Pru Life UK has introduced PRUWealth 10, a limited-time life insurance plan designed for affluent and high-net-worth Filipinos aged 55 to 65, offering a blend of guaranteed income, long-term coverage, and flexible access to cash value.
The product features a 5 percent net annual cash payout for 10 years, 100 percent return of premium at the end of the policy term, and life insurance coverage of up to 110 percent of the single premium paid. It also allows policyholders to access their plan’s cash value through loans, offering liquidity for emergencies or major expenses.
“PRUWealth 10 is designed for discerning individuals seeking the best of both worlds—guaranteed income and protection,” said Garen Dee, chief product officer of Pru Life UK. “Our high-net-worth clients value certainty and flexibility, and this product delivers exactly that.”
The plan requires a minimum single premium of P500,000 for clients aged 59 and below, and P3 million for those aged 60 to 70.
PRUWealth 10 aims to meet both wealth accumulation and preservation goals, catering to clients who may want to fund ventures such as travel or business opportunities. “This reinforces our role as a trusted partner in securing financial futures,” Dee said.
