Professional Documents
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Provides peace of mind to you and your family with high insurance protection. Your beneficiaries shall receive 200% of
the Face Amount or your Account Value, whichever is higher, adjusted by all partial withdrawals and top-ups made subject to the
minimum death benefit.*
Offers a variety of fund options depending on your financial objectives, risk appetite and investment horizon.
You may choose to allocate your premium among any of our professionally-managed investment funds that suit your risk profile.
Provides flexibility to increase your investment and take advantage of optimistic market trends. Build up your
investment regularly through additional premiums called "recurring top-ups" or you may choose to do a "lump-sum top-up" anytime
depending on your budget.
Offers supplementary benefits which you can opt to add to your plan. Maximize your life insurance protection through
optional "riders" depending on your specific needs.
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.
Check on your investment regularly. The unitized feature of our funds allow you to monitor your investment by checking our unit
prices daily at www.manulife.com.ph or every Thursday in a major Philippine broadsheet newspaper.
INFORMATION
Insured
MR. GARIZALDE G.
MONSANTO
32
Age
Sex
MALE
Currency
PHP
YOUR BENEFITS
Basic Benefit
Manulife Horizons (Minimum 10-Pay DB2 (Level Face) [PESO])
Recurring Top-Up Premium
PHP
Supplementary Benefits
Accidental Death Benefit (ADB)
Total Disability Waiver (TDW)
PHP
Face Amount
500,000
Face Amount
1,000,000
Included
Annual Premium
PHP
25,485.00
Recurring Top-Up Premium
PHP
15,000.00
Annual Premium
PHP
1,687.80
PHP
380.42
PREMIUMS
Premium Component
Basic Premium + Rider Premiums
Recurring Top-Up Premium
Total Premium
PHP
PHP
PHP
Annual
27,553.22
15,000.00
42,553.22
PHP
PHP
PHP
Semi-Annual
13,827.95
7,500.00
21,327.95
PHP
PHP
PHP
Quarterly
6,939.65
3,750.00
10,689.65
PHP
PHP
PHP
Monthly
2,317.78
1,250.00
3,567.78
If, after buying the policy, you decide it is not suitable for your needs, simply return the Policy Contract to Manulife 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, and
premiums for Supplementary Contracts, if any.
*The minimum death benefit as prescribed by law is 500% of Basic Premium plus 125% of Top-ups less 125% of Withdrawals.
**Premium payment period of minimum 10 years is not guaranteed. You may still be required to pay additional premium after 10 years if the Account Value is
insufficient to pay the charges.
POLICYOWNER
FINANCIAL ADVISER
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.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in
other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers significant financial decisions. Our international network of employees,
agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional
customers. Assets under management by Manulife and its subsidiaries were approximately C$821 billion (US$648 billion) as at March 31, 2015.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
A5BIG215A22L1RO
AE770015AL4UU443-01
Page 1 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Ver. Ph2015.3.41.004.0812
UN210
ILLUSTRATION OF BENEFITS
This illustration is based on the assumptions in the first page of this proposal.
THE RESULTS SHOWN MERELY ILLUSTRATE SCENARIOS AND ARE NOT GUARANTEED
Yr
Age
Recurring
Top-up
Premiums
Basic
Premiums
1
2
3
4
33
34
35
36
25,485
25,485
25,485
25,485
15,000
15,000
15,000
15,000
Low
21,748
48,303
79,858
116,617
Medium
22,653
51,211
86,150
127,990
High
23,106
52,693
89,415
133,997
Low
12,206
27,820
45,973
116,617
Medium
12,744
29,588
49,808
127,990
High
13,014
30,490
51,801
133,997
Low
1,018,750
1,037,500
1,056,250
1,075,000
Medium
1,018,750
1,037,500
1,056,250
1,075,000
High
1,018,750
1,037,500
1,056,250
1,075,000
37
25,485
15,000
158,793
177,294
187,240
158,793
177,294
187,240
1,093,750
1,093,750
1,093,750
6
7
8
9
38
39
40
41
25,485
25,485
25,485
25,485
15,000
15,000
15,000
15,000
203,033
249,006
296,781
346,430
230,951
288,898
351,491
419,113
246,235
311,146
382,586
461,228
203,033
249,006
296,781
346,430
230,951
288,898
351,491
419,113
246,235
311,146
382,586
461,228
1,112,500
1,131,250
1,150,000
1,168,750
1,112,500
1,131,250
1,150,000
1,168,750
1,112,500
1,131,250
1,150,000
1,168,750
10
42
25,485
15,000
398,038
492,196
547,835
398,038
492,196
547,835
1,187,500
1,187,500
1,187,500
11
12
13
14
43
44
45
46
0
0
0
0
0
0
0
0
410,127
422,599
435,460
448,723
528,042
566,769
608,621
653,873
599,285
655,969
718,444
787,336
410,127
422,599
435,460
448,723
528,042
566,769
608,621
653,873
599,285
655,969
718,444
787,336
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
15
47
462,403
702,824
863,341
462,403
702,824
863,341
1,187,500
1,187,500
1,187,500
16
17
18
19
48
49
50
51
0
0
0
0
0
0
0
0
476,516
491,079
506,103
521,599
755,805
813,181
875,346
942,740
947,237
1,039,893
1,142,279
1,255,387
476,516
491,079
506,103
521,599
755,805
813,181
875,346
942,740
947,237
1,039,893
1,142,279
1,255,387
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,187,500
1,255,387
20
52
537,186
1,015,716
1,379,872
537,186
1,015,716
1,379,872
1,187,500
1,187,500
1,379,872
23
28
33
55
60
65
0
0
0
0
0
0
586,438
677,656
783,432
1,274,545
1,866,607
2,736,540
1,833,123
2,945,832
4,737,861
586,438
677,656
783,432
1,274,545
1,866,607
2,736,540
1,833,123
2,945,832
4,737,861
1,187,500
1,187,500
1,187,500
1,274,545
1,866,607
2,736,540
1,833,123
2,945,832
4,737,861
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 all basic
and rider 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 5 years,
provided that all basic and rider premiums due are paid on time and there are no withdrawals from your account. Any policy debt shall be deducted
from the Total Death Benefit payable.
