Beneficial Life Insurance Company, Inc. will conduct the Annual Meeting of Shareholders on June 30 via remote communication.

NOTICE AND AGENDA OF

2026 ANNUAL MEETING OF STOCKHOLDERS

NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders (“ASM”) of BENEFICIAL LIFE INSURANCE COMPANY, INC. (the “Company”) will be held by remote communication with https://www.benlife.com.ph/benlife-2026-ASM/ to June 30, 2026Tuesday, on 3:00 o’clock in the afternoon next:

AGENDA¹

1. Call to order
2. Verification of Notice of Meeting and Quorum
3. Approval of Minutes of Previous ASM Held on 30 June 2025
4. Presentation of the Annual Report and Approval of the Audited Financial Statements (“AFS”)
5. Verification and Validation of all Rules and Decisions of the Board of Directors and its Committees, Officers and Management Since 2025 ASM.
6. Election of Board Members (including Independent Directors)
7. Selection of External Auditor
8. Consideration of Other Such Matters as May Properly Come Before the Meeting
9. Postpone

Only shareholders of record as of the close of business hours on June 8, 2026 are entitled to be notified of, and vote on, this ASM.

Due to the current circumstances and in accordance with and in accordance with the Amended Bylaws of the Company, the Board of Directors during its General Meeting held on April 08, 2026, decided that the Annual Meeting of Shareholders will be held virtually, thus, shareholders may attend the ASM only by remote communication, by voting in absentia, or in absentia.

Shareholders who intend to participate in the meeting by remote communication must register at https://form.jotform.com/benlifemis.com.ph/2026-ASM-registration on or before 5:00 p.m. on June 29, 2026. Shareholders may vote by remote communication, or absent subject to verification procedures. The procedures for participating in the meeting remotely and voting in absentia are described in the Information Statement.

Shareholders intending to vote by proxy shall send a duly executed proxy, and it must be received by the Office of the Corporate Secretary, 7th/F Beneficial Life Building, 166 Salcedo Street, Legaspi Village, Makati City or by email to. [email protected] no later than 5:00 PM on June 23, 2026. Validation of proxies will be held on June 24, 2026 at 3:00 pm NO PROXIES.

All email communications should be sent to [email protected] on or before the specified dates.

Given this 2nd day of June 2026.

BOARD OF DIRECTORS:

(Sgd.) MA. SIGRID R. PINLAC

Business Secretary

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¹ Look with the explanation/reason for each item in the Plan; and a proxy template

2 Look Information Statement

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