(EDUCATION)

Flexi 5 is a 5-pay peso-denominated variable life insurance product. Your living benefit is equal to the Account Value which is partially or fully withdrawable from
the policy's separate fund(s). The death benefit is either the Account Value or the policy's Face Amount, whichever is higher. The minimum death benefit is equal to
500% of the Basic Premium plus 125% of all the Top-Up Premiums less 125% of all withdrawals.
Your policy is a variable contract, therefore only the Face Amount of the policy for the corresponding Insurance Charge paid will be guaranteed. Other benefits,
namely the Account Value and the Death Benefit, shall depend on the investment experience of the separate fund(s) to which the policy is linked.
YOU, AS THE POLICYHOLDER SHALL BEAR THE INVESTMENT RISKS ASSOCIATED WITH THIS PRODUCT.
INFORMATION
Insured LUZIAH AMETHYST BARRETTO Age At Issue 1 Sex Female Plan Option 1
Policyowner SHERGAIL BARRETTO Age At Issue 31 Currency Peso
FUND ALLOCATION
0.00% Peso Fixed Income Fund
The Peso Fixed Income Fund seeks to provide regular interest income, consistent with its policy to preserve capital and to maintain liquidity of its
investments, through a diversified portfolio of high grade bonds and/or evidences of debt of the Philippine government or government-controlled
and owned corporation or solvent corporations and institutions.
0.00% Peso Equity Fund
The Peso Equity Fund seeks to maximize income consistent with its policy to preserve capital and to maintain liquidity of its investments through a
diversified portfolio of high-quality listed equity issues - blue chips and growth stocks listed in the Philippine Stock Exchange.
0.00% Peso Bond Fund
The Peso Bond Fund seeks to provide regular interest income, consistent with its policy to preserve capital and to maintain liquidity of its
investments, through a diversified portfolio such as Treasury Notes/Bills, Certificates of Indebtedness issued by the Bangko Sentral ng Pilipinas
and other government securities or bonds and evidences of indebtedness or obligations, the servicing and repayment of which are fully
guaranteed by the Republic of the Philippines or any of its instrumentalities.
0.00% Cocolife Global Consumer Trends Fund
Cocolife Global Consumer Trends Fund seeks to achieve long-term capital growth by investing all or substantially all of its assets in a collective
investment scheme that invests globally in equities of companies that are predominantly engaged in the design, production or distribution of
products and services related to the discretionary consumer needs of individuals.
100.00% Cocolife Asian Multi-Asset Income Fund
Cocolife Asian Multi-Asset Income Fund seeks to achieve capital growth and income over the medium to longer term by investing all or
substantially all its assets in a collective investment scheme that invests primarily in Asian fixed income securities and Asian equities (including
real estate investment trusts).
BENEFITS AND PREMIUMS
Benefit Face Amount Annual Semi-Annual Quarterly Monthly(a)
Basic Variable Life Insurance Coverage 125,000.00 25,000.00 13,250.00 6,875.00 2,437.50
Payors Benefit Rider- Death and Disability Included 722.50 382.93 198.69 70.44
Total Premium 25,722.50 13,632.93 7,073.69 2,507.94
(a)
Payment/Collection Arrangement is required for monthly payments.
Illustrative Living Benefit Illustrative Death Benefit
At Age 60 At Age 65 At Age 70 At Age 60 At Age 65 At Age 70
Based on 4.00% Interest Rate 48,054.50 55,145.87 63,773.60 48,054.50 55,145.87 63,773.60
Based on 6.00% Interest Rate 817,144.28 1,090,032.18 1,455,217.74 817,144.28 1,090,032.18 1,455,217.74
Based on 10.0% Interest Rate 13,262,718.65 21,355,882.42 34,390,003.62 13,262,718.65 21,355,882.42 34,390,003.62
Notes:
1. Top-up Premiums, if any, are not included above.
2. The Initial Face Amount for the basic benefit is usually adjusted by all top-ups and partial withdrawals made subject to the minimum death benefit required by
the Insurance Commission.
3. The illustrative values above are neither estimates nor guaranteed, and may vary depending on the experience of the Fund(s). The values are illustrated using
LOW, CURRENT and HIGH interest rates that can be earned by the funds, corresponding to 4.00%, 6.00%, 10.00%, respectively. The 6.00% CURRENT
interest rate is the weighted interest rate based on the fund allocation and the corresponding interest rate assumption of each fund.
4. If after the policy is issued and you decide that it is not suitable for your needs, you may return the policy contract signifying your intention to
cancel your coverage to COCOLIFE within 15 days from the date of receipt. We will refund to you the total Premium Charges and Insurance
Charges paid and the Account Value.

