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Manulife Peso Affluence Builder is a minimum 5-Pay*** variable life insurance product that allows you to enjoy the rewards frinvesting in any or a combination of professionally-managed investments accounts, while providing you with life long protection.

MANULIFE PESO AFFLUENCE BUILDER'S MAJOR FEATURESDetermine the desired Face Amount depending on your need to help you achieve your financial objectives. Ydecide on your annual basic premium from a minimum amount of PHP 50,000.

Choose the investment account that suits your risk profile. You may choose to invest your premiums partly or entirsubject to allowable fund allocations, in any of several funds. You can even later on switch from one fund to another, subject to applicable rules on fund switching.

Provide yourself with the protection you need. Your beneficiaries shall receive the higher of the policy's Face Amount or Account Value adjusted by all partial withdrawals and top-ups made, subject to minimum death benefit.*

Increase your investment if you wish or simply take advantage of optimistic market trends. Build up your investmthrough additional premiums ("top-ups") anytime.

Withdraw from your account if needed. You may withdraw anytime for any reason, subject to applicable surrender chargminimum withdrawal amount, and minimum remaining fund balance.

Enjoy the reward of keeping your investment with Manulife. Loyalty Bonus equal to 3% of your average fund balancautomatically added to your Account Value starting on the end of the 5th year and every 4 years thereafter, subject to certconditions.**

Check on your investment regularly. The unitized feature of our funds allows you to monitor your investment by checking unit prices daily at www.manulife.com.ph or every Thursday in a major Philippine broadsheet newspaper.

AS THE POLICYOWNER, YOU SHALL SOLELY BEAR ALL THE INVESTMENT RISKS UNDER THIS POLICY

INFORMATIONInsured Edna Pitogo Sex FEMAge 50 Currency Philippine P

YOUR BENEFITSBasic Benefit Face Amount Annual Basic PremManulife Affluence Builder Minimum 5-Pay (DB option 2 (Level Face) - 5x-35x [PESO]) PHP 300,000 PHP 50,000Supplementary Benefits Face Amount Annual Rider PremAccidental Death Benefit (ADB) PHP 300,000 PHP 794Enhanced Critical Illness Rider (ECI) PHP 300,000 PHP 14,814

Total Disability Waiver (TDW) Included PHP 1,850

PREMIUMSPremium Component Annual Semi-Annual Quarterly Mon

Basic Premium + Rider Premiums PHP 67,459.42 PHP 34,211.19 PHP 17,346.34 PHP 5,82Recurring Top-Up Premium PHP 0.00 PHP 0.00 PHP 0.00 PHP

Total Premium PHP 67,459.42 PHP 34,211.19 PHP 17,346.34 PHP 5,82

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 fromdate you received it. We will refund to you the applicable Premium Load, Cost of Insurance, Policy Fee, Rider Premiums and Account Value of ypolicy.

* The minimum death benefit as prescribed by law is 500% of Basic Premium plus 125% of Top-ups less 125% of withdrawals.

** Loyalty Bonus is not guaranteed and excludes funds from Top-Ups.

*** 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 Valinsufficient to pay the charges.

Edna Pitogo 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 ManulifeFinancial 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 inother 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 institutionalcustomers. 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.

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A3JZG215513OLAW This proposal prepared on 01 May, 2015 is valid until 31 May, 2015 Ver. Ph2015.3.39.003.0318AE771263AF031ED0-01 Illustrations are valid only if all illustration pages are included. CE205 - PACK VER2

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Sales Illustration Specially Designed For Edna Pitogo

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 AgeBasic

Premiums TOTAL ACCOUNT VALUE

Low Medium High

FULL WITHDRAWAL VALUE

Low Medium High

TOTAL DEATH BENEFIT

Low Medium High

1 51 50,000 20,712 21,558 21,981 2,071 2,156 2,198 300,000 300,000 302 52 50,000 42,129 44,723 46,046 8,426 8,945 9,209 300,000 300,000 303 53 50,000 93,218 99,679 103,018 23,304 24,920 25,754 300,000 300,000 304 54 50,000 146,616 159,342 166,019 146,616 159,342 166,019 300,000 300,000 305 55 50,000 206,083 228,034 239,749 206,083 228,034 239,749 300,000 300,000 30

6 56 0 212,347 244,479 262,029 212,347 244,479 262,029 300,000 300,000 307 57 0 218,862 262,354 286,720 218,862 262,354 286,720 300,000 300,000 308 58 0 225,645 281,808 314,088 225,645 281,808 314,088 300,000 300,000 319 59 0 239,297 310,935 352,921 239,297 310,935 352,921 300,000 310,935 35

