Manulife Horizons is a minimum 5-pay** variable life insurance product that provides you with insurance protection and

allows you to enjoy

the rewards from investing in any or a combination of professionally-managed investment accounts.

MANULIFE HORIZONS' MAJOR FEATURES

Liberty to choose your desired Face Amount depending on your life insurance protection needs. You decide on your
life insurance coverage from a minimum amount of Php 300,000.

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 allows 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
Age

MR. JOHN DESCALSOTA

39

Sex
Currency

MALE
PHP

YOUR BENEFITS
Basic Benefit
Manulife Horizons (Minimum 5-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
500,000
Included

Annual Premium
PHP
51,780.00
Recurring Top-Up Premium
PHP
10,000.00
Annual Premium
PHP
1,406.50
PHP
611.64

PREMIUMS
Premium Component
Basic Premium + Rider Premiums
Recurring Top-Up Premium
Total Premium

PHP
PHP
PHP

Annual
53,798.14
10,000.00
63,798.14

PHP
PHP
PHP

Semi-Annual
26,941.76
5,000.00
31,941.76

PHP
PHP
PHP

Quarterly
13,492.22
2,500.00
15,992.22

PHP
PHP
PHP

Monthly
4,501.19
833.33
5,334.52

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 5 years is not guaranteed. You may still be required to pay additional premium after 5 years if the Account Value is
insufficient to pay the charges.

MR. JOHN DESCALSOTA

SAGUINDAN,JOSEPHINE,ALZAGA (771263)

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$691 billion (US$596 billion) as at December 31, 2014.
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.

A3JZG215563XV0S
AE771263AF8BMQQ2-03

Page 1 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Ver. Ph2015.3.39.003.0318
UN205

Sales Illustration Specially Designed For MR. JOHN DESCALSOTA

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

TOTAL ACCOUNT VALUE

1
2
3
4

40
41
42
43

51,780
51,780
51,780
51,780

10,000
10,000
10,000
10,000

Low
37,865
82,578
134,442
199,168

44

51,780

10,000

266,524

297,720

6
7
8
9

45
46
47
48

0
0
0
0

0
0
0
0

273,006
279,601
286,307
293,122

317,423
338,620
361,438
386,015

10

49

300,044

11
12
13
14

50
51
52
53

0
0
0
0

0
0
0
0

307,063
314,168
320,899
327,588

15

54

16
17
18
19

55
56
57
58

0
0
0
0

0
0
0
0

20

59

21
26

60
65

0
0

FULL WITHDRAWAL VALUE

Medium
39,402
87,503
145,036
218,402

High
40,170
90,012
150,534
228,560

Low

TOTAL DEATH BENEFIT

8,785
25,539
46,518
199,168

Medium
9,203
27,196
50,422
218,402

High
9,413
28,042
52,453
228,560

Low
1,012,500
1,025,000
1,037,500
1,050,000

Medium
1,012,500
1,025,000
1,037,500
1,050,000

High
1,012,500
1,025,000
1,037,500
1,050,000

314,496

266,524

297,720

314,496

1,062,500

1,062,500

1,062,500

341,871
371,942
404,993
441,345

273,006
279,601
286,307
293,122

317,423
338,620
361,438
386,015

341,871
371,942
404,993
441,345

1,062,500
1,062,500
1,062,500
1,062,500

1,062,500
1,062,500
1,062,500
1,062,500

1,062,500
1,062,500
1,062,500
1,062,500

412,504

481,356

300,044

412,504

481,356

1,062,500

1,062,500

1,062,500

441,068
471,883
504,793
540,295

525,416
573,967
627,213
685,952

307,063
314,168
320,899
327,588

441,068
471,883
504,793
540,295

525,416
573,967
627,213
685,952

1,062,500
1,062,500
1,062,500
1,062,500

1,062,500
1,062,500
1,062,500
1,062,500

1,062,500
1,062,500
1,062,500
1,062,500

334,196

578,619

750,811

334,196

578,619

750,811

1,062,500

1,062,500

1,062,500

340,681
347,017
353,181
359,156

620,026
664,824
713,360
766,031

822,506
901,860
989,813
1,087,413

340,681
347,017
353,181
359,156

620,026
664,824
713,360
766,031

822,506
901,860
989,813
1,087,413

1,062,500
1,062,500
1,062,500
1,062,500

1,062,500
1,062,500
1,062,500
1,062,500

1,062,500
1,062,500
1,062,500
1,087,413

364,928

823,281

1,195,101

364,928

823,281

1,195,101

1,062,500

1,062,500

1,195,101

0
0

370,472
392,459

885,605
1,291,154

1,313,558
2,109,068

370,472
392,459

885,605
1,291,154

1,313,558
2,109,068

1,062,500
1,062,500

1,062,500
1,291,154

1,313,558
2,109,068

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 5 years is not guaranteed. You may still be required to pay additional premium after 5 years if the Account Value is
insufficient to pay the monthly deductions.
Please refer to Important Illustration Notes for more information.

A3JZG215563XV0S
AE771263AF8BMQQ2-03

MR. JOHN DESCALSOTA

SAGUINDAN,JOSEPHINE,ALZAGA (771263)

POLICYOWNER

FINANCIAL ADVISER

Page 2 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Ver. Ph2015.3.39.003.0318
UN205

Sales Illustration Specially Designed For MR. JOHN DESCALSOTA

CHARGES
This Sales Illustration is based on the following charges:
Premium Charges of 40% on the first policy year, 30% on the second year and 20% on the third 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 3.02 per thousand of amount at risk or PHP 244.38
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.

