Planning for retirement is a crucial step in securing your financial future. As life expectancy increases and the cost of living continues to rise, having a robust retirement plan becomes more important than ever. Prudential's PRUActive Retirement II is a comprehensive solution designed to address these challenges. This innovative retirement plan offers flexibility, financial security, and the freedom to retire on your own terms. With its unique features and customizable options, PRUActive Retirement II stands out as a powerful tool to help you achieve the retirement lifestyle you've always dreamed of.
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PRUActive Retirement II is a participating endowment plan that offers both regular and single premium payment options. As a participating plan, it provides policyholders with the opportunity to benefit from potential bonuses and dividends based on the performance of Prudential's participating fund. This means that in addition to the guaranteed benefits, you may receive non-guaranteed returns that can enhance your overall retirement income. The flexibility to choose between regular premiums or a single lump sum payment allows you to tailor the plan to your financial situation and goals. However, it's important to note that the non-guaranteed portion of the returns is subject to market conditions and the performance of the participating fund.
PRUActive Retirement II offers a range of customizable features to help you tailor your retirement plan to your specific needs. From guaranteed benefits to potential bonuses, this plan provides various options to secure your financial future. Let's explore the key aspects of coverage customization available with this innovative retirement solution.
Secure fixed payouts. PRUActive Retirement II provides a guaranteed monthly income starting from your chosen retirement age. This ensures a stable financial foundation throughout your retirement years.
Potential for growth. In addition to the guaranteed income, you may receive non-guaranteed bonuses and dividends that can increase your overall retirement income, subject to the performance of the participating fund.
Income that never decreases. The unique Step-Up Income feature ensures that your non-guaranteed income will never decrease from one year to the next, providing potential for income growth over time.
Customize your retirement. Choose to start receiving payouts as early as age 50, with payout periods ranging from 10 to 30 years. This flexibility allows you to align your income with your retirement plans.
| Age | What suggestion covers | Premium |
|---|---|---|
| 57, Female making $2,888 a month | Not elaborated | Not provided |
PRUActive Retirement II goes beyond basic retirement planning by offering a range of additional benefits and riders to enhance your coverage. These features provide extra protection and flexibility, allowing you to customize your plan to meet your specific needs. Let's explore the key riders and benefits that can complement your retirement strategy.
Enhanced protection. If you become disabled due to an accident, you'll receive additional monthly income aid of up to S$6,250, and all future premiums will be waived.
Continued coverage. In the event of your death, your appointed spouse, who is also a joint owner, will succeed your policy, ensuring continued financial protection for your loved ones.
Critical illness protection. This optional rider waives future premiums if you're diagnosed with any of the 35 covered critical illnesses, providing financial relief during challenging times.
Comprehensive coverage. This rider offers premium waivers for early and intermediate stage medical conditions, allowing you to maintain your coverage even when facing health challenges.
Family protection. This rider waives premiums on your spouse's or child's policy in case of your death, total and permanent disability, or critical illness diagnosis.
While PRUActive Retirement II is designed as a long-term retirement solution, life's circumstances may sometimes require flexibility. Understanding the surrender value and partial withdrawal options is crucial for making informed decisions about your policy. Let's explore the key aspects of policy surrender and withdrawals to help you navigate potential financial needs.
Policy worth over time. The surrender value is calculated based on the premiums paid, accumulated bonuses, and any applicable surrender charges. It may be less than the total premiums paid, especially in the early years of the policy.
Access to funds. PRUActive Retirement II allows for partial withdrawals, giving you the flexibility to access a portion of your policy's value if needed. However, withdrawals may affect your future benefits and should be carefully considered.
Early termination costs. Surrendering your policy or making withdrawals in the early years may incur charges. These charges typically decrease over time and are designed to protect the overall fund performance for long-term policyholders.
Prudential is committed to providing excellent customer service and a smooth claims process for PRUActive Retirement II policyholders. To file a claim or seek assistance, you can contact Prudential's customer service team at 1800 333 0 333. The team is available to guide you through the claims process, answer any questions about your policy, or provide support for policy adjustments. For added convenience, Prudential also offers online services through their website and mobile app, allowing you to manage your policy, view statements, and submit certain types of claims electronically. Rest assured that Prudential's experienced staff is dedicated to ensuring your retirement planning journey is as seamless as possible.
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PRUActive Retirement II is an excellent choice for individuals seeking a flexible and comprehensive retirement solution. This plan is particularly well-suited for those who value customization in their retirement planning, such as professionals looking to retire early, individuals wanting to supplement their CPF savings, or those seeking a balance of guaranteed income and potential growth. The plan's unique features, including the Step-Up Income and flexible payout options, make it an attractive option for a wide range of retirement goals.
, each offering unique insights and recommendations tailored to your specific situation. This approach allows you to compare options, understand different strategies, and ultimately make an informed decision about your retirement planning. Plus, by participating, you'll be entered into our 'Premiums On Us' campaign, giving you the chance to have your quarterly insurance premiums paid by Whatins. Don't leave your retirement to chance – take advantage of this opportunity to secure a comprehensive view of your options and potentially win coverage of your premiums!
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