The premium payment period of 10 years is not guaranteed. You may still be required to pay additional premium after 10 years if the Account Value
is insufficient to pay the monthly deductions.
Please refer to Important Illustration Notes for more information.
A5BIG215A22L1RO
AE770015AL4UU443-01
POLICYOWNER
FINANCIAL ADVISER
Page 2 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Ver. Ph2015.3.41.004.0812
UN210
CHARGES
This Sales Illustration is based on the following charges:
Premium Charges of 60% on the first policy year, 45% on the second year, 30% on the third year and 15% on the fourth policy
year are 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 116.67 per month during the first 5 years and 83.33 for each month thereafter.
Cost of Insurance (COI) which starts at standard annual rate of 2.36 per thousand of amount at risk or PHP 195.52
per month and increases with age but will not exceed a monthly charge of 83.33 per thousand of amount at risk.
Surrender Charges, expressed as a percentage of the amount withdrawn or surrendered are charged for every partial and full
withdrawal made from the basic plan, are as follows: 90% on the first policy year, 80% on the second policy year, and 75% on
the third policy year.
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.
A5BIG215A22L1RO
AE770015AL4UU443-01
POLICYOWNER
FINANCIAL ADVISER
Page 3 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Ver. Ph2015.3.41.004.0812
UN210
Fund
Management
Charge
Fund
Allocation
1.75%
0%
2.00%
0%
2.25%
30%
2.25%
70%
0.50%
NA
Peso Diversified
Value Fund
April 14, 2009
2009
2010
2011
2012
2013
2014
*0.90%
12.69%
13.19%
7.38%
12.16%
2.74%
*8.70%
18.03%
9.51%
12.17%
8.57%
5.93%
N.A.
N.A.
N.A.
N.A.
*-4.80%
11.53%
*33.80%
39.39%
2.47%
36.26%
1.73%
21.40%
*11.50%
9.87%
8.98%
15.28%
-10.14%
8.27%
N.A.
N.A.
*-0.90%
8.48%
-5.95%
1.88%
N.A.
N.A.
N.A.
*2.70%
-3.99%
13.47%
Since Inception
57.40%
80.40%
6.40%
226.80%
49.20%
3.00%
11.20%
Inception Date
US Dollar Secure
Fund
April 14, 2009
US Dollar Asia
US Dollar ASEAN
Pacific Bond Fund
Growth Fund
October 24, 2011 November 26, 2012
* 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 after final tax and 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.
Page 4 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Ver. Ph2015.3.41.004.0812
UN210
SUPPLEMENTARY BENEFITS
Coverage /
Benefit
Accidental Death Benefit (ADB)
Provides additional coverage if death occurs through accidental means.
Total Disability Waiver (TDW)
Provides for the waiver of premiums if the life insured becomes totally disabled before
age 60 and remains so for at least six consecutive months. If total disability occurs
between ages 60-65, premiums will be waived to age 65 only.
A5BIG215A22L1RO
AE770015AL4UU443-01
Page 5 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Annual
Premium
1,000,000
1,687.80
Included
380.42
Ver. Ph2015.3.41.004.0812
UN210
Age
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
55
60
65
Total
0.00
0.00
1,000.00
2,000.00
2,000.00
3,000.00
3,000.00
4,000.00
4,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
4,000.00
3,000.00
0.00
0.00
1,000.00
2,000.00
2,000.00
3,000.00
3,000.00
4,000.00
4,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
4,000.00
3,000.00
A5BIG215A22L1RO
AE770015AL4UU443-01
POLICYOWNER
FINANCIAL ADVISER
Page 6 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Ver. Ph2015.3.41.004.0812
UN210
Applicant :
MR. GARIZALDE G. MONSANTO
Application No :
Financial Adviser's Name : ACIERTO,LANA POLLY,B
Code No :
770015
Unit :
ACKNOWLEDGEMENT OF VARIABILITY
I acknowledge that:
I have applied with The Manufacturers Life Insurance Co. (Phils.), Inc. 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 10 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 the investment risks under the policy are to be borne solely by me, as the policyowner.
Date
POLICYOWNER
ACKNOWLEDGEMENT OF UNDERSTANDING
I have carefully read and understood the disclosures in the illustration. My Financial Adviser has explained to my satisfaction the principal
features of this policy, the non-guaranteed components, 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.
Date
POLICYOWNER
Agent'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.
ACIERTO,LANA POLLY,B(770015)
FINANCIAL ADVISER
A5BIG215A22L1RO
AE770015AL4UU443-01
Page 7 of 7
This proposal prepared on 02 October, 2015 is valid until 01 November, 2015
Illustrations are valid only if all illustration pages are included.
Date
Ver. Ph2015.3.41.004.0812
UN210