02 July 2014

Peso and Dollar Denominated

PRULINK INVESTOR ACCOUNT PLUS

(Single Pay Unit-linked Product)
Product Primer

This Product Primer summarizes the key benefits and limits of PruLink Investor Account Plus. It is a quick guide on the product
created primarily for the use of Pru Life U.K. employees and distributors. Whilst reasonable care was made in the preparation of this
material, any omissions, deletions and/or statements inconsistent with the Policy Contract must be rectified in favor of the Policy
Contract. Should you wish to share this material with unintended parties, please seek prior approval from Market Research and
Product Development team.

What is PruLink Investor Account Plus?

PruLink Investor Account Plus (PIA Plus) is a single premium unit-linked plan with upfront and declining
back-end charges. Riders can be attached to PIA Plus.

A Guaranteed Insurability Endorsement will be attached to the policy stating the following benefit
restrictions:

a) If the Insured dies within the first two (2) years of the policy due to causes other than accident, the
Company’s liability shall be limited to the refund of the value of units plus all policy charges (initial charge,
insurance charge and policy fee). Otherwise, if death is due to accidental cause, the Company shall pay the
full death benefit.

b) If death occurs after two (2) years, the full death benefit is payable regardless of cause.

What are the riders attachable to PIA Plus?

 Non-accelerated Total & Permanent Disability

If the life insured becomes totally & permanently disabled due to bodily injury or disease before the policy
anniversary immediately following the 70th birthday of the insured, the Non-Accelerated TPD benefit will
be paid. Benefit amount is at least 100% of SP.

Occupational rating, if any, will still apply for this rider.

 Personal Accident*
The PA rider is designed to indemnify the insured for injury or death due to accident.
PA packages consist of ADD benefit of at least 100% of the SP and pre-selected optional PA components
at pre-set sum assured. The following PA packages are available:

i) PA Standard which consists of PA-Accidental Death and Disablement, PA-Accidental Total and
Permanent Disability, and PA - Murder and Assault
ii) PA Executive which consists of PA-Accidental Death and Disablement, PA-Accidental Total and
Permanent Disability, PA - Murder and Assault, and PA - Double Indemnity
iii) PA Power which consists of PA-Accidental Death and Disablement, PA-Accidental Total and Permanent
Disability, PA - Murder and Assault, and PA - Dangerous Sports Coverage
iv) PA Junior which consists of PA-Accidental Death and Disablement, PA-Accidental Total and Permanent
Disability, and PA - Field Trip Coverage

*PA - Accidental Medical Expense Reimbursement benefit is also available as an optional benefit to any
of the 4 packages above

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Occupational rating, if any, will still apply for this rider.

 Additional Term Rider

Provides additional death benefit equal to 100% of SP if life insured dies before the age of 75. The GIO
provision will apply for this rider.

Issue and Issue Age

Benefit Maximum Benefit
Termination
From To Termination Age
Ages
Core Death Benefit 0 70 100
Non-accelerated TPD 5 65 70
Additional Term Rider 0 60 75
Personal Accident Rider
PA-ADD 5 65 73
PA-TPD 5 65 73
PA-Murder and Assault 18 65 73
PA-Double Indemnity 25 65 73
PA-Dangerous Sports Coverage 18 24 26
PA-Fieldtrip Coverage 5 17 23
PA-AMR 5 65 73
Age at
entry 0 to 70
Insured 18 to 99
Owner
Issue Limits
Band 1 PHP 100,000 to less than PHP 200,000 USD 2,500 to less than USD 6,000
Band 2 PHP 200,000 to PHP 999,999 USD 6,000 to USD 19,999

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Sum Maximum
Minimum Maximum
Assured Benefit Benefit
Sum Assured Sum Assured
Limits Termination Age
25% of Single 25% of Single
Core Death Benefit Premium Premium
100% of Single 300% of Single
Non-accelerated TPD Premium Premium
100% of Single 100% of Single
Additional Term Rider Premium Premium
Personal Accident Rider
100% of Single 500% of Single
PA-ADD Premium Premium
PA-TPD 100% of PA-ADD 100% of PA-ADD
Maximum of:
PHP 1,000,000 or
PA-Murder and Assault 50% of PA-ADD 50% of PA-ADD USD 20,000

