PRUgolden retirement reward II
From new hobbies and experiences to more time with your family, there are many things to look forward to when you retire.
PRUgolden retirement reward II, a long-term endowment plan with a four-year premium payment term, brings you the opportunity to plan for regular monthly income during your retirement. You will also enjoy peace of mind as your invested premiums are guaranteed after 12 years.
All this, so you can truly focus on making the most of your free time with those who matter.
Highlights
Choice to receive Guaranteed Monthly Income for 10, 15 or 20 years, from retirement age of 60 or 65
Financial protection against death and total and permanent disability2 due to an accident3
Successor life assured4 under Surviving Spouse Benefit5
No Medical Underwriting6
Product Details
| Product Type |
Endowment |
| Payment Term |
4 years |
| Issuance Age |
PRUgolden retirement reward II @ 60 : 19 to 51 age next birthday PRUgolden retirement reward II @ 65 : 19 to 56 age next birthday |
| Limits |
Minimum Guaranteed Monthly Income: $200 Minimum Annual Premium: $6,000 Maximum Disability Monthly Income2: $6,250 per month |
| Maturity Benefit |
On the maturity date of the policy, we pay a lump sum amount of guaranteed benefit, bonuses, and any accumulated guaranteed monthly income with interest, less any amounts owing to us. |
| Death Benefit |
During the Accumulation Period The death benefit will be the higher of:
During the Monthly Income Period The death benefit will be the higher of:
plus any Guaranteed Monthly Income left with us. |
| Critical Illness Benefit |
Not applicable |
| Accidental Death Benefit |
Not applicable |
| Policy Term |
Varies based on choice of Retirement Age and Monthly Income Period: - Up to 85 age next birthday |
| Guaranteed Monthly Income |
Once your Monthly Income Period begins, we will pay you the Guaranteed Monthly Income for 10, 15 or 20 years |
| Other Benefit |
Surviving Spouse Benefit5 |
| Enhance your coverage |
Crisis Waiver III and Early Stage Crisis Care |
Footnotes:
- PRUgolden retirement reward II provides a stream of Guaranteed Monthly Income starting 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.
- If the life assured becomes totally and permanently 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. The maximum Disability Monthly Income payable is $6,250.
- An “Accident” is an unexpected and involuntary event, which directly causes death or injury by violent, external and visible means, and is not linked to any other cause (such as illness or disease of the life assured).
- 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.
- With the Surviving Spouse Benefit, should the main life assured pass away 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.
- Medical check-ups or answering health-related questions may be required if the main life assured adds 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.
Note:
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 for distribution 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 8 May 2018.