Prudential PRUMortgage Refund Review

The complete Pros and Cons on Prudential PRUMortgage Refund

Prudential PRUMortgage Refund payout helps pay the remainder of the mortgage in the event you or your partner were to pass on or is diagnosed with a terminal illness.

You can choose to add on a rider to cover you and your partner against Total and Permanent Disability

All premiums will be refunded at the end of the policy if no claim was made.

Prudential PRUMortgage Refund product details

  • Non-participating policy – Term policy
  • Coverage
    • Receive coverage against Death and Terminal Illness
  • Premium Payment
    • Choose to pay premiums for policy terms 10 to 35 years, up to 75 years old
    • Choose to pay premiums monthly, quarterly, semi-annually, or annually
  • Partner Coverage
    • If your partner is a joint owner of the mortgage loan, he/she receives the same protection
  • Premium Cashback
    • Receive 100% of premiums paid back at the end of the policy if no claims were made
  • Optional add-on
    • You can choose to receive protection against Total and Permanent Disability for more comprehensive coverage among other riders

 

Read AboutTerm Policy: How does it work?


Features of Prudential PRUMortgage Refund at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
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

  • Disability
  • Crisis Waiver III
  • Early Stage Crisis Waiver

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.

Read Also: No budget for financial planning?


Prudential PRUMortgage Refund may be suitable if you are looking for

Prudential PRUMortgage Refund may potentially be a good fit if the following matters to you:

  • High 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
  • Lower initial premium compared to other types of insurance policies
  • Looking to boost insurance coverage or fill shortfalls in an insurance portfolio

 

Prudential PRUMortgage Refund may not be suitable if you are looking for

Prudential PRUMortgage Refund may potentially be a bad fit if the following matters to you:

  • Long-term cash accumulation
  • Regular cash payout
  • A one-time premium commitment with no further cash commitment
  • Insurance policy with a surrender value.

 

Read About3 things to consider before taking up a new financial product


Further considerations on Prudential PRUMortgage Refund

  • How is Prudential or Prudential PRUMortgage Refund payout and claims based on past track record?
  • How does Prudential PRUMortgage Refund compare with Term policy from other insurance companies?
  • Can Prudential PRUMortgage Refund fulfill my financial, insurance, health, and protection needs?

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

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


Is Prudential PRUMortgage Refund suitable for me?

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

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

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Before you go...
Prudential PRUmortgage Refund 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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