Hello! Can I get general comments and thoughts on the PRULife Multiplier Flex (With ECI addons)?

This is essentially building the whole life plan with the mutiplier as a term plan add-on.

Pros - limited pay, able to "lock-in" ECI/CI rates, lower premium rates compared to a pure whole life

Cons - higher premiums compared to term life. lower cash value (Since more is paid to term insurance).

Hi Anon, PruLife Multiplier Flex is essentially a Limited Pay Whole Life Plan with a Multiplier on the Sum Assured until a specific age.

The pros for this plan, like all similar plans offered by all the different companies, are:

1. Limited payment, don't have to pay for the whole of life.
2. Higher Sum assured when you need it the most, before age 65 where your liabilities are the highest, and you have dependants like your kids, spouse & parents.
3. Accumulates cash value as it's a participating plan.

Similarly, with all similar plans, the cons are:

1) Coverage will drop back to the Basic Sum Assured with Bonuses after the multiplier ends.

2) The cash value will not be as high compared to a regular whole life plan that doesn't have the multiplier benefit.

Do check with the consultant that recommended this plan to you to introduce you PruActive Life. It's a revised version of this plan, which was just launched that has more comprehensive critical illness definitions, up to 56 different conditions as well as more flexible payment terms, higher multiplier to 5x, and increased multiplier age until 80.

Hope this helps!