An Insurance Proposal specially designed for:

Insured: LETICIA ORDOO VALLEJOS

Age 53, Female, Standard Plan Information: Basic:
A subsidiary of Allied Banking Corporation An affilliate of Philippine National Bank

BIDA! 10
A convenient 3 years to pay, 10 years to mature savings and protection plan.

Page 1 of 2

Riders:
1

Waiver of Premium Rider

Printed on 4/18/2012
PROPOSAL REF NO: Q3ME1P6BNA-BS000RS

COVERAGE AND PREMIUM SUMMARY

Type of Coverage Benefit Amount Modal Premium (Annual) Years Payable

Basic Plan Waiver Rider Accident Rider

1,000,000.00 255,130.00 n/a TOTAL MODAL PREMIUM: ANNUALIZED PREMIUM

255,130.00 2,398.22 n/a 257,528.22 257,528.22

3 3 n/a

SNAPSHOT OF BENEFITS AT AGE 63

For You (Living Benefits at the end of Policy Year 10) Guaranteed Maturity Benefit 1,000,000 For Your Beneficiaries (Death Benefits at the end of Policy Year 10) Guaranteed Death Benefit 1,000,000

TOTAL LIVING BENEFITS

1,000,000

TOTAL DEATH BENEFITS

1,000,000

DID YOU KNOW THAT YOUR PREMIUMS MAY CHANGE IF:

- you choose OTHER MODES?
Premium Mode Annual Semi-Annual Quarterly Monthly NA Modal Premium 257,528.22 135,202.32 70,820.26 Annualized Premium Please sign here if you want to change your premium mode:

- OR if you purchased this insurance a year ago? Annual Premium - Age 52, Female, Standard

254,140.00

257,528.22 *** This mode is currently illustrated. 270,404.64 I choose Semi-Annual. ___________ 283,281.04 I choose Quarterly. _____________ #VALUE! I choose Monthly. ____________ ** Premiums illustrated here are for the Basic Plan only.

- OR if you will wait for another year before availing this insurance? Annual Premium - Age 54, Female, Standard 256,190.00

* Premiums illustrated here are for the Basic Plan and Riders.

Your PNB Life Financial Advisor should explain the features of your chosen product. As product values and availability may change without prior notice, please ask your Financial Advisor for the most current sales illustration.

For PNB Life's use only: Policy Number 123456782 Bank Client (BC) UDS Client Type Allied Banking Corporation Referring Bank p0v1.5 (patched1.1)-04182012

Proposal for Payor Plan Name

LETICIA ORDOO VALLEJOS LETICIA ORDOO VALLEJOS, 53 Bida! 10 WORKSITE Payment Mode Dividend Opt Denomination
53

Page 2 of 2

Juvenile Issue Age Sex

Payor's Age

No 53 F

Annual Non-Participating Philippine Peso

Printed on 4/18/2012

PROPOSAL REF NO: A8MT9Y6BAA-BS000RS POLICY YEAR & ATTAINED AGE ANNUALIZED PREMIUM (Beg Of Yr) [5] ANTICIPATED ENDOWMENTS (End Of Yr) GUARANTEED CASH VALUE GUARANTEED DEATH BENEFITS

LOW: Accumulation Rate (2% FFR, 2.5% DIV) ACCUM CASH TOTAL LIVING BENEFIT DIVIDENDS [2] TOTAL DEATH BENEFIT

MID: Accumulation Rate (2.75% FFR, 5% DIV) ACCUM CASH DIVIDENDS [2] TOTAL LIVING BENEFIT TOTAL DEATH BENEFIT

1 2 3 4 5 6 7 8 9 10

Age 54 Age 55 Age 56 Age 57 Age 58 Age 59 Age 60 Age 61 Age 62 Age 63

257,528.22 257,528.22 257,528.22 -

1,000,000.00 -

59,000 216,000 545,000 574,000 606,000 639,000 718,000 803,000 897,000 718,000

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

59,000 216,000 545,000 574,000 606,000 639,000 718,000 803,000 897,000 1,000,000 718,000

