DIVERSIFY PESO VER.

2
PRODUCT HIGHLIGHT SHEET

1. WHAT ARE YOU INVESTING IN AND WHO ARE YOU INVESTING WITH?
DIVERSIFY PESO VER. 2 is a regular-pay peso-denominated variable unit-linked (VUL) life insurance plan of ALLIANZ PNB LIFE INSURANCE, INC.
This product brings together the opportunities of investing in expertly managed funds while providing you with lifetime insurance protection.
2. WHAT ARE THE KEY BENEFITS FROM THIS INVESTMENT?
Life Insurance Component:
• This plan provides life insurance coverage. Since the Level Death Benefit option was chosen, the death benefit is the higher of the Total Fund
Value or the Total Sum Assured.The Total Sum Assured is 2000% of Regular Premium plus 125% of each Subsequent Top-Up Premiums; less
125% of each partial withdrawal.
Note that the Owner may elect an Insured other than himself.
Investment component:
• The Total Fund Value is based on your premiums less charges; less withdrawals; plus earnings of the Fund/s chosen.
• Your investment is used to purchase units in any of the seven (7) available Funds. Each Fund’s performance may vary and presents a
different level of risk for the client.
i. Peso Multi-Sector Equity Fund (PMSEF) iv. Peso Fixed Income Fund (PFIF)
The Fund is a peso denominated equity fund that seeks long- The Fund aims to achieve preservation of capital and income
term capital appreciation by investing in a diversified basket of growth over a period of time by investing in a diversified
stocks listed in the Philippine Stock Exchange that are portfolio of Philippine Peso denominated fixed income
considered highly liquid, actively traded, and belong to the top instruments.
companies in each of the six (6) sector indices. v. Peso Balanced Fund (PBF)
ii. Peso Optimized Dividend Equity Fund (PODEF) The Fund aims to achieve long term capital and income growth,
The Fund is a peso denominated equity fund that seeks dividend by investing in both Philippine Peso-denominated fixed income
income and capital appreciation by investing in a customized securities and a concentrated portfolio of stocks listed in the
basket of no more than twenty (20) companies listed in the Philippine Stock Exchange.
Philippine Stock Exchange with 1) a history of regular vi. Peso Dynasty Equity Fund (PDEF)
declaration of dividends; 2) that have recently provided the The Fund is a peso denominated equity fund that seeks long-
highest dividend yields; and 3) are considered very liquid and term capital appreciation by investing in a customized basket of
actively traded. stocks listed on the Philippine Stock Exchange (1) that are
iii. Peso Equity Fund (PEF) considered highly liquid and actively traded; and (2) of
The Fund aims to attain long term capital growth, investing in a companies owned and/or controlled by business of Chinese
concentrated portfolio of stocks listed in the Philippine Stock ethnic origins.
Exchange. vii. Peso Money Market Fund (PMMF)
The Fund is designed to ensure capital preservation and
liquidity while still earning yields on short-term placements.
The fund will invest only in cash and near-cash investments
with an investment horizon of up to one (1) year. This fund will
provide a safe haven to clients during times of market volatility
or while waiting for an opportunity to invest in the other Peso
funds.
3. WHAT ARE THE KEY RISKS OF THIS INVESTMENT?
DIVERSIFY PESO VER. 2 is a VUL product which is an insurance policy with an inseparable investment component which allows the policyholder
to invest in any of the seven (7) available funds. Like all other financial products, VULs have their advantages and trade-offs.
As an investment-linked insurance product, the policyholder must understand and realize that the product is subject to certain risks, such as, but
not limited to investment, credit, interest rate, liquidity, mark-to-market, regulatory, and taxation risks which could affect the account or fund
value of the whole VUL policy.
Allianz PNB Life Insurance, Inc. is guided by the investment policies approved by the Insurance Commission (IC) including the IC-issued
“Guidelines on Variable Life Insurance Contracts”. The supervision and regulation by the IC, however, does not guarantee the investment returns
nor protection of the VUL policy against capital loss.
For a better understanding of the nature of these aforementioned risks, a table of Definition of Risks is provided in the succeeding page.
4. WHAT ARE THE FEES AND CHARGES FOR THIS INVESTMENT?
The following are the charges for this investment:
a. Premium charge (% of regular premium) – 50% on the first year, 10% on the second year, 5% on the third to fifth year, and 0% on 6th
year onwards.
b. Premium policy fee (% of regular premium charged monthly) - 1.50% per month for the first two years, 1% per month on the third year,
0.5% per month on the fourth to tenth year, and 0.05% per month on 11th year onwards.
c. Top-up charge – 6% of Top-up premium
d. Top-up set-up charge – PHP 600 charged to Top-up premium
e. Monthly insurance charge – This charge is for providing insurance coverage on your policy and charged to your Total Fund Value by
selling the appropriate number of units. This charge is also expected to decrease as the Fund Value increases.
f. Fund management charge –This charge is already reflected in the published Net Asset Value Price per Unit (NAVPU) and is based on an
annual rate of:
• 2.00% for Peso Multi-Sector Equity Fund (PMSEF) • 1.50% for Peso Fixed Income Fund (PFIF)
• 2.00% for Peso Optimized Dividend Equity Fund (PODEF) • 1.75% for Peso Balanced Fund (PBF)
• 2.00% for Peso Dynasty Equity Fund (PDEF) • 0.50% for Peso Money Market Fund (PMMF)
• 2.20% for Peso Equity Fund (PEF)
g. Partial withdrawal charge – You have four (4) free partial withdrawals per year. Subsequent withdrawals will be subject to a fee of PHP
200 each.
h. Fund switching charge – You have to two (2) free fund switching allowed per year. Each subsequent switching will be subject to an
administration fee equal to the higher of PHP 500 or 1.0% of the amount switched.
Subject to prior approval by the Insurance Commission, the Company reserves the right to impose additional charges or change any of the
above-mentioned charges by giving the Owner at least thirty (30) days prior notice.
5. HOW OFTEN ARE VALUATIONS AVAILABLE?
Fund valuation will be on a daily basis. The frequency of the Fund valuation is at the absolute discretion of the Company, but will not be less
frequent than monthly. This is published in a major daily newspaper and company website at www.allianzpnblife.ph.

