In today's uncertain world, planning for your family's financial security is more important than ever. Did you know that according to a recent survey, 70% of Singaporeans are worried about their long-term financial stability? If you're looking for a flexible savings plan that can adapt to your changing needs while providing protection, PRUWealth Plus (SGD) might be the solution you've been searching for.
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PRUWealth Plus (SGD) is a flexible savings and protection plan designed to help you grow your wealth while safeguarding your family's future . It offers a unique combination of long-term savings potential, financial flexibility, and life protection. This plan is ideal for those who want to maximize their savings growth while maintaining the ability to access funds when needed.
Potential returns up to age 130
Choice of single or regular premium options (5, 10, 15, or 20 years)
Option to use Supplementary Retirement Scheme (SRS) funds for single premium plans
Capital guarantee after the 10th year (terms apply)
Option to defer premium payments for up to 2 years in times of need
One-time payout of up to 50% of your annual premium in case of job loss
Premium waiver for up to 1 year if an immediate family member passes away
Make withdrawals to fund important life events
Let your wealth grow over a longer period if desired
Death and accidental death benefits
Options to appoint a secondary life assured, joint ownership, and change of life assured
No medical examination required (conditions apply)
| Age | What suggestion covers | Premium |
|---|---|---|
| 20, Female making $4,000 a month | $[object Object] |
Single Premium: Pay once and you're set. Regular Premium: Choose from 5, 10, 15, or 20-year payment terms.
Your savings have the potential to grow until age 130. Bonuses are added to your policy, increasing its value over time (not guaranteed).
After 10 years for single premium plans. After 15-19 years for regular premium plans (depending on payment term).
Access your funds when needed for life's milestones. Any withdrawal is considered a partial surrender and may affect the policy's long-term value.
Death benefit: Payout to your beneficiaries if you pass away. Accidental death benefit: Additional payout in case of accidental death.
Retrenchment benefit: One-time payout if you lose your job. Premium waiver: If an immediate family member passes away. Option to change life assured: Transfer the policy to another family member.
These scenarios demonstrate how PRUWealth Plus (SGD) can adapt to different life situations while still providing long-term growth potential.
Marcus pays $8,000 annually for 5 years (total $40,000)
At age 50 (Year 10): Policy value is $106,825 (2.6x premiums paid)
At age 60 (Year 20): Policy value is $156,227 (3.9x premiums paid)
At age 70 (Year 30): Policy value is $224,344 (5.6x premiums paid)
At age 80 (Year 40): Policy value is $323,200 (8x premiums paid)
Marcus pays $8,000 annually for 5 years
Year 5: Marcus is retrenched but finds a new job within 3 months. He receives a $4,000 retrenchment benefit.
Year 11: Marcus changes the life assured to Ellie
Year 20: Marcus withdraws $10,000 for a family vacation
Year 25: Marcus gifts the policy to Ellie
Flexible premium payment options
Long-term growth potential (up to age 130)
Capital guarantee feature
Withdrawal flexibility
Additional protection benefits (death, accidental death)
Unique features like retrenchment benefit and premium waiver
Option to change life assured
No medical examination required (conditions apply)
Bonuses are not guaranteed
Withdrawals may affect long-term policy value
Surrender value may be less than total premiums paid if terminated early
Some features not available for SRS-funded policies
This plan might be suitable if you:
Yes, but only for single premium plans. Some features may not be available for SRS-funded policies.
You can defer premium payments for up to 2 years if you meet certain conditions.
Yes, you can change the life assured to another family member after certain conditions are met.
No, bonuses are not guaranteed and will vary based on the performance of the participating fund.
Early termination may result in high costs, and the surrender value may be less than the total premiums paid.
PRUWealth Plus (SGD) offers a unique combination of savings growth potential, financial flexibility, and family protection. Its adaptability to various life stages and circumstances makes it an attractive option for those looking to secure their family's financial future while maintaining access to their funds.
However, as with any financial decision, it's crucial to carefully consider your personal needs, goals, and circumstances before committing to a plan. While PRUWealth Plus (SGD) offers many benefits, it's important to understand its limitations and potential risks as well.
Ready to explore if PRUWealth Plus (SGD) is the right fit for your financial journey? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on savings and protection plans . 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 your options and ensure you're choosing the best plan for your family's future. Don't leave your financial security to chance – get the expert advice you deserve today .
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