Prudential launches indexed universal life insurance plan to meet rising legacy planning needs of the high net worth segment
The plan offers uncapped growth potential linked to the index performance along with features that protect against market uncertainties SINGAPORE – Media OutReach Newswire – 3 June 2024 – Prudential Singapore (“Prudential”) has introduced an indexed universal life (UL) insurance product, PRUVantage Legacy Index (“PVLI”), to address the growing protection and legacy planning needs of high net worth (“HNW”) individuals in Singapore. The indexed UL plan offers […]

1 Source: https://www.gbm.hsbc.com/en-gb/insights/global-research/the-rise-of-asian-wealth

2 For details on S&P 500 FC Index, please refer to: https://www.spglobal.com/

3 Subject to prevailing participation rates. The average participation rate is 70.0% in policy illustration, and the guaranteed minimum participation rate is 40.0%.

4 The S&P 500 FC TCA 0.5% Decrement Index (USD) ER (the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and has been licensed for use by Prudential Assurance Co. Singapore (Pte) Ltd. (“Prudential”). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Fast Convergence and FC are trademarks of BofA Securities, Inc. and/or its affiliates (“BofAS”). BofAS has licensed the Fast Convergence (FC) patented methodology and related trademarks to S&P DJI for use in the Index. Prudential’s products are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, BofAS or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index. For details on S&P 500 FC Index, please refer to: https://www.spglobal.com/

5 This refers to Minimum Surrender Value (MSV) feature, please refer to Product Summary for details.

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The issuer is solely responsible for the content of this announcement.

https://thearabianpost.com/prudential-launches-indexed-universal-life-insurance-plan-to-meet-rising-legacy-planning-needs-of-the-high-net-worth-segment/
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