ALLIANZ PNB LIFE INSURANCE, INC.

ALLIANZ SHIELD PESO WITH 5% COLA

PRODUCT HIGHLIGHT SHEET
1. WHAT ARE YOU INVESTING IN AND WHO ARE YOU INVESTING WITH?
ALLIANZ SHIELD PESO 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 which follows the Increasing Death Benefit option. The death benefit is the sum of the Total Fund Value and

the Total Sum Assured. The Total Sum Assured is 4,500% of Regular Premium plus 125% of each Subsequent Top-Up Premiums. 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 available Funds. Each Fund's performance may vary and presents a different level of risk for

the client.

3. WHAT ARE THE KEY RISKS OF THIS INVESTMENT?

ALLIANZ SHIELD PESO is a VUL product which is an insurance policy with an inseparable investment component which allows the policyholder to invest in any of
the 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 includes the cost of providing insurance for your policy and the rider insurance charge(s) for any selected riders
attached to it. This is charged to your Total Fund Value by deducting the appropriate number of units from this. This charge may increase or decrease
depending on the performance of your fund and the level of benefit of your chosen riders attached to your policy, if any.
f. Fund management charge –This charge is already reflected in the published Net Asset Value Price per Unit (NAVPU).
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 four (4) 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.

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) 8818-HELP (4357);
Domestic Trunkline No.: 1-800-10-818-HELP (4357); Fax No.: (63 2) 8818-2701; Email: [email protected]. 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.

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 ALLIANZ SHIELD PESO WITH 5% COLA FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date
Page 1 of 11 - [FEB23RPPF136]
  GROWTH-ORIENTED  
 

PESO DYNASTY EQUITY FUND (PDEF)

FMC: 2.00%
  The Fund is a peso denominated equity fund that seeks long-term capital appreciation by investing in a customized basket of stocks listed on the Philippine  
Stock Exchange (1) that are considered highly liquid and actively traded; and (2) of companies owned and/or controlled by business of Chinese ethnic
origins.
PESO EQUITY FUND (PEF)
  FMC: 2.20%  
The Fund aims to attain long term capital growth, investing in a concentrated portfolio of stocks listed in the Philippine Stock Exchange.
PESO-HEDGED ASIAN MULTI-INCOME PLUS DIVIDEND PAYING FUND (PHAMIPDPF)
FMC: 2.00%
  The Fund aims to achieve long-term capital growth and regular dividend income by investing in the Allianz Asian Multi Income Plus Fund, whose objective is  
to provide investors with long-term capital appreciation and income through investments in equity and bond markets in the Asia Pacific. It shall apply a
hedging mechanism via forwards that will minimize the impact of PHPUSD exchange rate fluctuations on the underlying dollar-denominated fund
investment.
PESO-HEDGED GLOBAL REAL ASSETS DIVIDEND PAYING FUND (PHGRADPF)
FMC: 2.00%
  The Fund aims to achieve long-term capital appreciation and regular income by investing in BlackRock’s BSF Global Real Asset Securities Fund Class D3  
USD which invests globally in equity and equity-related securities of companies, the main business of which is in the real estate and infrastructure sectors. It
shall apply a hedging mechanism via forwards that will minimize the impact of PHP-USD exchange rate fluctuations on the underlying Dollar-denominated
fund investment.
   
PESO-HEDGED GLOBAL SUSTAINABILITY EQUITY FUND (PHGSEF)
FMC: 2.20%
  The Fund aims to achieve long-term capital growth by investing in Allianz Global Sustainability Fund, which is geared towards generating long-term capital  
growth by investing in global equity markets of developed countries with a focus on companies with sustainable business practices namely, business
practices which are environmentally friendly and socially responsible. The policyholder's Peso funds will be invested in a USD-denominated underlying
asset. The fund shall apply a hedging mechanism via forwards that will minimize the impact of Peso - USD exchange rate fluctuation.
PESO-HEDGED INCOME AND GROWTH DIVIDEND PAYING FUND (PHIAGDPF)
FMC: 1.95%
  The Fund aims to capture multiple sources of income that includes participation in the upside potential of equities at a potentially lower level of volatility  
than pure equity investment. It shall apply a hedging mechanism via forwards that will minimize the impact of PHP-USD exchange rate fluctuations on the
underlying Dollar-denominated fund investment.
PESO MULTI-SECTOR EQUITY FUND (PMSEF)
  FMC: 2.00%  
The Fund is a peso denominated equity fund that seeks long-term capital appreciation by investing in a diversified basket of stocks listed in the Philippine
Stock Exchange that are considered highly liquid, actively traded, and belong to the top companies in each of the six (6) sector indices.
PESO OPTIMIZED DIVIDEND EQUITY FUND (PODEF)
FMC: 2.00%
  The Fund is a peso denominated equity fund that seeks dividend income and capital appreciation by investing in a customized basket of no more than  
twenty (20) companies listed in the Philippine Stock Exchange with 1) a history of regular declaration of dividends; 2) that have recently provided the
highest dividend yields; and 3) are considered very liquid and actively traded.

