“This blog is the personal blog of AMIEL QUILACIO, an agent of Pru Life UK and only contains my personal views, thoughts and opinions. It is for information purposes only and is not endorsed by Pru Life UK nor does it constitute any official communication of Pru Life UK.”
PruLink Investor Account Plus (PIA Plus)
Pru Life UK introduced the PruLink Investor Account (PIA) to the Philippines in 2002, the first of its kind unit-linked insurance product in the country. PIA is a single-pay variable life product that gives both life insurance coverage and investment. An option to “top-up” or add to the investment is allowed, which will also increase the sum assured of the policy. PIA is available in both peso and dollar denominations.
Launched in June 2012, PIA Plus is the upgraded version of PIA. Aside from its original lineup of benefits, PIA Plus also has a Guaranteed Issue Offer (GIO), wherein no medical underwriting will be required for the life insured. The initial charge is at 3% of the single premium, and optional benefits can be attached.
BENEFITS:
- Starts with a minimum of PhP100,000 or USD 2,500
- Enjoys life protection benefit1 of 125% of the invested capital or the value of your funds, whichever is higher
- Optional benefits such as Non-accelerated Total and Permanent Disability, Personal Accident, and Additional Term riders that provide additional protection coverage may be attached
- Hassle free sign up with no health underwriting and health declaration at time of application2
- Flexible options to do top-ups and withdrawals3
- Four (4) free fund switches per year to match your changing investment objectives and risk profile
- Choice of PruLink funds, investing either in a single fund or multi-funds, to customize a well-diversified portfolio that is professionally managed by Eastspring Investments (Singapore) Limited (formerly known as Prudential Asset Management (Singapore) Limited)
HOW IT WORKS:
he illustrations above are based on an insured age 30, male, and are invested 100% in PruLink Bond Fund. Optional benefits attached are Non-accelerated Total and Permanent Disability, Personal Accident, and Additional Term with sum assured equal to the indicated single premium.
Investment returns used are net of final tax, Annual Management Charge, and other investment expenses.
The values are based on the projected performance of the fund where your policy is linked. Because fund performance is not guaranteed, the values are also not guaranteed. In addition, the assumed investment returns used in projecting the Low, Current, and High values represent a range of possible returns that may be achieved by the fund. The High and Low assumptions are only for illustration purposes and do not represent the upper and lower limit of the actual investment that may occur.
The High and Low investment returns, at 10% and 4%, are those prescribed by the Insurance Commission. The illustrated Current investment return is based on the actual average investment return experienced by the Fund in the last 36 months, as indicated in the Historical Unit Fund Performance page, except that if the average exceeds 10%, the illustrated investment return is capped at 10%.
1Applies except if cause of death is due to natural cause during the first two policy years, in which case protection or death benefit is equal to the value of units plus return of all charges.
2Applies if Non-accelerated Total and Permanent Disability and/or Personal Accident rider is/are not attached.3Partial withdrawals are charged if made during the first five years of the policy as follows: 5% on the first policy year, 4% on the second policy year, 3% on the third policy year, 2% on the fourth policy year, and 1% on the fifth policy year.
6Assumes that no other transactions were made in the policy such as top-ups and withdrawals.
WHO CAN APPLY
The life insured can be from zero (0) to seventy (70) years old.
FOR FREE QUOTATION:
OR TX/CALL AT 09428296674/09064843383
