Beruflich Dokumente
Kultur Dokumente
510 - 8940239
Traditional Variable
LAST NAME
Notes
ELAN
Residence Address
PUROK TALISAY BRGY TUYAN MALAPATAN SARANGANI PROVINCE 9516 shall be used as default
mailing address
BUSINESS ADDRESS (PLS. INCLUDE NO., STREET, CITY, PROVINCE ) ZIP CODE
0 639270772550
6325267968 HYDOEJAMESELAM@YAHOO.COM
LAST NAME
Notes:
FIRST NAME
Accomplish only if
Proposed Owner is
different from Proposed
MIDDLE NAME
Insured.
Residence Address
shall
be used as default
IF WORKING ABROAD, STATE THE COUNTRY
mailing address
RESIDENCE ADDRESS (PLS. INCLUDE NO., STREET, CITY, PROVINCE ) ZIP CODE
BUSINESS ADDRESS (PLS. INCLUDE NO., STREET, CITY, PROVINCE ) ZIP CODE
Secondary Beneficiaries
are entitled to the
benefits if no Primary
Beneficiary survives
Application For Life Insurance Application Number R 27565-201804240642-2-02
5. SUPPLEMENT DETAILS
3. 7.
4. 8.
Application For Life Insurance Application Number R 27565-201804240642-2-02
10. DECLARATION OF PROPOSED INSURED and OWNER (if Payor's Clause is applied for)
8. For Female Applicant Only Yes No Yes No If yes, how many months?
Are you currently pregnant? Any complications?
Disclosure: In accordance with the Insurance Commision’s Circular Letter No. 2016-54, your medical information will be uploaded to a Medical Information Database accessible to life insurance companies for the purpose of
enhancing risk assessment and preventing fraud. Once uploaded, all life insurance companies will only have limited access to your information in order to protect your right to privacy in accordance with law. A copy of Circular
Letter No. 2016-54 may be accessed at the Insurance Commission’s website at www.insurance.gov.ph.
Replacing an existing life insurance with a new one is in most cases disadvantageous as you might be confronted with a loss of financial
benefits or higher premiums in the new plan. Before you decide to replace a policy, ensure that you have full information of both policies.
Is this Policy replacing another policy with AXA or any other insurance company? Yes No
1. Before signing this Application, I/we have read the same carefully and the questions were fully explained to me/us in a
language/dialect which I/we understand.
2. The answers or statements made in this Application and those that I/we made in the Full Medical Report and any other document
attached thereto, are complete, true and correctly recorded and shall form part of and be the basis of the insurance contract herein
applied for. Failure to make a full disclosure renders the contract voidable.
3. I/We understand that the designated Contingent Owner (if any) will automatically become the new Owner of this policy or in the event
that I/we have not designated a Contingent Owner, I/we understand that the Insured shall automatically become the new Owner of
the Policy in the event that the Owner predeceases the Insured while the Policy is inforce.
Application For Life Insurance Application Number R 27565-201804240642-2-02
4. I/We declare that I/we am/are aware of the consequences of a minor beneficiary designation as follows: (a) that a minor, if designated
irrevocable, is still unable to give a valid consent to any transaction on the policy; where such consent is required, the minor would need
representation by a guardian appointed by the court when transactions like policy loan, surrender, changes in benefit, etc. are applied for
under the policy: (b) when a death claim is filed under the policy, whether the minor is a revocable or irrevocable beneficiary, a court
appointed guardian and guardian’s bond may be required.
5. All the information I/we provided on this application from are to the best of my knowledge true and correct.
6. Any of my/our personal information collected or held by AXA Philippines (whether contained in the application/s or otherwise), may be used
in connection with matching for whatever purpose with such other personal information and/or may be used, stored, disclosed, transferred
(whether within or outside the Philippines) to such persons as AXA Philippines may consider necessary, including without limitation but not
limited to any of its affiliated or related companies, or any individuals/organizations/corporations/entities associated with AXA Philippines:
a. to process and deal with my application/policy;
b. to provide all services related to my application/policy, to promote other products/services by AXA Philippines and its affiliated or
related companies/entities, and to process my information for product development and for marketing purposes;
c. to communicate with me for any purpose and/or to comply with the laws of any applicable jurisdiction.