  MODERATE  
 

PESO BALANCED FUND (PBF)

   
FMC: 1.75%    
The Fund aims to achieve long term capital and income growth, by investing in both Philippine Peso-denominated fixed income securities and a
concentrated portfolio of stocks listed in the Philippine Stock Exchange.

  CONSERVATIVE  
 

PESO FIXED INCOME FUND (PFIF)

   
FMC: 1.50%    
The Fund aims to achieve preservation of capital and income growth over a period of time by investing in a diversified portfolio of Philippine Peso
denominated fixed income instruments.

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 ALLIANZ SHIELD PESO WITH 5% COLA FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date
Page 2 of 11 - [FEB23RPPF136]
  RISK-AVERSE  
 

PESO MONEY MARKET FUND (PMMF)

FMC: 0.50%
    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.

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 ALLIANZ SHIELD PESO WITH 5% COLA FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date
Page 3 of 11 - [FEB23RPPF136]
 

DEFINITION OF RISKS
 

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

This risk refers to the probability that a counterparty to an investment may not be able to fulfill its
Credit Risk obligations 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 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
Taxation Risk
more 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.

The risk refers to the probability that the value of investments held in foreign currencies, such as the US
Currency Risk (or Foreign Dollar, may fluctuate against the local currency or Philippine Peso due to changing interest rates and
Exchange Risk) inflation rates. This risk may also occur when foreign governments restrict currency exchange, impeding
cash distributions or processing of fund redemptions.

This risk refers to the possibility that the value of investments in fixed-income securities such as bonds
Interest Rate Risk
may rise 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
Liquidity Risk and at 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
Mark-to-Market Risk market 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
Regulatory Risk income 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.

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 ALLIANZ SHIELD PESO WITH 5% COLA FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date
Page 4 of 11 - [FEB23RPPF136]
RIDERS
 
ATTACHED DESCRIPTION OF RIDERS

ACCIDENTAL DEATH AND DISMEMBERMENT (ADD)

Sum Assured: PHP 675,000.00
Accidental Death and Dismemberment is a yearly renewable unit-deducting rider that pays an additional amount to the beneficiaries on top of
the regular death benefit if the Insured dies in an accident; or pay the indemnities to the Insured according to a schedule in the event of an
accident. Note that the total benefits payable under accidental death and dismemberment in respect of any one accident shall not exceed the
Sum Assured under this Rider.

COST OF LIVING ADJUSTMENT (COLA)

Sum Assured: COLA 5%
Cost of Living Adjustment is a rider where the Basic Plan Sum Assured and the corresponding premium will increase by the chosen pre-defined
percentage annually to allow policyholders to make sure that the benefits they receive can keep up with the effect of inflation on the insurance
coverage.
Should the policy go on a Premium Holiday prior to the end of the chosen Premium Holiday option, the Sum Assured increases from COLA shall
proceed and all relevant insurance charges and fees will continue to be charged as scheduled.

CRITICAL ILLNESS 100 (CI100)

Sum Assured: PHP 675,000.00
Critical Illness 100 is a yearly renewable unit-deducting rider that provides coverage for Early, Intermediate, and Late Stage Critical Illnesses, as
well as additional coverage for Catastrophic Critical Illness. It also provides additional benefit for Diabetic Complication and Angioplasty and
Other Invasive Treatments for Coronary Artery Disease. The list of the covered Critical Illnesses is attached to this Sales Illustration.
It covers 100 illnesses for the insured and provides coverage until the age 100. Note that the rider Sum Assured will be decreased to 50% of the
Initial Sum Assured once the insured turns 70 and this will further decrease to 25% of the Initial Sum Assured amount once the insured turns 85.

