PRUDecreasing Term Vantage

When your loved ones deserve the best protection

  • For those seeking basic lifetime insurance coverage and savings
  • A Term product available for Cash funds with Single Premium payment

Features^

  • Provides financial protection against death till end of term of coverage, and terminal illness till age 65
  • Available for those between 18 to 75 years of age (next birthday) (standalone), and those between 1 to 75 years of age (next birthday) (supplementary benefit)
  • Stay protected till 100 years of age (age next birthday)
  • You have the flexibility of choosing from 10 to 99 year* policy terms to meet your needs at every stage of life
  • Available as a standalone plan or supplementary benefit
  • Add on to PRULife Vantage for more comprehensive coverage
  • Acquires surrender value immediately after the single premium has been paid and the policy is in force

 

^ Terms and conditions apply.
* Subject to the limit that age next birthday at entry plus policy term does not exceed 100.

Example

PRUDecreasing Term Vantage Explained

Mr Lee (male, non-smoker), age 40 next birthday, wishes to ensure that his family does not suffer any change in their financial status should anything happen to him.

Mr Lee faces high liabilities due to his car loan, housing loan and business loan. As he grows older, his loans will eventually be paid off and the need for protection against outstanding loan amount will also reduce accordingly.

With PRUDecreasing Term Vantage with Accelerated Disability Benefit, the sum assured reduces according to his requirements at every stage of his life, providing him with the maximum value and necessary protection he requires. Below is the table that shows how the reducing sum assured and surrender value work for Mr Lee's PRUDecreasing Term Vantage plan.

End of Policy Year / Age next birthday Total Premium Paid* Mr Lee's outstanding loans Death Benefit Surrender Value
Guaranteed Guaranteed
1/Age 41 $189,920 $900,000 $1,000,000 $126,416
30/Age 70 $189,920 $450,000 $661,000 $64,281
40/Age 80 $189,920 $50,000 $491,000 $42,854

 

* Sum assured for PRUDecreasing Term Vantage quoted is based on a male non-smoker, aged 40 next birthday, and a policy term of 60 years. The policy term for the PRUDecreasing Term Vantage is subject to the maximum expiry age of 100 next birthday. Please refer to the Policy Document for exact terms and conditions of this plan.

 

Download Brochure

Note:
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

This is not a contract of insurance and reference should be made to the respective policies for the exact terms and conditions applicable to the insurance policy. Please refer to the exact terms, conditions, exclusions and specific details applicable to this insurance in the policy document that can be obtained from a Prudential Financial Consultant.

The information contained in this website is not required to be reviewed or endorsed by the Monetary Authority of Singapore.

Information correct as at 30 March 2011.