Prudential Singapore Unveils PRUApex Legacy Index II for High-Net-Worth Wealth Transfer

Quick Summary

Prudential Singapore has launched PRUApex Legacy Index II, a flexible indexed universal life plan for high-net-worth individuals. The solution enables diversified wealth transfer through multiple indices, including gold-equity and volatility-controlled options, offering customizable death benefit payouts and premium terms to ensure long-term financial resilience and legacy protection.

How Does PRUApex Legacy Index II Solve Legacy Planning Challenges?

Prudential Singapore addresses the rigid nature of traditional wealth transfer tools by offering an indexed universal life plan that adapts to changing life priorities. Instead of purchasing new policies to adjust coverage, clients can now utilize flexible payout structures, choosing between a single lump sum or yearly installments over 2 to 10 years. This ensures that high-net-worth individuals maintain control over how their assets are distributed to the next generation.

• Customizable premium terms ranging from single-premium to 20-year multipay options.
• Minimum sum assured starting at US$500,000 for accessible entry into high-tier legacy planning.
• Bonus crediting rates of up to 6.50% on total account value for fully paid multipay policies.

What Investment Options Drive This Indexed Universal Life Plan?

The plan provides diversified growth potential by allowing premium allocation across a wide array of global markets. Investors can access volatility-controlled indices like the MSCI World Golden Compass and UBS MASTR, which offer uncapped return potential while maintaining a stable risk profile. This indexed universal life strategy balances market exposure in the US, Europe, and emerging markets with the stability of a gold-equity index.

• Capped return options via familiar benchmarks like the S&P 500 and EURO STOXX 50.
• Additional crediting rates of 0.25% p.a. specifically for volatility-controlled indices.
• Fixed account stability with a first-year crediting rate of 4.20% p.a. and a 2.00% p.a. guarantee.

FF NEWS TAKE:

This launch by Prudential Singapore significantly moves the needle in the indexed universal life space by prioritizing flexibility over rigid legacy structures. By integrating volatility-controlled indices and gold-equity options, Prudential is catering to a sophisticated class of investors who demand both market-linked growth and downside protection. This move reinforces Singapore's position as a hub for innovative wealth management solutions and sets a high bar for competitors in the HNW insurance sector.