7. I/We have the right to request access to and correct any of my personal information held by AXA Philippines. I/We understand that such
request may be made in writing and submitted to the Policy Services Unit of AXA Philippines.
8. I/We understand that AXA shall use my/our personal information to evaluate and assess my/our application and need for life insurance and
investments, as well as to service any of my/our policies and needs including the evaluation of any future claims. I/We also authorize AXA
to disclose to any person or entities providing services on AXA’s behalf consistent with the purpose for which the information was obtained.
9. I understand that notices related to my policy may be sent to me through mail, email or SMS in the address/number I provided above.
10. I/We declare that I/we have informed AXA of all my/our citizenships, residencies and tax residencies, and provided AXA with my/our
taxpayer identification number(s). I/We agree to promptly update AXA of any changes to said information. I/We authorize AXA to disclose
my/our personal information to any government or tax authority (within or outside the Philippines) for the purposes of ensuring AXA's
compliance with applicable laws and regulations. I/We agree that AXA shall have the right to: (a) require the claimant(s) and/or payee(s) of
the Policy to provide AXA with their above-mentioned personal information and/or sign such documents as AXA may reasonably require;
(b) and disclose said personal information to any government or tax authority (whether within or out of the Philippines) for the purposes of
AXA's compliance with applicable laws and regulations. If I/we fail to any of the above-mentioned acts, I/we agree that AXA may provide
my/our personal information to such government or taxation authority(ies) to comply with the applicable laws and regulations.
11. The amounts invested have been declared to relevant tax authorities and none of it was derived, directly or indirectly, from illegal activities
or sources and/or tax evasion. If required by the proper tax and/or other governmental authorities, AXA Philippines may, in its discretion,
disclose certain information about me/us or about my policy.
12. I/We hereby authorize any person, physician, clinic, hospital, insurance company, or other organization, insurance association, institution,
that has any record or knowledge of my/our health and/or financial information to disclose or release to AXA Philippines or its authorized
companies and their affiliates any medical information sharing facility of the insurance industry, or any government agency requiring such,
for any legitimate purpose, including underwriting and administration of insurance coverage and claims.
13. I/We authorize AXA Philippines to request and obtain from third parties, whether government agencies or private entities, any information
concerning me/us relevant to this application, including medical or financial information.
14. In case of apparent errors or omissions in this Application, or if AXA Philippines is unwilling to issue the policy applied for, AXA Philippines
may amend this Application by noting the change in the space entitled “Home Office Endorsement” and issue the policy on the basis of
such amended Application, and acceptance of such policy by me will ratify such amendment.
15. There shall be no contract of insurance unless and until a policy is issued on this Application and the full first premium of the basic life
insurance and any special benefit applied for, according to the mode of payment specified in answer to Part 7, is actually paid during the
lifetime and good health of the Proposed Insured.
16. I/We have read and fully understood the Life Insurance Proposal (or the illustration of benefits) for the policy applied for.
17. An electronic copy of this application (i.e. scanned or faxed) shall be binding to me/us and shall be considered as good as the original
manually signed document. I/We will inform the Company of any discrepancy between the electronic copy and the original as soon as
possible, and I/we understand that absent any correction within a reasonable period, the Company is entitled to rely on the electronic copy
exclusively.
18. I/We understand that Inflation Index Endorsement (IIE), if included in the Life Insurance Proposal, will be applied at each Policy
Anniversary. I further understand that IIE means that with no further proof of insurability and with a minimal additional premium, my
insurance protection will be increased to ensure that the basic sum insured will be maintained against inflation. I/ We also understand that I
can choose not to avail of IIE by informing the Company via email, call or advise through my/our distributor.
