Prudential PRUWealth Plus Review
The complete Pros and Cons on Prudential PRUWealth Plus
Prudential PRUWealth Plus is an endowment plan that allows you to save regularly over 5 to 20 years or with a single premium, fundable with funds from your SRS.
Prudential PRUWealth Plus product details
- Life policy – Endowment and Saving policy
- Premium Payment Term – flexible savings term or fund using your SRS
- Choose to save a Single Premium (SP) or over 5, 10, 15 or 20 years
- For SP option, you have the option to pay with Cash or using your SRS
- Capital Guarantee – all your capital is guaranteed
- Single Premium: 10th year
- 5-year Premium Term: 15th year
- 10-year Premium Term: 18th year
- 15 or 20-year Premium Term: 19th year
- Premium Deferment Option
- You can choose to defer premium payment for 2 years if the need arises
- This option is available after making payment for 2 policy years
- Retrenchment Benefit – in the event you lose your job
- SP option: Receive 10% of the Single Premium
- 5, 10, 15 and 20-year Premium Terms: Receive 50% of the annual premium
- Financial Flexibility
- You can partially withdraw from this endowment plan to spend as you need
- Secondary Life Assured
- You can appoint a secondary life assured, joint ownership or change the life assured so your loved one can continue to enjoy the savings of this endowment plan
- Hassle-free Application
- Enjoy guaranteed acceptance with no health checks or questions asked
- Premium Waiver Riders
- Early Stage Crisis Waiver
- Waives premiums for 5 years in the event you are diagnosed with early-stage critical illness, up to 2 claims
- Waives premiums for 10 years in the event you are diagnosed with intermediate to advanced-stage critical illness
- Crisis Waiver III
- All future premiums are waived in the event you are diagnosed with any of the 35 listed advanced-stage critical illnesses
- Payer Security Plus
- All future premiums are waived in the event of your passing
- Early Stage Crisis Waiver
Read about: Endowment and Saving policy: How does it work?
Read about: Endowment and Saving policy: Is it the best option?
Features of Prudential PRUWealth 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
- Early Stage Crisis Waiver
- Crisis Waiver IIII
- Payer Security Plus
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 PRUWealth Plus may be suitable if you are looking for
Prudential PRUWealth Plus may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Short to medium-term endowment and savings plan
- A one-time premium commitment with no further cash commitment or
- To save regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
Prudential PRUWealth Plus may not be suitable if you are looking for
Prudential PRUWealth Plus may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lifetime regular cash payout
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Read About: How can I accumulate a million dollars (Realistically)
Further considerations on Prudential PRUWealth Plus
- How is Prudential or Prudential PRUWealth Plus investment returns based on historical performance?
- How does Prudential PRUWealth Plus compare with endowment policies from other insurance companies?
- Can Prudential PRUWealth Plus fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Prudential PRUWealth Plus. Talk to us or seek advice from a financial adviser before making any decision about Prudential PRUWealth Plus.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read about: How can I accumulate a million dollar (Realistically)
Read About: 3 best Savings plans and endowment policies in Singapore
Where can I compare the payout and benefits of saving plans and endowment policies?
Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.
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Is Prudential PRUWealth Plus suitable for me?
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