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We understand
you want to build wealth
for your loved ones
PRUlink
heritage account
Your loved ones mean the world to you. Naturally, you want
to ensure that they will still be well-provided for no matter
what happens in life. It is also important that you leave a
heritage for them by creating a “future” wealth so that they
will be able to enjoy their pursuits in life through your gift of
wealth for them.
The PRUlink heritage account (PHA) is a plan that aims to
create wealth for your loved ones with peace of mind. As a
whole-life1 investment linked policy, PHA covers you against
Death, Terminal Illness2, and Total and Permanent Disability2,
and provides a non-guaranteed cash value3.
PHA can also serve as an effective investment vehicle that
can deliver potentially higher returns or growth.
The assurance charges stop in 25 years 4,5.
The reassurance doesn’t.
With PHA, we help to ensure that your policy will work harder
for you as your monthly assurance charges will stop after 25
years4,5. This means that you do not need to pay a lifetime
of assurance charges4,5 which usually become more costly
as you grow older. Without the worry of lifelong assurance
charges4,5, PHA helps you to create and accumulate more
wealth for your loved ones in subsequent years as well.
Enhanced wealth accumulation
As wealth creation and accumulation for loved ones is
important, PHA can help you enjoy potentially higher
investment returns. With PHA, you can build your wealth even
faster by making a Top-Up Premium (Lump Sum)6 for more
aggressive investments to seek potentially higher returns.
We have a wide range of PRUlink funds spanning different
regions, asset classes and investment strategies to meet
your investment objectives based on your risk appetite to
potentially maximise your returns. To balance your investments
more effectively, you can also switch freely between funds7 to
rebalance your investment portfolio at no extra charge.
Increasing investment allocation
Over the years, the percentage of your PHA premiums
that is set aside for investment keeps increasing and it
can be as high as 107% allocation rate from the 10th
year that you pay your premiums 8 . This translates into
higher potential returns over the duration of the policy
as more units are allocated for investments to build up
your PHA.
Enhanced security for wealth creation
When critical illness strikes, you don’t want all your
investments or money put into creating wealth for your
loved ones to be in vain. For added reassurance, you can
add on supplementary benefits such as Crisis Waiver III 9,
Payer Security III10 or Payer Security Plus10. Should unforeseen
circumstances such as critical illnesses strike, these benefits
will waive all your future premiums and you will have the
peace of mind to know that your loved ones will be provided
for comfortably.
Other Key Benefits
You can also adjust your policy any time before the age of
55 by increasing or decreasing your premiums11, to suit your
financial ability and changing needs. You can even make
partial withdrawals on your PHA for additional liquidity to
provide for your other pursuits.
Call your Prudential Financial Consultant or our
PruCustomer Line at 1800 333 0 333 today, or visit
www.prudential.com.sg
Footnotes:
1. If there are no or insuf ficient units in your polic y, your polic y will
terminate except during the No Lapse Period. Please refer to the
Product Summary for more details.
2. PHA provides coverage against Terminal Illness and Total and
Permanent Disability during the term of the policy, and before the
anniversary of the policy on which the life assured will attain the age
of 65. The life assured cannot claim for both Terminal Illness and Total
and Permanent Disability.
3. The non-guaranteed cash value is the value of all the units in your
policy account, calculated at bid price.
4. If you increase your regular premium, it will result in an increase in your
sum assured. Assurance charges are payable monthly. The monthly
assurance charges for the increased portion of the sum assured will
be charged for up to 25 years from the date your increase in premium
becomes effective. These charges will be based on the age when you
make an increase in premium. This will form a separate stream of
monthly assurance charges of up to 25 years from your existing stream
of monthly assurance charges.
5. We reserve the right to vary the assurance charges for the basic
benefits of Death, Total and Permanent Disability and Terminal
Illness. We currently charge a monthly administration charge of $10.
We reserve the right to increase the administration charge up to a
maximum of $20 per month and extend the administration charge
beyond 25 years.
6. For Top-Up Premium ( Lump Sum) , there is a net sales charge and a
non-guaranteed top-up administration fee. The non-guaranteed topup administration charge is currently zero.
7. We reserve the right to levy a switching fee.
8. We reser ve the right to change the premium allocation rates for polic y
year 10 and onwards.
9. You may add Crisis Waiver III to your main polic y at any time if:
- it is available; and
- you are in good health, as may be determined by us; and
- you are within the age limits; and
- you pay the additional premium.
10.You may add Payer Security III or Payer Security Plus to your main
policy at any time if:
- it is available; and
- you are in good health, as may be determined by us; and
- you and the life assured are within the age limits; and
- you pay the additional premium.
11. We reserve the right to change the premium allocation rates relating
to such new premiums. Increase in premium will increase sum assured,
subject to underwriting. Increase or reduction in premium will cause a
corresponding increase or reduction in sum assured.
Note:
Buying a life insurance policy is a long-term commitment. An early termination
of the policy usually involves high costs and the surrender value payable (if
any) may be less than the total premiums paid. Investment products are
subject to investment risks including the possible loss of the principal amount
invested. The value of the units and the income accruing to the units (if
any) may fall or rise. Buying health insurance products that are not suitable
for you may impact your ability to finance your future healthcare needs.
Premiums for some of the supplementary benefits are not guaranteed and
may be adjusted based on future claims experience. You are recommended
to seek advice from a qualified Prudential Financial Consultant for a financial
analysis before purchasing a policy suitable to meet your needs. This
brochure is for reference only and is not a contract of insurance. Please refer
to the exact terms and conditions, specific details and exclusions applicable
to these insurance products in the policy documents that can be obtained
from your Prudential Financial Consultant. This brochure is for distribution in
Singapore only and shall not be construed as an offer to sell or solicitation
to buy or provision of any insurance product outside Singapore. In case of
discrepancy between the English and Mandarin versions of this brochure,
the English version shall prevail. Information is correct as at 27 May 2016.
INVEST
Prudential Assurance Company Singapore (Pte) Limited.
(Reg. No. 199002477Z)
30 Cecil Street #30-01 Prudential Tower
Singapore 049712
Tel: 1800 333 0 333 Fax: 6734 6953
Part of Prudential plc