STANDARD DISCLOSURE STATEMENT: 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.
I CONFIRM THAT I HAVE READ AND UNDERSTOOD THIS PRODUCT HIGHLIGHT SHEET FOR DIVERSIFY PESO VER. 2 FROM ALLIANZ PNB LIFE INSURANCE, INC.

Maria Bernadette Fernandez 05/29/2018

Applicant Owner's Name Applicant Owner's Signature Date

A Variable Unit-Linked Life Insurance Proposal specially designed for Mr. Christian Kiervy Fernandez. Generated on Page 1 of 6 - [MAY18RPPM113]
05/29/2018
 DIVERSIFY PESO VER. 2
PRODUCT HIGHLIGHT SHEET

6. HOW CAN YOU EXIT FROM THIS INVESTMENT, WHAT ARE THE RISKS AND COSTS IN DOING SO?
If you are not completely satisfied with the policy that you purchased, you may return it within fifteen (15) days of receipt of policy together
with a signed written notice requesting cancellation. After this period, you may surrender this Policy and receive the Total Fund Value based on
the next NAVPU. You may also withdraw a portion of your Fund or switch from one Fund to another, subject to the charges stated above.
7. HOW DO YOU CONTACT US?
Allianz PNB Life Head Office is at 9F Allied Bank Center, 6754 Ayala Ave corner Legaspi St., Makati City, Philippines Trunkline No.: (63 2) 818-LIFE
(5433); Domestic Trunkline No.: 1-800-10-818-LIFE (5433); Fax No.: (63 2) 818-2701; Email: info@allianzpnblife.ph. Allianz PNB Life Regional
Business Centers are also located in Manila, La Union, Pampanga, Cebu, Iloilo, Davao and Zamboanga. Please visit www.allianzpnblife.ph for
more details.
8. WHAT OTHER IMPORTANT INFORMATION SHOULD YOU KNOW BEFORE YOU INVEST?
Financial products of Allianz PNB Life Insurance, Inc. are not insured by the Philippine Deposit Insurance Corporation and are not guaranteed by
the Philippine National Bank and Allianz S.E.
DISCLOSURE OF CONFLICT OF INTEREST
The Manager of the available Funds makes investment decisions 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 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 allocation, whether the security meets the objectives of the respective portfolios,
the relative portfolio size and the rate of growth of the portfolios.
DEFINITION OF RISKS

This risk refers to the probability or likelihood of occurrence of losses relative to the expected return on any
Investment Risk particular investment.