PA-Double Indemnity 100% of PA-ADD 100% of PA-ADD

Maximum of:
PA-Dangerous Sports PHP 500,000 or
Coverage 25% of PA-ADD 25% of PA-ADD USD 10,000
Maximum of:
PHP 100,000 or
PA-Fieldtrip Coverage 100% of PA-ADD 100% of PA-ADD USD 2,000
PA-AMR 10% of PA-ADD 10% of PA-ADD
Death - For the first 2 years from the Policy Effective Date:
Benefit (1) If death is due to accident, the full death benefit will be paid. i.e. higher of:

(a) 125% of Single Premium plus 125% of all Top-ups less 125% of all Partial
Withdrawals; or
(b) the Fund Value

(2) If death is due to causes other than accident, the death benefit is limited to return of
the value of units plus initial charge, policy fee, and all insurance charges paid.

- If death occurs after two (2) years from Policy Effective Date, the full death benefit is payable
regardless of cause. i.e. higher of:

(a) 125% of Single Premium plus 125% of all Top-ups less 125% of all
Partial Withdrawals; or
(b) the Fund Value

Initial 3% of Single Premium

Charge
Insurance Rate varies according to the age of the life insured at each billing date. The first year insurance
Charge charge is stated in the Sales Illustration. Insurance charges are deducted monthly from the fund,
while it is below the minimum death benefit. Insurance charges are inclusive of premium tax and
documentary stamp tax.

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Rider Used to cover the optional benefits that you have chosen. Similar to the Insurance Charge, the rate
Charge varies according to the age of the Life Insured at each billing date. This charge also includes the
cost of insurance taxes due on the optional benefit. Rider Charges are deducted monthly from the
fund, up to the end of the rider’s benefit term. It is inclusive of premium tax.
Policy Fee Used to cover administrative expenses. The amount of Policy Fee is PHP16.67/month (USD
0.33/month) which is stated in the Sales Illustration Form. Policy Fee is deducted monthly starting
month two (2) from policy’s effectivity date.
Withdrawal
Minimum PHP 20,000 USD 1,000

Minimum PHP 40,000 USD 3,000

balance

Charges

Partial/Full Withdrawal Charges

(% of withdrawal amt.)**

Policy year 1: 5%
Policy year 2: 4%
Policy year 3: 3%
Policy year 4: 2%
Policy year 5: 1%
Policy year 6 and up: 0%

** Partial withdrawals will first be drawn from the units created from the
single premium until they are exhausted. Once exhausted, succeeding partial
withdrawals will then be drawn from units created from top-ups, on a first-in-
first-out basis. The Surrender Charge that will be applied on each partial
withdrawal shall be based on the schedule above. If partial withdrawals are
drawn from units created from the single premium, the policy year will be
counted from the date the single premium is paid. If partial withdrawals are
drawn from units created from top-ups, the policy year will be counted from
the date the top-up is made.
Annual Management Charge

Prulink Bond Fund 1.53% of Fund Value 1.53% of Fund Value

Prulink Managed Fund 1.79% of Fund Value n/a
PruLink Growth Fund 2.25% of Fund Value n/a
PruLink ProActive Fund 2.25% of Fund Value n/a
PruLink Equity Fund 2.25% of Fund Value n/a
Money Market Fund* 0.50% of Fund Value n/a
Asian Local Bond Fund n/a 1.80% of Fund Value
Asia Pacific Equity Fund n/a 2.05% of Fund Value
Global Emerging Markets Dynamic Fund n/a 2.05% of Fund Value

*not available at policy issue

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Top-ups
GIO for Top-ups Top-ups made within the first 2 years from the Policy Effective date will be
issued without medical underwriting. Otherwise, usual medical underwriting
will apply
Initial Charge 3.00% 3.00%

Minimum PHP 20,000 USD 500

Maximum Subject to underwriting & Subject to underwriting & financial
financial underwriting underwriting
Fund Switch
Minimum PHP 20,000 USD 500
Minimum balance per fund after PHP 40,000 USD 3,000
switch
Fund Switching Fee Four (4) free switches per year; and 1% charge on the amount switched for
succeeding switches.

What is PruLink Investor Account Plus?

PruLink Investor Account Plus is a single premium unit-linked plan with minimal upfront charges but with
declining surrender charges for the first 5 years.

