ALLIANZ PNB LIFE INSURANCE, INC.

AZPIRE WIZ PRO - PESO

PRODUCT HIGHLIGHT SHEET
1. WHAT ARE YOU INVESTING IN AND WHO ARE YOU INVESTING WITH?
AZpire Wiz Pro - Peso is a regular-pay peso-denominated variable unit-linked (VUL) life insurance plan of ALLIANZ PNB LIFE INSURANCE, INC. This product allows
you to maximize your fund accumulation while investing in expertly managed funds, and also provides you insurance protection at the same time.

2. WHAT ARE THE KEY BENEFITS FROM THIS INVESTMENT?

Life Insurance Component:
● This plan provides life insurance coverage. The life insurance coverage under this follows Level Death Benefit. The Death Benefit is the higher of the

Total Fund Value or the Minimum Death Benefit. The Minimum Death Benefit is the higher of your Sum Assured, or 500% of your Annual Regular
Premium plus 125% of each Regular and Lump Sum 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 available funds. Each fund's performance may vary and presents a different levels of risk for

the client.

3. WHAT ARE THE KEY RISKS OF THIS INVESTMENT?

AZPIRE WIZ PRO - 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, currency, 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)
For Annual Regular Premium of at least PHP 30,000 but less than PHP 100,000 - 20% on the first Annual Regular Premium, 15% on the second Annual
Regular Premium, and 0% on the third and succeeding Annual Regular Premiums.
The percentage applied to the paid premium is based on the due date of said premium.
b. Premium policy fee (% of regular premium charged monthly)
For Annual Regular Premium of at least PHP 30,000 but less than PHP 100,000 - 1.25% per month for the first two years, 0.75% per month on the third year
to fifth year, 0.5% per month on the sixth to tenth year, and 0.25% per month on 11th year onwards.
Monthly policy fees are collected from the fund's units as long as the policy is in force, regardless of actual premium payment.
c. Regular and Lump Sum Top-up charge – 3% of Top-up premium
d. Initial set-up charge –None for Regular Top-up. PHP 600 for Lump Sum Top-up, 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. The Withdrawal and Surrender Charge is calculated as PHP 500 plus the amount withdrawn multiplied by the Withdrawal Charge Factor, in accordance
with the following schedule: 75% on year 1, 50% on year 2, 25% on years 3 to 4, and 0% thereafter. The PHP 500 fee is not applicable to the first 2 partial
withdrawals per policy year. Scheduled Withdrawals are not subject to Withdrawal and Surrender Charge.
g. 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 the
fund.
h. Fund switching charge – You have four (4) free fund switches allowed per policy year. Each subsequent fund switches will be subject to a fund switching
charge 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]. 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 which 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 AZPIRE WIZ PRO - PESO FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella
Applicant Owner's Name Applicant Owner's Signature Date
Page 1 of 11 - [JUN24RPPM04]
 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%
This 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%
This 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 PHP-USD exchange rate fluctuations on the underlying dollar-denominated Fund
investment.
PESO-HEDGED GLOBAL REAL ASSETS DIVIDEND PAYING FUND (PHGRADPF)
FMC: 2.00%
This 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%
This 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%
This 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 AZPIRE WIZ PRO - PESO FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella
Applicant Owner's Name Applicant Owner's Signature Date
Page 2 of 11 - [JUN24RPPM04]
 RISK-AVERSE
PESO MONEY MARKET FUND (PMMF)
FMC: 0.50%
This Fund is designed to ensure capital preservation and liquidity while still earning yields on short-term placements. This 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 time 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 AZPIRE WIZ PRO - PESO FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella
Applicant Owner's Name Applicant Owner's Signature Date
Page 3 of 11 - [JUN24RPPM04]
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 AZPIRE WIZ PRO - PESO FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella
Applicant Owner's Name Applicant Owner's Signature Date
Page 4 of 11 - [JUN24RPPM04]
RIDERS
ATTACHED DESCRIPTION OF RIDERS

ACCIDENTAL DEATH AND DISMEMBERMENT (ADD)

Sum Assured: Not Applicable
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: Not Attached
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: Not Applicable
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.

PAYORS BENEFIT (PBR)

Sum Assured: PHP 30,000.00
Payor's Benefit Rider is a yearly renewable unit-deducting rider that provides coverage for death and disability of the payor. This rider will waive
all future premiums becoming due, depending on the term chosen, if the policy owner dies due to natural or accidental causes, or if the policy
owner has suffered from a Total and Permanent Disability. 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.

