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...