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Friday, 14 November 2008

PRUretirement Accumulator

Prudential launched a regular premium investment-linked product designed for retirement named PRUretirement Accumulator.

Product features:

Accumulation Phase

  • Term of 5 to 40 years
  • Minimum premium per month: RM100
  • Withdrawal is allowed
  • Top-up is allowed

Payout Phase

  • Guaranteed monthly income
  • Withdrawal is allowed
  • Top-up is allowed?

Death and TPD cover is avaliable. Earlier this year, Manulife also launched an investment-linked retirement product call Secure Income Plus.

Meanwhile, Prudential UK has announced 5 to 10% cut in its maturity bonus.

Source: Bernama, Telegraph

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