Endowment

PRUWealth Plus (SGD): Flexible Savings and Protection for Your Family's Future

In today's uncertain world, planning for your family's financial security is more important than ever. Did you know that according to a recent survey, 70% of Singaporeans are worried about their long-term financial stability? If you're looking for a flexible savings plan that can adapt to your changing needs while providing protection, PRUWealth Plus (SGD) might be the solution you've been searching for.

Insurance Calculator

Find the right coverage in minutes

  • Accurate coverage estimates
  • Save time with instant results
  • Personalized recommendations

What is PRUWealth Plus (SGD)?

PRUWealth Plus (SGD) is a flexible savings and protection plan designed to help you grow your wealth while safeguarding your family's future . It offers a unique combination of long-term savings potential, financial flexibility, and life protection. This plan is ideal for those who want to maximize their savings growth while maintaining the ability to access funds when needed.

Key Features That Make PRUWealth Plus (SGD) Stand Out

Tailored Savings Growth

  • Potential returns up to age 130

  • Choice of single or regular premium options (5, 10, 15, or 20 years)

  • Option to use Supplementary Retirement Scheme (SRS) funds for single premium plans

Financial Security

  • Capital guarantee after the 10th year (terms apply)

  • Option to defer premium payments for up to 2 years in times of need

  • One-time payout of up to 50% of your annual premium in case of job loss

  • Premium waiver for up to 1 year if an immediate family member passes away

Flexibility to Meet Life's Milestones

  • Make withdrawals to fund important life events

  • Let your wealth grow over a longer period if desired

Family Protection

  • Death and accidental death benefits

  • Options to appoint a secondary life assured, joint ownership, and change of life assured

Easy Application

No medical examination required (conditions apply)

Real premiums suggested for PRUWealth Plus

20, Female making $4,000 a month

Coverage:
Premium:
$[object Object]
Read More
Get your own quotes →

How PRUWealth Plus (SGD) Works

Premium Payment Options

Single Premium: Pay once and you're set. Regular Premium: Choose from 5, 10, 15, or 20-year payment terms.

Savings Growth

Your savings have the potential to grow until age 130. Bonuses are added to your policy, increasing its value over time (not guaranteed).

Capital Guarantee

After 10 years for single premium plans. After 15-19 years for regular premium plans (depending on payment term).

Withdrawal Flexibility

Access your funds when needed for life's milestones. Any withdrawal is considered a partial surrender and may affect the policy's long-term value.

Protection Benefits

Death benefit: Payout to your beneficiaries if you pass away. Accidental death benefit: Additional payout in case of accidental death.

Unique Features

Retrenchment benefit: One-time payout if you lose your job. Premium waiver: If an immediate family member passes away. Option to change life assured: Transfer the policy to another family member.

Real-Life Scenario: How PRUWealth Plus (SGD) Can Work for You

These scenarios demonstrate how PRUWealth Plus (SGD) can adapt to different life situations while still providing long-term growth potential.

Scenario 1: Long-term Savings

  • Marcus pays $8,000 annually for 5 years (total $40,000)

  • At age 50 (Year 10): Policy value is $106,825 (2.6x premiums paid)

  • At age 60 (Year 20): Policy value is $156,227 (3.9x premiums paid)

  • At age 70 (Year 30): Policy value is $224,344 (5.6x premiums paid)

  • At age 80 (Year 40): Policy value is $323,200 (8x premiums paid)

Scenario 2: Flexible Withdrawals

  • Marcus pays $8,000 annually for 5 years

  • Year 5: Marcus is retrenched but finds a new job within 3 months. He receives a $4,000 retrenchment benefit.

  • Year 11: Marcus changes the life assured to Ellie

  • Year 20: Marcus withdraws $10,000 for a family vacation

  • Year 25: Marcus gifts the policy to Ellie

Pros and Cons of PRUWealth Plus (SGD)

Pros

  • Flexible premium payment options

  • Long-term growth potential (up to age 130)

  • Capital guarantee feature

  • Withdrawal flexibility

  • Additional protection benefits (death, accidental death)

  • Unique features like retrenchment benefit and premium waiver

  • Option to change life assured

  • No medical examination required (conditions apply)

Cons

  • Bonuses are not guaranteed

  • Withdrawals may affect long-term policy value

  • Surrender value may be less than total premiums paid if terminated early

  • Some features not available for SRS-funded policies

Why Compare PRUWealth Plus 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

Is PRUWealth Plus (SGD) Right for You?

This plan might be suitable if you:

  • Want a flexible savings plan with long-term growth potential
  • Need the option to access your funds for life's milestones
  • Want additional protection for your family
  • Are looking for a plan that can adapt to changing life circumstances
  • Want to potentially transfer wealth to future generations

Frequently Asked Questions

Can I use my SRS funds for this plan?

Yes, but only for single premium plans. Some features may not be available for SRS-funded policies.

What happens if I can't pay my premiums?

You can defer premium payments for up to 2 years if you meet certain conditions.

Can I change the life assured?

Yes, you can change the life assured to another family member after certain conditions are met.

Are the bonuses guaranteed?

No, bonuses are not guaranteed and will vary based on the performance of the participating fund.

What if I need to surrender the policy early?

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

Conclusion

PRUWealth Plus (SGD) offers a unique combination of savings growth potential, financial flexibility, and family protection. Its adaptability to various life stages and circumstances makes it an attractive option for those looking to secure their family's financial future while maintaining access to their funds.

However, as with any financial decision, it's crucial to carefully consider your personal needs, goals, and circumstances before committing to a plan. While PRUWealth Plus (SGD) offers many benefits, it's important to understand its limitations and potential risks as well.

Ready to explore if PRUWealth Plus (SGD) is the right fit for your financial journey? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on savings and protection plans . These 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 plan for your family's future. Don't leave your financial security to chance – get the expert advice you deserve today .

Click here to get 5 expert opinions on savings and protection plans

Why people were suggested PRUWealth Plus

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 PruWealth Plus was suggested:
PruWealth Plus features an extended maturity age of 130 years, maximizing the power of compounding returns over a prolonged investment duration. The 10-year premium term offers financial stability and growth potential without further premiums. This plan can serve as a tool for saving for children's education or securing financial well-being in the distant future.
See all insurance suggestions →