_________________________________
SHERGAIL BARRETTO
Policy Owner
____________________
Date Signed
Prepared by: _______________________________
Flexi Extended Proposal System Version 7.3 Date/Time Prepared: July 03, 2023 3:33 PM
Proposal No: XXXXXXX

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 Proposal for LUZIAH AMETHYST BARRETTO

(EDUCATION)
ILLUSTRATION OF BENEFITS
The following table illustrates the accumulation of values using LOW, CURRENT and HIGH interest rates that can be earned by the fund.
The LOW, CURRENT and HIGH interest rates correspond to earnings at 4.00%, 6.00% and 10.00%, respectively. The 6.00% CURRENT interest
rate is the weighted interest rate based on the fund allocation and the corresponding interest rate assumption of each fund. Moreover, the high and
low interest rate assumptions only illustrate the range of possible returns that may be achieved by the fund and do not represent the actual upper
and lower limits of the rate that may occur. Furthermore, the values illustrated herein are neither estimates nor are guaranteed, and may vary
depending on the experience of the Fund(s).
Policy Total Annual Net Partial ILLUSTRATIVE FUND VALUE
Basic Premium Top-Up Premium
Year Payment Withdrawal (End of Year)
(Beginning of Year) (Beginning of Year) (Beginning of Year) (End of Year) 4.00% 6.00% 10.00%
1 25,722.50 25,000.00 - - 6,554.54 6,691.54 6,965.76
2 25,722.50 25,000.00 - - 26,357.82 27,021.11 28,364.59
3 25,722.50 25,000.00 - - 49,535.35 51,203.00 54,636.81
4 25,722.50 25,000.00 - - 76,240.72 79,488.24 86,292.27
5 25,722.50 25,000.00 - - 104,034.25 109,494.07 121,144.53
6 - - - - 107,550.04 115,422.51 132,625.45
7 - - - - 111,212.50 121,717.03 145,255.97
8 - - - - 115,027.74 128,399.06 159,149.54
9 - - - - 119,002.14 135,483.68 174,432.46
10 - - - - 124,273.39 144,244.79 192,772.05
11 - - - - 128,631.24 152,280.15 211,417.23
12 - - - - 133,163.57 160,797.63 231,926.93
13 - - - - 137,877.19 169,826.16 254,487.59
14 - - - - 142,779.36 179,396.41 279,304.32
15 - - - - 149,232.54 191,195.04 309,045.09
16 - - - - 154,588.92 202,047.41 339,317.58
17 - - - 25,000.00 135,159.56 188,550.93 347,617.31
18 - - - 28,750.00 111,203.02 170,494.66 352,997.01
19 - - - 33,125.00 81,913.21 146,980.02 354,539.69
20 - - - 38,125.00 46,451.82 117,054.49 351,236.63
21 - - - 25,000.00 22,696.97 98,458.43 360,728.26
THE FUND VALUE WILL INCREASE OR DECREASE IN ACCORDANCE WITH THE SEPARATE FUND(S)' EXPERIENCE.
THE PERFORMANCE OF THE FUND IS NOT GUARANTEED AND THE ACCOUNT VALUE MAY BE LESS THAN THE CAPITAL INVESTED.

Policy ILLUSTRATIVE LIVING BENEFIT ILLUSTRATIVE DEATH BENEFIT

(End of Year) (End of Year)
Year 4.00% 6.00% 10.00% 4.00% 6.00% 10.00%
1 4,588.18 4,684.08 4,876.03 18,399.09 18,522.39 18,769.18
2 21,086.26 21,616.89 22,691.67 46,086.26 46,616.89 47,691.67
3 42,105.05 43,522.55 46,441.29 79,721.21 80,721.80 82,782.09
4 68,616.65 71,539.41 77,663.04 105,496.29 106,795.29 109,516.91
5 98,832.54 104,019.37 115,087.30 120,806.85 121,898.81 124,228.91
6 107,550.04 115,422.51 132,625.45 125,000.00 125,000.00 132,625.45
7 111,212.50 121,717.03 145,255.97 125,000.00 125,000.00 145,255.97
8 115,027.74 128,399.06 159,149.54 125,000.00 128,399.06 159,149.54
9 119,002.14 135,483.68 174,432.46 125,000.00 135,483.68 174,432.46
10 124,273.39 144,244.79 192,772.05 125,000.00 144,244.79 192,772.05
11 128,631.24 152,280.15 211,417.23 128,631.24 152,280.15 211,417.23
12 133,163.57 160,797.63 231,926.93 133,163.57 160,797.63 231,926.93
13 137,877.19 169,826.16 254,487.59 137,877.19 169,826.16 254,487.59
14 142,779.36 179,396.41 279,304.32 142,779.36 179,396.41 279,304.32
15 149,232.54 191,195.04 309,045.09 149,232.54 191,195.04 309,045.09
16 154,588.92 202,047.41 339,317.58 154,588.92 202,047.41 339,317.58
17 133,807.96 186,665.42 344,141.13 135,159.56 188,550.93 347,617.31
18 110,090.99 168,789.72 349,467.04 111,203.02 170,494.66 352,997.01
19 81,094.08 145,510.22 350,994.29 81,913.21 146,980.02 354,539.69
20 45,987.30 115,883.95 347,724.26 46,451.82 117,054.49 351,236.63
21 22,470.00 97,473.85 357,120.98 22,696.97 98,458.43 360,728.26

