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Anonymous

19 May 2021

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Advice for PruFlexiCash (7th Series) if I need the money?

I have a PruFlexiCash (7th Series) that I started 4 years ago but I need my savings to pay for university and I'm not sure if I will still be able to afford the plan. Currently I have paid about $12,000, withdraw value ~$4.5k, and surrender value ~$2.5k.

Would anyone happen to know if it's possible to withdraw the sum first before surrendering and what would that entail? Or what would you recommend I do to minimise my losses - continue paying or surrender.

Prudential PRUflexicash Endowment Plan

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Tan Choong Hwee

19 May 2021

Investor/Trader at Home

I supposed you opt to defer receiving your cash benefits during year 2 to year 4, such that you have about $4.5k withdrawal value now. You certainly can withdraw them now. I'm not certain about how will it affect the surrender value, but guessing that the $2.5k should remain as it is lower than the withdrawal value (meaning didn't include that amount in surrender value).

I suggest you check their policy document or call them to confirm.

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Related Products

Prudential PRUflexicash Endowment Plan

1.0

1 Reviews

15, 20 or 25 years

POLICY TERM

Regular

PREMIUM TERM TYPES

Death, Critical Illness, TPD

COVERAGE

5% p.a. of insured amount

MIN. GUARANTEED REGULAR PAYOUTS

100% of insured amount

LUMP SUM MATURITY BENEFIT

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What should a student working part time and making about $1000/month invest his money in? Need some financial planning advice, thanks in advance!?

Why is the guaranteed sum at maturity date less than the projected total premium paid at maturity for PruFlexiCash (7th Series)?

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