Manulife Peso Affluence Gold is a single-premium variable life insurance product that allows you to enjoy the rewards

from investing in any or a combination of professionally-managed investment funds, while providing you with lifelong protection.

KEY FEATURES
> Determine the amount of premium that you are comfortable with. You decide on your single premium from a minimum amount of Php 75,000. Choose the investment fund that suits your risk profile. You may choose to allocate your premiums partly or entirely, subject to allowable fund allocations, in any of the following investment funds available for new business. You may switch from one fund to another, subject to the applicable rules on fund switching. Peso Bond Fund. Designed to achieve a 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 Stable Fund. Designed to achieve a stable and long-term 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 instruments. Peso Balanced Fund. Designed to achieve long-term capital growth by investing in diversified portfolios of 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 Equity Fund. 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. Aims to deliver returns with low volatility through investments in cash-like instruments (strictly available for fund switching only). > Provide yourself with the protection you need. Your beneficiaries shall receive the higher of your Account Value or the policys Face Amount adjusted by all partial withdrawals and top-ups made, subject to minimum death benefit.* Increase your investment if you wish. Build up your investment through additional premiums ("top-ups") anytime. Withdraw from your account if needed. You may withdraw anytime for any reason, subject to a minimum withdrawal amount and a 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 in the newspaper every Thursday and / or at our website at www.manulife.com.ph everyday.

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* The minimum death benefit as prescribed by law is 125% of Single Basic Premium plus 125% of top-ups less 125% of withdrawals. The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulifes 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 worlds largest life insurance companies by market capitalization (as of July 31, 2013). Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most 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. Funds under management by Manulife Financial and its subsidiaries were C$567 billion (US$539 billion) as at June 30, 2013. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com. Page 1 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

Sales Illustration Specially Designed For IVAN ANGELO S. APOSTOL

Thank you for considering Peso Affluence Gold, a single-pay variable life insurance product that gives you both living and death benefits. Your living benefit is the account value of your policy. The death benefit on the life insured is the higher of the Account Value or the policy's Face Amount adjusted by all partial withdrawals and top-ups made, subject to minimum death benefit.* As your policy is a variable contract, the Account Value may increase or decrease in accordance with the investment experience of the separate investment funds** that your policy is linked to. AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY. 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. 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. Past performance of the Funds is not necessarily indicative of future performance.

DB2: Level Face Death Benefit LIFE INSURED Name Issue Age Sex FACE AMOUNT YOUR SINGLE PREMIUM Basic Premium YOUR FUND ALLOCATION

SOFIE GALE O. APOSTOL 3 FEMALE 125,000 PHP 100,000.00

Peso Bond Fund 20% Peso Equity Fund 40% Peso Stable Fund 20% Peso Balanced Fund 20% THE RESULTS SHOWN MERELY ILLUSTRATE SCENARIOS AND ARE NOT GUARANTEED. TOTAL ACCOUNT VALUE TOTAL DEATH BENEFIT Basic Yr Age Premium Low Medium High Low Medium High 1 4 100,000 97,864 101,640 103,528 125,000 125,000 125,000 2 5 0 101,313 109,310 113,421 125,000 125,000 125,000 3 6 0 104,913 117,613 124,328 125,000 125,000 125,000 4 7 0 108,667 126,598 136,340 125,000 126,598 136,340 5 8 0 112,580 136,309 149,552 125,000 136,309 149,552 6 9 0 116,657 146,796 164,086 125,000 146,796 164,086 7 10 0 120,905 158,123 180,073 125,000 158,123 180,073 8 11 0 125,329 170,356 197,659 125,329 170,356 197,659 9 12 0 129,933 183,567 217,004 129,933 183,567 217,004 10 13 0 134,722 197,835 238,283 134,722 197,835 238,283 11 14 0 139,702 213,245 261,690 139,702 213,245 261,690 12 15 0 144,882 229,888 287,437 144,882 229,888 287,437 13 16 0 150,268 247,861 315,760 150,268 247,861 315,760 14 17 0 155,871 267,273 346,914 155,871 267,273 346,914 15 18 0 161,697 288,238 381,184 161,697 288,238 381,184 16 19 0 167,756 310,880 418,882 167,756 310,880 418,882 17 20 0 174,058 335,333 460,348 174,058 335,333 460,348 18 21 0 180,611 361,743 505,962 180,611 361,743 505,962 19 22 0 187,427 390,265 556,137 187,427 390,265 556,137 20 23 0 194,516 421,069 611,329 194,516 421,069 611,329 52 55 0 656,751 4,886,137 12,822,714 656,751 4,886,137 12,822,714 57 60 0 796,825 7,176,891 20,648,536 796,825 7,176,891 20,648,536 62 65 0 967,247 10,542,760 33,252,102 967,247 10,542,760 33,252,102 * The Minimum Death Benefit as prescribed by law is 125% of the Single Basic Premium plus 125% of all Top-ups less 125% of withdrawals. ** The Investment Funds ("Funds") mentioned in this document are specific to variable life insurance contracts and are not considered mutual funds. 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 Fees. 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 fund. All payments and benefits shown are in Philippine Pesos. 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 receive it. We will refund to you the applicable Premium Load, Bid-Offer Spread, and monthly deductions plus the Account Value. 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. 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.