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 AZPIRE WIZ PRO - PESO FROM ALLIANZ PNB LIFE INSURANCE, INC.

Marites Estrella
Applicant Owner's Name Applicant Owner's Signature Date
Page 5 of 11 - [JUN24RPPM04]
An Insurance Proposal specially designed for:
Insured: Martin Estrella
Age 4, Male, Standard
Payor: MARITES ESTRELLA, Age 36
Plan Information:
Basic: AZpire Wiz Pro - Peso
A regular-pay, unit-linked life insurance plan
Maximum Years Payable: Pay All Years
Death Benefit Option: Level Death Benefit Printed on 06/21/2024
Currency: Philippine Peso PROPOSAL REF. NO: JUN24RPPM04-VXBEGJLOX
PLAN SUMMARY
Basic Plan Premium Direction
Type of Coverage Quarterly Premium Sum Assured Fund Allocation FMC*
AZpire Wiz Pro - Peso 7,500.00 150,000.00 Peso Balanced Fund (PBF) 0.00% 1.75%
Regular Top Up n/a Peso Dynasty Equity Fund (PDEF) 0.00% 2.00%
Lump Sum Top Up n/a Peso Equity Fund (PEF) 100.00% 2.20%
Peso Fixed Income Fund (PFIF) 0.00% 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
5-Year Payor’s Benefit Rider 30,000.00 Annual 30,000.00
Monthly 2,500.00
Semi-Annual 15,000.00

SNAPSHOT OF BENEFITS
For You (Total Living Benefit) For Your Beneficiaries (Total Death Benefit)
Attained Age (BOY) at 4.00% at 6.00% at 10.00% Attained Age (BOY) at 4.00% at 6.00% at 10.00%
18 401,167 471,962 657,476 18 401,167 471,962 657,476
20 143,237 175,344 263,712 20 150,000 175,344 263,712
SCHEDULED WITHDRAWALS PROGRAM
Withdrawal Years ANNUAL SCHEDULED WITHDRAWAL AMOUNT (non-guaranteed)
Scheduled Withdrawals Start Year: Policy Year 15 (BOY) Annual Scheduled Withdrawals for Policy Year 15 (BOY) PHP 128,874
Scheduled Withdrawals End Year: Policy Year 18 (BOY) Annual Scheduled Withdrawals for Policy Year 16 (BOY) PHP 133,722
Annual Scheduled Withdrawals for Policy Year 17 (BOY) PHP 138,612
Annual Scheduled Withdrawals for Policy Year 18 (BOY) PHP 143,237
AZPIRE WIZ PRO - PESO is a regular-pay peso-denominated variable unit-linked (VUL) life insurance plan that allows you to maximize your fund accumulation while you invest in expertly
managed funds, and also provides you insurance protection at the same time. This plan is designed to enhance the potential accumulation of your funds by allocating a higher proportion of the
premiums you pay to the investment component of your plan, having lower fees, and also allowing you to earn bonuses, such as the Premium Bonus and Loyalty Bonus. The life insurance
coverage under this follows Level Death Benefit. The Death Benefit is the higher of the Total Fund Value or the Minimum Death Benefit. The Minimum Death Benefit is the higher of your Sum
Assured, or 500% of your Annual Regular Premium plus 125% of each Regular and Lump Sum Top-Up Premiums; less 125% of each Partial Withdrawal. Scheduled Withdrawals above, if any, are
based on an assumed 4% investment return scenario. These may increase if based on an assumed 6% investment return scenario, or if based on an assumed 10% investment return scenario. The
withdrawal amounts are not guaranteed and are based on actual fund performance.
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 all premiums are paid when due, no premium holidays were made, and no withdrawals were made. At the time your Total Fund value is insufficient to cover all
monthliversary charges, you will be required to pay additional premiums to keep your policy in force.
4. 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 to 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.

