Pru Life UK introduces PRULifetime Income –
its latest traditional insurance product which provides a guaranteed 5% annual
payout for life and 200% lifetime protection for the family.
Policyholders can enjoy a guaranteed 5% yearly
payout to fund family needs such as major purchases, education expenses,
business needs, or retirement. The annual payout is equivalent to 5% of the sum
assured and is payable from the end of the 6th policy year or until
maturity, regardless of market conditions.
PRULifetime Income offers more comprehensive
financial protection with its 200% insurance coverage. Till age 100, the
insured can leave a double financial safety net for their loved ones no matter
what happens.
Payable for 5 or 10 years, the minimum
coverage amount is P250,000. This product is the ideal option for parents
planning for their child’s education, individuals with big purchase plans or
travel goals and those who want a financially secure retirement.
For P2 million sum assured for a 10-year-old
child, 10-year plan, get guaranteed P900,000 total payout at the age of 24,
earn continuously till age 100 and leave P4 million to the child’s future
family. A 30-year-old individual who wants P500,000 sum assured can get total
payout of P375,000 when he/she turns 50 to fund a business or vacation and
leave P1 million to loved ones in case of death.*
PRULifetime Income can also provide
non-guaranteed dividends starting at the third (3rd) policy year and
can be paid in cash, applied to premium due or left to accumulate interest set
by the Company.**
"Many
Filipinos now look for regular streams of income to pursue their life goals
without the fear of financial instability. We want to accelerate value creation
for our customers by delivering diverse financial products and solutions
tailored to address their evolving and unique needs at every life stage.
PRULifetime Income guarantees lifelong payouts plus double insurance coverage,
helping customers achieve financial security," Allan
Tumbaga, Pru Life UK EVP and Chief Customer & Marketing Officer, shares.
With its promise to be the
most trusted partner and protector for many Filipino families,
Pru Life UK continues to
listen to customer needs and provide high value-for-money financial offerings
accessible through its over 37,000 digitally-empowered agency force.
Pru Life UK sustains its
position as the leading life insurer in the Philippines with the highest New
Business Annual Premium Equivalent (NBAPE), according to the Insurance
Commission’s Life Insurance Sector Quarterly Statistics for Q1 2024. Read
about it here
To know more about
PRULifetime Income, talk to a Pru Life UK agent today or visit https://www.prulifeuk.com.ph/en/prulifetime-income
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