I understand that this material is for informational purposes only and does not intend to solicit or recommend any action based on the information and/or
profile contained herein. I recognize and acknowledge that I must rely on my own examination of the merits and risks involved in making investment decisions
and that I hold the final decision on my investment choices.

I know that my investment decision may expose me to a level of risk and I hereby assume all risks accompanying my decision.

I understand that all the investment risks under the variable life insurance policy are to be borne solely by me, as the policyholder.

#OWNER_SIGNATURE #OWNER_SIGNDATE #AGENT_SIGNATURE

Signature over printed name Date Signature over printed name
of the Policyowner of the Financial Sales Associate

Note: MCBL highly encourages clients to review their Risk Profile every three (3) years. Should there be any changes in your
personal or financial preferences on or before three (3) years, kindly contact your Financial Sales Associate at the nearest
Chinabank or Chinabank Savings branch for re-assessment. Or you may also visit MCB L's website at www.manulife-
chinabank.com.ph.
 PRODUCT HIGHLIGHT SHEET
1. What are you investing in and who are you investing with?
Manulife China Bank Life Assurance Corporation (MCBL) Invest, a Minimum 5-Pay variable life insurance product with minimal charges that
allows you to enjoy the rewards from investing in any or a combination of professionally-managed investment accounts while providing you with life long
protection.

2. What are the key risks of this investment?

The amount of earnings from this product may vary from period to period and the principal amount invested is exposed to risk of loss. There is a possibility
that the actual return of your investment will be lower than what you expected due to unpredictable market condition.

3. What are the fees and charges for this investment?

• Premium Charge of 25% on the 1st policy year is deducted from the Basic Premium received. Top-Up Premiums shall also be subjected to a 4%
premium charge.
• Management Fee of 1.75% to 2.25% per year depending on the chosen fund.
• Policy Fee is a flat of Php 1,200 per year.
• A monthly Cost of Insurance (COI) charge will be deducted from your Account Value. This charge varies depending on your age.
• Payment for rider coverage will be deducted against the Account Value, at the same time as the COI for the base coverage. Rider COI rate is based
on the Insured's attained age.
• Fund Switching Fee of Php 200 is charged after two (2) free switches per policy year.
• Premium Holiday Charges are due when the Basic Premiums are not received before the end of the 60-day grace period and are deducted from the
Account Value at Unit Price. This is determined by multiplying the Basic Modal Premium by the Premium Holiday Charge. The schedule of Premium
Holiday Charge is as follows: 25% on the first policy year, 30% on the second policy year, 30% on the third policy year, 20% on the fourth policy year
and 10% on the fifth policy year.

4. How often are valuations available?

The frequency of valuation is daily, therefore your investment’s value may change daily. Daily value per unit can be seen in www.manulife-chinabank.com.ph.

5. How can you exit from this investment and what are the risks and costs in doing so?
You may surrender this policy for its Account Value by completing the relevant form supplied by the Company. There is an early surrender charge on the
withdrawal amount within the first eight (8) years. The surrender amount is dependent on prevailing unit prices during time of surrender.
Policy Year Surrender Charge
1 100%
2 90%
3 80%
4 70%
5 60%
6 50%
7 40%
8 30%
9+ 0%
6. How do you contact us?
You may visit any China Bank branch, China Bank Savings branch or our Head Office which is located at 10th Floor NEX Tower, 6786 Ayala Avenue, Makati
City, 1229 Philippines. You may also call our Customer Care at 8884-7000 or our Direct Line at 8843-4091.

7. What other important information should you know before you invest?
Please refer to the Sales Illustration to know more about this Product.

#OWNER_SIGNATURE #AGENT_SIGNATURE
ERIKA BIANCA VILLAZOR ISIDRO LIM,JENNIFER,PARACALI (C11187)

POLICYOWNER FINANCIAL SALES ASSOCIATE

This is not a deposit product. Earnings are not assured and principal amount invested is exposed to
risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly
explained. If you do not fully understand this product, do not purchase or invest in it.
FINANCIAL PRODUCTS OF MANULIFE CHINA BANK LIFE ASSURANCE CORPORATION ARE NOT
INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION AND ARE NOT
GUARANTEED BY CHINA BANKING CORPORATION.
MCBL Invest is a minimum 5-Pay1 variable life insurance product with minimal charges that allows you to enjoy the rewards from investing in any
or a combination of professionally-managed investment accounts while providing you with life long protection.
MCBL INVEST'S MAJOR FEATURES
Determine the desired Face Amount depending on your need to help you achieve your financial objectives. You
decide on your annual basic premium from a minimum amount of PHP 100,000.
Choose the investment account that suits your risk profile or investment time frame. Choose among a wide range of
funds based on your risk profile or investment time frame. Invest in funds that can maximize the growth of your money depending on your risk
appetite, or choose funds geared towards optimizing returns by creating wealth early on and protecting it as your chosen target date
approaches.
Provide yourself with the protection you need. Your beneficiaries shall receive the higher of the policy's Face Amount or the
Account Value, adjusted by all partial withdrawals and top-ups made, subject to minimum death benefit2.
Increase your investment if you wish or simply take advantage of optimistic market trends. Build up your investment
through additional premiums ("top-ups") anytime.
Withdraw from your account if needed. You may withdraw anytime for any reason, subject to applicable surrender charges,
minimum withdrawal amount, and minimum remaining fund balance.
Enjoy the reward of keeping your investment with Manulife China Bank Life Assurance Corporation. Loyalty Bonus3
equal to 2% of your average fund balance is automatically added to your Account Value starting at the end of the 5th year and every 4 years
thereafter, subject to certain conditions.
Check on your investment regularly. The unitized feature of our funds allows you to monitor your investment by checking our unit
prices daily at www.manulife-chinabank.com.ph or every Thursday in a major Philippine broadsheet newspaper.