Marites Estrella
Applicant Owner's Name Applicant Owner's Signature Agency Partner's Signature Date
For Allianz PNB Life's use only: SAM 500%
Your Agency Partner should explain the features of your chosen product. As product values and availability may Policy Number 123456782
change without prior notice, please ask your Agency Partner for the most current sales illustration. Client Type Non-Bank Client

THIS IS ONLY AN ILLUSTRATION.

v6.43.2-06212024 Page 6 of 11 - [JUN24RPPM04]
 Illustration of Benefits for AZpire Wiz Pro - Peso
(Level Death Benefit)

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. Martin Estrella.
Attained Projected Benefits (EOY)
Policy Premiums Paid Withdrawals Premium
Age Charges* Total Fund Value*** Death Benefit
Year (BOY) (BOY) Bonus**
(BOY) Low (4.00%) Mid (6.00%) High (10.00%) Low (4.00%) Mid (6.00%) High (10.00%)
1 4 30,000 0 10,790 0 19,704 19,949 20,437 150,000 150,000 150,000
2 5 30,000 0 9,248 0 41,776 42,694 44,554 150,000 150,000 150,000
3 6 30,000 0 2,900 0 71,230 73,380 77,809 150,000 150,000 150,000
4 7 30,000 0 2,844 0 101,921 105,965 114,451 150,000 150,000 150,000
5 8 30,000 0 2,777 0 133,907 140,575 154,831 150,000 150,000 154,831
6 9 30,000 0 1,801 600 168,784 178,891 200,907 168,784 178,891 200,907
7 10 30,000 0 1,800 600 205,058 219,505 251,592 205,058 219,505 251,592
8 11 30,000 0 1,800 600 242,783 262,557 307,344 242,783 262,557 307,344
9 12 30,000 0 1,800 600 282,017 308,192 368,672 282,017 308,192 368,672
10 13 30,000 0 1,800 600 330,147 364,402 445,123 330,147 364,402 445,123
11 14 30,000 0 900 600 373,795 417,076 521,177 373,795 417,076 521,177
12 15 30,000 0 900 600 419,188 472,911 604,836 419,188 472,911 604,836
13 16 30,000 0 900 600 466,398 532,096 696,861 466,398 532,096 696,861
14 17 30,000 0 900 600 515,495 594,832 798,089 515,495 594,832 798,089
15 18 0 128,874 900 0 401,167 471,962 657,476 401,167 471,962 657,476
16 19 0 133,722 900 0 277,223 332,591 481,201 277,223 332,591 481,201
17 20 0 138,612 900 0 143,237 175,344 263,712 150,000 175,344 263,712
18 21 0 143,237 900 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.
*Total charges (5th column of above table) are based on 4.0% investment return scenario. Withdrawals (BOY) (4th column of the above table) includes both your Partial Withdrawals and any
Scheduled Withdrawals.
Scheduled Withdrawals above are based on an assumed 4% investment return scenario. These may increase if based on an assumed 6% or 10% investment return scenario. The withdrawal
amounts are not guaranteed and are based on actual fund value at the time of withdrawal.
**A non-guaranteed Premium Bonus is assumed given every Policy Anniversary starting on the sixth (6th) year until the twentieth (20th) year. The Premium Bonus will be credited to Your Funds,
provided all Regular Premiums due on all the preceding years immediately before the year where the Premium Bonus has been eligible, have been paid, and no withdrawals have been made
other than the Scheduled Withdrawals. The Premium Bonuses cannot be withdrawn from Your Funds prior to the end of the 15th Policy Year of this Policy unless through a Scheduled
Withdrawal. Should this Policy terminate other than the death of the Insured before this Policy reaches the end of the 15th Policy Year, all Premium Bonuses would be forfeited.
***The plan will also give you a non-guaranteed Loyalty Bonus on the tenth (10th) and the twentieth (20th) years equal to of 5% of your average Total Fund Value for the previous 120 months.
Total Fund Values above are inclusive of the Premium and Loyalty Bonuses, if any.

1. Premium charges, expressed as a percentage of the premium paid, is 20.00% for the first Annual Regular Premium, 15.00% for the second
Annual Regular Premium, and 0.00% for the third and succeeding Annual Regular Premiums.
2. Monthly Policy Fee is equal to 1.250% of regular premium or PHP 375.00 per month for years 1 and 2, 0.750% of regular premium or PHP
225.00 per month for years 3 to 5, 0.500% of regular premium or PHP 150.00 per month for years 6 to 10, and 0.250% of regular premium or
PHP 75.00 per month thereafter.
Monthly policy fees are collected from the fund's units as long as the policy is in force, regardless of actual premium payment.
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 Year 1 is PHP 76.33.
The projected PBR COR charge for Year 1 is PHP 213.60.
4. The Withdrawal and Surrender Charge is calculated as PHP 500 plus the amount withdrawn multiplied by the Withdrawal Charge Factor, in
accordance with the following schedule: 75% on year 1, 50% on year 2, 25% on years 3 to 4, and 0% thereafter. The PHP 500 fee is not
applicable for the first 2 partial withdrawals per policy year. Scheduled Withdrawals are not subject to Withdrawal and Surrender Charge.
5. All Top-ups shall be subject to a premium charge of 3%. Regular Top-ups are free of initial set-up charge. An initial set-up charge of PHP
600.00 is charged to Lump Sum Top-Ups.
6. This illustration assumes that you will pay for 14 years and only the illustrated withdrawals are made. A premium holiday may be taken each
year provided that your Total Fund Value is sufficient to pay for your monthliversary charges. At the time your 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.

