SET FOR LIFE 7PAY SALES ILLUSTRATION Quotation Reference No : 9904540626623

FOR THE PROPOSED OWNER :

NAME : Mr. Ryan Anicete DATE OF BIRTH: January 01, 1976
GENDER: Male AGE: 44
PROPOSED INSURED :
NAME : Mr. Ryan Anicete DATE OF BIRTH: January 01, 1976
GENDER: Male AGE: 44
RISK CLASS : Standard Class 1 OCCUPATION : Director Company

Thank You for considering Set for Life 7Pay - the perfect way to protect You and Your family's future. By investing regularly in FWD's professionally managed Investment Funds,
You benefit from the long term growth potential of carefully selected equities and bonds. You also have the flexibility to invest additional amounts at any time (subject to our
approval) or, if money is tight, suspend regular investments and/or withdraw some or all of Your investment without penalties. You can give Your family even more peace of mind
by attaching Supplementary Benefits which provide financial support if the Insured is hospitalized, has suffered a critical illness, is disabled or worse. With Your family’s financial
future secure, You can get ready to live!
To reward our long term Customers, FWD Life Insurance Corporation ("FWD") aims to pay Loyalty Bonuses on the 10th policy year and every five years thereafter. The Loyalty
Bonus is now at 2% of the average Total Account Value of the preceding sixty months. The Loyalty Bonus is not guaranteed and may be adjusted by FWD.
An illustration of Your potential benefits is shown below, amounts are in Philippine Pesos.

AMOUNT TOTAL LIVING BENEFITS PROJECTED DEATH BENEFIT

POLICY BASIC TOP-UP
AGE ALLOCATED (AT END OF YEAR) (AT END OF YEAR)
YEAR PREMIUMS PREMIUMS
TO FUND 4% 8% 10% 4% 8% 10%
1 44 119,952 - 29,988 25,171 25,695 25,956 1,500,000 1,500,000 1,500,000
2 45 119,952 - 59,976 81,664 84,398 85,774 1,500,000 1,500,000 1,500,000
3 46 119,952 - 107,957 189,279 197,693 201,984 1,500,000 1,500,000 1,500,000
4 47 119,952 - 119,952 313,487 332,638 342,546 1,500,000 1,500,000 1,500,000
5 48 119,952 - 119,952 442,795 478,585 497,416 1,500,000 1,500,000 1,500,000
6 49 119,952 - 119,952 577,509 636,563 668,195 1,500,000 1,500,000 1,500,000
7 50 119,952 - 119,952 717,940 807,725 856,703 1,500,000 1,500,000 1,500,000
8 51 - - - 741,476 867,780 938,167 1,500,000 1,500,000 1,500,000
9 52 - - - 765,609 932,668 1,028,008 1,500,000 1,500,000 1,500,000
10 53 - - - 803,952 1,018,660 1,144,304 1,500,000 1,500,000 1,500,000
11 54 - - - 829,961 1,096,055 1,255,887 1,500,000 1,500,000 1,500,000
12 55 - - - 856,650 1,180,035 1,379,537 1,500,000 1,500,000 1,500,000
13 56 - - - 884,059 1,271,343 1,516,819 1,500,000 1,500,000 1,516,819
14 57 - - - 912,225 1,370,804 1,668,498 1,500,000 1,500,000 1,668,498
15 58 - - - 958,619 1,503,970 1,864,453 1,500,000 1,503,970 1,864,453
16 59 - - - 989,419 1,624,284 2,050,889 1,500,000 1,624,284 2,050,889
17 60 - - - 1,021,212 1,754,222 2,255,969 1,500,000 1,754,222 2,255,969
18 61 - - - 1,054,128 1,894,558 2,481,568 1,500,000 1,894,558 2,481,568
19 62 - - - 1,088,221 2,046,120 2,729,720 1,500,000 2,046,120 2,729,720
20 63 - - - 1,144,355 2,246,388 3,050,280 1,500,000 2,246,388 3,050,280

22 65 - - - 1,222,344 2,620,200 3,690,840 1,500,000 2,620,200 3,690,840

27 70 - - - 1,487,519 3,913,634 6,038,303 1,500,000 3,913,634 6,038,303
37 80 - - - 2,282,341 8,731,177 16,162,068 2,282,341 8,731,177 16,162,068
47 90 - - - 3,502,035 19,478,962 43,259,300 3,502,035 19,478,962 43,259,300
56 99 - - - 5,166,876 40,237,920 105,261,490 5,166,876 40,237,920 105,261,490

Version 1.6 This Sales Illustration is prepared on September 02, 2020 and valid until November 30, 2020 Page 1 of 7