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY
INFORMATION
Insured : ERIKA BIANCA VILLAZOR Sex : FEMALE
ISIDRO
Age : 37 Currency : Philippine Peso
YOUR BENEFITS
Basic Benefit Face Amount Annual Basic Premium
MCBL Invest Minimum 5-Pay (DB Option 2 (Level Face) - 10x - 20x) PHP
5,000,000 PHP 500,000.00
Supplementary Benefits5 Face Amount
Accidental Death Benefit (ADB) 100% of Face Amount 4
Accelerated Total and Permanent Disability (ATPD) 50% of Death Benefit 4
Enhanced Critical Illness Rider (ECI) PHP 2,500,000
PREMIUMS
Premium Component Annual Semi-Annual Quarterly Monthly
Basic Premium PHP 500,000.00 PHP 250,000.00 PHP 125,000.00 PHP 41,666.67
Recurring Top-Up Premium PHP 0.00 PHP 0.00 PHP 0.00 PHP 0.00
Total Premium PHP 500,000.00 PHP 250,000.00 PHP 125,000.00 PHP 41,666.67
If, after buying the policy, you decide it is not suitable for your needs, simply return the Policy Contract to Manulife China Bank Life Assurance
Corporation within fifteen (15) days from the date you received it. We will refund to you the applicable Premium Load, Cost of Insurance, Policy Fee
and Account Value of your policy.
1Premium payment period of minimum 5 years is not guaranteed. You may still be required to pay additional premium after 5 years if the Account Value is insufficient to pay the charges.
2The minimum death benefit as prescribed by law is 500% of Basic Premium plus 125% of Top-ups less 125% of withdrawals.
3Loyalty Bonus is not guaranteed and excludes funds from Top-Ups.
4Face Amount and Death Benefit reflect any adjustments due to any top-up premiums and/or partial withdrawals subject to company coverage limits.
5The Cost of Insurance for the riders are deducted from the Account Value.

#OWNER_SIGNATURE #AGENT_SIGNATURE
ERIKA BIANCA VILLAZOR ISIDRO LIM,JENNIFER,PARACALI (C11187)
POLICYOWNER FINANCIAL SALES ASSOCIATE
This is not a deposit product. Earnings are not assured and principal amount invested is exposed to risk
of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained.
If you do not fully understand this product, do not purchase or invest in it.
FINANCIAL PRODUCTS OF MANULIFE CHINA BANK LIFE ASSURANCE CORPORATION ARE NOT
INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION AND ARE NOT
GUARANTEED BY CHINA BANKING CORPORATION.
Page 1 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Manulife China Bank Life Assurance Corporation (MCBL) is a strategic alliance between Manulife Philippines and China
Bank, providing a wide range of innovative insurance products and services to China Bank and China Bank Savings customers. The
aim is to ensure that every client receives the best possible solution to meet his or her individual financial and insurance needs. In
2014, China Bank raised its equity stake to 40% in Manulife China Bank Life.

The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife's
Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the
leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial
Corporation, among the world's largest life insurance companies by market capitalization. Learn more about Manulife Philippines by
visiting their website www.manulife.com.ph and following them on Facebook (www.facebook.com/ManulifePH), Twitter
(@ManulifePH), and Instagram (@manulifeph).

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier
and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice,
insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had
more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of
December 31, 2018, we had over $1.1 trillion (US$794 billion) in assets under management and administration, and in the previous
12 months we made $29.0 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are
where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on
the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

China Banking Corporation (China Bank), founded in 1920, is the country's first privately-owned local commercial bank. It
was listed on the Philippine Stock Exchange in 1927 (PSE stock symbol: CHIB), became the first bank in Southeast Asia to process
deposit accounts on-line in 1969, the first Philippine bank to offer phone banking in 1988, and acquired its universal banking license
in 1991. It provides a full range of banking products and services to corporate, commercial, and retail customers through 621
branches to date, including 162 branches of its retail bank arm China Bank Savings (CBS), complemented by its ATM network
nationwide and internet and mobile banking alternative channels and services. It also offers a wide range of allied financial services
through its subsidiaries China Bank Capital Corp., China Bank Securities Corp., China Bank Insurance Brokers Inc., and affiliate
Manulife China Bank Life Assurance Corp. With nearly a century of enduring partnerships marked by quality service to its clients, with
significant contribution to the country's financial landscape, China Bank remains to be one of the largest, most respected, trusted,
and stable financial institutions in the country.