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: Gian Vincent Taccad Date: 21-Jun-2024
Branch: Code: SD-0-86412
THIS IS ONLY AN ILLUSTRATION.
v6.43.2-06212024 Page 7 of 11 - [JUN24RPPM04]
 Illustration of Benefits for AZpire Wiz Pro - Peso
(Level Death Benefit)

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. Martin Estrella.
Attained Projected Benefits (EOY)
Policy Premiums Paid Withdrawals Premium
Age Charges* Total Fund Value*** Net Surrender Value
Year (BOY) (BOY) Bonus**
(BOY) Low (4.00%) Mid (6.00%) High (10.00%) Low (4.00%) Mid (6.00%) High (10.00%)
1 4 30,000 0 10,790 0 19,704 19,949 20,437 4,926 4,987 5,109
2 5 30,000 0 9,248 0 41,776 42,694 44,554 20,888 21,347 22,277
3 6 30,000 0 2,900 0 71,230 73,380 77,809 53,423 55,035 58,357
4 7 30,000 0 2,844 0 101,921 105,965 114,451 76,440 79,474 85,838
5 8 30,000 0 2,777 0 133,907 140,575 154,831 133,907 140,575 154,831
6 9 30,000 0 1,801 600 168,784 178,891 200,907 168,784 178,891 200,907
7 10 30,000 0 1,800 600 205,058 219,505 251,592 205,058 219,505 251,592
8 11 30,000 0 1,800 600 242,783 262,557 307,344 242,783 262,557 307,344
9 12 30,000 0 1,800 600 282,017 308,192 368,672 282,017 308,192 368,672
10 13 30,000 0 1,800 600 330,147 364,402 445,123 330,147 364,402 445,123
11 14 30,000 0 900 600 373,795 417,076 521,177 373,795 417,076 521,177
12 15 30,000 0 900 600 419,188 472,911 604,836 419,188 472,911 604,836
13 16 30,000 0 900 600 466,398 532,096 696,861 466,398 532,096 696,861
14 17 30,000 0 900 600 515,495 594,832 798,089 515,495 594,832 798,089
15 18 0 128,874 900 0 401,167 471,962 657,476 401,167 471,962 657,476
16 19 0 133,722 900 0 277,223 332,591 481,201 277,223 332,591 481,201
17 20 0 138,612 900 0 143,237 175,344 263,712 143,237 175,344 263,712
18 21 0 143,237 900 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.
*Total charges (5th column of above table) are based on 4.0% investment return scenario. Withdrawals (BOY) (4th column of the above table) includes both your Partial Withdrawals and any
Scheduled Withdrawals.
Scheduled Withdrawals above are based on an assumed 4% investment return scenario. These may increase if based on an assumed 6% or 10% investment return scenario. The withdrawal
amounts are not guaranteed and are based on actual fund value at the time of withdrawal.
**A non-guaranteed Premium Bonus is assumed given every Policy Anniversary starting on the sixth (6th) year until the twentieth (20th) year. The Premium Bonus will be credited to Your Funds,
provided all Regular Premiums due on all the preceding years immediately before the year where the Premium Bonus has been eligible, have been paid, and no withdrawals have been made
other than the Scheduled Withdrawals. The Premium Bonuses cannot be withdrawn from Your Funds prior to the end of the 15th Policy Year of this Policy unless through a Scheduled
Withdrawal. Should this Policy terminate other than the death of the Insured before this Policy reaches the end of the 15th Policy Year, all Premium Bonuses would be forfeited.
***The plan will also give you a non-guaranteed Loyalty Bonus on the tenth (10th) and the twentieth (20th) years equal to of 5% of your average Total Fund Value for the previous 120 months.
Total Fund Values above are inclusive of the Premium and Loyalty Bonuses, if any.

