In today's uncertain world, protecting your loved ones' financial future is paramount. Term life insurance offers an affordable way to provide that security. Prudential's PRUActive Term is a unique protection plan designed to adapt to your changing needs. This flexible policy allows you to increase your coverage annually without medical examinations, ensuring your protection grows alongside your life's milestones. With customizable premium payment terms and coverage durations, PRUActive Term empowers you to take charge of your family's financial security on your own terms.
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PRUActive Term offers comprehensive protection with a range of benefits tailored to safeguard you and your loved ones. From death coverage to disability protection, this policy is designed to provide financial security when you need it most. Let's explore the key features and benefits of PRUActive Term:
PRUActive Term provides a death benefit that covers you up to age 100 or the end of your policy term, whichever comes first. The sum assured is paid out upon death, along with any applicable incremental amount.
As a pure protection plan, PRUActive Term does not accumulate cash value. This allows for lower premiums compared to whole life policies, maximizing your protection for each dollar spent.
PRUActive Term is a non-participating policy, meaning it does not offer bonuses or dividends. This keeps the product simple and focused on providing affordable protection.
The policy includes a Terminal Illness (TI) benefit. Upon diagnosis of a terminal illness, the policy pays out the amount indicated in the contract, providing financial support during challenging times.
Total and Permanent Disability (TPD) coverage is included up to age 70 or policy termination, whichever is earlier. The benefit pays up to $2,000,000 as an initial lump sum, with any balance exceeding this amount paid 12 months later or upon death.
PRUActive Term offers various Critical Illness (CI) riders that can be added to enhance your protection. These include Crisis Care II, which covers up to 36 CI conditions with a sum assured of up to $3,600,000.
PRUActive Term stands out for its flexibility, allowing you to tailor the policy to your specific needs and circumstances. From adjustable policy terms to entry age options, this plan offers various features to ensure your coverage aligns with your life stage and financial goals. Here's a breakdown of the key policy terms and flexibility options:
PRUActive Term accommodates a broad spectrum of individuals, with policy entry ages ranging from 18 to 75 years old. This wide range ensures that protection is accessible at various life stages.
Choose a policy term that suits your needs, ranging from 10 to 82 years. This flexibility allows you to align your coverage duration with specific financial goals or milestones.
PRUActive Term does not offer automatic renewability. However, the option to increase coverage through the Incremental Sum Assured benefit provides a way to adjust protection as needs change.
This policy does not include a conversion option to switch to a permanent life insurance plan. It's designed as a pure term protection product focused on providing affordable coverage.
Premiums for the base policy are guaranteed not to increase during the chosen premium payment term. This provides financial predictability and helps with long-term budget planning.
| Age | What suggestion covers | Premium |
|---|---|---|
| 27, Female making $3,800 a month | TPD $1,000,000 death $1,000,000 | $455.95 null |
| 33, Female making $6,000 a month | critical illness $400,000 death $400,000 early stage critical illness $250,000 | $5,136.9 annual |
| 26, Male making $8,083.333 a month | death $500,000 | $668 annual |
| 27, Female making $5,265 a month | accidental death $100,000 medical expenses $2,000 tcm treatment $500 | $219.03 annual |
| 39, Male making $4,166.667 a month | base plan: description Covers all Singapore Restructured Hospitals, up to A ward | Not provided |
PRUActive Term offers a selection of riders to enhance your protection and tailor the policy to your specific needs. These optional add-ons provide additional coverage for critical illnesses and offer premium waiver benefits under certain circumstances. Let's explore the available riders:
This rider provides coverage of up to $3,600,000 for 36 critical illness conditions. It features guaranteed premium rates and can include the Incremental Sum Assured benefit for growing protection.
Covers early to intermediate stage medical conditions with a sum assured of up to $250,000. It includes special benefits for specific conditions like angioplasty and diabetic complications.
Waives premiums for covered benefits for 5 years upon diagnosis of Early Stage Medical Conditions, or 10 years for Intermediate Stage Medical Conditions. A second claim option is available under certain conditions.
Waives all future premiums when the life assured is diagnosed with any of 35 listed Critical Illnesses. This rider ensures continued coverage even if you're unable to pay premiums due to a critical illness.
While we are not Prudential, we understand the importance of efficient claims processing and responsive customer service. Prudential typically provides multiple channels for filing claims, including online portals, phone support, and in-person assistance at their offices. For specific claim requirements or to initiate a claim, policyholders should contact Prudential directly or consult their financial advisor. Customer support is generally available through Prudential's hotline, email, or by visiting their service centers. For the most up-to-date and accurate information on claims procedures and customer service options, it's best to refer to Prudential's official website or contact them directly.
PRUActive Term could be an excellent fit for individuals seeking flexible, long-term protection that can adapt to their changing needs. It's particularly suitable for young professionals starting their careers, growing families looking for increasing coverage, and those who prefer the option to adjust their protection levels without medical re-examination. The policy's unique features, such as the Incremental Sum Assured benefit and customizable premium payment terms, make it an attractive choice for those who value flexibility in their insurance planning.
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