Manulife China Bank Life Assurance Corporation is located at 10th Floor NEX Tower, 6786 Ayala Avenue, Makati City,
1229 Philippines. For any inquiries, you may call our Customer Care at 8884-7000 or our Direct Line at 8843-4091.

Page 2 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

ILLUSTRATION OF BENEFITS
This illustration is based on the product specifications in the first page of this proposal.

THE RESULTS SHOWN MERELY ILLUSTRATE SCENARIOS AND ARE NOT GUARANTEED
Basic
Year Age TOTAL ACCOUNT VALUE FULL WITHDRAWAL VALUE TOTAL DEATH BENEFIT
Premiums
Low Medium High Low Medium High Low Medium High
1 38 500,000 352,554 366,806 373,936 0 0 0 5,000,000 5,000,000 5,000,000
2 39 500,000 849,716 898,592 923,468 84,972 89,859 92,347 5,000,000 5,000,000 5,000,000
3 40 500,000 1,367,317 1,473,732 1,528,901 273,463 294,746 305,780 5,000,000 5,000,000 5,000,000
4 41 500,000 1,906,291 2,095,971 2,196,193 571,887 628,791 658,858 5,000,000 5,000,000 5,000,000
5 42 500,000 2,500,736 2,805,093 2,969,019 1,000,294 1,122,037 1,187,608 5,000,000 5,000,000 5,000,000
6 43 0 2,565,027 2,995,245 3,232,543 1,282,513 1,497,622 1,616,271 5,000,000 5,000,000 5,000,000
7 44 0 2,630,232 3,199,895 3,522,279 1,578,139 1,919,937 2,113,367 5,000,000 5,000,000 5,000,000
8 45 0 2,696,201 3,420,225 3,841,027 1,887,341 2,394,157 2,688,719 5,000,000 5,000,000 5,000,000
9 46 0 2,815,477 3,721,965 4,263,056 2,815,477 3,721,965 4,263,056 5,000,000 5,000,000 5,000,000
10 47 0 2,885,361 3,983,772 4,657,733 2,885,361 3,983,772 4,657,733 5,000,000 5,000,000 5,000,000
11 48 0 2,956,356 4,266,985 5,093,793 2,956,356 4,266,985 5,093,793 5,000,000 5,000,000 5,093,793
12 49 0 3,028,225 4,573,522 5,573,336 3,028,225 4,573,522 5,573,336 5,000,000 5,000,000 5,573,336
13 50 0 3,159,642 4,991,266 6,201,826 3,159,642 4,991,266 6,201,826 5,000,000 5,000,000 6,201,826
14 51 0 3,234,818 5,357,137 6,788,248 3,234,818 5,357,137 6,788,248 5,000,000 5,357,137 6,788,248
15 52 0 3,308,601 5,749,913 7,430,915 3,308,601 5,749,913 7,430,915 5,000,000 5,749,913 7,430,915
16 53 0 3,381,446 6,171,321 8,135,032 3,381,446 6,171,321 8,135,032 5,000,000 6,171,321 8,135,032
17 54 0 3,519,002 6,739,031 9,056,398 3,519,002 6,739,031 9,056,398 5,000,000 6,739,031 9,056,398
18 55 0 3,591,984 7,232,947 9,916,374 3,591,984 7,232,947 9,916,374 5,000,000 7,232,947 9,916,374
19 56 0 3,660,940 7,760,823 10,856,739 3,660,940 7,760,823 10,856,739 5,000,000 7,760,823 10,856,739
20 57 0 3,726,881 8,326,836 11,887,005 3,726,881 8,326,836 11,887,005 5,000,000 8,326,836 11,887,005
23 60 0 3,993,284 10,467,547 15,876,810 3,993,284 10,467,547 15,876,810 5,000,000 10,467,547 15,876,810
28 65 0 4,361,329 15,171,630 25,499,349 4,361,329 15,171,630 25,499,349 5,000,000 15,171,630 25,499,349

