PRUsave max limited pay (USD)

We understand you want to shape your financial dreams by investing in the US economy.

PRUsave max limited pay (USD) is a flexible savings plan that looks beyond Singapore denominated assets and make the most of investment opportunities in the US economy. A with-profits endowment plan with a limited premium payment term, it offers a wide selection of policy terms and corresponding shorter premium payment terms.

Benefits^

  • Traditional regular premium endowment participating plan with limited premium payment term.
  • Available for terms
    • 10, 15 years (for 5 year limited pay)
    • 15, 20 years (for 10 year limited pay)
    • 20, 25 years (for 15 year limited pay)
  • Accumulates reversionary & performance bonuses (non-guaranteed)
  • Guaranteed issuance
  • Provides financial protection against death during the policy term
    • 105% of the total premiums paid (excluding premiums for supplementary benefits [if any]) at the time of death or
    • 101% of the surrender value at the time of death
    less any outstanding loans.
  • Maturity Benefit - gives the Face Value plus all attaching bonuses (non-guaranteed) in one lump sum or through Yearly Instalments of 3, 4, 10, 15 or 20 years. The outstanding balance will continue to earn interest at 3% per annum*.
  • Bonuses (non-guaranteed) can be surrendered for cash.
  • Surrender Value - acquires a surrender value after 12 months of premiums have been paid.
  • Policy Loan+ - taken against the cash/surrender value of the policy. An interest rate will be charged. This interest rate may be varied from time to time.
  • Surgical & Nursing - taken against the cash/surrender value of the policy, for surgical procedures, interest-free.

 

^ Terms and conditions apply
* The interest rate of 3% per annum is not guaranteed and is subject to change according to the prevailing market condition.
+ This loan is available at the discretion of the insurance product provider and may be granted upon satisfying required condition.
Foreign currency policies (eg USD) are subject to foreign exchange risk.

How it works

Policy Term (years) Annual Premium Payable for Total Premiums Payable Maturity Amount1
Guaranteed Non-Guaranteed Total
10 years US$2,500
(US$6.85 per day)		 5 years US$12,500 US$10,310 US$5,443 US$15,753
20 years US$5,000
(US$13,70 per day)		 10 years US$50,000 US$43,100 US$55,401 US$98,501

 

Example: Saving for child's education fund

Mrs Tan wants to save US$100,000 to supplement the cost of her son's university education in the US. She plans to set aside US$325 per month for 15 years. See how PRUsave max limited pay (USD) may help her achieve this:

 

Policy Term (years) Annual Premium Payable for Total Premiums Payable Maturity Amount1
Guaranteed Non-Guaranteed Total
20 years US$3,895
(US$11 per day)		 15 years US$58,425 US$51,250 US$49,057 US$100,307

 

1 The illustrated values are bonus rate assuming a projected investment rate of return of 5.75%. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.

Who can apply

  • For those between 1 and 65 years of age who wish to save regularly over a shorter term and are seeking potential higher returns to meet their financial goals.
  • A with-profits Endowment product with Regular Premium payment

Download Brochure

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost 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.