05/02/2026
๐ What PRULifetime Income Is
PRULifetime Income is a traditional life insurance plan (not an investment-linked plan) from Pru Life UK Philippines that gives you:
โ
Guaranteed annual cash payouts for life
โ You receive 5% of your Sum Assured every year starting from the end of the 6th policy year as long as youโre alive. ๏ฟผ
โ
Lifetime insurance protection
โ It offers 200% life insurance coverage (double your Sum Assured) that lasts up to age 100, giving a financial safety net for your loved ones. ๏ฟผ
๐ How It Works
โข Premium payment period: You choose to pay premiums for either 5 or 10 years. ๏ฟผ
โข Guaranteed payouts: Each year, from year 6 to maturity, you get a guaranteed payout equal to 5% of your Sum Assured. ๏ฟผ
โข Coverage duration: Protection lasts for your whole life up to age 100. ๏ฟผ
โข Non-guaranteed dividends: Starting from the 3rd policy year, you may also get dividends (profit shares) that can be taken in cash, used to pay premiums, or left to grow interest โ but these are not guaranteed. ๏ฟผ
โข Minimum sum assured: Typically starts at โฑ250,000. ๏ฟผ
๐งพ What You (or Your Beneficiaries) Get
If you live until maturity or beyond:
โ Annual guaranteed payouts approx. 5% of Sum Assured each year (until age 100). ๏ฟผ
โ Life insurance payout: 200% of Sum Assured to beneficiaries upon death (plus accumulated payouts and dividends if any). ๏ฟผ
If you pass away while the plan is active:
โ Your beneficiaries receive the 200% insurance benefit plus any accumulated payouts/dividends. ๏ฟผ
๐ง Simple Example (Illustrative)
If you choose โฑ1,000,000 Sum Assured:
โข Youโll get about โฑ50,000 per year (5% x โฑ1M) once payouts start. ๏ฟผ
โข Your family could receive โฑ2,000,000 (200% coverage) if something happens to you while the plan is active. ๏ฟผ
๐ Who Itโs Good For
โก People who want steady lifetime income (e.g., retirement cash flow)
โก Those who want fixed guaranteed benefits rather than market-linked returns
โก Families needing long-term coverage plus cash payouts
โ Important Notes
โข Dividend payouts are not guaranteed โ only the 5% annual payout is guaranteed. ๏ฟผ
โข This is not a high-risk investment like stocks โ itโs a conservative insurance product.
โข Early cancellation or lapse may reduce benefits (standard for life insurance).