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

59,000 216,000 545,000 574,000 606,000 639,000 718,000 803,000 897,000 1,000,000 718,000

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

7 - Age 60

Notes: 1. This is only an illustrative document. It does not purport to be a contract of insurance and does not in any way create any rights and obligations. Rights and obligations would be governed by the Policy, if issued, and will be subject to its terms and conditions. 2. Dividends (if applicable and shown in this proposal) were accumulated using 2.5% and 5% interest rates (low and mid assumptions, respectively). Dividends are not guaranteed. The dividend rates will be based on the actual Company experience from time to time. 3. The deposits and accumulations to the Flexi-Fund Rider (FFR), if any, are included in the computation of columns Total Living Benefit, and Death Benefit (if applicable and shown in this illustration). As illustrated in your proposal, fund accumulations are projected at an assumed pre-tax interest rates o 2% and 2.75% (low and mid assumptions, respectively). The crediting interest rate which will be declared by the Company is not guaranteed and may change from time to time. 4. The cash value shown at the end of policy year, when anticipated endowments are due, already excludes such anticipated endowments. 5. The annualized premium illustrated above is based on Annual mode. You can designate a different mode or frequency of payment (see Page 1, lower left section) and receive the same benefits. 6. The plan that you have selected will be repriced starting May 2, 2012. Please submit this sales illustration together with your life insurance application before that date

Declaration I confirm having read and understood the information contained in this 2-page summary of illustrated benefits. Applicant's Name: _________________________________ Signature: _______________________________ Date: _____________________________

PNB Life Client Survey: 1.) Kindly check one box regarding our bank partners. I am a client of ABC and/or PNB. (Please name one of your branch/es: ______________________________________ )

I am not a client of either ABC or PNB. I am neither a borrower nor a depositor of these banks. I am a client of another bank. 2.) Have you been offered or purchased insurance through a bank before? Yes (From which insurer: ______________________________________) No

This proposal was generated by PNB Life UDS Trad SI v1.5.xls on 4/18/2012.

An Insurance Proposal specially designed for:

Insured: LETICIA ORDOO VALLEJOS

Age 53, Female, Standard Plan Information: Basic:
A subsidiary of Allied Banking Corporation An affilliate of Philippine National Bank

BIDA! 10
A convenient 3 years to pay, 10 years to mature savings and protection plan.

Page 1 of 2

Riders:
1

Waiver of Premium Rider

Printed on 4/18/2012
PROPOSAL REF NO: D2RT7A6BAA-BS000RS

COVERAGE AND PREMIUM SUMMARY

Type of Coverage Benefit Amount Modal Premium (Annual) Years Payable

Basic Plan Waiver Rider Accident Rider

500,000.00 127,815.00 n/a TOTAL MODAL PREMIUM: ANNUALIZED PREMIUM

127,815.00 1,201.46 n/a 129,016.46 129,016.46

3 3 n/a

SNAPSHOT OF BENEFITS AT AGE 63

For You (Living Benefits at the end of Policy Year 10) Guaranteed Maturity Benefit 500,000 For Your Beneficiaries (Death Benefits at the end of Policy Year 10) Guaranteed Death Benefit 500,000

TOTAL LIVING BENEFITS

500,000

TOTAL DEATH BENEFITS

500,000

DID YOU KNOW THAT YOUR PREMIUMS MAY CHANGE IF:

- you choose OTHER MODES?
Premium Mode Annual Semi-Annual Quarterly Monthly NA Modal Premium 129,016.46 67,733.65 35,479.53 Annualized Premium Please sign here if you want to change your premium mode:

- OR if you purchased this insurance a year ago? Annual Premium - Age 52, Female, Standard

127,320.00

129,016.46 *** This mode is currently illustrated. 135,467.30 I choose Semi-Annual. ___________ 141,918.12 I choose Quarterly. _____________ #VALUE! I choose Monthly. ____________ ** Premiums illustrated here are for the Basic Plan only.

