Hi guys,
I'm a Financial Consultant from Prudential. Chanced upon this thread while googling up financial news. See that many of you have concerns regarding the benefits of savings plans. Am thinking of organizing a mini seminar/get-together to address queries on PruWealth and/or endowment policies if you are keen. As PruWealth is pretty new in Singapore, only launched a few months back over here, would love to share with those who are interested. If you are, do reply in the affirmative. Depending on the headcount, this seminar specially for forum users may or may not proceed.
Cheers
Ultimately, financial planning is a matter of great importance to your life, and requiring some level of commitment, should be in accordance to your needs and belief system. So hopefully there are no "shooting" of questions for its own sake, but that whatever is discussed becomes constructive to your planning. Hi all!
To address your queries..
Minimum Monthly premium for PruWealth is $204. 2% discount for premiums paid yearly. Premium payment terms of 5, 10, or 20years. Capital guaranteed at 20th policy year onwards. For those who dislike paying regular premiums over the span of a few years, you can make a lump sum advanced premium deposit, with an interest of ~1.75%.
AhPek_lion, you are right. You can hold the policy up to 100 age next birthday, and pass it two generations down. In essence, you can use it flexibly as a retirement annuity to supplement CPF Life payouts or as a legacy for your kids/grandchildren. It can serve as a passive income instrument if you hold it long enough to leverage on its potentially high returns. Past 10years annualized returns has been 5.2%.
Mcylo, there should never be an obligation to purchase the policy whether in online or offline discussion, unless you are convinced it is a suitable plan for you.
Blengend, seminars have its benefits of efficient discussion in a matter of 1-2 hours. Plus questions and answers tend to not be repetitive, as opposed to a thread where posts can become so many that the earlier ones are not read by later users, who pose similar questions that have already been addressed. Besides, the role of consultants is a balance between providing information on products and looking at individual situations and addressing specific needs, rather than purely being an information counter.
Anfield, I am a "she". You are not wrong that seminars are purposed, with the aim of informing, helping, and getting you to think. However, your takeaway from the session is within your control.
To all, believe you are here because you are genuinely curious about wealth accumulation.
Hi guys,
I'm a Financial Consultant from Prudential. Chanced upon this thread while googling up financial news. See that many of you have concerns regarding the benefits of savings plans. Am thinking of organizing a mini seminar/get-together to address queries on PruWealth and/or endowment policies if you are keen. As PruWealth is pretty new in Singapore, only launched a few months back over here, would love to share with those who are interested. If you are, do reply in the affirmative. Depending on the headcount, this seminar specially for forum users may or may not proceed.
Cheers
AhPek_Lion and Limster, this information is not available on the e-brochure from our commercial website. I just checked. It is, however, printed on the Customer Engagement Kit only available to Consultants.
Not sure why it's not on the brochure. It is indeed reflected as 5.2% on my end. However, it is always important to note that past few years annualized returns are not indicative of future returns.
have u questioned prudential on the figures?