This risk refers to the probability that a counterparty to an investment may not be able to fulfill its obligations
Credit Risk accordingly, resulting to an adverse effect on the value of a money market or debt security such as a bond.

This risk refers to the possibility that the value of investments in fixed-income securities such as bonds may rise
Interest Rate Risk and fall rates contrary, when interest rate rise, the value of an existing bond generally falls.

This risk refers to the possibility that assets or securities may not be bought or sold within a desired time and at
Liquidity Risk fair value, which in turn may affect the value of an investment or satisfy investment purchase and redemption
services of the Company to its policyholders.

This risk refers to the probability that the market value of an investment will rise or fall based on overall market
Mark-to-Market Risk conditions. The value of the market can vary with changes in the general economic and financial conditions as
well as political, social and environmental factors.

This risk refers to the probability that certain laws and regulations applicable to investments, including income
Regulatory Risk tax and securities law, and the administrative policies and practices of regulatory authorities may change in a
manner that adversely affects the value of an investment.

This risk refers to the probability that the application of tax on investment may differ from jurisdiction to
jurisdiction and tax treatment may change before the maturity of redemption date of an investment. For more
Taxation Risk information on the effects of tax on the acquisition, ownership or liquidation or investment funds, it is best for
the customer to consult a personal, independent tax adviser.

STANDARD DISCLOSURE STATEMENT: 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.
I CONFIRM THAT I HAVE READ AND UNDERSTOOD THIS PRODUCT HIGHLIGHT SHEET FOR DIVERSIFY PESO VER. 2 FROM ALLIANZ PNB LIFE INSURANCE, INC.

Maria Bernadette Fernandez 05/29/2018

Applicant Owner's Name Applicant Owner's Signature Date

A Variable Unit-Linked Life Insurance Proposal specially designed for Mr. Christian Kiervy Fernandez. Generated on Page 2 of 6 - [MAY18RPPM113]
05/29/2018
An Insurance Proposal specially designed for:
Insured: CHRISTIAN KIERVY FERNANDEZ
Age 13, Male, Standard
Payor: Maria Bernadette Fernandez, Age 33
Plan Information:
Basic: Diversify Peso Ver. 2
A regular-pay, unit-linked life insurance plan
Premium Holiday Option: Pay 10-Years
Death Benefit Option: Level Death Benefit Generated on 05/29/2018
Currency: Philippine Peso PROPOSAL REF. NO MAY18RPPM113-DFJMORTWF-87-L-F

PLAN SUMMARY
Basic Plan Premium Direction
Type of Coverage Annual Premium Sum Assured Fund Allocation FMC*
Diversify Peso Ver. 2 15,000.00 300,000.00 Peso Multi-Sector Equity Fund (PMSEF) 50.00% 2.00% p.a.
Peso Optimized Dividend Equity Fund (PODEF) 0.00% 2.00% p.a.
Peso Equity Fund (PEF) 0.00% 2.20% p.a.
Peso Fixed Income Fund (PFIF) 0.00% 1.50% p.a.
Peso Balanced Fund (PBF) 0.00% 1.75% p.a.
Peso Dynasty Equity Fund (PDEF) 50.00% 2.00% p.a.
Peso Money Market Fund (PMMF) 0.00% 0.50% p.a.

