Endowment

PRUCash Secure: Your Path to Guaranteed Savings and Financial Security

In today's uncertain world, saving for the future can be challenging. Life's unexpected twists and turns often derail our best-laid financial plans. But what if there was a way to secure your savings while still enjoying financial flexibility ? Enter PRUCash Secure, a unique savings plan designed to provide you with guaranteed returns and peace of mind .

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What is PRUCash Secure?

PRUCash Secure is an innovative insurance savings plan offered by Prudential. It's designed for individuals who want to save for their future while maintaining financial flexibility in the present . This plan offers a perfect balance of guaranteed savings, life coverage, and regular cash payouts , all packaged into a simple 5-year premium payment term.

Key Features That Set PRUCash Secure Apart

Guaranteed Returns

100% of your total premiums paid are guaranteed upon maturity . This means you're assured of getting back everything you've put in, at the very least.

Short Premium Payment Term

Pay premiums for only 5 years. Enjoy coverage for a total of 15 years.

Yearly Cash Payouts

Receive guaranteed yearly cash benefits from the 5th policy anniversary . Use these payouts to supplement your lifestyle needs or reinvest them.

Potential for Higher Returns

Earn up to 3% each year when you choose to accumulate your yearly cash payouts. Enjoy non-guaranteed benefits that can significantly boost your total returns.

Easy Application

Guaranteed issuance with no medical underwriting required. Quick and hassle-free application process.

Flexibility to Enhance Coverage

Option to add supplementary benefits for enhanced protection.

Why compare PruCash Secure with other Endowment options through Whatins?

Traditional Approach

  • Only see one company's projected returns
  • May push higher projections without context
  • Limited comparison of guaranteed amounts

Whatins Advantage

  • Compare guaranteed returns across insurers
  • See how different companies project returns
  • Get multiple views on bonus rate histories
  • Understand different payout structures

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

How PRUCash Secure Works

*Note: The non-guaranteed benefit is based on an illustrated investment rate of return of 4.75% per annum. At a lower rate of 3.25%, the non-guaranteed benefit would be $15,378, bringing the total benefit to $84,178.

Years 1-5 (Age 40-45)

Mr. Lim pays his annual premium of $13,415. He's covered against death for the entire 15-year policy term.

Years 6-15 (Age 46-55)

Mr. Lim stops paying premiums but continues to enjoy coverage. He receives a guaranteed Yearly Cash Benefit of $2,000. He uses this to supplement his children's education expenses.

At Maturity (Age 55)

Mr. Lim receives $48,800 (the remaining portion of the guaranteed benefit). He also receives a non-guaranteed benefit of $27,830*. Total Benefit: $96,630* (Guaranteed benefit: $68,800 + Non-guaranteed benefit: $27,830*)

Understanding the Benefits in Detail

Guaranteed Savings

PRUCash Secure guarantees that you'll receive 100% of your total premiums paid upon maturity . This means your principal is protected, providing a solid foundation for your savings.

Death Coverage

Throughout the 15-year policy term, your loved ones are protected financially if anything happens to you. The death benefit is 105% of total premiums paid or 101% of surrender value, whichever is higher.

Yearly Cash Benefit

From the 5th policy anniversary, you'll receive a guaranteed yearly cash payout . You can use this to supplement your income, fund your children's education, or reinvest it for potentially higher returns.

Non-Guaranteed Benefits

On top of the guaranteed benefits, you have the potential to earn additional returns through non-guaranteed benefits. These can significantly boost your total payout at maturity.

Flexibility

You have the option to receive your yearly cash benefit or let it accumulate with Prudential at an interest rate of up to 3% per annum.

Easy Application

With guaranteed issuance and no medical underwriting, applying for PRUCash Secure is quick and straightforward.

Who is PRUCash Secure For?

PRUCash Secure is ideal for:

  • Individuals looking for a guaranteed savings plan
  • Those who want life coverage but prefer a short premium payment term
  • People who value the flexibility of yearly cash payouts
  • Parents saving for their children's education
  • Anyone planning for a comfortable retirement

Pros and Cons

Pros

  • Guaranteed return of 100% of total premiums paid

  • Short 5-year premium payment term

  • Guaranteed yearly cash payouts from the 5th policy year

  • Potential for higher returns through non-guaranteed benefits

  • Easy application with no medical underwriting

  • Flexibility to add supplementary benefits

Cons

  • Limited to 15 years of coverage

  • Non-guaranteed benefits depend on fund performance

  • May not be suitable for those seeking very high returns

Frequently Asked Questions

Can I change the frequency of my premium payments?

You should check with Prudential about flexible premium payment options.

What happens if I need to surrender my policy early?

Early termination usually involves high costs, and the surrender value may be less than the total premiums paid.

Are the yearly cash benefits taxable?

You should consult a tax advisor for specific advice on the tax implications.

Can I increase my coverage amount later?

PRUCash Secure allows you to add supplementary benefits, but you should check with Prudential for specific options.

What happens after the 15-year policy term?

The policy matures, and you receive your guaranteed and non-guaranteed benefits.

Important Considerations

Before purchasing PRUCash Secure or any insurance policy, keep these points in mind:

  • Buying life insurance is a long-term commitment. Early termination often involves high costs.
  • The surrender value, if any, may be zero or less than the total premiums paid if you terminate early.
  • While the basic benefits are guaranteed, non-guaranteed benefits depend on the performance of Prudential's participating fund.
  • Always read the product summary and seek advice from a qualified Prudential Financial Consultant.

Conclusion

PRUCash Secure offers a unique combination of guaranteed savings, life coverage, and financial flexibility . With its short premium payment term and guaranteed yearly cash benefits, it provides a solid foundation for your financial future. Whether you're saving for your children's education, planning for retirement, or simply want the peace of mind that comes with guaranteed returns, PRUCash Secure could be the solution you're looking for.

However, as with any financial decision, it's crucial to consider your personal circumstances and long-term goals. While PRUCash Secure offers many attractive features, it may not be the best fit for everyone.

Ready to explore if PRUCash Secure is right for you? Don't rely on just one perspective. Get expert insights tailored to your unique financial situation. Sign up now to receive 5 expert opinions on savings plans like PRUCash Secure . These financial professionals will review your specific needs and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best savings plan for your future. Don't leave your financial security to chance – get the expert advice you deserve today.

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