LIFE EVENTS BENEFIT (LEB)

Sum Assured: PHP 10,000.00
Life Events Benefit is a free rider that provides benefit for the following life events: marriage, birth or adoption of a child, divorce, separation or
annulment, death of spouse or a child, and/or involuntary loss of employment. The benefit amount is equal to the total cost of insurance
charges for the 6 months immediately preceding the receipt and approval of due proof that the Owner experienced a defined Life Event, up to a
maximum of PHP 10,000. Note that the policy owner may only claim one benefit under one Life Event.

WAIVER OF PREMIUM DUE TO CRITICAL ILLNESS AND TOTAL AND PERMANENT DISABILITY (WPCID)
Sum Assured: Not Attached
Waiver of Premium due to Critical Illness and Total and Permanent Disability is a yearly renewable unit-deducting rider that provides coverage
for Intermediate and Late Stage Critical Illnesses and for Total and Permanent Disability. This rider will waive future premiums becoming due,
depending on the term chosen, if the Insured is diagnosed with a covered Intermediate or Late Stage Critical Illness, or if the Insured has
become Totally and Permanently Disabled. Any relevant Insurance Charges and all other charges shall not be waived, in part or in full, by any
premiums waived under this rider. All scheduled policy benefits and charges will be calculated as if premiums waived had been paid.
The list of the covered Critical Illnesses is attached to this Sales Illustration.

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 ALLIANZ SHIELD PESO WITH 5% COLA FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date
Page 5 of 11 - [FEB23RPPF136]
An Insurance Proposal specially designed for:
Insured: MARITES ESTRELLA
  Age 36, Female, Standard
Plan Information:
Basic: Allianz Shield Peso with 5% COLA
  A regular-pay, unit-linked life insurance plan
Maximum Years Payable: 64 Years
Death Benefit Option: Increasing Death Benefit
Generated on 02/24/2023
Currency: Philippine Peso PROPOSAL REF. NO: FEB23RPPF136-YAEHJMORA
PLAN SUMMARY
Basic Plan Premium Direction
Type of Coverage Monthly Premium Sum Assured Fund Allocation FMC*
Allianz Shield Peso 2,500.00 1,350,000.00 Peso Balanced Fund (PBF) 40.00% 1.75%
Peso Dynasty Equity Fund (PDEF) 40.00% 2.00%
Peso Equity Fund (PEF) 0.00% 2.20%
Peso Fixed Income Fund (PFIF) 20.00% 1.50%
Peso-Hedged Asian Multi-Income Plus Dividend Paying
0.00% 2.00%
Fund (PHAMIPDPF)
Peso-Hedged Global Real Assets Dividend Paying Fund
0.00% 2.00%
(PHGRADPF)
Peso-Hedged Global Sustainability Equity Fund (PHGSEF) 0.00% 2.20%
Peso-Hedged Income and Growth Dividend Paying Fund
0.00% 1.95%
(PHIAGDPF)
Peso Money Market Fund (PMMF) 0.00% 0.50%
Peso Multi-Sector Equity Fund (PMSEF) 0.00% 2.00%
Peso Optimized Dividend Equity Fund (PODEF) 0.00% 2.00%
Plan Riders Premium Mode
Type of Coverage Sum Assured Other Modes Available Modal Premium
Accidental Death and Dismemberment 675,000.00 Annual 30,000.00
CI 100 Rider Peso 675,000.00 Quarterly 7,500.00
Life Event Benefit: 10,000.00 Semi-Annual 15,000.00
Cost of Living Adjustment (5%)      
       
       

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%
46 198,124 216,304 258,262 46 2,155,624 2,173,804 2,215,762
50 126,650 163,761 260,008 50 2,084,150 2,121,261 2,217,508
65 65
70 70
90 90
Allianz PNB Life's ALLIANZ SHIELD PESO 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 follows an Increasing Death Benefit Option type where your beneficiaries will receive the sum of the Total Sum Assured and the Total Fund Value. The
Total Sum Assured is 4,500% of the Regular Annual Premium; plus 125% of each subsequent Top-up Premiums. 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. This plan will also be issued with a Cost of Living Adjustment
(COLA) Endorsement which allows for your Benefits to keep pace with inflation through a 5% annual level increase in your Regular Premiums, and consequently in your Basic Sum Assured.
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 Total Fund value is insufficient to cover all monthliversary charges, before or after your
chosen premium holiday option, if any, 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. Rider(s) insurance charges are the cost of providing coverage for the riders selected to be attached to your policy and is to be deducted monthly from your Total Fund Value by selling the
appropriate number of units. Rider premiums will affect the growth of your fund value and your policy may terminate if relevant insurance charges and other charges can no longer be covered by
the Total Fund Value.
6. 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 Policy Receipt Date. 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.

