Life insurer Pru Life UK introduces PRULove Wealth, a product tailored to provide Filipinos with comprehensive life insurance coverage while also offering competitive returns similar to high-yield time deposits.
With PRULove Wealth, customers can expect a consistent 4% annual cash payout, along with the assurance of 100% cash back and up to 125% insurance coverage. Come rain or shine in the market, customers can rely on the guaranteed annual payout based on their single premium investment.
“With the guaranteed benefits of our new product, we aim to help more customers achieve financial protection and their wealth aspirations,” said Allan Tumbaga, executive vice president and chief customer and marketing Officer.
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PRULove Wealth serves as a valuable addition to traditional bank deposits and fixed-income assets, providing a steady stream of earnings to celebrate life’s milestones, fortify personal savings, and offer an extra layer of financial security.
Wealth protection
Customers’ principal investments are safeguarded with a 100% cash-back guarantee upon the policy’s maturity or completion of the seven-year coverage period. This assurance offers families peace of mind and a stable financial foundation for the future.
The insurance coverage of up to 125% based on the single premium ensures comprehensive wealth protection for customers’ families. In the event of any unforeseen circumstances, beneficiaries receive the entire proceeds, up to 25% more than the principal invested.
PRULove Wealth is ideal for customers seeking a hassle-free, one-time payment life insurance solution that provides a continuous stream of cash flow and a secured legacy, irrespective of market fluctuations.
Accessible through its extensive network of over 42,000 digitally empowered agents and collaborative digital partners, Pru Life UK continues to offer a diverse range of products tailored to meet the evolving needs of its customers.