Hi prudential

Is that cancer patient after recover allow to buy prudential retirement growth?

Thanks

Hi Prudential expert,
For PRUmy child, if the assured (the person who bought the insurance) die, will the insurance policy still active?

If the above-mentioned insurance policy still active, is it necessary to change the name of the assured (who was died) to another person?

If the life assured ( the person whom his life is insured) has income to support the payment of the premium, could we transfer the name of the assured to him(i.e. life insured).

Thank you so much.

This post has been edited by Nepo: Oct 24 2017, 10:01 AM

Will need to know when was the last treatment date and severity of the cancer. You may apply, providing full health disclosure to the insurer.

Yes the policy will still be active when the assured passed on.

While the assured is still alive he needs to appoint his family member(s) to be a Contingent Assured (CA) .

Upon his death, if there is/are CA(s), the child policy will not form part of the assured estate and future claims for the child policy will be paid to the CA(s).

However if there is no CA appointed and the assured passed on, to transfer the ownership of the policy will require a Letter of Administration or Grant of Probate.

As for the policy payment if there is a parent payor attached the premium will be waived till the child is age 25.

If there isn't any parent payor attached the policy will still be in force if there is still payment.

The policy ownership will also be transfered to the child when he/she attained the age of 25.

Will it transfer automatically without any actions need to be done?

Yes automatic but the life assured is advised to do nominations, with the consent of the trustee/s ofc

Hi,
Just want to check whether is there a policy which allow the policy to pay itself after certain years ?

Method 1:
The only way is to put in lots of saver (money set aside in saver account that do not contribute to buying any insurance) and project the
insurance charges increase. It's not 100% full proof, but at least it will help sustain the policy longer.

Method 2:
Invest/save yourself and have that cash standby to finance the insurance in later years.

Thanks for the info. Cz last time my parent boight a policy for me. Say it will be able to pay itself after certain year eg. 10 years

You may get the agent to review the policy and compare it with the cash value accumulated throughout the years.

If it is without any medical card, then maybe it will be able to finance itself depending on how the policy was design.

However if it is with a medical card, I can say its 100% it was a sales talk and nonsense to say that it can finance itself after 10 years (well maybe it can run for a some years but it will be required to top up once the accumulated cash value has depleted).

hi, would like to ask that i have a policy which is Prulink assurance plan, which i pay RM396 per month. do u think its good? however i do not have any details on it as it was purchase by parents years ago.

you can walk in to any of the Prudential branch to print out your current coverage
& investment value

Hi Colaboy,
Would like to ask also that if i downgrade or lower my coverage , will it affect anything except the sum assured ?

If you maintain the same premium and reduce your coverage amount, you'll save up a little on the cost of insurance which will be channeled to your account value as you spent lesser due to lower coverage than originally.

Choose Local or Global fund?

Ppl saying choose Global fund as their performance is far better than local, and more ppl choose it.

I choose local fund because the price is at low side and potential to grow in future.

Hmm some say global fund because of potential growth compared to local economy. Some may argue that global fund are higher risk compared to local fund.

Decision is still up to you to decide

You won't be affecting anything except the insured value is lower & your potential cash value will be greater as more money will be allocated into purchasing fund for an investment link policy.

But personally I don't advise doing so, unless you really face some financial issue & needed to drop 1 or 2 riders in the policy to reduce the premium

This post has been edited by Colaboy: Oct 30 2017, 04:57 PM

my mum medical card policy will cover till age 70, is it true?

Please get in touch with your mum's servicing agent for a policy review or you may bring your mum along to any Prudential office to check.

If the agent is no longer in the business or loss touch, you may transfer the policy to another active agent for future servicing.

why will like that till age 70?
i thaught is till age 99

If it is till age 70, it means that the premium that you pay may not be sufficient to handle the higher insurance charges at older age.

Newer medical card is able to be covered till age 90 or 100 if there is sufficient cash value in the policy to sustain the higher insurance charges at older age.