Plan Riders Premium Mode

Type of Coverage Sum Assured Other Modes Available Modal Premium
Accidental Death and Dismemberment 300,000.00 Semi-Annual 7,500.00
Life Event Benefit: 10,000.00 Quarterly 3,750.00

SNAPSHOT OF BENEFITS
For You (Total Living Benefit) For Your Beneficiaries (Total Death Benefit)
Attained Age at 4.00 % at 6.00 % at 10.00 % Attained Age at 4.00 % at 6.00 % at 10.00 %
23 141,453 157,040 193,885 23 300,000 300,000 300,000
30 178,023 228,369 371,373 30 300,000 300,000 371,373
65 653,218 1,696,793 10,303,723 65 653,218 1,696,793 10,303,723
70 794,016 2,269,920 16,593,374 70 794,016 2,269,920 16,593,374
90 1,737,049 7,276,523 111.63M 90 1,737,049 7,276,523 111.63M
Allianz PNB Life's DIVERSIFY PESO VER. 2 is a regular-pay variable unit-linked (VUL) life insurance plan that brings together the opportunities of investing in expertly
managed funds while providing you with lifetime insurance protection. This plan provides you the freedom to decide the amount of premium you are comfortable
with. You choose the amount of regular premium from a minimum amount of PHP 15,000. This plan also features a Level Death Benefit Option type where your
beneficiaries will receive the higher of the Total Sum Assured or the Total Fund Value. The Total Sum Assured is 2,000% of the Regular Annual Premium; plus 125% of
each subsequent Top-up Premiums; less 125% of each partial withdrawals. The living benefit is the Total Fund Value of the policy which can be withdrawn in part or
in full. The Total Fund Value is based on your premiums less charges; less withdrawals; plus earnings of the Fund/s chosen.

NOTES:
1. The projected benefits shown are for illustration purposes only and are not based on the past performance nor do they guarantee future performance of the
different Fund/s to which the Policy is linked. Since the fund performance may vary, your fund values are not guaranteed and will depend on the actual
investment performance. The Fund Value of the policy could be less than the total premiums paid.
2. The investment returns are net of taxes and investment deductions.
3. This illustration assumes that you will pay for 10 years and no withdrawals were made. At the time your Fund value is insufficient to cover all monthliversary
charges, you will be required to pay additional premiums to keep your policy in force.
4. Maximum Life Event Benefit Rider is PHP 10,000.
5. A copy of this proposal will be delivered to you together with the policy contract once the policy is issued. While we have made every effort to ensure accuracy,
errors and omissions may have occurred in the preparation of the proposal.
*Fund Management Charge (FMC) shall be deducted monthly from the investment fund.
Cooling-Off Period
If you are not completely satisfied with this policy, you may return it to our Home Office or any of our branch offices within fifteen (15) days after receipt of
the Policy document, together with a written notice, signed by you, requesting cancellation. The Policy document is considered delivered to and received by
you on the date indicated in the Policy Receipt Acknowledgement. On such cancellation, the amount refundable shall be the sum of the Insurance Charges
plus the Premium charges plus the Initial set-up charges plus the policy fee paid from the Policy Date plus the Total Fund Value. Any outstanding Contract
Debt will be deducted from the amount refundable. The Total Fund Value will be calculated on the next Pricing Date immediately following the date the
receipt of the written notice on your request for Policy cancellation, subject to the Cut-Off Time.

DECLARATION OF UNDERSTANDING
I confirm that I have read and understood the disclosures in this illustration.
I fully understand that I will assume all investment risks associated with the policy. This illustration and the Acknowledgment of Variability shall form part of
the insurance contract once the policy is issued.
Maria Bernadette Fernandez 05/29/2018
Applicant Owner's Name Applicant Owner's Signature Financial Advisor's Signature Date
For Allianz PNB Life's use only:SAM 20.00
Your Allianz PNB Life Financial Advisor should explain the features of your chosen product. As product Policy Number 123456782
values and availability may change without prior notice, please ask your Financial Advisor for the most Client Type Bank Client (BC)
current sales illustration.
Referring Bank PNB
THIS IS ONLY AN ILLUSTRATION.
v1.1.3-05292018 Page 3 of 6 - [MAY18RPPM113]
 Illustration of Benefits for Diversify Peso Ver. 2
(Level Death Benefit)
WITH PREMIUM HOLIDAY

In this Proposal, the words “You”, “Your”, and “Owner” mean the Owner named in the application. The Owner may be someone other than the
Insured. While “We”, “Us’”, “Our”, and “Company” mean Allianz PNB Life Insurance, Inc.