19. Other agreements pertaining to Variable Life Insurance products:
a. My/Our Fund Allocation instruction, if applicable, is based on my/our own judgment and I/we have not relied on any advice provided by
the Advisor/FE;
b. I/We am/are fully aware that, if applicable, relevant policy charges, e.g. bid-offer spread, premium charge, asset management charge,
will be imposed on the policy that will be issued;
c. I/We fully understand that a variable life insurance product involves risk. Value of units in Investment Funds may rise or fall. The
benefits payable under such product are linked to the performance of the Investment Funds according to my Fund Allocation
Instruction;
d. I/We fully understand that if this application is cancelled by written notice, signed and sent by me/us directly to and received by the
New Business and Underwriting Department of AXA Philippines before it is approved, I/we can refund all the premium deposits paid
by me/us and received by AXA Philippines. If such notice is received by the New Business and Underwriting Department of AXA
Philippines after the application is approved, the amount of refund shall be equal to the market value of its units including initial
charges; and
Application For Life Insurance Application Number R 27565-201804240642-2-02
e. I/We understand that I have the right to cancel the policy to be issued during the cooling-off period provided therein and obtain a refund
equal to the market value of units including the initial charges thereof by giving a written notice and returning the policy. Such notice must
be signed and sent by me/us directly to and received by Customer Experience of AXA Philippines within 15 days from my/our receipt of the
policy.
20. In the event of the Insured’s death prior to his/her attaining the age of four (4) years and six (6) months:
a. the amount payable under the Policy shall be in accordance with the following schedule:
Age at Death Amount Payable Death Benefit Payable
(nearest birthday) (Variable Life Policy) (Traditional Life Policy)
Less than 6 months 50% of the Sum Insured, or the Account Value, whichever is higher 50% of the Sum Insured
1 year 60% of the Sum Insured, or the Account Value, whichever is higher 60% of the Sum Insured
2 years 70% of the Sum Insured, or the Account Value, whichever is higher 70% of the Sum Insured
3 years 80% of the Sum Insured, or the Account Value, whichever is higher 80% of the Sum Insured
4 years 90% of the Sum Insured, or the Account Value, whichever is higher 90% of the Sum Insured
b. If the Guaranteed Insurability Endorsement is attached to the Policy, the amount payable shall be the Death Benefit applicable in the
Guaranteed Insurability Endorsement, provided that the Insured’s death is due to causes other than a Covered Injury as defined in such
endorsement.
c. The total amount of Death Benefits payable from the Policy and other in force policies and/or supplementary contracts issued by AXA
Philippines shall be subject to the maximum aggregate juvenile limit set by AXA Philippines and prevailing at the time the Policy was
issued. Should the total Death Benefits payable from the Policy and from all other in force policies and supplementary contracts issued by
AXA Philippines covering the Insured exceed the limit, then the benefit under the last policy(ies) or supplementary contract(s) which gave
rise to the excess shall be correspondingly reduced and a proportionate refund of the Premiums paid on such portion of the benefit shall be
made to the Owner, without interest.
d. Benefits will still be subject to the Minimum Death Benefit as stated on the variable life insurance contract which will be issued to You. For
a single premium variable life insurance contract, this is equal to 125% of Single Premium paid, plus 125% of each subsequent top-up
premiums, if any, less 125% of each partial withdrawal, if any. Additionally, for a regular-pay variable life insurance contract, this is equal to
500% of the annual premium paid, plus 125% of each subsequent top-up premiums, if any, less 125% of each partial withdrawal, if any.
I/We, hereby permit AXA Philippines to call me/us to clarify or gain further information regarding any matter pertaining to the assessment and
processing of my/our application for life insurance.
I / We understand that:
I / We may be contacted at any of the contact numbers declared in the application form.
1. I declare that the proceeds of this application/policy once deposited to the account aforementioned shall be equivalent to payment
to me directly of the same and I shall render AXA Philippines, its successors-in-interests and assigns, including its directors,
officers, employees and agents, free and harmless from any further claim, demand or action whatsoever, which in law or equity I
ever had, now have, or which I, my successors and assigns hereafter may have under this said application/policy.
