Analyse your life needs in detail and plan ahead for a brighter tomorrow.
Make retirement the best years of your life
Retirement is a time when you can relax, and make it the best years of your life with your loved ones. With PRUgolden retirement, you are never too old to set another goal or dream a new dream. This plan provides you with a regular stream of retirement income1, giving you peace of mind while you focus on what matters most.
Should you become disabled2 due to an accident3 and can no longer work, you will receive additional monthly payouts4 and a waiver of your future premiums5, so you can continue to be financially independent. You also have the option6 to transfer your policy to your spouse should the unforeseen happen to you, and he/she can continue7 receiving the remaining payouts until the policy matures. Be worry-free in your golden years with PRUgolden retirement.
|1||PRUgolden retirement provides a stream of Monthly Income which comprises a guaranteed portion (“Guaranteed Monthly Income”) and a non-guaranteed portion. The Monthly Income starts from the Policy Anniversary immediately before the life assured attains the selected retirement age of 60 or 65 years old for a period of 10, 15 or 20 years.|
|2||PRUgolden retirement provides coverage for disability due to an Accident before the Policy Anniversary before the life assured attains age 70 years old.|
|3||An “Accident” is an unforeseen and involuntary event, which directly causes death or injury by violent, external and visible means, and is independent of any other cause (such as illness or disease of the life assured).|
|4||If the life assured becomes disabled due to an Accident before the Policy Anniversary before the life assured attains age 70 years old, we pay a Disability Monthly Income which is equal to the Guaranteed Monthly Income until the maturity of the policy or upon the death of the life assured, whichever is earlier. If the life assured stops being disabled, we stop the Disability Monthly Income payments and this benefit will terminate. The maximum Disability Monthly Income payable is $6,250.|
|5||If the life assured becomes disabled due to an accident before the Policy Anniversary before the life assured attains age 70 years old, we will waive any future premium due for the policy (excluding premiums for supplementary benefits, if any). If the life assured stops being disabled, we stop the waiver of any premiums due, and this benefit will terminate.|
|6||You have the option to appoint your spouse as a Successor Life Assured under the Surviving Spouse Benefit. The Surviving Spouse Benefit is available on a policy that has a husband and wife as joint owners of the policy. This would mean one of the policyowners is the Main Life Assured, and the other policyowner can be appointed as the “Successor Life Assured”. Appointment of Successor Life Assured is subject to acceptance by Prudential.|
|7||Should the Main Life Assured die after the premium payment term, we will not pay out the Death Benefit as the policy will now continue on the life of the Successor Life Assured, until the maturity of the policy, or the death of the Successor Life Assured, whichever event occur first.|
|8||Medical check-ups or answering health-related questions may be required if the Main Life Assured or policyowner(s) add(s) an optional supplementary benefit; or if the total premiums for selected plans per life assured issued in the past 24 months exceed S$5 million (or equivalent). Selected plans will be reviewed and determined by Prudential from time to time.|
|9||PRUgolden retirement is available with a fixed premium payment term of 5 years, or a regular premium payment term up to 5 years before the selected retirement age of 60 or 65 years old.|
|10||Annual premium quoted (rounded to the nearest dollar) is based on a non-smoking male, age 55 next birthday (selected retirement age at 65 years old and Monthly Income Period of 20 years) with a Guaranteed Monthly Income of $1,000 and with a fixed premium payment term of 5 years.|
|11||The illustrated values use bonus rates assuming a projected investment rate of 4.75% per annum. As bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.|
|12||Annual premium quoted (rounded to the nearest dollar) is based on a non-smoking male, age 40 next birthday (selected retirement age at 65 years old and Monthly Income Period of 20 years) with a Guaranteed Monthly Income of $1,000 and with a premium payment term of 20 years.|
|13||The Maturity Bonus is a percentage of the Guaranteed Monthly Income and is not guaranteed. The actual benefit payable will vary according to the future performance of the participating fund.|
You are recommended to read the product summary and seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.
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 (if any) may be less than the total premiums paid.
The information on this website is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to this insurance product in the policy documents that can be obtained from your Prudential Financial Consultant.
The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore. In case of discrepancy between the English and Mandarin versions of this brochure, the English version shall prevail.
Information is correct as at 10 November 2016.