PRUlifetime income

Relationships across generations are worth saving for

Your future is important, and so is the future of your family and children. As much as you want to provide for their immediate well-being, you want to protect them even in the years to come.

PRUlifetime income helps you to build towards your secure financial future that lasts across generations – plan a comfortable retirement, support your children’s needs or leave a lasting legacy.

Your relationships are precious. Protect them.

English Brochure

Chinese Brochure

Highlights

prulifetime-income-yearly-cash-benefit-fn1

Start as early as the 2nd policy anniversary

prulifetime-income-lifetime-income-fn1-en

Yearly Cash Benefit1 for life

prulifetime-income-wealth-transfer-en

Benefits up to 3 generations

prulifetime-income-hassle-free-applicationt-fn2-en

No medical underwriting2

Product Details

Product Type

Whole Life

Payment Term

Limited Premium:

  • 4, 10 or 20 years
Policy Term

Whole of Life

Accidental Disability:

  • Up to 65 Age Next Birthday
Issuance Age

4-year premium term:

  • 1 to 70 Age Next Birthday

10-year premium term:

  • 1 to 70 Age Next Birthday

20-year premium term:

  • 1 to 60 Age Next Birthday
Limits

Minimum Face Value3:

  • 4-year premium term: $47,000
  • 10-year & 20-year premium term: $25,000

Minimum Annual Premium:

  • 4-year premium term: $12,000
  • 10-year & 20-year premium term: $2,400
Maturity Benefit

Not Applicable

Death Benefit

Upon Death of the Life Assured, we pay the higher of:

  1. 105% of total premiums paid to date (excluding premiums for supplementary benefits (if any)) as at the time of death; or
  2. 101% of the surrender value as at the time of death

plus any accumulated Cash Benefit , less any amounts owing to us.

Total & Permanent Disability Benefit

Accidental Disability

If the life assured becomes Totally and Permanently Disabled because of an Accident before age 65, we pay the higher of:

  1. 105% of the total premiums paid (excluding premiums for supplementary benefits (if any)) as at the date the life assured was certified to be Disabled due to an Accident; or
  2. 101% of the surrender value as at the date the life assured was certified to be Disabled due to an Accident

plus any accumulated Cash Benefit, less any amounts owing to us.

Cash Benefit

The yearly Cash Benefitis made up of a guaranteed and non-guaranteed portion. It is a percentage of the Face Valuedepending on your premium payment term.

Critical Illness Benefit

Not Applicable

Accidental Death Benefit

Not Applicable

Enhance Your Coverage

Early Stage Crisis Waiver, Crisis Waiver III, Early Payer Security, Payer Security III / Payer Security Plus

Scenario 1 – How PRUlifetime income helps David complement his retirement needs:

Scenario 1 – How PRUlifetime income helps David and his family receive a steady income to supplement their financial needs over 3 generations:

Note: The Cash Benefit contains guaranteed and non-guaranteed portions and the Death Benefit is based on 101% of the surrender value. The non-guaranteed Cash Benefit and the surrender value are not guaranteed and are illustrated at a projected investment rate of 4.75% p.a. for the participating fund. The actual benefits payable will vary according to the future performance of the participating fund.

Footnotes:

  1. The Cash Benefit is made up of a guaranteed and non-guaranteed portion which will be paid out from the:
    • 5th and 2nd policy anniversary respectively for the 4-year premium payment term; and
    • 10th and 2nd policy anniversary respectively for both 10-year premium payment term and 20-year premium payment term.

Additional Cash Benefit will be paid out on every 10th policy anniversary starting from the 20th and 30th policy anniversary for 10-year premium payment term and 20-year premium payment term, respectively.

The non-guaranteed Cash Benefit is illustrated at a projected investment rate of 4.75% p.a. for the participating fund. It is not guaranteed and the actual benefits payable will vary according to the future performance of the participating fund.

  1. Medical check-ups or answering health related questions may be required if an optional supplementary benefit is added, 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 us from time to time.

  2. The Face Value is a notional value used to determine the Cash Benefit and the Performance Bonus (not guaranteed). It is not the sum assured of the policy the Cash Benefit is a percentage of the Face Value.

  3. Annual premium quoted (rounded to the nearest dollar) is based on a non-smoker male, age 40 next birthday with a Face Value of $100,000 and with a fixed premium payment term of 20 years.

  4. Annual premium quoted (rounded to the nearest dollar) is based on a non-smoker male, age 35 next birthday with a Face Value of $100,000 and with a fixed premium payment term of 10 years.

 

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.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some of the supplementary benefits are not guaranteed and may be adjusted based on future claims experience.

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 these insurance products 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 e-Brochure, the English version shall prevail.

Information is correct as at 22 March 2017.

Product Enquiry

For more information and special offers.

* Required fields
Product Name
First Name *
Last Name *
Phone Number*
Email*
NRIC/Passport No.
 

Next Steps

Back to Top