Whole Life

PRUActive Life (II): Comprehensive Protection for Life's Evolving Journey

Life is a journey filled with exciting milestones and unexpected turns. As you navigate through different stages, your protection needs evolve. That's where PRUActive Life (II) comes in - a versatile whole-of-life insurance plan designed to grow with you , providing comprehensive coverage while building cash value over time. Let's dive deep into what makes PRUActive Life (II) a standout choice for those seeking flexible, long-term protection.

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What is PRUActive Life (II)?

PRUActive Life (II) is a whole-of-life insurance plan that offers a unique combination of protection and potential cash value accumulation. It's designed to adapt to your changing needs throughout life , providing comprehensive coverage against death, terminal illness, total and permanent disability, and critical illnesses. What sets it apart is its flexibility and customizable features , allowing you to tailor the plan to your specific requirements.

Key Features That Make PRUActive Life (II) Stand Out

Flexible Premium Payment Term

Choose to pay premiums for anywhere between 5 to 35 years. Align your payment term with your financial planning.

Multiplier Benefit

Boost your coverage up to 5 times until age 80 . Applies to Death, Terminal Illness, Total and Permanent Disability, and Critical Illness coverage.

Crisis Care Accelerator Benefit

Receive a payout for serious illnesses or accidents affecting major organs. Covers situations requiring admission to intensive care unit (ICU).

Early Crisis Care

Additional coverage for early-stage critical illnesses. Helps you get financial support at the crucial early stages of illness.

Kinship Booster Benefit

Extra coverage for Early and Intermediate Stage Medical Conditions. Includes Special Benefits such as Juvenile Medical Conditions.

Lifelong Protection

Coverage continues for life, even after premium payment term ends .

Cash Value Accumulation

Policy builds cash value over time, providing a potential financial resource.

Real premiums suggested for PRUActive Life (II)

20, Female making $4,000 a month

Coverage:
Death:
till age 75
$200,000
after age 75
$100,000
Accelerated Disability:
till age 75
$200,000
after age 75
$100,000
Accelerated Terminal Illness:
till age 75
$200,000
after age 75
$100,000
Premium:
$2,114
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25, Female making $4,301 a month

Coverage:
death:
till age 75
$200,000
after age 75
$100,000
accelerated disability:
till age 75
$200,000
after age 75
$100,000
accelerated terminal illness:
till age 75
$200,000
after age 75
$100,000
Premium:
$2,296
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26, Female making $5,265 a month

Coverage:
death coverage:
till age 75
$200,000
after age 75
$100,000
accelerated disability:
till age 75
$200,000
after age 75
$100,000
accelerated terminal illness:
till age 75
$200,000
after age 75
$100,000
Premium:
$2,318
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23, Female making $0 a month

Coverage:
TPD
$300,000
death
$300,000
critical illness
$120,000
terminal illness
$300,000
early critical illness
$60,000
Premium:
$192.57
Read More
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Detailed Breakdown of Benefits

Let's explore each key feature in more detail:

Flexible Premium Payment Term

You can choose to pay premiums for as short as 5 years or as long as 35 years. This flexibility allows you to align your insurance commitment with your financial goals.

Multiplier Benefit

This is a game-changer . You can multiply your basic coverage by 2, 3, 4, or even 5 times, significantly boosting your protection. You also get to choose when this multiplier expires - at age 65, 70, 75, or 80.

Crisis Care Accelerator Benefit

Provides a payout if you undergo surgery on vital organs (heart, lung, brain, kidney, liver) due to illness or accident, resulting in at least 3 consecutive days in ICU. It's capped at S$100,000 per life assured.

Early Crisis Care

Provides coverage for early-stage critical illnesses, giving you financial support when you need it most. This can help cover treatment costs or replace income if you need to take time off work.

Kinship Booster Benefit

If an immediate family member also purchases a PRUActive Life plan, your coverage for Death and Terminal Illness increases. This benefit is available for policies purchased on or before age 55 and is subject to a cap of S$100,000 per life assured.

Lifelong Protection

Even after you've completed your premium payments, your coverage continues for life . This ensures you have protection no matter how long you live, providing peace of mind for you and your loved ones.

Cash Value Accumulation

Over time, your policy builds cash value. This can serve as a financial resource in the future, whether for emergencies, supplementing retirement income, or leaving a legacy for your loved ones.

Real-Life Scenario: How PRUActive Life (II) Works

Let's look at how PRUActive Life (II) might work for someone like Suzie:

Suzie, a 31-year-old non-smoker, decides to purchase PRUActive Life (II) as she starts her creative career. Here's her plan:

  • She chooses a 3x Multiplier Benefit until age 80
  • Her coverage includes:
  • S$240,000 for Death, Terminal Illness (TI), and Total Permanent Disability (TPD)
  • S$120,000 for Critical Illness (CI)
  • S$60,000 for Early Critical Illness (ECI)
  • She opts for a 20-year premium payment term
  • Her annual premium is S$2,929.40

Here's how her coverage evolves over time:

Age 33: Suzie's husband, Peter, also purchases PRUActive Life. Thanks to the Kinship Booster Benefit, Suzie's coverage for Death and TI increases to S$248,000.