FWD LIFE INSURANCE CORPORATION

19/F, W Fifth Avenue Bldg., 5th Avenue cor. 32nd Street,
Bonifacio Global City, Taguig City 1634, Philippines
T: (632) 8888 8393 | F: (632) 8558 7393
FWD.COM.PH
 IMPORTANT INFORMATION TO NOTE ABOUT SET FOR LIFE 7PAY

(i) ALL INVESTMENT RISKS ASSOCIATED WITH SET FOR LIFE 7PAY ARE BORNE SOLELY BY THE OWNER.
(ii) Amount Allocated To Fund is the sum of your Total Basic Regular Premiums and Top-Up Premiums, if any, less applicable Premium Charges.
Supplementary Benefit Premiums are not invested.
(iii) Total Living Benefits is the sum of your Total Account Value, less any applicable Surrender Charges for full or partial withdrawals. The Total Living Benefits illustrated
assume investment earnings of 4%, 8%, and 10%. Fund Management Charge, tax and other investment expenses are also assumed to have been deducted from the
Investment Funds. These earning rates are not based on past fund performance and actual Investment Fund earnings will differ from these rates.
(iv) The value of Your Policy is NOT GUARANTEED and depends on the actual investment performance of the Funds. It is possible that the value of Your policy will become
less than the amount that You invest.
(v) The amounts in this illustration also assume that the illustrated Premiums are paid in full when due, are net of the Policy Charges which may be reviewed and subject to
change in the future. Fund Switching Charges may apply.
(vi) If the Insured dies while the Policy is in force, FWD will pay whichever is higher of (i) PHP 1,500,000, (ii) the Total Account Value or (iii) the Minimum Death Benefit. The
Minimum Death Benefit is the sum of 500% of Basic Annual Premiums plus 125% of any Top-Up Premiums paid less 125% of any Partial Withdrawals. This is still
exclusive of any applicable benefit/s payable upon death from Supplementary Benefits.
(vii) If You decide this Policy is not suitable for Your needs, You can return the Policy to FWD for cancellation within 15 days from the date You receive it and
receive a refund equal to the sum of the Total Account Value, Premium Charges, Supplementary Benefit Premiums and the Insurance Charges that have been
deducted from Your Fund Account Value.
(viii) This Sales Illustration becomes part of Your Policy after the Policy is issued. The terms and conditions applicable to Your Policy are presented in more detail in the Set for
Life 7Pay Policy Contract. The Policy Contract will be followed if there are inconsistencies between this Sales Illustration and the Policy Contract.
(ix) FWD may change the Policy Charges but only after seeking approval from the Insurance Commission and informing You one (1) month prior to the change.
SUMMARY OF BENEFITS, PREMIUMS AND INSURANCE CHARGES
INITIAL INSURANCE TOTAL ANNUAL
SUM ASSURED BENEFIT PAYMENT
BENEFIT DESCRIPTION CHARGES* PREMIUM
(in PHP) PERIOD PERIOD
(in PHP) (in PHP)
Set for Life 7Pay Death Benefit 1,500,000.00 To Age 100 5,347.08 7 Years 120,000.00
Basic Premium 120,000.00
*Insurance Charges are deducted from Your Total Account Value as payment for the Benefits You have Top Up Premium 0.00
selected. The initial Insurance Charges shown are the projected charges for the first year of the policy. Supplementary Benefits Premium 0.00
Charges will increase in subsequent years based on the Insured's attained age and the actual Account Value Total Annual Premium 120,000.00
of the policy.
Total Semi-Annual Premium 60,000.00
Total Quarterly Premium 30,000.00
**Your Total Regular Premium refers to the total premiums you need to pay for a year depending on the
Total Monthly Premium 9,996.00
premium frequency you have chosen.
Total Regular Premium** 119,952.00