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY

The Low, Medium and High values are calculated assuming fund earning rates of 4.00%, 8.00% and 10.00%, respectively, net of Fund Management
Charges. These rates are used merely to illustrate and do not represent actual year-on-year performance. These scenarios DO NOT represent lower
and upper limit of fund crediting levels. The values shown are not guaranteed and depend on the actual performance of the Funds.
When the Total Account Value is zero, the Account Value will be insufficient to cover the monthly deductions. To provide you with continued
insurance coverage, we shall create a policy debt corresponding to the monthly deductions while there is no Account Value, provided that Basic
premiums due are paid on time and there are no fund withdrawals. This policy debt, accumulated in your account without interest, is extinguished if,
and as, the Account Value grows. The policy will not be terminated on account of an outstanding policy debt within the first 2 years, provided that
premiums are paid on time and there are no withdrawals from your account. If the Account Value is still insufficient to pay for the monthly charges
and the accumulated policy debt after the policy debt period, then the policy will terminate. Top-Up will be required to prevent the policy from
terminating. Any policy debt shall be deducted from the Total Death Benefit payable.
A non-guaranteed Loyalty Bonus at the end of the 5th year and every 4 years thereafter is included in the above illustration, if eligible. The Loyalty
Bonus is 2% of the average Account Value for the past 48 months, excluding funds from Top-Up Premiums.
Please refer to Charges and Important Illustration Notes for more information.

#OWNER_SIGNATURE #AGENT_SIGNATURE
ERIKA BIANCA VILLAZOR ISIDRO LIM,JENNIFER,PARACALI (C11187)
POLICYOWNER FINANCIAL SALES ASSOCIATE

Page 3 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

CHARGES
This Sales Illustration is based on the following charges:
Premium Charge of 25% on the first policy year is deducted from the Basic Premium received. Recurring Top-Up premiums and Lump-Sum
Top-Up premiums shall also be subject to a 4% premium charge.
Fund Management Charge will be charged per year to cover the cost of managing the assets. Please refer to Investment Fund Options page
for more details.
Monthly Deductions will be deducted from the Account Value at Unit Price. The illustration is based on annual mode and standard risk class.
Actual deductions from the Fund shall be made monthly. The monthly deductions consist of the following:
Policy Fee of PHP 100.00 per month.
Cost of Insurance (COI) which starts at standard annual rate of 2.96 per thousand of amount at risk or PHP 1,140.26 per month and
increases with age but will not exceed a monthly charge of 83.33 per thousand of amount at risk.
Payment for Supplementary Benefits will be deducted against the Account Value, at the same time as the COI for the base coverage.
Supplementary benefit COI rate is based on the Insured's attained age. The total supplementary benefit COI starts at PHP 1,810.42 and
increases with age.
Premium Holiday Charges are due when the Basic Premiums are not received before the end of the 60-day grace period and are deducted
from the Account Value at Unit Price. This is determined by multiplying the Basic Modal Premium by the Premium Holiday Charge. The schedule
of Premium Holiday Charge is as follows: 25% on the first policy year, 30% on the second policy year, 30% on the third policy year, 20% on
the fourth policy year and 10% on the fifth policy year.
Surrender Charges, expressed as a percentage of the amount withdrawn or surrendered, are charged for every partial and full withdrawal
made, are as follows:

Policy Year Surrender Charge

1 100%
2 90%
3 80%
4 70%
5 60%
6 50%
7 40%
8 30%
9+ 0%
The company reserves the right to change the charges upon approval of the Insurance Commission and by giving the Owner at
least three (3) months notice.

IMPORTANT ILLUSTRATION NOTES

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY
All payments and benefits shown are in Philippine Pesos.
The illustration assumes that the Total Basic Premiums and Recurring Top-Up Premiums, if any, are paid in full. Recurring Top-Up
Premiums and Lump-Sum Top-Up Premiums and Partial Withdrawals, if any, are at the beginning of the policy year. Top-Up Premiums are
allowed provided no premiums are deferred.
Recurring Top-Ups, if any, are paid on top of the Basic Premiums.
Full Withdrawal Values illustrated are net of all charges outlined in the Fund Page(s) of this illustration, and surrender charges applicable
to the first 8 years of the policy as mentioned above. The surrender charges mentioned do not apply to any Recurring Top-Up or Lump-
Sum Top-Ups. Any withdrawal from the Recurring Top-Ups and Lump-Sum Top-Ups is not subject to the surrender charges.
This illustration shall form part of the insurance contract once the policy is issued. The precise terms and conditions of this plan are
specified in your policy contract. Please refer to your policy contract for full details.
We have tried our best to ensure the accuracy of this illustration; however, errors and omissions may still have occurred in its preparation.
By signing below, you signify that you have read and understood the disclosures in the illustrations; that your
Financial Sales Associate has explained to your satisfaction the principal features of the policy, the manner in which
the variable benefits will reflect the investment experience of the separate investment fund(s), and the guarantees on
minimum death benefit and maximum charges; that you fully understand that when buying this policy, you are
assuming all investment risks associated with it.

