PRUWith You Plus

Investment-linked insurance combines life insurance protection with an investment component, allowing part of your premium to be invested in selected funds.

Term life insurance, on the other hand, focuses on providing protection for a specified period without an investment component.

Investment-linked insurance may be suitable for individuals seeking flexible, long-term protection that can adapt to their changing needs, while term life insurance is often chosen by those looking for affordable protection for a specific period.

Most investment-linked insurance policies allow partial withdrawals from the investment value accumulated in the policy, subject to policy terms and conditions.

However, withdrawals may reduce the policy value available to support future insurance charges and could affect the sustainability of your coverage. It is important to understand the potential impact before making a withdrawal.

The value of an investment-linked insurance policy may fluctuate based on the performance of the underlying investment funds.

If fund performance is weaker than expected, the policy value may grow more slowly or decrease.

As the policy value helps support insurance charges, it is important to review your policy regularly to ensure it continues to meet your protection needs and financial objectives.

Investment-linked insurance is generally designed for individuals seeking long-term protection while building potential investment value over time.

Maintaining the policy over the long term allows both the protection and investment component to work together to support different life goals and financial priorities.

The impact of a missed premium payment depends on your policy terms and the available value within your policy.

In some cases, coverage may continue as long as there is sufficient policy value to cover ongoing insurance charges. However, prolonged non-payment may eventually affect policy benefits or result in the policy lapsing.

The amount of coverage you need depends on factors such as your income, financial commitments, dependants, and long-term financial goals.

You may wish to consider expenses such as outstanding debts, everyday living costs, future education needs and income replacement when determining the appropriate level of protection for yourself and your loved ones.

Before choosing an investment-linked insurance policy, consider your protection needs, financial goals, investment horizon, and risk tolerance.

It is also important to understand how the policy works, including available investment options, policy charges and the flexibility to customise your protection with additional riders.

Investment-linked insurance is primarily designed to provide life insurance protection while offering the opportunity to build investment value over time.

Its main purpose is to help protect you and your loved ones against life's uncertainties, while providing flexibility to support your long-term financial goals.Investment returns are not guaranteed and will depend on fund performance.

PRUWith You Plus includes a Sum Assured Booster feature that automatically increases your basic sum assured by 1% each policy year, up to a maximum of 50% of the original basic sum assured, without additional premium for the increase.

This feature helps your protection grow over time, supporting your changing needs and financial responsibilities as you move through different life stages.

PRUWith You Plus provides complimentary child coverage for all your children from birth until age 7, subject to policy terms and conditions.

Eligible children are automatically covered without medical underwriting or additional premium, helping provide added protection during their early years.

Investment-linked insurance is primarily designed to provide long-term insurance protection. A portion of your premium is invested in selected funds, and the resulting investment value can help support the sustainability of your coverage by meeting ongoing insurance charges.

Depending on fund performance, the investment value may also provide additional financial flexibility in the future. However, investment returns are not guaranteed, so it is important to review your policy regularly to ensure your coverage continues to meet your changing protection needs.

Investment-linked insurance may be suitable for individuals who want life insurance protection with the flexibility to adapt their coverage as their needs change over time.

It is often considered by those who are building their careers, starting a family, managing financial commitments or planning for future milestones. As investment-linked insurance involves market-related risks, individuals should consider their financial goals, investment horizon and risk tolerance before purchasing a policy.

Investment-linked insurance or ILPs (investment-linked plans) provide life insurance and investment components to the insured. ILPs are designed to help you accumulate wealth and at the same time, provide protection in the case of death, or total and permanent disability. The sum assured can vary according to your policy.

In an investment-linked insurance plan, part of your premium goes toward paying agent commissions and company expenses. The remaining amount is invested into a fund. From that investment value, the insurance company deducts a Cost of Insurance (COI) to provide coverage like life protection or critical illness benefits.

Investment-linked policies have several benefits including:

• High flexibility - The insurance coverage is adjustable to suit your needs or stage in life. You can also withdraw for quick cash if needed or pause paying premiums if you have financial issues.
• Leverage your money for both wealth accumulation and wealth protection at the same time.
• You get to choose where to invest—whether it's in equity funds, bond funds, managed funds, or even local, regional, or global options—based on your comfort with risk.

No, the returns of investment-linked insurance is not guaranteed. This is due to the rise or fall of fund performance as according to the investment’s market value.

ILPs are not risk-free as the value depends on the investment portion’s performance.

This depends on several factors including:

• Your goals - What are your investment or financial goals?
• Your risk appetite - While you can adjust the investment and insurance portions according to the risk you’re willing to take, always do your research to ensure that you’re investing in funds that are able to deliver expected returns. Consult one of our team to learn more about all your options.
• Your age - How much time do you have to reach your goal? Younger individuals have more time to invest and thus, can opt for more aggressive investment funds if they want to. Our advisors will be able to plan a strategy that suits your needs.

There’s no fixed period, and thus, it’s pretty much up to you. However, because of the high initial costs, a long-term strategy will probably give you more returns.