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FWD.COM.PH
 SPECIAL ILLUSTRATION OF BENEFITS

For LUMP SUM TOP-UP PREMIUMS, SCHEDULED WITHDRAWALS AND PREMIUM HOLIDAY OPTION
Set for Life can be customized to suit your family’s protection needs. The table below illustrates how Set for Life benefits can be adjusted to keep up with your needs.
REGULAR/LUMP TOTAL LIVING BENEFITS PROJECTED DEATH BENEFIT
POLICY BASIC
AGE SUM TOP-UP WITHDRAWALS (AT THE END OF YEAR) (AT THE END OF YEAR)
YEAR PREMIUMS
PREMIUMS 4% 8% 10% 4% 8% 10%
1 44 119,952 - - 25,171 25,695 25,956 1,500,000 1,500,000 1,500,000
2 45 119,952 - - 81,664 84,398 85,774 1,500,000 1,500,000 1,500,000
3 46 119,952 - - 189,279 197,693 201,984 1,500,000 1,500,000 1,500,000
4 47 119,952 - - 313,487 332,638 342,546 1,500,000 1,500,000 1,500,000
5 48 119,952 - - 442,795 478,585 497,416 1,500,000 1,500,000 1,500,000
6 49 119,952 - - 577,509 636,563 668,195 1,500,000 1,500,000 1,500,000
7 50 119,952 - - 717,940 807,725 856,703 1,500,000 1,500,000 1,500,000
8 51 - - - 741,476 867,780 938,167 1,500,000 1,500,000 1,500,000
9 52 - - - 765,609 932,668 1,028,008 1,500,000 1,500,000 1,500,000
10 53 - - - 803,952 1,018,660 1,144,304 1,500,000 1,500,000 1,500,000
11 54 - - - 829,961 1,096,055 1,255,887 1,500,000 1,500,000 1,500,000
12 55 - - - 856,650 1,180,035 1,379,537 1,500,000 1,500,000 1,500,000
13 56 - - - 884,059 1,271,343 1,516,819 1,500,000 1,500,000 1,516,819
14 57 - - - 912,225 1,370,804 1,668,498 1,500,000 1,500,000 1,668,498
15 58 - - - 958,619 1,503,970 1,864,453 1,500,000 1,503,970 1,864,453
16 59 - - - 989,419 1,624,284 2,050,889 1,500,000 1,624,284 2,050,889
17 60 - - - 1,021,212 1,754,222 2,255,969 1,500,000 1,754,222 2,255,969
18 61 - - - 1,054,128 1,894,558 2,481,568 1,500,000 1,894,558 2,481,568
19 62 - - - 1,088,221 2,046,120 2,729,720 1,500,000 2,046,120 2,729,720
20 63 - - - 1,144,355 2,246,388 3,050,280 1,500,000 2,246,388 3,050,280

22 65 - - - 1,222,344 2,620,200 3,690,840 1,500,000 2,620,200 3,690,840

27 70 - - - 1,487,519 3,913,634 6,038,303 1,500,000 3,913,634 6,038,303
37 80 - - - 2,282,341 8,731,177 16,162,068 2,282,341 8,731,177 16,162,068
47 90 - - - 3,502,035 19,478,962 43,259,300 3,502,035 19,478,962 43,259,300
56 99 - - - 5,166,876 40,237,920 105,261,490 5,166,876 40,237,920 105,261,490

Additional Notes on the Special Illustration of Benefits:

1. Lump Sum Top-Up Premiums can be paid by the policyowner anytime through a duly accomplished Investment Change Form subject to the approval of the
Underwriting Department. The minimum amount to be invested per fund is Php 2,000. The illustration above includes all the Top-Up Premiums applicable in the
policy including Regular Top-Up and Lump Sum Top-Up Premiums.
2. Scheduled withdrawals from the Account Value may be requested by the policyowner through a duly accomplished Policy Withdrawal Form submitted to FWD. Any
withdrawal from the Account Value may reduce the Death Benefit payable and will be subject to corresponding Surrender Charges, if any.

Version 1.6 This Sales Illustration is prepared on September 02, 2020 and valid until November 30, 2020 Page 3 of 7

FWD.COM.PH
 WHAT WE DON’T COVER
SET FOR LIFE
We will not pay any death benefit if the claim arises from attempted suicide or self-inflicted act by the Insured within two years.

Version 1.6 This Sales Illustration is prepared on September 02, 2020 and valid until November 30, 2020 Page 4 of 7

