PRU LIFE UK

[onlytechgirl]

glysolid_clarins – hi sis we have a lot of products but it depends sa need mo, that’s why financial consultant like me setting an initial presentation or appointment sa client first.  Meron kasi kami more on investment, meron din savings with insurance. Hospitalization meron like hospital income or for critical illness claim but it is different to health kasi yun hospitalization benefit nila is reimbursement type. Better din critical illness benefit kasi if hindi kaya ng health card sagutin pag nagkaroon ka ng critical illness.

crzysxycl – sis additional info lang, may ka-meeting kami processor ng prolife kanina and naitanong ko nga yun situation mo, based sa case mo kaya ka nila hinahanapan ng additional documents kasi nasa 2 years contestability period ka pa. honestly what I knew din is yun 30 day waiting period, pero that doesn’t mean na disapproved na yun claim mo, need mo lang present yun hinihingi nila. But I highly disregard na cut mo yun policy mo just because a small amount, kasi nastart mo na yan eh. What if something happened after a year, then tapos na contestability period mo, sayang naman..

queenteaser – hi sis, yep usually my projection sila pero since investment may risk, high risk high returns, pero proselling ng Pru Life is their fund manager which is eastspring investment (Singapore), number 1 asset management company sa asia. Ultimo si BSP (Bangko Sentral), tiwala din sa eastspring. usually this type on investment needs long term, say 7-10 years para kumita talaga since fluctuating din ang market. Pero kung hindi mo naman gagamitin, I suggest ilagay mo dito kesa patulugin mo sa bangko. If you wish to have a meeting or discussion regarding this, I can meet you personally.

Stability wise sis, insurance commission required a very big amount sa isang insurance company bago maregister to sustain the business for the client claims , if si yellow company saying that twice as much nun required meron sila, si prulife 5 times lang naman, hope this help.

[hakunamatata]

^very well said sis. Matagal ka na sa pru?

[onlytechgirl]

^matagal na ako policy holder sa pru sis pero last September lang ako nagdecide to be a full time financial consultant. 😊

[crzysxycl]

^thanks sis! hindi ko pa rin magets kasi kahit makapag present kami ng additional docs na yun, wala rin sila makikita. hindi naman chinecheck ang stomach during APE. kahit ba hospitalization sis may contestability period? saka talagang negative na makapagbigay kami nun, ayaw ng employer ko.

[onlytechgirl]

^yup sis under pa rin daw ng 2 years contestability period yun. Wait mo na lang or follow up mo din. Pero i highly suggest wag mo discontinue kasi sayang.

[crzysxycl]

^thanks sis. yup, hindi nalang namin discontinue kasi mag 2 yrs na kami sa april. nakaka disappoint lang na ang galing mang himok pag mag aalok tapos daming arte kapag magcclaim. yung SSS nga nakuha na namin eh, yun pa nga ineexpect kong matatagalan kasi under ng government. pa follow up ko nalang kay hubby.

[yellow05]

Hello! did anyone here try the online access to view their investments/policies?  I want to sign up but I'm missing some info. Tried asking my agent but she isn't that helpful.. The questions are asking the maturity date but walang nakalagay sa statement ko..

[crzysxycl]

^hi sis! alam ko nasa policy yung maturity date. dun ko nakuha when i signed up.

[darkjuliet]

Hi, everyone!

Is anybody a client under the Pru Life Assurance Account Plus?
How is it naman?
I'm being offered one pero my concern is that I'll be paying for the plan ~forever~. Of course, there's an option to term the contract pero when you do, no more life insurance na rin. Unlike (I'm not sure, just correct me) with limited pay insurance (e.g. Exact Protector) where after N years, you are still covered up to 99 years old. So, parang you bought the plan, tapos may investment on the side.
I'm new to VULs so I'm still wrapping my head around the idea.
Wouldn't it be wiser to buy a life insurance and an investment fund separately?

Thank you!

[mxherr5]

- No you do not have to terminate your policy if you wish to
stop paying. You can just stop paying and it's called a "premium holiday"

  Your policy will continue to be active and charges will continue to
accrue against your policy's fund value.

For more information, look at the proposal your agent gave you.

Under the "notes" section.

You'll see

6. The above illustration assumes that all premiums are paid in full when
due and as planned with no premium holiday, and assuming that the
current scale of charges remain unchanged.

Ergo this means you can opt not to pay and it is called a premium holiday.

- Some proposals actually include an illustration where it is assumed that
you took a premium holiday i.e. stopped paying so you could see how your
policy would fare.

- If you stopped paying, what are the consequences?
Nothing. The charges would still happen on schedule but if your
fund value ever goes down enough that it cannot absorb the monthly
charges then you'll be forced to top-up or let your policy lapse.

Please see note 4

4. The fund value may run out due to partial withdrawals and deduction
of charges. If the fund value is insufficient to pay for the policy fee,
insurance charge, rider charge and other applicable charges (including
any policy debt), the policy automatically terminates, subject to Note 5b
below.
 

[onlytechgirl]

^very nice said, most of the clients natatakot kasi for life daw magsasave pero come to think of it, diba dapat lagi naman tayo nagsasave. Pwede nga kahit after 15 years msmagstop kana tapos charge na lang yun insurance charges and others sa current fund value. Meron naman PruAcess online to check kung sufficient paba yun funds for the charges.

[izabelle]

^ true. Nung una dapat yung hanggang 10 yrs lang kukunin namin pero hubby and I realized na bakit namin lilimit sa 10 yrs? e lifetime naman talaga dapat nag tatabi ng pera.

[caramelli]

Hi sisses! Ask ko lang, may makukuha ba ako kung sakali paterminate ko yung account ko? More than 2 yrs palang ako nagbabayad, 10 yrs to pay yung kinuha ko. Tia!

[onlytechgirl]

^sis you could check sa PruAccess kung meron ka na fund value, but i would suggest na continue mo na kasi baka hindi mo masabi bigla mo kailanganin yun benefits ng insurance mo.

[caramelli]

^Thanks sis. Kung may value na ba sis, yun din lang ang amount na makukuha? Nanghihinayang nga rin ako kaso may kailangan lang kasi ako muna pagkagastusan kaya hindi ko mababayaran, baka mag lapse lang.

[aNgelofThEMorning]

Dami ko natutunan dito. Plan ko mag-apply for my baby's educational fund.

[izabelle]

^^ yes sis, kung ano lang fund value yun lang makukuha mo. Since 2yrs palang ikaw naghuhulog, i think mababa pa fund value nyan. Yung total ng nahulog mo mas mataas pa kesa sa Fund value na makukuha mo, kaya sobrang sayang kung papaterminate mo.

Ang alam ko pwede naman na huwag muna mag hulog e, may tawag sila sa ganon, I forgot lang. Since may fund value ka naman na, pwedeng yung fund value mo gamitin mo pang hulog sa premium.

[onlytechgirl]

^premium holiday tawag dun, ichacharge sa current fund value mo yun insurance charges, admin, policy and rider charge. Pero monitor mo dapat kasi pag naubos na fund value mo, lapsed na policy mo.

[crzysxycl]

Hi sisses! ano masusuggest nyong magandang kunin for a newborn child? Hindi kasi ako familiar sa ibang products ng pru. Dami nagsasabi sa akin hindi na worth kumuha ng educational plans ngayon, meron pa ba nag ooffer ng ganito?

[onlytechgirl]

^hi sis if you plan for her educational fund for the future pwede naman exact 10 or 15.