Prulink Exact Protector Benefits

“This blog is the personal blog of AMIEL QUILACIO, an agent of Pru Life UK and only contains my personal views, thoughts and opinions. It is for information purposes only and is not endorsed by Pru Life UK nor does it constitute any official communication of Pru Life UK.” 

Pru Link Exact Protector

CONTACT US:

FACEBOOK PRIVATE MSG;

OR TXT/CALL 09428296674/09064843383

 We understand your dreams and we’re helping you reach them sooner with PruLink Exact Protector. Achieve your financial goals with plans to build up your savings in ten (10) to fifteen (15) years or more. 

BENEFITS:

 

• Starts with a minimum premium of PhP3,000/month for the 5 -year payment period or PhP2,750/month for 7, 10, and 15–year payment periods. A low-premium variant of this starts at PhP1,500/month for 10- and 15-pay
• Enjoys life protection benefit  equivalent to sum assured plus fund value
• An additional allocation of 10% (5% for dollar) of the annualized regular premium, called Loyalty Bonus1 is added in the fund for free from the 11th to the 15th policy year subject to certain conditions 
• Depending on your need or goal, you may attach additional benefits to your plan by choosing from a wide range of optional riders available. Or, you may avail of the PruLink Exact Protector packages which are customized to answer specific needs such as education, travel and vacation, and even future big purchases such as house and lot and brand new car
• Flexible options to increase or decrease your premiums, top-ups, withdrawals, and fund switching
• Choice of PruLink funds, investing either in a single fund or multi-funds2, to customize a well-diversified portfolio that is professionally managed by Eastspring Investments (Singapore) Limited (formerly known as Prudential Asset Management (Singapore) Limited)

Optional riders include: 
Protection against accident, death, and disability

• Accidental Death and Disablement - pays the benefit amount if life insured dies due to accident
• Personal Accident - indemnifies the insured for injury or death due to accident
• Additional Term – pays the benefit amount if life insured dies
• Payor Term - pays the benefit amount if the Payor dies
• Waiver of Premium on Total and Permanent Disability – waives all future premiums until the expiry date of premium payment term if the life insured becomes totally and permanently disabled due to bodily injury or disease
• Payor Waiver – waives all future premiums until the expiry date of premium payment term if the Payor becomes totally and permanently disabled 

Protection against critical illness

• Crisis Cover Benefit (CCB) – advances the benefit amount from the basic sum assured if the life insured has been diagnosed to be suffering from any of the 15 pre-identified critical illnesses or has undergone surgery due to critical illness
• Life Care Benefit (LCB) - advances the benefit amount from the basic sum assured if the life insured has been diagnosed to be suffering from any of the 36 critical illnesses or has undergone surgery due to critical illness
• Life Care Plus (LCP) - pays the benefit amount if the life insured has been diagnosed to be suffering from any of the 36 critical illnesses or has undergone surgery due to critical illness, while keeping the basic sum assured intact
• Mulitple Life Care Plus (MLCP) - a benefit that pays multiple critical illness claim paid on top of the basic insurance cover
• Life Care Advance Plus (LCAP) -  a benefit that pays an additional amount on top of the basic insurance cover upon early detection of any of the 10 listed critical illness 
• Life Care Waiver (LCW) - waives all future premiums until the expiry date of premium paying term if life insured is diagnosed to be suffering from any of the critical illnesses or has undergone surgery due to critical illness covered under CCB, LCB, or LCP

 Protection against hospital expenses

•  Hospital Income Benefits - provides daily and lump sum cash benefits to the life insured to cover the cost of hospitalization due to injury or illness
   

Product Packages:

PruEducate Plus
PruDream Builder Plus
PruLink Life Protector
PruLink Acci Protector
PruLink Health Protector
PruLink Premiere Protector

1Applies only to the 15-pay variant of the product
2The minimum allocation per fund is 5% of the premium paid, and should always be a multiple of 5.

HOW IT WORKS:

PruLink Exact Protector’s shorter paying periods allow for easier, more efficient planning. It offers both insurance protection and savings that give you a worry-free life. It is for clients who want lifetime protection and who prefer to pay the plan in a limited period.