FWD.COM.PH
 ACKNOWLEDGEMENTS BY THE OWNER
POLICY CHARGES
I acknowledge that I understand that the following Policy Charges will be charged to my Set for Life 7Pay Policy:
(i) Premium Charges are deducted according to the following table:
Premium Charge as a Percentage of Premium Payable in :
1st Policy Year 2nd Policy Year 3rd Policy Year 4th Policy Year Onwards
Basic Premium Charge 75% 50% 10% 0%
Regular Top-Up Premium Charge 5% 5% 5% 5%
Lump Sum Top-Up Premium Charge 5% 5% 5% 5%
You can suspend payment of Basic Premiums and Basic Top-Up Premiums at any time. However any Basic Premium Charges that would have been received by FWD
had You continued to pay Basic Premiums will be deducted from Your Total Account Value. If Total Account Value becomes insufficient to cover these Charges, Your
Policy will terminate.
(ii) Insurance Charges are deducted every month from Your Total Account Value as payment for the benefit that You have selected. If the Total Account Value becomes
insufficient to cover the Insurance Charges during the first three (3) Policy Years, Your Basic Plan Death Benefit will continue for as long as Basic Premiums and Regular
Top-Up Premiums are paid when due and no withdrawals. A Contract Debt is created equal to any undeducted Insurance Charges and accumulated without interest. Any
Basic or Top-Up Premiums paid net of Premium Charges will reduce the Contract Debt with any remaining amounts being invested in the Total Account Value. The Policy
will terminate at the end of the third (3rd) year if the Total Account Value is zero (0) or below. The Contract Debt balance will be deducted from any Death Benefit that may
become payable.
(iii) Fund Management Charges are deducted from the Investment Funds to cover the cost of administering the Investment Funds and determine the net asset values of
each of the Investment Funds.
(iv) Fund switching is free up to six (6) times per Policy Year, provided that it is requested through FWD's online facility. In other situations, a Fund Switching Charge of 1%
of the amount switched will be deducted from the Total Account Value.
I acknowledge that:
(i) I have applied to FWD for a Set for Life 7Pay Insurance Policy and have reviewed the illustrations showing how variable life insurance policies perform using FWD's
assumptions and the Insurance Commission's guidelines on interest rates.
(ii) I understand that since the fund performance may vary, the values of my units are not guaranteed and will depend on the actual performance and that the value of my
Policy could be less than the total of the Basic Premiums and Regular Top-Up Premiums and any Lump Sum Top-Up Premiums paid. The actual unit values of the
Investment Funds are published regularly.
(iii) I fully understand that the investment risks under my Policy are to be borne solely by me, as the Owner.

MR Ryan Anicete
DATE ACCEPTED OWNER'S FULL NAME

91207353 Kevin Altamira Paris

DATE ACCEPTED CODE FINANCIAL SOLUTIONS CONSULTANT'S FULL NAME

BANK REFERROR NAME: BANK REFERROR CODE:

Version 1.6 This Sales Illustration is prepared on September 02, 2020 and valid until November 30, 2020 Page 5 of 7

FWD.COM.PH
 INVESTMENT FUND OPTIONS

FWD PESO BOND FUND Your nominated allocation to this fund : 0 %

The fund targets long term growth by investing in a diversity of high quality, medium-to-long term fixed securities such as government securities and corporate bonds and
notes. It is designed for people with lower than average investment risk tolerance. The fund invests in assets managed by Security Bank. The Fund Management Charge is
1.75% of the fund per year.
FWD PESO STABLE FUND Your nominated allocation to this fund : 0 %

The fund targets long term growth by investing in a balanced diversity of high quality equities listed in the Philippine Stock Exchange and fixed income securities such as
government securities and corporate bonds and notes. The fund invests in assets managed by Security Bank. The Fund Management Charge is 2.00% of the fund per year.
FWD PESO HIGH DIVIDEND EQUITY FUND Your nominated allocation to this fund : 0 %

The fund targets total returns through income growth and long term capital appreciation by investing in carefully selected equities listed in the Philippine Stock Exchange that
offer high dividend payments. While You are still exposed to the possibility of capital losses given the volatile nature of equities, consistent and high dividend payments help
cushion declines in actual stock prices. The fund invests in assets managed by Security Bank. The Fund Management Charge is 2.00% of the fund per year.
FWD PESO GROWTH FUND Your nominated allocation to this fund : 0 %

The fund is designed to optimize growth over the long term from a diversified portfolio of equities listed in the Philippine Stock Exchange and money market securities. This
fund is suitable for investors with an aggressive risk profile and long investment horizon. You should only invest in this fund if You are willing to accept negative investment
returns. The fund invests in assets managed by Security Bank. The Fund Management Charge is 2.00% of the fund per year.
FWD PESO FIXED INCOME FUND Your nominated allocation to this fund : 0 %

The fund targets long term growth by investing in a diversity of high quality, medium-to-long term fixed securities such as government securities and corporate bonds and
notes. It is designed for people with lower than average investment risk tolerance. The fund invests in assets managed by Bank of the Philippine Islands. The Fund
Management Charge is 1.75% of the fund per year.
FWD PESO BALANCED FUND Your nominated allocation to this fund : 0 %

The fund targets stable long term growth by predominantly investing in high quality government securities and corporate bonds whilst investing a smaller proportion in
carefully selected equities listed in the Philippine Stock Exchange. The fund invests in assets managed by Bank of the Philippine Islands. The Fund Management Charge is
2.00% of the fund per year.
FWD PESO EQUITY FUND Your nominated allocation to this fund : 0 %