IVAN ANGELO S. APOSTOL

NORMA D. MENDIOLA (329259)

POLICYOWNER

FINANCIAL ADVISER

Page 2 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

Peso Bond Fund Fund Allocation rate:

20%

Investment Objective. The Peso Affluence Gold Peso Bond Fund is designed to achieve a 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. Investment Policy. The Fund may invest in the following local currency-denominated securities: (a) securities issued or fully guaranteed by the Republic of the Philippines and government-owned or controlled entities including the Bangko Sentral ng Pilipinas (BSP); (b) securities issued by financially sound companies as may be approved by the Insurance Commission; (c) pooled fund/s that invest in securities issued by financially sound companies, by the Republic of the Philippines and/or government-owned or controlled entities including the BSP and in other liquid fixed income instruments such as term deposits. THE ACCOUNT VALUE WILL INCREASE OR DECREASE IN ACCORDANCE WITH THE FUND'S EXPERIENCE. THE PERFORMANCE OF THIS FUND IS NOT GUARANTEED AND THE ACCOUNT VALUE MAY BE LESS THAN THE CAPITAL INVESTED. Valuation of Assets. On each Valuation Date, Manulife will calculate the net asset value of this fund by using the Valuation Date market prices.
Yr 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Age 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Single Premium 20,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Low PESO BOND FUND ACCOUNT VALUE Medium 19,573 20,328 20,263 21,862 20,983 23,523 21,733 25,320 22,516 27,262 23,331 29,359 24,181 31,625 25,066 34,071 25,987 36,713 26,944 39,567 27,940 42,649 28,976 45,978 30,054 49,572 31,174 53,455 32,339 57,648 33,551 62,176 34,812 67,067 36,122 72,349 37,485 78,053 38,903 84,214 High 20,706 22,684 24,866 27,268 29,910 32,817 36,015 39,532 43,401 47,657 52,338 57,487 63,152 69,383 76,237 83,776 92,070 101,192 111,227 122,266

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 Fees. 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 fund. The Account Value above are net of: a) Premium Load of 4% is deducted from the Basic Premium received. b) Bid-Offer Spread of 1.5% is the spread between Bid Price and Offer Price. The Bid Price is 98.5% of Offer Price. c) Management Fee of 1.5% per annum but not to exceed 3% covering the cost of managing the assets. d) Policy Fee* initially equal to PHP 6.67 per month for this Fund. e) Cost of Insurance* starts at an annual rate of 2.38 per thousand of amount at risk or PHP 1.21 per month and increases with age but will not exceed a monthly charge of 83.33 per thousand of amount at risk for standard risk class. Cost of Insurance varies by age, gender and risk class. *These will be deducted monthly from the Account Value at Bid Price. The deduction will be charged to each Fund in proportion to the Account Value of each Fund. This illustration is based on annual mode and standard risk class. The figures in the illustration above are based on the assumptions in the accompanying first page (Main Page) of this illustration. 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.