Marites Estrella      
Applicant Owner's Name Applicant Owner's Signature Agency Partner's Signature Date
For Allianz PNB Life's use only: SAM 45.00
Your Agency Partner should explain the features of your chosen product. As product values and availability may change Policy Number 123456782
Client Type Non-Bank Client (NBC)
without prior notice, please ask your Agency Partner for the most current sales illustration.

THIS IS ONLY AN ILLUSTRATION.

v6.42.1-02242023 Page 6 of 11 - [FEB23RPPF136]
  Illustration of Benefits for Allianz Shield Peso with 5% COLA
(Increasing 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 Ms. Marites Estrella.
Partial Projected Benefits (EOY)
Policy Attained Premiums Paid
Withdrawals Charges Total Fund Value Death Benefit
Year Age (EOY) (BOY)
(BOY) Low (4.00%) Mid (6.00%) High (10.00%) Low (4.00%) Mid (6.00%) High (10.00%)
1 37 30,000 0 29,556 456 463 475 1,350,456 1,350,463 1,350,475
2 38 31,500 0 18,936 13,313 13,465 13,767 1,430,813 1,430,965 1,431,267
3 39 33,000 0 16,839 30,360 30,962 32,179 1,515,360 1,515,962 1,517,179
4 40 34,500 0 16,303 50,168 51,610 54,579 1,602,668 1,604,110 1,607,079
5 41 36,000 0 17,856 71,246 73,989 79,738 1,691,246 1,693,989 1,699,738
6 42 37,500 0 17,594 94,436 98,984 108,694 1,781,936 1,786,484 1,796,194
7 43 39,000 0 19,188 118,458 125,381 140,447 1,873,458 1,880,381 1,895,447
8 44 40,500 0 20,831 143,295 153,216 175,226 1,965,795 1,975,716 1,997,726
9 45 42,000 0 22,509 168,944 182,537 213,295 2,058,944 2,072,537 2,103,295
10 46 43,500 0 24,155 198,124 216,304 258,262 2,155,624 2,173,804 2,215,762
11 47 45,000 0 23,328 228,193 251,660 306,930 2,253,193 2,276,660 2,331,930
12 48 46,500 0 24,799 259,494 289,167 360,494 2,351,994 2,381,667 2,452,994
13 49 48,000 0 26,275 292,072 328,949 419,441 2,452,072 2,488,949 2,579,441
14 50 49,500 0 27,969 325,757 370,921 484,082 2,553,257 2,598,421 2,711,582
15 51 51,000 0 29,980 365,834 421,143 562,605 2,660,834 2,716,143 2,857,605
16 52 52,500 0 32,224 401,189 467,354 640,246 2,763,689 2,829,854 3,002,746
17 53 54,000 0 34,717 436,945 515,314 724,607 2,866,945 2,945,314 3,154,607
18 54 55,500 0 37,437 472,885 564,894 816,122 2,970,385 3,062,394 3,313,622
19 55 57,000 0 40,265 508,907 616,078 915,390 3,073,907 3,181,078 3,480,390
20 56 58,500 0 43,118 554,121 679,812 1,038,782 3,186,621 3,312,312 3,671,282
 
19 55 57,000 0 40,265 508,907 616,078 915,390 3,073,907 3,181,078 3,480,390
24 60 60,000 0 52,328 696,188 908,405 1,575,710 3,396,188 3,608,405 4,275,710
29 65 60,000 0 77,256 834,389 1,208,579 2,549,754 3,534,389 3,908,579 5,249,754
34 70 60,000 0 102,179 846,123 1,449,468 3,957,889 3,546,123 4,149,468 6,657,889
39 75 60,000 0 156,324 679,459 1,588,784 6,057,443 3,379,459 4,288,784 8,757,443
44 80 60,000 0 264,351 1,268,930 8,934,343 3,968,930 11,634,343
49 85 60,000 0 381,672 142,635 12,878,655 2,842,635 15,578,655
54 90 60,000 0 594,100 18,323,751 21,023,751
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 per month for years 1 and 2, 1.00% of regular premium per month for year 3, 0.50% of regular premium per month for years
4 to 10, and 0.05% of regular premium 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 4,947.75.
The projected CI100 COR charge for Year 1 is PHP 3,364.88. The projected ADD COR charge for Year 1 is PHP 843.75.
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.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date

