Prudential PRUActive Retirement – Safeguard against market volatility.
Choose to pay a single premium term over a regular period and recieve payouts from the age 50 up to age 110 with the freedom to adjust according to your changing needs.
With Prudential PRUActive Saver, you get a highly customisable retirement plan to suit your needs. Be assured to receive same or more monthly income year on year.
Retirement is a time we all look forward to after a lifetime of hard work. With the rising cost of living and people living longer, financial security is all the more vital. You decide the standard of living you want to do more of what you love, and maybe even retire sooner than you planned.
PRUActive Retirement can help you do just that. It’s a unique plan that’s highly customisable, designed to give you flexibility, financial security and therefore the freedom to retire the way you want. It’s a first-of-its-kind retirement plan designed to weather market volatility, providing you with a steady cumulative retirement income.
- Premium term (You pay an insurance premium for): Single lump sum or up to 4 years before retirement income payout age
- Policy term (You receive a retirement income for): Up to age 110
- Retirement income payout age: Choose your own retirement age ( above 50 year old)
- Retirement income payout mode: Monthly
| Prudential PRUActive Retirement (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| Policy cash value | ||
| Surrender value | ||
| Regular retirement income payouts (Monthly/ Yearly) | ||
| Health and Insurance coverage(s) | Yes | No |
| Death coverage | ||
| Total and Permanent Disability coverage | X | |
| Terminal Illness coverage | X | |
| Critical Illness coverage | X | |
| Early Critical Illness coverage | X | |
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Option to reinvest your monthly retirement income | ||
| Waiver of future premiums upon accidental disability | ||
| Surviving spouse benefit | ||
| Potentially increase in monthly income | ||
| Flexibility to change your payout tenure | ||
Additional product feature(s) on Prudential PRUActive Saver
Detailed features and unique selling points of Prudential PRUActive Saver:
Option to reinvest your monthly retirement income
- Enjoy the option of reinvesting your monthly retirement income with Prudential at a non-guaranteed rate of up to 3% p.a.
Waiver of future premiums upon accidental disability
- In case of disability caused by an accident, you will receive additional monthly income aid, and all future premiums will be waived.
Surviving spouse benefit
- Your appointed spouse can succeed your policy upon death, effective only if main life assured passes on after premium payment ends, applicable for joint ownership between husband and wife.
Potentially increase in monthly income
- The non-guaranteed portion of your monthly income can potentially increase in value due to additional bonus declaration.
Flexibility to change your payout tenure
- You can make adjustments to your stated retirement income payout period any time until two months before the start of the payout period.
Additional riders for Prudential PRUActive Saver
The following riders can be added on to your Prudential PRUActive Saver at an additional cost for greater assurance to your retirement goals:
- Crisis Waiver III – Waiver of premiums upon diagnosis of any one of the 35 covered critical illnesses.
- Early Stage Crisis Waiver – Waiver of premiums for five years upon diagnosis of early-stage medical conditions and allows a claim for a second time. Waiver of premiums for up to10 years upon diagnosis of intermediate stage medical conditions.
- Payer Security Plus – Waive the premiums of your spouse’s or child’s policy in the event that death, Total and Permanent Disability or Critical Illness should strike you.
Who should take up a Prudential PRUActive Saver?
Prudential PRUActive Saver is a retirement income plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Prudential PRUActive Saver is suitable for
- Mid to long term wealth enhancement
- Flexibility to choose when to receive your monthly retirement income payout
- Providing a monthly retirement income over a selected period of years (Up to age 110)
- Mid to long term savings commitment period
- Retirement product with yearly guaranteed cash benefits in your retirement years
- Hassle-free application without medical underwriting (If no riders are added)
- Do not need access or partial withdrawal on your savings until your retirement age
Prudential PRUActive Saver is not suitable for
- High insurance protection and coverage
- Providing additional guaranteed income payout in the event of disability
- Investment product with potentially higher returns and risk
- High surrender value in the early years of the policy
Sample policy illustration for Prudential PRUActive Saver
Coming soon.
Learn more about Prudential PRUActive Saver
Leave your personal details via the retirement income plan contact form to receive your personalised quote. You may also compare plans similar to Prudential PRUActive Saver using the retirement income plan comparison portal.
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