IVAN ANGELO S. APOSTOL

NORMA D. MENDIOLA (329259)

POLICYOWNER

FINANCIAL ADVISER

Page 3 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

Peso Stable Fund Fund Allocation rate:

20%

Investment Objective. The Peso Affluence Gold Peso Stable Fund is designed to achieve a stable and long-term 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 instruments. Investment Policy. The Fund may invest in the following local currency-denominated securities: (a) securities issued or fully guaranteed by the Republic of the Philippines and government-owned or controlled entities including the Bangko Sentral ng Pilipinas (BSP); (b) securities issued by financially sound companies as may be approved by the Insurance Commission; (c) stocks listed on the Philippine Stock Exchange; (d) pooled fund/s that invest in stocks listed on the Philippine Stock Exchange, securities issued by the Republic of the Philippines and by financially sound companies, and other liquid instruments such as term deposits. THE ACCOUNT VALUE WILL INCREASE OR DECREASE IN ACCORDANCE WITH THE FUND'S EXPERIENCE. THE PERFORMANCE OF THIS FUND IS NOT GUARANTEED AND THE ACCOUNT VALUE MAY BE LESS THAN THE CAPITAL INVESTED. Valuation of Assets. On each Valuation Date, Manulife will calculate the net asset value of this fund by using the Valuation Date market prices.
Yr 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Age 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Single Premium 20,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Low PESO STABLE FUND ACCOUNT VALUE Medium 19,573 20,328 20,263 21,862 20,983 23,523 21,733 25,320 22,516 27,262 23,331 29,359 24,181 31,625 25,066 34,071 25,987 36,713 26,944 39,567 27,940 42,649 28,976 45,978 30,054 49,572 31,174 53,455 32,339 57,648 33,551 62,176 34,812 67,067 36,122 72,349 37,485 78,053 38,903 84,214 High 20,706 22,684 24,866 27,268 29,910 32,817 36,015 39,532 43,401 47,657 52,338 57,487 63,152 69,383 76,237 83,776 92,070 101,192 111,227 122,266

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 Fees. 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 fund. The Account Value above are net of: a) Premium Load of 4% is deducted from the Basic Premium received. b) Bid-Offer Spread of 1.5% is the spread between Bid Price and Offer Price. The Bid Price is 98.5% of Offer Price. c) Management Fee of 1.75% per annum but not to exceed 3% covering the cost of managing the assets. d) Policy Fee* initially equal to PHP 6.67 per month for this Fund. e) Cost of Insurance* starts at an annual rate of 2.38 per thousand of amount at risk or PHP 1.21 per month and increases with age but will not exceed a monthly charge of 83.33 per thousand of amount at risk for standard risk class. Cost of Insurance varies by age, gender and risk class. *These will be deducted monthly from the Account Value at Bid Price. The deduction will be charged to each Fund in proportion to the Account Value of each Fund. This illustration is based on annual mode and standard risk class. The figures in the illustration above are based on the assumptions in the accompanying first page (Main Page) of this illustration. 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.

IVAN ANGELO S. APOSTOL

NORMA D. MENDIOLA (329259)

POLICYOWNER

FINANCIAL ADVISER

Page 4 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

Peso Equity Fund Fund Allocation rate:

40%

Investment Objective. The Peso Affluence Gold Peso Equity 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. Investment Policy. The Fund may invest in the following : (a) stocks listed on the Philippine Stock Exchange; (b) government securities; (c) pooled fund/s that invest in stocks listed on the Philippine Stock Exchange, government securities and other liquid instruments such as term deposits. THE ACCOUNT VALUE WILL INCREASE OR DECREASE IN ACCORDANCE WITH THE FUND'S EXPERIENCE. THE PERFORMANCE OF THIS FUND IS NOT GUARANTEED AND THE ACCOUNT VALUE MAY BE LESS THAN THE CAPITAL INVESTED. Valuation of Assets. On each Valuation Date, Manulife will calculate the net asset value of this fund by using the Valuation Date market prices.
Yr 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Age 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Single Premium 40,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Low PESO EQUITY FUND ACCOUNT VALUE Medium 39,145 40,656 40,525 43,724 41,965 47,045 43,467 50,639 45,032 54,524 46,663 58,719 48,362 63,249 50,132 68,142 51,973 73,427 53,889 79,134 55,881 85,298 57,953 91,955 60,107 99,145 62,348 106,909 64,679 115,295 67,102 124,352 69,623 134,133 72,245 144,697 74,971 156,106 77,806 168,428 High 41,411 45,369 49,731 54,536 59,821 65,634 72,029 79,064 86,802 95,313 104,676 114,975 126,304 138,766 152,474 167,553 184,139 202,385 222,455 244,532

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 Fees. 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 fund. The Account Value above are net of: a) Premium Load of 4% is deducted from the Basic Premium received. b) Bid-Offer Spread of 1.5% is the spread between Bid Price and Offer Price. The Bid Price is 98.5% of Offer Price. c) Management Fee of 2.00% per annum but not to exceed 3% covering the cost of managing the assets. d) Policy Fee* initially equal to PHP 13.33 per month for this Fund. e) Cost of Insurance* starts at an annual rate of 2.38 per thousand of amount at risk or PHP 2.41 per month and increases with age but will not exceed a monthly charge of 83.33 per thousand of amount at risk for standard risk class. Cost of Insurance varies by age, gender and risk class. *These will be deducted monthly from the Account Value at Bid Price. The deduction will be charged to each Fund in proportion to the Account Value of each Fund. This illustration is based on annual mode and standard risk class. The figures in the illustration above are based on the assumptions in the accompanying first page (Main Page) of this illustration. 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.

IVAN ANGELO S. APOSTOL

NORMA D. MENDIOLA (329259)

POLICYOWNER

FINANCIAL ADVISER

Page 5 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

Peso Balanced Fund Fund Allocation rate:

20%

Investment Objective. The Peso Affluence Gold Peso Balanced 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. Investment Policy. The Fund may invest in the following: (a) securities issued by the Republic of the Philippines (ROP) and government owned or controlled entities including the Bangko Sentral ng Pilipinas (BSP); (b) securities issued by financially sound companies; (c) securities listed on the Philippine Stock Exchange (PSE); (d) pooled fund/s that invest in securities listed on the PSE, in securities issued by financially sound companies and by the ROP and/or government owned or controlled entities including the BSP and in other liquid fixed income instruments such as term deposits. THE ACCOUNT VALUE WILL INCREASE OR DECREASE IN ACCORDANCE WITH THE FUND EXPERIENCE. THE PERFORMANCE OF THIS FUND IS NOT GUARANTEED AND THE ACCOUNT VALUE MAY BE LESS THAN THE CAPITAL INVESTED. Valuation of Assets. On each Valuation Date, Manulife will calculate the net asset value of this Fund.
Yr 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Age 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Single Premium 20,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Low PESO BALANCED FUND ACCOUNT VALUE Medium 19,573 20,328 20,263 21,862 20,983 23,523 21,733 25,320 22,516 27,262 23,331 29,359 24,181 31,625 25,066 34,071 25,987 36,713 26,944 39,567 27,940 42,649 28,976 45,978 30,054 49,572 31,174 53,455 32,339 57,648 33,551 62,176 34,812 67,067 36,122 72,349 37,485 78,053 38,903 84,214 High 20,706 22,684 24,866 27,268 29,910 32,817 36,015 39,532 43,401 47,657 52,338 57,487 63,152 69,383 76,237 83,776 92,070 101,192 111,227 122,266