IMPORTANT ILLUSTRATION NOTES

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY
All payments and benefits shown are in Philippine Pesos.
The illustration assumes that the Total Basic Premiums and Recurring Top-Up Premiums, if any, are paid in full. Recurring
Top-Up Premiums, Lump-Sum Top-Up Premiums and Partial Withdrawals, if any, are at the beginning of the policy year.
Top-Up Premiums are allowed provided no premiums are deferred.
Recurring Top-Ups, if any, are paid on top of the Basic Premiums.
Full Withdrawal Values illustrated are net of all charges outlined in this illustration, and surrender charges applicable to the
first 3 years of the policy as mentioned above. The surrender charges mentioned do not apply to any Recurring Top-Ups or
Lump-Sum Top-Ups. Any withdrawals from the Recurring Top-Ups and Lump-Sum Top-Ups are not subject to the surrender
charges.
This illustration shall form part of the insurance contract once the policy is issued. The precise terms and conditions of this
plan are specified in your policy contract. Please refer to your policy contract for full details.
We have tried our best to ensure the accuracy of this illustration; however, errors and omissions may still have occurred in
its preparation.
The premium payment period of 5 years is not guaranteed. You may still be required to pay additional premium after 5
years if the Account Value is insufficient to pay the monthly deductions.
By signing below, you signify that you have read and understood the disclosures in the illustrations; that your
Financial Adviser has explained to your satisfaction the principal features of the policy, 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; that you fully understand that when buying this policy, you are
assuming all investment risks associated with it.

A3JZG215563XV0S
AE771263AF8BMQQ2-03

MR. JOHN DESCALSOTA

SAGUINDAN,JOSEPHINE,ALZAGA (771263)

POLICYOWNER

FINANCIAL ADVISER

Page 3 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Ver. Ph2015.3.39.003.0318
UN205

Sales Illustration Specially Designed For MR. JOHN DESCALSOTA

INVESTMENT FUND OPTIONS

INVESTMENT FUND OBJECTIVES

Fund
Management
Charge

Fund
Allocation

1.75%

0%

2.00%

0%

2.25%

100%

2.25%

0%

0.50%

NA

Peso Secure Fund

The Peso Secure Fund is designed to achieve stable and long-term growth by investing in government securities, high-quality
corporate debt securities and/or in pooled fund/s that invest in these securities and other liquid fixed income instruments.

Peso Diversified Value Fund

The Peso Diversified Value Fund is designed to achieve a stable and long-term capital growth by investing in government
securities, high-quality corporate debt securities, stocks listed on the Philippine Stock Exchange and/or pooled fund/s that
invest in these securities and other liquid fixed income instruments.

Peso Dynamic Allocation Fund

The Peso Dynamic Allocation Fund is designed to achieve long-term capital growth by investing in diversified portfolios of
local currency-denominated fixed income securities and securities listed on the Philippine Stock Exchange and/or pooled
funds that invest in these securities and other liquid fixed income instruments.

Peso Growth Fund

The Peso Growth Fund is designed to achieve long-term capital appreciation by investing in stocks listed on the Philippine
Stock Exchange, government securities and/or in pooled fund/s that invest in these securities and other liquid instruments.

Peso Cash Fund (for fund switching only)

The Peso Cash Fund aims to deliver returns with low volatility through investments in cashlike instruments.

HISTORICAL INVESTMENT FUND PERFORMANCE

Peso Secure Fund

Absolute Returns (Not Annualized)

Peso Dynamic
Peso Growth Fund
Allocation Fund
July 1, 2013
April 14, 2009

April 14, 2009

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 policyholder 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.

Certified true and Correct:

Aira Gaspar, CFA

Senior Vice President & Chief Investment Officer
A3JZG215563XV0S
AE771263AF8BMQQ2-03

Page 4 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Ver. Ph2015.3.39.003.0318
UN205

Sales Illustration Specially Designed For MR. JOHN DESCALSOTA

SUPPLEMENTARY BENEFITS
Coverage /
Benefit

Annual
Premium

Accidental Death Benefit (ADB)

Provides additional coverage if death occurs through accidental means.

500,000

1,406.50

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.

Included

611.64

A3JZG215563XV0S
AE771263AF8BMQQ2-03

Page 5 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Ver. Ph2015.3.39.003.0318
UN205

Sales Illustration Specially Designed For MR. JOHN DESCALSOTA

ILLUSTRATION OF GUARANTEED RIDER CASH VALUES

This illustration is based on the assumptions in the first page of this proposal.
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
26

Age
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
65

Accidental Death Benefit

Total
0.00
500.00
1,500.00
2,000.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,000.00
2,000.00
2,000.00
1,500.00

0.00
500.00
1,500.00
2,000.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
2,000.00
2,000.00
2,000.00
1,500.00

Important Illustration Notes:

*
Only rider/s with guaranteed cash values appear in this particular illustration.
*
Accidental Death Benefit rider terminates upon attainment of Age 70 of the Insured.

A3JZG215563XV0S
AE771263AF8BMQQ2-03

MR. JOHN DESCALSOTA

SAGUINDAN,JOSEPHINE,ALZAGA (771263)

POLICYOWNER

FINANCIAL ADVISER

Page 6 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Ver. Ph2015.3.39.003.0318
UN205

Applicant :
MR. JOHN DESCALSOTA
Application No :
Financial Adviser's Name : SAGUINDAN,JOSEPHINE,ALZAGA

Code No :

771263

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 5 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 policyholder.

MR. JOHN DESCALSOTA

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.

MR. JOHN DESCALSOTA

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.

SAGUINDAN,JOSEPHINE,ALZAGA(771263)
FINANCIAL ADVISER

A3JZG215563XV0S
AE771263AF8BMQQ2-03

Page 7 of 7
This proposal prepared on 06 May, 2015 is valid until 15 May, 2015
Illustrations are valid only if all illustration pages are included.

Date

Ver. Ph2015.3.39.003.0318
UN205