The fund is designed to optimize growth over the long term from a diversified portfolio of equities listed in the Philippine Stock Exchange and money market securities. This
fund is suitable for investors with an aggressive risk profile and long investment horizon. You should only invest in this fund if You are willing to accept negative investment
returns. The fund invests in assets managed by Bank of the Philippine Islands. The Fund Management Charge is 2.00% of the fund per year.
FWD PESO EQUITY INDEX FUND Your nominated allocation to this fund : 100.0 %

The fund is designed to achieve income growth and investment returns that closely track the total return of the Philippine Stock Exchange Index (PSEi). This fund is suitable
for investors with an aggressive risk profile and who seeks potentially higher yields from dividends as well as from stock price appreciation. You should only invest in this
fund if You are willing to accept capital losses given the volatility nature of the local equities markets. The fund invests in assets managed by Security Bank. The Fund
Management Charge is 1.50% of the fund per year.

The assets in our Investment Funds are valued using the marked-to-market valuation method on a daily basis. The Unit Prices of the Investment Funds are published weekly
in major newspapers and daily in our website (www.fwd.com.ph).

DISCLOSURES OF CONFLICT OF INTEREST

The fund manager makes investment decisions for the Investment Fund/s based on the circumstances of each Investment Fund and independently of decision made for
other Investment Fund/s. The fund manager may make the same investments for an Investment Fund and one or more other Investment Fund/s. 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 Investment Fund/s. If
this happens, the fund manager will attempt to allocate the investment fairly between the Investment Fund and other Investment Fund/s. Factors the fund manager considers
in allocations include the size and timing of previous allocations, whether the security meets the objectives of the respective portfolios, the relative portfolio size and the rate
of growth of the portfolios.

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, we strongly recommend that you do not purchase or invest in it.

THIS FINANCIAL PRODUCT OF FWD LIFE INSURANCE CORPORATION IS NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC) AND
IS NOT GUARANTEED BY SECURITY BANK CORPORATION.

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FWD.COM.PH
 OTHER IMPORTANT INFORMATION
What are the key risks of my product?
Purchasing a Variable Life insurance product has its advantages and trade-offs. You should understand that Variable Life products are subject to investment risks which
include, but are not limited to credit risk, mark-to-market risk, taxation risk, regulatory risk, liquidity risk and default risk which could affect the value of your Variable Life
Policy. FWD is guided by its Investment Policies and Guidelines in managing these risks however, this does not guarantee investment returns nor protect against capital loss.
To further understand the nature of these risks, please talk to your FWD Financial Solutions Consultant.
Is it possible to terminate my investment and will this incur Charges?
Set for Life 7Pay allows you to withdraw some or all of your Total Account Value however Surrender Charges may apply. If you withdraw all of your Total Account Value, your
Policy will immediately terminate. Doing this may be more disadvantageous than beneficial as you lose potential investment earnings plus the benefits of having life
insurance protection. We recommend that you talk to your Financial Consultant first to explore other options.

Your policy will also terminate if the Total Account Value is no longer sufficient to cover Premium Charges and Insurance Charges. In this case, you may reinstate your Policy
and any Supplementary Benefits within three (3) years if you satisfy our Reinstatement requirements.
Other important information I need to know.
Should you need further information, you may contact FWD Life Insurance Corporation at the address shown on Page 1.

DEFINITION OF INVESTMENT RISKS

Credit Risk
This risk refers to the probability that a counterparty to an investment may not be able to fulfill its obligations accordingly, resulting to an adverse effect on the value of a
money market or debt security such as a bond.
Interest Rate Risk
This risk refers to the possibility that the value of an investment with holdings in fixed-income securities such as bonds may rise and fall as interest rates change. When
interest rates fall, the value of an existing bond rises. On the contrary, when interest rates rise, the value of an existing bond generally falls.
Liquidity Risk
This risk refers to the possibility that assets or securities cannot be bought or sold within a desired time and/or at fair value, which in turn may affect the value of an
Investment Fund or affect FWD's ability to satisfy the investment purchase and redemption requests of its Owners.
Mark-to-Market Risk
This risk refers to the probability that the market value of an investment will rise or fall based on overall 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.
Regulatory Risk
This risk refers to the probability that certain laws and regulations applicable to investments, including income tax and securities laws, and the administrative policies and
practices of regulatory authorities may change in a manner that adversely affects the value of an investment.
Taxation Risk
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 or
redemption date of an investment. For more information on the effects of tax on the acquisition, ownership or liquidation of Investment Funds, you should consult a personal,
independent tax adviser.

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FWD.COM.PH