1. Premium charges, expressed as a percentage of the premium paid, is 20.00% for the first Annual Regular Premium, 15.00% for the second
Annual Regular Premium, and 0.00% for the third and succeeding Annual Regular Premiums.
2. Monthly Policy Fee is equal to 1.250% of regular premium or PHP 375.00 per month for years 1 and 2, 0.750% of regular premium or PHP
225.00 per month for years 3 to 5, 0.500% of regular premium or PHP 150.00 per month for years 6 to 10, and 0.250% of regular premium or
PHP 75.00 per month thereafter.
Monthly policy fees are collected from the fund's units as long as the policy is in force, regardless of actual premium payment.
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 Year 1 is PHP 76.33.
The projected PBR COR charge for Year 1 is PHP 213.60.
4. The Withdrawal and Surrender Charge is calculated as PHP 500 plus the amount withdrawn multiplied by the Withdrawal Charge Factor, in
accordance with the following schedule: 75% on year 1, 50% on year 2, 25% on years 3 to 4, and 0% thereafter. The PHP 500 fee is not
applicable for the first 2 partial withdrawals per policy year. Scheduled Withdrawals are not subject to Withdrawal and Surrender Charge.
5. All Top-ups shall be subject to a premium charge of 3%. Regular Top-ups are free of initial set-up charge. An initial set-up charge of PHP
600.00 is charged to Lump Sum Top-Ups.
6. This illustration assumes that you will pay for 14 years and only the illustrated withdrawals are made. A premium holiday may be taken each
year provided that your Total Fund Value is sufficient to pay for your monthliversary charges. At the time your 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.

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: Gian Vincent Taccad Date: 21-Jun-2024
Branch: Code: SD-0-86412
THIS IS ONLY AN ILLUSTRATION.
v6.43.2-06212024 Page 8 of 11 - [JUN24RPPM04]
Information
Name of Policy Owner Marites Estrella
Plan AZPIRE WIZ PRO - PESO
Agency Partner's Name Gian Vincent Taccad
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 - [JUN24RPPM04]
Your Policy Document

ACKNOWLEDGEMENT OF SCHEDULED WITHDRAWALS PROGRAM

I acknowledge that:

I understand that the scheduled withdrawals would start and end on the years specified in the illustration of benefits coinciding with the anniversary of the chosen plan.

I understand that the specified amounts would be paid automatically by the plan from my chosen funds while the plan is inforce.

I understand that the amounts specified may vary depending on the actual performance of the chosen funds and would only be paid out while there is enough money in the chosen funds to
pay for the scheduled withdrawals.

I understand that if the amount in the funds would not be enough to pay for the scheduled withdrawals, the remaining fund balance at the time of scheduled withdrawal payments would be
automatically paid out in full.

I understand that the remaining amount in the funds after the payout of the scheduled withdrawals are still subject to the minimum requirements set by Allianz PNB Life and if the amount
in the chosen fund would fall below the minimum that the balance would be automatically paid out at the same time as the scheduled withdrawal payouts.

I understand that should all amount in the chosen funds be paid out due to the conditions of scheduled withdrawals described above, the chosen plan would automatically terminate,
including any life insurance coverage of the plan.

I understand that I can change or cancel the scheduled withdrawal program while the plan is still inforce by submitting a written request to Allianz PNB Life at least six (6) months prior to any
scheduled withdrawal payouts subject to the approval and within the set guidelines of Allianz PNB Life.

I understand that the investment risks associated with the scheduled withdrawals and fund performance are borne solely by me, as policyholder.