10 60 0 247,018 334,558 386,949 247,018 334,558 386,949 300,000 334,558 38

11 61 0 255,097 360,072 424,379 255,097 360,072 424,379 300,000 360,072 4212 62 0 263,561 387,626 465,553 263,561 387,626 465,553 300,000 387,626 4613 63 0 280,112 428,261 523,700 280,112 428,261 523,700 300,000 428,261 5214 64 0 289,866 461,270 574,806 289,866 461,270 574,806 300,000 461,270 5715 65 0 300,148 496,921 631,023 300,148 496,921 631,023 300,148 496,921 63

16 66 0 310,928 535,423 692,861 310,928 535,423 692,861 310,928 535,423 6917 67 0 331,167 592,017 780,001 331,167 592,017 780,001 331,167 592,017 7818 68 0 343,188 638,127 856,737 343,188 638,127 856,737 343,188 638,127 8519 69 0 355,689 687,925 941,146 355,689 687,925 941,146 355,689 687,925 9420 70 0 368,691 741,708 1,033,997 368,691 741,708 1,033,997 368,691 741,708 1,03


The Low, Medium and High values are calculated assuming fund earning rates of 4.00%, 8.00% and 10.00%, respectively, net of Fund ManagemCharges. These rates are used merely to illustrate and do not represent actual year-on-year performance. These scenarios DO NOT represent loweand 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 continuedinsurance coverage, we shall create a policy debt corresponding to the monthly deductions while there is no Account Value, provided that Basicpremiums and Rider premiums due are paid on time and there are no fund withdrawals. This policy debt, accumulated in your account withoutinterest, is extinguished if, and as, the Account Value grows. The policy will not be terminated on account of an outstanding policy debt within t

first 5 years, provided that premiums are paid on time and there are no withdrawals from your account. Any policy debt shall be deducted from tTotal Death Benefit payable.

A non-guaranteed loyalty bonus at the end of the 5th year and every 4 years thereafter is included in the above illustration, if eligible. The loyaltybonus is 3% of the average Account Value for the past 48 months, excluding funds from Top-Up Premiums.

Please refer to Important Illustration Notes for more information.

Edna Pitogo SAGUINDAN,JOSEPHINE,ALZAGA ( 771263)

POLICYOWNER FINANCIAL ADVISER

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CHARGES

This Sales Illustration is based on the following charges:

Premium Charges of 55% on the first policy year and 55% on the second year are deducted from the Basic Premium receivRecurring 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.

Monthly Deductions will be deducted from the Account Value at Unit Price. The illustration is based on annual mode astandard risk class. Actual deductions from the Fund shall be made monthly. The monthly deductions consist of the followi

Policy Fee of PHP 100.00 per month.

Cost of Insurance (COI) which starts at standard annual rate of 5.14 per thousand of amount at risk or PHP 118per 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 withdrawal made, are as follows: 90% on the first policy year, 80% on the second policy year, and 75% on the third policy ye

The company reserves the right to change the charges upon approval of the Insurance Commission and by giving tOwner at least three (3) months notice.

IMPORTANT ILLUSTRATION NOTES


All payments and benefits shown are in Philippine Pesos.

The illustration assumes that the Total Basic Premiums, Rider Premiums and Recurring Top-Up Premiums, if any, are paidfull. Recurring Top-Up Premiums, Lump-Sum Top-Up Premiums and Partial Withdrawals, if any, are at the beginning of tpolicy 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 the Fund Page(s) of this illustration, and surrencharges applicable to the first 3 years of the policy as mentioned above. The surrender charges mentioned do not applyany Recurring Top-Ups or Lump-Sum Top-Ups. Any withdrawals from the Recurring Top-Ups and Lump-Sum Top-Ups 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 tplan 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

its preparation.By signing below, you signify that you have read and understood the disclosures in the illustrations; that yoFinancial Adviser has explained to your satisfaction the principal features of the policy, the manner in which tvariable benefits will reflect the investment experience of the separate investment fund(s), and the guarantees minimum death benefit and maximum charges; that you fully understand that when buying this policy, you aassuming all investment risks associated with it.


