Prudential PRUlifetime Income Plus Review
The complete Pros and Cons on Prudential PRUlifetime Income Plus
Prudential PRUlifetime Income Plus product details
- Life policy – Annuity
- Single Premium
- Receive monthly cash benefit from the 36th policy month onwards for as long as the life assured lives.
- Flexibility to change life assured to a loved one for an individual-owned policy, or an employee for a corporate-owned policy as desired.
- No medical checks needed
Read about: Why your retirement planning starts now
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Features of Prudential PRUlifetime Income Plus at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NA
Additional Features and Benefits
Yes.
For further information and details, refer to Prudential website. Alternatively, fill up the form below and let us advise accordingly.
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Prudential PRUlifetime Income Plus may be suitable if you are looking for
Prudential PRUlifetime Income Plus may potentially be a good fit if the following matters to you:
- Lifetime regular cash payout
- Saving regularly over a period of time
- Insurance options without medical underwriting
- Do not need access to the funds until retirement
- To potentially generate higher financial returns compared to bank accounts
Prudential PRUlifetime Income Plus may not be suitable if you are looking for
Prudential PRUlifetime Income Plus may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lump sum payout upon maturity
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on Prudential PRUlifetime Income Plus
- How is Prudential or Prudential PRUlifetime Income Plus investment returns based on historical performance?
- How does Prudential PRUlifetime Income Plus compare with Endowment policy from other insurance companies?
- Can Prudential PRUlifetime Income Plus fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Prudential PRUlifetime Income Plus. Talk to us or seek advice from a financial adviser before making any decision about Prudential PRUlifetime Income Plus.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Where can I compare the payout and benefits of retirement plans and annuity policies?
Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.
It is too late to regret once you have made your financial commitment. Specific products features, benefits and payout will differ more than you think across insurance companies.
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Is Prudential PRUlifetime Income Plus suitable for me?
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