#OWNER_SIGNATURE #AGENT_SIGNATURE
ERIKA BIANCA VILLAZOR ISIDRO LIM,JENNIFER,PARACALI (C11187)
POLICYOWNER FINANCIAL SALES ASSOCIATE
Page 4 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
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Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

INVESTMENT FUND OPTIONS

INVESTMENT FUND OBJECTIVES Fund Fund Allocation
Management
Charge
Peso Secure Fund
Designed to achieve stable and long-term growth by investing in government securities, high-quality corporate debt securities and/or in pooled fund/s 1.75% 0%
that invest in these securities and other liquid fixed income instruments.
Peso Diversified Value Fund
Designed to achieve a stable and long-term capital growth by investing in government securities, high-quality corporate debt securities, stocks listed on 2.00% 0%
the Philippine Stock Exchange and/or pooled fund/s that invest in these securities and other liquid fixed income instruments.
Peso Dynamic Allocation Fund
Designed to achieve long-term capital growth by investing in diversified portfolios of local currency-denominated fixed income securities and securities 2.25% 0%
listed on the Philippine Stock Exchange and/or pooled funds that invest in these securities and other liquid fixed income instruments.
Peso Wealth Optimizer 2026 Fund
Seeks to maximize long-term capital growth while managing the risk of capital erosion as the 2026 target date approaches through a dynamic 2.25% 0%
rebalancing of exposure to diversified portfolios of peso-denominated fixed income securities and securities listed on the Philippine Stock Exchange
and/or pooled funds that invest in these securities and other liquid fixed income instruments.
Peso Wealth Optimizer 2031 Fund
Seeks to maximize long-term capital growth while managing the risk of capital erosion as the 2031 target date approaches through a dynamic 2.25% 0%
rebalancing of exposure to diversified portfolios of peso-denominated fixed income securities and securities listed on the Philippine Stock Exchange
and/or pooled funds that invest in these securities and other liquid fixed income instruments.
Peso Wealth Optimizer 2036 Fund
Seeks to maximize long-term capital growth while managing the risk of capital erosion as the 2036 target date approaches through a dynamic 2.25% 0%
rebalancing of exposure to diversified portfolios of peso-denominated fixed income securities and securities listed on the Philippine Stock Exchange
and/or pooled funds that invest in these securities and other liquid fixed income instruments.
Peso Growth Fund
Designed to achieve long-term capital appreciation by investing in stocks listed on the Philippine Stock Exchange, government securities and/or in pooled 2.25% 50%
fund/s that invest in these securities and other liquid instruments.
Peso Powerhouse Fund
Designed to achieve long-term capital appreciation by investing in a concentrated portfolio of companies with significant economic exposure to or derive 2.00% 50%
a significant portion of earnings from the Philippines. The Fund may also invest in pooled funds that invest in similar securities and other liquid fixed
income instruments.
Peso Cash Fund (for fund switching only)
Aims to deliver returns with low volatility through investments in cashlike instruments. 0.50% NA

HISTORICAL INVESTMENT FUND PERFORMANCE

Yearly Returns
Peso Secure Fund Peso Diversified Peso Dynamic Peso Growth Fund Peso Wealth Peso Wealth Peso Wealth Peso Powerhouse
Value Fund Allocation Fund Optimizer Fund 2026 Optimizer Fund 2031 Optimizer Fund 2036 Fund

Inception Date April 14, 2009 April 14, 2009 July 1, 2013 April 14, 2009 August 8, 2016 August 8, 2016 August 8, 2016 February 16, 2017
2009 *2.20% *9.40% N.A. *33.00% N.A. N.A. N.A. N.A.
2010 12.43% 17.46% N.A. 37.37% N.A. N.A. N.A. N.A.
2011 13.66% 9.88% N.A. 2.35% N.A. N.A. N.A. N.A.
2012 7.58% 12.18% N.A. 35.78% N.A. N.A. N.A. N.A.
2013 10.89% 7.70% *-5.00% 1.85% N.A. N.A. N.A. N.A.
2014 2.47% 5.89% 11.45% 21.55% N.A. N.A. N.A. N.A.
2015 -2.22% -3.17% -4.90% -6.20% N.A. N.A. N.A. N.A.
2016 0.26% -0.06% -1.88% -2.34% *-13.30% *-13.90% *-14.00% N.A.
2017 -0.65% 4.20% 12.32% 24.35% 18.22% 21.84% 22.21% *17.40%
2018 -3.71% -5.85% -10.16% -13.70% -11.41% -13.06% -13.51% -12.52%
Return Since 48.10% 70.70% -0.10% 213.80% -9.20% -8.80% -9.10% 2.70%
Inception

* Fund performance is from inception date until December 31 of the launch year
• The Investment Funds ("Funds") mentioned in this document are specific to variable life insurance contracts and are not considered mutual funds.
• Yields depend on interest and foreign exchange rate levels, both of which may fluctuate. Other factors that affect yield include changes in the credit standing of the issuers and changes in the value of the stocks
and dividends received. Further, investments of the Funds may provide that their values be determined based on prices or yields of other securities, instruments or foreign currencies, and such provisions may result
in negative fluctuations in the value of these instruments and, in turn, the Funds' yields. Thus, the performance of the separate account(s) is not guaranteed and the value of the policy could be less than the capital
invested subject to any specified minimum guarantees.
• The Variable Life policyowner shall bear all investment risks.
• Past performance of the Funds is not necessarily indicative of future performance. Yields are not guaranteed. Yields indicated are exclusive of charges associated with the variable life policy.
• The Unit Price of a particular Fund is computed by dividing the Net Asset Value of the Fund by the number of outstanding units of the Fund on the Valuation Date.
• The frequency of valuation is daily.
• Unit Prices of the Funds are published weekly in major newspapers.

