“This blog is the personal blog of AMIEL QUILACIO, an agent of Pru Life UK and only contains my personal views, thoughts and opinions. It is for information purposes only and is not endorsed by Pru Life UK nor does it constitute any official communication of Pru Life UK.”
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PruMillionaire
Considered the most elite of PruLink products, PruMillionaire is a single-premium unit-linked insurance product that maximizes the value of investment through a significantly lower upfront charge of 0.5% and a superior selection of investment funds.
BENEFITS:
- Starts with a minimum of PhP1,000,000 or USD20,000
- Enjoys protection coverage equal to 125% of the single premium or the fund value, whichever is higher
- Hassle-free sign-up with no health underwriting and health declaration at the time of application
- Partial withdrawals may be made anytime, subject to surrender charges if made during the first five years of the policy
- Four(4) free fund switches per year to match your changing investment objectives and risk profile
- Choice of PruLink funds, investing either in a single fund or multi-funds, to customize a well-diversified portfolio that is professionally managed by Eastspring Investments (Singapore) Limited (formerly known as Prudential Asset Management (Singapore) Limited)
HOW IT WORKS:
The illustrations above are based on an insured age 30, male, and are invested 100% in PruLink Bond Fund.
Investment returns used are net of final tax, Annual Management Charge, and other investment expenses.
The values are based on the projected performance of the fund where your policy is linked. Because fund performance is not guaranteed, the values are also not guaranteed. In addition, the assumed investment returns used in projecting the Low, Current, and High values represent a range of possible returns that may be achieved by the fund. The High and Low assumptions are only for illustration purposes and do not represent the upper and lower limit of the actual investment that may occur.
The High and Low investment returns, at 10% and 4%, are those prescribed by the Insurance Commission. The illustrated Current investment return is based on the actual average investment return experienced by the Fund in the last 36 months, as indicated in the Historical Unit Fund Performance page, except that if the average exceeds 10%, the illustrated investment return is capped at 10%.
Investment returns used are net of final tax, Annual Management Charge, and other investment expenses.
The values are based on the projected performance of the fund where your policy is linked. Because fund performance is not guaranteed, the values are also not guaranteed. In addition, the assumed investment returns used in projecting the Low, Current, and High values represent a range of possible returns that may be achieved by the fund. The High and Low assumptions are only for illustration purposes and do not represent the upper and lower limit of the actual investment that may occur.
The High and Low investment returns, at 10% and 4%, are those prescribed by the Insurance Commission. The illustrated Current investment return is based on the actual average investment return experienced by the Fund in the last 36 months, as indicated in the Historical Unit Fund Performance page, except that if the average exceeds 10%, the illustrated investment return is capped at 10%.
WHO CAN APPLY:
The life insured can be from zero (0) to seventy (70) years old.
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ADVANTAGE OF PRUMILLIONAIRE VS BANK DEPOSIT
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