How does the policyholder buy units in the fund?

The policyholder’s single premium, after deduction of initial charge, is used to buy units in the fund. The
Company assigns units to the policy and this depends on the applicable unit price when the units are
allocated.

When is the unit pricing cut-off?

Pricing is done daily. If the Company receives the single premium before 12 noon of a given day, the
Company will use the price of the following day. However, if single premium is received after 12 noon, the
unit price of the day after next will be used.

How much goes to the investment fund after deducting all applicable charges?
Ninety-seven percent (97%) of the single premium go into the investment fund upon purchase. This 97%
is subject to monthly insurance charges which bear the premium tax and DST. The remaining 3% on the
other hand is used to pay for the initial charges. For the complete information about fees and charges,
please refer to the grid on pages 4 and 5.

How many days are allowed for the completion of the requirements?
15 days starting from the date that the requirement letter has been released from Head Office. Grace
period is only applicable for new businesses.

If the additional requirements are not submitted within the allotted grace period, the Company shall
decline the application and refund the single premium paid, without interest or charges.

Are PruLink Investor Account Plus applications still subject to underwriting?

Yes. In terms of medical and non- medical underwriting, PruLink Investor Account Plus will be offered on a
guaranteed issue basis but agents are expected to solicit business with due care and diligence and are
encouraged to sell to young and healthy individuals. However, 100% of the single premium shall be
subject to financial underwriting and anti-money laundering guidelines. If TPD and/or PA is attached,
policy undergoes Simplified Underwriting, instead of GIO. Simplified underwriting means answering
Personal History (Short Form) of the PruLink Application Form. Occupational rating, if any, will also apply
for the riders.

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What is a cooling off period?

This is a period of 15 days given to clients to review the policy. Within the duration of this period, the
client has the option to either continue or cancel the policy.

If the client chooses to withdraw the policy within the cooling off period, the amount to be refunded shall
be the value of units plus all charges. No surrender charges will be deducted from the amount to be
refunded. All commissions and overrides paid are subject to claw back.

What will be given to the client after the application has been issued?
The client will be provided with a policy booklet containing the following:
 Cover Letter
 PruLink Investor Account Plus Quotation Proposal signed by the client
 Policy contract
 Policy data page
 Transaction Confirmation Advice (TCA)

How can the policyholder switch from one fund to another?

The Company sells the units in the old fund and buys units in the new fund. The unit price used in the
selling and buying of units will be the unit price on the next pricing date following the Company’s receipt
of the application to switch.

The policyholder is given 4 free switches per policy year and this cannot be carried over to the next year if
unused. If the policyholder wants to switch more than four (4) times in a given year, policyholder will be
charged 1% of the amount switched, to be deducted from the proceeds of the sale of the originating
fund’s units.

There will be no surrender charge on the amount switched.

Can the policyholder withdraw from the fund?

Yes. The policyholder can make a partial or full withdrawal at any time as long as there is sufficient value
in the fund. Partial withdrawals from the policy may be made by cashing in the units in the fund.
Minimum amount for withdrawal is PHP 20,000 / USD 1,000 and a maintaining balance of P40,000/ USD
3,000 is required to keep the policy in force. Below are the effects of partial withdrawals from the policy:

a) The minimum death benefit (i.e. 125% of single premium) is reduced by 125% of each
withdrawal made;

b) The fund value may run out due to partial withdrawals and deduction of charges. If the fund
value is no longer sufficient to pay for any of the policy fee, insurance charge, rider charge or
other applicable charge, the policy automatically terminates on the day any such charges are
due. In such an event, the remaining balance of the units which are no longer sufficient to pay off
any outstanding charges will just be refunded to the policyowner.

The policy can be fully withdrawn at any time by cashing in 100% of the value of units to be paid to the
policyowner. When this happens, the contract ceases.

Surrender charges, if applicable, will be deducted from withdrawal proceeds or from the policyowner’s
account by selling units equivalent to the amount charged, depending on the policyowner’s choice.

How much is the death benefit?

In case of death of the insured, the beneficiary is entitled to 125% of the single premium less 125% of
total withdrawals, or the value of the units in the policy, whichever is higher.

