Early financial planning allows you to pursue your life goals with confidence, says Prudential Singapore.
Early financial planning allows you to pursue your life goals with confidence, says Prudential Singapore. With Prudential Singapore’s income-generating plans, living well does not have to begin only after retirement.
”. These years can be filled with possibilities: travelling, supporting children studying overseas, pursuing fractional work before retiring fully or caring for ageing parents. A longer life, however, also means a longer financial runway. For many households, this calls for income that lasts.
To support these evolving life stages and help customers generate income, Prudential Singapore has introduced two index‑linked solutions – PruIndex Income Boost and PruIndex Lifetime Income. Picture this: At 48, David* is juggling several major responsibilities. His two children are approaching university age while his ageing parents need caregiving support. He wants to plan early for a different rhythm of life.
That could mean retiring sooner from a demanding job, spending a year travelling or setting aside more time for family and personal interests. Many Singaporeans today are balancing support for loved ones with the need to build a financial foundation strong enough to carry them into the future. To prepare for these milestones, David needs an income source that starts early, grows over time and supports his finances as his commitments evolve.
Singapore-dollar regular premium participating endowment plan that taps into index growth¹ to generate income while safeguarding savings. The plan pays guaranteed monthly cash benefits of 2.3 per cent per annum² from the first to the 12th month, giving him some immediate breathing room. From the 13th month onwards, he has the potential to receive market-performance-linked payouts¹, a llowing income to grow when markets perform well. A non-guaranteed maturity bonus is payable when the policy ends.
Savings are protected through market shifts, with a 0.0 per cent floor rate and capital guaranteed after 15 years, provided no policy changes are made during the term. f his investment approach changes. Furthermore, the policy includes death protection, for the benefit of his loved ones. Jasmine*, a 55-year-old lawyer, is also planning ahead. With her son preparing to study overseas, she wants to build a legacy that supports him well beyond her lifetime.
She does not intend to retire soon, but hopes for her later years to be defined by choice rather than uncertainty. PruIndex Lifetime Income is structured to provide income for life. It offers Jasmine a steady stream of income that supports long-term stability, helps cushion against market volatility and can be passed on to her son. According to Prudential, Singaporean investors are looking for new income streams to strengthen their portfolios.
PruIndex Lifetime Income is a Singapore- and US-dollar regular premium whole life participating plan that providesThe plan shields her savings from market downturns with a 0.0 per cent floor rate and allows her to choose premium terms of five, seven, 10 or 15 years. She has the flexibility ofThe plan also supports multigenerational wealth planning through Wealth Share features.
These include the option to appoint a secondary life assuredFor Jasmine, lifelong income provides greater certainty as she plans her next chapter. At the same time, it ensures the legacy she builds today continues to support her family in the years ahead.
, which offers optimised exposure to large-cap US equities with built-in volatility control; and the Shiller Barclays CAPE Allocator IndexINCOME AS A FOUNDATION FOR FLEXIBILITYMany Singaporeans today are balancing support for loved ones with the need to build a financial foundation strong enough to carry them into the future.
“In a world of longer lives and evolving priorities, early planning gives people the confidence to say yes to important milestones today while ensuring their financial foundation remains secure for the years ahead,” said Ms Toni Fung, chief customer and marketing officer at Prudential Singapore. “A new income stream shapes how freely people move, plan and dream. It helps support the moments that matter now while safeguarding the future.
” She added: “Similarly, lifetime income offers enduring financial support beyond the individual, helping not only oneself but also a spouse, children or ageing parents. ” With markets shifting quickly, many Singaporeans are seeking income sources that can participate in market growth, offer some protection against downturns, complement investment portfolios and provide dependable monthly income through different life stages. Subject to participation rate.
Participation rate is not guaranteed, varies across indices and is subject to the performance of the participating fund. Only one index can be selected at any point, with 100 per cent allocation to it. Index redirection is allowed from the fourth policy year onwards, provided policy is in-force and premiums are paid to date. It will only take effect from the segment creation of the following month, after the index redirection application is completed.
Change of life assured is subject to insurable interest with current policy owner, and can be done only after the premium payment term of the policy. Refers to UBS Multi Asset Strategy Tactical Rotation Index for SGD plan and UBS Multi Asset Strategy Tactical Rotation Index for USD plan.
Refers to S&P 500 FC TCA 0.50 per cent Decrement Index ER for SGD plan and S&P 500 FC TCA 0.50 per cent Decrement Index ER for USD plan. Refers to Shiller Barclays CAPE Allocator 6 Dynamic Risk Control Index for SGD plan and Shiller Barclays CAPE Allocator 6 Dynamic Risk Control Index for USD plan.
You are recommended to read the product summary and seek advice from a qualified Prudential financial representative before purchasing an insurance policy that suits your needs. As a life insurance policy is a long-term commitment, early termination usually involves high costs. The surrender value, if any, may be zero or less than the total premiums paid. These policies are protected under the Policy Owners’ Protection Scheme, administered by the Singapore Deposit Insurance Corporation .
Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits covered under the scheme and the limits of coverage, contact your insurer or visit the We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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