Certified true and correct:

Katerina Suarez
Senior Vice President and Chief Financial Officer
Page 5 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

PREMIUM HOLIDAY ILLUSTRATION

If your Account Value is sufficient, you may suspend payment of Premiums ("Premium Holiday"). Rider premiums due and
premium holiday charges, if any, will be deducted from the Account Value. The table below illustrates Premium Holiday after 3
years of premium payment. As a consequence of Premium Holiday, resulting Account Values will be lower and could be
exhausted earlier compared to continuously paying the premium.

THE RESULTS SHOWN MERELY ILLUSTRATE SCENARIOS AND ARE NOT GUARANTEED
Recurring Lump Sum Premium
Basic Gross Partial
Year Age Top-up Top-up Holiday TOTAL ACCOUNT VALUE TOTAL DEATH BENEFIT
Premiums Withdrawal
Premiums Premiums Charge
Low Medium High Low Medium High
1 38 500,000 0 0 0 0 352,554 366,806 373,936 5,000,000 5,000,000 5,000,000
2 39 500,000 0 0 0 0 849,716 898,592 923,468 5,000,000 5,000,000 5,000,000
3 40 500,000 0 0 0 0 1,367,317 1,473,732 1,528,901 5,000,000 5,000,000 5,000,000
4 41 0 0 0 0 100,000 1,278,976 1,444,529 1,532,687 5,000,000 5,000,000 5,000,000
5 42 0 0 0 0 50,000 1,236,740 1,464,971 1,590,039 5,000,000 5,000,000 5,000,000
6 43 0 0 0 0 0 1,242,649 1,539,301 1,706,639 5,000,000 5,000,000 5,000,000
7 44 0 0 0 0 0 1,246,339 1,617,620 1,833,265 5,000,000 5,000,000 5,000,000
8 45 0 0 0 0 0 1,247,414 1,700,042 1,970,797 5,000,000 5,000,000 5,000,000
9 46 0 0 0 0 0 1,245,489 1,786,737 2,120,269 5,000,000 5,000,000 5,000,000
10 47 0 0 0 0 0 1,240,410 1,878,157 2,283,108 5,000,000 5,000,000 5,000,000
11 48 0 0 0 0 0 1,231,997 1,974,829 2,460,975 5,000,000 5,000,000 5,000,000
12 49 0 0 0 0 0 1,219,602 2,076,886 2,655,288 5,000,000 5,000,000 5,000,000
13 50 0 0 0 0 0 1,202,142 2,184,151 2,867,372 5,000,000 5,000,000 5,000,000
14 51 0 0 0 0 0 1,178,550 2,296,593 3,098,944 5,000,000 5,000,000 5,000,000
15 52 0 0 0 0 0 1,145,115 2,412,411 3,350,786 5,000,000 5,000,000 5,000,000
16 53 0 0 0 0 0 1,102,430 2,532,971 3,626,278 5,000,000 5,000,000 5,000,000
17 54 0 0 0 0 0 1,048,681 2,658,127 3,928,185 5,000,000 5,000,000 5,000,000
18 55 0 0 0 0 0 981,751 2,787,740 4,259,858 5,000,000 5,000,000 5,000,000
19 56 0 0 0 0 0 897,654 2,920,086 4,623,719 5,000,000 5,000,000 5,000,000
20 57 0 0 0 0 0 795,031 3,056,706 5,026,495 5,000,000 5,000,000 5,026,495
23 60 0 0 0 0 0 367,592 3,507,302 6,480,300 5,000,000 5,000,000 6,480,300
28 65 0 0 0 0 0 0 4,457,849 9,939,548 0 5,000,000 9,939,548