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INVESTMENT FUND OPTIONS

INVESTMENT FUND OBJECTIVES ManagementFee

FundAllocatio

Peso Secure Fund

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

1.75% 0%

Peso Diversified Value Fund

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

2.00% 0%

Peso Dynamic Allocation Fund

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

2.25% 100%

Peso Growth Fund

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

2.25% 0%

Peso Cash Fund (for fund switching only)

The Peso Cash Fund aims to deliver returns with low volatility through investments in cashlike instruments. 0.50% NA

HISTORICAL INVESTMENT FUND PERFORMANCEAbsolute Returns (Not Annualized)

Inception Date

2009

2010

2011

2012

2013

2014

Since Inception

Peso Secure Fund

April 14, 2009

*0.90%

12.69%

13.19%

7.38%

12.16%

2.74%

57.40%

Peso DiversifiedValue Fund

April 14, 2009

*8.70%

18.03%

9.51%

12.17%

8.57%

5.93%

80.40%

Peso DynamicAllocation Fund

July 1, 2013

N.A.

N.A.

N.A.

N.A.

*-4.80%

11.53%

6.40%

Peso Growth Fund

April 14, 2009

*33.80%

39.39%

2.47%

36.26%

1.73%

21.40%

226.80%

US Dollar SecureFund

April 14, 2009

*11.50%

9.87%

8.98%

15.28%

-10.14%

8.27%

49.20%

US Dollar AsiaPacific Bond Fund

October 24, 2011

N.A.

N.A.

*-0.90%

8.48%

-5.95%

1.88%

3.00%

US Dollar ASEAGrowth Fund

November 26, 2

N.A.

N.A.

N.A.

*2.70%

-3.99%

13.47%

11.20%

* 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 standingthe issuers and changes in the value of the stocks and dividends received. Further, investments of the Funds may provide that their values be determined bason prices or yields of other securities, instruments or foreign currencies, and such provisions may result in negative fluctuations in the value of these instrumeand, 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 capitalinvested 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 excluof 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 ValuationDate.

• 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

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LOYALTY BONUS ILLUSTRATION


THE RESULTS SHOWN MERELY ILLUSTRATE SCENARIOS AND ARE NOT GUARANTEED

Yr AgeBasic

Premiums

RecurringTop-up

Premiums

Lump SumTop-up

Premiums

Gross PartialWithdrawal LOYALTY BONUS

Low Medium High

1 51 50,000 0 0 0 0 0 2 52 50,000 0 0 0 0 0 3 53 50,000 0 0 0 0 0 4 54 50,000 0 0 0 0 0 5 55 50,000 0 0 0 3,601 3,854

6 56 0 0 0 0 0 0 7 57 0 0 0 0 0 0 8 58 0 0 0 0 0 0 9 59 0 0 0 0 6,579 7,926

10 60 0 0 0 0 0 0

11 61 0 0 0 0 0 0 12 62 0 0 0 0 0 0 13 63 0 0 0 0 7,671 10,876 1 14 64 0 0 0 0 0 0 15 65 0 0 0 0 0 0

16 66 0 0 0 0 0 0 17 67 0 0 0 0 9,027 15,011 1 18 68 0 0 0 0 0 0 19 69 0 0 0 0 0 0 20 70 0 0 0 0 0 0

The Low, Medium and High values are calculated assuming fund earning rates of 4.00%, 8.00% and 10.00%, respectively, net of Fund ManagemCharges. These rates are used merely to illustrate and do not represent actual year-on-year performance. These scenarios DO NOT represent loweand upper limit of fund crediting levels. The values shown are not guaranteed and depend on the actual performance of the fund.

The payment of the Loyalty Bonus is contingent on the fulfillment of the following conditions:

1. All withdrawals made do not exceed all Top-Up premiums paid.2. All basic and rider premiums due in arrears are paid when policy resumes premium payment.3. All basic and rider premiums due in arrears are paid when policy is reinstated.


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SUPPLEMENTARY BENEFITS

Coverage / Benefit

AnnuaPremium

Accidental Death Benefit (ADB)Provides additional coverage if the death occurs through accidental means.

300,000

794

Total Disability Waiver (TDW)

Provides for the waiver of premiums if the life insured becomes totally disabled beforeage 60 and remains so for at least six consecutive months. If total disability occursbetween ages 60-65, premiums will be waived up to age 65 only.

Included

1,850

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SUPPLEMENTARY BENEFITS

Coverage / Benefit

AnnuaPremium

Enhanced Critical Illness Rider (ECI)Provides for the payment of rider coverage if the Insured is diagnosed to be sufferingfrom any of the 35 specified critical illnesses. Payment of critical il lness benefit will notreduce the amount of death benefit. This rider terminates once critical illness benefit isgiven, but basic policy will continue.