A Variable Unit-Linked Life Insurance Proposal specially designed for Mr. Christian Kiervy Fernandez.
Projected Benefits (EOY)
Policy Attained Partial Total Fund Value Death Benefit
Age Premiums Paid Withdrawals Charges
Year (BOY)
(EOY) (BOY) Low (4.00%) Mid (6.00%) High (10.00%) Low (4.00%) Mid (6.00%) High (10.00%)

1 14 15,000 0 11,324 3,894 4,004 4,223 300,000 300,000 300,000

2 15 15,000 0 5,407 14,098 14,521 15,383 300,000 300,000 300,000
3 16 15,000 0 3,827 26,337 27,322 29,361 300,000 300,000 300,000
4 17 15,000 0 2,967 39,941 41,779 45,649 300,000 300,000 300,000
5 18 15,000 0 2,975 54,648 57,686 64,200 300,000 300,000 300,000
6 19 15,000 0 2,198 70,174 74,779 84,840 300,000 300,000 300,000
7 20 15,000 0 2,144 86,367 92,953 107,619 300,000 300,000 300,000
8 21 15,000 0 2,070 103,275 112,293 132,776 300,000 300,000 300,000
9 22 15,000 0 1,983 120,936 132,884 160,568 300,000 300,000 300,000
10 23 15,000 0 1,885 141,453 157,040 193,885 300,000 300,000 300,000
11 24 0 0 1,023 145,996 165,407 212,371 300,000 300,000 300,000
12 25 0 0 975 150,754 174,325 232,794 300,000 300,000 300,000
13 26 0 0 929 155,736 183,825 255,353 300,000 300,000 300,000
14 27 0 0 884 160,946 193,942 280,265 300,000 300,000 300,000
15 28 0 0 838 166,394 204,713 307,770 300,000 300,000 307,770
16 29 0 0 795 172,084 216,175 338,057 300,000 300,000 338,057
17 30 0 0 752 178,023 228,369 371,373 300,000 300,000 371,373
18 31 0 0 709 184,218 241,339 408,020 300,000 300,000 408,020
19 32 0 0 663 190,674 255,134 448,332 300,000 300,000 448,332
20 33 0 0 614 197,404 269,809 492,676 300,000 300,000 492,676

42 55 0 0 465 445,144 951,013 3,975,541 445,144 951,013 3,975,541

47 60 0 0 465 539,013 1,269,964 6,399,658 539,013 1,269,964 6,399,658
52 65 0 0 465 653,218 1,696,793 10,303,723 653,218 1,696,793 10,303,723
57 70 0 0 90 794,016 2,269,920 16,593,374 794,016 2,269,920 16,593,374
62 75 0 0 90 965,544 3,037,141 26,723,216 965,544 3,037,141 26,723,216
67 80 0 0 90 1,174,234 4,063,856 43,037,428 1,174,234 4,063,856 43,037,428
72 85 0 0 90 1,428,137 5,437,832 69,311,630 1,428,137 5,437,832 69,311,630
77 90 0 0 90 1,737,049 7,276,523 111.63M 1,737,049 7,276,523 111.63M
The projected returns on investments shown are for illustration purposes and do not represent maximum or minimum return on your fund value.
The investment return assumptions are net of taxes and investment deductions. A non-guaranteed Loyalty Bonus is assumed awarded at the end
of every 5 years starting at the end of the 5th Policy Year. The Loyalty Bonus is 2.0% of the average monthly Total Fund Value of the preceding five
years.
*Total charges (5th column of above table) are based on 6.0% investment return scenario .
1. Premium charges, expressed as a percentage of the premium paid, is 50% for year 1, 10%
for year 2, and 5% for years 3 to 5.
2. Monthly Policy Fee is equal to 1.50% of regular premium or PHP 225.00 per month for
years 1 and 2, 1.00% of regular premium or PHP 150.00 per month for year 3, 0.50% of
regular premium or PHP 75.00 per month for years 4 to 10, and 0.05% of regular
premium or PHP 7.50 per month thereafter.
3. Monthliversary charges deducted from the Fund include cost of insurance and rider (if
any) based on the Net Amount at Risk, insured's sex and attained age. The projected COI
charge for the 1st year is PHP 749.14.
The projected ADD COR charge for Year 1 is PHP 375.00.
4. All top-ups shall be subject to a premium charge of 6% and set-up charge of PHP 600.00.
5. This illustration assumes that you will pay for 10 years. A premium holiday may be taken
each year provided that your Total Fund Value is sufficient to pay for your monthliversary
charges. You may resume payment anytime to maximize your benefits.