2. I declare that in the event the account aforementioned is owned by person other than me, the account owner is my relative and
that I had sought his/her consent to use his/her account to facilitate the payment to me of the proceeds of this application.
3. I understand that should the proceeds be credited to a non-Metrobank account, corresponding fees shall be charged to my
account.
4. I/We, the undersigned, also take full responsibility in the accuracy of the account name and number indicated above. Should
there be any error(s) in the information, I/We understand that this will result to delays in the crediting of the policy proceeds and
I/We shall bear the consequences.
5. Before signing this declarations and agreements, I have read and understood all declarations and agreements which are hereby
given and made willingly and voluntarily and with full knowledge of my rights under the law.
Application For Life Insurance Application Number R 27565-201804240642-2-02
**(If this form was filled out by an Advisor/FE) I certify that I have acted under the direction and authority of the Owner and
that the Owner and/or Proposed Insured signed this Application Form in my presence.
Code: Code:
42621 4 27565
Signature: Signature:
1. The information provided in the application form are accurate and complete;
2. I shall make known to the Company any and all factors which, if known to the Company, may result in an applicant
receiving rated or no coverage at all;
3. Any additional information that shall be required by the Company in order to determine any particular application shall
be provided on a timely basis; and
4. I have physically seen the persons who are being insured by the Policy Owner.
Cardholder's Name:
Contact Number(s)
of Cardholder: Policy Number:
Visa Spouse Sibling (To be signed by the Policy Owner if different from Cardholder)
Signature over printed name of Cardholder Signature over printed name of Policy Owner
I authorize AXA Philippines to charge my premiums to my credit card account as indicated in the Credit Card
EnrollmentForm. I understand that the Policy will not be inforce until I have made the first premium payment. I hereby
authorize AXA Philippines to initiate and the card company to effect, charge entries to my account for payment of
premiums due from the above-captioned policy. The Bank/card company is hereby authorized to disclose to AXA
Philippines such information as may be necessary to implement this payment arrangement. I understand that only the
account’s cleared and available balance shall be charged. In the event that there is insufficient balance, AXA Philippines
may initiate debit charges against my credit card account as it deems necessary and at its sole discretion. If no payment
was charged from the account due to insufficient balance, termination of account or other reason as advised by the card
company, AXA Philippines shall not consider the premium due from the above policy to have been paid and AXA
Philippines shall have the recourse to collect directly from me or terminate my policy should I fail to settle the premium
within the grace period. I further understand and agree that constant unsuccessful debiting of my account due to
insufficiency of funds shall be a valid ground for the immediate cancellation of this payment arrangement even without
prior notice.
I also understand that I may withdraw from this premium payment arrangement effective 30 days after receipt by AXA
Philippines of a written notice of withdrawal.
I agree to promptly inform AXA Philippines of any changes in my credit card information, e.g. new card number, new
expiry date, etc. I understand that AXA Philippines will effect the changes 30 days after my notice.
Reminders
1. Credit Card Number must be 16 digits.
2. Official Receipt date for succeeding payments shall be equal to the date when electronic payment posting is
done,usually within 3 days from charge date.
3. Billing cycle: policies with 1-15 as Effective Date shall be charged every 5th of the month while those with 16-28
as Effective Date, shall be charged every 20th of the month. If the 5th or 20th falls on a holiday, the debit
transaction will be done on the next banking day.For rejected billings due to insufficient balance, we will initiate
rebilling efforts in an objective to keep your policy inforce.
4. No premium notice shall be issued to policies enrolled in the Auto-charge facility.
Application For Life Insurance Application Number R 27565-201804240642-2-02
TERMINATION OF TEMPORARY LIFE INSURANCE COVERAGE ON THE LIFE INSURED WILL BE THE NEAREST OF THE FOLLOWING:
(a) The date a termination notice is sent by AXA Philippines to the Applicant;
(b) The date the policy is issued as a result of the Application being approved;
(c) The date of termination as requested by the Applicant;
(d) The date of death of the Proposed Insured; and
(e) Sixty (60) days after signing this Application.
