By The Nation
The product offers both insurance coverage and investment returns under a single integrated plan. In announcing the plan, the companies said that customers will pay a one-time premium and enjoy life protection coverage of 110 per cent of the premium paid, combined with total net asset value in their investment portfolio. Customers will not have to pay additional fees under the single integrated plan, according to the announcement.
PRUwealth is being offered to customers from one month old to 70 years old, and will offer life protection coverage until the age of 99. It is designed to allow for wealth accumulation over a longer term. If the need arises, it will also allow customers the flexibility of switching their mutual funds 12 times a policy year from 27 leading selected domestic and international mutual funds without having to pay any additional fees.