PRULove Wealth Direct
How much is the Guaranteed Annual Payout for PRULove Wealth Direct
4% yearly cash payout of the single premium paid
What are the payment terms for PRULove for Life?
PRULove for Life offers flexible payment terms of 5, 10, 15, or 20 years.
What is the Minimum annual* payment for PAA Plus?
The payment starts at PhP 20,000 or USD 580.
*Other payment frequency options available
Can a client use the debit or credit card of another person (i.e., parent, spouse, etc.) for online payment?
You can only use a debit or credit card under your name to proceed with the payment.
How long is the coverage period for PRULove Wealth Direct?
7 years
What is the minimum Sum Assured of PRULove for Life?
Minimum sum assured:
Yes or no?
Do you need to pay surrender charges when partially or fully withdrawing the fund value of the PAA Plus policy?
No, you will incur no charges upon partial or full withdrawal of the fund value of the policy.
Can a client cancel his/her policy anytime with full refund of premium?
Yes, provided that it is within the 15 day free-look period of the policy. You may file your cancellation request here.
How much is the Surrender Benefit of PRULove Wealth Direct?
100% of cash value as reflected in the Surrender of Net Cash Values page of your policy contract, which may be lower than the single premium paid
What is the age requirement for this product
5 and 10 pay: 0 to 60 years old
15 and 20 pay: 0 to 55 years old
In what years do you get to enjoy a loyalty bonus?
For years 11 to 20, a percentage of the annual premium will be given to buy additional units and increase the fund value of your policy.
Is it possible for a client to purchase via PRUShoppe without assistance of a Pru Life UK Financial Advisor?
Clients may apply for and purchase a policy on their own.
How many days is the free look period for PRULove Wealth Direct policy?
You have 15 calendar days from the Policy Receipt Date to cancel PRULove Wealth Direct policy.
What is the duration of coverage of this product?
Coverage period is whole life or until age 100.
What are the optional benefits for this product?
Future Safe
Personal Accident
Payor Term
Payor Waiver
Waiver of Premium on Total and Permanent Disability
After canceling my policy, how long will it take for the client to get the premium refund?
Processing of the refund will take 10 working days. However, the crediting of the premium paid will depend on your statement cut-off which is handled by the issuing bank.
What are the requirements you must meet to be eligible for this product?
What are the core Benefits of PRULove for Life?
Death Benefit
Maturity Benefit
Participating – PRULove for Life is a participating policy.
Give at least 5 PRULink funds peso funds that you can select for this product?
PRULink Bond Fund
PRULink Managed Fund
PRULink Growth Fund
PRULink Proactive Fund
PRULink Equity Fund
PRULink Global Market Navigator Fund
PRULink Money Market Fund (for fund switching only)
PRULink Equity Index Tracker Fund
Is it possible for a client's application to be declined or rejected?
It is possible for Pru Life UK to decline or reject your application due to the following reasons: