Prudential PRUActive Retirement Review

The complete Pros and Cons on Prudential PRUActive Retirement

Prudential PRUActive Retirement is a retirement annuity plan that allows for single lump-sum premium payment with the choice of starting payout starting from age 50.

Prudential PRUActive Retirement product details

  • Life policy – Annuity
  • Premium Payment
    • Choose to pay a single lump-sum premium or regular term payment of 4 years up to your chosen payout age
  • Payouts
    • Choose your payout age from age 50 up to age 110 (flexible to adjust according to your needs)
    • Receive Guaranteed and Non-guaranteed Payouts that will never decrease and potentially increase with every year
    • Choose to re-invest your payouts at the prevailing rates to get a higher payout
  • Accidental Disability Benefit
    • In the event you become permanently disabled, all future premiums will be waived
  • Surviving Spouse Benefit
    • In the event of your passing away, your policy will be transferred to your spouse

 

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Features of Prudential PRUActive Retirement at a glance

Cash and Cash Withdrawal Benefits

  • Cash value: Yes
  • Cash withdrawal benefits: No

Health and Insurance Coverage

  • Death: No
  • Total Permanent Disability: No
  • Terminal Illness: No
  • Critical Illness: No
  • Early Critical Illness: No

Health and Insurance Coverage Multiplier

  • Death: No
  • Total Permanent Disability: No
  • Terminal Illness: No
  • Critical Illness: No
  • Early Critical Illness: No

Optional Add-on Riders

  • Crisis Waiver III
  • Early Stage Crisis Waiver
  • Payer Security  Plus

Additional Features and Benefits

Yes.

 

For further information and details, refer to Prudential website. Alternatively, fill-up the form below and let us advise accordingly.

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Prudential PRUActive Retirement may be suitable if you are looking for

Prudential PRUActive Retirement may potentially be a good fit if the following matters to you:

  • Regular cash payout upon your desired retirement age
  • Lump-sum payout upon maturity
  • Saving regularly over a period of time
  • Insurance options without medical underwriting
  • Do not need access to the funds until retirement
  • To potentially generate higher financial returns compared to bank accounts

Prudential PRUActive Retirement may not be suitable if you are looking for

Prudential PRUActive Retirement may potentially be a bad fit if the following matters to you:

  • Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
  • A one-time premium commitment with no further cash commitment
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

 

Read about: Why should you choose a shorter premium term on your insurance policies


Further considerations on Prudential PRUActive Retirement

  • How is Prudential or Prudential PRUActive Retirement investment returns based on historical performance?
  • How does Prudential PRUActive Retirement compare with retirement plans and annuity policies from other insurance companies?
  • Can Prudential PRUActive Retirement fulfill my financial, insurance, health, and protection needs?

 

The above information may not fully highlight all the product details and features on Prudential PRUActive Retirement. Talk to us or seek advice from a financial adviser before making any decision about Prudential PRUActive Retirement.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read about3 best Retirement plans and Annuity policies in Singapore (2020 Edition) *Updated*


Where can I compare the payout and benefits of retirement plans and annuity policies?

Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.

It is too late to regret once you have made your financial commitment. Specific product features, benefits, and payouts will differ more than you think across insurance companies.

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Is Prudential PRUActive Retirement suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

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Prudential PRUActive Retirement may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
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