The illustrated values are net of Premium Charge, Rider Charge (if any), Insurance Charge and Monthly Administrative Charge based on the current schedule of charges.
Applicable withdrawal charges will be deducted from the fund value should the owner opt to withdraw. The Illustrative Living Benefits shown are net of
withdrawal charges based on the current schedule of charges.
Proposal No: XXXXXXX Date/Time Prepared: July 03, 2023 3:33 PM

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 Proposal for LUZIAH AMETHYST BARRETTO

(EDUCATION)

NOTES:
1. All figures illustrated herein are in Philippine Pesos.
2. The basic premium charge is equal to 70% of the basic premium on the first policy year, 20% of the basic premium on the second policy
year, 10% of the basic premium on the third policy year and 0% thereafter. The top-up premium charge is equal to 4% of the top-up
3. Annual Insurance Charge starts at 1.65 per thousand of net amount risk based on the insured's attained age to be deducted monthly.
4. Annual Administrative Charge is Php 1,200 if within paying period and Php 600 after the premium paying period to be deducted monthly.
5. The illustrative values above relate to your basic plan only less any rider charges deducted from the fund value. It assumes that all premiums
are paid in full when due and as planned, and the current scale of charges remain unchanged.
6. The Fund Value will increase or decrease in accordance with the separate fund(s) experience.
7. Asset Management Charge of 1.75% for Peso Fixed Income Fund, 2.25% for Peso Equity Fund, 1.96% for Peso Bond Fund, 2.24%
for Cocolife Global Consumer Trends Fund, and 2.24% for Cocolife Asian Multi-Asset Income Fund, if chosen, is not included in the
above illustration.
8. For the Unitized Fund(s), a withdrawal charge equal to 30% of the amount withdrawn for the first policy year, 20% of the amount withdrawn
for the second policy year, 15% of the amount withdrawn for the third policy year, 10% of the amount withdrawn for the fourth policy year,
5% of the amount withdrawn for the fifth policy year and 1% of the withdrawn amount in excess of 1 free withdrawal for the sixth policy year
and every year thereafter shall be imposed.
9. We guarantee that your policy will continue to be inforce for the first two (2) years even if your Account Value may become insufficient to
meet the monthly charges due provided you were able to pay all premiums due and the sum of all withdrawals that you made is less than the
sum of all the Top-up Premiums. We will however deduct the unpaid amount from your account as soon as there is sufficient balance.
10. A loyalty bonus at the end of the 10th policy year and for every 5 years thereafter is included in the above illustration. The loyalty
bonus is equal to 1% of the average monthly Account Value balance of the preceding 5 years. This is non-guaranteed and may vary
depending on the actual performance of the fund.
11. The standard premium rate scale was used in the above computation. The application including additional net amount at risk due to top-up
premiums is subject to underwriting approval.
12. Values that appear in this proposal may differ from those of the policy contract due to small rounding off errors. The above has been
drafted by the soliciting agent for illustration purposes. While we have made every effort to ensure accuracy, errors and omissions
may have occurred in the preparation of this proposal. The terms and conditions that shall bind the parties are expressly provided for
in the policy contract.

DISCLOSURE OF CONFLICT OF INTEREST:

Our Investment Manager makes investment decisions for the Funds based on the circumstances of each Fund and independently of decisions made for
other funds. There are times when the Investment Manager may take the same investments for a Fund and one or more other funds. 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 funds. If this happens, the Investment Manager will attempt to allocate the investment fairly between the Fund and other funds. Factors the
Investment 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.

DECLARATION:
By affixing your signature below, you certify that you have read and understood the illustrations of this proposal. Moreover, you also certify
that the features, changes in the illustrative interest rate, the manner in which the variable benefits will reflect the investment experience of
the separate investment account(s) and the guarantees on the minimum death benefit were explained by your soliciting agent and were fully
understood. You also certify that you will assume all investment risks associated with the policy.

This illustration shall form part of the insurance contract once the policy is issued.

Owner's Name: SHERGAIL BARRETTO Signature: ________________________ Date: ______________________

Proposal No: XXXXXXX Date/Time Prepared: July 03, 2023 3:33 PM

Page 3 of 4
 ACKNOWLEDGEMENT OF VARIABILITY
for
FLEXI 5

Applicant : SHERGAIL BARRETTO Agent's Name :

Branch : Agent's Code :

I acknowledge that:

I have applied with United Coconut Planters Life Assurance Corporation (COCOLIFE) for a FLEXI 5
policy, and have reviewed the illustration(s) that shows how a variable life insurance policy performs using
company's assumptions based on Insurance Commission's guidelines on interest rates.

I understand that since the fund performance may vary, the account value is 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 FLEXI 5 policy are periodically published.

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

_____________________________________
SHERGAIL BARRETTO
Policy Owner / Payor

_____________________________________
Date Signed

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