facebookHow to calculate interest rate for pruflexicash (25year term)? Paying $150 a month. My cash benefit option is selected as accumulation but I did some withdrawal a few years back for my holidays.? - Seedly

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Anonymous

28 Dec 2019

Insurance

How to calculate interest rate for pruflexicash (25year term)? Paying $150 a month. My cash benefit option is selected as accumulation but I did some withdrawal a few years back for my holidays.?

Revised benefit illustration as follows:

1st First Row
end of policy year/age : 8/28
basic premiums paid: 14,366
Gross Surrender Value (guaranteed) : 7,991
Gross Surrender Value (non-guaranteed) : 432
Total: 8,423

Last Row
end of policy year/age : 25/45
basic premiums paid: 44,895
Gross Surrender Value (guaranteed) : 26,765
Gross Surrender Value (non-guaranteed) : 36,704
Total: 63,469

The total interest I'm predicted to be getting is 41.37%.
Need help calculating other key interest rates.

Discussion (6)

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Tan Li Xing

28 Dec 2019

Financial Consultant at Prudential Assurance Company (Singapore)

Hi Anon,

Please do not surrender the policy, as you would miss out on the interest that you have earned and will continue earninng as well, honestly Pruflexi-cash doesn't have much interest, but the benefit is the flexibility to draw the money as needed when you would like to. Just thought to give my thoughts as surrendering it is not beneficial for you

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Hariz Arthur Maloy

28 Dec 2019

Independent Financial Advisor at Promiseland Independent

Your projected rate of return upon maturity (after 25 years) is 2.745% p.a. What else would you like to know? :)

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