PRUlink maxisavings

Negotiable / Piece(s)

Min. Order 1 Piece(s)

prudential

PRUlink maxisavings

Price: Negotiable / Piece(s)
Min. Order: 1 Piece(s)
Stock: 0
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prudential

Location:: ,Korea
Main Category:: Business Services
Main Products:: N/A

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Product Description



	Advantages
	Quick Facts
	Charges

PRUlink maxisavings combines whole life insurance with fund investments. The plan is available to persons aged between 18 and 60 (next birthday) and no medical examination is required.

Advantages

An Easy Start	It's simple: by contributing only US$100 per month, you can start to build up the foundation for your savings portfolio without altering your standard of living.
A Clever Way to Save	The PRUlink maxisavings enables you to invest your savings regularly in our range of investment fund(s) with total freedom of choice, helping you to optimise the growth of your savings by virtue of "Dollar Cost Averaging"^#1.
Flexibility To Cater For Your Changing Needs	To accommodate your various needs at different stages of life, you can switch between different funds without paying a fund switching charge. Please note that there may be differences between the unit issue price and the unit redemption price.
Easy Access To Your Money	You can make withdrawals at any time and the Redemption Charge will be waived when the withdrawals are made after the first 3 years of Premium Duration^#2.
Protection At No Extra Cost	You can enjoy whole life protection as well as accidental death protection with one plan at no extra cost.
Regular Investment Performance Tracking	You will receive a user-friendly quarterly fund trading statement, which includes your investment transactions, charge deductions as well as the balance of your investments.

^#1	You can invest a fixed amount at regular intervals into our funds. Therefore, you can buy more units when the fund prices are low, and fewer units when fund prices are high. Then you can minimize the effect of market volatility, which could potentially result in a lower average price per unit over the long term.
^#2	The Premium Duration does not include the number of months between the starting date and ceasing date of the Premium Holiday.

Quick Facts

Currency

US Dollar

Minimum Premium

US$100 per month

Eligibility

18 - 60 (age next birthday)

Premium Term

up to 100 (age next birthday)

Benefit Term

Whole of Life

Death Benefit

The higher of:

a)	101% of the policy account value or
b)	100% of the total premiums paid less total withdrawals (including Redemption Charge, if any)

Accidental Death Benefit

On top of the death benefit, an extra 50% of the policy account value will be payable, subject to a maximum limit of US$100,000 per life assured for all PRUlink maxisavings, in the event of accidental death of the life assured before the 5th policy anniversary.

Premium Holiday

Allowable after the policy has been in force for 12 months

Withdrawals

Allowable but subject to Redemption Charge

Charges

1)	Premium Charge:	5% of each premium contribution
2)	Administration Charge:	US$5 per month
3)	Redemption Charge^#1:
	Premium Duration^#2	% of policy account value / the amount of withdrawal
	<=1 Year	75%
	>1 Year and <=2 Years	50%
	>2 Years and <= 3 Years	25%
	>3 Years	0%

^#1	Redemption Charge will apply to the termination of the policy due to non-payment of premiums before the 1st policy anniversary, surrender and withdrawals.
^#2	The Premium Duration does not include the number of months between the starting date and ceasing date of the Premium Holiday.
	Note: Investment involves risk. For details, please refer to the Principal Brochure and the Summary Information for Investment Funds. The details listed above are for reference only. They are not complete and do not constitute a part of any contract between Prudential and any other parties. Prudential is willing to provide specimens of the policies upon request.

prudential

Company Introduction

Academic Achievements Bachelor and Master Degree in Economics Professional Qualifications FCCA AHKSA United States Life Insurance Institute Fellow Member Work Experience Trained with KPMG Peat Marwick UK 15 years financial controllership in international corporations and regional office Specialized in accounting, personal income tax and trust management. Expert consultant in insurance financial planning