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 Fees. 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 fund. The Account Value above are net of: a) Premium Load of 4% is deducted from the Basic Premium received. b) Bid-Offer Spread of 1.5% is the spread between Bid Price and Offer Price. The Bid Price is 98.5% of Offer Price. c) Management Fee of 2.00% per annum but not to exceed 3% covering the cost of managing the assets. d) Policy Fee* initially equal to PHP 6.67 per month for this Fund. e) Cost of Insurance* starts at an annual rate of 2.38 per thousand of amount at risk or PHP 1.21 per month and increases with age but will not exceed a monthly charge of 83.33 per thousand of amount at risk for standard risk class. Cost of Insurance varies by age, gender and risk class. *These will be deducted monthly from the Account Value at Bid Price. The deduction will be charged to each Fund in proportion to the Account Value of each Fund. This illustration is based on annual mode and standard risk class. The figures in the illustration above are based on the assumptions in the accompanying first page (Main Page) of this illustration. 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.

IVAN ANGELO S. APOSTOL

NORMA D. MENDIOLA (329259)

POLICYOWNER

FINANCIAL ADVISER

Page 6 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

Affluence Gold HISTORICAL INVESTMENT FUND PERFORMANCE

Absolute Returns (Not Annualized) Peso Equity Peso Balanced Peso Cash Fund Fund Fund

USD Asia USD ASEAN Pacific Bond Growth Fund Fund First Launch April 1, 2004 April 1, 2004 September 4, July 1, 2013 March 8, 2013 November 16, October 24, November 26, Date 2007 2004 2011 2013 2004* 2005 2006 2007 2008 2009 2010 2011 2012 Since Inception 6.50% 14.65% 24.08% 7.06% -7.27% 8.57% 16.46% 10.14% 11.98% 134.70% 4.60% 19.31% 23.00% 4.17% 1.13% 2.66% 13.07% 13.53% 7.70% 129.50% N.A. N.A. N.A. 2.80%** -31.52% 38.53% 38.34% 2.73% 36.62% 89.90% 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. N.A. N.A. N.A. N.A. N.A. N.A. 0.70% 9.33% 17.89% 5.55% -7.23% 20.91% 10.17% 9.29% 15.49% 114.70% N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 8.48% 7.50% N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

Peso Stable Fund

Peso Bond Fund

U.S. Dollar Bond Fund

* April to December for Peso Stable and Peso Bond Funds. November to December for US Dollar Bond Fund. **September 4 to December 26, 2007

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. 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 policy holder 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. Unit Prices of the Funds are published weekly in major newspapers. Certified true and Correct:

David N. Banks Senior Vice President & Chief Finance Officer

Page 7 of 8
Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01

VARIABLE LIFE INSURANCE PLAN ACKNOWLEDGEMENT OF VARIABILITY

Applicant : IVAN ANGELO S. APOSTOL Application No : Financial Adviser's Name : NORMA D. MENDIOLA

Code No : 329259

Unit :

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 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 investment risks under the policy are to be borne solely by me, as the policyholder.

UNDERSTANDING OF GUARANTEED INSURABILITY OFFER

I understand that: Guaranteed Insurability Offer (GIO) is a program designed to provide insurance protection, with no medical examination required, subject to certain issue limits and underwriting guidelines. The product is offered under Guaranteed Insurability Offer (GIO) subject to limits set by the Company. Should my total insurance coverage under GIO with the Company exceed such limit, the Company will decline my application under the GIO. In such event, I can apply for the insurance coverage exceeding the GIO limits using the Application for Variable Life Insurance and undergo the Company's regular underwriting process. GIO does not mean guaranteed approval of my application. My application may be declined for underwriting reasons such as but not limited to the following: 1) I have exceeded the GIO limits set by the Company, 2) I have not submitted the complete Anti-Money Laundering Act (AMLA) requirements, 3) I have not provided complete information in my GIO application form, 4) The health declaration is not acceptable according to the Companys underwriting guidelines, or 5) I have previous application with Manulife Philippines or other life insurance companies which was deferred, postponed OR declined (regular underwriting or simplified issue), regardless of reason.

Applicant's Signature over Printed Name

Date

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Ver. Ph2013.3.28.005.0920 This proposal prepared on 21 October, 2013 is valid until 20 November, 2013 THCF6213AL3HTH4-US599 AD300000ATW5V6T1-01