300,000

14,814

35 Critical Illnesses

Diseases of the Circulatory System Specific Diseases

1. Myocardial Infarction 19. Cancer

2. Coronary Artery Disease Requiring Surgery 20. Major Organ Transplantation

3. Heart Valve Replacement 21. Coma

4. Surgery to Aorta 22. Terminal Illness

Diseases of the Nervous System 23. Major Burns

5. Stroke 24. Occupationally Acquired HIV6. Benign Brain Tumor Forms of Disability

7. Multiple Sclerosis 25. Paralysis

8. Amyotrophic Lateral Sclerosis 26. Blindness

9. Parkinson's Disease 27. Loss of Limbs

10. Poliomyelitis 28. Loss of Hearing

11. Encephalitis 29. Loss of Speech

Diseases of the Excretory System 30. Total and Permanent Disability

12. Kidney Failure Disease of the Respiratory System

13. Medullary Cystic Disease 31. End-Stage Lung Disease

Diseases of the Muscular System Diseases of the Digestive System

14. Muscular Dystrophy 32. Chronic Liver Disease

15. Progressive Bulbar Palsy 33. Chronic Relapsing Pancreatitis16. Progressive Muscular Atrophy Collagen Diseases

17. Hemolytic Streptococcal Gangrene 34. Severe Rheumatoid Arthritis

Hematology-Related Disease 35. Systemic Lupus Erythematosus

18. Aplastic Anemia

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ILLUSTRATION OF GUARANTEED RIDER CASH VALUES


Year Age Accidental Death Benefit Enhanced Critical Illness Rider Total

1 51 0.00 0.00 0.00 2 52 300.00 3,600.00 3,900.00 3 53 600.00 16,800.00 17,400.00 4 54 1,200.00 30,300.00 31,500.00 5 55 1,500.00 41,400.00 42,900.00

6 56 1,500.00 41,400.00 42,900.00 7 57 1,500.00 41,400.00 42,900.00 8 58 1,200.00 40,800.00 42,000.00 9 59 1,200.00 39,900.00 41,100.00

10 60 1,200.00 39,000.00 40,200.00

11 61 1,200.00 37,500.00 38,700.00 12 62 1,200.00 35,700.00 36,900.00 13 63 900.00 33,600.00 34,500.00 14 64 900.00 30,900.00 31,800.00 15 65 900.00 27,300.00 28,200.00

16 66 600.00 22,500.00 23,100.00 17 67 600.00 16,200.00 16,800.00 18 68 300.00 9,600.00 9,900.00

19 69 300.00 2,100.00 2,400.00 20 70 0.00 0.00 0.00

Important Illustration Notes:* Only rider/s with guaranteed cash values appear in this particular illustration.

* Enhanced Critical Illness rider terminates on the 20th year.

* Accidental Death Benefit rider terminates upon attainment of Age 70 of the Insured.

Edna Pitogo SAGUINDAN,JOSEPHINE,ALZAGA ( 771263)

POLICYOWNER FINANCIAL ADVISER

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Applicant : Edna Pitogo

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 theillustration(s) that shows how a variable life insurance policy performs using the company's assumptions and based on InsuranceCommission'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 actualperformance at that given period and that the value of my policy could be less than the capital invested. The unit values of my Variable LInsurance 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 keepmy policy from termination, I may be required to put in additional top-up premiums when the Account Value becomes insufficient to covethe policy charges.

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

Edna Pitogo 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 principafeatures of the policy, the non-guaranteed components, the manner in which the variable benefits will reflect the investment experience othe separate investment fund(s), and the guarantees on minimum death benefit and maximum charges. I also understand that theillustration is valid only for one (1) month from print date and that any alteration shall invalidate this illustration.

Edna Pitogo Date

POLICYOWNER

Agent's Attestation: This illustration has been presented to the Policyowner unaltered. The Policyowner has been told that values thare not guaranteed are subject to change; and no statements have been made that are inconsistent with the illustration.

SAGUINDAN,JOSEPHINE,ALZAGA(771263) Date

FINANCIAL ADVISER

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A3JZG215513OLAW This proposal prepared on 01 May, 2015 is valid until 31 May, 2015 Ver. Ph2015.3.39.003.0318AE771263AF031ED0-01 Illustrations are valid only if all illustration pages are included CE205 - PACK VER2

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PROP_AE771263AF031ED0 (1)