- OR if you will wait for another year before availing this insurance? Annual Premium - Age 54, Female, Standard 128,345.00

* Premiums illustrated here are for the Basic Plan and Riders.

Your PNB Life Financial Advisor should explain the features of your chosen product. As product values and availability may change without prior notice, please ask your Financial Advisor for the most current sales illustration.

For PNB Life's use only: Policy Number 123456782 Bank Client (BC) UDS Client Type Allied Banking Corporation Referring Bank p0v1.5 (patched1.1)-04182012

Proposal for Payor Plan Name

LETICIA ORDOO VALLEJOS LETICIA ORDOO VALLEJOS, 53 Bida! 10 WORKSITE Payment Mode Dividend Opt Denomination
53

Page 2 of 2

Juvenile Issue Age Sex

Payor's Age

No 53 F

Annual Non-Participating Philippine Peso

Printed on 4/18/2012

PROPOSAL REF NO: V9UR4Y6BAA-BS000RS POLICY YEAR & ATTAINED AGE ANNUALIZED PREMIUM (Beg Of Yr) [5] ANTICIPATED ENDOWMENTS (End Of Yr) GUARANTEED CASH VALUE GUARANTEED DEATH BENEFITS

LOW: Accumulation Rate (2% FFR, 2.5% DIV) ACCUM CASH TOTAL LIVING BENEFIT DIVIDENDS [2] TOTAL DEATH BENEFIT

MID: Accumulation Rate (2.75% FFR, 5% DIV) ACCUM CASH DIVIDENDS [2] TOTAL LIVING BENEFIT TOTAL DEATH BENEFIT

1 2 3 4 5 6 7 8 9 10

Age 54 Age 55 Age 56 Age 57 Age 58 Age 59 Age 60 Age 61 Age 62 Age 63

129,016.46 129,016.46 129,016.46 -

500,000.00 -

29,500 108,000 272,500 287,000 303,000 319,500 359,000 401,500 448,500 359,000

500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000

29,500 108,000 272,500 287,000 303,000 319,500 359,000 401,500 448,500 500,000 359,000

500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000

29,500 108,000 272,500 287,000 303,000 319,500 359,000 401,500 448,500 500,000 359,000

500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000

7 - Age 60

Notes: 1. This is only an illustrative document. It does not purport to be a contract of insurance and does not in any way create any rights and obligations. Rights and obligations would be governed by the Policy, if issued, and will be subject to its terms and conditions. 2. Dividends (if applicable and shown in this proposal) were accumulated using 2.5% and 5% interest rates (low and mid assumptions, respectively). Dividends are not guaranteed. The dividend rates will be based on the actual Company experience from time to time. 3. The deposits and accumulations to the Flexi-Fund Rider (FFR), if any, are included in the computation of columns Total Living Benefit, and Death Benefit (if applicable and shown in this illustration). As illustrated in your proposal, fund accumulations are projected at an assumed pre-tax interest rates of 2% and 2.75% (low and mid assumptions, respectively). The crediting interest rate which will be declared by the Company is not guaranteed and may change from time to time. 4. The cash value shown at the end of policy year, when anticipated endowments are due, already excludes such anticipated endowments. 5. The annualized premium illustrated above is based on Annual mode. You can designate a different mode or frequency of payment (see Page 1, lower left section) and receive the same benefits. 6. The plan that you have selected will be repriced starting May 2, 2012. Please submit this sales illustration together with your life insurance application before that date.

Declaration I confirm having read and understood the information contained in this 2-page summary of illustrated benefits. Applicant's Name: _________________________________ Signature: _______________________________ Date: _____________________________

PNB Life Client Survey: 1.) Kindly check one box regarding our bank partners. I am a client of ABC and/or PNB. (Please name one of your branch/es: ______________________________________ )

I am not a client of either ABC or PNB. I am neither a borrower nor a depositor of these banks. I am a client of another bank. 2.) Have you been offered or purchased insurance through a bank before? Yes (From which insurer: ______________________________________) No

This proposal was generated by PNB Life UDS Trad SI v1.5.xls on 4/18/2012.