These charges are subject to change by the Company, and prior approval of the Insurance Commission.
DECLARATION OF UNDERSTANDING
I confirm that I have read and understood the disclosures in this illustration.
I fully understand that I will assume all investment risks associated with the policy. This illustration and the Acknowledgment of Variability shall form part of
the insurance contract once the policy is issued.
Maria Bernadette Fernandez 05/29/2018
Applicant Owner's Name Applicant Owner's Signature Date

Please sign on all pages.

Financial Advisor's Signature
Prepared by: Alwyn Cabesuelas Date: 29-May-2018
Branch: Code: SD-0-96214
THIS IS ONLY AN ILLUSTRATION.
v1.1.3-05292018 Page 4 of 6 - [MAY18RPPM113]
 Illustration of Benefits for Diversify Peso Ver. 2
(Level Death Benefit)
PAY ALL YEARS

In this Proposal, the words “You”, “Your”, and “Owner” mean the Owner named in the application. The Owner may be someone other than the
Insured. While “We”, “Us’”, “Our”, and “Company” mean Allianz PNB Life Insurance, Inc.

A Variable Unit-Linked Life Insurance Proposal specially designed for Mr. Christian Kiervy Fernandez.
Projected Benefits (EOY)
Policy Attained Partial Total Fund Value Death Benefit
Age Premiums Paid Withdrawals Charges
Year (BOY)
(EOY) (BOY) Low (4.00%) Mid (6.00%) High (10.00%) Low (4.00%) Mid (6.00%) High (10.00%)

1 14 15,000 0 11,324 3,894 4,004 4,223 300,000 300,000 300,000

2 15 15,000 0 5,407 14,098 14,521 15,383 300,000 300,000 300,000
3 16 15,000 0 3,827 26,337 27,322 29,361 300,000 300,000 300,000
4 17 15,000 0 2,967 39,941 41,779 45,649 300,000 300,000 300,000
5 18 15,000 0 2,975 54,648 57,686 64,200 300,000 300,000 300,000
6 19 15,000 0 2,198 70,174 74,779 84,840 300,000 300,000 300,000
7 20 15,000 0 2,144 86,367 92,953 107,619 300,000 300,000 300,000
8 21 15,000 0 2,070 103,275 112,293 132,776 300,000 300,000 300,000
9 22 15,000 0 1,983 120,936 132,884 160,568 300,000 300,000 300,000
10 23 15,000 0 1,885 141,453 157,040 193,885 300,000 300,000 300,000
11 24 15,000 0 961 161,658 181,371 228,937 300,000 300,000 300,000
12 25 15,000 0 851 182,768 207,275 267,653 300,000 300,000 300,000
13 26 15,000 0 740 204,817 234,847 310,402 300,000 300,000 310,402
14 27 15,000 0 629 227,841 264,188 357,452 300,000 300,000 357,452
15 28 15,000 0 515 255,930 300,022 415,241 300,000 300,022 415,241
16 29 15,000 0 465 281,201 333,444 472,775 300,000 333,444 472,775
17 30 15,000 0 465 307,571 368,871 536,062 307,571 368,871 536,062
18 31 15,000 0 465 334,999 406,423 605,679 334,999 406,423 605,679
19 32 15,000 0 465 363,524 446,228 682,257 363,524 446,228 682,257
20 33 15,000 0 465 399,797 496,385 778,231 399,797 496,385 778,231

