Investment Linked Plan

PRUVantage Assure: A Flexible Investment-Linked Plan for Changing Times

In today's ever-changing world, financial stability and growth are more important than ever . Whether you're an entrepreneur, a successful professional, or someone looking to secure their family's future, having a flexible investment plan that can adapt to market fluctuations is crucial. That's where PRUVantage Assure comes in. Let's dive deep into this innovative investment-linked plan and see how it can help you protect and grow your wealth.

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What is PRUVantage Assure?

PRUVantage Assure is a flexible investment-linked plan designed by Prudential to help you navigate a volatile investment environment. It's not just an insurance policy; it's a comprehensive wealth management tool that offers protection, growth potential, and flexibility all in one package .

Key Features That Make PRUVantage Assure Stand Out

Wealth Assure Feature (First-in-Market)

This unique feature locks in the highest daily value of your policy as your investment grows. In the event of death or accidental disability, your coverage is secured at the peak of your policy value.

Incremental Coverage

Your protection starts at 103% of your total premium and increases by 3% each year, up to 160% of the total premiums paid.

Flexibility to Change Coverage

You can adjust your coverage as needed , switch funds, make top-ups, or partial withdrawals.

Choice of Premium Terms

Choose between Single Premium or Regular Premium terms of 5, 10, 15, 20, or 25 years.

100% Investment from Day One

All your premiums are invested from the first day , maximizing your growth potential.

Welcome Bonus

Receive up to 50% additional units in the first year as a Welcome Bonus (for Regular Premium policies).

Loyalty Bonus

Get a 0.8% Loyalty Bonus every 8 years .

Legacy Planning Options

Change the Life Assured up to 3 times for individual-owned policies and unlimited times for corporate-owned policies.

Real premiums suggested for PruVantage Assure

24, Female making $83,333.333 a month

Coverage:
Premium:
$6,000
Read More

25, Female making $3,500 a month

Coverage:
Premium:
$[object Object]
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26, Male making $8,083.333 a month

Coverage:
Premium:
$9,600
Read More

32, Female making $6,000 a month

Coverage:
Premium:
$7,200
Read More
Get your own quotes →

How Does the Wealth Assure Feature Work?

Let's look at a hypothetical example:

Max, a 40-year-old non-smoker, invests a single premium of $100,000 in PRUVantage Assure.

  • Initially, his Sum Assured is $130,000 (130% of his premium).
  • As the market fluctuates, his policy value grows to $700,000.
  • The Wealth Assure feature locks in this peak value .
  • Even if the market later dips, Max's beneficiaries are assured of receiving the higher of:

a) The Sum Assured (which increases by 3% annually)

b) The Wealth Assure Value ($700,000)

c) The current account value

This feature provides crucial protection against market downturns , ensuring your loved ones receive the highest possible benefit.

Real-Life Scenario: How PRUVantage Assure Can Make a Difference

Consider Brenda, a 40-year-old entrepreneur who invests $350,000 in PRUVantage Assure:

  • Without PRUVantage Assure:

Initial portfolio: $1.0M

After 10 years of growth: $1.5M

During a market downturn: $1.2M

  • With PRUVantage Assure:

Initial portfolio: $1.0M

After 10 years of growth: $2.0M

During a market downturn: $1.7M

In this scenario, PRUVantage Assure helps Brenda:

  1. Grow her wealth by an additional $500,000 over 10 years .
  1. Protect her portfolio during a market downturn , leaving $1.7M for her family - $500,000 (or 42%) more than her original portfolio.

Long-Term Wealth Optimization: A Case Study

Let's look at how PRUVantage Assure can work over a longer period:

James, age 35, purchases a PRUVantage Assure Regular Premium plan, paying $10,000 annually for 10 years.

  • At age 51, James withdraws $50,000 for his son Brian's university fees.
  • At age 61, he withdraws $75,000 for his retirement.
  • At age 71, James changes the Life Assured to Brian (now 36).
  • At age 76, James assigns the policy to Brian (now 41).

By age 76 (policy year 41), the projected policy value could reach $8,398,319 (based on an 8% p.a. illustrated investment rate of return).