   
Please sign on all pages.
Agency Partner's Signature
Prepared by: Nady Mangaliag Date: 24-Feb-2023
Branch: Code: SD-0-66653
THIS IS ONLY AN ILLUSTRATION.
v6.42.1-02242023 Page 7 of 11 - [FEB23RPPF136]
  Illustration of Benefits for Allianz Shield Peso with 5% COLA
(Increasing 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 Ms. Marites Estrella.
Partial Projected Benefits (EOY)
Policy Attained Premiums Paid
Withdrawals Charges Total Fund Value Death Benefit
Year Age (EOY) (BOY)
(BOY) Low (4.00%) Mid (6.00%) High (10.00%) Low (4.00%) Mid (6.00%) High (10.00%)
1 37 30,000 0 29,556 456 463 475 1,350,456 1,350,463 1,350,475
2 38 31,500 0 18,936 13,313 13,465 13,767 1,430,813 1,430,965 1,431,267
3 39 33,000 0 16,839 30,360 30,962 32,179 1,515,360 1,515,962 1,517,179
4 40 34,500 0 16,303 50,168 51,610 54,579 1,602,668 1,604,110 1,607,079
5 41 36,000 0 17,856 71,246 73,989 79,738 1,691,246 1,693,989 1,699,738
6 42 37,500 0 17,594 94,436 98,984 108,694 1,781,936 1,786,484 1,796,194
7 43 39,000 0 19,188 118,458 125,381 140,447 1,873,458 1,880,381 1,895,447
8 44 40,500 0 20,831 143,295 153,216 175,226 1,965,795 1,975,716 1,997,726
9 45 42,000 0 22,509 168,944 182,537 213,295 2,058,944 2,072,537 2,103,295
10 46 43,500 0 24,155 198,124 216,304 258,262 2,155,624 2,173,804 2,215,762
11 47 0 0 22,857 182,705 205,697 260,024 2,140,205 2,163,197 2,217,524
12 48 0 0 23,808 165,698 193,471 260,959 2,123,198 2,150,971 2,218,459
13 49 0 0 24,710 147,088 179,580 261,038 2,104,588 2,137,080 2,218,538
14 50 0 0 25,773 126,650 163,761 260,008 2,084,150 2,121,261 2,217,508
15 51 0 0 27,086 104,053 145,639 257,495 2,061,553 2,103,139 2,214,995
16 52 0 0 28,555 79,053 124,914 253,184 2,036,553 2,082,414 2,210,684
17 53 0 0 30,187 51,387 101,262 246,726 2,008,887 2,058,762 2,204,226
18 54 0 0 31,962 20,801 74,360 237,753 1,978,301 2,031,860 2,195,253
19 55 0 0 33,775 43,973 225,974 2,001,473 2,183,474
20 56 0 0 35,559 9,920 211,136 1,967,420 2,168,636
 
19 55 0 0 33,775 43,973 225,974 2,001,473 2,183,474
24 60 0 0 115,231 2,072,731
29 65 0 0
34 70 0 0
39 75 0 0
44 80 0 0
49 85 0 0
54 90 0 0
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 per month for years 1 and 2, 1.00% of regular premium per month for year 3, 0.50% of regular premium per month for years
4 to 10, and 0.05% of regular premium 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 4,947.75.
The projected CI100 COR charge for Year 1 is PHP 3,364.88. The projected ADD COR charge for Year 1 is PHP 843.75.
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.

Marites Estrella    
Applicant Owner's Name Applicant Owner's Signature Date

   
Please sign on all pages.
Agency Partner's Signature
Prepared by: Nady Mangaliag Date: 24-Feb-2023
Branch: Code: SD-0-66653
THIS IS ONLY AN ILLUSTRATION.
v6.42.1-02242023 Page 8 of 11 - [FEB23RPPF136]
Information

Name of Policy Owner Marites Estrella

Plan Allianz Shield Peso with 5% COLA
Agency Partner's Name Nady Mangaliag
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.

