Prudential PRUWealth Income Review
The complete Pros and Cons on Prudential PRUWealth Income
Receive monthly cash payouts with Prudential PRUWealth Income, a single premium whole life endowment plan. Get payouts starting from the 2nd policy year onwards which you can spend as you wish or reinvest for greater returns later on.
Prudential PRUWealth Income product details
- Life policy – Endowment and Saving policy
- Single Premium Endowment Plan
- Prudential PRUWealth is a Single Premium endowment plan with no further cash commitment
- Monthly Cash Payouts
- From the 2nd policy year onwards, receive monthly payouts consisting of guaranteed and non-guaranteed bonus
- Monthly payouts will increase from the 4th policy year onwards
- Spend these payouts as you wish or reinvest them at the prevailing interest rates
- Death and Accidental Disablement Coverage
- Be covered against Death 101% of the single premium paid or 101% of the prevailing surrender and any outstanding cash benefit
- Be covered against Death 105% of the single premium paid or 101% of the prevailing surrender and any outstanding cash benefit
- Retrenchment Benefit
- Receive a lump sum cash benefit in the event you are retrenched within the first 5 policy years
- Hassle-free Application
- Enjoy guaranteed acceptance with no health checks required
Read about: Why your retirement planning starts now
Read about: Effects of compounding returns on your investments
Features of Prudential PRUWealth Income 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
Nil.
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.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
Prudential PRUWealth Income may be suitable if you are looking for
Prudential PRUWealth Income may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- A one-time premium commitment with no further cash commitment
- Monthly regular cash payout
- To potentially generate higher financial returns compared to bank accounts
- Leaving a legacy for your loved one(s)
- Whole life savings plan with insurance coverage against Death and Terminal Illness
Prudential PRUWealth Income may not be suitable if you are looking for
Prudential PRUWealth Income may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy
- Savings regularly over a period of time
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
- 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 PRUWealth Income
- How are Prudential or Prudential PRUWealth Income investment returns based on historical performance?
- How does Prudential PRUWealth Income compare with Endowment policies from other insurance companies?
- Can Prudential PRUWealth Income fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of Prudential PRUWealth Income. Talk to us or seek advice from a financial adviser before making any decision about Prudential PRUWealth Income.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Is Prudential PRUWealth Income suitable for me?
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