PruCover Total Refund

[Panerex]

just received an email blast on this...

anyone analyzed it before?

http://www.prudential.com.sg/export...s/PRUcover_total_refund_eBrochure_english.pdf

On paper, it looks attractive.

Total Premium Refund if no claim at end of policy period.

What you experts out there think?

 

[edwinttt1978]

just received an email blast on this...

anyone analyzed it before?

http://www.prudential.com.sg/export...s/PRUcover_total_refund_eBrochure_english.pdf

On paper, it looks attractive.

Total Premium Refund if no claim at end of policy period.

What you experts out there think?

If it looks attracitve, it must be good.
If it is good, it must not be missed.

 

[Perisher]

If it looks attracitve, it must be good.
If it is good, it must not be missed.

Erm, are you ok?

 

[edwinttt1978]

Erm, are you ok?

I'm non-financially savvy and I know Prudential won't bluff people. When Prudential says it is good, it must be good for me.

Prudential financials advisors are highly-trained to take care of non-financial savvy people like me, are they not?

Therefore, I am going to use my entire life savings to buy this policy. I trust Prudential. Always listening. Always there.

 

[Perisher]

I'm non-financially savvy and I know Prudential won't bluff people. When Prudential says it is good, it must be good for me.

Prudential financials advisors are highly-trained to take care of non-financial savvy people like me, are they not?

Therefore, I am going to use my entire life savings to buy this policy. I trust Prudential. Always listening. Always there.

Your absolute trust in them isn't advisable.
No one cares more about your finance than yourself.

 

[kehyi4]

sarcasm
ˈsɑːkaz(ə)m
noun
noun: sarcasm; plural noun: sarcasms
the use of irony to mock or convey contempt.

synonyms: derision, mockery, ridicule, satire, irony, scorn, sneering, scoffing, gibing, taunting;

Origin
mid 16th century: from French sarcasme, or via late Latin from late Greek sarkasmos, from Greek sarkazein ‘tear flesh’, in late Greek ‘gnash the teeth, speak bitterly’ (from sarx, sark- ‘flesh’).

 

[FP_IFA]

Plan is at least twice as expensive so the extra cash is used to generate the premium payback. Think of a normal term + endowment.

 

[Shion]

Plan is at least twice as expensive so the extra cash is used to generate the premium payback. Think of a normal term + endowment.

Hmm...It appears that as long as you activate the CI portion, there will be no "refund" ?

 

[FP_IFA]

Hmm...It appears that as long as you activate the CI portion, there will be no "refund" ?

Yeah since the payout is already more than the premium paid. But if the payout is for the special benefit (10% of sum assured), then you still get the "refund". But note also special benefit payout does not waive the premium.

 

[Shion]

Yeah since the payout is already more than the premium paid. But if the payout is for the special benefit (10% of sum assured), then you still get the "refund". But note also special benefit payout does not waive the premium.

Yes, I saw. Unless you add in the Early Payer Security

I guess this plan is likely to be quite expensive