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Pru Lifetime Income and Pru Life Multiplier Flex

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Old 01-04-2017, 05:32 PM   #1
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Pru Lifetime Income and Pru Life Multiplier Flex

Hi

Can someone share with me how prulife time income works and quote me for the minimum premium 20yrs

- For ANB28 MALE NON SMOKER

and also need quote for prulife multiplier flex with eci 20yrs... Sum assured 50k with 400% till age 70

- FOR ANB29 Female non smoker

And can explain to me the claim limits for eci for this plan and other additional features.

Helping friend ask for quote. Thanks
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Old 01-04-2017, 06:05 PM   #2
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PruLifetime income is an annuity that pays you every year from the 2nd policy anniversary onwards, or you can choose to accumulate till the year you want to start receiving your payouts.

Premium term of 20 for male non-smoker anb 28 is $2425.50 minimum per year.

Total premium payable is $48,510 over 20 years.

Payout from 2nd - 9th policy anniversary = $330 non-guaranteed
Payout from 10th - 19th policy anniversary = $396 guaranteed + $330 non-guaranteed
Payout after premium term is done (20th anniversary) = $792 guaranteed + $990 non-guaranteed.

Death benefit is 105% of premiums paid during the premium payment years, and an increasing amount after premium payment years.



PruLife Multiplier flex with ECI 20 years 50k x4
Premium is $2,680.50/Yr for 20 years.

You will be able to claim the full 200k for ECI when age is <70. This covers you for life as well. This is an accelerated benefit meaning the plan ends when you claim the 200k.
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Old 01-04-2017, 06:46 PM   #3
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Thanks for the quotes. The new plan by prudential is indeed very competitive

I will pm u after I do my calculations
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Old 01-04-2017, 07:14 PM   #4
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Thanks for the quotes. The new plan by prudential is indeed very competitive

I will pm u after I do my calculations
Sorry made a mistake on the second quote, forgot to change some parameters, premium is $3,011.00 for 29 anb female non-smoker for Prulife Multiplier Flex!

The wrong quote was for the 28 anb male.
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Old 02-04-2017, 12:59 AM   #5
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Hi

Can someone share with me how prulife time income works and quote me for the minimum premium 20yrs

- For ANB28 MALE NON SMOKER

and also need quote for prulife multiplier flex with eci 20yrs... Sum assured 50k with 400% till age 70

- FOR ANB29 Female non smoker

And can explain to me the claim limits for eci for this plan and other additional features.

Helping friend ask for quote. Thanks
Hi blurpandasg2014,

If your friend is looking for Whole Life with 400% multiplier till age 70,

Aviva Whole Life is one of the most competitive in the market.
However, Aviva only has pay 10,15, or 25 years.

For your friend ANB 28, Female, Non-Smoker:

15-year Pay:
$50K Death/TPD/ECI, 400% Multiplier till age 70, thereafter 100% till life end costs $3,113/year.

Name: MyWholeLifePlan
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Last edited by mSnooze; 02-04-2017 at 01:36 AM..
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Old 02-04-2017, 01:17 AM   #6
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Hi blurpandasg2014,

If your friend is looking for Whole Life with 400% multiplier till age 70,

Aviva Whole Life is one of the most competitive in the market.
However, Aviva only has pay 10,15, or 25 years.

For your friend ANB 29, Female, Non-Smoker:

15-year Pay:
$50K Death/TPD/ECI, 400% Multiplier till age 70, thereafter 100% till 99 costs $3,188/year.

Name: MyWholeLifePlan
I will also let her know abt this. Btw my bad, her age is actually ANB28 not ANB 29
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Old 02-04-2017, 01:18 AM   #7
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Sorry made a mistake on the second quote, forgot to change some parameters, premium is $3,011.00 for 29 anb female non-smoker for Prulife Multiplier Flex!

The wrong quote was for the 28 anb male.
How come the price for ANB29 so much difference
My bad actually she is ANB28. Will the price be similar to the anb28 male
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Old 02-04-2017, 01:21 AM   #8
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I will also let her know abt this. Btw my bad, her age is actually ANB28 not ANB 29
ANB 28 will be $3,113/year, for a 15-year Pay.

If budget constraint can go for 25 years too, but 15 years will be better deal for her.
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Old 02-04-2017, 07:30 AM   #9
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I will also let her know abt this. Btw my bad, her age is actually ANB28 not ANB 29
$2,927.50 for 25 years, C.I and ECI are pricier for females compared to males, that's why the difference.
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Old 02-04-2017, 07:32 AM   #10
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Hi blurpandasg2014,

If your friend is looking for Whole Life with 400% multiplier till age 70,

Aviva Whole Life is one of the most competitive in the market.
However, Aviva only has pay 10,15, or 25 years.

For your friend ANB 28, Female, Non-Smoker:

15-year Pay:
$50K Death/TPD/ECI, 400% Multiplier till age 70, thereafter 100% till life end costs $3,113/year.

Name: MyWholeLifePlan
Nice, Aviva's ECI is a multiplier to 70 too? That's quite a lot of premium diff
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Old 02-04-2017, 09:23 AM   #11
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Aviva MyWholeLife is a head to head competitor to Prudential plan. Depending on the age group and gender. In some cases,eg older male, Prudential is better. In some cases, Aviva is better.
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Old 02-04-2017, 09:31 AM   #12
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Aviva MyWholeLife is a head to head competitor to Prudential plan. Depending on the age group and gender. In some cases,eg older male, Prudential is better. In some cases, Aviva is better.
Good to know thanks
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Old 09-07-2017, 01:10 AM   #13
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Is it worth to buy this plan?
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Old 09-07-2017, 09:07 AM   #14
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anyone can upload the BI ?
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Old 22-01-2018, 11:16 AM   #15
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just found this thread and I'm interested but not sure about details about prulifetime iincome.


https://www.prudential.com.sg/en/our...fetime-income/

how does it work? When they say minimum annual premium, what happens if you pay more than that?

total premium payable is $48,510 over 20 years.

Payout from 2nd - 9th policy anniversary = $330 non-guaranteed
Payout from 10th - 19th policy anniversary = $396 guaranteed + $330 non-guaranteed
Payout after premium term is done (20th anniversary) = $792 guaranteed + $990 non-guaranteed.
So the payout is annual? Going by this, do you make a loss (as in you pay $48510 in total but eventually get $2640 in all for all of year 2-9, then $7260 in all for year 10-19, then after the 20th anniversary $1782 a year?) - that means round 41 years to break even?

Since this is supposed to be a perpertual income plan, it gives regular payouts. But what happens to the captital invested in it? Is the only way to get all of it back upon death or disablement? Any info on the surrender terms?

also can someone give some general figures for this plan with these parameters?

42M non smoker,
4-year term
premium of $2000 monthly

what kind of regular benefits are we looking at? The borchure says yearly cash benefit of around $1000-$5400 yearly cash benefit, but what about the monthly payout?

finance noob here, please entertain, thank you
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Last edited by Sausage; 22-01-2018 at 02:10 PM..
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