Price Increase of Cremation Plan (with Changes in Actuarial Assumptions)
SEC-NTD (Notice and Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • May 25, 2006
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May 25, 2006 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PRUDENTIALIFE PLANS, INC., registrant PRICE INCREASE OF CREMATION PLAN (WITH CHANGES IN ACTUARIAL ASSUMPTIONS) NOTICE AND ORDER Notice is hereby given that on May 15, 2006 a sworn registration statement, a petition and other supporting documents were filed with the Securities and Exchange Commission for and on behalf of PRUDENTIALIFE PLANS, INC., for the Price Increase of Cremation Plan, with changes in actuarial assumptions, to be sold at the following contract prices based on annual mode of payment: Payment Cremation Basic Cremation Value Plus Cremation Premium Term (Year) Current Proposed Current Proposed Current Proposed Minimum Maximum Minimum Maximum Minimum Maximum Minimum Maximum Minimum Maximum Minimum Maximum Maximum Spot cash P19,224 P27,572 P34,721 P41,564 P20,282 P29,090 P38,563 P46,234 P46,717 P60,253 P66,215 P79,367 Two 20,324 28,796 35,796 42,850 21,526 30,452 39,756 47,664 48,162 62,116 68,264 81,822 Three 22,449 30,873 36,903 44,175 24,072 33,021 40,986 49,140 49,650 64,038 70,374 84,351 Four 26,252 33,868 38,044 45,540 28,704 36,896 42,252 50,660 51,188 66,020 72,552 86,960 Five 31,115 41,240 39,220 46,950 32,700 45,330 43,560 52,225 52,770 68,060 74,795 89,650 Note : Minimum price based on plan Humility; Maximum price were based on plan Faith. Based on the documents filed, the following persons appear to be its officers and directors: Name Position JOSE L. SANTOS Chairman Emeritus FRANCISCO A. ALBA Chairman JOSE ALBERTO T. ALBA Director/President ANTONIO A. PICAZO Director/Corporate Secretary ANTONIO P. GATMAITAN Director FRANCISCO T. ALBA, JR. Director Said application and other documents attached thereto are open for inspection by interested parties during office hours, and photocopies thereof shall be provided upon written request and after payment of the required fees. Any person may file an opposition thereto within ten (10) days from date of last publication of this Notice and Order. Let this Notice and Order be published, at the expense of the corporation, in two (2) newspapers of general circulation in the Philippines once a week for two (2) consecutive weeks. aDICET SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) MERLE JOY B. PASCUAL Assistant Director Registration & Licensing Division Published in The Manila Times on May 27 & June 3, 2006 .
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