PRULifetime Income is a traditional insurance offer that guarantees a 5% annual payout for life that can help prepare financially for a child’s education, emergency needs, or any milestone.
The annual payout is equivalent to 5% of the sum assured. It is payable from the end of the 6th policy year until maturity, regardless of market conditions.
200% insurance coverage is also another feature of this new product. 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.
“I want to start a solid financial foundation for my kids and even for my grandkids,” shares a dad of two, which can resonate with many parents. By starting early and making thoughtful financial plans, families can achieve the peace of mind and stability they aspire.
For instance, if a parent gets PRULifetime Income with P2 million sum assured for a 10-year-old child, 10-year-pay, the plan gets a guaranteed P900,000 total payout at the age of 24, earns continuously until age 100 and leaves P4 million to the child’s future family.*
This structured approach not only secures financial stability for future generations but also aligns with Pru Life UK's commitment to empowering families through reliable and sustainable financial solutions.
In case you missed it, check out this PRULifetime Income film https://www.youtube.com/watch?v=KLXea2bLBhQ
PRULifetime Income offers parents the peace of mind of knowing their children's financial future is secure, supporting Pru Life UK's mission to provide lasting value and support to Filipino families.
Additional financial protection
PRULifetime Income can also provide non-guaranteed dividends starting at the third (3rd) policy year. It can be paid in cash, applied to the premium due, or left to accumulate interest set by the Company.**
PRULifetime Income also provides the option to enhance coverage with additional riders such as Total and Permanent Disability Plus (TPD+), Accidental Death and Disablement (ADD), Personal Accident (PA), and Waiver of Premium on Total and Permanent Disability (WPTPD). These riders offer extra protection and ensure that families are well-covered against various risks.
Supporting the financial goals of Filipino families
As the most trusted partner for many Filipino families, Pru Life UK is dedicated to addressing customer needs and providing high value-for-money financial solutions through its 38,000 agency force.
"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," emphasizes Allan Tumbaga, Pru Life UK EVP and Chief Customer & Marketing Officer.
To know more about PRULifetime Income, talk to a Pru Life UK agent today or visit https://www.prulifeuk.com.ph/en/prulifetime-income.
*Guaranteed 5% annual cash payout and 200% insurance coverage based on sum assured. Annual payout is payable from the end of the 6th policy year until maturity if the insured is alive during the payout dates. Product terms & conditions apply. Policyowner & insured should be in the Philippines at the time of sale.
**Dividends and dividend accumulation rates are not guaranteed.
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About Pru Life UK
Established in 1996, Pru Life UK is the pioneer of insuravest, or investment-linked life insurance products, in the Philippines and is one of the first life insurance companies approved to distribute US dollar-denominated investment-linked life insurance policies in the country. Since its establishment, Pru Life UK has expanded its reach to over 170 branches and general agency offices in the Philippines, with the largest life insurance agency force with more than 37,000 licensed agents.
The company ranks #1 for New Business Annual Premium Equivalent and Total Premium Income from Variable Life Insurance Products according to the Insurance Commission’s Life Insurance Sector Quarterly Statistics for Q1 2024. Pru Life UK is headquartered in Uptown Bonifacio, Taguig City.
Pru Life UK and Prudential are not affiliated with Prudential Financial, Inc. (a company whose principal place of business is in the United States of America), Prudential Assurance Company (a subsidiary of M&G plc, a company incorporated in the United Kingdom), Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies). Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.
For more information: www.prulifeuk.com.ph
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