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY

The Low, Medium and High values are calculated assuming fund earning rates of 4.00%, 8.00% and 10.00%, respectively, net of Fund Management
Charges. These rates are used merely to illustrate and do not represent actual year-on-year performance. These scenarios DO NOT represent lower
and upper limit of fund crediting levels. The values shown are not guaranteed and depend on the actual performance of the Funds.
For low scenario, policy will lapse on policy year 25 due to insufficient Account Value.
When the Total Account Value is zero, the Account Value will be insufficient to cover the monthly deductions. To provide you with continued
insurance coverage, we shall create a policy debt corresponding to the monthly deductions while there is no Account Value, provided that Basic
premiums due are paid on time and there are no fund withdrawals. This policy debt, accumulated in your account without interest, is extinguished if,
and as, the Account Value grows. The policy will not be terminated on account of an outstanding policy debt within the first 2 years, provided that
premiums are paid on time and there are no withdrawals from your account. If the Account Value is still insufficient to pay for the monthly charges
and the accumulated policy debt after the policy debt period, then the policy will terminate. Top-Up will be required to prevent the policy from
terminating. Any policy debt shall be deducted from the Total Death Benefit payable.
Premium Holiday Charges are due when the Basic Premiums are not received before the end of the 60-day grace period and are deducted from the
Account Value at Unit Price. This is determined by multiplying the Basic Modal Premium by the Premium Holiday Charge. The schedule of Premium
Holiday Charge is as follows: 25% on the first policy year, 30% on the second policy year, 30% on the third policy year, 20% on the fourth policy
year and 10% on the fifth policy year.
Please refer to Charges and Important Illustration Notes page for more information.

#OWNER_SIGNATURE #AGENT_SIGNATURE
ERIKA BIANCA VILLAZOR ISIDRO LIM,JENNIFER,PARACALI (C11187)
POLICYOWNER FINANCIAL SALES ASSOCIATE

Page 6 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

LOYALTY BONUS ILLUSTRATION

This illustration is based on the product specifications in the first page of this proposal.

THE RESULTS SHOWN MERELY ILLUSTRATE SCENARIOS AND ARE NOT GUARANTEED
Recurring Lump Sum
Basic Gross Partial
Year Age Top-up Top-up LOYALTY BONUS
Premiums Withdrawal
Premiums Premiums
Low Medium High
1 38 500,000 0 0 0 0 0 0
2 39 500,000 0 0 0 0 0 0
3 40 500,000 0 0 0 0 0 0
4 41 500,000 0 0 0 0 0 0
5 42 500,000 0 0 0 32,690 35,253 36,602
6 43 0 0 0 0 0 0 0
7 44 0 0 0 0 0 0 0
8 45 0 0 0 0 0 0 0
9 46 0 0 0 0 52,666 64,382 71,085
10 47 0 0 0 0 0 0 0
11 48 0 0 0 0 0 0 0
12 49 0 0 0 0 0 0 0
13 50 0 0 0 0 59,193 85,895 102,837
14 51 0 0 0 0 0 0 0
15 52 0 0 0 0 0 0 0
16 53 0 0 0 0 0 0 0
17 54 0 0 0 0 66,210 115,716 149,998
18 55 0 0 0 0 0 0 0
19 56 0 0 0 0 0 0 0
20 57 0 0 0 0 0 0 0
23 60 0 0 0 0 0 0 0
28 65 0 0 0 0 0 0 0

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY

The Low, Medium and High values are calculated assuming fund earning rates of 4.00%, 8.00% and 10.00%, respectively, net of Fund Management
Charges. These rates are used merely to illustrate and do not represent actual year-on-year performance. These scenarios DO NOT represent lower
and upper limit of fund crediting levels. The values shown are not guaranteed and depend on the actual performance of the fund.
The payment of the Loyalty Bonus is contingent on the fulfillment of the following conditions:
1. All withdrawals made do not exceed all Top-Up premiums paid.
2. All basic premiums due in arrears are paid when policy resumes premium payment.
3. All basic premiums due in arrears are paid when policy is reinstated.

#OWNER_SIGNATURE #AGENT_SIGNATURE
ERIKA BIANCA VILLAZOR ISIDRO LIM,JENNIFER,PARACALI (C11187)
POLICYOWNER FINANCIAL SALES ASSOCIATE

Page 7 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

SUPPLEMENTARY BENEFITS

Coverage / Annual
Benefit Premium
Accidental Death Benefit (ADB) 100% of Face Amount ^ *
Provides additional coverage if death occurs through accidental means.
Accelerated Total and Permanent Disability (ATPD)** 50% of Death Benefit ^ *
A percentage of your Death B enefit is given in advance should you
become totally and permanently disabled.

*The cost of insurance charge for the riders are deducted from the Account Value.
**Exclusions and limitations based on pre-existing conditions may apply. You have 15 days to look at this rider from the time you receive it. If you
decide it is not suitable for your needs, you can return it and we will do a refund. You may refer to your rider contract for more details.
^ Face Amount and Death Benefit reflect any adjustments due to any top-up premiums and/or partial withdrawals subject to company coverage
limits.