Age 46: Suzie is diagnosed with a Benign Tumour. After surgery and two months of recovery, she receives a Benign Tumour Benefit payout of S$4,000.

Age 50: Suzie has an accident that punctures her lungs, requiring surgery and 3 days in ICU. She receives a Crisis Care Accelerator Benefit payout of S$60,000.

Age 80: Suzie's Multiplier Benefit expires. She continues to be protected for life with PRUActive Life (II), covering S$68,000 for Death and TI, and S$20,000 for CI.

This scenario illustrates how PRUActive Life (II) provides comprehensive coverage throughout different life stages and unexpected events.

Premiums and Affordability

The cost of PRUActive Life (II) depends on various factors, including:

  • Your age
  • Your health status
  • The coverage amount you choose
  • The multiplier benefit you select
  • The premium payment term you opt for

While exact premiums aren't provided in the brochure, the example of Suzie paying S$2,929.40 annually for her coverage gives an idea of potential costs. It's important to note that premiums for the main plan and supplementary benefits are not guaranteed and may be adjusted based on future claims experience .

Why Compare PRUActive Life (II) with other Whole Life Options through Whatins?

Traditional Approach

  • Limited comparison of growth projections
  • Single company's whole life performance history
  • May oversimplify cash value benefits

Whatins Advantage

  • Compare whole life cash value projections across insurers
  • See different whole life dividend histories
  • Understand various whole life premium payment options
  • Compare guaranteed vs non-guaranteed values

Pros and Cons

Pros

  • Flexible premium payment terms

  • Customizable coverage with Multiplier Benefit

  • Comprehensive protection including early-stage critical illnesses

  • Lifelong coverage

  • Cash value accumulation

  • Unique benefits like Crisis Care Accelerator and Kinship Booster

Cons

  • Premiums are not guaranteed and may increase

  • Cash value accumulation may be slow in early years

  • Early termination may result in significant financial loss

Frequently Asked Questions

Can I change my coverage or premium payment term after purchasing?

You should check with Prudential about options for adjusting your policy after purchase.

What happens if I can't pay my premiums?

There may be a grace period, after which the policy could lapse. It's best to discuss options with Prudential if you face financial difficulties.

Is there a surrender value if I terminate the policy early?

Yes, but it may be less than the total premiums paid, especially in the early years of the policy.

Are there any exclusions to the coverage?

Like most insurance policies, there will be certain exclusions. It's important to review the policy documents for specific details.

How does the cash value grow over time?

The cash value accumulation is not guaranteed and depends on various factors. Your Financial Consultant can provide projections based on different scenarios.

Conclusion

PRUActive Life (II) offers a comprehensive and flexible approach to life insurance, designed to adapt to your changing needs throughout life. With its unique features like the Multiplier Benefit, Crisis Care Accelerator, and Kinship Booster, it provides robust protection against a wide range of life's uncertainties . The ability to customize your coverage and premium payment term makes it a versatile choice for many individuals.

However, as with any financial decision, it's crucial to carefully consider your personal needs, financial situation, and long-term goals before committing to a policy. While PRUActive Life (II) offers many attractive features, it's important to understand that premiums may increase over time and early termination can result in financial loss.

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Why people were suggested PRUActive Life (II)

sam
sam, 20
GenderFemale
Monthly Income$4,000
Insurance Types Suggested
  • Hospital
  • Personal Accident
  • Critical Illness
  • Disability
  • Term Life
  • Whole Life
  • Investment Linked Plan
  • Endowment
Why PruActive Life Whole Life Plan was suggested:
The PruActive Life Whole Life Plan offers a 2x multiplier benefit until age 75, doubling the coverage amount during prime years. The $200k coverage until age 75 provides comprehensive protection, while the transition to $100k after age 75 offers a cost-effective solution. This plan balances present needs with future goals, ensuring financial security for beneficiaries.
Lynn
Lynn, 25
GenderFemale
Monthly Income$4,301
Insurance Types Suggested
  • Hospital
  • Critical Illness
  • Whole Life
  • Endowment
Why PruActive Life was suggested:
PruActive Life is a whole life plan that provides comprehensive coverage for death, accelerated disability, and accelerated terminal illness. The 2x multiplier benefit until age 75 ensures a substantial payout during your prime years, while the transition to a lower coverage amount after age 75 offers a cost-effective solution aligned with your budget.
Anne
Anne, 26
GenderFemale
Monthly Income$5,265
Insurance Types Suggested
  • Personal Accident
  • Critical Illness
  • Disability
  • Whole Life
Why Whole Life Plan was suggested:
The Whole Life Plan offers tailored protection with a 2x multiplier benefit until age 75, providing a substantial payout to beneficiaries in case of unforeseen circumstances. The transition to a lower coverage amount after age 75 ensures cost-effectiveness while still providing financial security, aligning with the prospect's budget considerations and long-term goals.
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