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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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 .
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.
Your protection starts at 103% of your total premium and increases by 3% each year, up to 160% of the total premiums paid.
You can adjust your coverage as needed , switch funds, make top-ups, or partial withdrawals.
Choose between Single Premium or Regular Premium terms of 5, 10, 15, 20, or 25 years.
All your premiums are invested from the first day , maximizing your growth potential.
Receive up to 50% additional units in the first year as a Welcome Bonus (for Regular Premium policies).
Get a 0.8% Loyalty Bonus every 8 years .
Change the Life Assured up to 3 times for individual-owned policies and unlimited times for corporate-owned policies.
Let's look at a hypothetical example:
Max, a 40-year-old non-smoker, invests a single premium of $100,000 in PRUVantage Assure.
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.
Consider Brenda, a 40-year-old entrepreneur who invests $350,000 in PRUVantage Assure:
Initial portfolio: $1.0M
After 10 years of growth: $1.5M
During a market downturn: $1.2M
Initial portfolio: $1.0M
After 10 years of growth: $2.0M
During a market downturn: $1.7M
In this scenario, PRUVantage Assure helps Brenda:
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.
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 .
From 1 to 80 years old (next birthday), depending on the premium term.
0.80% p.a. of the latest Initial Investment Account value, charged for 8 to 25 years depending on the premium term.
Minimum $1,000 via Investment Booster (3% premium charge applies)
Available with no withdrawal charge under certain conditions
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
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
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).
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.
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Read the complete transcript of our expert discussion about PruVantage Assure. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
All right, welcome back to the deep dive. If you're a first jobber here in Singapore, navigating that exciting, maybe sometimes overwhelming n
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