42 55 15,000 0 465 1,557,773 2,613,839 7,942,092 1,557,773 2,613,839 7,942,092

47 60 15,000 0 465 2,012,006 3,646,029 13,093,277 2,012,006 3,646,029 13,093,277
52 65 15,000 0 465 2,574,703 5,051,356 21,521,820 2,574,703 5,051,356 21,521,820
57 70 15,000 0 90 3,273,618 6,966,649 35,315,011 3,273,618 6,966,649 35,315,011
62 75 15,000 0 90 4,139,648 9,574,568 57,884,194 4,139,648 9,574,568 57,884,194
67 80 15,000 0 90 5,212,473 13,125,251 94,812,656 5,212,473 13,125,251 94,812,656
72 85 15,000 0 90 6,541,473 17,959,506 155.24M 6,541,473 17,959,506 155.24M
77 90 15,000 0 90 8,187,817 24,541,345 254.10M 8,187,817 24,541,345 254.10M
The projected returns on investments shown are for illustration purposes and do not represent maximum or minimum return on your fund value.
The investment return assumptions are net of taxes and investment deductions. A non-guaranteed Loyalty Bonus is assumed awarded at the end
of every 5 years starting at the end of the 5th Policy Year. The Loyalty Bonus is 2.0% of the average monthly Total Fund Value of the preceding five
years.
*Total charges (5th column of above table) are based on 6.0% investment return scenario .
1. Premium charges, expressed as a percentage of the premium paid, is 50% for year 1, 10%
for year 2, and 5% for years 3 to 5.
2. Monthly Policy Fee is equal to 1.50% of regular premium or PHP 225.00 per month for
years 1 and 2, 1.00% of regular premium or PHP 150.00 per month for year 3, 0.50% of
regular premium or PHP 75.00 per month for years 4 to 10, and 0.05% of regular
premium or PHP 7.50 per month thereafter.
3. Monthliversary charges deducted from the Fund include cost of insurance and rider (if
any) based on the Net Amount at Risk, insured's sex and attained age. The projected COI
charge for the 1st year is PHP 749.14.
The projected ADD COR charge for Year 1 is PHP 375.00.
4. All top-ups shall be subject to a premium charge of 6% and set-up charge of PHP 600.00.
5. A premium holiday may be taken each year provided that your Total Fund Value is
sufficient to pay for your monthliversary charges. You may resume payment anytime to
maximize your benefits.

These charges are subject to change by the Company, and prior approval of the Insurance Commission.
DECLARATION OF UNDERSTANDING
I confirm that I have read and understood the disclosures in this illustration.
I fully understand that I will assume all investment risks associated with the policy. This illustration and the Acknowledgment of Variability shall form part of
the insurance contract once the policy is issued.
Maria Bernadette Fernandez 05/29/2018
Applicant Owner's Name Applicant Owner's Signature Date

Please sign on all pages.

Financial Advisor's Signature
Prepared by: Alwyn Cabesuelas Date: 29-May-2018
Branch: Code: SD-0-96214
THIS IS ONLY AN ILLUSTRATION.
v1.1.3-05292018 Page 5 of 6 - [MAY18RPPM113]
Information
Name of Policy Owner Maria Bernadette Fernandez
Plan Diversify Peso Ver. 2
Agent's Name Alwyn Cabesuelas
Policy Number 123456782
Currency Philippine Peso

ACKNOWLEDGEMENT OF VARIABILITY
I acknowledge that:

I have applied with Allianz PNB Life Insurance, Inc. for a Variable Unit-Linked (VUL) Life Insurance Policy, and have reviewed the illustration(s)
that shows how a VUL life insurance policy performs using company's assumptions and based on Insurance Commission's guidelines on interest
rates.
I understand that I may apply to withdraw my funds in full or in part by filling out the prescribed form and submitting it to Allianz PNB Life
Insurance, Inc., subject to the applicable rules and guidelines set by the Company. Any values shown in this illustration will be affected if
premiums and/or withdrawals are not followed as assumed in the illustrated schedule.
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 VUL Life Insurance Policy are
periodically published.
I understand that the investment risks under the policy are to be borne solely by me, as the policyholder.

Maria Bernadette Fernandez 05/29/2018

Applicant Owner's Signature over Printed Name Date

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