PRULife Your Term
PRULife Your Term is a traditional insurance product with the following features:
AUTOMATIC RENEWABILITY at the end of each policy year before the Life Insured reaches age 90
CONVERSION TO A PERMANENT PLAN such as whole life, endowment or investment-linked on the 2nd policy year without submitting evidence of insurability
ATTACHMENT OF RIDERS such as health, accident and Variable Life (VL) for a more comprehensive insurance and investment coverage
Policy Details This insurance plan may answer your need for:
Policyowner: MICHELLE
Life Insured: MICHELLE GARZA
GARZA
Age: 28 Age: 28
Sex: MALE
Basic Plan Benefit Amount Amount Payable
1-year Term PhP 5,200,000.00 PhP 16,000.00
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Payment Mode: Quarterly
Annual PhP 16,000.00
Quarterly PhP 4,560.00
Basic Premium: PhP 16,000.00 Payment Mode: Quarterly
Variable Life Rider Premium: Not attached Quarterly premium: PhP 4,560.00
Total Riders Premium: Not attached Total Annual Premium: PhP 16,000.00
The benefits indicated above are subject to specific guidelines set by Pru Life UK and the actual provisions of the insurance contract. This Sales
Illustration shall form part of the insurance contract if the policy is issued. For more information on what constitutes the entire insurance contract,
please ask your sales agent or refer to your policy booklet.
Terms used in this proposal:
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Basic Premium is the amount you pay for your basic plan’s benefit. Riders Premium is the amount you will pay for the Riders you attached to your basic plan.
Benefit Amount is the amount of coverage of your term insurance and any Variable Life Rider (VL Rider) gives you opportunity to invest in available funds via top-ups.
riders attached to the basic plan. Variable Life Rider Premium is the amount you will pay for the VL Rider attached to your
Riders are supplemental benefits you can purchase on top of your basic plan. basic plan.
Prepared by: JASMIN PRADO Agent code: 70045080
This Sales Illustration was prepared on 16/05/2023 and is valid until 15/07/2023. Page 1 of 3
This material is for illustration purposes only. EQS70045080-96EB-4513C207FC2F-230516-OF
The complete terms and conditions of the insurance coverage are found in the Policy Booklet. 17.1.23.01
PRULife Your Term
BREAKDOWN OF ANNUAL PREMIUMS
ANNUAL AMOUNT PAYABLE
Policy Year Attained Age
Basic Premium Total Annual Premium
1 28 16,000.00 16,000.00
2 29 16,104.00 16,104.00
3 30 16,208.00 16,208.00
4 31 16,208.00 16,208.00
5 32 16,364.00 16,364.00
6 33 16,572.00 16,572.00
7 34 16,884.00 16,884.00
8 35 17,300.00 17,300.00
9 36 17,716.00 17,716.00
10 37 18,288.00 18,288.00
11 38 18,756.00 18,756.00
12 39 19,328.00 19,328.00
13 40 20,108.00 20,108.00
14 41 20,940.00 20,940.00
15 42 21,980.00 21,980.00
33 60 85,888.00 85,888.00
38 65 126,760.00 126,760.00
43 70 214,120.00 214,120.00
53 80 579,368.00 579,368.00
62 89 1,422,444.00 1,422,444.00
Illustration notes:
The above is only a summarized illustration of the annual premiums of your policy. You should consult your sales agent or the Company for more information or, if
appropriate, a more detailed proposal.
The above illustration assumes that the policy is automatically renewed until the Life Insured reaches age 89 and shows the annual premiums due if you continue your
policy beyond one (1) year. Additionally, the illustration relates only to your basic plan, including riders, if any, and assumes that all premiums are paid in full when due.
The amount of total premiums may slightly differ from the actual total of the premiums payable under the policy due to rounding differences.
Prepared by: JASMIN PRADO Agent code: 70045080
This Sales Illustration was prepared on 16/05/2023 and is valid until 15/07/2023. Page 2 of 3
This material is for illustration purposes only. EQS70045080-96EB-4513C207FC2F-230516-OF
The complete terms and conditions of the insurance coverage are found in the Policy Booklet. 17.1.23.01
PRULife Your Term
ACKNOWLEDGEMENT OF UNDERSTANDING
I have read and understood the disclosures and the contents of this Sales Illustration. My agent has explained to my satisfaction the principal features of
the policy plus the contents of this Sales Illustration. I fully understand the terms and conditions of this policy.
I also understand that in the event of a claim, my policy, including any optional benefits, will terminate if the aggregate amount of my claim for Accelerated
Total and Permanent Disability Benefit and/or Accelerated Life Care Benefit is equal to the sum assured of the base plan exclusive of any optional
benefits.
I have been provided with all the relevant sales materials which help me assess the suitability of this product to my needs.
I understand that the Company has the right to vary the Insurance Charge, Policy Fee, and any Rider Charge and Extra Charge in the future, but will not
do so without the prior approval of the Insurance Commission.
I confirm that:
a. I have been furnished with copies of the sales illustration/quotation proposal, Product Highlight Sheet and any other relevant sales materials
("Materials");
b. the Materials have been properly, completely and satisfactorily explained to me; and
c. I have fully understood the Materials.
I hereby declare that I accept, agree with and understand the features, benefits, nature, limitations, exclusions, risks, terms and conditions of the Policy
that I am applying to purchase.
____________________________ ____________________________ ____________________________
Applicant’s name Applicant’s signature Date
Prepared by: JASMIN PRADO Agent code: 70045080
This Sales Illustration was prepared on 16/05/2023 and is valid until 15/07/2023. Page 3 of 3
This material is for illustration purposes only. EQS70045080-96EB-4513C207FC2F-230516-OF
The complete terms and conditions of the insurance coverage are found in the Policy Booklet. 17.1.23.01