SUICIDE: If the life insured dies by suicide, the pertinent provisions of the Insurance Code shall apply. Where no insurance money is payable, the
amount paid with the Application will be refunded. No Advisor/Financial Executive has the authority to modify the terms of this Certificate.
IMPORTANT NOTICE
The Insurance Commission, with offices in Manila, Cebu and Davao, is the government office
in charge of the enforcement of all laws related to insurance and has supervision over insurance
providers and intermediaries. It is ready at all times to assist the general public in matters pertaining to
insurance.
For any inquiries or complaints please contact the Public Assistance and Mediation Division (PAMeD)
of the Insurance Commission at 1071 United Nations Avenue, Manila
with telephone numbers +632-5238461 to 70 and email address pubassist@insurance.gov.ph.
The official website of the Insurance Commission is www.insurance.gov.ph.
Proposed Insured:
Mr. HYDOE JAMES BAGON ELAN
Age 26, Male, Non-smoker
Policyowner or Payor:
Mr. HYDOE JAMES BAGON ELAN
Age 26, Male
Thank you for your interest in AXA products. Life BasiX is a regular-pay variable life insurance product that addresses life's essential
needs for basic protection with opportunities for long-term investment. But unlike most investments, it provides multiple benefits as
follows:
KEY BENEFITS:
1. Guaranteed Death Benefit equivalent to at least 500% of the annual premium if no withdrawal is made.
2. Potential upsides from the portion of the premium placed in bonds, equities and/or money market instruments, depending on your
risk appetite.
3. Guaranteed loyalty bonus as a reward for keeping your investments with AXA.
For a premium of PHP 60,180.00 annually, you get to enjoy the following benefits:
BENEFITS
For You For Your Loved Ones
(Living Benefits) (Death Benefits)
Notes:
1. The values above are based on the projected performance of your chosen fund/s. Since the fund performance may vary, the values of your
units are not guaranteed and will depend on the actual investment performance at that given period. The illustrated returns on investments
are based on assumed annual rates of 4%, 8%, and 10%. These rates are for illustration purposes only and do not represent maximum or
minimum return on your fund.
2. If after purchasing the variable life insurance contract, you realize that it does not fit your financial needs, you may return the
contract to AXA Philippines within 15 days from the time you receive it. AXA Philippines will return to you the account value, the
bid-offer spread, and all initial charges.
3. Any withdrawal from the Living Benefit will correspondingly reduce the Death Benefit payable.
This is not a deposit product. Earnings are not assured and principal amount invested is exposed to
risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly
explained. If you do not fully understand this product, do not purchase or invest in it.
SPECIAL FEATURES
Top-up Subject to the rules set by AXA Philippines from time to time, you have the option to increase the
benefits of your Policy by paying additional premiums on top of your regular premium which will
be used to buy more units on your chosen investment fund(s).
Premium Holiday Premiums are paid throughout the life of your Policy, but you have the option to suspend
payment anytime as long as the Account Value is sufficient to cover these.
Loyalty Bonus As long as your Policy remains in force, a 5% Loyalty Bonus will be paid on the 15th and 25th
year to increase your Account Value. The Bonus will be equal to 5% of the average of the month-
end Account Values for the last 120 months.
Inflation Link You have the option to increase your insurance protection, with no further proof of insurability, at
a minimal cost of insurance deduction on each anniversary of your Policy, before age 60 with the
Inflation Index Endorsement (IIE). This also does not require that you provide further proof of
insurability. The amount by which you can increase your coverage is based on the current
Consumer Price Index subject to a minimum that AXA Philippines may determine from time to
time.
The succeeding pages of this proposal provide more details on the benefits and features of Life BasiX.
Again, thank you for your interest in AXA products. If you have questions, please call me at the number specified below, or call the AXA
Philippines Customer Care Hotline at Tel Nos: (02)5815-292 or (02)3231-292.
Life BasiX is a regular-pay variable life insurance product where a portion of the premiums, net of the company’s charges, is invested
into your choice of funds. Subject to the rules set by AXA Philippines from time to time, you can increase your investment anytime by
paying top-up premiums, but the value of the funds (and your policy benefits) may go up or down depending on market conditions. The
death benefit option you have elected is Level. The minimum Death Benefit in this proposal is PHP 300,9001.