Page 8 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Sales Illustration Specially Designed For ERIKA BIANCA VILLAZOR ISIDRO

SUPPLEMENTARY BENEFITS

Coverage / Annual
Benefit Premium
Enhanced Critical Illness Rider (ECI)** 2,500,000 *
Provides for the payment of rider coverage if the Insured is diagnosed to
be suffering from any of the 35 specified critical illnesses. Payment of
critical illness benefit will not reduce the amount of death benefit. This
rider terminates once critical illness benefit is given, but basic policy will
continue.
35 Critical Illnesses
Diseases of the Circulatory System Specific Diseases
1. Myocardial Infarction 19. Cancer
2. Coronary Artery Disease Requiring Surgery 20. Major Organ Transplantation
3. Heart Valve Replacement 21. Coma
4. Surgery to Aorta 22. Terminal Illness
Diseases of the Nervous System 23. Major Burns
5. Stroke 24. Occupationally Acquired HIV
6. Benign Brain Tumor Forms of Disability
7. Multiple Sclerosis 25. Paralysis
8. Amyotrophic Lateral Sclerosis 26. Blindness
9. Parkinson's Disease 27. Loss of Limbs
10. Poliomyelitis 28. Loss of Hearing
11. Encephalitis 29. Loss of Speech
Diseases of the Excretory System 30. Total and Permanent Disability
12. Kidney Failure Disease of the Respiratory System
13. Medullary Cystic Disease 31. End-Stage Lung Disease
Diseases of the Muscular System Diseases of the Digestive System
14. Muscular Dystrophy 32. Chronic Liver Disease
15. Progressive Bulbar Palsy 33. Chronic Relapsing Pancreatitis
16. Progressive Muscular Atrophy Collagen Diseases
17. Hemolytic Streptococcal Gangrene 34. Severe Rheumatoid Arthritis
Hematology-Related Disease 35. Systemic Lupus Erythematosus
18. Aplastic Anemia

*The cost of insurance charge for the riders are deducted from the Account Value.
**Exclusions and limitations based on pre-existing conditions may apply. You have 15 days to look at this rider from the time you receive it. If you
decide it is not suitable for your needs, you can return it and we will do a refund. You may refer to your rider contract for more details.

Page 9 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK
Applicant : ERIKA BIANCA VILLAZOR ISIDRO
Application No :
FSA's Name : LIM,JENNIFER,PARACALI Code No : C11187 Area :

ACKNOWLEDGEMENT OF VARIABILITY
I acknowledge that:

I have applied with Manulife China Bank Life Assurance Corporation for a Variable Life Insurance Policy, and have reviewed the illustration(s) that shows
how a variable life insurance policy performs using the company's assumptions and based on Insurance Commission's guidelines on interest rates.

I understand that since the fund performance may vary, the values of my units are not guaranteed and will depend on the actual performance at that given
period and that the value of my policy could be less than the capital invested. The unit values of my Variable Life Insurance are periodically published.

I understand that the recommended minimum payment period of 5 years may not be sufficient to keep my policy in-force and that to keep my policy from
termination, I may be required to put in additional top-up premiums when the Account Value becomes insufficient to cover the policy charges.

I understand that payment for rider coverage will be deducted from the Account Value. If the Account Value is not sufficient to pay for all the charges
including the cost of insurance for the riders, then the riders will be automatically deleted.

I understand that the investment risks under the policy are to be borne solely by me, as the policyowner.

#OWNER_SIGNATURE #OWNER_SIGNDATE
ERIKA BIANCA VILLAZOR ISIDRO Date
POLICYOWNER

ACKNOWLEDGEMENT OF UNDERSTANDING

I have carefully read and understood the disclosures in the illustration. My Financial Sales Associate has explained to my satisfaction the
principal features of the policy, the non-guaranteed components, the Premium Holiday charge when premiums are not paid before the 60-day
grace period, the manner in which the variable benefits will reflect the investment experience of the separate investment fund(s), and the
guarantees on minimum death benefit and maximum charges. I also understand that the illustration is valid only for one (1) month from print
date and that any alteration shall invalidate this illustration.

#OWNER_SIGNATURE #OWNER_SIGNDATE
ERIKA BIANCA VILLAZOR ISIDRO Date
POLICYOWNER

FSA's Attestation: This illustration has been presented to the Policyowner unaltered. The Policyowner has been told that values that are not
guaranteed are subject to change; and no statements have been made that are inconsistent with the illustration.

#AGENT_SIGNATURE #AGENT_SIGNDATE
LIM,JENNIFER,PARACALI(C11187) Date

FINANCIAL SALES ASSOCIATE

The Manager makes investment decisions for the Funds based on the circumstances of each Fund and
independently of decisions made for other funds. There are times when the Manager may take the same
investments for a Fund and one or more other funds. This may create a conflict of interest if there is only a
limited amount of the investment available, or if the investment is purchased at different times or at
different prices for different funds. If this happens, the Manager will attempt to allocate the investment
fairly between the Fund and other funds. Factors the Manager considers in allocations include the size and
timing of previous allocations, whether the security meets the objectives of the respective portfolios, the
relative portfolio size and the rate of growth of the portfolios.
Page 10 of 10
XOYKJ2208J2X36G This proposal prepared on 19 August, 2020 is valid until 18 September, 2020. Ver. Ph2020.3.69.005.0715
AGC11187AKWOBD75-01 Illustrations are valid only if all illustration pages are included. 205LU - PACK