And because it is an investment-linked plan, it also allows you to align your premium payments with your investment strategy, confident that your investment is backed by the rich financial experience of one of Asia’s most trusted and awarded fund managers – Eastspring Investments(Singapore) Limited.

FUNDING YOUR CHILD'S EDUCATION: An example of how PruLink Exact Protector can help you realize your dream
	The dream Mrs.Dela Cruz, aged 30, decides to buy a Prulink Exact Protector policy for her son who has just turned 3. The goal An income stream of PhP125, 000 increasing by 10% per year for 4 years to cover her son's tertiary education, when he turns 17.
The product solution PruEducate Plus
The investment PhP9,720.67 per month; at the end of 5 years, she would have paid a total of PhP583,240 in premiums. Assuming the fund she invested grew at 10% p.a., the investment would total PhP1,109,931.19 at age 17.
The insurance protection If Mrs. Dela Cruz dies during the payment period, the plan will be deemed fully-paid because of the Payor Waiver benefit. The family of Mrs. Dela Cruz also receives a lump sum amount equivalent to PhP300,000 from the proceeds of the Payor Term rider, which the family may use for Mrs. Dela Cruz’s final expenses. In addition, the plan also provides a benefit amount of PhP477,715 if Mrs. Dela Cruz’s son is disabled or dies due to accident or illness. This benefit may come from either the proceeds of the Total and Permanent Disability (TPD) or Accidental Death and Disablement (ADD) benefits depending on the cause of disablement or death. If the claim comes from ADD, it will be paid on top of the basic coverage which amounts also to PhP477,715. The fund value at time of death will also be given.
The returns After withdrawing a total of PhP580,125 for her son's education over 4 years, she still has a balance of PhP801,824.02 remaining in the policy. Since PruLink Exact Protector is a variable whole life plan, even after the partial withdrawals, she can keep the remaining fund value invested to earn more or withdraw it and surrender the policy.
*Fund returns, including the illustrated withdrawals, are based on the performance of the chosen fund/s, and thus are not guaranteed.

LIVING YOUR FUTURE DREAMS: An example of how PruLink Exact Protector can help you achieve them
	The dream Mr. Dela Cruz, aged 30 and single, purchases a PruLink Exact Protector policy to save for a house and lot worth PhP1,000,000 where he dreams to live when he marries and builds a family. The goal To buy his dream house and lot by the time he is 45 years old, 15 years later.
The product solution PruDream Builder Plus
The investment Premiums of PhP10,314.83 per month or PhP123,778 per year for 7 years. At age 37, he would have paid a total premium of PhP866,446. Assuming the fund he invested in grew at 10% p.a., his investment would total PhP1,957,677.76 at age 45.
The insurance protection If Mr. Dela Cruz is totally and permanently disabled due to injury or sickness during the paying period, the plan will be deemed fully-paid because of the Waiver of Premium due to Total and Permanent Disability. He will also receive a lump sum benefit equivalent to PhP283,750 from the proceeds of Total and Permanent Disability (TPD). If Mr. Dela Cruz is diagnosed with one of the 15 critical illnesses covered under Crisis Cover Benefit (CCB), he will also receive PhP283,750. Benefit payments from TPD and CCB are subtracted from the basic coverage which equals to PhP567,500. Alongside the basic coverage, the fund value will also be given to Mr. Dela Cruz’s beneficiary/ies upon his death.
The returns After withdrawing PhP1,000,000 on the 15th year, he will still have PhP957, 677.76 remaining in his policy; he can then choose to continue or withdraw and surrender his policy.
*Fund returns, including the illustrated withdrawals, are based on the performance of the chosen fund/s, and thus are not guaranteed.

1Applies only to the 15-pay variant of the product
2The minimum allocation per fund is 5% of the premium paid, and should always be a multiple of 5.

WHO CAN APPLY:

The life insured can be from zero (0) to seventy (70) years old for the basic plan. Issue age may vary for the optional riders. Consult a Pru Life UK financial adviser for the most appropriate policy for you, depending on your needs.

1Applies only to the 15-pay variant of the product
2The minimum allocation per fund is 5% of the premium paid, and should always be a multiple of 5.

CONTACT US:

FACEBOOK PRIVATE MSG;

OR TXT/CALL 09428296674/09064843383