Below are important details of the proposal along with how your investment will be allocated between the available funds. You may
change this allocation anytime depending on your investment goals and/or risk appetite.
Basic Plan and Supplements Cover up to Age Sum Insured (PHP) Annual Premium (PHP)
Basic
Life BasiX 100 1,500,000 60,180.00
Total² 60,180.00
Notes:
1. This is the minimum Death Benefit at policy inception. The minimum Death Benefit for any policy year is equal to 500% of the annual regular Life Basix premium, plus
125% of each paid top-up premium, if any, less 125% of each partial withdrawal, if any.
2. Premiums for all products are payable up to termination age. For the premium term of the supplement/s, if any, please refer to the supplement definition indicated in
the "Summary of the Riders Attached to this Proposal".
3. See Product Notes for description of the funds.
ILLUSTRATION OF BENEFITS
The illustrated benefits of your policy (subject to actual market performance) are shown below.
ILLUSTRATION OF BENEFITS
Total Cumulative Regular
End of 4.00 % Rate of Return 8.00 % Rate of Return 10.00 % Rate of Return
Basic Premium, Rider
Policy
Premiums and Top-up, if
Year Living Benefit Death Benefit Living Benefit Death Benefit Living Benefit Death Benefit
any, Paid
1 60,180 31,704 1,500,000 33,050 1,500,000 33,724 1,500,000
2 120,360 64,775 1,500,000 68,853 1,500,000 70,934 1,500,000
3 180,540 99,289 1,500,000 107,657 1,500,000 112,010 1,500,000
4 240,720 135,296 1,500,000 149,701 1,500,000 157,343 1,500,000
5 300,900 172,878 1,500,000 195,274 1,500,000 207,392 1,500,000
10 601,800 501,256 1,500,000 616,039 1,500,000 683,892 1,500,000
15 902,700 933,721 1,500,000 1,278,513 1,500,000 1,502,796 1,502,796
20 1,203,600 1,443,585 1,500,000 2,233,545 2,233,545 2,797,451 2,797,451
25 1,504,500 2,143,733 2,143,733 3,749,248 3,749,248 5,023,888 5,023,888
30 1,805,400 2,924,389 2,924,389 5,864,673 5,864,673 8,468,205 8,468,205
35 2,106,300 3,874,177 3,874,177 8,972,926 8,972,926 14,015,313 14,015,313
40 2,407,200 5,029,739 5,029,739 13,539,970 13,539,970 22,948,984 22,948,984
45 2,708,100 6,435,657 6,435,657 20,250,456 20,250,456 37,336,752 37,336,752
50 3,009,000 8,146,172 8,146,172 30,110,362 30,110,362 60,508,395 60,508,395
55 3,309,900 10,227,274 10,227,274 44,597,797 44,597,797 97,826,559 97,826,559
60 3,610,800 12,759,253 12,759,253 65,884,594 65,884,594 157,927,834 157,927,834
This illustration shall form part of the insurance contract once the Policy is issued.
The following table is an example of the impact of a premium holiday at year 10 and/or withdrawals from the fund assuming different
rates of return. However, note that the rates of return are for illustration purposes only. They are not based on past performance nor
guarantee future returns.
The contract term is specified in the illustration of benefits in this proposal. Please refer to the assumptions below used in the above
example.
Other Assumptions:
1. This example assumes that all premiums shown in the above table are paid in full when due and as planned with no premium holiday in the first
10 policy years. It assumes the current scale of charges remains unchanged.
2. A loyalty bonus estimated to be 5% of the average Account Value from 6th to 15th policy years on the 15th year, 5% of the average Account
Value from the 16th to 25th policy years on the 25th year is included in this illustration. The bonus will be equal to 5% of the average of the
month-end Account Values over the last 120 months.