Marites Estrella  
Applicant Owner's Signature over Printed Name Date

Page 9 of 11 - [FEB23RPPF136]
Critical Illness 100 Rider
List of Covered Critical Illnesses

CI100 is a non-participating, yearly renewable, unit-deducting rider that provides coverage for Early Stage Critical Illness, Intermediate Stage Critical Illness, and Late Stage Critical
Illness, and may also provide additional coverage for Catastrophic Critical Illness. The coverage is for 100 Critical Illnesses which is comprised of the following:
a. 32 Early Stage Critical Illnesses;
b. 13 Intermediate Stage Critical Illnesses;
c. 48 Late Stage Critical Illnesses;
d. 5 Catastrophic Critical Illnesses, and
e. 2 Additional Benefits - Diabetic Complication, and Angioplasty and Other Invasive Treatment for Coronary Heart Disease

Early Stage Intermediate Stage Late Stage

Illness
(50% of Sum Assured) (100% of Sum Assured) (100% of Sum Assured)

1 Heart Attack
2 Stroke
3 Coronary Artery Bypass Grafting
4 Heart Valve Surgery
5 Cancer
6 Kidney Failure
7 Paralysis
8 Multiple Sclerosis
9 Major Organ Transplant
10 Alzheimer's Disease
11 Coma
12 Parkinson's Disease
13 Terminal Illness
14 Chronic Lung Disease
15 Chronic Liver Disease
16 Motor Neurone Disease
17 Muscular Dystrophy
18 Aplastic Anaemia
19 Aorta Surgery
20 Fulminant Viral Hepatitis
21 Disabling Primary Pulmonary Hypertension
22 Bacterial Meningitis
23 Benign Brain Tumour
24 Encephalitis
25 Major Burns
26 Poliomyelitis
27 Major Head Trauma
28 Apallic Syndrome
29 Other Serious Coronary Artery Disease
30 Systemic Lupus Erythematosus
31 HIV due to Blood Transfusion
32 Deafness
33 Loss of Speech
34 Blindness
35 Progressive Scleroderma
36 Medullary Cystic disease
37 Cardiomyopathy
38 Cerebral Aneurysm Requiring Brain Surgery
39 Multiple Root Avulsions of Brachial Plexus
Stroke Requiring Carotid Endarterectomy
40
Surgery
41 Surgery for Idiopathic Scolicosis
42 Chronic Relapsing Pancreatitis
43 Elephantiasis
44 Loss of Independent Living
45 Necrotising Fasciitis or Gangrene
46 Severe Rheumatoid Arthritis
47 Severe Ulcerative Colitis or Crohn's Disease
48 Kawasaki Disease with Heart Complications
Cancer with metastasis, Extensive Heart Attack
Catastrophic Severe stroke, Transplantation of both heart
Critical Illness 20% of Sum Assured
and lung, Total Quadriplegia as a result of
Spinal Cord Injury
Additional Angioplasty and Other Invasive Treatments for
benefit Additional benefit of 10% of the Sum Assured
Coronary Artery Disease
Additional
benefit Diabetic Complication Additional benefit of 20% of the Sum Assured
Page 10 of 11 - [FEB23RPPF136]
Historical Performance of Allianz PNB Life
Variable Unit-Linked (VUL) Funds

The returns of our variable unit-linked (VUL) funds are shown in the table below using the net asset value (NAV) prices under a marked-to-
market valuation on a daily basis, net of fund management charges. It includes any dividend payouts for the period.

