Endowment

PRUFlexi Cash: Your Comprehensive Guide to Financial Protection and Growth

Are you looking for a life insurance plan that offers both protection and potential for growth ? PRUFlexi Cash might be the solution you're seeking. Let's dive into the details of this plan to help you make an informed decision.

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What is PRUFlexi Cash?

PRUFlexi Cash is a participating fixed-term policy offered by Prudential Singapore . It's designed to provide financial protection against death, Terminal Illness, and Disability while also offering potential for growth through bonuses and a Yearly Cash Benefit.

Key Features

Financial Protection

Covers death, Terminal Illness, and Disability

Yearly Cash Benefit

Receive 5% of the sum assured annually

Maturity Benefit

Get a lump sum at the end of the policy term

Bonuses

Potential for additional returns through non-guaranteed bonuses

Flexibility

Choose when to start receiving your Yearly Cash Benefit

Long-term Coverage

Available for terms of 15, 20, or 25 years

Why compare PRUFlexi Cash with other Endowment options through Whatins?

Traditional Approach

  • Only see one company's projected returns
  • May push higher projections without context
  • Limited comparison of guaranteed amounts

Whatins Advantage

  • Compare guaranteed returns across insurers
  • See how different companies project returns
  • Get multiple views on bonus rate histories
  • Understand different payout structures

Detailed Benefits

Death Benefit

If the unfortunate happens, your beneficiaries will receive: The sum assured for Death, all accumulated bonuses (not guaranteed), minus any outstanding loans or amounts owed

Terminal Illness Benefit

If diagnosed with a terminal illness (likely to lead to death within 12 months), you'll receive the same payout as the Death Benefit

Disability Benefit

If you become totally and permanently disabled: Ages 1-64: 100% of sum assured plus bonuses, up to $2,000,000 . Any amount above $2,000,000 paid later in specific circumstances. Below age 1: 20% of sum assured as a lump sum

Yearly Cash Benefit

Start receiving after the 2nd policy year or defer up to the 10th year. 5% of sum assured annually . Option to accumulate with Prudential at a non-guaranteed interest rate

Maturity Benefit

At the end of your policy term, you'll receive: The last Yearly Cash Benefit installment and all accumulated bonuses

Bonuses (Not Guaranteed)

Reversionary Bonus

Added annually from the 3rd year

Performance Bonus

One-off bonus paid at claim, surrender, or maturity

Maturity Bonus

Additional one-off bonus at maturity

Policy Terms and Premiums

  • Choose from 15, 20, or 25-year terms
  • Premiums are level and guaranteed throughout the policy term
  • Pay monthly, quarterly, half-yearly, or yearly

Investment of Your Premiums

Your premiums are invested in Prudential's participating fund, which aims to maximize long-term returns while meeting solvency requirements. The fund invests in:

  • Bonds (56.6%)
  • Equities (29.1%)
  • Property (6.7%)
  • Other assets (7.6%)

Past performance (after investment expenses):

  • 2019: 12.26%
  • 2018: -2.12%
  • 2017: 10.63%
  • 10-year average: 5.77%

Remember, past performance doesn't guarantee future results.

Is PRUFlexi Cash Right for You?

PRUFlexi Cash might be a good fit if you:

  • Want life insurance with potential for cash payouts and growth

  • Are looking for coverage until age 100

  • Prefer the option to receive regular cash benefits

  • Are comfortable with some investment risk for potential higher returns

Consider these points:

  • Bonuses are not guaranteed and depend on fund performance

  • Early surrender may result in losses

  • The plan requires a long-term commitment for best results

Before Making a Decision

Remember, the best insurance plan is one that fits your unique situation and goals. Take your time to understand the details and don't hesitate to ask questions.

  • Assess your financial goals and protection needs

  • Consider your budget and ability to pay premiums long-term

  • Compare with other insurance and investment options

  • Consult with a financial advisor for personalized advice

Get Expert Advice

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on PRUFlexi Cash and similar insurance plans. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your financial future. Don't leave your protection and growth potential to chance – get the expert advice you deserve today .

Click here to get 5 expert opinions on PRUFlexi Cash and similar plans

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