3. The proposed policy charges used in this illustration summary are based on the standard risk class without taking into account your own
circumstances (e.g. occupation and health condition, etc). Risk class will be determined according to our underwriting guidelines. The
investment gains/risks associated with this plan are solely to your account.
Product Notes
1. Life Basix is a regular-pay variable life insurance plan. Only the minimum Death Benefit is guaranteed while the Policy is in-force. The
rest of the benefits, namely the partial and full withdrawal values and the actual Death Benefit at time of death, all depend on the
investment experience of separate account(s) linked to the Policy.
Under the INCREASING DEATH BENEFIT OPTION, your beneficiaries will receive the Policy Sum Insured plus the Account Value at time
of death. While under the LEVEL DEATH BENEFIT option, your beneficiaries will receive the Policy Sum Insured less the partial
withdrawals made for the past twelve (12) months, or the Account Value at time of death, whichever is higher.
2. The living benefits shown in the illustration summary are equal to the Account Value of the Policy.
3. The client may choose from the following funds. If client chooses to invest in more than one fund, a minimum allocation of 10% on
one fund is required. The total allocation should always be 100%.
a. Philippine Wealth Bond Fund - This Bond Fund is an actively managed fixed income fund that seeks to capitalize on
capital and income growth through investments in interest-bearing securities issued by the Philippine Government and
money market instruments issued by banks.
b. Philippine Wealth Balanced Fund - This Balanced Fund is designed to achieve long-term growth through both interest
income and capital gains with an emphasis on providing a modest level of risk. It seeks to manage risk by diversifying asset
classes and industry groups through investment in bonds issued by the Philippine government and equities issued by
Philippine corporations comprising the Philippine Stock Exchange Index.
c. Philippine Wealth Equity Fund - This Equity Fund seeks to achieve long-term growth of capital by investing mainly in
equities of Philippine corporations comprising the Philippine Stock Exchange Index. The fund aims to provide access to a
diversified portfolio of equities from different industries.
d. Opportunity Fund - This equity fund aims to achieve long term growth through capital gains and dividends by investing in
equities of Philippine corporations that will provide access to a diversified portfolio of equities from different industries.
e. Chinese Tycoon Fund - This equity fund aims to achieve medium to long term growth through capital gains and dividends
by investing in equities that will provide access to a management themed-portfolio reflective of the Chinese-Filipino
entrepreneurial spirit through strategic investments in Philippine companies from different industries.
f. Spanish American Legacy Fund - This equity fund aims to achieve medium to long term growth through capital gains and
dividends by investing in equities that will provide access to a management themed-portfolio through strategic investments
in Philippine companies from different industries with Spanish/American heritage.
4. The Bid Price of an Investment Fund is the price for cancelling a Unit of the Investment Fund as determined in accordance with the
Valuation provision.
5. The Offer Price of an Investment Fund is the price for creating a Unit of the Investment Fund as determined in accordance with the
Valuation provision.
Attached Supplements
Summary of the Riders Attached to this Proposal
1. The Index-linked Increase Endorsement (IIE) allows you to increase your insurance benefits at the rate of inflation with no
additional medical or processing requirements so you can be sure the value of your benefits cope with future costs.
NOTES:
1. The rates shown, if any, are those currently in effect. The rates applicable upon renewal of the Supplement will be those in effect at the date of
renewal.
2. For a detailed description of the Supplements, including exclusions and other provisions, please refer to the policy contract.
1. It is my understanding that the total premium I am going to pay when I purchase this plan shall consist of the Life BasiX premium, regular
top-up premium, and Supplement premiums shown above, if any. I was also made aware that only the Life BasiX premium and top-up
premiums will be allocated to purchase units of the investment fund/s I will choose.
2. I confirm having read and understood the information in this proposal. My Financial Advisor/Financial Executive fully explained to me the
features and charges that will be made on my plan, and that the actual variable plan benefits will reflect the actual investment experience of
the separate account into which my fund is invested. I also confirm that I will fully assume all investment gains / risks associated with the
purchase of this plan.