Marites Estrella
Applicant Owner's Signature over Printed Name Date

Page 10 of 11 - [JUN24RPPM04]
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 (30 Apr
Fund 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Return Return Return
Date 2024)
Peso Money Market Fund 09/24/2014 2.90% 0.84% -0.14% 0.44% 2.49% 1.52% 0.86% 0.96% 0.68% 0.13% 1.05% 3.03% 1.60% 1.31%
Peso Fixed Income Fund 05/25/2005 8.06% -4.20% -2.93% 8.57% 14.80% -6.34% 0.84% 0.88% -3.01% 2.70% -3.72% -0.24% -0.22% 2.81%
Peso Equity Fund 05/25/2005 2.69% -7.57% 3.49% -10.26% 3.08% -14.41% 21.75% -4.31% -0.05% 20.95% 4.70% 5.77% 3.96% -1.78%
Peso Balanced Fund 05/25/2005 5.67% -5.52% 0.50% 1.40% 9.59% -9.79% 10.98% -2.14% -1.29% 10.96% 0.57% 3.14% 2.44% 1.33%
Peso Optimized Dividend Equity Fund 09/17/2014 0.45% 0.52% 20.15% -2.29% -0.53% -14.32% 9.92% 1.01% -6.97% 1.78% 4.90% 4.03% 9.99% 2.32%
Peso Multi-Sector Equity Fund 07/01/2015 -0.21% -13.02% 1.62% -8.49% 3.72% -12.84% 26.09% -2.71% -8.55% N/A 2.32% 2.24% -0.27% -4.06%
Peso Dynasty Equity Fund 02/15/2018 -3.06% -7.23% -4.79% -13.05% 8.58% -14.15% N/A N/A N/A N/A 1.94% -3.72% -1.56% -4.91%
Peso-Hedged Global Sustainability 07/22/2019 22.16% -21.61% 23.63% 14.85% 7.78% N/A N/A N/A N/A N/A 1.31% 13.84% 3.23% N/A
Equity Fund
Peso Stability Plus Dividend Paying 05/02/2024 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fund
Peso-Hedged Systematic Global Equity 09/01/2022 13.28% 5.99% N/A N/A N/A N/A N/A N/A N/A N/A 4.80% 12.30% N/A N/A
Dividend Paying Fund
Peso-Hedged Global Real Assets 01/04/2022 7.95% -20.50% N/A N/A N/A N/A N/A N/A N/A N/A -5.95% -3.96% N/A N/A
Dividend Paying Fund
Peso-Hedged Income and Growth 10/24/2022 14.69% -3.07% N/A N/A N/A N/A N/A N/A N/A N/A 1.84% 12.74% N/A N/A
Dividend Paying Fund
Peso-Hedged Asian Multi-Income Plus 10/04/2019 -3.98% -16.75% -3.39% 11.28% 3.49% N/A N/A N/A N/A N/A 4.29% 1.46% -9.03% N/A
Dividend Paying Fund
Dollar Fixed Income Fund 05/25/2005 6.50% -10.60% -1.71% 6.03% 10.00% -2.27% 4.05% 0.64% 1.48% 6.72% -4.03% -0.91% -2.69% 0.12%
Peso-Hedged Diversified Income 08/03/2020 6.31% -16.54% -0.11% 3.67% N/A N/A N/A N/A N/A N/A -0.16% 5.32% -3.30% N/A
Dividend Paying Fund
Dollar Flexi Asia Bond Fund 03/16/2017 4.21% -21.99% -11.58% 3.99% 5.63% -4.84% 3.23% N/A N/A N/A -0.99% 1.13% -9.86% -5.87%
Dollar Income and Growth Fund 03/16/2017 16.25% -19.42% 11.09% 20.39% 20.74% -6.70% 8.43% N/A N/A N/A 1.76% 14.04% 0.22% 6.03%
Dollar Global Equity Plus Fund 07/19/2021 30.40% -27.93% 2.04% N/A N/A N/A N/A N/A N/A N/A 0.46% 18.37% N/A N/A
Dollar Stability Plus Dividend Paying 05/02/2024 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fund
Dollar Systematic Global Equity 09/01/2022 12.05% 2.17% N/A N/A N/A N/A N/A N/A N/A N/A 4.80% 11.53% N/A N/A
Dividend Paying Fund
Dollar Global Real Assets Dividend 01/04/2022 8.80% -21.33% N/A N/A N/A N/A N/A N/A N/A N/A -5.75% -3.03% N/A N/A
Paying Fund
Dollar Flexi Asia Dividend Paying Bond 12/11/2017 3.98% -22.05% -11.23% 3.46% 5.70% -5.13% -0.09% N/A N/A N/A -0.99% 0.98% -9.78% -5.82%
Fund
Dollar Global Opportunistic Dividend 02/16/2021 3.47% -5.32% -2.61% N/A N/A N/A N/A N/A N/A N/A -2.85% -1.43% -2.26% N/A
Paying Bond Fund
Dollar Income and Growth Dividend 06/19/2018 15.49% -19.20% 10.91% 19.78% 20.17% -9.64% N/A N/A N/A N/A 1.69% 13.46% 0.16% 6.02%
Paying Fund
Dollar Global Income Dividend Paying 02/19/2020 6.59% -12.39% 8.55% 5.41% N/A N/A N/A N/A N/A N/A 0.42% 4.72% -0.90% 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:

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