Have you ever wondered how to enjoy the fruits of your labor while also securing your family's future ? Or perhaps you're a business owner concerned about continuity if something were to happen to a key executive? If these thoughts have crossed your mind, you're not alone. Many successful individuals grapple with the challenge of balancing personal enjoyment of their wealth with the desire to leave a lasting legacy. This is where the PRULife Vantage Achiever Prime Series comes into play.
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The PRULife Vantage Achiever Prime Series is a comprehensive insurance solution designed to help you preserve, create, and transfer wealth . It's not just an insurance policy; it's a tool for legacy planning that offers flexibility and growth potential. This series includes two products:
The main difference between these two is the currency they're denominated in. The SGD version only offers single premium payment, while the USD version provides both single and regular premium payment options.
Provides increased protection against death and terminal illness . Multiplier Benefit extends up to age 85 or 100.
Choose between a one-time premium payment or regular payments over 3 to 30 years (USD version only).
8% premium refund for single premium policies if you quit smoking. Reduced future premiums for regular premium USD policies.
Accumulation of non-guaranteed bonuses over time .
Once for individual-owned policies. Unlimited times for corporate-owned policies.
| Age | What suggestion covers | Premium |
|---|---|---|
| 56, Female making $2,888 a month | $5,000 |
Let's break down the key aspects of this insurance series:
The PRULife Vantage Achiever Prime Series offers guaranteed death benefits and surrender values throughout the policy life. This means your wealth is protected against market uncertainties, ensuring a lasting legacy for your loved ones.
With the Multiplier Benefit, your coverage can be significantly enhanced until age 85 or 100 . This feature, combined with potential growth in cash value, can help grow your wealth over time.
Example: Mr. Lim has $10 million in assets
Without the policy: $3 million each to two children, $4 million for himself
With the policy: $6 million premium, $18 million total insurance payout
Each child now receives $9 million if Mr. Lim passes away before the Multiplier Benefit expiry age
Creates an additional $12 million in estate value
For business owners, this series offers a unique solution for keyman insurance . If a key executive passes away, the benefit payout can help cover financial losses and ensure a smoother transition.
Example: Mr. Tan's business has $10 million annual revenue
Potential $2 million loss if a key executive is lost
$1 million premium for a $3 million death benefit policy
Can offset potential revenue drop while finding a replacement
This is a minimum sum of benefit payout for death and terminal illness before the multiplier expiry age (85 or 100). It significantly enhances your coverage during your working years when financial obligations are typically higher.
Whether you prefer a one-time payment or regular payments spread over several years, this series has options to suit your financial planning needs.
This unique feature encourages a healthier lifestyle by offering financial benefits for quitting smoking.
While not guaranteed, these bonuses can potentially grow your wealth over time, adding to the value of your policy.
This feature is particularly valuable for business owners, allowing them to transfer coverage to new key executives as needed.
The PRULife Vantage Achiever Prime Series is ideal for:
SGD (single pay only) or USD (single or regular pay)
1 to 75 years old (subject to premium term for regular pay)
85 or 100 years old
Single Pay: $35,000 (ages 1-16) or $100,000 (ages 17-75)
Regular Pay: Minimum Multiplier Benefit of $250,000
Before the Multiplier Benefit expiry age, the payout is the higher of:
a) Sum assured plus non-guaranteed bonuses, or
b) Multiplier Benefit
After the Multiplier Benefit expiry age, the payout is the sum assured plus non-guaranteed bonuses.
Single Pay Policies: Available from Day 1
Regular Pay Policies: Available from Year 3 (USD policies only)
Sarah, a successful entrepreneur, wants to enjoy her wealth but also leave a substantial inheritance. By investing in a PRULife Vantage Achiever Prime Series policy, she can grow her wealth potential while ensuring a significant legacy for her children .
John owns a thriving tech company. He's worried about what would happen if his CTO, a key figure in the company, were to pass away unexpectedly. A corporate-owned PRULife Vantage Achiever Prime Series policy provides the financial cushion to weather such a loss and find a suitable replacement .
The Tan family wants to ensure their wealth is preserved for future generations. The guaranteed death benefit and potential for growth through non-guaranteed bonuses make the PRULife Vantage Achiever Prime Series an attractive option for their wealth transfer strategy.
Flexible premium payment options (USD version)
High coverage with Multiplier Benefit
Option to change life assured (valuable for businesses)
Potential for wealth growth through non-guaranteed bonuses
Quit smoking incentive promotes healthier lifestyle
Surrender value for regular premium policies only available from Year 3
Non-guaranteed bonuses are not assured
Early termination may result in significant costs
No, the currency option is fixed at the time of purchase.
Early surrender may result in significant costs, and you may receive less than the total premiums paid.
No, the bonuses are not guaranteed and depend on the performance of Prudential's participating fund.
You should check with Prudential about options for increasing coverage after the policy is in force.
For single premium policies, 8% of the premium is refunded. For regular premium USD policies, future premiums are reduced to non-smoker rates.
The PRULife Vantage Achiever Prime Series offers a comprehensive solution for those looking to preserve wealth, create a lasting legacy, and ensure business continuity . With its flexible options and potential for growth, it can be a powerful tool in your financial planning arsenal. However, as with any significant financial decision, it's crucial to carefully consider your personal needs and consult with a qualified financial advisor.
Remember, the best insurance policy is one that aligns with your specific goals and circumstances. If you're considering the PRULife Vantage Achiever Prime Series or any other wealth preservation and transfer solution, it's wise to get multiple perspectives.
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Read the complete transcript of our expert discussion about PRULife Vantage Achiever Prime Series. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
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