Acknowledgment of Variability
Variable Life Insurance Plan
I acknowledge that:
I have applied with AXA Philippines for a Variable Life Policy, and have reviewed the illustration(s) that shows how a variable life insurance
policy performs using AXA Philippines’ assumptions and based on Insurance Commission’s guidelines on interest rates.
I understand that since 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.
Product Transparency Declaration
By signing off on the items listed below, I acknowledge that the same have been discussed with and thoroughly explained to me.
· I understand that I am buying an investment-linked insurance product.
· I understand that the principal and earnings are not guaranteed and that the value of my unit investment (NAVPU) may go up or down depending on
the performance of the separate funds.
· I understand that the funds will be invested in Equities and/or Bonds or a combination thereof, and will be subject to changes in market conditions.
· The available funds and the risks that they bear have been thoroughly discussed with me, and I have made my Fund Allocation decision based on my
own judgment of and tolerance for these risks.
· I understand that this product is appropriate for a long-term investment horizon.
· I understand that I will have zero (0) withdrawal value during the first two (2) years of the policy because the amount withdrawn will be subject to
100% surrender charge on the first two (2) years.
CONFORME: These declarations and acknowledgments are made with the knowledge of
the AXA representative whose signature appears below:
The Company adopts a Conflict of Interest Policy and undertakes to disclose any material information which gives rise to actual or potential conflict of interest to
our customers. Company likewise takes all reasonable steps to ensure fair dealings with our customers.
General Disclaimer
All information and opinions provided are of a general nature and for information purposes only. The information and any opinions herein are based upon
sources believed to be reliable. AXA Philippines, its officers and directors make no representations or warranty, expressed or implied, with respect to the
correctness, completeness of the information and opinions in this document. Investment or participation in the Fund(s) is subject to risk and possible loss of
principal. Please carefully read the policy and endorsements and consider the investment objectives, risks, charges and expenses before investing. You should
seek professional advice from your financial, tax, accounting or legal consultant before making an investment. Past performance is not indicative of future
performance.
THIS FINANCIAL PRODUCT OF AXA PHILIPPINES IS NOT INSURED BY THE PHILIPPINE DEPOSIT
INSURANCE CORPORATION (PDIC) AND IS NOT GUARANTEED BY METROBANK OR PS BANK.
- You understand that investing allows for higher returns than savings, but there is a risk that your investments
might yield negative returns and the value of your investments can even be lower than the amount you
invested
- You understand that diversifying your investments over different equity funds and bond funds reduce the
volatility of the average annual returns on your investments
- You understand that a market can be volatile and that a longer holding period in general reduces the risk of
negative average annual returns
- You prefer the possibility of a higher average annual return on your investments even if this means that there
is a probability of higher negative return in any given year.
I acknowledge that the descriptions above match the risk profile of my intended investment portfolio. I also
acknowledge that the recommended fund allocation ranges resulting from my investment portfolio risk profile is only
intended as reference to help me assess my investment portfolio’s risk appetite and investment objectives.
WAIVER FOR RISK PORTFOLIO RE-CLASSIFICATION (For Clients Investing in Products with Different Risks)
I waive the results of my investment portfolio risk profile assessment and have decided to invest instead in another
investment fund or a combination investment funds which falls outside of the recommended fund allocation ranges
indicated by my investment portfolio risk profile.
I acknowledge that my fund allocation represents the Investment Policy of my portfolio. I have carefully read and
understood the investment objective(s) of my selected fund(s) as well as the risk(s) that it(they) bear(s).
Conforme:
Thank you for providing us with relevant information with regards to your financial needs.
Based on your current financial situation, which includes, among others, your personal
monthly gross income of 80,000.00, and after taking into consideration your objectives, risk
profile and priorities, you have selected Life BasiX for your Income Protection need.
The details of your insurance coverage and your insurance premium are summarized in your
Life BasiX sales illustration.
This document is not intended to be a part of your sales illustration of your application form. This is a
summary of the financial needs that you have provided during assessment by your distributor.
Reference Number: 27565-201804240642-2-02
I also understand that this Client’s Declaration Form shall form part of the insurance contract once the
Policy is issued.