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If the Insured dies within the first two (2) years of the policy due to causes other than accident, the
Company’s liability shall be limited to the refund of the value of units plus all policy charges (initial charge,
insurance charge and policy fee). Otherwise, if death is due to accidental cause, the Company shall pay
the full death benefit.

If death occurs after two (2) years, the full death benefit is payable regardless of cause.

What happens to the death benefit after a partial withdrawal?

When the policyholder withdraws from the fund, the sum assured is decreased by 25% of the withdrawn
amount.

What are the instances that will cause termination of the contract?
PruLink Investor Account Plus policy will cease automatically:
 if a full withdrawal of the fund is made;
 if the life insured dies; or
 if the fund depletes due to charges.

Pru Life Insurance Corporation of U.K. (Pru Life UK) may be obliged to comply with the requirements of the laws in
various jurisdictions, including but not limited to the Foreign Tax Account Compliance Act (FATCA) of the United
States (US). Under such requirements, Pru Life UK may be required to provide authorities, including but not limited
to the US Internal Revenue Service (IRS), information about certain customers. By availing of this product, your
customer agrees to complete all mandatory questions on the application form and provide Pru Life UK with any
additional information, as requested.

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PruLink Investor Account Plus allows policyholders to choose what funds to invest in. What are these funds?
a) PruLink Peso Bond Fund – seeks to achieve an optimal level of income in the medium term together with long
term capital growth through investments in fixed income securities and money market instruments.
b) PruLink Managed Fund – seeks to optimize medium to long term capital and income growth through
investment in fixed income securities, money market instruments and shares listed in the Philippine Stock
Exchange.
c) PruLink Growth Fund – seeks to optimize medium to long term capital and income growth, with an emphasis
on strong capital growth, through a greater focus of investment in shares of stocks listed in the Philippines. The
fund also invests in fixed income securities and money market instruments.
d) PruLink ProActive Fund - seeks to optimize medium to long term capital and income growth with emphasis on
dynamic asset allocation by fund managers through investment in fixed income securities, money market
instruments and shares of stocks listed in the Philippines.
e) PruLink Equity Fund – seeks to optimize medium to long term capital growth through investments in shares of
stocks in the Philippines.
f) PruLink Dollar Bond Fund - aims to generate stable returns in US Dollar terms by investing in a range of US
Dollar fixed income securities. These are predominantly issued by either the Republic of the Philippines or Filipino
corporates. The Fund also invests in US Dollar denominated fixed income instruments issued by international
entities, both sovereign and corporates.
g) PruLink Asian Local Bond Fund – structured as a feeder fund which invests in the Eastspring Investments -
Asian Local Bond Fund (EI-Asian Local Bond Fund). The EI-Asian Local Bond Fund invests in a diversified portfolio
consisting primarily of fixed income or debt securities issued by Asian entities or their subsidiaries. This Fund’s
portfolio primarily consists of offshore securities denominated in the various Asian currencies and aims to
maximize total returns through investing in fixed income or debt securities that are rated as well as unrated.
h) PruLink Asia Pacific Equity Fund - PAPEF is structured as a feeder fund which invests in the Eastspring
Investments-Asia Pacific Equity Fund (EI-APEF), which aims to maximize long-term total return by investing
primarily in equity and equity-related securities of companies which are incorporated, listed in or have their area
of primary activity in the Asia Pacific Region (excluding Japan). This fund may also invest in depository receipts
including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), debt securities convertible
into common shares, preference shares and warrants.
i) PruLink Global Emerging Markets Dynamic Fund – GEM Fund is structured as a feeder fund which invests in
the Eastspring Investments-Global Emerging Markets Dynamic Fund (EI-GEMDF), which aims to generate long-term
capital growth through a concentrated portfolio of equities, equity-related securities and bonds. This fund will
invest primarily in securities of companies which are incorporated, or listed in, or operating principally from, or
carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated
corporations derive substantial revenue from the emerging markets worldwide. This fund may also invest in
depository receipts including American Depositary Receipts and Global Depositary Receipts, preference shares and
warrants.
1
j) PruLink Money Market Fund - seeks to provide a stable return through investment in fixed income
instruments issued by the Philippine government and short term instruments such as deposit placements.

New funds may be introduced in the future to give the policyowner a wider choice of investment.

1
Not available at policy issue

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