  Year Year-to- Annualized Annualized Annualized

Date Return 1-Year 3-Year 5-Year
Inception (31 Dec
Fund 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Return Return Return
Date 2022)
Peso Money Market Fund 09/24/2014 -0.14% 0.44% 2.49% 1.52% 0.86% 0.96% 0.68% 0.13% N/A N/A 0.84% 0.84% 0.38% 1.03%
Peso Fixed Income Fund 05/25/2005 -2.93% 8.57% 14.80% -6.34% 0.84% 0.88% -3.01% 2.70% 9.24% 8.36% -4.20% -4.20% 0.32% 1.66%
Peso Equity Fund 05/25/2005 3.49% -10.26% 3.08% -14.41% 21.75% -4.31% -0.05% 20.95% -6.51% 25.78% -7.57% -7.57% -4.96% -5.41%
Peso Balanced Fund 05/25/2005 0.50% 1.40% 9.59% -9.79% 10.98% -2.14% -1.29% 10.96% -2.90% 15.49% -5.52% -5.52% -1.26% -0.98%
Peso Optimized Dividend Equity Fund 09/17/2014 20.15% -2.29% -0.53% -14.32% 9.92% 1.01% -6.97% 1.78% N/A N/A 0.52% 0.52% 5.67% 0.11%
Peso Multi-Sector Equity Fund 07/01/2015 1.62% -8.49% 3.72% -12.84% 26.09% -2.71% -8.55% N/A N/A N/A -13.02% -13.02% -6.83% -6.07%
Peso Dynasty Equity Fund 02/15/2018 -4.79% -13.05% 8.58% -14.15% N/A N/A N/A N/A N/A N/A -7.23% -7.23% -8.42% N/A
Peso-Hedged Global Sustainability 07/22/2019 23.63% 14.85% 7.78% N/A N/A N/A N/A N/A N/A N/A -21.61% -21.61% 3.64% N/A
Equity Fund
Peso-Hedged Systematic Global Equity 09/01/2022 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5.99% N/A N/A N/A
Dividend Paying Fund
Peso-Hedged Global Real Assets 01/04/2022 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -20.50% N/A N/A N/A
Dividend Paying Fund
Peso-Hedged Income and Growth 10/24/2022 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -3.69% N/A N/A N/A
Dividend Paying Fund
Peso-Hedged Asian Multi-Income Plus 10/04/2019 -3.39% 11.28% 3.49% N/A N/A N/A N/A N/A N/A N/A -16.75% -16.75% -3.63% N/A
Dividend Paying Fund
Peso-Hedged Diversified Income 08/03/2020 -0.11% 3.67% N/A N/A N/A N/A N/A N/A N/A N/A -16.54% -16.54% N/A N/A
Dividend Paying Fund
Dollar Fixed Income Fund 05/25/2005 -1.71% 6.03% 10.00% -2.27% 4.05% 0.64% 1.48% 6.72% -7.70% 14.30% -10.60% -10.60% -2.33% 0.03%
Dollar Flexi Asia Bond Fund 03/16/2017 -11.58% 3.99% 5.63% -4.84% 3.23% N/A N/A N/A N/A N/A -21.99% -21.99% -10.48% -6.33%
Dollar Income and Growth Fund 03/16/2017 11.09% 20.39% 20.74% -6.70% 8.43% N/A N/A N/A N/A N/A -19.42% -19.42% 2.52% 3.95%
Dollar Global Equity Plus Fund 07/19/2021 2.04% N/A N/A N/A N/A N/A N/A N/A N/A N/A -27.93% -27.93% N/A N/A
Dollar Systematic Global Equity 09/01/2022 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 2.17% N/A N/A N/A
Dividend Paying Fund
Dollar Global Real Assets Dividend 01/04/2022 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -21.33% N/A N/A N/A
Paying Fund
Dollar Flexi Asia Dividend Paying Bond 12/11/2017 -11.23% 3.46% 5.70% -5.13% -0.09% N/A N/A N/A N/A N/A -22.05% -22.05% -10.54% -6.41%
Fund
Dollar Global Opportunistic Dividend 02/16/2021 -2.61% N/A N/A N/A N/A N/A N/A N/A N/A N/A -5.32% -5.32% N/A N/A
Paying Bond Fund
Dollar Income and Growth Dividend 06/19/2018 10.91% 19.78% 20.17% -9.64% N/A N/A N/A N/A N/A N/A -19.20% -19.20% 2.39% N/A
Paying Fund
Dollar Global Income Dividend Paying 02/19/2020 8.55% 5.41% N/A N/A N/A N/A N/A N/A N/A N/A -12.39% -12.39% N/A N/A
Fund

Note:
For funds which are less than one year old within the calendar year, the returns shown is based on inception date.

These investment funds are linked to variable life insurance contracts and are not mutual funds, subject to regulations by the Insurance
Commission. Past performance is not indicative of the future or the likely performance of the funds.

These investment funds are exposed, but not limited, to Interest rate risk, Marked-to-Market Risk, Foreign exchange risk, Credit risk and
Issuer risk. The Net Asset Value per Unit (NAVPU) of each investment funds is computed as the Net Asset Value of the investment fund
divided by the number of outstanding units of the investment fund on the Pricing Date, valued on a daily basis. The NAVPU of each
investment fund is published every Friday on Philippine Star and is also available at our website www.allianzpnblife.ph.

Certified True and Correct:

Page 11 of 11 - [FEB23RPPF136]