This example showcases how PRUVantage Assure can adapt to different life stages and be used for legacy planning .

Customization Options

Entry Age

From 1 to 80 years old (next birthday), depending on the premium term.

Minimum Premium

  • Single Premium: $50,000br>- Regular Premium: From $1,800 to $10,000 annually, depending on the premium term

Administration Charges

0.80% p.a. of the latest Initial Investment Account value, charged for 8 to 25 years depending on the premium term.

Bonuses

  • Single Premium: No Welcome Bonusbr>- Regular Premium: Up to 50% Welcome Bonus, depending on the premium term and amount

Top-ups

Minimum $1,000 via Investment Booster (3% premium charge applies)

Partial Withdrawals

Available with no withdrawal charge under certain conditions

Pros and Cons

Pros

  • Flexible investment options

  • Unique Wealth Assure feature for downside protection

  • Increasing coverage over time

  • Options for legacy planning

  • 100% investment from day one

  • Welcome and Loyalty bonuses

Cons

  • As an Investment-Linked Plan, returns are not guaranteed

  • Potential for loss of principal amount invested

  • Early termination may result in high costs and low surrender value

  • Complexity may require professional advice to fully understand

Important Considerations

  • Long-term Commitment : PRUVantage Assure is designed for long-term wealth accumulation. Early termination may result in significant losses.

  • Investment Risks : The performance of the ILP sub-funds is not guaranteed, and the value can fall or rise.

  • Past Performance : Remember that past performance doesn't guarantee future results.

  • Dividend Distributions : If you choose funds that distribute dividends, note that these are not guaranteed and may be paid out of capital.

  • Professional Advice : It's recommended to seek advice from a qualified Prudential Financial Consultant before purchasing.

  • Policy Protection : This policy is protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC).

Conclusion

PRUVantage Assure offers a unique combination of investment potential, downside protection, and flexibility . Its first-in-market Wealth Assure feature provides peace of mind in volatile markets, while the plan's adaptability allows it to change with your life circumstances. Whether you're looking to grow your wealth, protect your family's future, or plan your legacy, PRUVantage Assure could be a valuable tool in your financial arsenal.

However, like all investment products, it comes with risks and requires careful consideration. Your personal financial situation, risk tolerance, and long-term goals should all play a role in deciding if PRUVantage Assure is right for you.

Ready to explore if PRUVantage Assure fits into your financial plan? Don't rely on just one perspective. Get expert insights tailored to your unique situation . Sign up now to receive 5 expert opinions on how PRUVantage Assure could work for you. These professionals will review your specific needs and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of how this product could fit into your overall financial strategy. Don't leave your financial future to chance – get the expert advice you deserve today.

Get 5 Expert Opinions on PRUVantage Assure

Podcast Transcript: PruVantage Assure

Read the complete transcript of our expert discussion about PruVantage Assure. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.

Starting Your Financial Journey in Singapore

All right, welcome back to the deep dive. If you're a first jobber here in Singapore, navigating that exciting, maybe sometimes overwhelming n

Click above to view the complete podcast transcript

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Why people were suggested PruVantage Assure

Yani
Yani, 24
GenderFemale
Monthly Income$83,333.333
Insurance Types Suggested
  • Personal Accident
  • Whole Life
  • Investment Linked Plan
Why PRUVantage Assure (PVA) was suggested:
The PRUVantage Assure (PVA) investment-linked plan offers the prospect an opportunity to grow their wealth while enjoying protection features. The Wealth Assure Value feature provides a sense of assurance by locking in the highest daily value of the investment account, safeguarding the prospect's investments against market fluctuations.
zach
zach, 26
GenderMale
Monthly Income$8,083.333
Insurance Types Suggested
  • Term Life
  • Investment Linked Plan
Why PruVantage Assure was suggested:
The PruVantage Assure investment-linked policy (ILP) is recommended to help the prospect grow their wealth exponentially through consistent investing and counter the effects of inflation. With a premium of $9,600 per year (10% of annual income), the projected returns show the ability to accumulate a substantial retirement sum of $697,137 by age 50, and generate passive income of around $50,193 per year through dividend-generating funds.